timbo
Programmes Room Manager 
QUO fan 4life.
Posts: 2,432
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Post by timbo on Jan 16, 2021 13:27:24 GMT
I don't know if this has been mentioned before or not. I was at this meeting and bought some shares. Who else was there and did you buy some shares? Are they still valid or worth anything? The meeting is advertised in the Blackpool Programme I posted today.  Here is my Certificate:  |
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Jon
Admin
Posts: 6,912
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Post by Jon on Jan 17, 2021 13:51:02 GMT
I was at this meeting and bought some shares. Who else was there and did you buy some shares? Are they still valid or worth anything? Yes, Timbo your shares are still valid. You are indeed a part-owner of our wonderful football club. Go here: find-and-update.company-information.service.gov.uk/company/00175954/filing-historyClick on view pdf on this item to find a full list of shareholders: 06 Sep 2019 Confirmation statement made on 6 September 2019 with updates View PDF (53 pages) Go down to page 50, shareholding no 742 and you are listed as owning 30 ordinary shares. So you own 30 / 983,990 or 0.003% of our football club. There has been talk of "ownership changing hands" in recent years, but that is only a percentage of the ownership - the controlling interest. The holdings of fans like Timbo have not changed hands although the percentage ownership they represent has been watered down as more shares have been issued. The face value or nominal value is what you paid for them - £30. You will note that you bought six £5 shares but now hold 30 £1 shares. That is because the share structure was simplified so that everybody had £1 shares rather than a mixture of 25p shares, £1 shares and £5 shares. It made no difference to the total share. The real value of anything is what someone is willing to pay you for it. If you had invested £30 with an investor's head on 38 years ago, you might expect that to have grown to a tidy sum. But buying shares in a football club like Torquay is not really an investment. The controlling interest changed hands for the princely sum of £1 on both of the last two occasions it was sold. That places the real value of Tim's shareholding at a lot less than 1p. But the real value Timbo is as a badge of honour. Many people like yourself have played a part in keeping our great club alive for nearly 100 years now. Thank you. |
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timbo
Programmes Room Manager
QUO fan 4life.
Posts: 2,432
|
Post by timbo on Jan 17, 2021 14:47:15 GMT
Go here: find-and-update.company-information.service.gov.uk/company/00175954/filing-historyClick on view pdf on this item to find a full list of shareholders: 06 Sep 2019 Confirmation statement made on 6 September 2019 with updates View PDF (53 pages) Go down to page 50, shareholding no 742 and you are listed as owning 30 ordinary shares. So you own 30 / 983,990 or 0.003% of our football club. There has been talk of "ownership changing hands" in recent years, but that is only a percentage of the ownership - the controlling interest. The holdings of fans like Timbo have not changed hands although the percentage ownership they represent has been watered down as more shares have been issued. The face value or nominal value is what you paid for them - £30. You will note that you bought six £5 shares but now hold 30 £1 shares. That is because the share structure was simplified so that everybody had £1 shares rather than a mixture of 25p shares, £1 shares and £5 shares. It made no difference to the total share. The real value of anything is what someone is willing to pay you for it. If you had invested £30 with an investor's head on 38 years ago, you might expect that to have grown to a tidy sum. But buying shares in a football club like Torquay is not really an investment. The controlling interest changed hands for the princely sum of £1 on both of the last two occasions it was sold. That places the real value of Tim's shareholding at a lot less than 1p. But the real value Timbo is as a badge of honour. Many people like yourself have played a part in keeping our great club alive for nearly 100 years now. Thank you. [/quote] Thanks very much Jon. |
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Post by gateman49 on Jan 21, 2021 10:51:56 GMT
I was there as well, the meeting was held in an outbuilding up the hill from the Grammar School and it was all backs to the wall stuff (as it ever is with our club). I bought some shares as well and then later had the opportunity to double my holding when Mike Bateson had an appeal a few years later.
At least that entitles me to go to the AGMs and receive the (often gloomy) accounts!
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