AGM Thursday 20 March 2014

[Gil]

I'm just trying to get my head around this.

So they are going to announce a loss of 1.627mil.

And they say it could've been worse with the interest repayments etc etc.

But then the say marketing exp were up 1.125mil (4.256mil) (what did you spend the money on).

There has to be an investigation, I thought we were run by businessman.

 

[Sixgill]

No amount of marketing will sell a bad product.

This stinks.

Raise the price on memberships but spend millions more in advertising to sell them. Didn't work.

I'm actually genuinely worried by this.

 

[dylan the villian]

That is a massive increase. I wonder where that was spent?

Flights to South Africa?

 

[DruNkDazZ]

But then the say marketing exp were up 1.125mil (4.256mil) (what did you spend the money on).

Whoa, that's a massive jump!

You have to look around & see what they actually spent on, maybe a lot goes into digital media / upgrading media software or something?

The LED signage, I'd assume they would make that back on selling the advertising to the businesses.

But it's a massive jump.

 

[Gil]

Whoa, that's a massive jump!

You have to look around & see what they actually spent on, maybe a lot goes into digital media / upgrading media software or something?

The LED signage, I'd assume they would make that back on selling the advertising to the businesses.

But it's a massive jump.

I agree Daz.

Seems strange coming from a club that is supposed to be broke and has no money

Maybe our membership price increase payed for it.

 

[Tweedle]

Apparently they will tell us tonight that with the property boom, the projected income from unit sales has jumped an extra $13mil from $30mil to $43mil.

Good news if true, but that money is still a couple of years away and seems a big figure. Still need to be thrifty in the mean time.

My mates family just put a deposit on a waterfront 2 bedroom unit for over $800k so they are selling at a premium.

 

[stevie013]

Apparently they will tell us tonight that with the property boom, the projected income from unit sales has jumped an extra $13mil from $30mil to $43mil.

Good news if true, but that money is still a couple of years away and seems a big figure. Still need to be thrifty in the mean time.

My mates family just put a deposit on a waterfront 2 bedroom unit for over $800k so they are selling at a premium.

good news if true, but that doesnt give them the right to be spending outside our means now. we could go under before we see the benefits of the development.

 

[sharks2010]

Just because we have money coming in the future doesn't mean we don't keep things under control

We could really become a powerhouse of the nrl and that's the direction we were heading in, at the moment it seems all the money we are going to be making is going to pay of more debt and the loss of money of the football club

 

[slide rule]

I keep stressing this, but we really need to work out how to be as sustainable as possible NOW.

When we get to that magical 30-45Mil we really should be investing most of that in something that will provide us with ongoing income. As much as possible, we shouldn't be reaching for that cake now.

 

[stevie013]

I keep stressing this, but we really need to work out how to be as sustainable as possible NOW.

When we get to that magical 30-45Mil we really should be investing most of that in something that will provide us with ongoing income. As much as possible, we shouldn't be reaching for that cake now.

we should be throwing it in the bank gaining interest and aiming to buy the retail side of things back off the developers when the time arrives. that would give an ongoing income stream well into the future for us.

 

[Gil]

Just because we have money coming in the future doesn't mean we don't keep things under control

We could really become a powerhouse of the nrl and that's the direction we were heading in, at the moment it seems all the money we are going to be making is going to pay of more debt and the loss of money of the football club

Remember the Super League days when there was millions passed around, all that was left in the end once the money stopped was debt.

 

[fitz]

We should buy a pizza shop.

 

[Gil]

We should buy a pizza shop.

Hold the anchovies,

 

[skeksis]

Wouldn't be surprised if a few board members used the money for a little slush fund to secure their own units in the development. Unity are cancer and are now on borrowed time. A new platform needs to built momentum and we as members need to ensure they are elected when the time comes.

 

[slide rule]

we should be throwing it in the bank gaining interest and aiming to buy the retail side of things back off the developers when the time arrives. that would give an ongoing income stream well into the future for us.

That would be ok, but I can see that being frittered away on football expenses and fireworks in the meantime.

We could also look into buying other property in the meantime that provides an income stream. Commercial property markets can be volatile though, so we need to be careful and diversify wisely.

And always read the PDS.

 

[stevie013]

Wouldn't be surprised if a few board members used the money for a little slush fund to secure their own units in the development. Unity are cancer and are now on borrowed time. A new platform needs to built momentum and we as members need to ensure they are elected when the time comes.

where are these people coming from and who are they?

terribly hard to challenge unity with all the backing they have in the media and they know it

 

[Gil]

Wouldn't be surprised if a few board members used the money for a little slush fund to secure their own units in the development. Unity are cancer and are now on borrowed time. A new platform needs to built momentum and we as members need to ensure they are elected when the time comes.

And need to bring in postal voting for those who can't make it.

 

[deano the p]

And need to bring in postal voting for those who can't make it.

This, it annoys me that I can't get a say unless I travel 13-14 hours to do it.

 

[snowman]

This, it annoys me that I can't get a say unless I travel 13-14 hours to do it.

support the storm then

 

[hamsy44]

where are these people coming from and who are they?

terribly hard to challenge unity with all the backing they have in the media and they know it

more to the point who the **** is going to stand in opposition at the next election?