ALK Capital or Farnell/Elkashashy takeover

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boatshed bill
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Thu Nov 12, 2020 7:07 pm

I know absolutely nothing about football club finance/take-overs etc.,
but can i ask a simple question:
Do both these would be owners insist on outright ownership, or would they invest if they had enough shares to control the club?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 7:09 pm

Has Kettering Capital Limited been mentioned on this thread ? Just had a quick scan through and havent seen it mentioned ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by bodge » Thu Nov 12, 2020 7:11 pm

Yes random, it was mentioned as it's SD's home town.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Culmclaret » Thu Nov 12, 2020 7:16 pm

I can’t help feeling saddened by this. We probably do need outside investment to stay at this level given the path we have taken since qualifying for Europe, but we will lose what is just about unique about us. The little guys, chin out, relying on our wits and togetherness to take on the global money men and so often putting their noses out of joint. It was a rearguard action we fought, for the soul of the game, and it was bloody magnificent. If someone offered me the sort of price some have suggested for the shares I own I would make around £100k, but I wouldn’t sell them
Last edited by Culmclaret on Thu Nov 12, 2020 7:25 pm, edited 1 time in total.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by claretandy » Thu Nov 12, 2020 7:20 pm

randomclaret2 wrote:
Thu Nov 12, 2020 7:09 pm
Has Kettering Capital Limited been mentioned on this thread ? Just had a quick scan through and havent seen it mentioned ?
Yes, by Paul Waine on 28 October.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Nonayforever » Thu Nov 12, 2020 7:22 pm

claretandy wrote:
Thu Nov 12, 2020 6:59 pm
Flood.
With benefits attached.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Thu Nov 12, 2020 7:22 pm

Culmclaret wrote:
Thu Nov 12, 2020 7:16 pm
I can’t help feeling saddened by this. We probably do need outside investment to stay at this level given the path we have taken since qualifying for Europe, but we will lose what is just about unique about us. The little guys, chin out, relying on our wits and togetherness to take on the global money men and so often putting their noses out of joint. It was a rearguard action we fought, for the soul of the game, and it was bloody magnificent
Largely worked because of Dyche. Shame they’ve fallen out with each other.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 7:27 pm

claretandy wrote:
Thu Nov 12, 2020 7:20 pm
Yes, by Paul Waine on 28 October.
Thanks

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BenWickes » Thu Nov 12, 2020 7:28 pm

Culmclaret wrote:
Thu Nov 12, 2020 7:16 pm
I can’t help feeling saddened by this. We probably do need outside investment to stay at this level given the path we have taken since qualifying for Europe, but we will lose what is just about unique about us. The little guys, chin out, relying on our wits and togetherness to take on the global money men and so often putting their noses out of joint. It was a rearguard action we fought, for the soul of the game, and it was bloody magnificent
I totally get your sentiments. Watching us in division 4 and where we are now has been a phenomenal achievement but we need to adjust to maintain that. We'll never forget our meteoric rise like a phoenix and we can be proud of that but it's ok to adapt to the times to compete. Nobody can ever take that away from us. We did dream the impossible dream in merely getting back to the top flight.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by DCWat » Thu Nov 12, 2020 7:30 pm

BenWickes wrote:
Thu Nov 12, 2020 7:28 pm
I totally get your sentiments. Watching us in division 4 and where we are now has been a phenomenal achievement but we need to adjust to maintain that. We'll never forget our meteoric rise like a phoenix and we can be proud of that but it's ok to adapt to the times to compete. Nobody can ever take that away from us. We did dream the impossible dream in merely getting back to the top flight.
It’s OK to adapt if the bidders are suitable. Are you confident that both parties are?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BenWickes » Thu Nov 12, 2020 7:36 pm

DCWat wrote:
Thu Nov 12, 2020 7:30 pm
It’s OK to adapt if the bidders are suitable. Are you confident that both parties are?
More confident in both parties and what they would bring to the table than I was after what I have learned over the past day or two. Both differ in what they offer. It'll be interesting if that is ever divulged.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by jedi_master » Thu Nov 12, 2020 7:40 pm

Who is favourite Ben/DJW? Is there even a favourite?

