The 'ONLY' Independent Internet Forum for Argyle Fans
 
HomeHome  RegisterRegister  Log inLog in  

Share
 

 Virtually Debt Free. Thanks to SH

Go down 
Go to page : 1, 2, 3  Next
AuthorMessage
P.O.I
Admin
P.O.I

Posts : 1526
Join date : 2017-11-04
Age : 93
Location : Kingdom Of Kernow

Virtually Debt Free. Thanks to SH Empty
PostSubject: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 8:53 am

[You must be registered and logged in to see this link.] parteeeeee

_______________________________________
A man once said "Death smiles at us all. All a man can do is smile back.”
Back to top Go down
Jethro

Jethro

Posts : 6421
Join date : 2013-01-03
Age : 29
Location : Dorset

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 9:19 am

Thank you Simon and Jane, mexican
Back to top Go down
P.O.I
Admin
P.O.I

Posts : 1526
Join date : 2017-11-04
Age : 93
Location : Kingdom Of Kernow

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 9:25 am

Actually, he's cancelled the loan. Not written it off. Bit of a difference.

_______________________________________
A man once said "Death smiles at us all. All a man can do is smile back.”
Back to top Go down
Jethro

Jethro

Posts : 6421
Join date : 2013-01-03
Age : 29
Location : Dorset

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 9:34 am

Same thing isn't it? just debt converted into shares, like before?
Back to top Go down
harvetheslayer

harvetheslayer

Posts : 5131
Join date : 2015-04-02
Age : 28
Location : Behind you Jameson....

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 10:25 am

Top perfomance Hallett....
Back to top Go down
Earwegoagain

Earwegoagain

Posts : 5414
Join date : 2017-09-09

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 10:34 am

Now that he owns nearly all the club it makes sense I mean who would lend themselves money? Makes me larf that we've been told that Brent made the club sustainable yet the truth is we'd be down the shitter again if not for Hallett.
Back to top Go down
Jethro

Jethro

Posts : 6421
Join date : 2013-01-03
Age : 29
Location : Dorset

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 10:54 am

Done more in a year then Brent ever did in 7.
Back to top Go down
seadog
Admin
seadog

Posts : 10538
Join date : 2011-05-10
Age : 60
Location : @ sea or @home

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 10:59 am

He does walk the walk.

_______________________________________
Inselaffe! FFS![You must be registered and logged in to see this image.][You must be registered and logged in to see this image.]    [You must be registered and logged in to see this image.] Religion is the root of a Evil, busy in the paint locker
Back to top Go down
harvetheslayer

harvetheslayer

Posts : 5131
Join date : 2015-04-02
Age : 28
Location : Behind you Jameson....

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 11:11 am

One of the the BMs here said to me Hallett had now funded £10.5 million for this redevelopment overall
Lot of wonga for sure and sounds like a lot of over run on costs or maybe upgrades even
Back to top Go down
PatDunne



Posts : 2108
Join date : 2013-11-21
Age : 58

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 11:16 am

This type of transaction most commonly occurs when a company is undergoing some financial difficulties so it isn't easily able to make the payments on its debt obligation. The financial difficulties are anticipated to be long term so an immediate fix is necessary to restore financial equilibrium. A company might also want to improve its cash flow by converting debt to equity.
Back to top Go down
Tgwu



Posts : 11357
Join date : 2011-12-11
Age : 70
Location : plymouth

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 11:35 am

Simon and Jane we thank you
Back to top Go down
Jethro

Jethro

Posts : 6421
Join date : 2013-01-03
Age : 29
Location : Dorset

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:01 pm

PatDunne wrote:
This type of transaction most commonly occurs when a company is undergoing some financial difficulties so it isn't easily able to make the payments on its debt obligation. The financial difficulties are anticipated to be long term so an immediate fix is necessary to restore financial equilibrium. A company might also want to improve its cash flow by converting debt to equity.

This is above my pay grade so to speak.

Simple question , is this a good or a bad thing ?
Back to top Go down
Chemical Ali



Posts : 7054
Join date : 2011-05-10
Age : 42
Location : Plymouth

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:06 pm

Graham Clark posted this on pasoti-

Four years ago in October 2015 the nominal shareholding value of the Club was £1.2m. Simon Hallett first invested £500,000 in April 2016 taking the nominal value to £1.7m.

We are now at just over £16m nominal value with Simon and Jane Hallett's share being just over £15.5m. That includes the purchase of James Brent's shareholding to secure majority control and now his 97% holding.

