United thread 2012/13 (inc merged IPO thread)

[SWP's back]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

If, as seems likely now, this IPO does indeed bomb, is a firesale of United's best players really a possibility? Surely it's in the best interests of the Glazers for United to be competitive on the pitch?

Depends on how much cash they have. If they really don't have the money and know they have 12-18 months left before the banks call time and the share price is $5-8 and selling would make no profit then it may be the only way for them to cash in before the cede control.

They usually make a profit until this last year, their dent repayments aren't going down by any considerable margin, the tax is going up to 35%, there will be no more tax credits. Another early exit from the CL would put the cat amongst the pigeons.

 

[Rammyblues]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

If, as seems likely now, this IPO does indeed bomb, is a firesale of United's best players really a possibility? Surely it's in the best interests of the Glazers for United to remain competitive on the pitch?

Thats why another article has sprung up regarding naming rights for the swamp 50m a year over 10 years.

 

[SWP's back]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

If, as seems likely now, this IPO does indeed bomb, is a firesale of United's best players really a possibility? Surely it's in the best interests of the Glazers for United to remain competitive on the pitch?

Thats why another article has sprung up regarding naming rights for the swamp 50m a year over 10 years.

That would sort them out no doubt.

 

[salfordpaul]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

If, as seems likely now, this IPO does indeed bomb, is a firesale of United's best players really a possibility? Surely it's in the best interests of the Glazers for United to remain competitive on the pitch?

Thats why another article has sprung up regarding naming rights for the swamp 50m a year over 10 years.

surely not, when we sold our stadium name, bobby "tout" charlton was making noises to any journo that would listen that manyoo wouldn t sink to those depths...because they're classy!!? not in my lifetime springs to mind again !

 

[simonmdm]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

Credit where credit is due, this share would make a great roller coaster.

 

[jrb]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

If, as seems likely now, this IPO does indeed bomb, is a firesale of United's best players really a possibility? Surely it's in the best interests of the Glazers for United to be competitive on the pitch?

Depends on how much cash they have. If they really don't have the money and know they have 12-18 months left before the banks call time and the share price is $5-8 and selling would make no profit then it may be the only way for them to cash in before the cede control.

They usually make a profit until this last year, their dent repayments aren't going down by any considerable margin, the tax is going up to 35%, there will be no more tax credits. Another early exit from the CL would put the cat amongst the pigeons.

From what I'm led to believe and have read, United have £70mill in cash, plus £40mill from season ticket sales? The figure currently banded about is £110mill.

And don't forget, we don't know how much Ewanick at Vauxhall ;-) agreed to sponsor United for without telling his bosses.(allegedly) Rumour has it it's between £50mill-£60mill a year, for seven years. Then there's the increase in PL money, etc.

Not only that, nobody knows what the Glazer's are up to behind the scenes. They must be bending every rule in the book to eke out every last penny.

 

[SWP's back]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

I don't know where you get £70m on cash before the sc money mate.

We'll see come September I guess.

 

[Prestwich_Blue]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

From what I'm led to believe and have read, United have £70mill in cash, plus £40mill from season ticket sales?

Be lucky to have £60m (with S/T money) in the 2012 accounts I reckon. That's compared to the £120-150m they've had in previous years.

 

[jrb]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

From what I'm led to believe and have read, United have £70mill in cash, plus £40mill from season ticket sales?

Be lucky to have £60m (with S/T money) in the 2012 accounts I reckon. That's compared to the £120-150m they've had in previous years.

Not crossing swords with you PB as you would cut me to ribbons on the subject matter. ;-)

The guff relating to the share offer stated.

As of June 30, 2012, we had approximately £70 million of cash and cash equivalents and approximately £437 million of borrowings outstanding.

I'm s*** at guessing and maths, but 52,000 season tickets x £800(average), gives roughly £40mill.(depending on...)

That's where the £110mill figure comes from.

Obviously I stand corrected. Feel free.

SWP. Here. <a class="postlink" href="http://www.retailroadshow.com/sys/docView.asp?i=1449" onclick="window.open(this.href);return false;">http://www.retailroadshow.com/sys/docView.asp?i=1449</a>

Also.

Risks Affecting Us
We are subject to numerous risks, including risks that may prevent us from achieving our business objectives or may adversely affect our business, financial condition, results of operations, cash flow andprospects. Please read the section entitled ‘‘Risk Factors’’ beginning on page 16 for a discussion of some of the factors you should carefully consider before deciding to invest in our Class A ordinary shares. In particular, we have and will continue to be subject to the challenges of operating in our industry. These challenges and risks include, among other things, competition for key players and other personnel, increases in operating costs, such as player salaries and transfer costs, and our ability to manage our growth efficiently. For example, net of profit on disposal of players’ registrations, we realized a loss from continuing operations in two out of the last three fiscal years (largely the result of finance costs that have since been significantly reduced through our deleveraging in fiscal year 2010). After giving effect to the use of proceeds from this offering, we would have had total indebtedness of £345.4 million as of March 31, 2012.
In addition, although we preliminarily estimate that our profit from continuing operations for our fiscal year ended June 30, 2012 was approximately £21 million to £23 million, such amount includes a tax credit estimated to be approximately £27 million to £29 million. Net of that tax credit, we expect that we would have realized a loss from continuing operations for our fiscal year ended June 30, 2012. See

 

[The Future's Blue]

Re: It's Going up, It's Going Down, It's erm.... Flatlining

Q: Whe are Chevvy paying the Rags 18 mil for the next 2 seasons when they are getting no frontline exposure?

A. Backhander, I guess!



Well done Chevvy, I'll never touch a product you'll ever have an alliance with.