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That’s great news.
.
Only one?Agreed B_W
We’re getting it right off field.....a Premiership would be nice now.
Clubs like carlton and essendon will continue to have pokies as a revenue stream.
Has anyone have any idea if we are going to go in anothrer line of buisiness or find another revenue stream?
or are we going to fall behind?
You're one hundred percent right Kappa.Does it make you feel better that by Collingwood selling their licenses literally no one in the community has been helped? And in actual fact instead of the money going to Collingwood who do work in the community it will now go to some random millionaire's bank account...
Clubs like carlton and essendon will continue to have pokies as a revenue stream.
Has anyone have any idea if we are going to go in anothrer line of buisiness or find another revenue stream?
or are we going to fall behind?
When the 18 Annual report comes out check out the Consolidated Statement of Financial Position. Under assets listed you should find "cash and cash equivalents" first. If thats anything significantly less than $10 million I would be surprised.
The only conclusion that we can come to from this is that our club is on a razors edge, and could crumble at any momentCash and cash equivalents came out at
9,162,317
They can swap "cash and cash equivalents" with me if they want!The only conclusion that we can come to from this is that our club is on a razors edge, and could crumble at any moment
The only conclusion that we can come to from this is that our club is on a razors edge, and could crumble at any moment
So concluding we are not on a razor edge, and in reasonable shape going forward l take it.Yes and no. We have about 6 million in trade creditors. Most of the cash and cash equivalents are largely what would be classified as trade working capital in effect. If we had free cash we would probably have paid down the 1.6 million of debt facility we have drawn down on.
So no, we arent on a razors edge, but nor are we taking baths in 5 dollar bills while nubile fillies massage our fetlocks.
Ok, the last may be my particular fantasy, but still.
No finals = bad
When you consider how we would have been tracking from July-May of the 17-18 financial year that’s an amazing result! Unless we s**t the bed early in 2019 the back end of 2018 will push next year’s result up toward the 2013 figures, IMO.
Yes and no. We have about 6 million in trade creditors. Most of the cash and cash equivalents are largely what would be classified as trade working capital in effect. If we had free cash we would probably have paid down the 1.6 million of debt facility we have drawn down on.
So no, we arent on a razors edge, but nor are we taking baths in 5 dollar bills while nubile fillies massage our fetlocks.
Ok, the last may be my particular fantasy, but still.
You would hope so. Makes you shudder to think what it would have been if 2018 looked like 2017. Probably needed a lower range on the Y axis.
Will be very interested to see the number for 2019 but I'm more cautious. The discounting on upgrades pre-Christmas is not generally an indicator of strong growth in overall sales year-on-year, and could bite them in future.
I haven’t had a chance to look yet, but what was the balance of our receivables? Without knowing the exact nature of it that debt facility is the same as the one that’s been on the balance sheet for a few years and I get the feeling there was a time where the club ran low on cash! I assume we have very favourable terms on it.
You auto-renew on the upgraded package for 2020 unless you opt out, maybe short term loss for a bigger ongoing commitment? They also didn't seem to know much about it yesterday and I had to push, so I'm not sure what the uptake has been like.Will be very interested to see the number for 2019 but I'm more cautious. The discounting on upgrades pre-Christmas is not generally an indicator of strong growth in overall sales year-on-year, and could bite them in future.
It’s a good question, and one that we can reasonably assume will be answered at the AGM.
It’s not as if our club has a storied investment history (Magpieland, Pubs debacle)
What investment was “Magpieland”?
Was that like a Collingwood version of Disneyland?
An Allan McAllister crazy thought bubble if I remember correctly - think he even rambled on about a French restaurant ...What investment was “Magpieland”? Was that like a Collingwood version of Disneyland?
On iPad using BigFooty.com mobile app
What investment was “Magpieland”? Was that like a Collingwood version of Disneyland?
On iPad using BigFooty.com mobile app