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Post by Deleted on Dec 9, 2014 14:00:46 GMT
An interesting line to come out of the prospectus for the share sale:
Dating back to our first league championship in 1908 through present day, where we have earned a record number of English League titles and FA Cups, we have enjoyed a rich tradition of football excellence. We believe our many years of on field success coupled with an iconic stadium and high level of fan engagement has driven our leading global brand. We are well positioned to continue reinvesting our free cash flow in brand enhancing initiatives. Our brand begins with strong on field performance, and we remain committed to attracting and retaining the highest quality players for our first team and coaching staff. To maintain our high standard of performance we anticipate a higher level of net player capital expenditures and player wages to retain talent and enhance the caliber of our team in the near term.
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Post by Kaushik on Dec 9, 2014 14:05:49 GMT
Think surely we are going to spend big again this summer, Things in prospectus cannot be wrong
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Post by StrikerMo on Dec 10, 2014 11:14:15 GMT
dropped to 14.78 in one day... That's down 1.65 or 10.04%. Biggest daily drop I've seen in 14 months. I hope it keeps falling. I'll be able to recoup my shares and keep my profit margin.
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Post by Deleted on Dec 10, 2014 16:02:28 GMT
You don't receive any dividends, do you?
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Post by StrikerMo on Dec 10, 2014 16:57:32 GMT
not a chance!
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Post by Deleted on Dec 11, 2014 1:45:00 GMT
So did you buy stock because you were hoping to get that money back later on when the market price went up or was it more of a "I want to invest in the club I support" type of thing?
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Post by StrikerMo on Dec 11, 2014 11:41:11 GMT
I bought it when it was first listed at around 12.00 per share, so I'm already in the black. The shares I sold yesterday were just a quick dump when I knew the share price was going to plummet. I re-invested yesterday at around 14.35 and today the price jumped to 15.20. It was a bit of both. I knew the IPO opened too low and was going to increase, and I also wanted the novelty of being able to say I own a piece of United. It's something not many people are able to do with the clubs they support- here in the States at least. (Unless you're a Packers fan)
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Post by Deleted on Dec 11, 2014 15:29:34 GMT
Nice. I'd like to get into the stock market but I'm already restricted on funds as it is. Need to keep an eye on those IPO's
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Post by StrikerMo on Dec 12, 2014 10:34:52 GMT
Just invest a little at a time... I remember trying to find money to invest when I was in school for the first time. It's tough when you're in college I know. It's never too early to start dropping money in a mutual fund or nice safe S&P ETF fund.
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Post by StrikerMo on Dec 15, 2014 17:15:35 GMT
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Post by Kaushik on Feb 12, 2015 14:43:38 GMT
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Post by StrikerMo on Feb 17, 2015 10:30:00 GMT
no surprise there...
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Post by Deleted on Apr 16, 2015 13:25:53 GMT
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Post by Jie on Apr 23, 2015 16:36:33 GMT
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Post by Deleted on Apr 24, 2015 8:01:20 GMT
Typical agenda-driven fan group nonsense. Question spending relative to turnover vs our rivals is pointless without considering the same scenario pre-Glazer. United's spending relative to turnover has been pretty much unchanged in the last 20 years.
£1bn taken out of the club is exaggerated to say the least, it's still a hell of a lot of money obviously and nobody wants to see that money gone but they don't even acknowledge the commercial growth that offsets a lot of it - United's commercial turnover in 1997 was £39.8, in 2003 it was £46.2m, pretty much stagnant when you consider the Nike deal kicked in in between and it still barely increased. 6 years into the Glazer ownership and commercial turnover broke the £100m barrier and is now pushing £200m. When you look at the growth pre-takeover it's safe to say we wouldn't have grown that drastically.
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