Guided Missile

Pompey's Accounts up to 30th June, 2013 (After 2 months Trading) Profit & Loss [TABLE=width: 500] [TR] [TD]19 April 2013 to 30 June 2013[/TD] [TD=align: center]£[/TD] [/TR] [TR] [TD]TURNOVER[/TD] [TD=align: right]370,078[/TD] [/TR] [TR] [TD]Cost of sales[/TD] [TD=align: right]169,019[/TD] [/TR] [TR] [TD]GROSS PROFIT[/TD] [TD=align: right]201,059[/TD] [/TR] [TR] [TD]Administrative expenses[/TD] [TD=align: right]590,043[/TD] [/TR] [TR] [TD]OPERATING LOSS[/TD] [TD=align: right](388,984)[/TD] [/TR] [TR] [TD]Interest payable and similar charges[/TD] [TD=align: right]124,677[/TD] [/TR] [TR] [TD]LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION[/TD] [TD=align: right](513,661)[/TD] [/TR] [TR] [TD]Tax on loss on ordinary activities[/TD] [TD=align: center]0[/TD] [/TR] [TR] [TD]LOSS FOR THE FINANCIAL PERIOD[/TD] [TD=align: right](513,661)[/TD] [/TR] [/TABLE] Balance Sheet [TABLE=width: 500] [TR] [TD]at 30 Jun 13[/TD] [TD=align: center]£[/TD] [/TR] [TR] [TD]FIXED ASSETS[/TD] [TD][/TD] [/TR] [TR] [TD]lntangible assets[/TD] [TD=align: right](238,985)[/TD] [/TR] [TR] [TD]Tangible assets[/TD] [TD=align: right]3,667,373[/TD] [/TR] [TR] [TD]Total Fixed Assets[/TD] [TD=align: right]3,428,388[/TD] [/TR] [TR] [TD]CURRENT ASSETS[/TD] [TD][/TD] [/TR] [TR] [TD]Stocks[/TD] [TD=align: right]11,049[/TD] [/TR] [TR] [TD]Debtors[/TD] [TD=align: right]11,580,209[/TD] [/TR] [TR] [TD]Cash at bank and on hand[/TD] [TD=align: right]2,881,391[/TD] [/TR] [TR] [TD]Total Current Assets[/TD] [TD=align: right]14,472,649[/TD] [/TR] [TR] [TD]CREDITORS:Amounts falling due within one year[/TD] [TD=align: right]10,246,414[/TD] [/TR] [TR] [TD]NET CURRENT ASSETS[/TD] [TD=align: right]4,226,235[/TD] [/TR] [TR] [TD]TOTAL ASSETS LESS CURRENT LIABILITIES[/TD] [TD=align: right]7,654,623[/TD] [/TR] [TR] [TD]CREDITORS: Amounts falling due after more than one year[/TD] [TD=align: right]4,266,284[/TD] [/TR] [TR] [TD]Total Current Assets[/TD] [TD=align: right]3,388,339[/TD] [/TR] [TR] [TD]CAPITAL AND RESERVES[/TD] [TD][/TD] [/TR] [TR] [TD]Called-up equity share capital[/TD] [TD=align: right]39,020[/TD] [/TR] [TR] [TD]Share premium account[/TD] [TD=align: right]3,862,980[/TD] [/TR] [TR] [TD]Profit and loss account[/TD] [TD=align: right](513,661)[/TD] [/TR] [TR] [TD]SHAREHOLDERS' FUNDS[/TD] [TD=align: right]3,388,339[/TD] [/TR] [/TABLE] So the question is, when will Pompey be forced to raise yet more equity from the plucky high net-worth (or, currently much lower net worth) investors, sell-up or, more likely, call in the receiver again. My guess is that as they are probably losing around £250K a month and as it is 6 months since these accounts were compiled, they probably have about one and a half million in shareholders funds left. I'm thus going for administration at the end of the season. Unless anyone is willing to come up with another £3-4 million to gamble on making the dizzy heights of league one by 2015-2016, when they will likely to be only losing slightly less money. Of course, I could be wrong and they could be currently making a healthy profit on their 15,000 crowds in League 2.

