baws 5 years a thought this new news meant they would be shut doon in 5 weeks no another 5 years BAWSQuote:
Originally Posted by greenginger
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baws 5 years a thought this new news meant they would be shut doon in 5 weeks no another 5 years BAWSQuote:
Originally Posted by greenginger
This is the key thing, I think.Quote:
Originally Posted by Lix
Ukio are tiny in a financial sense. Worth about £30 million, and right up faeces canal without any wooden propulsion mechanism.
Did Vlad not say he wanted £50 million for Hearts a few months ago? maybe Hearts should buy UKIO. Then the debt would not only be owed to themselves, it would be owned by themselves.
Bet none of us smartarse Hobo's thought of that eh! CWG and CG don't understand what is really happening.
I've tried reassuring the doubters for weeks - Hearts are screwed. Maybe today, maybe tomorrow, but they are truly, undeniably, inevitably screwed.
Bank takes over/joins with Ukio and looks at the company's with massive debts to both banks, calls the debts in, hearts can't pay, security is Tynie, Cheerio Tynie.
If these banks do merge will this mean that Romanov won't have full control of hearts debt and it will be in the hands of a third party with no links to the tramps on Gorgie?
It seems like the ***** is finally, finally hitting the fan. If I was a deluded tramp I would consider baking a few more cakes.
:partyhibb :cheers:Quote:
Originally Posted by SiMar
Bring on the big day - and let's get ready to party!!
Fixed that for you. :nerd:Quote:
Originally Posted by Twa Cairpets
On the contrary. I can exclusively reveal that the proceeds of this afternoon's Christmas garage sale, chez moi , will be used to purchase the entire share capital of UBIG and UKIO Bankas.Quote:
Originally Posted by Twa Cairpets
I will then donate the shares, all 47 quids' worth, to Rod and Sir Tam. Then we really will own them. :cb
Is it coincidence this news as well as the basketball side in the ****ter is revealed just as the hearts share issue is closing?
The Yams have a preference towards fan ownership. Sell the shares to hibs.net :aok:Quote:
Originally Posted by CropleyWasGod
Just under a week until Xmas and this story hasn't gotten tired of giving yet!
Call it £50 and it's a deal.Quote:
Originally Posted by Mikey
I'll raise that to £50 plus a Twix bar.Quote:
Originally Posted by CropleyWasGod
Oops, just finished eating the Twix. Will the wrapper do instead?
Oh Dear :greengrin
http://www.scotsman.com/edinburgh-ev...cann-1-1049341
I was just going to offer the Twix :nanafunk:Quote:
Originally Posted by Seveno
Had a peep at Ukio Bankas's website.
They raised their interest rate by 0.1% on 14 December to try and attract more deposits for a minimum six-month term!.
Also, offering free subs to travel magazines to those brave enough to entrust their holiday money (for at least a year!!) Any takers?
Interest on deposits changes
2012-12-14
From 14 December Ūkio bankas changes annual interest rates for time deposits in litas and euro.
By 0.1 per cent higher interest will be paid to the clients placing deposits via Eta bankas for a six-month or longer term as well as on deposits placed for a term longer than six months with automatic renewal (during transaction renewal). By 0.1 per cent higher interest also applies to the participants of the seniors’ program Advantages of the Age.
Please be reminded that Ūkio bankas continues a holiday deposit campaign during which the participants are presented with subscriptions to various periodicals. Newspaper subscriptions of different length will be given as a gift to private clients who place a time or savings deposit with automatic extension in the amount of LTL 10,000 and above (or the equivalent in other currency) for a minimum period of one year.
You are welcome to use Ūkio bankas services.
I got to the end of the second paragraph before checking the date :greengrinQuote:
Originally Posted by poolman
Quote:
Originally Posted by poolman
:faf::drunk::embarrassJust give up Gary son, deluded as the rest of them. Although I agree with his comment about hearts becoming as big as rangers
Edit thanks for pointing the date out mikey! Now where is my coat???
