2020/21 accounts/AGM - shareholders presentation/Q&A announced ( updated )

[scott herbertson]

58 minutes ago, davemclaren said:

Hope anyone attending this morning wraps up well. 

 

 

Surely Ann will do that in her closing remarks?

[davemclaren]

4 minutes ago, scott herbertson said:

 

 

Surely Ann will do that in her closing remarks?

😄

[Mikey1874]

On 14/12/2021 at 21:16, Jambo-Fox said:

Maybe I’m missing something …. has covid ridden Scotland locked-down? Three families allowed inside together? Has all hospitality at Tynecastle been closed? What about pubs are they closed? Is it a ruse to avoid questions at the AGM or another Wee Nic boot in the footballs?

 

Because there is no or very little economic support it's been left to the people to be less sociable basically. 

[davemclaren]

Anyone attend the AGM?

[Dr Lager]

1 hour ago, davemclaren said:

Anyone attend the AGM?

Yes it was very short and fairly cold. Lad leaving same time as us did a headcount and advised 29 there.  

[davemclaren]

9 minutes ago, Dr Lager said:

Yes it was very short and fairly cold. Lad leaving same time as us did a headcount and advised 29 there.  

Cheers. 

[jamboinglasgow]

Has there been any mention about the Presentation/Q&A when it will happen?

 

Hearts stressed they wanted it in January but were waiting for restrictions to ease. This has since happened but still not see anything. Anyone know when its happening?

[Jambo 4 Ever]

On 24/01/2022 at 12:19, jamboinglasgow said:

Has there been any mention about the Presentation/Q&A when it will happen?

 

Hearts stressed they wanted it in January but were waiting for restrictions to ease. This has since happened but still not see anything. Anyone know when its happening?

Not heard yet but was wondering myself

 

anyone else?

[Mikey1874]

This was mentioned earlier in the week. But here's the full thread. Has done previous seasons also.

 

 

 

[Jambo 4 Ever]

On 14/12/2021 at 15:39, Footballfirst said:

https://www.heartsfc.co.uk/news/article/confirmation-of-agm-details

 

The 115th Annual General Meeting of Heart of Midlothian plc is due to be held on Thursday December 16th in the Gorgie Suite (the “AGM”).

We advised on Tuesday that we would confirm the AGM arrangements post the First Ministers announcement. The rapid spread of the Omicron variant is concerning and the wellbeing of our shareholders and staff must be our first priority. Today, the First Minister has asked that we all reduce as far as possible the mixing of people from different households.

We have, therefore, made the difficult decision to deal only with formal business at the AGM on Thursday. The formal business should take no more than 10 – 15 minutes and we will relocate the meeting from the Gorgie Suite to the Main Stand. This will help to reduce the mixing of people from different households in line with the First Minister’s request but, importantly, still allow Shareholders who have not exercised a proxy vote (and for those that have been issued a proxy by others to vote on their behalf) to vote, in a location that allows for plenty of ventilation and the ability to socially distance. 

The presentation and Q&A element of the AGM will be held before the end of January, in person if restrictions allow or virtually depending on the COVID situation at that time. The rapid onset and spread of the variant means we have been unable to put in place a virtual solution that would allow the interactivity we know is an important part of the meeting in time for Thursday. We will be working on the best technical solution for this as a matter of urgency, however the preference will be to hold this meeting in person before the end of January - if it is safe to do so.

Registration will be via South Turnstiles 27 - 36 in the Main Stand. We would request that unless you are medically exempt you also wear a mask at all times while inside the Stadium to protect yourself and those around you. As per the First Minister’s announcement we encourage all who attend the AGM to take a lateral flow test that morning to protect them and all others who attend.

This decision was not taken lightly and we very much look forward to sharing the presentations and having an open dialogue with shareholders in January. We appreciate your understanding and hope you and your families stay safe.

 

Any idea when the Q&A session will happen?

[Footballfirst]

9 minutes ago, Jambo 4 Ever said:

Any idea when the Q&A session will happen?

No idea.

 

The delay in scheduling these sessions gives the impression that neither the club nor FOH thinks that there is any immediate need for their Boards' decisions, actions, or accounts to be scrutinised by the shareholders/members. Given that the shareholders/members were denied a similar opportunity at the previous AGM, you would think that it would be a priority in terms of openness and transparency.

[jamboinglasgow]

10 minutes ago, Footballfirst said:

No idea.

 

The delay in scheduling these sessions gives the impression that neither the club nor FOH thinks that there is any immediate need for their Boards' decisions, actions, or accounts to be scrutinised by the shareholders/members. Given that the shareholders/members were denied a similar opportunity at the previous AGM, you would think that it would be a priority in terms of openness and transparency.