I can’t help but pray for ALK even though, really, I know just as little about them and their plans/finance as the Egyptian.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by DCWat » Thu Nov 12, 2020 7:43 pm

BenWickes wrote:
Thu Nov 12, 2020 7:36 pm
More confident in both parties and what they would bring to the table than I was after what I have learned over the past day or two. Both differ in what they offer. It'll be interesting if that is ever divulged.
That sounds more positive. Appreciate you can’t or wouldn’t want to divulge, but would what you have heard mitigate some or all of the concerns raised on here, particularly around Farnell and the Egyptian ‘money’?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NewClaret » Thu Nov 12, 2020 7:44 pm

BenWickes wrote:
Thu Nov 12, 2020 7:36 pm
More confident in both parties and what they would bring to the table than I was after what I have learned over the past day or two. Both differ in what they offer. It'll be interesting if that is ever divulged.
Don’t keep us in suspense....

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by IanMcL » Thu Nov 12, 2020 7:48 pm

Cannot see the club statement anywhere, so just in case:

News

Club News

Club Statement: Club Takeover

November 12, 2020

Club News

Regarding various comments in the media, Burnley Football Club confirms that the club’s ownership remain in discussions with interested parties regarding future investment in the club.

In full respect of ongoing processes, the club will not be providing any further commentary on this matter until those discussions have reached a conclusion.

The club wishes to assure supporters and the local community that the future of Burnley Football Club remains the primary concern in these issues, with any potential investment needing to support the club’s long term sustainability and retain its position as a cornerstone of the local community.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Local cricketer » Thu Nov 12, 2020 7:51 pm

Looking forward to reading Brendon Floods 2nd book for a in depth account of the takeover
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by BenWickes » Thu Nov 12, 2020 7:55 pm

DCWat wrote:
Thu Nov 12, 2020 7:43 pm
That sounds more positive. Appreciate you can’t or wouldn’t want to divulge, but would what you have heard mitigate some or all of the concerns raised on here, particularly around Farnell and the Egyptian ‘money’?
Thanks for appreciating I/we can't divulge much. I'm not the only one trying to keep you abreast while maintaining a level of decorum regards the ongoing developments.
I don't think anyone can ever be certain of anything in life but I am naturally a negative person and I am quite sure that concerns, which are quite correctly expressed by the way; as fans. I believe both parties provide a positive way forward. Depending on what you want as a fan I guess. Both have differing ideas. Both seem to have strong bids which would benefit in differing ways. One more than the other but that can be countered by the model presented by the other.
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by thelaughingclaret » Thu Nov 12, 2020 8:20 pm

£200 million for a championship club seems a lot.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by icu81b4 » Thu Nov 12, 2020 8:31 pm

We'll be in league one before these negotiations complete.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 8:48 pm

Any advances ?...League Two ?.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by whentheballmoves » Thu Nov 12, 2020 8:54 pm

Some interesting developments in the last few days, it seems.
Personally speaking, I'd echo some of what's been said about thr various directors, even though I've only had fairly limited dealings with them.
BK was the only one ever to agree to a fanzine interview for me... Much respect.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Thu Nov 12, 2020 8:56 pm

whentheballmoves wrote:
Thu Nov 12, 2020 8:54 pm
Some interesting developments in the last few days, it seems.
Personally speaking, I'd echo some of what's been said about thr various directors, even though I've only had fairly limited dealings with them.
BK was the only one ever to agree to a fanzine interview for me... Much respect.
Interesting developments like someone has answered the phone!?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by whentheballmoves » Thu Nov 12, 2020 9:00 pm

Could be, or switched on the fax machine!? 😂

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Steve-Harpers-perm » Thu Nov 12, 2020 9:16 pm

whentheballmoves wrote:
Thu Nov 12, 2020 9:00 pm
Could be, or switched on the fax machine!? 😂
They’ve finally got round to rewiring the plug!!

