Hibs post profit

[1875STEVE]

http://www.edinburghnews.scotsman.co...umph-1-4261753

[Highland_Hibee]

There are folk on FB who can still find negatives from this. Unbelievable. Makes me so proud to think of our SC achievement on the back of this. Ain't no dipping into the poppy fund on our way to glory.


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[1875STEVE]

And on the EEN comments.

"If you hadn't won the cup"

We did, we made the money, deal wit it ffs.

"No cup win this season"

Crowds up 7k a week though...

£2.5m sitting in the bank as well.

[Wee Effen Bee]

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http://www.edinburghnews.scotsman.co...umph-1-4261753

Not according to some in the comments section. I never understand why people do this. If the article was full of errors fair dos, but...!

[Bostonhibby]

No charities were harmed in the making of this profit. Nor was an administration required. Well done hibs

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[Biggie]

Hearts fans be like "what is this "profit" they talk about" ?.....and I liked the line "no external debt"......digging that **** boys.

[superfurryhibby]

All very well and good but how can we reconcile this profit with not paying our full dues to a pubically owned bank?

[CropleyWasGod]

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All very well and good but how can we reconcile this profit with not paying our full dues to a pubically owned bank?

You've made a **** of your post.

[Hamish]

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You've made a **** of your post.

Ach be fair he was only a **'hair away CWG

[iwasthere1972]

Nearly £25 million fixed assets. About £25 million less a light bulb more than the Yams.

[hibby6270]

Do shareholders get a copy of Rod's letter and a copy of the accounts sent to them to see the full story?

[CropleyWasGod]

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Do shareholders get a copy of Rod's letter and a copy of the accounts sent to them to see the full story?

Yep.

In past years, the press announcement and the sending of the accounts have happened almost simultaneously.

You'll also get an invitation to the AGM.

[Golden Bear]

Ah well, that's that then, I'll not bother opening the envelope which just popped thru my letterbox. The wise men of hibs net have spoken!

[Col2]

Kickback mutants are raging.

Some are giving us token credit but only because we are trying to follow them.

Yet not one of them admit they have paid c3-4million to budge for zero shares to date and still have an extended period to go before they might have control. Budge has moved the goalposts already and until the new mega stand is finished she will be keeping her options to ensure she doesn't lose a penny.

And not one can understand that crowds up by 5k might just have a not so small impact on any loss like previous years.

Bitter and frankly bored they are now that Hibernian FC won the Scottish Cup in 2016 and now post excellent annual results when they predicted administration or equivalent.

GET IT RIGHT UP YE JAMBO FUDS.

[bigwheel]

Decent result...but a small profit, compared to the level of income increase....we really need to get promoted this year...stating the obvious!

[Kojock]

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Kickback mutants are raging.

Some are giving us token credit but only because we are trying to follow them.

Yet not one of them admit they have paid c3-4million to budge for zero shares to date and still have an extended period to go before they might have control. Budge has moved the goalposts already and until the new mega stand is finished she will be keeping her options to ensure she doesn't lose a penny.

And not one can understand that crowds up by 5k might just have a not so small impact on any loss like previous years.

Bitter and frankly bored they are now that Hibernian FC won the Scottish Cup in 2016 and now post excellent annual results when they predicted administration or equivalent.

GET IT RIGHT UP YE JAMBO FUDS.

"Arguing with a Jambo is like playing chess with a pigeon; no matter how good you are at chess the pigeon is just going to knock over the pieces, crap on the board and strut around like it’s victorious."

[hibby6270]

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Yep.

In past years, the press announcement and the sending of the accounts have happened almost simultaneously.

You'll also get an invitation to the AGM.

Thanks for that. Only purchased shares earlier this year, so wasn't sure.
I'll await the the postie to deliveeerrr!!

[Callyballybe]

Fantastic news. One of the stand out points for me was the 'wages to turnover ratio' going down from 61% to 54% - That really is a great bit of work from Hibs.

On another note, the comments at the bottom of the article are ridiculous, bordering on insane. Some highlights are:

"Pending an 800k fine from Glasgow City Council...that'll rip the hobos wee piggy bank profit to pieces."

and

"So basically Hibs overspent to reach - and win - the Scottish Cup. Had they not won it, they'd have made a loss." - This man (or woman) must be a genuis, or at the very least, a financial expert. Their analysis of the circumstance is astounding.

[Kavinho]

Great reading the article, painful reading the comments

[Mathias Jack]

Forgive me for being thick here, but i'll ask it anyways!

It says our total tangible fixed assets (Easter Road and East Mains) are £24.3 million. If they're in our accounts, the stadium belongs to the club, and not the holding the company like it used to then?

[CropleyWasGod]

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Forgive me for being thick here, but i'll ask it anyways!

It says our total tangible fixed assets (Easter Road and East Mains) are £24.3 million. If they're in our accounts, the stadium belongs to the club, and not the holding the company like it used to then?

The Holding Company has never owned EM. Not sure that it ever owned ER either...

[Mathias Jack]

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The Holding Company has never owned EM. Not sure that it ever owned ER either...

Apologies, it was just the stadium I meant, not EM. A Yam was asking, I just wanted to go back with my facts right ha ha

[jacomo]

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"Arguing with a Jambo is like playing chess with a pigeon; no matter how good you are at chess the pigeon is just going to knock over the pieces, crap on the board and strut around like it’s victorious."

A Jambo would lose a game of chess against a pigeon.

And they would be very bitter about it too, slagging off the pigeon for being wee.

[Wilson]

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Ach be fair he was only a **'hair away CWG

Superfurry hibby indeed.

[Jack Hackett]

Their seethe consumes them

[dp00]

Some of the jambos I know will still try to tell you we are struggling for cash and are close to going into admin


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[Deansy]

The 'Comments section' in the EEN - the muppets have a '24/7 Hibs-thread alert' who are fanatical about all-things Hibs !. They've no shortage of 'Elmer's in this crack 'Hit-squad' - each and every one of them complete fudds !

[Bostonhibby]

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Some of the jambos I know will still try to tell you we are struggling for cash and are close to going into admin


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Have they told you the one about how they are getting shares in their club?

The romanov cash only share "issue" was hilarious but right now it looks like we ain't seen nothing yet.

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[Bostonhibby]

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The 'Comments section' in the EEN - the muppets have a '24/7 Hibs-thread alert' who are fanatical about all-things Hibs !. They've no shortage of 'Elmer's in this crack 'Hit-squad' - each and every one of them complete fudds !

Hit with a silent S at the beginning presumably

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[greenginger]

Cup runs to two finals and our turnover is just over £ 7 million.

Back in 2006 and 2007 our turnover was £ 8.7 million and £ 9.8 million . These are figures before any transfer fees are taken into account . Our share of the league revenue will be smaller by being in a lower division but £ 2-3 million.

I wish Hibs would provide us with a breakdown of the revenue figure. Every other club does !