@crossy1686
Get in here and tell us it’s going to be okay before that smug fecker
@GaryLifo gets bumped off down United Road by the baying mob
Haha sorry, I'll do my best with a quick update.
Nothing new on the stock front, it's down by about 0.50 since the earnings report, my feelings were probably right that it was being played by momentum traders in the run up. It's been putting in higher lows the last couple of months and it doesn't seem to be a downtrend but it is rangebound at the moment in the $13 zone. It will need news either way to move it at this point, or some big buys or sells from ITK's.
Volume in the stock is down since the news first broke but it's still trading with much more volume than it usually does, with some decent buys in there also, nothing huge though. For me it seems like United still are for partial sale at least, if they go off the market or stop being touted around this will probably drop back down to around $10 per share, or maybe that needs to happen before a buyer is willing to step in and get a good deal.
No real news here unfortunately but I'm keeping an eye on it and the financials to see if there's anything happening behind the scenes.
I saw what Ratcliffe said as well, he said he met the Glazer family to discuss a sale but they said the club isn't for sale. My take on that:
1. They agreed to have a meeting about the sale of United, you don't do that unless you're looking to sell. He didn't just pop in for a brew and a quick chat unannounced.
2. He says United aren't for sale, and from what we've heard they're not, but there is a partial stake for sale. Also, he doesn't really want to pay what they're asking.
3. No one in their right mind is going to give this mob millions for them to then turn around and take it out in dividends over the next 10 years, not without a contractual agreement that they will sell their stake in United within an agreed time frame.
4. If the club is for partial sale only and they can't hoodwink someone into funding them, we're looking at a stalemate until something gives. Either a huge offer comes in or they have enough at some point.