Falmer Finance - £20million from one individual

[BensGrandad]

According to one Red Top when Skint packed up sponsoring us they said ' Skints biggest star was Norman Cook aka Fatboy Slim who is also the largest shareholder in Brighton' either he has aquired more shares or they were wrong.

 

[Titanic]

According to one Red Top when Skint packed up sponsoring us they said ' Skints biggest star was Norman Cook aka Fatboy Slim who is also the largest shareholder in Brighton' either he has aquired more shares or they were wrong.

I think they were using 'largest' to mean 'he's got quite a few shares and we actually know who he is and we are too lazy to research the truth and it sounds more interesting anyway'. I am fairly sure he has never been the largest shareholder - that has always, up until now anyway, been Dick Knight.

 

[perseus]

Feeding the trolls

Troll (Internet) - Wikipedia, the free encyclopedia

 

[Cian]

According to one Red Top when Skint packed up sponsoring us they said ' Skints biggest star was Norman Cook aka Fatboy Slim who is also the largest shareholder in Brighton' either he has aquired more shares or they were wrong.

Its a red top - why do you have to even suspect they might be wrong? Of course they were.

 

[The Auditor]

A not very different, but slightly newer list...

H R Knight 1,602,500 23.4%
W Brown 1,100,000 16.0%
A Bloom 850,000 12.4%
Pig City Incorporated Ltd 750,000 10.9%
K Griffiths 582,000 8.5%
R Bloom 535,000 7.8%
Friday ad holdings 500,000 7.3%
D Chapman 460,750 6.7%
M Hastlow 150,000 2.2%
R Pinnock 142,000 2.1%
J Gold 100,000 1.5%
J Vickers 50,000 0.7%
J Hirschel 15,000 0.2%
E David 10,000 0.1%
P Mcdonnell 10,000 0.1%
J Town 5,000 0.1%
M Perry 130 0.0%

Thats right as of the Annual Return filed 24/12/07

 

[Dave the OAP]

ooops....

 

[Lord Bracknell]

Like Titanic, I obviously have time on my hands.

What is interesting about the two different lists of shareholders is that it enables us to identify those people who have increased their shareholding in recent years.

Presumably these are the folk who are keeping the Club going.

The figures against each name are the number of EXTRA shares that were acquired between the publication of the two lists.

A Bloom 850,000
William John Brown 600,000
Harry Richard Knight 235,000
Pig City Incorporated Limited 200,000
Derek Leonard Chapman 110,750
J Gold 100,000
Kevin Ralph Patrick Griffiths 82,000
Raymond Alexander Bloom 35,000
Robert Leonard Pinnock 22,000
E David 10,000

 

[The Auditor]

Info from Companies House website....Michael Hastilow bought a further £100000 shares on 11/04/2008 and on 13/03/2008 a £30 million Convertible Loan note facililty was created although I cant see that any of these have been issued

 

[ManOnTheRun]

Info from Companies House website....Michael Hastilow bought a further £100000 shares on 11/04/2008 and on 13/03/2008 a £30 million Convertible Loan note facililty was created although I cant see that any of these have been issued

Who is Michael Hastilow? I've done a quick Google search which suggests links to a firm of solicitors called Bosley & Co (based in Brighton)?

Any ideas?

 

[Titanic]

Info from Companies House website....Michael Hastilow bought a further £100000 shares on 11/04/2008 and on 13/03/2008 a £30 million Convertible Loan note facililty was created although I cant see that any of these have been issued

Can one of the 'financial wizards' explain the significance, if any, of a 'a £30 million Convertible Loan note facililty' ?

 

[Lord Bracknell]

Who is Michael Hastilow? I've done a quick Google search which suggests links to a firm of solicitors called Bosley & Co (based in Brighton)?

Any ideas?

Is he the same Michael Hastilow who is a director of Southern Co-operatives Limited (aka the Co-op)?

 

[steward 433]

Is he the same Michael Hastilow who is a director of Southern Co-operatives Limited (aka the Co-op)?

Looks like it could be as he has a BN1 postcode

Only got 3 different people come back on my search and the other two were northeners so looks the most likely?

 

[Alex Alex Dawson oo! oo!]

Can one of the 'financial wizards' explain the significance, if any, of a 'a £30 million Convertible Loan note facililty' ?

Essentially, it's a capital raising vehicle similar to the issuing of new shares (I think).
An investor purchases a loan note from a company (BHAFC) on which interest is payable and and then has the right to have the loan amount (principle) converted into shares as repayment when the loan period expires.
The 'advantage' is that an investor gets the loan interest whereas if they purchased shares in BHAFC directly they'd be no dividend return at present.