'"He must initially look to close the gap on Celtic and Rangers by consolidating third place and who knows, if the pair of them leave Scottish football, Hearts could be left as the kingpins of the game in Scotland'.
:faf:
Am I the only one who read the start of the third paragraph as "The 57 year old barking millionaire ..." ?Quote:
Originally Posted by poolman
"While we have yet to hear the full details of what his plans for the club are, supporters should be encouraged by the fact someone of his business stature and acumen is prepared to get involved at Hearts."Quote:
Originally Posted by poolman
:faf::faf::faf:
Ah this news is good ah a want to ken though is when will they close doon they are like a cat wi nine lives they must have used up ah their lives now every time it looks like the games over something seems to save them.
[IMG]http://s12.postimage.org/9mjxwqard/CLOCK_IS_TICKING.jpg[/IMG]
:flag:
What is he on ???Quote:
Originally Posted by poolman
An interesting point. Bank mergers don't happen overnight and it's likely that this one was under consideration before the HoMFC share scam - er offer - was opened. That, the security transfer and the basketball team's problems have probably arisen as a direct result of the merger negotiations.Quote:
Originally Posted by Russell The Dug
Presumably the fact that they stated in the Hearts share issue that they'll be reviewing the debt position in July is also related to the merger??Quote:
Originally Posted by Caversham Green
I was told by a young lady from Vilnius that Lietuvos Rytas were the team to support in Lithuanian Basketball circles, I feel cheated now!
Perhaps they are preparing to scuttle UBIG? Seems all its big investment projects are sinkholes, and we've seen what usable assets it had transfer to Ukio control.Quote:
Originally Posted by Caversham Green
Certainly I can't think the bank that is preparing to essentially take them over will want to inherit any of that mess...
It's still UBIG's debt rather than Ukio's even though they've assigned the security, but the transfer would suggest that they've already reviewed the debt. At the time of the brochure I took that comment to be managementspeak for an intention to pull the plug completely and nothing has happened since then to change my mind. It's looking more and more like UBIG have no choice in th matter.Quote:
Originally Posted by Mikey
Lietuvos Rytas are the Vilnius team, Zalgiris the Kaunas one.Quote:
Originally Posted by HUTCHYHIBBY
Have I still got time to buy some of these much sought after shares or are they all sold?
I Just want them to die.
Have I still got time to buy some of these much sought after shares or are they all sold?
Quote:
Originally Posted by Gmack7
Don't waste money on shares, get yourself a decent phone :agree:Quote:
Originally Posted by Gmack7
:tee hee:
Lloyds / BoS was pretty damn quick! Oh - one of them was going bust ...Quote:
Originally Posted by Caversham Green
Incredibly there are still people who still think the shares money is to be used for youth development:rolleyes:
http://www.scotsman.com/sport/footba...fort-1-2698999
Quote:
Originally Posted by Spike Mandela
:faf: What an absolute con
You can buy mine off me if you want. I found some down the back of my sofa.Quote:
Originally Posted by Gmack7
I've not opened that link but looking at the headline, I'm going have a punt and say it's written by that No1 yam fud knocker BAnderson.Quote:
Originally Posted by Spike Mandela
How did you guess :greengrinQuote:
Originally Posted by DaveF
http://s4d4.turboimagehost.com/t1/14...on_the_pan.gif
It's difficult to get your head round, but, there will be Jambo's getting gifts on Xmas day containing "shares".
They'd be better off asking for Andrex. Worth more and you can do things with it.
Ken folk that bought shares for their 9 year old daughter, they need help.Quote:
Originally Posted by Hibernia Na Eir
Maybe so, but they will all have clean ***** over the festive period.Quote:
Originally Posted by I'm_cabbaged
Over £1m apparently........
http://www.scotsman.com/sport/footba...r-1m-1-2700070
To be fair to that hideous mob that's a great effort from them in such a short period of time, at this time of year while deep down knowing that it could a waste
It's a great effort. Thankfully it won't be enough to save them.
