The Times article - Eddie Davies

[Sluffy]

5 minutes ago, Casino said:

I thought they were sub a penny when ED stepped in

Absolutely worthless

And im not having 87p, either

If they were, he shouldve sold

Chris has accidentally transposed the figures, Hayes states 78p in his book, which if you read the Bolton News article the day before the launch sounds more than reasonable, but conflicts to some extent to with what Kobeer has said above.

https://www.theboltonnews.co.uk/news/6181632.share-float-set-for-bumper-premium/

[Chris Custodiet]

8 hours ago, Sluffy said:

Chris has accidentally transposed the figures, Hayes states 78p in his book, which if you read the Bolton News article the day before the launch sounds more than reasonable, but conflicts to some extent to with what Kobeer has said above.

https://www.theboltonnews.co.uk/news/6181632.share-float-set-for-bumper-premium/

You are right. I had transposed 78P into 87P. Hard day yesterday!

Kobeer's account does sound authoratitive. I don't suppose he could have transposed a figure too.

70P would have accorded with my recollection but I wasn't  a shareholder at that time and there are bound to have been folk following it more closely than me.

When Eddie and David Speakman came in with a combined £1.25m in 1999, the loans were subject to an entitlement to convert loans into shares at approximately the then going rate of 10P per share.  The shares continued to fall in value though, before later being de-listed.

As I've said before, there was anti-Davies, pro-Anderson sentiment expressed at the AGM in May of last year with KA stepping in to defend Eddie. I would have concluded that there was a reasonably good relationship between them at that time. This was before relegation had been avoided in AW's finest hour and, of course, before the toxicity of the players strike in the summer that followed

Edited October 2, 2019 by Chris Custodiet

[Traf]

I always had it in my head that the shares were 64p or 67p when issued.

[Wardrobe]

Gerald would be absolutely pissing himself laughing if he knew his book was now being quoted on here.

[kobeer]

The closing mid-market price on 29 April 1997 was 46p. I believe this was the first day of trading after the merger / name change. (I've just checked this now on FactSet). On this day 4,269,049 shares in BL were traded. Previously the daily trade in Mosaic shares was in the tens of thousands. Don't forget this was not a new company, simply a name change for an existing company whose shares had been trading for years. The shares were suspended for a few weeks whilst the takeover went through. As Mosaic the shares hit £5.26 in 1987.

I was working as a stockbroker at the time and we received a daily, hard copy,  publication called the Stock Exchange Daily Official List (SEDOL). This listed all the prices traded throughout the day for each listed company. I'm pretty sure that some BL shares were traded at 87p during the day. Prices of shares change throughout the day but it's the closing price that is classed as that day's price when looking back.

The price during the day reflects the number of buyers and sellers and the number of shares available. The price quoted by market makers is only good for a number of shares , after that the price will change as they will have to find a buyer or seller to match with. For BL the normal market size was only 500 shares. Given the interest on the day there were more buyers than sellers initially - I took loads of execution only orders with no price limit set - and hence intraday the price got to 87p.

 

Edited October 2, 2019 by kobeer

[bolty58]

On 02/10/2019 at 00:23, MancWanderer said:

No day (or night) will ever beat that game for me

As I have said before, I blacked out for a few moments immediately after Frankies second one bulged the net - such was the surge of emotion. I had waited all my life to see us beat those bastards and to do it at their place was way beyond triple orgasmic.

Thanks to a BWFC club connection (yes Ricky - our mutual friend), I was with the toffs immediately adjacent to the DMB's directors box. They did not take to me at all 

[bolty58]

On 02/10/2019 at 00:38, Burndens Bogs said:

Hmm,Blackburn away in '78/ Hull away/Anfield/Highbury/Reading in the Play -off finals/Bayern are all up there for me.

'Twas a special night though agreed.I've seen us win at O.T. 3 times in my lifetime, The Worthy,The Nolan and The Ricketts.

They were all ace J but none can surpass that night at Old Trafford. I was floating on a cloud for days after that. Who the fuck needs class A's?

[Marc505]

2 minutes ago, bolty58 said:

They were all ace J but none can surpass that night at Old Trafford. I was floating on a cloud for days after that. Who the fuck needs class A's?

When someone finally discovers the lost footage from that game they want knighting.

[Chris Custodiet]

On 01/10/2019 at 17:23, MancWanderer said:

No day (or night) will ever beat that game for me

You were born too late. Just imagine the Mancs anticipation in 1957 of the first game at OT under their new floodlights only for their party to be spoiled by BWFC. I was there that night and I expect there would have been more than a few who remembered the BEN headline in 1939 'Wanderers soldiers to play United munitions workers' brutally mocking MU's response to the war effort.

Edited October 3, 2019 by Chris Custodiet