United thread 2012/13 (inc merged IPO thread)

[Football guy]

If it goes ahead, yes that's exactly what will happen. However the underwriters will gauge interest and certainly won't want to be stuck with a load of over-valued shares.

Thanks mate for clearing that up , so we might see share's if undersuscribed sold at prices around $14? I think that will be a major blow for glazers , i find it logically hard to understand who will buy shares at such price which certainly overvalues the club so much around £2b , however , asuming if shares are listed at whatever value glazer's seek but if its values fall to say $10 after sometime , will it have any effect ? Or it won't matter at what price shares are being traded in future?

I'm not sure how it works with the underwriters getting a discount. But once the shares start trading, if they drop dramatically it has two impacts. The first is that it values the company a lot lower and the other is that it could stop any future placing.

Future placing??

What happens when glazers try to delist club in future? Do they have to give the money back then?

 

[JM Mcr]

Thanks mate for clearing that up , so we might see share's if undersuscribed sold at prices around $14? I think that will be a major blow for glazers , i find it logically hard to understand who will buy shares at such price which certainly overvalues the club so much around £2b , however , asuming if shares are listed at whatever value glazer's seek but if its values fall to say $10 after sometime , will it have any effect ? Or it won't matter at what price shares are being traded in future?

I'm not sure how it works with the underwriters getting a discount. But once the shares start trading, if they drop dramatically it has two impacts. The first is that it values the company a lot lower and the other is that it could stop any future placing.

Future placing??

What happens when glazers try to delist club in future? Do they have to give the money back then?

They'd just have to buy any shares they don't own back.

 

[Prestwich_Blue]

I'm not sure how it works with the underwriters getting a discount. But once the shares start trading, if they drop dramatically it has two impacts. The first is that it values the company a lot lower and the other is that it could stop any future placing.

Future placing??

What happens when glazers try to delist club in future? Do they have to give the money back then?

They'd just have to buy any shares they don't own back.

Not true. De-listing can be done as long as they own 75% of the shares (or votes in their case). It just means there's no open market for the shares and they can only be traded privately.

 

[SWP's back]

PB, what assurances are there for new investors that the Glaziers can't set the IPO for $16-20 (knowing it's likely to drop), get the cash, then impliment a de-listing, buying the shares for the new market value of $9.50 or whatever?

 

[gordondaviesmoustache]

PB, what assurances are there for new investors that the Glaziers can't set the IPO for $16-20 (knowing it's likely to drop), get the cash, then impliment a de-listing, buying the shares for the new market value of $9.50 or whatever?

Sounds like something off 'Hustle' ;-)

 

[JM Mcr]

Future placing??

What happens when glazers try to delist club in future? Do they have to give the money back then?

They'd just have to buy any shares they don't own back.

Not true. De-listing can be done as long as they own 75% of the shares (or votes in their case). It just means there's no open market for the shares and they can only be traded privately.

Really? I stand corrected, sorry. Isn't there also a cut off where they can force the remaining shareholders to sell? Seem to recall something about this when they bought out the club.<br /><br />-- Fri Aug 03, 2012 3:27 pm --<br /><br />

PB, what assurances are there for new investors that the Glaziers can't set the IPO for $16-20 (knowing it's likely to drop), get the cash, then impliment a de-listing, buying the shares for the new market value of $9.50 or whatever?

Sounds like something off 'Hustle' ;-)

Misread that initially, thought you were talking about your favourite magazine GDM ;-)

 

[gordondaviesmoustache]

Sounds like something off 'Hustle' ;-)

Misread that initially, thought you were talking about your favourite magazine GDM ;-)

My tastes are far, far less refined than that, JM.

 

[City Raider]

don't we need this to succeed? surely an unsuccessful offer leads us a step nearer to the glazers relinquishing ownership of the club?

 

[sweynforkbeard]

Just seen on Twitter - made me titter.

Hi@PhilJones just a quick question. United signed you but City signed Kun Aguero....how do you think it feels to be City?

 

[Ronnie the Rep]

Re: Just seen on Twitter - made me titter.

Hi@PhilJones just a quick question. United signed you but City signed Kun Aguero....how do you think it feels to be City?

Haha, I bet he is seriously considering the question