Thought I would create a separate thread so it doesn’t get lost within the AGM thread and whilst related, they are separate discussion.
https://d3tepru76oevpi.cloudfront.net/production/Final-Signed-Accounts-30.06.2323.pdf
Accounts linked above.
What do people make of them?
The figures that jump out is a £7.1m trading loss (minus player sales) and a wage to turnover ratio of 81% which is way above the recommended 70%.
Results 1 to 30 of 88
-
06-02-2024 12:57 PM #1
Hibs Accounts - Year end June 2023
-
06-02-2024 01:01 PM #2
- Join Date
- May 2016
- Posts
- 414
This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 01:03 PM #3This quote is hidden because you are ignoring this member. Show Quote
We have signed a fair few boys and a lot of them will be on decent wages (vente , youan and levitt) which won’t help the next set of figures.
We should be doing everything we can to try and get 5th as we need the money.
-
06-02-2024 01:09 PM #4
- Join Date
- Oct 2018
- Posts
- 2,090
Hmm, I'm struggling to find a positive spin on this.
Maybe someone else can.
-
06-02-2024 01:09 PM #5
- Join Date
- Aug 2017
- Posts
- 14,914
This quote is hidden because you are ignoring this member. Show Quote
'Based on that, the Club expects to have record breaking revenue for the year ending 30 June 2024. For the period to 31 December 2023, the Club has produced positive earnings before interest and amortisation, inclusive of gains from player trading, and maintained a staff to turnover of 65%.'
-
06-02-2024 01:11 PM #6
- Join Date
- Aug 2017
- Posts
- 14,914
This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 01:15 PM #7
- Join Date
- Jun 2009
- Age
- 55
- Posts
- 2,206
Is there anywhere I could buy a share or two just so I could attend the AGM, etc?
Also would love to have a share just so I can say I’m a ( minuscule ) part owner.
GGTTH
-
06-02-2024 01:18 PM #8This quote is hidden because you are ignoring this member. Show Quote
But I'm with you on the crumbs of optimism.
-
06-02-2024 01:20 PM #9This quote is hidden because you are ignoring this member. Show Quote
I'm not sure if the Club maintain a register of "willing sellers", but you could approach them in the first instance.
Or wait until Saturday evening, and you'll get someone on here paying you to take them off their hands.
-
-
06-02-2024 01:30 PM #11
- Join Date
- Mar 2006
- Posts
- 22,675
I think its really important to create another thread where we get a chance to post all the information again. Just so we don't lose track of it of course....
-
06-02-2024 01:30 PM #12
- Join Date
- Oct 2018
- Posts
- 2,090
This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 01:34 PM #13
- Join Date
- Aug 2017
- Posts
- 14,914
This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 01:39 PM #14This quote is hidden because you are ignoring this member. Show Quote
Nothing wrong with this thread. It’s handy for those of us interested.
-
06-02-2024 01:44 PM #15This quote is hidden because you are ignoring this member. Show Quote
The best way to sum it up is to say that the Gordons have decided that the best way of getting their loan back is to invest in a business that they have grown, and can continue to grow to the extent that they will get that money back, and more.
-
06-02-2024 01:58 PM #16This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 02:01 PM #17This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 02:13 PM #18
- Join Date
- Feb 2017
- Posts
- 2,098
This quote is hidden because you are ignoring this member. Show Quote
I’ll take a shot at it - Our owners have invested in both the infrastructure of the club which will benefit us long term, and the playing squad which despite not having paid off yet, at least shows intent to take us forward as a club rather than settling for bottom end of the top 6 which will be our limit if we don’t match the spending of Aberdeen and Hearts. If we hadn’t invested in the squad and were performing the way we are now there would likely be the same outrage seen in the Petire out day.
The Gordon’s have then absorbed these losses as shares so nothing lost as a club as far as I can see, the risk is all on the owners.
Then to top of off we have million of £ in investment inbound.
-
06-02-2024 02:16 PM #19This quote is hidden because you are ignoring this member. Show Quote
https://www.hibs.net/showthread.php?...e-shares/page1
-
06-02-2024 02:18 PM #20
- Join Date
- Jul 2003
- Location
- United Kingdom
- Posts
- 11,780
There is nothing positive in these results. We've overspent and underachieved.
-
06-02-2024 02:27 PM #21
- Join Date
- May 2013
- Posts
- 741
This quote is hidden because you are ignoring this member. Show Quote
As for the Gordons absorbing the losses? Too right they should, they have created this mess. In addition to that, the proposed share issue will dilute the shareholding of fans wishing to safeguard the future of the club. To me, that is the club losing out.
And the Foley investment - expect yet more infrastructure to simply boost the value of the club (for the owners benefit) with a few token loans thrown in.
These accounts just show in black and white what a mess our owners / CEO are continuing to create. All very bleak IMO.
-
06-02-2024 02:32 PM #22This quote is hidden because you are ignoring this member. Show Quote
Thats a very short-sited and outdated opinion.
-
06-02-2024 02:35 PM #23
- Join Date
- May 2013
- Posts
- 741
This quote is hidden because you are ignoring this member. Show Quote
We were told to be patient many times previously, when we were reducing the debt / upgrading the stadium / building the training centre - when can we expect to ‘compete’ ?
-
06-02-2024 02:35 PM #24
- Join Date
- Feb 2019
- Location
- Dunfermline/London
- Posts
- 2,208
This quote is hidden because you are ignoring this member. Show Quote
-
06-02-2024 02:37 PM #25
- Join Date
- May 2013
- Posts
- 741
This quote is hidden because you are ignoring this member. Show Quote
Did RG say that we’d have to watch Aberdeen and Hearts x 2 enjoy group stage football, whilst we flounder to try and sneak into the top6?
Less than half the salary of Kensell too, but bash on.
-
06-02-2024 02:41 PM #26
- Join Date
- Feb 2017
- Posts
- 2,098
This quote is hidden because you are ignoring this member. Show Quote
Investment off the field is essential for our long term success. The years of prioritising it over the playing squad have been painful but now we are prioritising both equally and that’s the right approach.
-
06-02-2024 02:44 PM #27
- Join Date
- Feb 2017
- Posts
- 2,098
This quote is hidden because you are ignoring this member. Show Quote
Are folk suggesting that despite incoming investment we only spend what we earn (which will be lower without off field investment).
We tried this since the early 2000s and it’s been pretty grim for the most part.
-
06-02-2024 02:45 PM #28
- Join Date
- Jun 2009
- Age
- 55
- Posts
- 2,206
This quote is hidden because you are ignoring this member. Show Quote
GGTTH
-
06-02-2024 02:47 PM #29This quote is hidden because you are ignoring this member. Show Quote
Raise income via all fields possible and spend it?
-
06-02-2024 02:49 PM #30
- Join Date
- Feb 2017
- Posts
- 2,098
This quote is hidden because you are ignoring this member. Show Quote
Which one of these two should we not have spend money on?
Easy to say the playing squad because the current squad have not worked out but that’s easy to say with hindsight.
Log in to remove the advert |
Bookmarks