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Post by Big Jock on Feb 15, 2016 19:16:58 GMT
meanwhile in Italy................  |
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Post by Severncider on Feb 15, 2016 19:51:13 GMT
I've been told its called " Bed & Breakfast" when people move ownership of shares around No, a b & b transaction was done to achieve a capital loss in a tax year to reduce your liability to a tax charge on your remaining assets. I.e. If you are looking at capital gains of £100,000 in a tax year but you own shares which if you sold them, you may lose up to say £10,000 you would do so to reduce your overall cap gain to £90,000, which is what you would be charged a capital gain on. The trick is, you then buy them back at the lower price which creates a new start point for your next potential profit or loss. So you sell then repurchase the shares to create a tax loss but repurchase them so you don't lose your investment. Ive lost myself now. In fact I'm not even sure you can still do it. I've long since lost interest in it. If you put shares into a trust, you should not have a further beneficial interest in themLike cabinet member MP's. I gather they have to put investments into a "trust" and whilst held there they cannot dictate how they can be used.
Not sure this applies to a private company like BRFC.
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Post by garystash on Feb 15, 2016 20:24:10 GMT
If anyone wants a copy of these, send me a PM with your email address and I will send a copy. Have no idea how to upload the 30 page document to this forum. I am staggered that this info is not on the EP website, it usually is, but I'm not really surprised. To save severnciders inbox, you should be able to access the document on this link. |
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Post by Severncider on Feb 15, 2016 20:29:42 GMT
If anyone wants a copy of these, send me a PM with your email address and I will send a copy. Have no idea how to upload the 30 page document to this forum. I am staggered that this info is not on the EP website, it usually is, but I'm not really surprised. To save severnciders inbox, you should be able to access the document here. Garystash - Thanks for that.
I've just posted to everyone who requested it.
You can all access the document from Garystash link.
Enjoy.
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Post by dinsdale on Feb 15, 2016 20:40:45 GMT
I struggle to find % figures of share ownership in the accounts. They say he has 1.5m ordinary shares out of a total of about 4m which is more then 18%. Is it not just that his other shares are recorded differently to ordinary shares?
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Post by dinsdale on Feb 15, 2016 20:50:56 GMT
While everyone is waiting to find out what's happening off the field at our club, I thought people might be interested to hear a couple of interesting items from this years accounts. I have to to say the relevant bits have been scanned and sent to me so it could be someone else with an anti Higgs/ board agenda. We lost £950,000 last year up from £566,000 the previous year. However the most interesting feature so far is the directors holdings. Now. Previous year. NH. 18.4%. 54.2% BB. 11.5%. 11.5% EW. 1.75%. 2.21% CJ. 0.43%. 1.62% On the face of it, our board no longer hold a majority of shares. It begs the question who now has the 37% that seem to have gone walkabout. Holdings have reduced from 69% to 32%. Of course they could be held in trusts, or even now owned by someone not currently on the board or any number of scenarios. Curiouser and curiouser. Cant see this in the accounts i have read? What page number? |
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Post by Deleted on Feb 15, 2016 20:52:59 GMT
If anyone wants a copy of these, send me a PM with your email address and I will send a copy. Have no idea how to upload the 30 page document to this forum. I am staggered that this info is not on the EP website, it usually is, but I'm not really surprised. To save severnciders inbox, you should be able to access the document on this link. Ouch. |
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Post by curlywurly on Feb 15, 2016 20:53:44 GMT
As with last year, I'm more worried about ".....the existence of a material uncertainty, which may cast doubt on the group's ability to continue as a going concern."
Although we were all told not to worry about that last year.
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Post by Deleted on Feb 15, 2016 20:55:25 GMT
As with last year, I'm more worried about ".....the existence of a material uncertainty, which may cast doubt on the group's ability to continue as a going concern." Although we were all told not to worry about that last year. £6.5m of debt with £2.7m due for repayment in 4 months time. |
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Post by Deleted on Feb 15, 2016 20:56:07 GMT
I struggle to find % figures of share ownership in the accounts. They say he has 1.5m ordinary shares out of a total of about 4m which is more then 18%. Is it not just that his other shares are recorded differently to ordinary shares? I can't see the % either. |
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Post by Severncider on Feb 15, 2016 21:01:01 GMT
As with last year, I'm more worried about ".....the existence of a material uncertainty, which may cast doubt on the group's ability to continue as a going concern." Although we were all told not to worry about that last year. £7.5m of debt with £2.7m due for repayment in 4 months time. No problem, all taken care of by the new consortium/investors/Sainsbury, provide it all happens in the next four months. 
I'm now closing down my computer as I can image there will be a few questions!!!!!!!!!!!! from forum members.
