James Anderson

[Debut 4]

While he may not be drawn to fully run or fund a football club, he’s pretty much the guy we’ve all craved for years in the sense of his outlook and wealth. 
 

Not interested in the Old Firm and wants to make the underdog the best it can be.(but not running up huge debts doing it).... While he’s generously contributing to Hearts, he’s just falling short of being the White Knight.  
 

Still magnificent to have him on board though. Goes without saying. 

 

Edited October 20, 2020 by Debut 4

[Guest ToqueJambo]

3 hours ago, John Findlay said:

He is anti old firm and quite rightly too.

He just puts it in very diplomatic language.

He wants to get back to Hampden with the Hearts. He is a Hearts supporter but unlike many others, sees the bigger picture before and clearer than most, if not all.

 

 

Not just a Hearts fan, a proper football fan. His actions and statements have put all those fans of St Mirren, Aberdeen, Hibs, D Utd, Dundee, etc, etc having a great old laugh at the misfortune of Hearts, Thistle and Stranraer and not giving a shit about Kelty and Brora, and backing the SPFL and Celtic to the hilt while clubs like Brechin, Hamilton and others vote their way out of relegation trouble, to shame.

 

This was a great opportunity to force change in Scottish football, or at least a chance to come together andtry to reduce the power and influence of the OF, blown just to have a bit of a giggle at Hearts. 

Edited October 20, 2020 by ToqueJambo

[SMJ_1874]

14 hours ago, manaliveits105 said:

Hibs would welcome pigeon droppings to improve the place

I actually thought that was their secret ingredient for the spices that they put in their pies 🤢

Edited October 20, 2020 by Saughton Jambo

[Vlad Magic]

7 hours ago, Saughton Jambo said:

I actually thought that was their secret ingredient for the spices that they put in their pies 🤢

Im led to believe that is in fact rat shit?

[Mysterion]

19 hours ago, Debut 4 said:

Not interested in the Old Firm and wants to make the underdog the best it can be.(but not running up huge debts doing it).... While he’s generously contributing to Hearts, he’s just falling short of being the White Knight.  

 

 

This bit is important - we should aim to grow naturally and avoid debts but there is a point where that next up involves a jump in cash. 

 

If he can help drive sponsorship it would be a major step to taking the club up a level, if we are pushing for a league title or into Europe then we become appealing to neutrals and people who are a bit fair-weather who want to see success. 

 

I'm all for seeing the glory hunting fan come through the gates, it's all part of building/increasing our presence but to get there the finances are part of driving the product on the pitch. I would like to see a bigger Tynecastle down the line (and i offer no solution to making it happen) but i do see a point where an average 25-30k level support would propel us (with the additional finances) to be in contention to really challenge the Old Firm.

Edited October 21, 2020 by Mysterion

[Debut 4]

14 minutes ago, Mysterion said:

 

This bit is important - we should aim to grow naturally and avoid debts but there is a point where that next up involves a jump in cash. 

 

If he can help drive sponsorship it would be a major step to taking the club up a level, if we are pushing for a league title or into Europe then we become appealing to neutrals and people who are a bit fair-weather who want to see success. 

 

I'm all for seeing the glory hunting fan come through the gates, it's all part of building/increasing our presence but to get there the finances are part of driving the product on the pitch. I would like to see a bigger Tynecastle down the line (and i offer no solution to making it happen) but i do see a point where an average 25-30k level support would propel us (with the additional finances) to be in contention to really challenge the Old Firm.

Agree, and (without going into a side debate but need to make the point🙂) what we’ve witnessed in the last couple of years shows we need decisive, emotionally unattached decisions from the top when it comes to management personnel.  
 

Football is tough with or without money, there’s no guarantees, but what helps is not continually trusting someone who isn’t a success and continues to squander finance. I accept it’s difficult to get everything aligned at once but generally we’d had a history of making decent appointments (for most part in the last 30 years) but were also efficient in seeing the danger signs and making a change. 
 

Your post is something that certainly gets spoken about alot over the years and I hope we never lose the ambition to grow. We just seem to have a bad habit of stunting it!

Edited October 21, 2020 by Debut 4

[Baxfee]

Does anyone know what andrew mckinlay has been up since joining us?

[davemclaren]

42 minutes ago, Baxfee said:

Does anyone know what andrew mckinlay has been up since joining us?

Running things day to day I imagine. 

[Lfhearts]

29 minutes ago, davemclaren said:

Running things day to day I imagine. 

Not a lot then, one would think.

[davemclaren]

1 minute ago, Lfhearts said:

Not a lot then, one would think.

Why?