 

I am quite surprised they have not organised anything considering when they announced the Q&A would not happen at the AGM, they really stressed how they want that to go ahead as soon as possible and that it would be done before the end of January if restrictions were lifted in time.

 

Agree with you it is not a good look for the club and board of directors, when they are not having a session where they can be held accountable by shareholders, especially as you say previous AGMs have not been able to have that due to Covid.

 

The Q&A and presentation is also enjoyable to see insight into more long term plans with the club (especially off the pitch.) 

 

I hope the club do address this and arrange a new Q&A.

[Jambo 4 Ever]

27 minutes ago, Footballfirst said:

No idea.

 

The delay in scheduling these sessions gives the impression that neither the club nor FOH thinks that there is any immediate need for their Boards' decisions, actions, or accounts to be scrutinised by the shareholders/members. Given that the shareholders/members were denied a similar opportunity at the previous AGM, you would think that it would be a priority in terms of openness and transparency.

Agreed

 

is it worth formally asking the club?

 

if so, who do we contact?

[Footballfirst]

4 minutes ago, Jambo 4 Ever said:

Agreed

 

is it worth formally asking the club?

 

if so, who do we contact?

You can send an online enquiry at https://www.heartsfc.co.uk/customer-care/contact

[Jambo 4 Ever]

7 hours ago, Footballfirst said:

You can send an online enquiry at https://www.heartsfc.co.uk/customer-care/contact

Thanks

will do 

[davemclaren]

3 hours ago, Jambo 4 Ever said:

Thanks

will do 

Let us know how you get on. 

[Jambo 4 Ever]

On 17/02/2022 at 14:05, Footballfirst said:

You can send an online enquiry at https://www.heartsfc.co.uk/customer-care/contact

Have emailed them  so will see what they say 

[davemclaren]

41 minutes ago, Jambo 4 Ever said:

Have emailed them  so will see what they say 

I assume any Q&A will only be for shareholders. 

[Jambo 4 Ever]

2 hours ago, davemclaren said:

I assume any Q&A will only be for shareholders. 

Yes hopefully we will have our chance to do this 

[davemclaren]

https://www.heartsfc.co.uk/news/article/shareholders-presentation-qa

[Jambo 4 Ever]

On 18/02/2022 at 00:35, davemclaren said:

Let us know how you get on. 

They said that something would be announced soon and thanked me for prompting them

 

https://www.heartsfc.co.uk/news/article/shareholders-presentation-qa?fbclid=IwAR1lyz-vTkayVP3RRAv-lXCUTPHcGFlJyo4yTqDPFnSi9MOPPsZ6yP3MB6I

[Jambo 4 Ever]

20 hours ago, Jambo 4 Ever said:

They said that something would be announced soon and thanked me for prompting them

 

https://www.heartsfc.co.uk/news/article/shareholders-presentation-qa?fbclid=IwAR1lyz-vTkayVP3RRAv-lXCUTPHcGFlJyo4yTqDPFnSi9MOPPsZ6yP3MB6I

It’s a silly time of day to have it too

 

lots of people will be working so it will be older / retired people only who can attend 

 

they should atleast have it on zoom or something too 

[jamboinglasgow]

Reminder to anyone who wants to go, the AGM presentation and Q&A is tomorrow at 11am, need to go through the link below to register if you want to go.

 

https://www.heartsfc.co.uk/news/article/shareholders-presentation-qa

 

As I am not a shareholder, I cant go, but will be fascinated to hear what info comes from it. 

[davemclaren]

38 minutes ago, jamboinglasgow said:

Reminder to anyone who wants to go, the AGM presentation and Q&A is tomorrow at 11am, need to go through the link below to register if you want to go.

 

https://www.heartsfc.co.uk/news/article/shareholders-presentation-qa

 

As I am not a shareholder, I cant go, but will be fascinated to hear what info comes from it. 

I bet they are relieved they picked this week rather than two weeks ago. All in the timing. 😄

 

I would normally attend but away on a wee holiday at the moment. Be interested to see any slides and hear about what is said though. 

[jamboinglasgow]

5 minutes ago, davemclaren said:

I bet they are relieved they picked this week rather than two weeks ago. All in the timing. 😄

 

I would normally attend but away on a wee holiday at the moment. Be interested to see any slides and hear about what is said though. 

 

I know what you mean. Though I think its also better for the Q&A that its not come at a time of poor results, as the danger is that is all the questions will be about. And allows questions that focus on the business and wider issues.

[davemclaren]

10 minutes ago, jamboinglasgow said:

 

I know what you mean. Though I think its also better for the Q&A that its not come at a time of poor results, as the danger is that is all the questions will be about. And allows questions that focus on the business and wider issues.

