Teesside-2
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Bill - I know my onions. I’m a qualified finance professional and have been for 25 years. This means I deal with facts not fiction.
That said, I like a good rumour about new airlines and routes from an airport….
That said, I like a good rumour about new airlines and routes from an airport….
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And before retirement I was the CEO of a manufacturing company for 17 years, selling their finished goods all over the world and we never saw the nessesity to declare EBITDA figures, we were proud of our performance and had nothing to hide, so I am still with Warren Buffett,
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And before retirement I was the CEO of a manufacturing company for 17 years, selling their finished goods all over the world and we never saw the nessesity to declare EBITDA figures, we were proud of our performance and had nothing to hide, so I am still with Warren Buffett,
There are strict rules as P330 says on reporting and unfortunately for for those conspiracy theorist out their Mr Houchen has very little if nothing to do with the accounts! But of course any CEO should be able to confirm that.
Ok..my reply..so you are saying it’s ok for an airport to be ‘rather’ quiet during the winter months…as exceptionally high profits are made in the summer? Ok..I will go with that theory.
But my original query was how much does it cost ,I wonder, to keep a major airport open on days when..actually..not much happens?
But my original query was how much does it cost ,I wonder, to keep a major airport open on days when..actually..not much happens?
Ok..my reply..so you are saying it’s ok for an airport to be ‘rather’ quiet during the winter months…as exceptionally high profits are made in the summer? Ok..I will go with that theory.
But my original query was how much does it cost ,I wonder, to keep a major airport open on days when..actually..not much happens?
But my original query was how much does it cost ,I wonder, to keep a major airport open on days when..actually..not much happens?
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And I working in auditing, and seen many CEO have no clue what their company is doing!
There are strict rules as P330 says on reporting and unfortunately for for those conspiracy theorist out their Mr Houchen has very little if nothing to do with the accounts! But of course any CEO should be able to confirm that.
There are strict rules as P330 says on reporting and unfortunately for for those conspiracy theorist out their Mr Houchen has very little if nothing to do with the accounts! But of course any CEO should be able to confirm that.
Worst / Best answer to basic question 'what is your long term ambition for your Company' was 'getting through to Friday'. Sayeth.MD of eng components company training over Millions.
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I was fortunate to retire before COVID and all the instability that followed, it's a lot more difficult nowadays,we live in a poorer world, we need to learn how to be peaceful again.
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To be fair Bill, I’ve disclosed EBITDA before and alternatives such as Operating Profit. The argument for EBITDA is it focusses on trading and ignores historical capex and interest. I get though that some don’t like it.
That said, using it is fine, entirely normal and legal, independently verified and is not a sign of people trying to hide things.
My frustration is the constant search for conspiracy and non-truths.
That said, using it is fine, entirely normal and legal, independently verified and is not a sign of people trying to hide things.
My frustration is the constant search for conspiracy and non-truths.
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To be fair Bill, I’ve disclosed EBITDA before and alternatives such as Operating Profit. The argument for EBITDA is it focusses on trading and ignores historical capex and interest. I get though that some don’t like it.
That said, using it is fine, entirely normal and legal, independently verified and is not a sign of people trying to hide things.
My frustration is the constant search for conspiracy and non-truths.
That said, using it is fine, entirely normal and legal, independently verified and is not a sign of people trying to hide things.
My frustration is the constant search for conspiracy and non-truths.
I guess conspiracy theorists, and I admit I am a little that way inclined, is that they are always looking beyond the problem, rightly or wrongly, without questions we don't know the answers , some of us simply have a suspicious nature, and seek explanations before we accept what's being told to us, we are who we are, we mean no harm
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I do appreciate that EBITDA accounting is perfectly acceptable, entirely legal, but there are many CEOs and especially investors are not fans,
I guess conspiracy theorists, and I admit I am a little that way inclined, is that they are always looking beyond the problem, rightly or wrongly, without questions we don't know the answers , some of us simply have a suspicious nature, and seek explanations before we accept what's being told to us, we are who we are, we mean no harm
I guess conspiracy theorists, and I admit I am a little that way inclined, is that they are always looking beyond the problem, rightly or wrongly, without questions we don't know the answers , some of us simply have a suspicious nature, and seek explanations before we accept what's being told to us, we are who we are, we mean no harm
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I wouldn't take what is on the movements page or the airport departure/ arrivals boards as gospel as to what is actually happening on the day. It may seem that nothing is happening but the exact opposite. It could be kept quite busy with single engine light aircraft doing circuits etc which they don't put up on the page. So the small aircraft can be generating cash when it doesn't seem to be anything happening.
