AGM

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wizardofos
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AGM

Post by wizardofos » Mon Feb 03, 2020 9:39 am

The AGM and release of accounts has usually taken place by now. Has there been any news on this which I have missed?

super_les_mcjannet
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Re: AGM

Post by super_les_mcjannet » Mon Feb 03, 2020 9:47 am

Expect something soon, think it’s planned for this month but agree yep it’s normally done earlier.

It makes the accounts less interesting as this seasons accounts would be of more interest, I am expecting an update on where we are this season as well though.

bga
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Re: AGM

Post by bga » Mon Feb 03, 2020 11:26 am

super_les_mcjannet wrote:
Mon Feb 03, 2020 9:47 am
Expect something soon, think it’s planned for this month but agree yep it’s normally done earlier.

It makes the accounts less interesting as this seasons accounts would be of more interest, I am expecting an update on where we are this season as well though.
Wrong they will include commercial revenue brought in by the Commercial Manager!

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divas
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Re: AGM

Post by divas » Mon Feb 03, 2020 3:10 pm

Apart from the commercial manager wasn’t in situ for the full accounting period so you won’t know what was brought in prior to the commercial managers appointment

bga
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Re: AGM

Post by bga » Mon Feb 03, 2020 3:35 pm

divas wrote:
Mon Feb 03, 2020 3:10 pm
Apart from the commercial manager wasn’t in situ for the full accounting period so you won’t know what was brought in prior to the commercial managers appointment
True but it's going to be the only information we do receive on how successful or other wise the commercial department has been. In addition it will no doubt include transfer fees received be interesting if we can work out how much we got for Styche?

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don'tbuythesun
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Re: AGM

Post by don'tbuythesun » Mon Feb 03, 2020 4:05 pm

Surely as a fan owned club it's acceptable to politely ask for some breakdown of the figures so comparisons and explanations for decisions can be given? I personally want a degree of information but really just want to know if we're in profit (!)/ Breaking even / in loss. I hope based on the excellent cup run, TV revenue, sensible management and commercial activity it's one of the first two. Whilst I do contribute there are people who have massively put money into the club and I think they deserve some transparency.

super_les_mcjannet
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Re: AGM

Post by super_les_mcjannet » Mon Feb 03, 2020 6:47 pm

bga wrote:
Mon Feb 03, 2020 11:26 am
super_les_mcjannet wrote:
Mon Feb 03, 2020 9:47 am
Expect something soon, think it’s planned for this month but agree yep it’s normally done earlier.

It makes the accounts less interesting as this seasons accounts would be of more interest, I am expecting an update on where we are this season as well though.
Wrong they will include commercial revenue brought in by the Commercial Manager!
Well it will, however the point is that looking at our finances and where we were as of 30th June 2019, doesn't give us a view of where we are now, what could be 8 months later.

Therefore the accounts are less interesting than any information of what's happend since 1st July 2019 to the present day 2020. Where we are right now guides us more on what scenario we will be in the summer and not where we were in June 2019.

How commerically we have done from July 1st 2018 to 30th June 2019, probably doesn't give a fair reflection on what Commercial Director completed as he didn't join us until October 2018. I agree though an indication may be there but I don't think it confirms the role is negative or positive either way - well unless it shows revenue increase of £200k and profit increase of £100k and that would make any decision strange to remove the role.

eek
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Re: AGM

Post by eek » Tue Feb 04, 2020 12:57 pm

super_les_mcjannet wrote:
Mon Feb 03, 2020 6:47 pm
How commerically we have done from July 1st 2018 to 30th June 2019, probably doesn't give a fair reflection on what Commercial Director completed as he didn't join us until October 2018. I agree though an indication may be there but I don't think it confirms the role is negative or positive either way - well unless it shows revenue increase of £200k and profit increase of £100k and that would make any decision strange to remove the role.
No it doesn't as it might be the lack of repeat business from October 2019 which was the issue or an argument over commission rates.

Simply put we will never know so there is zero point getting stressed by it.

bga
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Re: AGM

Post by bga » Thu Feb 13, 2020 9:34 pm

To be held Friday 28th Feb. at Dophin Centre at 19.15.

hodgie1
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Re: AGM

Post by hodgie1 » Mon Feb 17, 2020 11:37 am

I maybe wrong, but I thought there had to be a month's notice of an AGM?

JE93
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Re: AGM

Post by JE93 » Mon Feb 17, 2020 11:38 am

hodgie1 wrote:
Mon Feb 17, 2020 11:37 am
I maybe wrong, but I thought there had to be a month's notice of an AGM?
14 days for private limited companies, 21 for PLC's.

hodgie1
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Re: AGM

Post by hodgie1 » Mon Feb 17, 2020 11:50 am

you learn something every day

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