Agreed. 

[jamboinglasgow]

Did anyone go to the Presentation/Q&A? Anything interesting said?

[HoGwash]

26 minutes ago, jamboinglasgow said:

Did anyone go to the Presentation/Q&A? Anything interesting said?

Nothing earth shattering. Finances are in a good place despite the Covid impact, big screens should be in place by early next season, 2nd floor fit out will commence in Q4 (not sure if that's Q4 in the financial or calendar year), turnstiles in Wheatfield and Gorgie will be automated and planning underway for VAR and 150th anniversary.

[Bob Loblaw]

3 minutes ago, HoGwash said:

Nothing earth shattering. Finances are in a good place despite the Covid impact, big screens should be in place by early next season, 2nd floor fit out will commence in Q4 (not sure if that's Q4 in the financial or calendar year), turnstiles in Wheatfield and Gorgie will be automated and planning underway for VAR and 150th anniversary.

Did they say what the plan was for the 2nd floor?

[sprinbox98]

1 minute ago, Bob Loblaw said:

Did they say what the plan was for the 2nd floor?

ive heard it was for a hotel (14 / 15 double bedrooms).

 

was due to be for corporate functions but covid put that away.

[HoGwash]

24 minutes ago, Bob Loblaw said:

Did they say what the plan was for the 2nd floor?

No, they wouldn't give any detail until final board approval. 

[jamboinglasgow]

30 minutes ago, HoGwash said:

Nothing earth shattering. Finances are in a good place despite the Covid impact, big screens should be in place by early next season, 2nd floor fit out will commence in Q4 (not sure if that's Q4 in the financial or calendar year), turnstiles in Wheatfield and Gorgie will be automated and planning underway for VAR and 150th anniversary.

 

cheers, may not be anything huge but certainly good to hear. They didn't mention anything about plans with the academy did they?

[soonbe110]

42 minutes ago, sprinbox98 said:

ive heard it was for a hotel (14 / 15 double bedrooms).

 

was due to be for corporate functions but covid put that away.

More hospitality, conference rooms for use on non-match days, plus a “twist for our fans” was what she said. Plans will be finalised at next board meeting. Spending to start soon and be finished by this time next year. I suspect another fans bar but she wasn’t ready to share. 

[soonbe110]

19 minutes ago, jamboinglasgow said:

 

cheers, may not be anything huge but certainly good to hear. They didn't mention anything about plans with the academy did they?

Focus to be on individuals rather than teams at later stages of academy. Hoping for a reserve league next season or maybe Lowland league but have been excluded from that so far. Naismith and Forest working on the player development plans. 

[jamboinglasgow]

30 minutes ago, soonbe110 said:

Focus to be on individuals rather than teams at later stages of academy. Hoping for a reserve league next season or maybe Lowland league but have been excluded from that so far. Naismith and Forest working on the player development plans. 

 

Thanks, will be interesting so what that means in practice. Does make sense that if you want the best talent to come through then its better to give focus on them.

[sprinbox98]

51 minutes ago, soonbe110 said:

More hospitality, conference rooms for use on non-match days, plus a “twist for our fans” was what she said. Plans will be finalised at next board meeting. Spending to start soon and be finished by this time next year. I suspect another fans bar but she wasn’t ready to share. 

Im going to suggest a hotel on the 2nd floor and a cocktail bar / lounge above the skyline restaurant 

[ericb]

14 minutes ago, sprinbox98 said:

Im going to suggest a hotel on the 2nd floor and a cocktail bar / lounge above the skyline restaurant 

Above the skyline restaurant 🤔

[Bazzas right boot]

29 minutes ago, sprinbox98 said:

Im going to suggest a hotel on the 2nd floor and a cocktail bar / lounge above the skyline restaurant 

 

 

Creche. 

[wavydavy]

On 23/02/2022 at 11:58, Jambo 4 Ever said:

It’s a silly time of day to have it too

 

lots of people will be working so it will be older / retired people only who can attend 

 

they should atleast have it on zoom or something too 

 

Have you ever been to a Shareholders Dinner ?  Bill Alves who usually host's the proceedings often comments at the end of the night that it is time for everyone to go back to their Care Homes 😍

[Jambo 4 Ever]

3 minutes ago, wavydavy said:

 

Have you ever been to a Shareholders Dinner ?  Bill Alves who usually host's the proceedings often comments at the end of the night that it is time for everyone to go back to their Care Homes 😍

Hahah 

[soonbe110]

On 16/12/2021 at 14:34, Dr Lager said:

Yes it was very short and fairly cold. Lad leaving same time as us did a headcount and advised 29 there.  

