: Fri May 08, 2009 11:27 am  

Haywire wrote:

I would imagine there is an administration cost to cover, and maybe much less than £100 raised it becomes unviable?

Have asked the Club via e-mail so will wait and see.

: Fri May 08, 2009 12:20 pm  

IngsRoader wrote:

Emailed the club today to enquire about the procedure to buy shares but they must be so busy with people buying them they haven't got time to reply

If you get an answer, let us know, please.

: Fri May 08, 2009 12:24 pm  

Got a reply this morning

They are a sending an application form in the post to me.

: Fri May 08, 2009 2:37 pm  

Haywire wrote:

I would imagine there is an administration cost to cover, and maybe much less than £100 raised it becomes unviable?

It's exactly that reason.

The club is obliged to send a copy of the annual accounts each year and also be invited to the AGM. If there was no minimum purchase the cost of producing & distributing these documents would far exceed the money raised in less than 2 years!!!!!

I'm sure that all shareholders (both existing and new) would be very happy to see the club take steps to improve the profitability of the business by setting a minimum shareholding of £100.

Personally, the £100 minimum was far easier to consider than the original minimum of £500 that I understand was initially considered, and I'm glad that as of this morning I can consider myself to own a (very small) part of the club I love.

: Fri May 08, 2009 2:42 pm  

gonna be parting with a couple of Hundred quid myself i think

: Fri May 08, 2009 2:46 pm  

Does anyone know if there is a prospectus with issuing the new shares?

They are valued at £1. Are all Trinity shares currently valued at £1?

How do we know the value should we wish to sell them and how would we go about it?

Do they or can they (if times change!) pay profit dividends?

I know I will get the 'its to help the club only' response but we could help the club by donating cash. If I wanted to become a shareholder I am holding a share in the business and am interested in the practicalities of that.

Also how do I apply? Do I call someone for an application form? Does the application form come with some bumf?

: Fri May 08, 2009 2:49 pm  

RDM wrote:

It's exactly that reason.

The club is obliged to send a copy of the annual accounts each year and also be invited to the AGM. If there was no minimum purchase the cost of producing & distributing these documents would far exceed the money raised in less than 2 years!!!!!

I'm sure that all shareholders (both existing and new) would be very happy to see the club take steps to improve the profitability of the business by setting a minimum shareholding of £100.

Personally, the £100 minimum was far easier to consider than the original minimum of £500 that I understand was initially considered, and I'm glad that as of this morning I can consider myself to own a (very small) part of the club I love.

Fair enough. Though could they not distribute them via e-mail thus cutting down the costs to almost nothing?

: Fri May 08, 2009 2:50 pm  

Walrus wrote:

Does anyone know if there is a prospectus with issuing the new shares?

They are valued at £1. Are all Trinity shares currently valued at £1?

How do we know the value should we wish to sell them and how would we go about it?

Do they or can they (if times change!) pay profit dividends?

I know I will get the 'its to help the club only' response but we could help the club by donating cash. If I wanted to become a shareholder I am holding a share in the business and am interested in the practicalities of that.

I don't think this is in anyway an investment just a way of generating some income for the Club and giving supporters chance to feel more of a part of the Club.

: Fri May 08, 2009 3:21 pm  

RDM wrote:

I'm glad that as of this morning I can consider myself to own a (very small) part of the club I love.

Don't worry...the part I own is even smaller!

(BTW, I'm yet to have received a copy of the accounts since becoming a shareholder...)

Walrus wrote:

Does anyone know if there is a prospectus with issuing the new shares?

They are valued at £1. Are all Trinity shares currently valued at £1?

How do we know the value should we wish to sell them and how would we go about it?

Do they or can they (if times change!) pay profit dividends?

From memory of Business Studies A Level - there's a difference in how shares are traded between a private limited company (Wakefield Trinity RLFC Ltd.) and a public limited company (BT plc. for example) - the shares are bought from the club, there is no 'stock exchange' for these shares, I don't think they can be sold, other than to the club. No prospectus and it's a private share offering, in a sense.

I could also be completely wrong! Speak to the club direct, and they will explain.

(Chances of ever getting a dividend - slim to zero!)

: Fri May 08, 2009 3:32 pm  

t-r-i-n-i-t-y wrote:

Don't worry...the part I own is even smaller!

(BTW, I'm yet to have received a copy of the accounts since becoming a shareholder...)



From memory of Business Studies A Level - there's a difference in how shares are traded between a private limited company (Wakefield Trinity RLFC Ltd.) and a public limited company (BT plc. for example) - the shares are bought from the club, there is no 'stock exchange' for these shares, I don't think they can be sold, other than to the club. No prospectus and it's a private share offering, in a sense.

I could also be completely wrong! Speak to the club direct, and they will explain.

(Chances of ever getting a dividend - slim to zero!)

im not to sure either but i thought you could sell , hence the Man Utd take over