rambling syd rumpo Posted March 2, 2015 Share Posted March 2, 2015 (edited) So youve not got debt? It depends what you mean by debt. We're not financed by debt in the sense of loans from banks or directors or whoever. That's what's usually meant by debt. We do have creditors of £887k. Current assets (ie cash & debtors) = £673k. So net current liabilities = £214k. There's no point quoting the £887k as debt. Even St Johnstone had creditors of £695k in their last accounts, but that's meaningless without considering the other side of the equation. In Saints case that is dwarfed by a stonking £1.256m cash and £572k owed to them. So Saints have net current assets of £1.167m, which is admirably prudent. Dundee's net current liabilities of £214k isn't a great position, but it seems it's being managed. Certainly the current owners have put in more investment than was lost so the balance sheet has been strengthened (or isn't as weak). I'd prefer it to be much stronger. I'd certainly want us to have positive net current assets and to be breaking even, sooner rather than later, but the situation is far better than the Courier and BBC reported. We'll see where we are when the new regime has had a full year doing it their way with their budgets. Edited March 2, 2015 by rambling syd rumpo 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted March 2, 2015 Share Posted March 2, 2015 What part of this significant loss-making, negative worth, assetless, twice bust charade are the Dees and their board getting precious about? 0 Quote Link to comment Share on other sites More sharing options...
SweeperDee Posted March 2, 2015 Share Posted March 2, 2015 What part of this significant loss-making, negative worth, assetless, twice bust charade are the Dees and their board getting precious about? Trying too hard. 0 Quote Link to comment Share on other sites More sharing options...
rambling syd rumpo Posted March 2, 2015 Share Posted March 2, 2015 Trying too hard. Way too hard. Desperately attention seeking. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Alright gents anywhere decent to go to that's open late on a Monday? I ken it's a long shot. 0 Quote Link to comment Share on other sites More sharing options...
SweeperDee Posted March 2, 2015 Share Posted March 2, 2015 Alright gents anywhere decent to go to that's open late on a Monday? I ken it's a long shot. To drink? Or to eat? If you want to eat, head to project pie; they are open until 11. To drink, you could try the South Tay Superstore for something a bit different, it's where the old social used to be. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Food's a thing of the past for me just now. Is the social the place beside the rep, south tay St I think? 0 Quote Link to comment Share on other sites More sharing options...
SweeperDee Posted March 2, 2015 Share Posted March 2, 2015 Food's a thing of the past for me just now. Is the social the place beside the rep, south tay St I think? Yup. South Tay Superstore is where the social used to be; haven't been inside to drink there but apparently it's quite good, and it has some decent music playing from what I've heard. 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted March 2, 2015 Share Posted March 2, 2015 Way too hard. Desperately attention seeking. Which element of that entirely factual statement are you getting upset by? 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Cheers is it open late? Not often I'm back in the Dee and got few beers and some decent music here but off the leash on a Monday with no girlfriend. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Fife Saint gtf you're in the way here. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Cheers is it open late? Not often I'm back in the Dee and got few beers and some decent music here but off the leash on a Monday without the girlfriend. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Cheers is it open late? Not often I'm back in the Dee and got few beers and some decent music here but off the leash on a Monday without the girlfriend. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 Apologies for the f**k ups. 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted March 2, 2015 Share Posted March 2, 2015 Apologies for the f**k ups. This isn't difficult, Billy. Perhaps a nightclass in basic logic would help. 0 Quote Link to comment Share on other sites More sharing options...
Boostin' Kev Posted March 2, 2015 Share Posted March 2, 2015 (edited) Fife and Perthshire. You must feel hard done by. Edited March 2, 2015 by Billy Dynamite 0 Quote Link to comment Share on other sites More sharing options...
banana Posted March 3, 2015 Share Posted March 3, 2015 Interesting that the statement has a go at the media for poor interpretation, but then doesn't state explicitly what the correct interpretation should be. 0 Quote Link to comment Share on other sites More sharing options...
Ludo*1 Posted March 3, 2015 Share Posted March 3, 2015 Interesting that the statement has a go at the media for poor interpretation, but then doesn't state explicitly what the correct interpretation should be. Does it need to provide a beginners guide? 0 Quote Link to comment Share on other sites More sharing options...
banana Posted March 3, 2015 Share Posted March 3, 2015 Does it need to provide a beginners guide? Steady on, chief. It just seems like it would be a prudent (and obvious) move to state the correct interpretation in such a statement. Right now it rants at the media for getting it wrong (fair enough), then goes on to not explain exactly what they got wrong, nor clarify anything. 0 Quote Link to comment Share on other sites More sharing options...
Savage Henry Posted March 3, 2015 Share Posted March 3, 2015 Steady on, chief. It just seems like it would be a prudent (and obvious) move to state the correct interpretation in such a statement. Right now it rants at the media for getting it wrong (fair enough), then goes on to not explain exactly what they got wrong, nor clarify anything. A non-denial denial? Surely not. 0 Quote Link to comment Share on other sites More sharing options...
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