Speedbird 100 IPA & Air Craft - Brewdog specials for 100 year celebrations
Apr 24, 2019, 9:43 am
#61
Join Date: Oct 2017
Location: London
Programs: BA Gold / OW Emerald
Posts: 753
What really gets me is that they sell "equity" that are essentially just fundraising and not shares as in company stock. Absolutely dishonest.
Apr 24, 2019, 9:50 am
#62
Join Date: Oct 2015
Posts: 90
Apr 24, 2019, 1:23 pm
#65
Join Date: May 2016
Location: GLA
Programs: BAEC Bronze
Posts: 143
What makes you say that?
I sold half my Brewdog 'shares' for a 30x profit. Pretty happy with that. How long would I have had to have held real shares like IAG for that kinda return?
Apr 24, 2019, 1:25 pm
#66
Join Date: Sep 2017
Location: Central Scotland, UK
Programs: BAEC Gold
Posts: 286
The shares are “proper” shares, they are selling B shares which have equal rights to the A shares held by founders and very early investors. The A shareholders swamp the B shareholders but A and B are both voting and have same rights to dividends and assets on winding up. Have a look at the filings on Companies House.
Apr 25, 2019, 2:01 am
#68
Join Date: Oct 2017
Location: London
Programs: BA Gold / OW Emerald
Posts: 753
The shares are “proper” shares, they are selling B shares which have equal rights to the A shares held by founders and very early investors. The A shareholders swamp the B shareholders but A and B are both voting and have same rights to dividends and assets on winding up. Have a look at the filings on Companies House.
You're paying maybe twice as much as the share is worth on an open market (maybe more) just because they made some clever marketing for it. That's without counting the fact they're sending the profits to other preferred investors or redistributing them to employees/charity, so tough luck getting a dividend.
Finally:
The Company may undertake further equity financing which may be dilutive to existing Shareholders or result in an issuance of securities (such as further Preferred C Shares or other classes with enhanced rights) whose rights, preferences and privileges are senior to those of holders of B Shares, reducing the value of B Shares subscribed for under the Offer and the Company may take such actions without the specific consent of the holders of B Shares
Last edited by thebigben; Apr 25, 2019 at 2:14 am
Apr 25, 2019, 3:09 am
#70
Join Date: Oct 2015
Posts: 90
The shares are “proper” shares, they are selling B shares which have equal rights to the A shares held by founders and very early investors. The A shareholders swamp the B shareholders but A and B are both voting and have same rights to dividends and assets on winding up. Have a look at the filings on Companies House.
Apr 25, 2019, 3:28 am
#71
Join Date: Jul 2010
Programs: BD Silver, HH Gold, BA Silver, CX Gold
Posts: 443
This statement is flawed. Plenty of examples of people in raises 1-3 that made significant returns on their equity by selling it.
Apr 25, 2019, 4:06 am
#72
Join Date: Oct 2017
Location: London
Programs: BA Gold / OW Emerald
Posts: 753
I'll admit to my wording being bad. But that's not because people made money. People made money out of Initial Coin Offerings. People also lost money. They give you an actual share (which has less privileges than others) in the process, but the whole thing is really a marketing exercise and not an investment, as I detailed in my more detailed message a couple of posts above.
Last edited by thebigben; Apr 25, 2019 at 4:15 am
Apr 25, 2019, 5:39 am
#73
Join Date: Feb 2012
Location: London, UK
Programs: BA Executive Club Blue
Posts: 964
On CityFlyer I believe this will be in both ET and CE. On mainline short haul it will be in CE and also ET BOB. I haven't seen any confirmation regarding long haul but I'd be surprised if it's not available in all classes, given it's a part of the centenary celebrations.
Apr 25, 2019, 8:15 pm
#74
Join Date: Aug 2015
Location: IAD
Programs: BAEC Gold, Hilton Gold, SPG Gold
Posts: 347
Apr 26, 2019, 12:57 am
#75
Join Date: May 2016
Location: GLA
Programs: BAEC Bronze
Posts: 143
I'll admit to my wording being bad. But that's not because people made money. People made money out of Initial Coin Offerings. People also lost money. They give you an actual share (which has less privileges than others) in the process, but the whole thing is really a marketing exercise and not an investment, as I detailed in my more detailed message a couple of posts above.
At that time the p/e was 20, basically the same as Wetherspoon or Fullers.