While I'm not a massive fan of either Utd. or Wednesday, I do have a soft spot for money. Considering Sheffield United are both 3rd in their league and also a publicly listed company, does anyone else think it's worth a 'gamble' buying some shares in them? If United secure a place in the Premiership then their share price will (hopefully) go up due to the increased TV and sponsorship revenue.

What does anyone else think?

(Just to keep things honest here, I already purchased some shares in them last week and I did it as a gamble. Don't forget their share price can go up as well as down and this post is not meant to be a recommendation to buy... phew.)

I would have thought so, but I'd be happy to listen to someone's view who know's a bit more about this sort of thing than me.

My way of looking at it is this: if they don't get promoted, or even get relegated, the value of the shares won't go down by much. If they go up however, the sky's the limit.

Well it can't get much lower. I remember not so long ago when they were around 90p. Yes, they could well go up. In fact I have a considerable amount of shares in Millwall, which I have had since they were in division 2.

Do it, then I can come with you in the directors box! :D

Not sure about a director's box, but my shares have gone up 18% since I first posted this thread. This only equates to around £50 profit (I couldn't afford many!) but it's better than nothing. I think their FA Cup victory of Forest did the trick - but I'm not holding my breath as the shares seem volatile to say the least!

PS. See disclaimer in my original post ;)

Ive made £12.00!!

Even though I'm a Blade I wouldn't do it, they aren't gonna go up massively and football shares are fickle to say the least, check this link for last years performance:

http://www.thisismoney.com/detail.asp?epic=SUT

Originally posted by fnkysknky
...they aren't gonna go up massively...

Well define "massively"! According to that graph you provided, the shares went up 30% between July and October - by anyone's standards that's a 'massive' increase! Like I said, it's a volatile stock that's never going to make the FTSE100, but you can hardly say it doesn't go up (or down) massively... :o

...edit:
Having looked at the graph even further, I see they also jumped 140% (5p to 12p) between October 02 and July 03. :lol:

The thing is with penny shares you'll lose that again in a day or two. Looking at that performance graph it's not exactly stable and that's the problem with investing in footy clubs - one bad match and the lot can go in an instant. Fair enough if you're confident in them then by all means have a dabble (and good luck to you) but personally United have cost me enough money over the years without wanting to lose anymore on shares :)

As I've said since the start (and keep pointing out) these are a volatile stock and everyone should be aware of that if they purchase them. However, just because they are volatile doesn't mean they won't go up (or down) massively as you originally suggested - that's all I'm trying to point out :)

Originally posted by fnkysknky
The thing is with penny shares you'll lose that again in a day or two.
To be fair, if you look at the graph the fluctations seem to happen every few weeks or even months - the graph isn't full of tightly grouped vertical lines. I can more than understand if you don't want to purchase them, but so far you haven't really given a solid reason for it, apart from your personal taste/reasons.

As for penny shares in general, I lost quite a lot of money on over priced BT and Vodafone shares - two FTSE 100 companies. Penny shares are generally more risky, but you can still make money them if you get the right ones - the value of the individual share doesn't reflect how good or bad a company is.

Yeah and I'm not having a go at you, basically that graph relates to how last season went, you can quite easily see where we lost in the playoffs etc. All I'm saying is that in my view I don't think it's worth the risk as it basically boils down to gambling on football matches - which would bring in a higher income than buying shares in them anyway. I used to work for a bookmaker though and tend to stay away from gambling tbh :)

I wouldn't say gambling on the outcome of individual matches would make your more money that buying shares in the company. Even if they fall to half the value you still have some money, but if you bet (at a bookies) that United win and they lose - you won't have any money... ;)

Nah I'm not talking just one bet on a match - with all the online bookies around now it's sometimes possible to guarantee at least a break even or even profit if you're lucky. At the very least you can minimise your losses to the point where they are hardly relevant. Takes a lot of work though sifting through prices, special offers etc. I'd do it myself but I'm lazy :)

So why hasn't promotion helped our share price?? We had a bit of a rise in late april but then its been down down down since then!!
http://www.pennysharesonline.com/company/S/Sheffield-Utd-SUT.asp