The Takeover Thread - Recon Group - NOW WITH NEW POLL

[Ger Regan]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

I'm just a simple engineer, but that doesn't look too clever, does it?

[The Laughing Policeman]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

Sorry I don't do high finance are the figures in that link good or bad?

[kippaxvilla2]

Serious question- if the sell price was the reported £60m has Lerner written off the £200m invested by him over the period of his tenure?

I think there's a load of debt being taken on also, maybe as much as £100m.

Thanks Gerrin- that presupposes that repayments would be on a structured basis- perhaps a claim by Lerner on any future profit resulting from a sale?

Where did you get that £100 million debt from? That would value the club at £160M, which is way out of kilter with what you'd think it was worth.

Also pick through the ashes of Lerner's statement, where he says he's not going to make public the financial pluses and minuses, who whatever phrase he used.

I'd guess that he's too embarrassed to admit the £200M plus it's cost him.

Presumably at some point it will become obvious when RAL have to file their final accounts when the company is wound up, assuming Dr X will have his own holding company, which I would guess is a reasonable assumption, especially given that that's how Recon appears to be structured.

Just to confirm Lerner converted his debt to equity, he has sold his stake in the club for £60m, so no debt will be left unless this group have saddled us with a loan to buy us.

[chrisf]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

... and not in great shape by the look of that. Actually no, it looks like a basket case and that's the one they chose to trumpet? Shit.

[paul_e]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

Sorry I don't do high finance are the figures in that link good or bad?

I have no idea, I was hjoping someone like Risso would comment who may be able to  make some sense of it.

[oswald funkletrumpet]

im 50/50

if there is a bucketload of money and plans to make us the biggest club in china that would be the bollocks

then di matteo is mentioned and developing the ground to generate revenue to buy players and i think is that a bottle of wash and go in his pocket

[markeeeebeeee2005]

Serious question- if the sell price was the reported £60m has Lerner written off the £200m invested by him over the period of his tenure?

I think there's a load of debt being taken on also, maybe as much as £100m.

Thanks Gerrin- that presupposes that repayments would be on a structured basis- perhaps a claim by Lerner on any future profit resulting from a sale?

Where did you get that £100 million debt from? That would value the club at £160M, which is way out of kilter with what you'd think it was worth.

Also pick through the ashes of Lerner's statement, where he says he's not going to make public the financial pluses and minuses, who whatever phrase he used.

I'd guess that he's too embarrassed to admit the £200M plus it's cost him.

Presumably at some point it will become obvious when RAL have to file their final accounts when the company is wound up, assuming Dr X will have his own holding company, which I would guess is a reasonable assumption, especially given that that's how Recon appears to be structured.

Just to confirm Lerner converted his debt to equity, he has sold his stake in the club for £60m, so no debt will be left unless this group have saddled us with a loan to buy us.

What a way to lose a load of money. Aston Villa had everything needed to build something really special. Should have bought a sports car and a nice holiday.

[paul_e]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

... and not in great shape by the look of that. Actually no, it looks like a basket case and that's the one they chose to trumpet? Shit.

No I think it's misleading.  If you look at the Summary tab and the 3 or 5 year historicals it looks like they had a massive price spike in 2015 but have collapsed back down to more 'normal' levels since.  In the middle of last year there was a long period where there's nothing recorded, would be interesting therefore to know what caused the spike and what caused that gap.

[kippaxvilla2]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

Sorry I don't do high finance are the figures in that link good or bad?

I have no idea, I was hjoping someone like Risso would comment who may be able to  make some sense of it.

That means on every measure - revenue, profit, cash, except for debt they have been deteriorating over the last five years.

[Percy McCarthy]

Serious question- if the sell price was the reported £60m has Lerner written off the £200m invested by him over the period of his tenure?

I think there's a load of debt being taken on also, maybe as much as £100m.

Thanks Gerrin- that presupposes that repayments would be on a structured basis- perhaps a claim by Lerner on any future profit resulting from a sale?

Lerner bought Villa debt free with £20m in the bank according to Doug. He won't have left it debt free, I'm not sure of the structure of the debt or amount. He will have taken a hit but not for everything he's put in. It's a bit like Mike Ashley at Newcastle and the interest free £100m the club owes him.

We are £20m overdrawn and that's about it. Lerner wrote off his debt, it's all in the accounts.

[The Laughing Policeman]

Given that he's a Doctor and owns a healthcare company maybe he's really this lot in disguise.

[john2710]

Lerner will have left us in the same financial position that he found us, debt free. Some won't believe that, they'll be the same few who believe he's been bleeding us dry for years. Anyway the slate is clean & the opportunities are there with the right people.

Let's not talk them down before they've even started.   

[PeterWithesShin]

Disappointed, I was hoping we'd be taken over by the drum machine from The Sisters of Mercy.

[Percy McCarthy]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

Sorry I don't do high finance are the figures in that link good or bad?

I have no idea, I was hjoping someone like Risso would comment who may be able to  make some sense of it.

That means on every measure - revenue, profit, cash, except for debt they have been deteriorating over the last five years.

Why is Lotus Healthcare relevant?

[Ger Regan]

The Recon Group are worth $42 billion according to credit reference agency.  I credit checked them at work.

"Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries."

has a market cap of 5.7 Bn Chinese Ruan (£600M).

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=600186:SHH

Sorry I don't do high finance are the figures in that link good or bad?

I have no idea, I was hjoping someone like Risso would comment who may be able to  make some sense of it.

That means on every measure - revenue, profit, cash, except for debt they have been deteriorating over the last five years.

Why is Lotus Healthcare relevant?

It's one of the companies owned by recon group, I think? But frankly, I'm not sure what the hell I believe any more.