Half of those live close to the away ground. Just like us, really...

The truth about the BBC regarding their "climate change" bo££ox is here... What a disgraceful use of taxpayers money and led by that ageing eccentric "luvvie", Sir David Attenborough...(famous quotes: "..humans are a plague on Earth", "We say, get the United Nations to send them (Ethiopians) bags of flour. That’s barmy") The BBC, home of peodophiles, nutters and sex pests, funded by you and me...

I have an answer for you, George. The extreme cold weather you are experiencing is due to global warming, aka climate change. I know this, because organisations such as the BBC, the Met Office and the Guardian have told me. Luckily, their part in the greatest con since the start of the industrial revolution is now being exposed. The BBC here in the Telegraph: The Met Office here in the Times: The Guardian:

Lovely to see the academics disappearing up their own ar$e$ with a "heuristic" approach to climate change. For those remotely interested, that involves deriving an expression they can get their heads around that can approximate a set of circumstances so complex, that they have no hope of modelling with their puny brains. Meanwhile, the Met Office continues to falsify the data their crap models rely on, here.

Reminds me of an exchange with one of our wonderful expats on this forum: 14-01-2009

I think the head is quite realistic, TBF...

Too much time on my hands...

...I know exactly the artist for this job...

I think this is the image showing the lovely Kora Blagden clutching the season tickets to her heart: A classy broad and wonderful mother... ...and more PR gold for Pompey!

Just a reminder of the crock of sh !t, so many swallowed at the time, with Legg swallowing harder than most... I can only imagine the hard-on, um pahars and Wes Tender are getting, just reading it again... Less than 3 years after this we were in administration. The only reason we got out of the sh !t, was that the structure Lowe et al had put in place, was so attractive to an investor. Otherwise we'd be playing Pompey in League 2

Further to the Pompey administration rumour I posted, I got more details last night. It appears that this administration was always on the cards when the club was bought by the fans and why no one else would touch the club with a barge pole. It all comes down to the money owed to the former players. They are being paid out over 4 years as part of the administration exit agreement, but the parachute payments only ran for 2 years. ....so, all it will take is one of their former players not agreeing to re-schedule the debt and it's curtains...

I'm just basing my opinion on the evidence...

