Share Transfers Agreed/Cooling off period

[nonshinyfinish]

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BASSa's HOW LOW CAN YOU GO ??

Public enemy No. 1

Death row...

[Bostonhibby]

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Mon the consequences!

Consequences, consequences, we want consequences.................

[copycat]

I am sure that this is completely different, nothing to see, its all made up by media and medalling fools with bad hobonomics.

**** me when is the penny going to drop with they buffoons!!!!

Half of them still attack anyone who dares to speak out against the mad one.

[Bostonhibby]

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Romanov asking fans to save Zalgiris

4 hours and 41 minutes ago



Despite a great start of the season, serious financial troubles could see the end of Zalgiris’ great start of the season. The club’s owner Vladimir Romanov addressed the club’s fans and asked for their financial support to pay the money owed to the players.Here is a translated version of the full text of Romanov’s public letter, published in Kauno Diena, a newspaper, owned by the Russian-born businessman, who has been in charge of Zalgiris since 2009, when he saved the club from bankruptcy.

---

It is very pleasing that Žalgiris finished first in Group C of Euroleague and has a genuine chance of winning the title. However, that will require having funds to pay the salaries and bonuses of the players.
Everyone is openly declaring love for Žalgiris with promises of sponsoring the team, but no one is actually helping. Hence, there is only way to tackle the financial problems – every Zalgiris fan could invest at least 100 litas [editor - 29 euros]. Otherwise, we will have to resort to selling players and pulling out of the race for the highest places.A couple of weeks ago, we started a project called “Mes su Žalgiriu" [editor - "We are with Žalgiris"], which is open to everyone wanting to help the famous club. All they need to do is to transfer the money to the club’s account in Ūkio Bankas.Omintel mobile network clients can also support Žalgiris by calling or texting the number 1402 (5 litas).Žalgiris is part of the Lithuanian culture and everyone in Lithuania should help to save this treasure. It would be great to see the team fighting for victories at the top level at the biggest festivities of the year.

What a guy, what's he going to save next with a wave of his magic wand, the Amazon rain forests? the Siberian Tiger?, Greater Crested Newt ?or how about ressurecting the Dodo?

Keep baking.............

[Lix]

Interesting article this morning about Ukio.... Troubled and in need of a merger to save it apparently...

Lithuania Bank Merger Talk Sparks Interest in Ukio Bankas Shares
2012-12-19 11:14:41.640 GMT




By Bryan Bradley
Dec. 19 (Bloomberg) -- AB Ukio Bankas shares were the most
active since February after a news portal said the Lithuanian
central bank wants to merge it with AB Siauliu Bankas with aid
from the European Bank for Reconstruction and Development.
Volume of 1.5 million shares by 11:45 a.m. in Vilnius was
higher than any day since Feb. 2, according to data compiled by
Bloomberg. The shares were unchanged at a nine-year low of 0.11
euros, valuing the company at 38 million euros ($50 million). No
trading of Siauliu Bankas shares took place on the exchange.
The Bank of Lithuania wants the EBRD, Siauliu Bankas’s
biggest shareholder, to help it merge the two lenders to avert a
deterioration of the unprofitable Ukio Bankas, Eversus.lt
reported today, without saying where it got the information. It
would create the Baltic nation’s third-biggest lender by
deposits after the units of SEB AB and Swedbank AB.
The EBRD, which said today it won’t comment specifically on
the transaction, listed actions “to support strengthening and
consolidation of local banks” as a priority in the Strategy for
Lithuania published on its website last month.
The Bank of Lithuania won’t comment on the situation,
spokesman Giedrius Simonavicius said by phone in Vilnius today.


Shareholder Losses


Kaunas-based Ukio Bankas shares have declined 28 percent
since Oct. 29, when it reported a group net loss of 44 million
litai ($16.9 million) for the first nine months of this year.
Following the collapse of Russian-owned AB Bankas Snoras a
year ago, Ukio Bankas, whose majority owner Vladimir Romanov is
also Russian-born, has had to offer higher interest rates to
attract depositors and offset a lack of demand for its bonds.
A merger with Siauliu Bankas could only work if the EBRD
agreed, Baltic investment bank Finasta analyst Tadas Povilauskas
said today in a note to clients.
“Such a merger would not be positive news for the minor
shareholders of Ukio Bankas, the value of which would probably
be depressed,” Povilauskas said.
The EBRD owns 43 percent of Siauliu Bankas, which is based
in the northern Lithuanian town of Siauliai.


EBRD Position


“We continue our work with Siauliu Bankas, a long-standing
partner of the EBRD in Lithuania,” the bank’s Head of Media
Relations Anthony Williams said by phone today from London. “As
always, the EBRD will review opportunities as they arise.”
In its Lithuania strategy document, the EBRD said the
failure of Snoras in November 2011 showed a need “to enhance
the governance and the financial strength of local banks,
possibly through assistance in consolidation.”
“The bank will consider, primarily through the EBRD’s
existing shareholding in Siauliu Bankas, opportunities to play
an active role in the process,” it said in the policy document.

