It definitely doesn't. It was the same in reverse when the Glazers took over and delisted United off the FTSE. the public shareholders got the premium price and that was it.
Club Sale | It’s done!
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It’s 9:30 almost and there hasn’t been a single UK journalist do a story after last night? They’ve surely spoken to the club and for them to stay quiet would suggest something is happening in my opinion
The club/journalists could squash this story in 2 minutes but haven’t
Done dealio makes a return
Potentially missed most of the upside.
Now at $26 and climbing…
Absolutely, this is my stance or has been over the years. However, to be fair I am somewhat guilty for a good cause. I have purchased some United kits to indoctrinate the grandkids. Their dad is a massive Liverpool fan.
So no done deal and the market is reacting to the same tweets we are in here then.
So it's basically traders gambling on a Qatar takeover?
If the Qataris buy the Glazer shares they will own all the voting rights and the majority of all shares, the percentage they need depends on whats in the club's articles of incorporation, but they can then force the rest of the shareholders to sell at fair price if it comes down to it.
edit: fair price is not the same thing as market price. I'm not a lawyer but the price would be decided by lawyers. Probably somewhere between the Glazer price and the market price at the time.
And nowhere have I argued or suggested anything else.
I am just trying to understand people’s thought process for their decisions. I was from the mindset initially that I wouldn’t set foot in the grind if the Qataris won the bid and will admit that I have changed my mind.
My change in stance though is nothing to do with my support of or for Qatar. It is purely my stance of going to United games both at home, away and abroad with my mates, which I am not prepared to stop yet.
Share price went up long before the tweets if I’m remembering correctly
It is this exactly and that gamble is based on some Qatari media sources (I have no idea how reliable or unreliable they are) saying they think the takeover has been successful.
Thanks this is the answer I was looking for and the point I was making. Glazers can’t decide the price for what isn’t theirs.
You need to find other options to buy your kits.
There are plenty. For a lot cheaper and just as good. Especially for kids
Announce Jassim you rat-tailed fecks!
If the share price rose before speculation had run wild it would have, but the movement in the United stock has been shown time and again to react to public information, not predict it.
These shares are not held by sophisticated investors with an inside track, so suggesting movement in the price is indicative of anything other than Twitter rumours is ridiculous.
I’m not saying this news from Qatar isn’t true or doesn’t mean anything (I’ve no idea either way tbh), but the stock is reacting to that. It’s like suggesting that the page count of this thread is meaningful to whether something is happening.
Actually i edited the answer. Fair price is not the same thing as market price. I'm not a lawyer but the price would be decided by lawyers. If the market price shot up after the Glazer shares were bought, the price paid for the rest would probably be somewhere between the Glazer price and the market price at the time.
Insider trading is a thing though.
The volume is pretty huge for this early trading. Nearly 10% of day market already.
Apparetnly its SJR who's a hot favourite still.
Your strawman ain't fooling me buddy
According to who?
Announce Jim.
Looks like Glazers were a year too late in deciding to sell then. Probably could have got 8b last year
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Multiple reports.
It doesn't, it's pure speculation. I work closely with traders and without giving too much away they held some shares a while back and sold when the price went up. They have worked with Raine on a few deals before and they know nothing at all. In fact they think Jim will win and have held that view for a while now.
Share price without solid insider trading is just pure guess work.
Post them then.
They were in Saudi for discussions before Saudi bought Newcastle. Might have pitched something crazy and got told off.
Keep telling yourself that.
Sure. In a minute.
Imagine being this boring of a reporter. At least make some shit up like the rest of them.
Those who won't spend a penny on/at the club - Didn't Jassim say early in this process that no money would be taken out of the club? As in all money made would be put back into the club and community? Wouldn't that imply that even if it was a state bid they wouldn't be gaining monetarily directly from us?
(I may have dreamed this up)
(I may have dreamed this up)
That’s impossible based on share price, his victory would see shares dive not rise like this !
It looks like a a tweet from Qatar is causing it and a few others re tweeting it.
Shares dont mean a thing. You all hooked on the news like its over.
Could be, but the movement on the stocks tells otherwise. Let us see, it is somewhat exciting now
I know next to nothing about the stock market. Is it actually significantly affected by shite posted on twitter?
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