That's a decent effort from them but its also very wrong. That 1m could of gone to a worthwhile cause. Feel sorry for all the kids who'll be getting a bit of paper for ChristmasQuote:
Originally Posted by Spike Mandela
Both my kids are getting a piece of paper this year too :wink: A stone in the East.Quote:
Originally Posted by #FromTheCapital
At the bottom of the article it confirms they are new shares- not part of Vlads holding. So no EGM etc- who needs rules, it's the Hearts way.
The real share issue is off to a bad/ poor start..........
"slip sliding away" I feel a song coming on. :wink:
http://www.nasdaqomxbaltic.com/marke...s&tab=realtime
Quote:
Originally Posted by HUTCHYHIBBY
Am I really the only person that started reading that and thought it was going to be a rude Limerick? I bet you anything he actually started it that way but couldn't think of anything that rhymed with Vilnius.
I can just imagine HH sitting their trying to write something witty...
"There was a young lady from Vilnius,
who............................................
.. aw **** it I'll just write somethin else."
:greengrin
I have my doubts about the £ 1 million worth of shares but as they are new shares the total will have to be registered at Companies House in the next couple of weeks ( I know rules don't apply to the Yams ). Anyway we will see how much spinning has been going on and if Bathgate is just one of the puddle lickers. :agree:Quote:
Originally Posted by Suburban Hibby
,,,who dealt with a team known as 'Bills R Us'Quote:
Originally Posted by keekaboo
they baked, and sold shares
till they couldnae dae mair
and they finally fell doon the lavvy-ius.
Just didn't try hard enough.:coffee:
There was a wee team down Gorgie way, whoose fans baked cakes so they could play, they bought all vlad's shares, but he stashed all their wares, and gone bust sign goes up anyday.Quote:
Originally Posted by s.a.m
How about a kaunus one.
" There was a young girl from Kaunus ,
who became a total recluse,
She said she was had,
by someone named Vlad,
and had to report the abuse "
I see that the bank have this morning issued a statement that they're working with an outside partner who will 'considerably accelerate realisation of the property taken over for debts'.
See: https://newsclient.omxgroup.com/cds/...hmentId=413953
I'm sure the PBS will be looked at.
Quote:
Originally Posted by Spike Mandela
http://i50.tinypic.com/2myosoj.jpg
Quote:
Originally Posted by Sergey
So the aim is to "maximise revenue" ..... hmmmmm
so either sell PBS or take ownership and lease back? :confused: ........ or will they crash the lot to prevent further losses and try get something back by selling whats left? ....... feels like the pace is picking up again :cb
I'll help them out, the only option if they need to raise cash urgently is to sell Tumbledown and move the Saviles elsewhere.Quote:
Originally Posted by Sergey
There are no other options other than spending *****loads to turn it into a fit for purpose stadium and that is never going to happen based on their current debt and the fact their business is a basket case with no sign of being able to reduce that debt (24m at 30/6/2011) in the short or medium term.
The 24m will have increased when they decide to announce 2012 results assuming that Vlad is unable to do more creative accounting (DFE Swaps or Forgiveness of c38m to date) to delay the inevitable.
And remember that interest accrues on that at 4.5%. That means an annual interest bill of just over £1 million, or £20,000 per week, each and every week of the year.Quote:
Originally Posted by DC_Hibs
Those next set of accounts will make interesting reading.
Add on 500k tax arrears per annum starting in May (at 42k per month) and they are relying on a lot of season ticket sales from fans eager to watch players on a fraction of what the current lot earn never mind what was blown on Kingston, Nade, Gordon, Goncalves et al.Quote:
Originally Posted by Sergey
Let's hope for their sakes they are put out of their misery before then. Perish the thought that they have to go through the heartache of watching their club living within their means.