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by scouseclaret » Thu Nov 12, 2020 9:28 pm

Just out of interest, which approach came first?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Thu Nov 12, 2020 9:52 pm

randomclaret2 wrote:
Thu Nov 12, 2020 6:57 pm
What % of the clubs shares does Mr Holt own ?
In whole numbers, Garlick has 49%, John B has 28% and the other five directors have 16% between them. I think the five are fairly close in their shareholdings.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 9:54 pm

ClaretTony wrote:
Thu Nov 12, 2020 9:52 pm
In whole numbers, Garlick has 49%, John B has 28% and the other five directors have 16% between them. I think the five are fairly close in their shareholdings.
Could any of, or any combination of, those 5 hold any potential deal up ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by dougcollins » Thu Nov 12, 2020 9:58 pm

My elementary fag packet maths would suggest not.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 10:02 pm

dougcollins wrote:
Thu Nov 12, 2020 9:58 pm
My elementary fag packet maths would suggest not.
Thats what I thought Doug, but reading some of the earlier posts hinting that certain of the 5 may be ensuring they get the best deal for themselves has me wondering

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Thu Nov 12, 2020 10:26 pm

randomclaret2 wrote:
Thu Nov 12, 2020 9:54 pm
Could any of, or any combination of, those 5 hold any potential deal up ?
Given that Garlick has in excess of 49% and realistically has over half I doubt anyone could hold up a deal should he decide it's what is best for him. I would suspect he'd probably want John B onside given his shareholding but I wouldn't think the other directors would have much say.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 10:30 pm

Cheers Tony 👍

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by boatshed bill » Thu Nov 12, 2020 10:31 pm

ClaretTony wrote:
Thu Nov 12, 2020 10:26 pm
Given that Garlick has in excess of 49% and realistically has over half I doubt anyone could hold up a deal should he decide it's what is best for him. I would suspect he'd probably want John B onside given his shareholding but I wouldn't think the other directors would have much say.
CT, do you know what a share is worth/ And how many have been issued?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Thu Nov 12, 2020 10:39 pm

boatshed bill wrote:
Thu Nov 12, 2020 10:31 pm
CT, do you know what a share is worth/ And how many have been issued?
They are £1 shares but they don't actually have a worth, it's all dependent on how much someone would want to pay for them. Mine cost me £1,500 when I first bought them (100 at £15 each). I don't have them all now.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 10:51 pm

How much would 100 shares be worth should the takeover happen ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Thu Nov 12, 2020 10:54 pm

randomclaret2 wrote:
Thu Nov 12, 2020 10:51 pm
How much would 100 shares be worth should the takeover happen ?
Enough for me to question myself as to why on earth I ever sold them
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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Father Jack » Thu Nov 12, 2020 10:54 pm

:P
BenWickes wrote:
Thu Nov 12, 2020 7:55 pm
Thanks for appreciating I/we can't divulge much. I'm not the only one trying to keep you abreast while maintaining a level of decorum regards the ongoing developments.
I don't think anyone can ever be certain of anything in life but I am naturally a negative person and I am quite sure that concerns, which are quite correctly expressed by the way; as fans. I believe both parties provide a positive way forward. Depending on what you want as a fan I guess. Both have differing ideas. Both seem to have strong bids which would benefit in differing ways. One more than the other but that can be countered by the model presented by the other.
Ben. I know you can’t name your source and I’m not trying to get you do this. But from memory you’d originally heard about meetings from the Egyptian bid and the town council and it was via a rovers supporting relative.
Now you appear to be equally well informed about both bids.
Has your source changed from the original one?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by whentheballmoves » Thu Nov 12, 2020 11:06 pm

ClaretTony wrote:
Thu Nov 12, 2020 10:54 pm
Enough for me to question myself as to why on earth I ever sold them
Ballpark figure, Tony?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Tall Paul » Thu Nov 12, 2020 11:09 pm

ClaretTony wrote:
Thu Nov 12, 2020 10:26 pm
Given that Garlick has in excess of 49% and realistically has over half I doubt anyone could hold up a deal should he decide it's what is best for him. I would suspect he'd probably want John B onside given his shareholding but I wouldn't think the other directors would have much say.
Don't all share transfers have to be approved by the board of directors?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Thu Nov 12, 2020 11:15 pm

Tall Paul wrote:
Thu Nov 12, 2020 11:09 pm
Don't all share transfers have to be approved by the board of directors?
Hi Tall Paul, technical answer to this will be in the company's Articles of Association - copy filed on Companies House records. Let's assume that it does require a vote by Board of Directors - and let's assume some directors vote against sale of shares to a new investor offering to buy all shares and become the new owner of the club then there will be an issue for the board to resolve. Depending who is for and who is against, I can imagine the board being able to sort it out, possibly by forcing the dissenting directors to resign - or possibly by shareholder vote - where MG starts with 49% of the vote.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by arise_sir_charge » Thu Nov 12, 2020 11:18 pm

whentheballmoves wrote:
Thu Nov 12, 2020 11:06 pm
Ballpark figure, Tony?
Based on the figures being discussed, each share is roughly worth between £1,500 and £1,800.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Thu Nov 12, 2020 11:19 pm

whentheballmoves wrote:
Thu Nov 12, 2020 11:06 pm
Ballpark figure, Tony?
Estimates are that 1 share may be worth as much as £1,400 - if the club is bought for £200 million. If purchase value is lower, then the share value will also be lower.

