Recent content by Pitch87

Haha, this is probably a wind-up but on the off chance it isn't, so if you were asked to invest £1000 in a property deal, you would consider doing so without knowing what the property is valued at? That's just nonsense. Back to the real world...

Agreed it's not a valuation exercise, it is about new investment but if that investment comes in the form of equity (particularly if it's from an outside investor) there has to be a valuation at which that investment takes place (whoever is putting that money in has to know what they're getting...

Very possible, could well be Doug but strange to change MO.

Not an expert on PSR but think that restricts losses (not amount of debt). Interest free loans have no impact on P&L (losses).

Yes could be Doug, fully agree but why issue new shares when the previous new money (£30m+) that Doug has invested post acquisition has come from interest free loans? If you own 100% you don't need to issue new shares (unless for specific reasons like tax which isn't my area) as dilution isn't...

That's the definition of the equity value. We may not agree that it is a rationale valuation by normal metrics but a willing buyer has paid that to a willing seller, hence fair market value. The number of shares multiplied by the price per share is the equity value.

It's £15m for a 10% stake (calculation above).

It more than implies, it's a factual calculation.

Looks like an external investor has invested £15m and now owns 10% of the club. The calculation is 11,000,000 original shares + 1,222,222 newly issued shares =12,222,222 total shares. 1,222,222 shares therefore equates to 10%. The £15m looks like it has gone into the company (rather than out...