Scientists questioning the accuracy of IPCC climate projections Scientists in this section have made comments that it is not possible to project global climate accurately enough to justify the ranges projected for temperature and sea-level rise over the next century. They may not conclude specifically that the current IPCC projections are either too high or too low, but that the projections are likely to be inaccurate due to inadequacies of current global climate modeling. Freeman Dyson, professor emeritus of the School of Natural Sciences, Institute for Advanced Study; Fellow of the Royal Society Richard Lindzen, Alfred P. Sloan professor of atmospheric science at the Massachusetts Institute of Technology and member of the National Academy of Sciences Nils-Axel Mörner, retired head of the Paleogeophysics and Geodynamics department at Stockholm University, former chairman of the INQUA Commission on Sea Level Changes and Coastal Evolution (1999–2003). Garth Paltridge, retired chief research scientist, CSIRO Division of Atmospheric Research and retired director of the Institute of the Antarctic Cooperative Research Centre, visiting fellow ANU Peter Stilbs, professor of physical chemistry at Royal Institute of Technology, Stockholm. Philip Stott, professor emeritus of biogeography at the University of London Hendrik Tennekes, retired director of research, Royal Netherlands Meteorological Institute Scientists arguing that global warming is primarily caused by natural processes Scientists in this section have made comments that the observed warming is more likely attributable to natural causes than to human activities. Their views on climate change are usually described in more detail in their biographical articles. Khabibullo Abdusamatov, mathematician and astronomer at Pulkovo Observatory of the Russian Academy of Sciences Sallie Baliunas, astronomer, Harvard-Smithsonian Center for Astrophysics Ian Clark, hydrogeologist, professor, Department of Earth Sciences, University of Ottawa Chris de Freitas, associate professor, School of Geography, Geology and Environmental Science, University of Auckland David Douglass, solid-state physicist, professor, Department of Physics and Astronomy, University of Rochester Don Easterbrook, emeritus professor of geology, Western Washington University William M. Gray, professor emeritus and head of the Tropical Meteorology Project, Department of Atmospheric Science, Colorado State University William Happer, physicist specializing in optics and spectroscopy, Princeton University Ole Humlum, professor of geology at the University of Oslo Wibjörn Karlén, professor emeritus of geography and geology at the University of Stockholm. William Kininmonth, meteorologist, former Australian delegate to World Meteorological Organization Commission for Climatology David Legates, associate professor of geography and director of the Center for Climatic Research, University of Delaware Tad Murty, oceanographer; adjunct professor, Departments of Civil Engineering and Earth Sciences, University of Ottawa Tim Patterson, paleoclimatologist and professor of geology at Carleton University in Canada. Ian Plimer, professor emeritus of Mining Geology, the University of Adelaide. Nicola Scafetta, research scientist in the physics department at Duke University Tom Segalstad, head of the Geology Museum at the University of Oslo Fred Singer, professor emeritus of environmental sciences at the University of Virginia Willie Soon, astrophysicist, Harvard-Smithsonian Center for Astrophysics Roy Spencer, principal research scientist, University of Alabama in Huntsville Henrik Svensmark, Danish National Space Center Jan Veizer, environmental geochemist, professor emeritus from University of Ottawa Scientists arguing that the cause of global warming is unknown Scientists in this section have made comments that no principal cause can be ascribed to the observed rising temperatures, whether man-made or natural. Their views on climate change are usually described in more detail in their biographical articles. Syun-Ichi Akasofu, retired professor of geophysics and founding director of the International Arctic Research Center of the University of Alaska Fairbanks. Claude Allègre, politician; geochemist, emeritus professor at Institute of Geophysics (Paris). Robert C. Balling, Jr., a professor of geography at Arizona State University. John Christy, professor of atmospheric science and director of the Earth System Science Center at the University of Alabama in Huntsville, contributor to several IPCC reports. Petr Chylek, space and remote sensing sciences researcher, Los Alamos National Laboratory. David Deming, geology professor at the University of Oklahoma. Ivar Giaever, professor emeritus at the Rensselaer Polytechnic Institute. Antonino Zichichi, emeritus professor of nuclear physics at the University of Bologna and president of the World Federation of Scientists. Scientists arguing that global warming will have few negative consequences Scientists in this section have made comments that projected rising temperatures will be of little impact or a net positive for human society and/or the Earth's environment. Their views on climate change are usually described in more detail in their biographical articles. Craig D. Idso, faculty researcher, Office of Climatology, Arizona State University and founder of the Center for the Study of Carbon Dioxide and Global Change Sherwood Idso, former research physicist, USDA Water Conservation Laboratory, and adjunct professor, Arizona State University Patrick Michaels, senior fellow at the Cato Institute and retired research professor of environmental science at the University of Virginia

Oh look, an Industrial Engineer...

Climatologist Dr. Judith Curry’s at recent US Senate hearing:

Pick the bones out of these two, you intellectual pygmy: A world class astrophysicist A world class physicist

Google ab hominem. You'll be embarassed you posted that.

Tue, 03/23/2010 Fri, 07/12/2013

A video showing Wang Jianlin arriving at Southampton Airport just posted on Youtube:

0:1 Oh dear, what a shame, never mind...

....Oh, and Harry's probably going to West Ham...

Before the end of the season...that was the best estimate I got.

An ex-player and a partner at a large accountancy firm...

I heard from two sources this week, that Pompey will be going into administration again...