...that's payable in a lump sum. :greengrinQuote:
Originally Posted by DC_Hibs
I think it's annual payments, with the first £500k due in May (which will account for a good few early ST sales).Quote:
Originally Posted by DC_Hibs
Quote:
Originally Posted by DC_Hibs
Quote:
Originally Posted by CropleyWasGod
As far as the accounts go it should be shown as a £1.5m cost and creditor in the 2011-12 accounts. I thought I'd read somewhere that it was to be paid off monthly starting in May, but both the deferment and the monthly payment arrangement are quite unusual. I wonder what the significance of May is.Quote:
Originally Posted by Peevemor
The company provides, "intermediation in leasing and selling commercial and residential properties".Quote:
Originally Posted by Sergey
:hmmm:
Please do not give that ramshackle heap the name of Tumbledown, they may have won the Great War to end all wars but they didn't win that battle!Quote:
Originally Posted by DC_Hibs
Definitely annual payments, Cav.Quote:
Originally Posted by Caversham Green
HMFC will have assured HMRC that they can raise the money from the proceeds of annual 5-1 parties. :agree:
That certainly seems more likely. They also usually ask for a payment up front - maybe because of the other lump sum the yams had to pay they accepted deferment of the full amount.Quote:
Originally Posted by CropleyWasGod
Were they still in the Scottish Cup when the agreement was made? Maybe they thought they were going to retain it but they've been knocked out now.
Joking aside, my take on it was "we can't give you a lump sum just now. If you insist on one, we'll just fold up the tents and you'll get nowt. However, in May we'll have next season's ST cash."Quote:
Originally Posted by Caversham Green
(whilst secretly counting up all the other bills that the ST cash would be used to pay off..................)
Really!!!!!!! The holders? OUT the cup already? :shocked:Quote:
Originally Posted by Caversham Green
Who beat them? :greengrin
Im no happy about this news when they first started this share crap i thought they would be lucky to get 100k now they are sayin they have raised over 1.2 million. BAWS i really really thought this was the end as well
If he can find a buyer at a decent price, now would be a good time for Vlad to close them done, sell the PBS and ride off into the East with £1m in his back pocket.
Jingle bells, jingle bells ............:na na:
Quote:
Originally Posted by Famous5forever
The share issue is merely a distraction to divert folks attention from the main event.
Hmmm - the bank have now withdrawn their 'B' rating from S&P
See: https://newsclient.omxgroup.com/cdsP...ssageId=658925
The 'B' rating is slightly better than a 'C' rating, which equates to: 'In default with little
prospect for recovery'
What does that mean mate ?Quote:
Originally Posted by Sergey
Another step towards the precipice. I'm loving this :aok:Quote:
Originally Posted by Sergey
Effectively the credit worthiness of UKIO.Quote:
Originally Posted by cocopops1875
The announcement is a nice bit of spin but I would suggest the reason they are withdrawing from S&P's ratings is that they know that a future downgrade is very likely. They also make the decision not to engage in international credit market their choice when I sincerely doubt they could raise a dime out of anyone anyway. Their balance sheet is shot and raising capital would be one way to help repair it, fact is they can't as no sane person or institution would touch them with a barge pole so I would suggest that is exactly why the Lith authorities have been strongly suggesting a 'merger' with another bank for UKIO.
It's almost like Craig Levein resigning after he was sacked. :agree:Quote:
Originally Posted by SiMar
You really must read these inbreds comments on the Scotsman sport pages :confused:
Even worse (if that's possible) than on yakback, talk about deluded!
Where o where do they come from???
Some definite mental health issues within the regular contributors to the Scotsman comments section- total fruitloops most of them.