[Mikey]

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Interesting article this morning about Ukio.... Troubled and in need of a merger to save it apparently...

Presumably it would be in the best interests of the bank to cash in on any potential investments. Like land in Edinburgh

[greenginger]

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Presumably it would be in the best interests of the bank to cash in on any potential investments. Like land in Edinburgh

Somebody sold almost 1.5 million shares in the bank in one trade about an hour ago.

[Leithenhibby]

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Somebody sold almost 1.5 million shares in the bank in one trade about an hour ago.

Is that good or bad?.........


Trading is up for the day!!

http://www.nasdaqomxbaltic.com/marke...s&tab=realtime

[RyeSloan]

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Interesting article this morning about Ukio.... Troubled and in need of a merger to save it apparently...

Lithuania Bank Merger Talk Sparks Interest in Ukio Bankas Shares
2012-12-19 11:14:41.640 GMT




By Bryan Bradley
Dec. 19 (Bloomberg) -- AB Ukio Bankas shares were the most
active since February after a news portal said the Lithuanian
central bank wants to merge it with AB Siauliu Bankas with aid
from the European Bank for Reconstruction and Development.
Volume of 1.5 million shares by 11:45 a.m. in Vilnius was
higher than any day since Feb. 2, according to data compiled by
Bloomberg. The shares were unchanged at a nine-year low of 0.11
euros, valuing the company at 38 million euros ($50 million). No
trading of Siauliu Bankas shares took place on the exchange.
The Bank of Lithuania wants the EBRD, Siauliu Bankas’s
biggest shareholder, to help it merge the two lenders to avert a
deterioration of the unprofitable Ukio Bankas, Eversus.lt
reported today, without saying where it got the information. It
would create the Baltic nation’s third-biggest lender by
deposits after the units of SEB AB and Swedbank AB.
The EBRD, which said today it won’t comment specifically on
the transaction, listed actions “to support strengthening and
consolidation of local banks” as a priority in the Strategy for
Lithuania published on its website last month.
The Bank of Lithuania won’t comment on the situation,
spokesman Giedrius Simonavicius said by phone in Vilnius today.


Shareholder Losses


Kaunas-based Ukio Bankas shares have declined 28 percent
since Oct. 29, when it reported a group net loss of 44 million
litai ($16.9 million) for the first nine months of this year.
Following the collapse of Russian-owned AB Bankas Snoras a
year ago, Ukio Bankas, whose majority owner Vladimir Romanov is
also Russian-born, has had to offer higher interest rates to
attract depositors and offset a lack of demand for its bonds.
A merger with Siauliu Bankas could only work if the EBRD
agreed, Baltic investment bank Finasta analyst Tadas Povilauskas
said today in a note to clients.
“Such a merger would not be positive news for the minor
shareholders of Ukio Bankas, the value of which would probably
be depressed,” Povilauskas said.
The EBRD owns 43 percent of Siauliu Bankas, which is based
in the northern Lithuanian town of Siauliai.


EBRD Position


“We continue our work with Siauliu Bankas, a long-standing
partner of the EBRD in Lithuania,” the bank’s Head of Media
Relations Anthony Williams said by phone today from London. “As
always, the EBRD will review opportunities as they arise.”
In its Lithuania strategy document, the EBRD said the
failure of Snoras in November 2011 showed a need “to enhance
the governance and the financial strength of local banks,
possibly through assistance in consolidation.”
“The bank will consider, primarily through the EBRD’s
existing shareholding in Siauliu Bankas, opportunities to play
an active role in the process,” it said in the policy document.

Oh dear...sounds like a massive dilution of Vlad's shareholding.

This note basically states that UKIO is bust and needs another banks balance sheet to stop it folding altogether. Vlad's empire really has went t*ts up and Hearts are but an after thought for him now.

Hearts are left with a stadium needing multi million pound investment, substantial debts, ongoing losses and no working capital....about as bad as it could possibly be. They have already fleeced their fans for what extra cash they can and essentially the cupboard is now bare.

Bad times for the Yams and it would appear there situation is one of terminal decline.

[Mikey]

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Is that good or bad?.........


Trading is up for the day!!

http://www.nasdaqomxbaltic.com/marke...s&tab=realtime

To be selling at this point, someone either needs the money or is getting out before it falls further.

Either way, they've lost money on those shares!

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Oh dear...sounds like a massive dilution of Vlad's shareholding.

This note basically states that UKIO is bust and needs another banks balance sheet to stop it folding altogether. Vlad's empire really has went t*ts up and Hearts are but an after thought for him now.

Hearts are left with a stadium needing multi million pound investment, substantial debts, ongoing losses and no working capital....about as bad as it could possibly be. They have already fleeced their fans for what extra cash they can and essentially the cupboard is now bare.

Bad times for the Yams and it would appear there situation is one of terminal decline.

What a wee shame for them.

[Leithenhibby]

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Oh dear...sounds like a massive dilution of Vlad's shareholding.

This note basically states that UKIO is bust and needs another banks balance sheet to stop it folding altogether. Vlad's empire really has went t*ts up and Hearts are but an after thought for him now.

