Soccercity Share Discussion Threads

[powereddrones] 05/3/2022 15:25

!YOUTUBEVIDEO:Pd7x2bHVSAs:
I've never heard of this "Social Engineering", but basically it is a powerful psychological tool.

hxxps://beincrypto.com/how-to-social-engineer-your-way-into-bitfinex/

"Back in 2019, Heather Morgan gave a TED-style talk on “how to social engineer your way into anything” – now, along with husband Illyia Lichtenstein, she faces 25-years in prison over $4.5 billion worth of stolen Bitcoin dating back to the 2016 Bitfinex hack."

Watch the video - we have never before been so liberal with our private information.

First they get asked what kind of passwords they use for their accounts - literally two seconds later the interviewer manages to get those passwords out of them. This isn't Uri Gellar or some sort of Jedi Mind trick. This is simple "Social Engineering".

When you get arrested by the police, they normally read out your right to remain silent, because anything that you say may be used in court against you later.

A small documentary about Heather and Illyia

[hectorp] 16/5/2012 09:18

Not a long play!

[double6] 20/2/2008 15:40

Indeed - current MC seems excessive with new shares being issued and imminent de-listing.

[wavydavy22] 20/2/2008 12:39

only real mugs buying this rubbish today

[double6] 20/2/2008 11:58

LOL - some wise one bought and sold within half an hour.

DCB.

[double6] 20/2/2008 11:26

Indeed - some buying going on.

MM's sucking people in ?

[dell314] 14/2/2008 08:45

Why issue new shares to W.H.Ireland etc. at 0.5p(i.e. significant premium to current sp), when they are about to delist?

Very strange!

Rgds
dell

All IMHO, DYOR etc.

[still waiting] 30/1/2008 13:45

looks like another case of P'I's shafted as assets now secured prior to going into admin.

[droftarts] 30/1/2008 10:27

Gone and I'm out !

[droftarts] 05/12/2007 09:31

Going, going, soon to be gone !

[droftarts] 29/10/2007 14:33

LOL - up on one sell !!

[cyberpost] 29/10/2007 14:12

looks like nobody did remember. ;-)

[droftarts] 27/10/2007 12:42

When is the best time to post bad news? - That's right after the markets close on a Friday and hope that nobody remembers on Monday morning !

[droftarts] 10/9/2007 15:26

Now they have the disposal out of the way and paid off some of the creditors/loans it will be interesting to see where and how they will develop the remaining sites or 'if'

[droftarts] 18/8/2007 12:01

Not yet - I can't hear her singing.

[2007sam] 03/8/2007 20:26

Chairman's Statement

2006 was a disappointing year with the second half in particular beset by
operational and organisational problems. Overall revenue growth in the year was
modest and did not reflect the significant investment made in seeking to develop
the business.

Strategic review

The Board responded to these issues by initiating an extensive strategic review
in January 2007. Good progress has already been made in implementing the key
elements of the revised strategy, although the benefits of the many operational
actions taken are only expected to come through in the second half of this
financial year:

* The immediate strategic focus of the Company will be on its existing
and future business in the north of England.

As a result the Directors have entered into an agreement for the sale of its
indoor centre at Fareham for a consideration of #697,000. Fareham, located
on the south coast, is one of four centres within the Group, the other three
being in Leeds, Huddersfield and Bradford. The Board believes that the
proposed sale of Fareham represents an opportunity for the Group to realise
value and will enable the Directors and management team to focus on the
Group's core business interests in the north of England, particularly the
indoor centres. In the financial year to 31 January 2007, the Fareham centre
recorded unaudited turnover of #718,000 and a profit of #191,000, before
depreciation and certain central Group costs. The net assets of the Fareham
centre as at 31 January 2007 have been written down to #697,000 including
goodwill of #604,000.

The net sale proceeds from the Fareham disposal will be used by the Group to
reduce current liabilities and outstanding debts and to invest in its
remaining indoor football centres, together with the development of new
business at these centres. In addition, #350,000 from the disposal proceeds
will be used to repay outstanding debt.

* The Executive Management Team has been re-organised and strengthened with
new senior appointments made in finance, sales and marketing. A dedicated
sales team is in place and is beginning to demonstrate success in
recruiting new teams, establishing new leagues and securing sponsorship
income, which the Board fully expects to continue throughout the current
year.