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Post by gasincider on Feb 15, 2016 21:01:27 GMT
I struggle to find % figures of share ownership in the accounts. They say he has 1.5m ordinary shares out of a total of about 4m which is more then 18%. Is it not just that his other shares are recorded differently to ordinary shares? Dinsdale. You need to know the holdings from the previous set of accounts to figure out the %. Give me a few minutes and I will post them on here. |
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Post by inee on Feb 15, 2016 21:03:20 GMT
I don't have the full accounts, I've just repeated the bits sent to me. Of course it's a wind up. Mind you, l have now been accused of being anti Higgs by Newmarket for daring to say NH has reduced his shareholding. I also said others had as well, so it must now be an anti board rant. Hang on though B.B has the same number as last year so I'm being selective in my anti board agenda. GD's holding has increased by 100,000 according to what I have seen, so I must be looking to get GD made King of Jordan.It's only the directors and ex directors holdings that are shown, the rest are shared by everyone else plus the supporters club who I believe hold just under 6%. The accounts are to June 2015. if he's impersonating joran, surely that would make him Queen not King  |
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Post by inee on Feb 15, 2016 21:07:35 GMT
I think someone is misreading the posts. I haven't said 65% is missing. I said that the directors holdings have been reduced from 69% to 32% based on the accounts. I assume that all other holdings remain the same. The total equity give or take some purchased by the share scheme during the year is the same. Therefore 37% seem to have gone astray. I assume NH has stolen them coz I hate him so much. But the reality is, it could be they still own them in some other format that the accounts do not reveal. I just think that it is very interesting that so many seem to have been possibly disposed of, and in the current climate, could it be connected? It is really interesting, its a legal requirement that the club publish a list of anyone who owns more then 10%. My feeling is that the shareholding is the same but perhaps has been put into trust or the name of a buisness like Geoff did. what like a loan company , or a sex toy just josing |
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Post by madridgas on Feb 15, 2016 21:09:59 GMT
Here IMHO are some interesting facts from the accts:
- We lost £903k (before profit/loss on players) which was better than the £940k the year before
- Income was down £647k. Players wages were down £679k
- Admin expenses were up 65% (£156k...fees on the loans?)
- Players / Centre of excellence 66 down from 67. Playing staff showing as 40....including loans, who are all those players?
- Directors took no salary, nor any interest on loans totalling in excess of £1.7M although they did charge interest on their 1 and 3 year bonds.
- MSP CAPITAL LOAN is quoted at 1.2% !! Please someone query that at the AGM. Should it be 1.2% per month?
- REALLY SCARY IS THAT WE SPENT £1.1m ON THE UWE, WHICH IS NOT IN THIS YEARS LOSS.
- DOUBLE SCARY IS WE SPENT £940k LAST YEAR, WHICH IS NOT IN THAT LOSS
- THE DIRECTORS are showing a potential cost of the court case of £950K
- SO WHEN / IF WE LOSE THE CASE and IF WE CAN'T MOVE TO THE UWE we may need to write off £3M, VIRTUALLY WRITING OFF THE VALUE OF THE CLUB
and finally
- Player additions shows £55,469 ...Blissett?
Thanks SevernCider!
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Post by inee on Feb 15, 2016 21:12:28 GMT
I think someone is misreading the posts. I haven't said 65% is missing. I said that the directors holdings have been reduced from 69% to 32% based on the accounts. I assume that all other holdings remain the same. The total equity give or take some purchased by the share scheme during the year is the same. Therefore 37% seem to have gone astray. I assume NH has stolen them coz I hate him so much. But the reality is, it could be they still own them in some other format that the accounts do not reveal. I just think that it is very interesting that so many seem to have been possibly disposed of, and in the current climate, could it be connected? I've been told its called " Bed & Breakfast" when people move ownership of shares around Rollocks all these years i've believed it was an option for mp's only and involved luncheon vouchers not b and b's (although on reflection b n b probably doesnt include breakfast or that would be b and b and b) |
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Post by ricardo on Feb 15, 2016 21:14:21 GMT
As with last year, I'm more worried about ".....the existence of a material uncertainty, which may cast doubt on the group's ability to continue as a going concern." Although we were all told not to worry about that last year. It's standard wording you will find in most football clubs accounts. |
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Post by gasincider on Feb 15, 2016 21:16:50 GMT
I struggle to find % figures of share ownership in the accounts. They say he has 1.5m ordinary shares out of a total of about 4m which is more then 18%. Is it not just that his other shares are recorded differently to ordinary shares? I'll try to keep it as easy as I can. June 14 accounts. June 15 Accounts Total issued shares. 8,154,720. 8,167,690 (page 21) Individual holdings NH. 4,419,828. 54.2% 1,500,000. 18.36% BB. 938,293. 11.51% 938,293. 11.5% EW. 261,456. 3.21% 142,857. 1.75% CJ. 132,192. 1.62% 35,714. 0.43% Obviously then you take a measure of their shares over the issued share capital for the relevant year and multiply by 100 to give you the percentage. Hope this posts ok. |
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Post by peterparker on Feb 15, 2016 21:18:30 GMT
Here IMHO are some interesting facts from the accts: - We lost £903k (before profit/loss on players) which was better than the £940k the year before - Income was down £647k. Players wages were down £679k - Admin expenses were up 65% (£156k...fees on the loans?) - Players / Centre of excellence 66 down from 67. Playing staff showing as 40....including loans, who are all those players? - Directors took no salary, nor any interest on loans totalling in excess of £1.7M although they did charge interest on their 1 and 3 year bonds. - MSP CAPITAL LOAN is quoted at 1.2% !! Please someone query that at the AGM. Should it be 1.2% per month? - REALLY SCARY IS THAT WE SPENT £1.1m ON THE UWE, WHICH IS NOT IN THIS YEARS LOSS. - DOUBLE SCARY IS WE SPENT £940k LAST YEAR, WHICH IS NOT IN THAT LOSS - THE DIRECTORS are showing a potential cost of the court case of £950K - SO WHEN / IF WE LOSE THE CASE and IF WE CAN'T MOVE TO THE UWE we may need to write off £3M, VIRTUALLY WRITING OFF THE VALUE OF THE CLUB and finally - Player additions shows £55,469 ...Blissett? Thanks SevernCider! And we owe Wonga 2.7 million |
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Post by dinsdale on Feb 15, 2016 21:19:39 GMT
Yes thanks
Finances make horrid reading
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