AGM Announcement

[Irish_Steve]

I don’t trust these figures. I’m away over to BroraBack to find out when Ron the Con is selling the club for flats, they know everything over there

[PatHead]

[QUOTE=Irish_Steve;6506659]I don’t trust these figures. I’m away over to BroraBack to find out when Ron the Con is selling the club for flats, they know everything over there[/QUOTE

I have heard that he is building himself a luxury castle on top of the training centre. It will be so big it can be seen from the Tynecastle Castle View suite.

All on our money.

[1van Sprou7e]

Pretty good position we're in all things considered

[gbhibby]

Figures not surprising. Participation in Europe next season should turn the finances around.

[badabing67]

This quote is hidden because you are ignoring this member. Show Quote

We’ll have ppv money included in those figures, hopefully that will have helped offset some of the losses.

We also had some commercial activity with Utilita, Avast and Eden Mill among others

[Allez Hibs]

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.

[Vault Boy]

That's not bad at all. We'll be one of the best positioned clubs in Scotland, as well as much of England's lower leagues I'd imagine.

[Irish_Steve]

[QUOTE=PatHead;6506672]

This quote is hidden because you are ignoring this member. Show Quote

I don’t trust these figures. I’m away over to BroraBack to find out when Ron the Con is selling the club for flats, they know everything over there[/QUOTE

I have heard that he is building himself a luxury castle on top of the training centre. It will be so big it can be seen from the Tynecastle Castle View suite.

All on our money.

It will be the only castle you’ll be able to see from that suite

[badabing67]

This quote is hidden because you are ignoring this member. Show Quote

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.

The club by now will have a price structure for next seasons, season tickets but does anyone have any idea how much. I really hope we are in a position to hold on to Nizzy and Porto especially if we do qualify for Europa League. I also have mixed feelings about the situation with Murray Johnson and Ethan Laidlaw. I know the club could earn a lot of money for unproven talent but could they become more valuable assets if they stay. Both are not that much younger than Josh Doig

[gbhibby]

This quote is hidden because you are ignoring this member. Show Quote

3rd is critical for a number of reasons, European football and creating a feel good factor for renewal of season tickets.

The accounts this time next year are likely to be worse. There is a good chance Nisbet and Porteous are sold. Should the club have tried to get Marciano under a contract last summer with a view to getting a transfer fee? We need a main shirt sponsor after two years of not having one. I also wonder the value of having so many ageing players under contract. Gray and Stevenson in particular.

If Nisbet and Porteous had been sold in January for the figures quoted that would have wiped out losses this financial year. That may indicate that Ron and the board feel that the clubs finances are still sound.

[worcesterhibby]

This quote is hidden because you are ignoring this member. Show Quote

I wonder how the cash position looks now.

This left the Club’s cash balance at £2.6m as of 31 December 2020....gives you a pretty decent idea

[Pagan Hibernia]

It just highlights to me how well the club has been run and how healthy our financial position was going into this pandemic.

[hibbydad]

This quote is hidden because you are ignoring this member. Show Quote

It just highlights to me how well the club has been run and how healthy our financial position was going into this pandemic.

I agree with you and whilst I have not studied the accounts in detail yet my initial thought is how important the HSL contributions are and I hope the people running HSL will have a big push to maximise these contributions. In addition now may be the time for the board to launch a rights issue to raise much needed working capital for the business

[Capt Mainwaring]

This quote is hidden because you are ignoring this member. Show Quote

Hibs are in a relatively strong position but I cannot get my head round Abwrdeen having a turnover over 50% higher than us. No wonder they performed much better then us over the last decade

That’s what consistency of European football gives you.

[matty_f]

This quote is hidden because you are ignoring this member. Show Quote

That’s what consistency of European football gives you.

I think Andy74's point earlier is relevant as well, which takes into account what's included in turnover v what's in profit.

You're right though - regularly competing in Europe would be hugely beneficial financially. We definitely need to get there and stay there.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

I agree with you and whilst I have not studied the accounts in detail yet my initial thought is how important the HSL contributions are and I hope the people running HSL will have a big push to maximise these contributions. In addition now may be the time for the board to launch a rights issue to raise much needed working capital for the business

Not sure if I like that idea.

The only person who could afford anything substantial would be Ron, and that would just increase his percentage holding, and reduce that of the fans.

I'm not sure even he would like his money locked in to shares. He would probably prefer any injection to be in the form of a loan, so that he could extract it more easily.

[hibbydad]

This quote is hidden because you are ignoring this member. Show Quote

Not sure if I like that idea.

