Donkey dangler 0 Posted October 30, 2016 Remember this: http://www.norwich.vitalfootball.co.uk/forum/forums/thread-view.asp?tid=18548So can any of us buy NCFC ordinary shares for £1 each rather than £100 of a year ago? Share this post Link to post Share on other sites
TIL 1010 4,737 Posted October 30, 2016 There used to be a poster on here called Tangible Fixed Assets who was in regular correspondence with Companies House usually surrounding Form 228b but he got banned for being a Bolshie Budgie. He may have been able to help you with your question. Then again maybe you know him. [:D][;)] Share this post Link to post Share on other sites
Johnny Stump 1 Posted October 30, 2016 Did I miss out on selling my shares for a £100 each then?! Share this post Link to post Share on other sites
nutty nigel 7,528 Posted October 30, 2016 I gave two thirds of mine away. We now have a nutty dynasty... Share this post Link to post Share on other sites
Duncan Edwards 2,231 Posted October 30, 2016 PRIMARK do dodgy black jumpers for a quid and pretty sure Head and Shoulders is available in 99p stores amongst other branded products. Their stock has fallen somewhat since Joe Hart moved to Italy. Share this post Link to post Share on other sites
lappinitup 629 Posted October 30, 2016 [quote user="Donkey dangler"]Remember this: http://www.norwich.vitalfootball.co.uk/forum/forums/thread-view.asp?tid=18548So can any of us buy NCFC ordinary shares for £1 each rather than £100 of a year ago?[/quote]Hmm! It''s definitely worth investigating.........Let''s start here.........http://services.pinkun.com/forums/pinkun-forums/cs/forums/3414622/ShowPost.aspxThe link leads us to the Vital Football site and a thread started by, as Tilly says, a poster called Bolshie Budgie.Now we all know "Bolshie Budgie" is Crafty Canary''s brother (I once posted a pic on here taken from the Jarrold stand wall) and Crafty verified it.We also know the infamous "Tangible Fixed Assets anyone?" is also Crafty''s bro.Conclusion......."Donkey dangler" is definitely the reborm "Tangible Fixed Assets anyone?".Welcome back Tangy, we''ve missed you. [Y] [:D] Share this post Link to post Share on other sites
Crafty Canary 495 Posted October 30, 2016 The trouble many people have with simple arithmetic is clearly demonstrated by the ability to make 2+2=5. Share this post Link to post Share on other sites
TIL 1010 4,737 Posted October 30, 2016 And as sure as night follows day. You took your time Crafty as we have been expecting you. [:D] Share this post Link to post Share on other sites
TIL 1010 4,737 Posted October 30, 2016 [quote user="lappinitup"][quote user="Donkey dangler"]Remember this: http://www.norwich.vitalfootball.co.uk/forum/forums/thread-view.asp?tid=18548 So can any of us buy NCFC ordinary shares for £1 each rather than £100 of a year ago?[/quote]Hmm! It''s definitely worth investigating.........Let''s start here.........http://services.pinkun.com/forums/pinkun-forums/cs/forums/3414622/ShowPost.aspxThe link leads us to the Vital Football site and a thread started by, as Tilly says, a poster called Bolshie Budgie.Now we all know "Bolshie Budgie" is Crafty Canary''s brother (I once posted a pic on here taken from the Jarrold stand wall) and Crafty verified it.We also know the infamous "Tangible Fixed Assets anyone?" is also Crafty''s bro.Conclusion......."Donkey dangler" is definitely the reborm "Tangible Fixed Assets anyone?".Welcome back Tangy, we''ve missed you. [Y] [:D][/quote] Share this post Link to post Share on other sites
Crafty Canary 495 Posted October 30, 2016 Is that organ music I can hear? There are certainly plenty of monkeys dancing on here tonight. Share this post Link to post Share on other sites
TIL 1010 4,737 Posted October 30, 2016 [quote user="Crafty Canary"]Is that organ music I can hear? There are certainly plenty of monkeys dancing on here tonight.[/quote] Share this post Link to post Share on other sites
nutty nigel 7,528 Posted October 30, 2016 I''m just surprised Crafty can still grind out a tune on his... Share this post Link to post Share on other sites
lappinitup 629 Posted October 31, 2016 Back to Tangy''s original question which he has now posted three times (once on Vital and twice on here), I quote as follows......."According to the Accounts that have just been published 200 ordinary shares were issued for an average of £1 each with no premium. In the previous year they were issued for an average of £100 each (i.e., the premium was £99 per share). Given that there is a Fiduciary duty to all shareholders I am somewhat surprised to see shares being issued for £1 each during the last financial year. May be the board can explain this at the next AGM."As I see it, Tangy is very unlikely to get the answers he craves either on here or on Vital so I suggest he (1) attends the AGM in person to ask the board directly or (2) he contacts the Canaries Trust who boast of "giving the fans a voice", to ask on his behalf.As ever, always happy to help.Lapps. Share this post Link to post Share on other sites