* The core football offering is being improved and this will include the
installation of premium quality pitches, starting with the Leeds centre
within the next two months.

* The Group is developing new, complementary, business streams, utilising
the existing facilities and core competencies.

* The Group has strengthened its balance sheet throughout the last year by
raising #834,739 through the issue of new ordinary shares before expenses
and repayment of loans. The Board believe that there is now a more
appropriate capital structure in place to take advantage of the business
opportunities available to the Group.


Financial and Operating Review

Overall revenues at #2.036m were just 1% higher than last year (2005: #2.018m)
reflecting in part the adverse impact of the World Cup on attendances during
June and July when the Group experienced a 15% reduction in income. Although
revenues in the second half of the year were at #1.033m 3% higher than the first
six months, the scheduled league structure was undoubtedly damaged by the World
Cup effect and the re-activation of existing customers has been very
challenging.

Gross margin reduced to 71% of sales reflecting, in part, weaker margins from
catering and one-off purchases of football equipment supplies. Underlying
overheads increased by 8.5%, partly reflecting weak operational management,
which has now been addressed with better systems in place to control overheads,
and also an investment in business development.

In addition, it is the opinion of the Directors that the recoverable amount of
goodwill is estimated to be less than the carrying amount, resulting in an
impairment loss of #350,471, which has been written off to the Profit and Loss
account.


2007 2006 Variance Variance
#'000s #'000s % #'000s
Turnover 2,036 2,018 1 18
Gross Margin 1,451 1,488 (2) (37)
Overheads (1,651) (1,520) (8.5) (131)
EBITDA (200) (32) (168)
(excl Business Dev and
Loan cancellation)
Business Dev (86) (8) (78)
Loan cancellation 72 (72)
EBITDA (286) 32 (318)



In response to the poor revenue performance in June and July, the Group decided
to increase its investment in human resources focused on new business
development and customer recruitment. Despite the increased expenditure, the
anticipated recovery in revenues has taken longer to come through than expected,
partly because customer retention strategies need to be more effective and
certain centres are in need of further refurbishment. The revised strategy has
now addressed these issues with the implementation of an aggressive marketing
plan and planned works to replace football pitch surfaces.

During the year, the Board continued with the refinancing programme and have
secured additional equity finance. The Group has also reduced borrowings through
a combination of loan repayments and the conversion of debt into equity. Bank
debt at the beginning of the 2007 financial year was #136,000 but has now been
reduced to #68,000. Since the beginning of the new financial year, a further
#200,000 of new equity and loans has been secured. This, along with the net
proceeds from the sale of Fareham, ensures that there is a more appropriate
capital structure in place to progress the business opportunities available to
the Group.

[bugner] 03/8/2007 20:21

LONDON (Thomson Financial) - Soccercity PLC said it has agreed to dispose of the business and assets of its indoor football centre at Fareham, Hampshire, including contracts and employees, to Holyrood for 697,000 stg cash.

The operator of football facilities and children's play centres said the net
sale proceeds will be used to invest in its remaining football centres, the
development of new business at these centres, and to repay outstanding debt.

In the year to Jan 31, 2007, the Fareham centre recorded turnover of 718,000
stg and a profit of 191,000 stg, before depreciation and certain central group
costs, Soccercity said
LONDON (Thomson Financial) - Soccercity PLC said it has agreed to dispose of the business and assets of its indoor football centre at Fareham, Hampshire, including contracts and employees, to Holyrood for 697,000 stg cash.

The operator of football facilities and children's play centres said the net
sale proceeds will be used to invest in its remaining football centres, the
development of new business at these centres, and to repay outstanding debt.

In the year to Jan 31, 2007, the Fareham centre recorded turnover of 718,000
stg and a profit of 191,000 stg, before depreciation and certain central group
costs, Soccercity said

[cupasoup2006] 03/8/2007 13:25

I was wrong. Ian Currie (Holyrood) is a former director.

[wiganer] 03/8/2007 10:22

And potentially libellous if not...

[tonyx] 03/8/2007 10:22

Very naughty if true...

[wiganer] 03/8/2007 10:16

Where have you got the info from that Holyrood = Directors?

I see no mention of that in the disposal RNS.

[cupasoup2006] 03/8/2007 10:11

and they're selling what appears to be their best site to the Directors (Holyrood) - what's that about?