I wouldn't take what is on the movements page or the airport departure/ arrivals boards as gospel as to what is actually happening on the day. It may seem that nothing is happening but the exact opposite. It could be kept quite busy with single engine light aircraft doing circuits etc which they don't put up on the page. So the small aircraft can be generating cash when it doesn't seem to be anything happening.
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I do appreciate that EBITDA accounting is perfectly acceptable, entirely legal, but there are many CEOs and especially investors are not fans,
I guess conspiracy theorists, and I admit I am a little that way inclined, is that they are always looking beyond the problem, rightly or wrongly, without questions we don't know the answers , some of us simply have a suspicious nature, and seek explanations before we accept what's being told to us, we are who we are, we mean no harm
I guess conspiracy theorists, and I admit I am a little that way inclined, is that they are always looking beyond the problem, rightly or wrongly, without questions we don't know the answers , some of us simply have a suspicious nature, and seek explanations before we accept what's being told to us, we are who we are, we mean no harm
New Hangar 360 built and occupied. Draken increases fleet with 8x Honey Badgers arriving after gaining new contract increasing their business.
TVCA had moved into new office built at the airport.
Training Schools increasing fleets.
Fuel sales increased after increase in aircraft.
Cargo operations start.
More larger aircraft using airport than previous year.
108,362 extra passengers than previous year.
1,230 extra aircraft movements
Extra passengers means increased car parking revenues and spending in terminal businesses along with fees.
Turnover £15,575,088
Cost of Sales £14,226,132
So profit £1,348,956 on turnover vs cost of sales.
Interest Rate on Loans remain same level as they have done since purchase.
So there is a lot more going on than just passengers at the airport.
Harold, we have had cargo since the airport opened in the 1960s. The shed was still lying empty with a broken door last time I passed by.
A curio. The Mayor said he had 20 million to build hangars and all the plans appeared. Then Airborne Colours said they were spending 6.5 million on the hangar. So who is actually paying for the new hangar?
A curio. The Mayor said he had 20 million to build hangars and all the plans appeared. Then Airborne Colours said they were spending 6.5 million on the hangar. So who is actually paying for the new hangar?
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We've had more cargo now than we have had for a good number of years.
Financial Year
2022-23 about 15 tonnes
2023-24 about 62 tonnes so far.
CAA Historical Data
Calendar Year - Tonnes
2020 - 8
2018 - 1
2017 - 4
2016 - 8
2014 - 2
2011 - 3
2009 - 298
2008 - 290
2007 - 786
2006 - 457
2005 - 363
2004 - 485
2003 - 1,087
2002 - 1,007
2001 - 1,927
2000 - 3,007
1999 - 2,820
1998 - 1,455
1997 - 39
1996 - 68
1995 - 85
1994 - 69
1993 - 40
1992 - 35
1991 - 53
1990 - 86
1989 - 77
1988 - 65
1987 - 68
1986 - 63
Financial Year
2022-23 about 15 tonnes
2023-24 about 62 tonnes so far.
CAA Historical Data
Calendar Year - Tonnes
2020 - 8
2018 - 1
2017 - 4
2016 - 8
2014 - 2
2011 - 3
2009 - 298
2008 - 290
2007 - 786
2006 - 457
2005 - 363
2004 - 485
2003 - 1,087
2002 - 1,007
2001 - 1,927
2000 - 3,007
1999 - 2,820
1998 - 1,455
1997 - 39
1996 - 68
1995 - 85
1994 - 69
1993 - 40
1992 - 35
1991 - 53
1990 - 86
1989 - 77
1988 - 65
1987 - 68
1986 - 63
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Harold, we have had cargo since the airport opened in the 1960s. The shed was still lying empty with a broken door last time I passed by.
A curio. The Mayor said he had 20 million to build hangars and all the plans appeared. Then Airborne Colours said they were spending 6.5 million on the hangar. So who is actually paying for the new hangar?
A curio. The Mayor said he had 20 million to build hangars and all the plans appeared. Then Airborne Colours said they were spending 6.5 million on the hangar. So who is actually paying for the new hangar?
That 20m extra was to help towards covid losses and expansion of airfield facilities.
We have seen Draken new Hangar built, Hangar Four being built, Jet engine (testing) blast bay plus all the associated hard standings (aprons/ taxiways), updates to radar/ airport computer systems to include new buildings and aircraft stands and utilities connections.
The Airbourne Colours investment figure could comprise of numerous costs such as equipment and plant, hangar fitting out, also other costs.
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The quality of user on this thread has fallen off a cliff of late. It's like watching a load of attention seekers and village idiots bicker over a subject matter they think they understand and quite frankly don't