The Canaries Trust

An existing NCFC shareholder has just listed eight ordinary shares for sale on our website. The vendor is seeking offers at £70.00 per share and may, depending on the levels of interest received, be minded to split the holding. To make an offer, you will first need to register as a buyer using the below link. https://www.canariestrust.org/ncfc-shares The offer period closes at 5.00 pm Tuesday, 30th April

An existing NCFC shareholder has just listed twenty ordinary shares for sale on our website. The vendor is seeking offers at £80.00 per share and may, depending on the levels of interest received, be minded to split the holding. To make an offer, you will first need to register as a buyer using the below link. https://www.canariestrust.org/ncfc-shares The offer period closes at 5.00 pm Wednesday, 17th April

If you are genuinely interested in listing your own shares you can do so by using the link below and clicking on the green sell request button within the text. https://www.canariestrust.org/ncfc-shares

Tempting though it is, Duncan, for us to have a whip round to buy you a wooden spoon for your birthday, all flippant thoughts aside, the reality is that if a seller wants to list their shares, to test the market, that is, of course, their prerogative. It would also be inappropriate for us to bid on any listing, not least because we would probably be open to an accusation of insider trading.

Thanks for trying to get this back on track. I reckon that the bidding window closes at 5.00 pm on Wednesday. 😉

This is the ninth listing of ordinary shares for sale to appear on our website in the past year, all but one has so far successfully been completed. Quoting prices are always chosen by the seller and have ranged from £20.00 to £80.00 per share. Potential buyers are free to offer whatever they like and each listing to date has received a number of offers; ranging from below, at, or above the quoting price. February’s listing is now under offer and the transfer is ongoing. The bid period for this listing is open for seven days from today’s date and is already receiving bids. As these are private transactions we’re not able to disclose the final price information.

An existing NCFC shareholder has just listed four ordinary shares for sale on our website. The vendor is seeking offers at £80.00 per share. To make an offer, you will first need to register as a buyer using the below link. https://www.canariestrust.org/ncfc-shares The offer period closes at 5.00 pm (GMT) Wednesday, 20th March.

As interesting as the subsequent replies to your question are, Duncan, the simple answer is that this is an executor sale. The shares were listed because they wanted to “test the market” in order to ensure best value for the estate’s beneficiaries.

An existing NCFC shareholder has recently listed four ordinary shares for sale on our website. The vendor is seeking offers at £80.00 per share. To make an offer, you will first need to register as a buyer using the below link. https://www.canariestrust.org/ncfc-shares The offer period closes at 5.00 pm (GMT) on Thursday, 7th March.

At the risk of stating the obvious, as unlisted shares, they are worth whatever someone is willing to offer for them. Trying to make a logical assessment of worth is difficult, not that it will stop some people from trying. Mark Attanasio put down his marker in late 2022, but there’s plenty of other fans who’ll pay a higher price for small bundles of shares.

It’s simply the quoting price requested by the seller. The ultimate price may be higher, or lower, depending upon the levels of interest.

Buyers are requested to provide an indication of their likely bid price, but it doesn’t mean that they will make an offer. In fact, the vast majority of potential buyers don’t actually make a bid each time there’s a new share offer listed. All buyers receive an email when shares are listed by a seller, but it is their choice whether to bid, or not.

An existing shareholder has recently listed eight ordinary shares for sale on our website. The vendor is seeking offers over £50.00 a share. To make an offer, you will first need to register as a buyer using the below link. Bidding closes at 17.00, on 21st January. https://www.canariestrust.org/ncfc-shares

The Trust has just released the following statement in relation to the current situation at NCFC. https://www.canariestrust.org/trust-statement-november-2023

The Trust seeks members views on the resolutions being proposed at the forthcoming General Meeting. https://www.canariestrust.org/ngmoct23

In this instance - it’s probably advisable to restrict ourselves to professional answers only!

Inevitably there’ll always be limited number of people inside the club, and some working close to the company, who will know the potential share issue price, which may, once revealed, have an impact on on the trading price. Being in possession of that information isn’t an offence, nor is passing it on to others, in confidence, before disclosure happens. The point at which it becomes an offence is if that could be used to an unfair advantage by the possessors, but only if acted upon. Given that the company’s shares aren’t actively traded upon an authorised stock exchange, or trading platform, it would seem highly unlikely that an unfair advantage would be deemed to have occurred. Your arguments therefore seem to have zero substance in this instance.

And, yes, I appreciate it’s after midday…

Someone’s having a bad morning….

Before this thread degenerates into pure fantasy and idle speculation, this seller is a private individual with no inside knowledge, as alluded to by you.

Apologies for the typo, you are, of course, correct.

They’re unlisted securities, effectively worth whatever someone is willing to pay for them. The quoting price may put off some, but may be attractive to other potential buyers.

It’s a fair question, @Duncan Edwards. As a general point of principle, shareholders are free to choose whether they want to arrange their own private sale, invite an offer from the Trust, or, alternatively, list their shares on our website, quote whatever price they choose and invite offers. This is exactly what happened in this instance.