Rather surprised at the current price...no voting rights and surely not expecting to get any significant dividends ??
Aye, but a chance to steal a march on other investors when the Glazers actually do a full sale, and extract a fair bit of money if Qatar or some other rich punter charges in with a silly offer. Not unheard of either - Amazon had a massive market value for years despite making huge losses for almost a decade. People knew that even tho they weren't going to get anything in the short term, at some point in the future selling books over the internet was going to be a good idea
the stock market doom>>>>>what a shocker for man utd football club.....the glazers mussed be pissing themselves at your clubs expence
I think the share price would be higer if the the glaziers were not such shady ****s But what the fk do I know. I don't even know how much is in my back account right now
this will end in a right mess for man utd .....how much dept u in at the moment lads thank fk for the plastic man utd fans keeping the club monies going in the glazers pockets.
I don't often make it a habit of including recent IPO's on the new-high list, but I'll make another rare exception for the nightmare that is Manchester United (NYS: MANU) . For starters, the precedent that has been set for sports teams as tradable entities isn't good. As my Foolish colleague Travis Hoium pointed out just yesterday, multiple teams from MLB and the NHL have gone bankrupt in recent memory, with other sports sharing in the growing pains. In short, very few sports clubs are actually successful money makers. Manchester United has held up well enough that it grew operating earnings 2.5% so far in 2012 after seeing profits decline 1.6% in 2011 -- but does that really justify a $2.3 billion valuation? Furthermore, the current owners' obscene buyout of the club in 2005 leaves Manchester United with a crippling $2 billion in debt. The offering would have been a nice way to at least make a small dent into that, but the owners instead chose to keep half of the offering profits for themselves while using the remainder to pay down debt. This is exactly why "Bang head here" signs exist! It's no secret that in its short time as a publicly traded company ManU has garnered the universal hatred of CAPS players -- just three outperform votes compared with 136 underperforms as of this writing -- and you can add me among the majority who feels this is destined for mediocrity at best. Foolish roundup Debt, dividends, and divas are the killer Ds this week. Until Manchester United tackles its debt problem, SemGroup divvies out a dividend, and Google deals with its mobile-centric CPC declines, these three companies will remain on my naughty list.
^^^ that aint me init some fkr thats knows more about it than us fk wits......man utd the glazers cash cow
Ah, you gotta feel for the City fans. First title in almost half a century and all they care about is our share price. Always In Our Shadow
Stopped reading there, he's off by about 1.5 Billion. Also I am smarter than most "financial experts". I was bitching about how stupid the housing market was for years before the crash.