The cancellation of the loan means a saving annually of around £225,000 in loan and interest repayments. That will help cash flow and the bottom line.

That is the size of Simon and Jane's investment in the Club. Never in all the years of supporting the Club did I expect anyone to invest at this scale in the Club and in this manner. It is an understatement to say we, as supporters, are eternally grateful in these difficult times of financing football, particularly in the lower Leagues.

Thank you, so much.
Back to top Go down
PatDunne



Posts : 2108
Join date : 2013-11-21
Age : 58

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:08 pm

It's never a bad thing. but it's not quite the same as gifting the club 'free' money. It means a more positive day to day cash flow for the club which is great news.
Back to top Go down
Jethro

Jethro

Posts : 6421
Join date : 2013-01-03
Age : 29
Location : Dorset

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:09 pm

PatDunne wrote:
It's never a bad thing. but it's not quite the same as gifting the club 'free' money. It means a more positive day to day cash flow for the club which is great news.


Cheers that makes it clearer
Back to top Go down
Yea Man



Posts : 1361
Join date : 2016-02-19

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:39 pm

Well we've got the Argyle fan sugar daddy we wanted. On a very small scale compared to the big clubs but nonetheless this is fantastic news.

Argyle really is in the right hands again at long last.
Back to top Go down
Punchdrunk

Punchdrunk

Posts : 1444
Join date : 2016-02-18

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:39 pm

The real saviour
Back to top Go down
Punchdrunk

Punchdrunk

Posts : 1444
Join date : 2016-02-18

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:44 pm

I see that absolute weapon HC Green on PASOTI is saying that Hallett has done no better then his lord and master Bent.

Back to top Go down
Earwegoagain

Earwegoagain

Posts : 5414
Join date : 2017-09-09

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:52 pm

We could be the most virtually debt free club in non league football.
Back to top Go down
harvetheslayer

harvetheslayer

Posts : 5131
Join date : 2015-04-02
Age : 28
Location : Behind you Jameson....

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:54 pm

Yea Man wrote:
Well we've got the Argyle fan sugar daddy we wanted.  On a very small scale compared to the big clubs but nonetheless this is fantastic news.
.

You're actually partially wrong Yea Man. He is a big sugar daddy on a big scale with plenty more to come IF he wants to. This bloke is minted on a colossal scale as I have tactfully pointed out for the last 2 years.

The days of that odious speccy deceitful shyster are a distant memory
Back to top Go down
harvetheslayer

harvetheslayer

Posts : 5131
Join date : 2015-04-02
Age : 28
Location : Behind you Jameson....

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 2:56 pm

Punchdrunk wrote:
I see that absolute weapon HC Green on PASOTI is saying that Hallett has done no better then his lord and master Bent.


He's the geezer who is related to Ray Toms of the defunct Goldbergs. Either cousin or brother forget which
Back to top Go down
Punchdrunk

Punchdrunk

Posts : 1444
Join date : 2016-02-18

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 3:47 pm

might have guessed
Back to top Go down
Partridge_Green



Posts : 37
Join date : 2012-04-29

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 5:24 pm

Somebody actually willing to splash their own cash on Argyle at last. Not someone else’s or getting a foothold in the club then sitting tight while the value of their shares rise but not investing anything in the club or basics such as ground maintenance.

This is how you do the whole ‘I’m the chairman and a lifelong fan’ thing. *cough* Stapleton *cough*.
Back to top Go down
akagreengull
Admin
akagreengull

Posts : 5670
Join date : 2012-01-12
Age : 63
Location : Mutant Abbot

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 7:25 pm

So we actually have a owner with real assets financially safeguarding the club - how refreshing.
Back to top Go down
Grovehill



Posts : 871
Join date : 2012-01-24

Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH EmptyWed Sep 25, 2019 8:10 pm

akagreengull wrote:
So we actually have a owner with real assets financially  safeguarding the club  - how refreshing.
How do we know he is spending his own money?
Back to top Go down
Sponsored content




Virtually Debt Free. Thanks to SH Empty
PostSubject: Re: Virtually Debt Free. Thanks to SH   Virtually Debt Free. Thanks to SH Empty

Back to top Go down
 
Virtually Debt Free. Thanks to SH
Back to top 
Page 1 of 3Go to page : 1, 2, 3  Next

Permissions in this forum:You cannot reply to topics in this forum
 :: Home Park :: The Mayflower-
Jump to: