Simplistic

Based on that sum it was worth roughly ?30 per share last May.

BUT:

no-one actually knows what the value of the tangible fixed assets is because they haven't been revalued. The board say they are worth more than the value stated in the accounts
the intangible fixed assets were worth ?2.25 million in the accounts. But from what we read in the press Clingan on his own is worth more than that.
So probably the accounts undervalue the club.

Against that the value is reduced by the fact that the club loses ?10,000 per day. And the value of the tangible fixed assets must have fallen.

So I don't think anyone on here is in a position to judge the value of the club. We know this is an issue that Cullum and the Wynn-joneses disagreed on.

So without knowing the value of the club no-one is in a position to say whether ?30 is fair or not.

Posted By: Bryan Salad Surgery on March 1st 2009 at 17:13:34

Message Thread

Petition Requesting the Board and Majority Shareholders Stand Down (NCFC) - Ben, Mar 1, 15:04:18
- Stand down in favour of whom? Di Stefano? (NCFC) - Bryan Salad Surgery, Mar 1, 15:42:28
  - Sorry (NCFC) - SeattleSounders, Mar 1, 15:57:41
    - So who are these mysterious new investors then? (n/m) (NCFC) - Bryan Salad Surgery, Mar 1, 16:13:17
      - Market the club properly at the correct price... (NCFC) - Superstar D J, Mar 1, 16:17:04
        
        how much is the club worth per share? (NCFC) - k j, Mar 1, 16:20:24
        
        Basically it's worth (NCFC) - dublinspants, Mar 1, 16:57:49
        
        Simplistic (NCFC) - Bryan Salad Surgery, Mar 1, 17:13:34
        
        Sorry - but I'd find it hard (NCFC) - dublinspants, Mar 1, 17:35:07
        
        I'm not valuing it (NCFC) - dublinspants, Mar 1, 18:57:02
        
        On what are you basing your valuation of the land? (n/m) (NCFC) - Bryan Salad Surgery, Mar 1, 17:45:40
        
        what someone is prepared to pay for them.... (NCFC) - Superstar D J, Mar 1, 16:23:45
        
        certainly not 30 quid each (n/m) (NCFC) - Worzel Scrimmage, Mar 1, 16:23:38
        
        That may be true (NCFC) - Bryan Salad Surgery, Mar 1, 16:18:35
        
        Oh well lets just sit back then.... (NCFC) - Superstar D J, Mar 1, 16:25:00
        
        Well what do you suggest? (NCFC) - Bryan Salad Surgery, Mar 1, 16:32:03
    - Agreed. (n/m) (NCFC) - Superstar D J, Mar 1, 16:00:03
  - Of course it wont cost ?30-?40 million.... (NCFC) - Superstar D J, Mar 1, 15:52:15
    - A buyer would not have to clear the debt, he (or she) could re-negotatite it. (NCFC) - Bryan Salad Surgery, Mar 1, 15:54:26
      - In the current climate (NCFC) - dublinspants, Mar 1, 17:48:07
      - think about it.... (NCFC) - Superstar D J, Mar 1, 15:59:24
        
        How many teams are there (NCFC) - Bryan Salad Surgery, Mar 1, 16:17:34
  - Is a fair assessment. (NCFC) - Jono, Mar 1, 15:44:51
- my concern (NCFC) - k j, Mar 1, 15:36:35
- For fuck's sake, grow up. (NCFC) - Jono, Mar 1, 15:23:58
  - LOL, I can't take anyone seriously who thinks we have 13 games left (NCFC) - UScanary, Mar 1, 18:16:24
  - Is it egotistical create a platform for everyone to express their opinions? (NCFC) - Ben, Mar 1, 16:34:11
    - well said (n/m) (NCFC) - duke of york, Mar 1, 17:49:51
  - only the same as the out websites others set up (NCFC) - pants, Mar 1, 15:30:59
    - The real problem... (NCFC) - Jono, Mar 1, 15:33:31
      - Or she could stay and continue to make awful decisions time and time again (n/m) (NCFC) - pants, Mar 1, 15:35:19
        
        The board held on to Worthington too long... (NCFC) - Jono, Mar 1, 15:38:18
        
        Come on Jono, do you really think the club can get out of this.... (NCFC) - Superstar D J, Mar 1, 15:57:05
        
        er what about Hamilton (NCFC) - Worzel Scrimmage, Mar 1, 15:53:44
- Sorry, I'm not signing it (NCFC) - thebigfeller, Mar 1, 15:07:37
  - x (n/m) (NCFC) - k j, Apr 7, 21:58:46
  - That my friend is why nothing will change... (NCFC) - Superstar D J, Mar 1, 16:01:50
    - I'm sitting here eagerly waiting for your alternative (NCFC) - thebigfeller, Mar 1, 16:10:24
      - Sadly I dont have an alternative as if I did I would be sorting the deal out... (NCFC) - Superstar D J, Mar 1, 16:15:39
        
        I don't think the board will get us out of this (NCFC) - thebigfeller, Mar 1, 16:32:43
        
        I am just a chap on an internet board, the same as you, (NCFC) - Superstar D J, Mar 1, 16:44:23
        
        FWIW (NCFC) - Bryan Salad Surgery, Mar 1, 17:23:06
  - The answer my friend, is pissing in the wind, the answer is pissing in the wind. (n/m) (NCFC) - DrDublin, Mar 1, 15:13:51
  - That's your choice (NCFC) - Ben, Mar 1, 15:12:33
    - At the time of a credit crunch, it doesn't matter what we value the club at (NCFC) - thebigfeller, Mar 1, 15:18:57
      - How do you feel about the shareholders in Northern Rock? (NCFC) - Ben, Mar 1, 15:21:58
        
        She's not run it into the ground financially (NCFC) - thebigfeller, Mar 1, 15:25:19

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