So far this financial year they've spent nearly £225m more cash than they brought in up to 31st March. For comparison it was just over £50m at the same point in 2019. They'll be eating beans on toast by the end of next month. And counting out the beans to make them last.
OK-ish. Was above $20 at the beginning of the year but hit $12.50, one of its lowest ever points, 2 months ago when the football stopped. Up to around $15.50 currently.What's the share price doing?
So to a thicko like me, can you confirm that means Manchester united is valued at 25% less than it was five months agoOK-ish. Was above $20 at the beginning of the year but hit $12.50, one of its lowest ever points, 2 months ago when the football stopped. Up to around $15.50 currently.
That's correct. The share buy-back was announced a couple of months ago to prop-up the price but there wasn't much money involved and it's not clear how many shares have been bought as part of that. Less than 2 years ago the share price was over $25 so they've dropped 40% since then.So to a thicko like me, can you confirm that means Manchester united is valued at 25% less than it was five months ago
I thought the owners had bought a stack of shares to keep the price up, or is that reflected in the $12 now $15?
That's correct. The share buy-back was announced a couple of months ago to prop-up the price but there wasn't much money involved and it's not clear how many shares have been bought as part of that. Less than 2 years ago the share price was over $25 so they've dropped 40% since then.
Nearly lost half their value in just under 2 years..
Oooh, that's a real shame..!
What a lovely way to start the day, reading that..
TICK TOCK..!