Hearts are left with a stadium needing multi million pound investment, substantial debts, ongoing losses and no working capital....about as bad as it could possibly be. They have already fleeced their fans for what extra cash they can and essentially the cupboard is now bare.

Bad times for the Yams and it would appear there situation is one of terminal decline.

It's serious then!!....

[Saorsa]

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What a wee shame for them.

[JimBHibees]

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Webster has proven he can't cut it at a higher level and I don't think McGowan and zaliukas are worth anything when they're out of contract in the summer (I think).

Theyll be lucky to make 100k from January sales imo

The question surely is that which other club would pay the players the wages they are currently sometimes getting at Hearts. It may suit the players better to sit and leave when their contracts run out in the summer. No club will be offering big transfer fees that is for sure.

[Part/Time Supporter]

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Oh dear...sounds like a massive dilution of Vlad's shareholding.

This note basically states that UKIO is bust and needs another banks balance sheet to stop it folding altogether. Vlad's empire really has went t*ts up and Hearts are but an after thought for him now.

Hearts are left with a stadium needing multi million pound investment, substantial debts, ongoing losses and no working capital....about as bad as it could possibly be. They have already fleeced their fans for what extra cash they can and essentially the cupboard is now bare.

Bad times for the Yams and it would appear there situation is one of terminal decline.

Like Lloyds taking over HBOS, which helped to precipitate the Rangers meltdown. Friendly lender HBOS was replaced by nasty London-based Lloyds, who had no such "loyalties".

[Famous5forever]

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Oh dear...sounds like a massive dilution of Vlad's shareholding.

This note basically states that UKIO is bust and needs another banks balance sheet to stop it folding altogether. Vlad's empire really has went t*ts up and Hearts are but an after thought for him now.

Hearts are left with a stadium needing multi million pound investment, substantial debts, ongoing losses and no working capital....about as bad as it could possibly be. They have already fleeced their fans for what extra cash they can and essentially the cupboard is now bare.

Bad times for the Yams and it would appear there situation is one of terminal decline.

This news must mean the end for them this is it its over they wont riggle out of this one mad vlad is bust

[shagpile]

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Somebody sold almost 1.5 million shares in the bank in one trade about an hour ago.

Someone is very desperate to get their hands on £23.87.

[Leithenhibby]

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Someone is very desperate to get their hands on £23.87.

Haha ....

[greenginger]

Due Diligence will take about 5 years and cost more than the Bank is worth !

[Jim44]

On the Jambo football front, the Scott Robinson issue has been dealt with. The naughty boy has been censured by McGlynn and the details of the punishment will be kept within the club. I can hear McGlynn talking to Robinson. "See yon wages you never get? Well we're no giving you them for the next two weeks. In fact, you give us two weeks wages and we'll call it quits". :-)

[Just Alf]

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This news must mean the end for them this is it its over they wont riggle out of this one mad vlad is bust

just got a reply from my mate an accountant (and a YAM :D ) ..... in his proffesional opinion there's a 20% chance the Yams will get through this unscathed.... he did say one of the partners (a sheep) thinks it's near 5% chance.

might be another false dawn.... sorry... sunset..... but you never know!

[Famous5forever]

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Due Diligence will take about 5 years and cost more than the Bank is worth !

baws 5 years a thought this new news meant they would be shut doon in 5 weeks no another 5 years BAWS

[Twa Cairpets]

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...The shares were unchanged at a nine-year low of 0.11
euros, valuing the company at 38 million euros ($50 million)....

This is the key thing, I think.

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.

[Russell The Dug]

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.

[BEEJ]

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Oh dear...sounds like a massive dilution of Vlad's shareholding.

This note basically states that UKIO is bust and needs another banks balance sheet to stop it folding altogether. Vlad's empire really has went t*ts up and Hearts are but an after thought for him now.

Hearts are left with a stadium needing multi million pound investment, substantial debts, ongoing losses and no working capital....about as bad as it could possibly be. They have already fleeced their fans for what extra cash they can and essentially the cupboard is now bare.

Bad times for the Yams and it would appear there situation is one of terminal decline.

Bring on the big day - and let's get ready to party!!

[Peevemor]

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This is the key thing, I think.

Ukio are Tynie in a financial sense.

Fixed that for you.

[CropleyWasGod]

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This is the key thing, I think.

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.

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.

I will then donate the shares, all 47 quids' worth, to Rod and Sir Tam. Then we really will own them.

[Russell The Dug]

Is it coincidence this news as well as the basketball side in the ****ter is revealed just as the hearts share issue is closing?

[Mikey]

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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.

I will then donate the shares, all 47 quids' worth, to Rod and Sir Tam. Then we really will own them.

The Yams have a preference towards fan ownership. Sell the shares to hibs.net

[HUTCHYHIBBY]

Just under a week until Xmas and this story hasn't gotten tired of giving yet!

[CropleyWasGod]

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The Yams have a preference towards fan ownership. Sell the shares to hibs.net

Call it £50 and it's a deal.