Earlier this month, I was asked about Celtic’s “rocketing” share price, which hit levels not seen in 24 years. The fundamentals of the club had not changed since qualification for the Champions League was secured, so the only thing I could see driving the rise was supporter sentiment.
THIS IS NOT INVESTMENT ADVICE, but there is a consensus that Celtic will continue to trade successfully. I can think of a whole series of medium term challenges that will negatively impact our profitability, but as you know well, profitability is not why most of us (any of us) become shareholders and, since Celtic became a PLC, profits have never been paid to the shareholders, save for the preference share dividend Fergus established when he made the Initial Public Offering in 1994.
The share price will go up when more people want a piece of the action and will fall when people want to bail out. Football shares often move in tandem, reflecting disposable income levels, economic conditions, or even the stock market bubble what popped in 2000, when Celtic shares last traded at their current level.
If a club’s share price is not moving in tandem with its peers, or any other economic indicator, there will be a reason why. In April, two Newco shareholders offered 13,142 shares with an opening price of 18p – which was a significant discount on where price was a decade ago, with the club struggling through the lower leagues.
This recent share offering has not yet been bought and remains open until the end of the month, but that 18p price now seems ambitious. The current highest bid from one buyer, who is prepared to scoop up 5000 shares, is 4p.
That’s a blow to existing shareholders who might want to cash out at some point, but with the price so low, what level can the club realistically hope to issue new shares at, should they need fresh investment? And boy, do they need fresh investment. At this level, a share issue to support the trading loss would render current influential shareholders impotent. That would be a sore one.
Again, THIS IS NOT INVESTMENT ADVICE, but I expect sentiment and the share price would spring back if Newco qualifies for the Champions League this season, which would turn another year of operational loss into somewhere near breakeven. This, in turn, would postpone the need for fresh investment.
You would be forgiven for thinking this share price looks like the canary in the coalmine. Champions League qualification would let the noxious atmosphere escape for a while, but failure would trap all concerned. It is difficult to overstate how important last season’s title was in Scottish football – way more than 2020-21.
I expect we will return to this topic again soon.
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Agree, young people in general know nothing about Celtic and have been brainwashed by Sky and it really annoys me when even local radio stations give EPL results before local sports, all keeping the English football publicity machine moving. However I do find let us say the more mature football fan will comment about Celtic in some of the big European games and derbies.
Celtic jerseys were in abundance to be seen during the Martin O’Neill era and my young daughter, who was not a great football fan, wanted a Celtic top with Henrik Larrson printed thereon. The same problem exists worldwide and we have to accept it. EPL……..after all is the greatest league in the Universe. Yet none of these people wanted an England victory last Saturday night. Football is indeed a funny old game.
“VINNIETHEDOG on 18TH JULY 2024 2:14 PM
It’s nice that our club is valued and worth so much more than the huns….if only that difference showed on the park….if only”
Is that a serious post?
My reply to Turkeybhoy’s post.
Bada
😂
So potentially pulling cables at Celtic Park.
Lets hope its data transmission ethernet cables.
Was going to reply on the last article. However our wi fi at work is on a par with Parkhead.
Celtic should go to the USA to promote our brand, acknowledge our fans in North American and entertain while flying the flag..
If we are to be beaten, then lets get beaten with style.
Make no mistake this tour is not about fitness, we could easily choose lucrative fixtures closer to home. Yes we will make money from the tour, but its mainly about promoting the brand.
Many of our younger fans will be supporting Celtic in the flesh for the first ever time. They are the future.
We need to display that soccer is entertaining and supporting Celtic is cool.
HH.
Gumsy budgies can SUCCeed
A Celtic blog talking about Rangers again.
Old Firm Quick News
I got sacked for overfeeding budgies at my local pet shop. I was caught with my hand in the trill.
Pre season tours are not about fitness.
We are there to promote the brand.
Dearie me.
Deary you.
Paul McGugan was classed as a handsome babe magnet back in the ol Panama Jax back in the day :-))
HH
Financial budgie in the coalmine?
GREENPINATA on 18TH JULY 2024 6:40 PM
So potentially pulling cables at Celtic Park.
Lets hope its data transmission ethernet cables.
———————-
are you going to plus the cable into your laptop?
do you understand how wi-fi works?
does your mobile service provider not work for you at celtic park?
have you asked them to get it fixed?
Man City,Chelsea wont be bombarding us with their top teams.Half Man City team on vacation.Chelsea best player,who last season was half their team,same.Don’t think,guts will be busted.
https://i.pinimg.com/originals/6d/ac/c4/6dacc41c7a2eed23902bc6210675ff8d.jpg
our problem is we wont have idaha in the team, so the north american kids wont be able to see the player that won the scottish cup for celtics.
whats that granda victor, adam is not coming, ok i aint going.
there endeth a lifetime of watching celtic in bars across the usa,
Once again,time running out on Idah.If not,their manager is one hell of a poker player.
Hope we have a plan B.Think we will.Talking to my Norwich mates today down the beach,they were saying,the Norwich fans don’t want him,have never liked him,and the fans wanted him sold and another striker bought.
