Club share price up by 60%

The price of Charlton shares has gone up by nearly 60 per cent since the beginning of the year, admittedly from a low base of 18.50p on 4 January to 29.50p on 25 February. But market analysts are bullish about the shares and the suggested resistance level of 29p seems to have been breached.

Like many fans I bought my shares as a form of donation to the club which also gave me a (small) stake in it. I wouldn't be interested in trading the shares and it is therefore perhaps significant that 28,646 have changed hands in the past week. Not a lot for a big company, of course, but quite significant in Charlton's case given that there have been other relatively large trades in the past few months.

This may not mean that anyone is stalking the club, simply that the club's prudent business strategy has been paying off. Plans have now been submitted for the expansion of the stadium and schemes like the Rickshaw service have attracted widespread attention. With so many football clubs badly run, it is worth recalling now and then what a good job has been done at Charlton.