[Lord Beni of Gorgie]

I think he's quite impressed by the cash we have put in as a collective and the community feel of Hearts,  but we should keep on impressing him

[maroonlegions]

PHM.

 

FTH.

[Guest ToqueJambo]

42 minutes ago, Lfhearts said:

Not a lot then, one would think.

 

Yeah running a professional football club is probably a walk in the park, especially during a pandemic.

[jimbojambo]

I think James Anderson is a man with a high moral code and his friendship with Ann Budge is probably down to the common values that they share to the benefit of Hearts. He will admire how she has risen above the back stabbing, self interest of Scottish Football and tried to benefit others who have tried to damage our club. And his Norwich allegiance which he has with Doncaster may mean that he may have some influence with that corrupt individual. We are so lucky to have Ann and him in our corner at this terrible time 👍

[OTT]

Can Mr Anderson be the one to negotiate the next TV deal  

 

Would be interested to see how someone who is legitimately successful would fair over that oaf Doncaster. 

[Kiwidoug]

2 minutes ago, jimbojambo said:

I think James Anderson is a man with a high moral code and his friendship with Ann Budge is probably down to the common values that they share to the benefit of Hearts. He will admire how she has risen above the back stabbing, self interest of Scottish Football and tried to benefit others who have tried to damage our club. And his Norwich allegiance which he has with Doncaster may mean that he may have some influence with that corrupt individual. We are so lucky to have Ann and him in our corner at this terrible time 👍

I think it's become very clear that Ann's commitment to the living wage and the community support provided by Big Hearts are very much supported by James Anderson.  I don't think the increased support for women's football did any harm either.  I'm sure these are major reasons why he and others continue to give us incredible financial backing.

 

Would love to know how much philanthropic support we have received during this pandemic.  My guess is that it's plenty.

[Lfhearts]

Okay if he sanctioned Bobby to St Midden he has been busy.

[Zico]

4 hours ago, Sir Gio said:

I think he's quite impressed by the cash we have put in as a collective and the community feel of Hearts,  but we should keep on impressing him

That is one of the key reasons he invested. It would never have happened under Vlad or Robinson. 
 

He’s a genuinely decent man. And certainly a better man than me, given what he’s done to help the same clubs that ****ed us over. People will need to accept (myself included) that the non-FoH people who play a large role - as we all do, of course - in keeping the club going aren’t as vindictive as some/many of us (rightly) feel. However as Budge has alluded to, we won’t be in any financial difficulty in the next five years thanks to him. 

[CJGJ]

https://www.msn.com/en-gb/money/other/can-scottish-tech-fund-that-soared-under-covid-keep-on-rising/ar-BB1b11Lm?li=AAwnS0s&ocid=msedgntp

 

Yet there is no trust that hides its modus operandi behind an unassuming name more than Scottish Mortgage. Although its title alludes to where it is managed from – as well as to a past when trusts were set up to provide finance to support projects in developing parts of the world – this investment vehicle is very much of the moment. 

It's a quasi-international technology fund investing in some of the world's largest 'tech' stocks – such as Amazon, Netflix, Spotify and electric car manufacturer Tesla. Companies that have thrived as a new world forms, in part shaped by coronavirus. One dominated by the internet and the need to combat climate change. 

There's no getting away from it. The trust, managed out of Edinburgh by investment house Baillie Gifford (a thriving business owned by its partners and managing assets of £280billion), is a magnificent British success story. Indeed, as one fund manager told Wealth last week, it is the country's 'most successful technology story' – often investing in tech-focused companies when they are start-ups and not listed on a stock exchange, and then backing them long term. Patient, long-term investing – even if most of the companies it has backed are located in North America (53 per cent) and China (22 per cent). Of its assets, more than 17 per cent are unlisted. 

The trust's numbers are eye-popping. By a Highlands country mile, Scottish Mortgage is the country's largest investment trust with a market capitalisation of £15.1billion – its nearest listed rival, Foreign & Colonial, is a quarter of its size. Yes, Fundsmith Equity, run by the effervescent Terry Smith, is larger at £21billion, but Smith's fund (another great success story) is not stock market listed. 

Scottish Mortgage's mega size means it is a key constituent of the FTSE100 Index – the 100 largest companies listed on the London Stock Exchange. In terms of market capitalisation, it's bigger than household names Aviva, BT, L&G and Next. But it's the performance numbers that matter in the eyes and wallets of investors. And whatever time period you choose, Scottish Mortgage has delivered in spades. It's enriched the lives of shareholders. So, over the past five years, it has generated a total return for them of 305 per cent. According to data supplied by Trustnet, only one other investment trust out of a 240-strong universe has achieved a better return (Allianz Technology). 

