Share Transfers Agreed/Cooling off period

[Kaiser1962]

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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

The share issue is merely a distraction to divert folks attention from the main event.

[Sergey]

Hmmm - the bank have now withdrawn their 'B' rating from S&P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'

[cocopops1875]

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Hmmm - the bank have now withdrawn their 'B' rating from S&P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 ?

[Seveno]

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Hmmm - the bank have now withdrawn their 'B' rating from S&P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'

Another step towards the precipice. I'm loving this

[RyeSloan]

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What does that mean mate ?

Effectively the credit worthiness of UKIO.

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.

[Peevemor]

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Effectively the credit worthiness of UKIO.

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.

[HIBERNIAN-0762]

You really must read these inbreds comments on the Scotsman sport pages

Even worse (if that's possible) than on yakback, talk about deluded!

Where o where do they come from???

[Mr White]

Some definite mental health issues within the regular contributors to the Scotsman comments section- total fruitloops most of them.

[Broken Gnome]

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Effectively the credit worthiness of UKIO.

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.

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.

[Jack Hackett]

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You really must read these inbreds comments on the Scotsman sport pages

Even worse (if that's possible) than on yakback, talk about deluded!

Where o where do they come from???

It's possible....Basket cases abound on those pages.

[hibs0666]

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I'll help them out, the only option if they need to raise cash urgently is to sell Tumbledown and move the Saviles elsewhere.

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.

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.

[HUTCHYHIBBY]

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Lietuvos Rytas are the Vilnius team, Zalgiris the Kaunas one.

Aye, I know.

[Ozyhibby]

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.

[Famous5forever]

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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.

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.

[Part/Time Supporter]

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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.

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).

[Peevemor]

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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).

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.

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.

[Part/Time Supporter]

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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.

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.

[greenginger]

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

[H18sry]

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.

[#FromTheCapital]

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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?

Decent if true although probably a blessing in disguise for them

[s.a.m]

Keith Downie‏@STVkeith STV understands 10 Hearts players are still awaiting their bonus from Scottish Cup Final victory

[Spike Mandela]

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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.

Ho Ho ****ing Ho

[H18sry]

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Forgive my ignorance but who is Lawrence broadie?

Decent if true although probably a blessing in disguise for them

https://twitter.com/lawrencebroadie

[Vini1875]

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.

[Broken Gnome]

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Keith Downie‏@STVkeith STV understands 10 Hearts players are still awaiting their bonus from Scottish Cup Final victory

Basically didn't happen.

New embargo covers the whole of January. Should be a pretty skeletal squad by the time the cup semi final comes round.

[s.a.m]

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

[CB_NO3]

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.

[Spike Mandela]

“@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.

[H18sry]

“@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/

[CB_NO3]

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“@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.

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.