Bogus Dave
Ate my own dick
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« Reply #15 on: Thursday, March 30, 2017, 07:47:18 » |
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The financial year was our playoff season and subsequent sales in the summer wasn't it? That'll be the profit
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Things get better but they never get good
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Simon Pieman
Original Wanker
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« Reply #16 on: Thursday, March 30, 2017, 08:01:45 » |
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Sale of Nathan Byrne, possible loan write offs, play off revenue, budgeting more within our means. Could be any or all of those.
Creditors actually reduced by £2.4m in total
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Batch
Not a Batch
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« Reply #17 on: Thursday, March 30, 2017, 08:24:08 » |
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So good news, on the face of it?
cue: He's paid himself off as a creditor off and we don't know what/how much we owe him ..
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herthab
TEF Travel
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« Reply #18 on: Thursday, March 30, 2017, 08:25:46 » |
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Is this good, bad, or not enough info to decide?
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It's All Good..............
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otanswell
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Fuck em all...
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« Reply #19 on: Thursday, March 30, 2017, 08:32:54 » |
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He's not left much in there soapy tit wank
Sent from my iPhone
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___________________________________ We reign supreme...
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Simon Pieman
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« Reply #20 on: Thursday, March 30, 2017, 09:03:12 » |
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The balance sheet is healthier than the year before, the deficit has reduced. We don't know the reasons, can only read between the lines. Cash looks low but we sold Ajose & Smith in June 2016 (after the year end) which means we may not have needed so much cash held in the business on 31st May. Still looks very cash tight but we're a football club so it's not unusual (but not ideal either).
This is the position on one day of the year.
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Batch
Not a Batch
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« Reply #21 on: Thursday, March 30, 2017, 11:15:33 » |
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Last Qs from me "Creditors actually reduced by £2.4m in total"
why are the media reporting £1.2m, what have they missed? (its good if its higher!).
What did the £4.9M liabilities (£6.5) comprise of, particularly in relation to being "debt free".
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« Last Edit: Thursday, March 30, 2017, 11:18:06 by Batch »
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Simon Pieman
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« Reply #22 on: Thursday, March 30, 2017, 11:18:02 » |
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Last Q from me "Creditors actually reduced by £2.4m in total"
why are the media reporting £1.2m, what have they missed?
(its good if its higher!).
That's short term creditors, the long term have reduced too! If it's been reported it's because they missed that fact!
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Batch
Not a Batch
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« Reply #23 on: Thursday, March 30, 2017, 11:18:39 » |
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That's short term creditors, the long term have reduced too! If it's been reported it's because they missed that fact!
Oh right, thanks.
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Simon Pieman
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« Reply #24 on: Thursday, March 30, 2017, 11:22:18 » |
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Oh right, thanks.
They picked up a post on facebook which wasn't quite right
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Oaksey Moonraker
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« Reply #25 on: Thursday, March 30, 2017, 11:24:34 » |
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The balance sheet is healthier than the year before, the deficit has reduced. We don't know the reasons, can only read between the lines. Cash looks low but we sold Ajose & Smith in June 2016 (after the year end) which means we may not have needed so much cash held in the business on 31st May. Still looks very cash tight but we're a football club so it's not unusual (but not ideal either).
This is the position on one day of the year.
The cash at May 2015 could have included play off gate receipts and TV money etc so may have been inflated. The last 12 months would also see 2ND tranche from QPR on Gladwin and Luongo. Shareholder reserve/deficit is where historic profits and more likely losses are accounted in a balance sheet.I read a 1.6m profit but current and future liabilities reduced. LP is likely to have repaid some of his loans but there is still some money due including the £2m due to Andrew Black if the club is sold plus £950k due in over 5 years which could be similar. Overall it's healthier but most people will say it's what on the pitch that counts! Sent from my HTC One M9
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Private Fraser
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« Reply #26 on: Thursday, March 30, 2017, 11:32:46 » |
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Overall it's healthier but most people will say it's what on the pitch that counts!
Sent from my HTC One M9
In which case, we're bankrupt.
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Simon Pieman
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« Reply #27 on: Thursday, March 30, 2017, 13:35:42 » |
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What did the £4.9M liabilities (£6.5) comprise of, particularly in relation to being "debt free".
There's a lot of confusion being caused by the adver article, I would largely ignore their worind as it is completely inaccurate.
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garethgillman
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« Reply #28 on: Thursday, March 30, 2017, 13:51:09 » |
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There's a lot of confusion being caused by the adver article, I would largely ignore their worind as it is completely inaccurate.
Are you telling us that the press would lie and not tell everyone the full story......... how dare you
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Flashheart
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« Reply #29 on: Thursday, March 30, 2017, 14:27:21 » |
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They picked up a post on facebook which wasn't quite right
Cutting edge reporting.
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