Shorter term, the returns are equally breathtaking – 134 per cent over three years and 102 per cent over the past 12 months. If you had invested £5,000 five years, three years or one year ago – as many Wealth readers have done – you would now be sitting on a respective sum of of £20,255, £11,695 and £10,110 (a fraction less maybe if taking into account buying costs). Something to cheer about in these nervous times. 

What's more, the trust, founded 111 years ago by Boer War hero Colonel Augustus Baillie and Carlyle Gifford, has not fleeced shareholders in the process by imposing a premium annual charge. Its total annual charges of 0.36 per cent are modest compared to rivals – and remain so even when the costs of its £1billion of borrowings are taken into account – money it uses to increase its equity exposure. As if that wasn't enough, the trust has just announced a half yearly dividend of 1.45p per share in recognition of its 'value to many investors'. The equivalent dividend last year was 1.39p. Extraordinary capital returns and a little bit of income as icing on the proverbial investment cake. 

The two managers responsible for running the portfolio are longstanding. James Anderson has managed it since 2000 while Tom Slater has had a hand on the tiller – first as a deputy and then as a comanager – for 12 years. Despite their success, they remain incredibly humble. 

The trust's latest results, announced on Guy Fawkes Night, reflected this – referring to the fact that most of their investments will not 'turn out as we hope' and stressing the patient nature of their approach. 

It was also reinforced by a shareholder webinar that Slater hosted last Thursday from a 'cupboard in his house' where he talked about their determination to make more from their winners than they lose from their dud stakes. An approach that has served them well over the past ten years with the returns from the likes of Tesla, Amazon and Alibaba more than compensating for the losses suffered on holdings such as Funding Circle and Castlight Health.

Given the trust's mouth-watering past returns, it now begs the question as to whether its stellar performance can be maintained. In mid-August, analysts at investment bank Stifel argued that there was a good case 'to take some profits and lock in some gains', adding: 'Share prices don't rise in a straight line indefinitely'. The share price, £8.99 at the time, has indeed not increased in a straight line, but it closed on Friday at £10.32. 

Yet Stifel's cautious view has not gone away. Although most investment experts – see box – admire the managers' long-term approach, they believe it is time for investors to take some profits. 

 

PS some of my pension monies are invested with them.happy days

Edited November 15, 2020 by CJGJ

[RobNox]

2 hours ago, CJGJ said:

PS some of my pension monies are invested with them.happy days

 

Me too, bought into the fund about 6 or 7 years ago. happy days indeed.  Fundsmith Equity is another fund that has done very well for me over the same period.  They have both well more than doubled in value during that timescale.

[stirlo]

No question that the performance of Scottish Mortgage has been excellent and long may it continue. They should also be applauded for the relatively low fees. But equally the caveat "past performance is not a guarantee of future results" must always be brought up when talking about "successful" investment funds. For an example of how quickly an investment 'genius' can lose his 'magic touch', the saga of Neil Woodford is a very good example.

 

The fact is though that we are very fortunate to have James Anderson on board as a benefactor. 

[David Black]

31 minutes ago, stirlo said:

No question that the performance of Scottish Mortgage has been excellent and long may it continue. They should also be applauded for the relatively low fees. But equally the caveat "past performance is not a guarantee of future results" must always be brought up when talking about "successful" investment funds. For an example of how quickly an investment 'genius' can lose his 'magic touch', the saga of Neil Woodford is a very good example.

 

The fact is though that we are very fortunate to have James Anderson on board as a benefactor. 

We should be inviting James Anderson on board as a Director along with Jim Jeffries.

[chrystaf]

On 21/10/2020 at 18:33, jimbojambo said:

I think James Anderson is a man with a high moral code and his friendship with Ann Budge is probably down to the common values that they share to the benefit of Hearts. He will admire how she has risen above the back stabbing, self interest of Scottish Football and tried to benefit others who have tried to damage our club. And his Norwich allegiance which he has with Doncaster may mean that he may have some influence with that corrupt individual. We are so lucky to have Ann and him in our corner at this terrible time 👍

100%

[chrystaf]

1 hour ago, stirlo said:

No question that the performance of Scottish Mortgage has been excellent and long may it continue. They should also be applauded for the relatively low fees. But equally the caveat "past performance is not a guarantee of future results" must always be brought up when talking about "successful" investment funds. For an example of how quickly an investment 'genius' can lose his 'magic touch', the saga of Neil Woodford is a very good example.

 

The fact is though that we are very fortunate to have James Anderson on board as a benefactor. 

Don't mention Woodford to me!!