watford FC for sale!!

[sturgeon220 0]

  SSN  reporting chairman and Majority shareholder have put the club up for sale (new major investor)  I wonder whay value they have put on the club?

[National express super guard 0]

they offered it me but i''d just spent my last fiver. why do i care about watford!!!! they were just in premiersh*t so bound to be worth more than us

[InLambertWeTrust! 0]

http://news.bbc.co.uk/sport1/hi/football/teams/w/watford/7487952.stm

[jetstream 0]

Story dated 28th of April 2008....your point is?

[jetstream 0]

Apologies - THIS story is dated 25th April:

http://news.bbc.co.uk/sport1/hi/football/teams/w/watford/7367119.stm

[InLambertWeTrust! 0]

I posted it intending for people to think that OUR club was up for sale.

[canary cherub 1]

But as it happens there is news from Watford today.  The talks they have been having since April with an unnamed third party have come to nothing.

What''s relevant to us is that the story says they have informed the Takeover Panel.

Also that the club is still up for sale and they are still in a "formal offer period" in accordance with regulations.

Anyone know anything about the Takeover Panel and how it relates to our situation?

 

[Camuldonum 0]

[quote user="Fat Prophet"]

But as it happens there is news from Watford today.  The talks they have been having since April with an unnamed third party have come to nothing.

What''s relevant to us is that the story says they have informed the Takeover Panel.

Also that the club is still up for sale and they are still in a "formal offer period" in accordance with regulations.

Anyone know anything about the Takeover Panel and how it relates to our situation?

 

[/quote]

Watford have public shares - Watford Leisure PLC which are traded.  They zoomed up to 33p when news of the bid were around but are currently 18.75p.  That''s why they have to inform the Takeover Panel.  Doesn''t affect you in the same way.

Interestingly West Brom have effectively put themselves up for sale with their Chairman saying a week or so ago that if they are to have any hope of staying in the Premier League they need to find more heavyweight investors than him - that was read as a "Come and Buy Us" invitation.  He hasn''t got that much money, apparently.

[canary cherub 1]

[quote user="camuldonum"][quote user="Fat Prophet"]

But as it happens there is news from Watford today.  The talks they have been having since April with an unnamed third party have come to nothing.

What''s relevant to us is that the story says they have informed the Takeover Panel.

Also that the club is still up for sale and they are still in a "formal offer period" in accordance with regulations.

Anyone know anything about the Takeover Panel and how it relates to our situation?

 

[/quote]

Watford have public shares - Watford Leisure PLC which are traded.  They zoomed up to 33p when news of the bid were around but are currently 18.75p.  That''s why they have to inform the Takeover Panel.  Doesn''t affect you in the same way.

Interestingly West Brom have effectively put themselves up for sale with their Chairman saying a week or so ago that if they are to have any hope of staying in the Premier League they need to find more heavyweight investors than him - that was read as a "Come and Buy Us" invitation.  He hasn''t got that much money, apparently.

[/quote]

Thanks for that Camul.

So . . . Watford''s shares are worth a few pence but ours are supposedly worth £30?  How does that work then?  My brain hurts . . . [:S] [8-)]

 

[sxcanaree 0]

By matter of interest the 32.7% shareholder in Watford who is selling his shares Lord Ashcroft is a Norwich boy (went to the proper Norwich School not the Cows National S***house like Cullum).

Perhaps the reason why he is selling is so that he can invest in Norwich! After all he ticks all of the Archant boxes and whats more he has the experience of investing in a club down on their luck, riding through the goodtimes and walking away as the going gets tough!

Surprised thta Smudger and First Wizard haven''t already called for Delia to do a share swap![:D]

[Show Me What You Gooot! 0]

If Watford is still for sale I''ll bid £50.

[Camuldonum 0]

[quote user="Fat Prophet"][quote user="camuldonum"][quote user="Fat Prophet"]

But as it happens there is news from Watford today.  The talks they have been having since April with an unnamed third party have come to nothing.

What''s relevant to us is that the story says they have informed the Takeover Panel.

Also that the club is still up for sale and they are still in a "formal offer period" in accordance with regulations.