Anyone reading this, should remember that Capital Gains Tax will be due on any gain in the value of their shares.

I have no shares in the club. Congratulations to all supporters who are also shareholders.

UTC

EDIT: OK, I see that figure I've quoted is a little lower than poster above mine has quoted. I've not done any maths - his figure might be closer.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NewClaret » Thu Nov 12, 2020 11:27 pm

ClaretTony wrote:
Thu Nov 12, 2020 10:39 pm
They are £1 shares but they don't actually have a worth, it's all dependent on how much someone would want to pay for them. Mine cost me £1,500 when I first bought them (100 at £15 each). I don't have them all now.
You got the Lambo on order Tony?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Thu Nov 12, 2020 11:27 pm

boatshed bill wrote:
Thu Nov 12, 2020 10:31 pm
CT, do you know what a share is worth/ And how many have been issued?
Hi bill, a share is worth what a buyer is prepared to pay for it. Its worth is not what you originally paid for it. Remember the value of investments can go down or up. If BFC is bought by a new investor there's no doubt that the value of shares will be higher than was paid for those shares, 5, 10 and more years ago.

However, all other things be equal, the value of shares may be lower than they would have been if covid-19 hadn't hit the country and stopped fans attending Premier League games.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Thu Nov 12, 2020 11:28 pm

NewClaret wrote:
Thu Nov 12, 2020 11:27 pm
You got the Lambo on order Tony?
Was it Chris Eagles drove a Lambo?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NewClaret » Thu Nov 12, 2020 11:31 pm

Paul Waine wrote:
Thu Nov 12, 2020 11:28 pm
Was it Chris Eagles drove a Lambo?
Yep, white one.

I’m hoping Tony has more class and has ordered a claret one with blue alloys.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Thu Nov 12, 2020 11:37 pm

NewClaret wrote:
Thu Nov 12, 2020 11:31 pm
Yep, white one.

I’m hoping Tony has more class and has ordered a claret one with blue alloys.
My next car will be all electric. If I'd owned a few BFC shares, it may be a Jaguar i-Pace. Other vehicles are also available. ;)

UTC

EDIT: Apologies to all those checking on this thread and thinking with all these additional posts something must be progressing, at last. My last few posts are a little away from the main point - and, some are repetitions of posts somewhere in the first 50 pages of the thread. :( ;)
Last edited by Paul Waine on Thu Nov 12, 2020 11:40 pm, edited 1 time in total.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by randomclaret2 » Thu Nov 12, 2020 11:39 pm

So 100 shares could be worth between £140,000 and £180,000 ?

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by ClaretTony » Thu Nov 12, 2020 11:41 pm

Tall Paul wrote:
Thu Nov 12, 2020 11:09 pm
Don't all share transfers have to be approved by the board of directors?
Yes - not sure how far that goes back but it was definitely in the articles in the mid 1960s when Bob Lord held off potentially troublesome shareholders such as Jimmy Mac's father-in-law Luther Wilkinson and then Ken Bates.

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by Paul Waine » Thu Nov 12, 2020 11:41 pm

randomclaret2 wrote:
Thu Nov 12, 2020 11:39 pm
So 100 shares could be worth between £140,000 and £180,000 ?
That sounds about right - but, don't forget your Capital Gains Tax situation.

UTC

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Re: ALK Capital or Farnell/Elkashashy takeover

Post by NewClaret » Thu Nov 12, 2020 11:44 pm

Paul Waine wrote:
Thu Nov 12, 2020 11:41 pm
That sounds about right - but, don't forget your Capital Gains Tax situation.

UTC
That’s why Tony wants this deal done quick before Rishi whacks up the CGT to pay for furlough! :lol: :lol:

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