They know,they are on Norwich Quick News,or similar.🤔
velkom Kasper
https://i.pinimg.com/originals/68/81/9d/68819d9db4dfe9f17d0d2afcff43654a.jpg
city cheating their north american fans, they could have stayed in europe and earned just as much,
and how long do those guys need holidays for ?
maybe we can source an academy loan.
————-
manchester evening news –
We know who definitely won’t be on the plane to the USA. Any Manchester City player involved in the European Championships or Copa America past the group stages will get an extended break and won’t report back to the CFA until August 5.
That means European Champion Rodri, Copa America winner Julian Alvarez, talisman Kevin De Bruyne and all of City’s England and Portugal stars will be absent from the touring party of the States. A squad thin on stars will take on Celtic, AC Milan, Barcelona and Chelsea in the next three weeks, boosted by a number of academy players.
SS,
If using pre season tours purely to get fit, then there are many options without the travel.
As for Wi fi. We constantly try to optimise it offshore. However cost is the crucial factor.
Put simply. The asset gets what its owners or duty holders are prepared to pay for. Celtic Park is no different.
I would love to be able to use my Mobile data. But in 441 there is no signal so its not a viable option.
I autoconnect to the Celtic WI Fi , but inveriably it reads ” Connected without internet”.
Now this will be the case whether the seat is occupied or not. 🤣
HH.
https://i.pinimg.com/originals/dd/80/50/dd8050e029d152cf90baf72faea59fc3.png
It’s official.
Schmeichel has signed.
I would love to be able to use my Mobile data. But in 441 there is no signal so its not a viable option.
have you asked the service provider to install an antenna maybe within 50 metres away,
—————
i was off to the cinema tonight, but their wi-fi is poor so i aint going to bother now,
I autoconnect to the Celtic WI Fi , but inveriably it reads ” Connected without internet”.
Now this will be the case whether the seat is occupied or not. 🤣
————————–
that is what is wrong, your phone is trying to connect to celtic park wi-fi but your not there.
Celtic have announced pre-season 2025 will be at public parks around Scotland.
These are to be treated as mere get to know the locals sessions at Balloch, Port Glasgow, Buckie and Eriskay.
No monies will chance hands, just goodwill and kindness.
It is all about the marketing.
Kasper Schmeichel is 1.89 m
Concerning the Ibrox fiasco,
Who would win in a fight between,” A known unknown,and An unknown unknown.
Courtesy of Phil.
And,would the winner win by a Knockdown or a Unknockdown
Not sure about tje Port, Buckie or Balloch
But Eriskay, now you’re talking. Players would love the experience. You are aware that FIFA credited it as ” One of the 8 most remarkable places to play football in the world”
An added bonus is that the Wi Fi is great in the SS Politician. At least it was a few years ago when I last visited it.
big bhoy
Good news that we have a strategy for the goalie position with experience and youth. Hope it works on the pitch over the next few years so that we don’t go into future Euro qualifying with a brand new keeper.
I’m listening to some gramophone records from about 50 years ago. Both magical recordings in their own genres.
Mahler’s symphony number 4 followed by Frankie Miller’s Full House.
CQNers ..Be good to yourself every day and every night.
If
‘My milkshake brings all the boys to the yard
And they’re like, it’s better than yours
Damn right it’s better than yours
I can teach you, but I have to charge’
then what’s up with the milk at scrapsville?
Eriskay is where the next Guinness advert was filmed last week.
In the Politician and that pitch.
Look out for it.
Seats are for the lazy petted fearties who were awe brainwashed into thinking it was too dangerous to stand on terraces.
Brainwashed by Maggie Thatcher and her media shills, after their goons murdered 97 innocent Liverpool FC fans in 1989.
Terraces are for real fitba fans, seats are for what came after the real fitba fans era.
Junglists fae the Celtic end. 👊️
https://wikifoundryimages.s3.amazonaws.com/fdff28ec2bd70a509f8a5b67a9e06572
Why does Phil sound like shill?
Rest in peace the 97.
I autoconnect to the Celtic WI Fi , but inveriably it reads ” Connected without internet”.
—-
i get the same up the back tier of the jock stein..
but before the month break for the qatar world cup at the end of 2022 it had been fine.
then its been shite after that.
which would fine if you could connect to normal mobile data.
but cant do that either.
go anywhere else in europe and you dont have these issues.
we are such a backward island when it comes to this stuff.
but if you sit in the main stand near the middle then you are sorted.
and the press area has its own wi-fi which no doubt works perfectly.
but the peasants get shafted.
but i would still like to know why the wifi was good before the qatar world cup then shite the first game after it and has been ever since.
they can stick their dhcp up their erses!
im guessing it will have something to do with having to pay someone to make it work properly.
which will rule out our custodians from doing so.
but i also heard it is dafabet that control and paid for the wifi situation so we cant look up rival betting sites.
that might nonsense, but we cant look up any web site at all so maybe they got the last bit right