The "adequate" capital and "moderate" liquidity as stated by S&P paints a better picture though? Unless the relatively ok positions there are mire than offset by the property loans and share price.Quote:
Originally Posted by SiMar
It's possible....Basket cases abound on those pages.:greengrinQuote:
Originally Posted by HIBERNIAN-0762
It's not the debt that it's important here it's cash to pay th ebills. The deby won't kill them but running out of cash most certainly will.Quote:
Originally Posted by DC_Hibs
Aye, I know.Quote:
Originally Posted by JoeTortolanoFanClub
Whats most likely to finish them off? Events in Lithuania or running out of cash here? Or a combination of both?
My bet would have been running out of cash here but things seem to be gathering pace in Lithuania.
Quote:
Originally Posted by RicheyWhite
This new news sounds good no that i understand any off it ah ahm interested in is when the lights go out and they ah go home.
They should be able to get through to the end of the season with that amount of cash raised, provided they don't do anything stupid in January (ie adding to payroll).Quote:
Originally Posted by Ozyhibby
Why do you think that? They said they needed £1.7m and have fallen well short of that. In addition, any early ST money that comes in before the end of the season will be used to pay their first £500k HMRC instalment.Quote:
Originally Posted by Part/Time Supporter
The only hope they have is getting to the LC final and if their January fire sale does exceptionally well. Then they may just scrape through.
Hence my caveat. I think if they can get in a few hundred K in fees and save about the same in wages, that should be enough to get through to season ticket renewal.Quote:
Originally Posted by Peevemor
http://wck2.companieshouse.gov.uk//compdetails
Yet another order to " strike off " the Yams recorded at Companies House. Just noticed it, on top line beside Company Status - active.
It probably just relates to the Company Annual Return being 3 months overdue but it just shows what a shambles that Club is in now.
Big Club
Lawrence Broadie @lawrencebroadie
Hearts embargo continues. Wages default with regards to bonuses etc.
Lawrence Broadie @lawrencebroadie
Club will now face new sanction at new hearing.
Forgive my ignorance but who is Lawrence broadie?Quote:
Originally Posted by H18sry
Decent if true although probably a blessing in disguise for them
Keith Downie@STVkeith STV understands 10 Hearts players are still awaiting their bonus from Scottish Cup Final victory
Ho Ho ****ing Ho:xwaveQuote:
Originally Posted by H18sry
https://twitter.com/lawrencebroadieQuote:
Originally Posted by #FromTheCapital
While a lot on here rub their hands together at the prospect of them finally going down the pan every time its flushed they keep bobbing back up like a persistent floater that just won't disappear. They may be in the toilet, but they will continue to hang on and create a bad smell.
Basically didn't happen.Quote:
Originally Posted by s.a.m
New embargo covers the whole of January. Should be a pretty skeletal squad by the time the cup semi final comes round.
Keith Downie@STVkeith Hearts players were asked by club to sign document deferring all bonus payments until the end of the season. Players chose not to
Chris McLaughlin @BBCchrismclaug #Hearts fail to pay player bonuses and transfer embargo continues. Will be lifted when players are paid in full #SPL #BBCSport
Where they going to find the bonus money from? Some players dont even play for the club anymore.
“@BBCthomasmcg: RT @BBCchrismclaug: #Hearts fail to pay player bonuses & transfer embargo continues. Will be lifted when players paid in full #SPL #BBCSport”
So Hearts still have it within their powers to sign players in January if they pay their current players in full. SPL playing a blinder for the Hearts players.
“@STVkeith: STV understands 10 Hearts players are still awaiting their bonus from Scottish Cup Final victory.”Adam,salvatori and Russet
Keith Downie @STVkeith
Hearts players were asked by club to sign document deferring all bonus payments until the end of the season. Players chose not to.
http://sport.stv.tv/football/clubs/h...layer-bonuses/
Thats only if they pay every player their full Scottish Cup win bonus. How much were they on per man. 5k? I dont really know. But they will have to fork out more money money money.Quote:
Originally Posted by Spike Mandela