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The All New Sevco Back in Yer Bin Thread; Taking out the trash
Topic Started: 29 Apr 2018, 04:24 PM (2,086,915 Views)
TheScotsman
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Everyone's Fantasy Football first pick
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CM1975
7 May 2018, 06:18 PM
Willie Wonka
7 May 2018, 06:11 PM
CM1975
7 May 2018, 05:51 PM

Quoting limited to 3 levels deep
He’s moved up the road not to the Australian league. :lol:
The point is he's no longer in the Liverpool area.
Do gangsters only have pedal bikes, it’s a 3.5h drive to Ibrox
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Swarfega
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Gothamcelt
8 May 2018, 08:11 AM
Dave Kings Q&A.
The TOP is an irrelevance and nothing to do with the club and wants the media to stop talking about it. DK on TOP "I have spent a lot of my life with people telling me what they are going to do to me. Twenty years. I’m still here". Also saying that they never sold Morales because the money wouldn't be used to pay loans they have an agreement that it would be investe din the squad. He also says that Pena cannot come back to the club until January.
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Quote:
 
It got to a point where I agreed with the Takeover Panel that while I wouldn’t make a formal offer, one of my trust companies would make a formal offer and that the Takeover Panel would accept the company offer as being the offer coming from me personally because they know that I am never going to make an offer. They accept that.


TOP response "Hector, hold my beer"
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One sharp cookie
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Getting on a bit
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garioch
8 May 2018, 03:01 AM
My favorite reaction from der hun is the general agreement with his postulation that we'll collapse if we can't reach the champions league.

Of that my favorite was one of them who said something like 'He's right, obviously I have no knowledge of their books....'

That's the strange thing about the Celtic accounts, you can just have a look at them, with all the figures n' that, it's one of the strange things about a PLC.... it has to be public.

It's a whole new level of stupid over there, it's like a U.S. red state level of stupid where anyone who starts to act smart in any way is run out of town or turned into BBQ, everyone has to be right down at the lowest level of stupid so they can all feel comfortable.

F**k 'em, hope King persuades more of them to turn their saved turnip peelings into cash, give it to Club 1972 and they lose it all again, willful stupidity should be punished when possible.
They do realise that during the Deila reign, we failed to qualify for the Champions League two years in a row, right? The notion that CL money is keeping the lights on at Celtic Park is a fantasy they’ve built up in their heads.
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Sleepless in Drumchapel
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Imagine this were a chairman of an EPL side coming out with this cobblers.

They would be ridiculed by the media and their own fans.

Not so in Sevconia.
Edited by Sleepless in Drumchapel, 8 May 2018, 08:24 AM.
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Tam Haas
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Apart from us never spending all the CL money, Lawwell repeatedly saying we don’t budget for it & figures being available to everyone to prove this, I can see why Kng’s getting at ha ha ha
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Father John Misty
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One sharp cookie
8 May 2018, 08:23 AM
garioch
8 May 2018, 03:01 AM
My favorite reaction from der hun is the general agreement with his postulation that we'll collapse if we can't reach the champions league.

Of that my favorite was one of them who said something like 'He's right, obviously I have no knowledge of their books....'

That's the strange thing about the Celtic accounts, you can just have a look at them, with all the figures n' that, it's one of the strange things about a PLC.... it has to be public.

It's a whole new level of stupid over there, it's like a U.S. red state level of stupid where anyone who starts to act smart in any way is run out of town or turned into BBQ, everyone has to be right down at the lowest level of stupid so they can all feel comfortable.

F**k 'em, hope King persuades more of them to turn their saved turnip peelings into cash, give it to Club 1972 and they lose it all again, willful stupidity should be punished when possible.
They do realise that during the Deila reign, we failed to qualify for the Champions League two years in a row, right? The notion that CL money is keeping the lights on at Celtic Park is a fantasy they’ve built up in their heads.
2014 we made a pre tax profit of 11.17million, 2015 we made a loss of nearly 4 mill but had almost 5 million cash at bank. Last interim accounts it was 30.9 million at bank without the 12.5million from the VVD sell on fee, I bet Dave King has a recurring nightmare about the state of our accounts :lolhuns:
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puroresu_boy
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That Q&A certainly did nothing to doubt what a basket case club they run over their.

It's an easy sell to the crazies that Celtic are just a couple bad results away from financial ruin.
Edited by puroresu_boy, 8 May 2018, 08:36 AM.
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ronny_is_not_da_man
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Utterly bizarre. Sevcomedia are rightfully calling King out and slating his QA as nonsense yet FF are all slapping each others backs and saying they are all reassured and everything is good in la la land :cuckoo:
Edited by ronny_is_not_da_man, 8 May 2018, 08:35 AM.
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lenobhoy
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Broadsword
8 May 2018, 08:07 AM
The Celtic board should do nothing other than include some remarks in the audited accounts.
Audited accounts are a novelty to the huns. It's a bit like Nick Leason doubling down in the hope of winning big to cover his losses. Gerrard is well and truly effed if he has to cobble together a team from that dross.

