Charles Morgan to build rival cars....

[Ozzie Osmond]

Perhaps a loan from Wonga would see him right!?

[groomi]

Isn't he still a major shareholder at Morgan? If so, then it doesn't seem like good business sense...

[toppstuff]

groomi said:

Isn't he still a major shareholder at Morgan? If so, then it doesn't seem like good business sense...

Ignoring the usual PH keyboard warrior cynicism, this is the major point, I would imagine his wealth is tied up in his stake in Morgan.

Maybe they are buying him out?

[DonkeyApple]

toppstuff said:

Ignoring the usual PH keyboard warrior cynicism, this is the major point, I would imagine his wealth is tied up in his stake in Morgan.

Maybe they are buying him out?

Not after this news.

[Ozzie Osmond]

toppstuff said:

I would imagine his wealth is tied up in his stake in Morgan.

"Wealth" begs the question what shares in Morgan would actually be worth on the open market. I suspect, as is often the case with a private company, the answer may be "very little". Very often any value amounts to just,

• The ongoing dividend stream, and
• Any major properties owned.

What I'm saying is that a handful of enthusiasts don't generate much "goodwill" or "brand value".

[toppstuff]

Ozzie Osmond said:

toppstuff said:

I would imagine his wealth is tied up in his stake in Morgan.

"Wealth" begs the question what shares in Morgan would actually be worth on the open market. I suspect, as is often the case with a private company, the answer may be "very little". Very often any value amounts to just,

• The ongoing dividend stream, and
• Any major properties owned.

What I'm saying is that a handful of enthusiasts don't generate much "goodwill" or "brand value".

Oh I don't know. I can think of a few Private Equity chaps who would like to get hold of the company and have a play with it.

[New POD]

Ozzie Osmond said:

toppstuff said:

I would imagine his wealth is tied up in his stake in Morgan.

"Wealth" begs the question what shares in Morgan would actually be worth on the open market. I suspect, as is often the case with a private company, the answer may be "very little". Very often any value amounts to just,

• The ongoing dividend stream, and
• Any major properties owned.

What I'm saying is that a handful of enthusiasts don't generate much "goodwill" or "brand value".

It's all about barriers to trade, and brand. There are NO significant barriers (A few million perhaps) to building a low volume car, so really it's all about brand. And it is possible to create a brand. Ref Atom ?

[Wacky Racer]

If this story is even true, I can't see why he would want the bother and stress at his age.

If he was thirty years younger maybe.

I actually think Charles comes across as a decent bloke, I hope things work out OK for him.