Iwans Big Toe 312 Posted October 31, 2016 I am actually quite interested to find out how this pans out. Are the £1 shares available to all and sundry or do only individuals with familial ties to current board members or those deemed "worthy" enough have the option to purchase them? If they are available to the general public how would I go about purchasing them? I ask this as I like the sound of owning two or three hundred shares in the club. Also, if I were to buy a couple of hundred £1 shares does that automatically guarantee me a seat on the board? If so who would I replace, Tom or Stephan? Share this post Link to post Share on other sites
Jim Smith 2,317 Posted October 31, 2016 Sorry if I am being stupid but is the point the OP is hinting at here that the newly issued shares (presumably to Ball and nephew Tom) we issued for £1 which is much lower than any shares have previously been valued?Personally I would like clarity as to who the other director is who is being paid. If a shareholder asks that at the AGM does anyone know if they are obliged to answer? Share this post Link to post Share on other sites
TCCANARY 263 Posted October 31, 2016 "Iwan''s Big Toe" Also, if I were to buy a couple of hundred £1 shares does that automatically guarantee me a seat on the board?As they purchased their shares after they joined the board I think the answer is no. Share this post Link to post Share on other sites
nutty nigel 7,528 Posted October 31, 2016 I''d ask someone at the club. They were really helpful to me with turning my shares into a dynasty. I don''t think there''s anyone on here with the answers you''re looking for. Share this post Link to post Share on other sites
It's Character Forming 1,160 Posted October 31, 2016 To answer this question (about how these shares have been allotted) you''d need to look at the company''s articles of association, specifically the section dealing with the process for the allotment of shares. The articles are a public document available via Companies House, although you''d probably have to shell out a few quid for a copy. Does anyone have a copy of the company articles ? I am pretty sure this is a complete non-story so I can''t be bothered, but if someone else wants to get a copy and post the relevant section then we''d be able to answer the question. Oh, and being a director has nothing to do with being a shareholder. The annual return filed at Companies House will show the shareholders. Share this post Link to post Share on other sites
nutty nigel 7,528 Posted October 31, 2016 Or not bother to do all that and ask someone at the club... Share this post Link to post Share on other sites
Jim Smith 2,317 Posted October 31, 2016 I don''t believe that there is any legal requirement to charge a premium when issuing new shares, its presumably at the discretion of the board?I think though the point that is being made here is that not doing so is inconsistent with recent practice by the club (e.g. with the supporters trust or other fans who have bought in recent years) who had they bought the same amount of shares last year would have had to have paid £20,000 for them. Share this post Link to post Share on other sites
Jim Smith 2,317 Posted October 31, 2016 when I say last year I mean in the previous financial year.Once could take the view that this approach has reduced the number of shares that the supporters trust has been able to buy in the club whereas others have subsequently been able to pick up shares for a much lower price. Share this post Link to post Share on other sites
Crafty Canary 495 Posted October 31, 2016 That is precisely the point Jim. Why are the hoi polloi expected to shell out £100 per share but Delia''s relations and sundry cronies get them for a £1 a piece? You might think that a proud socialist like Delia would want to see the masses treated equitably. Nothing like the champagne socialists to do as they please. Share this post Link to post Share on other sites
TCCANARY 263 Posted October 31, 2016 [quote user="Crafty Canary"]That is precisely the point Jim. Why are the hoi polloi expected to shell out £100 per share but Delia''s relations and sundry cronies get them for a £1 a piece? You might think that a proud socialist like Delia would want to see the masses treated equitably. Nothing like the champagne socialists to do as they please.[/quote]Very ungracious, the politics of envy. Share this post Link to post Share on other sites
Iwans Big Toe 312 Posted October 31, 2016 [quote user="TCCANARY"][quote user="Crafty Canary"]That is precisely the point Jim. Why are the hoi polloi expected to shell out £100 per share but Delia''s relations and sundry cronies get them for a £1 a piece? You might think that a proud socialist like Delia would want to see the masses treated equitably. Nothing like the champagne socialists to do as they please.[/quote]Very ungracious, the politics of envy.[/quote]All Norwich City fans are created equal, but some are more equal than others. Share this post Link to post Share on other sites