Anyone know anything about the Takeover Panel and how it relates to our situation?

 

[/quote]

Watford have public shares - Watford Leisure PLC which are traded.  They zoomed up to 33p when news of the bid were around but are currently 18.75p.  That''s why they have to inform the Takeover Panel.  Doesn''t affect you in the same way.

Interestingly West Brom have effectively put themselves up for sale with their Chairman saying a week or so ago that if they are to have any hope of staying in the Premier League they need to find more heavyweight investors than him - that was read as a "Come and Buy Us" invitation.  He hasn''t got that much money, apparently.

[/quote]

Thanks for that Camul.

So . . . Watford''s shares are worth a few pence but ours are supposedly worth £30?  How does that work then?  My brain hurts . . . [:S] [8-)]

 

[/quote]

Because yours are private shares and the seller can decide the selling price whereas the "market" on public traded shares via brokers sets the selling/buying price.

It also depends on how many shareholders they have at whatever the current value is.  As it''s Watford I cannot be bothered to go into it!

[Syteanric 1]

[quote user="Fat Prophet"][quote user="camuldonum"][quote user="Fat Prophet"]

But as it happens there is news from Watford today.  The talks they have been having since April with an unnamed third party have come to nothing.

What''s relevant to us is that the story says they have informed the Takeover Panel.

Also that the club is still up for sale and they are still in a "formal offer period" in accordance with regulations.

Anyone know anything about the Takeover Panel and how it relates to our situation?

 

[/quote]

Watford have public shares - Watford Leisure PLC which are traded.  They zoomed up to 33p when news of the bid were around but are currently 18.75p.  That''s why they have to inform the Takeover Panel.  Doesn''t affect you in the same way.

Interestingly West Brom have effectively put themselves up for sale with their Chairman saying a week or so ago that if they are to have any hope of staying in the Premier League they need to find more heavyweight investors than him - that was read as a "Come and Buy Us" invitation.  He hasn''t got that much money, apparently.

[/quote]

Thanks for that Camul.

So . . . Watford''s shares are worth a few pence but ours are supposedly worth £30?  How does that work then?  My brain hurts . . . [:S] [8-)]

 

[/quote]

because our board will dig their heels in as they dont want the dream to end...

jas :)

[dhickl 0]

[quote user="Fat Prophet"][quote user="camuldonum"][quote user="Fat Prophet"]

But as it happens there is news from Watford today.  The talks they have been having since April with an unnamed third party have come to nothing.

What''s relevant to us is that the story says they have informed the Takeover Panel.

Also that the club is still up for sale and they are still in a "formal offer period" in accordance with regulations.

Anyone know anything about the Takeover Panel and how it relates to our situation?

 

[/quote]

Watford have public shares - Watford Leisure PLC which are traded.  They zoomed up to 33p when news of the bid were around but are currently 18.75p.  That''s why they have to inform the Takeover Panel.  Doesn''t affect you in the same way.

Interestingly West Brom have effectively put themselves up for sale with their Chairman saying a week or so ago that if they are to have any hope of staying in the Premier League they need to find more heavyweight investors than him - that was read as a "Come and Buy Us" invitation.  He hasn''t got that much money, apparently.

[/quote]

Thanks for that Camul.

So . . . Watford''s shares are worth a few pence but ours are supposedly worth £30?  How does that work then?  My brain hurts . . . [:S] [8-)]

 

[/quote]

Simple maths - it depends on how many shares have been issued.   

Norwich''s net assets on the balance sheet are £16m, that is 533,333 shares at £30 (total of £16m)

Watford''s net assets on the balance sheet is £9m (Yes Norwich has more assets than Watford), there are 43,885,693 share so you would expect them to be about 20p, they are currently 19p.

(Before someone says that you don''t work out share value like that, I know but that is a simple way to answer the question, rather than looking at more complex calculations like EBITA, etc.)

[blahblahblah 2]

Hmm - There''s a lord someone or other, forget his name, he''s one of Watford''s major shareholders and oddly enough, a Norwich fan to boot.  Could it be he''s selling up his Watford shares to take a punt closer to home ?