The only person who could afford anything substantial would be Ron, and that would just increase his percentage holding, and reduce that of the fans.

I'm not sure even he would like his money locked in to shares. He would probably prefer any injection to be in the form of a loan, so that he could extract it more easily.

Given that the club has borrowed in excess of £1.8m in a 20 year loan from the government albeit interest free I really believe raising the share capital would be a better idea rather than borrowing additional funds. I would hope HSL would be in a position to invest further funds along with those of us who are in a position to purchase more shares

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Given that the club has borrowed in excess of £1.8m in a 20 year loan from the government albeit interest free I really believe raising the share capital would be a better idea rather than borrowing additional funds. I would hope HSL would be in a position to invest further funds along with those of us who are in a position to purchase more shares

I meant a loan from him. Sorry if that wasn't clear.

[hibbydad]

This quote is hidden because you are ignoring this member. Show Quote

I meant a loan from him. Sorry if that wasn't clear.

As someone who borrowed large sums of money in work through the money markets I really think it would be advantageous to raise money by shares as if you think about how long it took for us to become debt free

[Hibs4185]

This quote is hidden because you are ignoring this member. Show Quote

Given that the club has borrowed in excess of £1.8m in a 20 year loan from the government albeit interest free I really believe raising the share capital would be a better idea rather than borrowing additional funds. I would hope HSL would be in a position to invest further funds along with those of us who are in a position to purchase more shares

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

[hibbydad]

This quote is hidden because you are ignoring this member. Show Quote

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

Off course it was no brainer but do we really want to get into servicing more debt which would not be interest free in addition to the £1.8m

[hibbysam]

This quote is hidden because you are ignoring this member. Show Quote

Off course it was no brainer but do we really want to get into servicing more debt which would not be interest free in addition to the £1.8m

If it’s a case of ensuring our club strives through this horrible period? Absolutely. Not all debt is bad. I’d rather have some debt but be clearing far more money going forward league positions and European runs, meaning we are paying debt back and making shed loads on top, than having no debt but turning over next to nothing because we are still cutting our cloth accordingly after this period.

[hibbydad]

This quote is hidden because you are ignoring this member. Show Quote

If it’s a case of ensuring our club strives through this horrible period? Absolutely. Not all debt is bad. I’d rather have some debt but be clearing far more money going forward league positions and European runs, meaning we are paying debt back and making shed loads on top, than having no debt but turning over next to nothing because we are still cutting our cloth accordingly after this period.

Sam I am not advocating cutting our cloth what I am suggesting is a means to raising working capital for the business without additional interest costs which should free up more funds for improving the playing staff

[MWHIBBIES]

Reinforces the incredible job done by the club on and off the pitch this season. Cannot give them enough credit.

[WhileTheChief..]

This quote is hidden because you are ignoring this member. Show Quote

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

Yup, a lot of small businesses are doing exactly that.

It’s literally free money.

[Billy Whizz]

This quote is hidden because you are ignoring this member. Show Quote

Yup, a lot of small businesses are doing exactly that.

It’s literally free money.

What if they go bust?

[hibbysam]

This quote is hidden because you are ignoring this member. Show Quote

Sam I am not advocating cutting our cloth what I am suggesting is a means to raising working capital for the business without additional interest costs which should free up more funds for improving the playing staff

By doing what? Diluting Ron’s holding in the club, which we know isn’t an option just now, nor should it be considering the investment he has made since taking over.

[danhibees1875]

This quote is hidden because you are ignoring this member. Show Quote

The £1.8 million loan of interest free over 20 years is a no brainer. Take it whilst it’s on offer, use it if needed and pay back if not. You’ll never get a better loan offer than that. Even if it is fully utilised then it’s £90,000 per year- £7500 per month, peanuts for hibs.

Was that separate form the CBIL scheme?

The CBILS are only interest free for 1 year. Then it varies depending on the lender.

Not that I think it makes much difference to the overall points.

[WhileTheChief..]

This quote is hidden because you are ignoring this member. Show Quote

What if they go bust?

It’s a 100% government backed loan to a max of £50k for small businesses and up to 80% covered for larger loans of up to £5m for larger businesses.

[hibbydad]

This quote is hidden because you are ignoring this member. Show Quote

By doing what? Diluting Ron’s holding in the club, which we know isn’t an option just now, nor should it be considering the investment he has made since taking over.

re Under a rights issue Ron's share holding would not be diluted if he took up his rights when he arrived he said he wanted to grow the business and it may be that he along with others may have to put more money into shares to acheive that aim.