Glib is certifiable but the huns and media are lapping it up. :lol:
Edited by lenobhoy, 8 May 2018, 08:36 AM.
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lubolubo
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The King bank account thing doesn't make sense, the initial offer intention noted King were using Alexander David Securities Limited, surely they provide client escrow accounts? They'll already have had to have done KYC before signing on.
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Mickeybhoy84
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His comments about the Paul Murray resignation should be causing alarm over there. Two directors resigning from the board is news in itself but the chairman admitting he has no idea on interest in why they resigned, even though he had dinner with one of them in between the resignations and his press briefing, is just bizarre.
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Bhoyball
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This only one league win away from parity soundbite is being lapped up by Sevconians but none of them have thought to analyse what it would really mean . If the unthinkable happened and they somehow won the league. Being seeded we would most probably qualify for EL group stages and keeping our cooeficient healthy where as they would get pumped in CL qualification not being seeded. So we would still end up bringing in millions more than them. So repeating that one off win would be just as improbable . Summary Even if the miracle for them happens winning one league isn't going to change a lot. We will be bringing in much more than them for years to come. Keeping our Euro cooeficient high is the key it makes life so much easier for us in any of the Euro qualifiers.
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MON's Left Eyebrow
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That statement is like a written statement from the pished guy in the pub who's started a fight with half of the drinkers, had his arse walloped and then doesn't know when to leave. He's back on his feet and demanding that he won and he'll prove it now while his legs are broken and his head is facing the wrong way.

King is the Black Knight. "'Tis but a scratch" will be the headline after the next Administration event.
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TheScotsman
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Ipswichbhoy
7 May 2018, 06:25 PM
I am no economist but surely every share issue reduces the value of existing shares. There is no added value to the company - it is just a way of parting fools/orcs from their money. Also, surely the share offer the GASL must make will be effected? If they go on having share issues the value of each share currently must be bombing rather than sticking at 27p or whatever it is. Not that I gaf the sooner that horde is out of business for good the better.
Theoretically the shares before and after should e worth the same
If a company has 1m issued shares valued at £1 each and has £1m of assets
Then it issues another 1m shares at £1 each, it now has £2m of assets (the original £1m assets plus £1m cash in bank)
So there would now be 2m shares worth £1 each
(This ignores costs of issue)

Dilution of control occurs where, say, someone owned 10% of them (100,000 shares @ £1 = £100,000) before the new issue but can’t afford to buy anymore
That investor therefore has the same number of shares (still 100,000 shares @ £1 = 100,000) but now it’s only 5% of the £2m company

All theory and doesn’t include any allowances for WATP
Edited by TheScotsman, 8 May 2018, 12:15 PM.
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behan
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Rosco67
4 May 2018, 03:31 PM
Twisted Steel
4 May 2018, 03:29 PM
Davie Moyes on the radio there : '' He's joining a great club with great traditions ''

Arsehole.
Do folk really expect these professional football managers to hit out with what we're all really thinking? :lol:
"He's joining a club for winks, and I've pairs of duds twice as old as those Hun bastards Sevco" or GTF.
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puroresu_boy
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He said he would like two independent board members.

Two genuine independent directors would take one look at the books and strategy and tell them they are crazy and have no clue on how to run a profitable business
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want2live4ever
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Paddy power should price up the following

Who will die first

Sevco
Betty
Philip

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tenerifetim
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TheScotsman
8 May 2018, 08:42 AM
Ipswichbhoy
7 May 2018, 06:25 PM
I am no economist but surely every share issue reduces the value of existing shares. There is no added value to the company - it is just a way of parting fools/orcs from their money. Also, surely the share offer the GASL must make will be effected? If they go on having share issues the value of each share currently must be bombing rather than sticking at 27p or whatever it is. Not that I gaf the sooner that horde is out of business for good the better.
Theoretically the shares before and after should e worth the same
If a company has 1m issued shares valued at £1 each and has £1m of assets
Then it issues another 1m shares at £1 each, it now has £2m of assets (the original £1m assets plus £1m cash in bank)
So there would now be 2m shares worth £1 each
(This ignores costs of issue)

Solution of control occurs where, say, someone owned 10% of them (100,000 shares @ £1 = £100,000) before the new issue but can’t afford to buy anymore
That investor therefore has the same number of shares (still 100,000 shares @ £1 = 100,000) but now it’s only 5% of the £2m company

All theory and doesn’t include any allowances for WATP
Surely if the shares are issued at a discount to only to a select few then overall for those who get them , the average price will drop and for the others the price will drop as well as their % holding ?
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VBI
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A pack of cards, haha. The guy is like a charmless, humourless version of Zapp Brannigan.
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Archibald P Treadwhistle
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“I don’t want any more money in the business,” said no sane businessman ever, anywhere.
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