 

[Titanic]

Essentially, it's a capital raising vehicle similar to the issuing of new shares (I think).
An investor purchases a loan note from a company (BHAFC) on which interest is payable and and then has the right to have the loan amount (principle) converted into shares as repayment when the loan period expires.
The 'advantage' is that an investor gets the loan interest whereas if they purchased shares in BHAFC directly they'd be no dividend return at present.

So... someone is going to lend BHAFC £30m in cash... and we are going to pay interest on that (e.g. £30m at 5% is £1.5m a year) - and at the end of the deal, they can take £30m worth of shares instead of a cash repayment - which would make them a massive majority shareholder. Or presumably it could be several investors? Even so, the £30m would dwarf any existing share holdings.

Is this something to do with building the stadium? or is someone out there seriously going to invest massive amounts of cash in the playing side - and if so, do we have any idea who? and presumably they will want control of how the club is run etc...

 

[Titanic]

Info from Companies House website....Michael Hastilow bought a further £100000 shares on 11/04/2008 ...

Are all the amounts listed above in £'s... or is this £100,000 worth of shares, which is actually some other number of shares as per the previous lists?

 

[Alex Alex Dawson oo! oo!]

So... someone is going to lend BHAFC £30m in cash... and we are going to pay interest on that (e.g. £30m at 5% is £1.5m a year) - and at the end of the deal, they can take £30m worth of shares instead of a cash repayment - which would make them a massive majority shareholder. Or presumably it could be several investors? Even so, the £30m would dwarf any existing share holdings.

Any of these scenarios seem possible.

Is this something to do with building the stadium? or is someone out there seriously going to invest massive amounts of cash in the playing side - and if so, do we have any idea who? and presumably they will want control of how the club is run etc...

Who knows but I'd have thought that any stadium investment would be in the Community Stadium Company? Maybe there's a way of amending the repayment terms at a later date so as the investor(s) receive shares in the CSC or you 'replace' the note(s) with new ones in the CSC?
Potential more interesting then some of the usual NSC twaddle eh?

 

[The Auditor]

Are all the amounts listed above in £'s... or is this £100,000 worth of shares, which is actually some other number of shares as per the previous lists?

all £1 shares as far as I am aware

 

[Titanic]

On the basis that Michael Hastilow's latest investment gives him an additional 100,000 shares...

                                       2005                2007             2008       Change since
                                                                                               2005
Harry Richard Knight              1,367,500  29.6%   1,602,500  23.4%  1,602,500  23.0%     235,000
William John Brown                  500,000  10.8%   1,100,000  16.0%  1,100,000  15.8%     600,000
Tony Bloom                                0   0.0%     850,000  12.4%    850,000  12.2%     850,000
Pig City Incorporated Limited       550,000  11.9%     750,000  10.9%    750,000  10.8%     200,000
Kevin Ralph Patrick Griffiths       500,000  10.8%     582,000   8.5%    582,000   8.4%      82,000
Raymond Alexander Bloom             500,000  10.8%     535,000   7.8%    535,000   7.7%      35,000
Friday-Ad Holdings Ltd              500,000  10.8%     500,000   7.3%    500,000   7.2%           0
Derek Leonard Chapman               350,000   7.6%     460,750   6.7%    460,750   6.6%     110,750
Michael John Hastilow               150,000   3.2%     150,000   2.2%    250,000   3.6%     100,000
Robert Leonard Pinnock              120,000   2.6%     142,000   2.1%    142,000   2.0%      22,000
J Gold                                    0   0.0%     100,000   1.5%    100,000   1.4%     100,000
John Edward Vickers                  50,000   1.1%      50,000   0.7%     50,000   0.7%           0
Joseph David Hirschel                15,000   0.3%      15,000   0.2%     15,000   0.2%           0
E David                                   0   0.0%      10,000   0.1%     10,000   0.1%      10,000
Peter Fleming Jackson McDonnell      10,000   0.2%      10,000   0.1%     10,000   0.1%           0
John Town                             5,000   0.1%       5,000   0.1%      5,000   0.1%           0
Martin John Perry                       130   0.0%         130   0.0%        130   0.0%           0
Total shares                      4,617,630          6,862,380         6,962,380          2,344,750

 

[The Oldman]

Any of these scenarios seem possible.



Potential more interesting then some of the usual NSC twaddle eh?

Indeed it is. This is as fascinating as any transfer deals and could be a big story for some eager newshound.

 

[The Auditor]

Community Stadium Plc has 70002 £1 shares owned by Brighton & Hove Albion Holding Ltd (D Knight transfered 50000 and D Chapman 20002 on 7/12/07 to the holding company)