: Fri May 08, 2009 3:58 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!)

I think you are just about spot on. Re accounts they are only given out at the meetings

: Fri May 08, 2009 4:46 pm  

Hmm.

Man Utd was different as they were a PLC.

So benefit is just to feel part of the club? Personally I dont think I will bother. Thanks for the info.

I have heard of Wakey giving shares to people/companies in lieu of payment for work done. If they are effectively worthless I am in the wrong business and I think I need to start issuing shares in my company!

Anyone want to buy some?

: Fri May 08, 2009 4:53 pm  

Prince Buster wrote:

Re accounts they are only given out at the meetings

Thought so....the club always arrange the AGM for when I'm away or working!

: Fri May 08, 2009 5:12 pm  

danielcat wrote:

Would have liked to buy some in sons name but I'm guessing at 5 he won't be allowed?

Anyone know for sure?

You could buy them in "trust" for him but as far as I am aware you would need to have legal papers written up for this - which could be costly so for the sake of £100 worth of shares it will probably not be worth it!

What I want to know is the tax implications of the purchase, as they are not traded on an open market what brackets do they fall in?

: Fri May 08, 2009 5:34 pm  

See it this helps you to understand the differences. But basically, as has been said, it's a token gesture. Yes, you own 'part' of the club, but not nearly enough to change things, should you so wish. (I say this without knowledge of how many shares are owned by Ted Richardson et al, but the point is true.) This is not an investment - in the same way buying a share in your favourite football team as a gift is. If you think it is - speak to an independent financial advisor, and I'm sure they'll agree....and if you think it is an investment, I've got a load of old Wakey tat here you can buy off me. A snip at £25,000....it's an investment!

See it this helps you to understand the differences. But basically, as has been said, it's a token gesture. Yes, you own 'part' of the club, but not nearly enough to change things, should you so wish. (I say this without knowledge of how many shares are owned by Ted Richardson et al, but the point is true.) This is not an investment - in the same way buying a share in your favourite football team as a gift is. If you think it is - speak to an independent financial advisor, and I'm sure they'll agree....and if you think it is an investment, I've got a load of old Wakey tat here you can buy off me. A snip at £25,000....it's an investment!

: Fri May 08, 2009 6:09 pm  

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

Thought so....the club always arrange the AGM for when I'm away or working!

I bet they know you will ask too many awkward questions

: Fri May 08, 2009 7:50 pm  

come on let's not try and complicate it. A share is a share in a business the clue is in the name!

I have a limited company and there are 8 shares in issue currently held by 2 people. If I created a 9th and sold it to you you would be invested in my business and would expect a portion on control and profit proportionate to your share holding plc or not to plc

Granted Wakey shares may have special terms re profit but they should have a value if the co is sold on otherwise you have been sold a piece of paper only.

Why have a min investment for a piece of paper?

: Fri May 08, 2009 8:00 pm  

The guy makes a point

: Fri May 08, 2009 8:23 pm  

Walrus wrote:

come on let's not try and complicate it. A share is a share in a business the clue is in the name!

I have a limited company and there are 8 shares in issue currently held by 2 people. If I created a 9th and sold it to you you would be invested in my business and would expect a portion on control and profit proportionate to your share holding plc or not to plc

Granted Wakey shares may have special terms re profit but they should have a value if the co is sold on otherwise you have been sold a piece of paper only.

Why have a min investment for a piece of paper?

I bought mine when the club needed help and will try to find some more cash to help fund again i suspect most shareholders have bought for this reason alone.

I expect nothing back in return other than the secure future of the club. To those who think they may have some value at some point and may get some return, well i hope thats the case.

: Fri May 08, 2009 8:29 pm  

BIGAL1 wrote:

I bought mine when the club needed help and will try to find some more cash to help fund again i suspect most shareholders have bought for this reason alone.

I expect nothing back in return other than the secure future of the club. To those who think they may have some value at some point and may get some return, well i hope thats the case.

So why havent you put £100 donation when we were struggling in pre-season. This is not a question directed to you personally (even though ive quoted you ).

All im saying is that why has it needed the return of a piece of paper with 100 shares written on it to make people invest in the club.