How much of imutual you own + updated FAQs

richard@imutual
Posts: 4811
Joined: Wed Jun 23, 2010 10:19 am
Sharing: 2stars.png
Has thanked: 1840 times
Been thanked: 3755 times
Contact:

How much of imutual you own + updated FAQs

Post by richard@imutual » Fri Feb 17, 2012 3:07 pm

You can now get an up-to-the-minute figure for how many shares have been awarded to imutual members to date - see
http://www.imutual.co.uk/report?id=651

I have also added a few FAQ entries specifically about shares and their worth. I'd be grateful if everyone could have a quick read and tell me if it all seems to make sense and if you think there are any useful additions or amendments I should make.

I've seen a few more posts (elsewhere) recently making misleading statements about the likely value of imutual shares. I don't know whether these comments were made in spite or ignorance but either way, the following FAQs will, I hope, set the record straight:

How much are shares worth?
How many shares are there in total?
Is a share only worth 0.001p?
If you keep giving shares away, won't that devalue my own shares?

The most important points, often misunderstood, are:
- The nominal value (0.001p) is NOT the same as the market value. As is the case with all public companies
- Just because the shares are not listed does not mean they are "worthless". It just means you have to wait for someone to make an offer for the company before you can realise their monetary worth
- The "effective" % of the company you own = your shareholding as a proportion of all shares issued to members, not as a proportion of the total authorised share capital.

If anyone has any questions on the above, feel feel to use this thread or start a new topic :thumbup:

afcbtim
Posts: 113
Joined: Sat Aug 07, 2010 5:46 pm
Has thanked: 20 times
Been thanked: 40 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by afcbtim » Fri Feb 17, 2012 4:12 pm

Makes sense to me Richard, Thanks!
Thanked by: blythburgh

Richard Frost
Posts: 11282
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2413 times
Been thanked: 5450 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by Richard Frost » Fri Feb 17, 2012 4:26 pm

Clear to me!

Ealdwulf
Posts: 180
Joined: Wed Jul 13, 2011 2:01 pm
Has thanked: 23 times
Been thanked: 49 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by Ealdwulf » Fri Feb 17, 2012 5:42 pm

Yep, clear to me too. In fact i think I understand it better now than I did before. :clap:
Thanked by: blythburgh

kevinchess1
Posts: 23008
Joined: Mon Jun 28, 2010 11:02 pm
Location: Miles away from the sea
Has thanked: 11938 times
Been thanked: 16152 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by kevinchess1 » Fri Feb 17, 2012 11:19 pm

878539 shares issused
Perhaps we can hav a party when it's 1 million
Perhaps sum won can tell me how much % 971 awarded is
Thanked by: blythburgh
Politically incorrect since 69

macfamily
Posts: 270
Joined: Fri Nov 12, 2010 8:05 pm
Location: Probally on on a Q1/2/300 airplane in Norge ;)
Has thanked: 34 times
Been thanked: 49 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by macfamily » Fri Feb 17, 2012 11:23 pm

I think I will hold a competition for us to guess how long it take us to get to 1 million shares. Is there any rules on competitions?
Thanked by: blythburgh
Want to be a Pilot and get a BA Degree? Pretty Much Free Training Available, PM for details

Med vennlig hilsen / Kind Regards
--
Resident: Bøer Viking

macfamily
Posts: 270
Joined: Fri Nov 12, 2010 8:05 pm
Location: Probally on on a Q1/2/300 airplane in Norge ;)
Has thanked: 34 times
Been thanked: 49 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by macfamily » Fri Feb 17, 2012 11:26 pm

macfamily wrote:I think I will hold a competition for us to guess how long it take us to get to 1 million shares. Is there any rules on competitions?
The company's share capital consists of 5bn


And then a competition for each billion!

Now, I have something to focus on!
Want to be a Pilot and get a BA Degree? Pretty Much Free Training Available, PM for details

Med vennlig hilsen / Kind Regards
--
Resident: Bøer Viking

kevinchess1
Posts: 23008
Joined: Mon Jun 28, 2010 11:02 pm
Location: Miles away from the sea
Has thanked: 11938 times
Been thanked: 16152 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by kevinchess1 » Fri Feb 17, 2012 11:34 pm

macfamily wrote:I think I will hold a competition for us to guess how long it take us to get to 1 million shares. Is there any rules on competitions?


All comps hav to be approved by the 'Compertittion manlager'
Thanked by: blythburgh
Politically incorrect since 69

macfamily
Posts: 270
Joined: Fri Nov 12, 2010 8:05 pm
Location: Probally on on a Q1/2/300 airplane in Norge ;)
Has thanked: 34 times
Been thanked: 49 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by macfamily » Fri Feb 17, 2012 11:38 pm

kevinchess1 wrote:
macfamily wrote:I think I will hold a competition for us to guess how long it take us to get to 1 million shares. Is there any rules on competitions?


All comps hav to be approved by the 'Compertittion manlager'
Is there an email address/postal address/ fax address for the
'Compertittion manlager
Thank you in advance.
Thanked by: blythburgh
Want to be a Pilot and get a BA Degree? Pretty Much Free Training Available, PM for details

Med vennlig hilsen / Kind Regards
--
Resident: Bøer Viking

kevinchess1
Posts: 23008
Joined: Mon Jun 28, 2010 11:02 pm
Location: Miles away from the sea
Has thanked: 11938 times
Been thanked: 16152 times
Contact:

Re: How much of imutual you own + updated FAQs

Post by kevinchess1 » Fri Feb 17, 2012 11:39 pm

macfamily wrote:I think I will hold a competition for us to guess how long it take us to get to 1 million shares.
Simply devide
878539
by the number of days we been open
606
Then divide 1,ooo,ooo by that answer then count forward the number of day from openin
Too easy :(
Let the shares sofa be S
Days open be DO
Million be M
Start date=SD


M/DO/M + SD

Easy now :shock:
Thanked by: blythburgh
Politically incorrect since 69

Post Reply

Who is online

Users browsing this forum: No registered users and 5 guests