Annual General Meeting

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havenbairn
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Annual General Meeting

Post by havenbairn » Saturday 04th 2017f November 2017 12:41:16 PM

Falkirk FC will report an annual loss of over £300,000 for the year ended 31st May 2017.

This is despite transfer income of £325,000 and is more than double last year`s loss of £130,000.

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Sir Jones
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Re: Annual General Meeting

Post by Sir Jones » Saturday 04th 2017f November 2017 01:37:34 PM

Profit/losses are a red herring. What's the cash flow saying?
If you're committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it.

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Re: Annual General Meeting

Post by kent brockman » Sunday 05th 2017f November 2017 10:50:01 AM

Cash at Bank has declined over the year but remember this is a snapshot as at 31st May 2017.

A lot can have happened since then eg receipt of our share of the transfer income for Stephen Kingsley .
Its not the taking part that counts......its the WINNING.

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Re: Annual General Meeting

Post by gruezi ffc » Sunday 05th 2017f November 2017 11:46:45 AM

kent brockman wrote:
Sunday 05th 2017f November 2017 10:50:01 AM
Cash at Bank has declined over the year but remember this is a snapshot as at 31st May 2017.

A lot can have happened since then eg receipt of our share of the transfer income for Stephen Kingsley .
.....and the loss from the stupidity of the feasibility study commissioned by Doug Henderson !!! ..... and he wants to be re-elected as a Board Member ???
Come the revolution......George will be first against the wall :D

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Re: Annual General Meeting

Post by dixie chicken » Sunday 05th 2017f November 2017 12:12:59 PM

Just like last year, the Accounts only give the very minimum of information.
Not good and I’m sure there will be some tough questions.
Just hope the FD will attend.
The loss of £300k is after depreciation of £120k so trading loss is £180k.
Cash is down to £450k. Which is some comfort.
Don’t know what we received for Kingsley which is post year end.
Lots of questions needing to be answered and, as mentioned earlier, the information provided in the Accounts is appallingly sparse.

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Brian Scrimegour
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Re: Annual General Meeting

Post by Brian Scrimegour » Monday 06th 2017f November 2017 04:51:28 PM

Whats the date of the meeting this year?

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dixie chicken
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Re: Annual General Meeting

Post by dixie chicken » Monday 06th 2017f November 2017 06:53:12 PM

Monday 27th.

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Brian Scrimegour
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Re: Annual General Meeting

Post by Brian Scrimegour » Tuesday 07th 2017f November 2017 10:39:01 AM

dixie chicken wrote:
Monday 06th 2017f November 2017 06:53:12 PM
Monday 27th.
Thanks. I've moved house so will need to ask them to send me a pack to my new abode.

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Re: Annual General Meeting

Post by Back Post Misses » Tuesday 07th 2017f November 2017 11:33:44 AM

dixie chicken wrote:
Sunday 05th 2017f November 2017 12:12:59 PM
Just like last year, the Accounts only give the very minimum of information.
Not good and I’m sure there will be some tough questions.
Just hope the FD will attend.
The loss of £300k is after depreciation of £120k so trading loss is £180k.
Cash is down to £450k. Which is some comfort.
Don’t know what we received for Kingsley which is post year end.
Lots of questions needing to be answered and, as mentioned earlier, the information provided in the Accounts is appallingly sparse.
Correct Dixie

It is disgraceful the lack of information provided to shareholders

It just smacks of "lets bury the skeltons and provide no year on year comparison so no one can question with any clarity"

You can only hope the new regime (post this) will be much more transparent.

All is good in the world of Colin Liddell though

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Re: Annual General Meeting

Post by Back Post Misses » Tuesday 07th 2017f November 2017 11:34:30 AM

Sir Jones wrote:
Saturday 04th 2017f November 2017 01:37:34 PM
Profit/losses are a red herring. What's the cash flow saying?
Not if you keep producing losses of 300k/180k it is not

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Brian Scrimegour
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Re: Annual General Meeting

Post by Brian Scrimegour » Tuesday 07th 2017f November 2017 02:12:23 PM

dixie chicken wrote:
Monday 06th 2017f November 2017 06:53:12 PM
Monday 27th.
I'm sure they'll be out with the old confidentiality rubbish like last year when the questions were asked about the briefness of the accounts.

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Kiddy
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Re: Annual General Meeting

Post by Kiddy » Tuesday 07th 2017f November 2017 02:25:25 PM

Who's got the rights to 'the' Falkirk FC?
No financial regulation, no corporate governance, no enlarged divisions, no summer football, no single ruling body, no new cash, no integrity. Behold the 'bright new dawn' for Scottish football,

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Ranaldo Bairn
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Re: Annual General Meeting

Post by Ranaldo Bairn » Tuesday 07th 2017f November 2017 03:03:00 PM

Let's chip in to buy the history.

I'll have 1913, you can have 1957 Kiddy.
"You, who have destroyed so much - can you name even one thing you have created? I thought not. There is no place in this enterprise for a rogue Physicist."