49 at my count and it finished just five minutes short of two hours. 

[soonbe110]

1 hour ago, jamboinglasgow said:

 

Thanks, will be interesting so what that means in practice. Does make sense that if you want the best talent to come through then its better to give focus on them.

That’s the plan. Aimed specifically at getting players ready for first team. Also going to be tougher in future - telling kids they will be good enough to make a living from the game, just not with Hearts. 

[soonbe110]

12 minutes ago, wavydavy said:

 

Have you ever been to a Shareholders Dinner ?  Bill Alves who usually host's the proceedings often comments at the end of the night that it is time for everyone to go back to their Care Homes 😍

He was asking questions today. Took about 30 mins when 15 would have sufficed. 

[Jambo 4 Ever]

3 hours ago, HoGwash said:

Nothing earth shattering. Finances are in a good place despite the Covid impact, big screens should be in place by early next season, 2nd floor fit out will commence in Q4 (not sure if that's Q4 in the financial or calendar year), turnstiles in Wheatfield and Gorgie will be automated and planning underway for VAR and 150th anniversary.

What questions were asked?

[soonbe110]

Stuff I picked up on today

Finances in good shape 

Plan in place to repay debt to AB by November 24, loan is at very favourable rates. 
Savage has covid

Cup final defeat severely dented teams confidence and was still a factor when Brora came round 

Budge comments - ‘strongest off-field team in Scottish football’ ‘terrific football management team’ 

Big screens early next season

Second floor finished within a year 

Fully automated turnstiles in all stands by summer

 

VAR and 150th anniversary events currently in the planning phase 

 

Deloitte review presented to SPFL, sub-committee formed, McKinlay on it 

Didn’t seem excited about standing  area 

UEFA income next season will be min £4m, max £8m if we get into group stages 

Have a plan to replace Souttar, looking for two more centre-backs 

Expect to make serious money from player trading in near future 

Hope to have Reserve league next season, Lowland league not really an option at the moment but could change 

Haymarket war memorial is 100 years old on 9/4, same day as we play Hibs. Club plan to do something to recognise this 

Happy to keep old firm at reduced ticket levels next season as long as Hearts fans keep buying tickets 

7 years left on lease at Oriam 

 

Was very impressed by McKinlay today. Seemed to have his finger on the pulse and answered most of the questions without hesitation. Certainly what you would expect from a CEO on top of his game. 

 

[scott herbertson]

2 hours ago, soonbe110 said:

More hospitality, conference rooms for use on non-match days, plus a “twist for our fans” was what she said. Plans will be finalised at next board meeting. Spending to start soon and be finished by this time next year. I suspect another fans bar but she wasn’t ready to share. 

 

 

 

Sounds great

 

Just not sure my artificial knee will stand the strain

 

 

[Sooks]

12 minutes ago, soonbe110 said:

Stuff I picked up on today

Finances in good shape 

Plan in place to repay debt to AB by November 24, loan is at very favourable rates. 
Savage has covid

Cup final defeat severely dented teams confidence and was still a factor when Brora came round 

Budge comments - ‘strongest off-field team in Scottish football’ ‘terrific football management team’ 

Big screens early next season

Second floor finished within a year 

Fully automated turnstiles in all stands by summer

 

VAR and 150th anniversary events currently in the planning phase 

 

Deloitte review presented to SPFL, sub-committee formed, McKinlay on it 

Didn’t seem excited about standing  area 

UEFA income next season will be min £4m, max £8m if we get into group stages 

Have a plan to replace Souttar, looking for two more centre-backs 

Expect to make serious money from player trading in near future 

Hope to have Reserve league next season, Lowland league not really an option at the moment but could change 

Haymarket war memorial is 100 years old on 9/4, same day as we play Hibs. Club plan to do something to recognise this 

Happy to keep old firm at reduced ticket levels next season as long as Hearts fans keep buying tickets 

7 years left on lease at Oriam 

 

Was very impressed by McKinlay today. Seemed to have his finger on the pulse and answered most of the questions without hesitation. Certainly what you would expect from a CEO on top of his game. 

 

£ eight million I propose we pay of our debt and use the rest to offer Jamie Walker a bumper ten year deal and anything left over we use on mindfulness space where we can teach our players the desire needed to win the league and be better than the old firm.

[Sooks]

9 minutes ago, scott herbertson said:

 

 

 

Sounds great

 

Just not sure my artificial knee will stand the strain

 

 

Artificial knee you should do the robot.

[Kiwidoug]

Great summary from soonbe.

 

Much appteciated.

 

All sounds good to me.

[Rockwell]

Unfortunately Joe savage was to attend but has covid .a bit disappointed as would have loved to have heard what he had to say .