Amberexile wrote: April 15th, 2024, 6:34 pm

IMB wrote: April 15th, 2024, 3:43 pm

Bangitintrnet wrote: April 15th, 2024, 2:29 pm

Stan A. Einstein wrote: April 15th, 2024, 2:07 pm

IMB wrote: April 15th, 2024, 12:52 pm Bangit...

You say 'The new club started in 1989 with £400k capital investment in shares. '.

Did it?

My memory is that the share issue was far less than that. I think £100,000 but I could be wrong. However more importantly the size of the share issue is not the same as the amount of shares which were actually sold.

Ah I see, fair enough. I seem to remember 400 people attending, so that would be a more likely outcome.

Stan is correct on both counts I believe and the actual sales - and indeed the capital with which the club started - was far far less than either amount.

The oldest data that I can find is from the accounts dated 30 June 1995. These tell us that between 30 June 1994 and 30 June 1995 Share Capital increased from £53,420 to £58,680.

They go on to say -
During the year 526 shares of £10 each were allotted and fully paid for at par to increase the capital base of the Company.

Shares acquired by Directors and allotted fully paid for at par since 30 June 1995 are as follows:

W S Brown 10 D M Hando 10
P Burgess 110 S Pepperall 10
M L Everett 10 R J Taylor 10
J A Greenham 10 D Williams 10
M J Greenham 10 E Wulf 10

That will mean that another £2,000 of share capital was raised between the end of year and the accounts being published.

Looking at the 1996 accounts, we learn that initially £100,000 of share capital was authorised for sale and during the 95/96 a further £11,000 were bought a process that continued.

Based on that, I think it unlikely that the original share sales raisedmore than £40,000

Bangitintrnet wrote: April 15th, 2024, 6:49 pm

Amberexile wrote: April 15th, 2024, 6:34 pm

IMB wrote: April 15th, 2024, 3:43 pm

Bangitintrnet wrote: April 15th, 2024, 2:29 pm

Stan A. Einstein wrote: April 15th, 2024, 2:07 pm

IMB wrote: April 15th, 2024, 12:52 pm Bangit...

You say 'The new club started in 1989 with £400k capital investment in shares. '.

Did it?

My memory is that the share issue was far less than that. I think £100,000 but I could be wrong. However more importantly the size of the share issue is not the same as the amount of shares which were actually sold.

Ah I see, fair enough. I seem to remember 400 people attending, so that would be a more likely outcome.

Stan is correct on both counts I believe and the actual sales - and indeed the capital with which the club started - was far far less than either amount.

The oldest data that I can find is from the accounts dated 30 June 1995. These tell us that between 30 June 1994 and 30 June 1995 Share Capital increased from £53,420 to £58,680.

They go on to say -
During the year 526 shares of £10 each were allotted and fully paid for at par to increase the capital base of the Company.

Shares acquired by Directors and allotted fully paid for at par since 30 June 1995 are as follows:

W S Brown 10 D M Hando 10
P Burgess 110 S Pepperall 10
M L Everett 10 R J Taylor 10
J A Greenham 10 D Williams 10
M J Greenham 10 E Wulf 10

That will mean that another £2,000 of share capital was raised between the end of year and the accounts being published.

Looking at the 1996 accounts, we learn that initially £100,000 of share capital was authorised for sale and during the 95/96 a further £11,000 were bought a process that continued.

Based on that, I think it unlikely that the original share sales raisedmore than £40,000

That's interesting, and someone posted a list of major shareholders of the club which wasn't quite up to date fairly recently, to show how holdings change.

It does show how capital has always been an issue, and obviously playing away from Newport was a problem, helped slightly by the opposition not having large gates or capital either.