***BREAKING NEWS*** Mongoose Cricket up for Sale
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #30 on: September 16, 2014, 07:57:32 PM »

Who is the chap that did the q&a then ? Is he selling or buying it ? From the answers to the questions he seemed far from wanting to sell ?

He is a shareholder of 6.76% of the company
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Bulldog Cricket

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #31 on: September 16, 2014, 07:58:32 PM »

Could still be the majority I suppose !! Haha.

JB

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #32 on: September 16, 2014, 08:01:08 PM »

If he has less than 7% perhaps he doesn't have a choice in the selling?
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #33 on: September 16, 2014, 08:01:36 PM »

Nearly is!!

10.26% belonging yo Mr Rehman
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RPC/Blueroom Cricket - Adie

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #34 on: September 16, 2014, 08:02:59 PM »

500k for a fairly well known brand isn't that much really. Must make the small brands around quite cheap on theory. Shows the size of the big boys I suppose.
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KettonJake

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #35 on: September 16, 2014, 08:03:49 PM »

Is it a trade show or is it open to the public?

Trade only. A few invites normally get dished out to mates/contacts who are not directly involved in cricket. I believe it may be more strict this year with the decision of GM/Kook/Slaz to abandon their separate show (which is very strictly trade only, by appointment) and head to Lords. I doubt with the way they present their ranges they will be pleased if joe blogs manages to blag his way in by flashing an invite he got from a friend.
« Last Edit: September 16, 2014, 08:23:25 PM by InsideInfo »
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Bulldog Cricket

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #36 on: September 16, 2014, 08:04:09 PM »

Is it up for 500k then ?

moggy

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #37 on: September 16, 2014, 08:05:05 PM »

The last company accounts appear to be from 2 years ago, so it's difficult to see what the current position/value are.
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #38 on: September 16, 2014, 08:06:42 PM »

500k for a fairly well known brand isn't that much really. Must make the small brands around quite cheap on theory. Shows the size of the big boys I suppose.

Mine is worth 750 maximum

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Bulldog Cricket

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #39 on: September 16, 2014, 08:08:45 PM »

500k for a fairly well known brand isn't that much really. Must make the small brands around quite cheap on theory. Shows the size of the big boys I suppose.

Where did you get 500k from Adie ?

RPC/Blueroom Cricket - Adie

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #40 on: September 16, 2014, 08:11:26 PM »

Going to cost at least 500k

Just here. Didn't say it WAS selling for that,,, just took that as a ball park.. If you are talking that much there isn't really much difference between 500-700k etc
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Bulldog Cricket

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #41 on: September 16, 2014, 08:13:01 PM »

Ah ok so just on an assumption. Sorry thought you had seen the price somewhere. I would be amazed if anyone paid anywhere near that.

Tom

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #42 on: September 16, 2014, 08:15:26 PM »

It sold for between 200,000 and 300,00 if I remember correctly from last time round.
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #43 on: September 16, 2014, 08:18:26 PM »

In theory the net assets of a company is it's value. If you are going to buy future profits need to be added in so this figure is multiplied by a multiple to get the rough selling price. It is in then bartered down from there once the due diligence has revealed any creative accounting.

If the net assets are negative the company is insolvent. Ie if all the people who are owed money ask for it tomorrow the company doesn't have the cash and assets to pay for it so will go bust.

For example.

Mr Wayne Rooney has 8 directorships, one of his companies is a film company. It's assets minus it's liabilities are 38million, in theory it's worth at least 38 million but if you bought it and carried it on then it could be worth 100million in 5 years, the seller would want more than 38million.

Very simplified commentary but you get the jist of it
« Last Edit: September 16, 2014, 08:23:17 PM by GarrettJ »
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thegowerwaft

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #44 on: September 16, 2014, 08:19:18 PM »

Question for InsideInfo - sorry to divert topic - is it THE Lords Trade Show... if so cannot wait to see photos; are the presenters public knowledge/ allowed to be shared?
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