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Sir Jones
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Re: Annual General Meeting

Post by Sir Jones » Wednesday 08th 2017f November 2017 07:42:40 AM

Back Post Misses wrote:
Tuesday 07th 2017f November 2017 11:34:30 AM
Sir Jones wrote:
Saturday 04th 2017f November 2017 01:37:34 PM
Profit/losses are a red herring. What's the cash flow saying?
Not if you keep producing losses of 300k/180k it is not
A grey area this one. You can get away with posting losses for years and still grow your balance sheet. It'll catch up with you in the end though. Had we been sitting with limited cash funds I'd be seriously concerned.
If you're committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it.

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Sir Jones
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Re: Annual General Meeting

Post by Sir Jones » Wednesday 08th 2017f November 2017 07:48:17 AM

Back Post Misses wrote:
Tuesday 07th 2017f November 2017 11:33:44 AM
dixie chicken wrote:
Sunday 05th 2017f November 2017 12:12:59 PM
Just like last year, the Accounts only give the very minimum of information.
Not good and I’m sure there will be some tough questions.
Just hope the FD will attend.
The loss of £300k is after depreciation of £120k so trading loss is £180k.
Cash is down to £450k. Which is some comfort.
Don’t know what we received for Kingsley which is post year end.
Lots of questions needing to be answered and, as mentioned earlier, the information provided in the Accounts is appallingly sparse.
Correct Dixie

It is disgraceful the lack of information provided to shareholders

It just smacks of "lets bury the skeltons and provide no year on year comparison so no one can question with any clarity"

You can only hope the new regime (post this) will be much more transparent.

All is good in the world of Colin Liddell though
I don't think there's anything deliberate in the lack of information in the accounts. It's a standard set of accounts containing the legal minimum. Few across the land voluntarily churn out accounts with more detail than they need. It's rarely worth the hassle and costs more to produce.

Preaching to the choir here but where things really disappoint a great deal is outwith the annual accounts. The club is far too obtuse around why it should share more details. It doesn't help that we have a MSG that probably doesn't give much of a sh1t and AGM's that typical focus on the namby pamby stuff - the questions historically asked at our AMG's are laughable.
If you're committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it.

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Olaf Thom
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Re: Annual General Meeting

Post by Olaf Thom » Wednesday 08th 2017f November 2017 01:19:13 PM

the questions historically asked at our AMG's are laughable.
...and Thank the Lord for that! otherwise the AGM would be really boring! You get more entertainment with these questions than most of the football on show for the past few seasons!

My Favorites were "That Austrian Clown in goals" question.
Mr "Why aren't we looking at the Juniors"
Mrs " When will we extend our lease on the stadium, we only have 90 years left!"

Great stuff!
I'm a bad man who doesn't waste time wondering what could've been when I am what could've been and what could not have been. I live on both sides of the fence. My grass is always green.

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dixie chicken
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Re: Annual General Meeting

Post by dixie chicken » Wednesday 08th 2017f November 2017 02:16:49 PM

Don’t really agree with that.
Last year, some tough questions were asked which Doug Henderson was unable to answer and blamed it on the non- attendance of the FD.
In the past Martin Ritchie would supply charts showing the make up of the income and detailed analysis of expenditure.
That didn’t happen last year and I have my doubts as to whether more info will be given this year.
I don’t recognise what has been said by Olaf and others.
We’re you there last year?

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Olaf Thom
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Re: Annual General Meeting

Post by Olaf Thom » Wednesday 08th 2017f November 2017 09:44:34 PM

Missed last years, will more than likely be at this years one.
I'm a bad man who doesn't waste time wondering what could've been when I am what could've been and what could not have been. I live on both sides of the fence. My grass is always green.

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dennybairn
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Re: Annual General Meeting

Post by dennybairn » Thursday 09th 2017f November 2017 06:44:09 AM

Sir Jones wrote:
Wednesday 08th 2017f November 2017 07:48:17 AM
I don't think there's anything deliberate in the lack of information in the accounts. It's a standard set of accounts containing the legal minimum. Few across the land voluntarily churn out accounts with more detail than they need. It's rarely worth the hassle and costs more to produce.

Preaching to the choir here but where things really disappoint a great deal is outwith the annual accounts. The club is far too obtuse around why it should share more details. It doesn't help that we have a MSG that probably doesn't give much of a sh1t and AGM's that typical focus on the namby pamby stuff - the questions historically asked at our AMG's are laughable.
Agreed - no point doing anything more, the compliance costs outweigh any possible benefits.
Let's hear it for the lovely ladies.

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Brian Scrimegour
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Re: Annual General Meeting

Post by Brian Scrimegour » Thursday 09th 2017f November 2017 10:08:14 AM

I think the issue people like Dixie have is that when asked if we could get a more thorough set of accounts we were given data confidentiality as a reason why we couldnt and nothing to do with costs etc.

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