Things looking up for Joy (3 Viewers)

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skybluetony176

skybluetony176

Well-Known Member
The power of Management fee's apparently. 4th story down

http://www.telegraph.co.uk/finance/...s-Tesco-cuts-loyal-staffers-leaving-perk.html

Joy Seppala, the American hedge fund high-roller who owns Coventry City football club, may be having a tough time with the local authorities over ownership of the city’s Ricoh Stadium.
But things are going more smoothly at her Sisu Capital hedge fund. Sisu Capital Limited’s latest accounts, for the year to March, show that pre-tax profits increased from £96,367 to £553,722 over the year, on turnover of £2,041,890.
“This is due to a better performance of the Sisu hedge funds, leading to an increase in management fees,” say directors.
Fans will hope Coventry City, too, can regain the home advantage.
 
olderskyblue

olderskyblue

Well-Known Member
Yes. Nice Turnover/profit ratio too... I can see why Tim thought ACL's 10% profit from F&B's was miserly.
 
ajsccfc

ajsccfc

Well-Known Member
Nice to see her have good news, she deserves it. Hearty pat on the back, job well done. Big smiles and hugs xxx
 
shmmeee

shmmeee

Well-Known Member
wingy said:
Someone should erect a statue In her honour.
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Done:

49305.jpg
 
SkyBlue76

SkyBlue76

New Member
Well done Joy. Now you just need to offset your profits against the £70 (ish) million debts you've loaded onto CCFC and at this rate you'll break even in a couple of hundred years. Business woman of the century, me thinks.
 
Rob S

Rob S

Well-Known Member
Joking aside, does anyone remember when one of the arguments for getting rid of Sisu was that they were in trouble and would take us down with them?
 
M

Monners

Well-Known Member
Rob S said:
Joking aside, does anyone remember when one of the arguments for getting rid of Sisu was that they were in trouble and would take us down with them?
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Anyone who believed that knows nothing about hedge funds. Joy is worth billions -shame she doesn't like football.
 
Hobo

Hobo

Well-Known Member
Rob S said:
Joking aside, does anyone remember when one of the arguments for getting rid of Sisu was that they were in trouble and would take us down with them?
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I think it has been clear for sometime the state of CCFC does not directly affect the profitability of Joy.
 
G

Godiva

Well-Known Member
James Smith

James Smith

Well-Known Member
For some reason this quote from Trading Places came to mind

Mortimer: Tell him the good part.
Randolph: The good part William, is that, no matter whether our clients make money or lose money, Duke & Duke get the commissions.
Mortimer: Well? What do you think Valentine?
Billy Ray: Sounds to me like you guys are a couple of bookies.
Randolph: I told you he'd understand.
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Not sure why.
 
SIR ERNIE

SIR ERNIE

Well-Known Member
Monners said:
Anyone who believed that knows nothing about hedge funds. Joy is worth billions -shame she doesn't like football.
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worth billions? where do you get that from?


SISU capital made £96k last year. That's about the same as the corner shop down the road.


£2m turnover this year with £500k profit?


Hardly big time is it.

Laughable.
 
Grendel

Grendel

Well-Known Member
SIR ERNIE said:
worth billions? where do you get that from?


SISU capital made £96k last year. That's about the same as the corner shop down the road.


£2m turnover this year with £500k profit?


Hardly big time is it.

Laughable.
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If that's laughable what's £14 million turnover and £750,000 profit?
 
Grendel

Grendel

Well-Known Member
SIR ERNIE said:
go on, tell me.
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Well profit as a % of turnover is an key business indicator - 25% as a% of turnover is a figure any company in the world would die for. 5% is distinctly average in most industries.
 
SIR ERNIE

SIR ERNIE

Well-Known Member
Grendel said:
Well profit as a % of turnover is an key business indicator - 25% as a% of turnover is a figure any company in the world would die for. 5% is distinctly average in most industries.
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hmmm I think you're getting out of your depth.

25% is a good margin but if your turnover is only £2m you're hardly a big company are you.

You can't bank percentages.
 
fernandopartridge

fernandopartridge

Well-Known Member
SIR ERNIE said:
hmmm I think you're getting out of your depth.

25% is a good margin but if your turnover is only £2m you're hardly a big company are you.

You can't bank percentages.
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Of course the likes of JS will route and declare all income through a British based company and not elsewhere.
 
shmmeee

shmmeee

Well-Known Member
fernandopartridge said:
Of course the likes of JS will route and declare all income through a British based company and not elsewhere.
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Quite.

I'm not sure what the point of a hedge fund's accounts are, surely they say whatever they want them to say? I wouldn't expect to see it reading billions in profit even if that's what they were making.
 
SIR ERNIE

SIR ERNIE

Well-Known Member
shmmeee said:
Quite.

I'm not sure what the point of a hedge fund's accounts are, surely they say whatever they want them to say? I wouldn't expect to see it reading billions in profit even if that's what they were making.
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Exactly. as transparent as mud.
 
N

No future with SISU

New Member
Grendel said:
Well profit as a % of turnover is an key business indicator - 25% as a% of turnover is a figure any company in the world would die for. 5% is distinctly average in most industries.
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As usual you write crap about things you know nothing off. Lets look at the growing sainsburys £28 Billion turnover, Pre-tax profit of £800m, shares rising, 2nd biggest supermarket in uk, PROFITS UNDER 5%, so a distinctly average Profit is it grendel or maybe you would like to call them an average company.
 
Hobo

Hobo

Well-Known Member
Where has this Joy s a billionaire nonsense come from?
 
T

turlykerd

New Member
No future with SISU said:
It is crap so must have come from Grendel.
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http://companycheck.co.uk/director/905733215

Director Overview

Joy Seppala holds 5 appointments at 4 active companies, has resigned from 1 companies and held 1 appointments at 1 dissolved companies. Joy began their first appointment at the age of 36. Their longest current appointment spans 16 years and 4 months at SISU CAPITAL LIMITED.

The combined cash at bank value for all businesses where Joy holds a current appointment equals £503,033, with a combined assets value of £3,000,876 and liabilities of £453,836. Roles associated with Joy Seppala within the recorded businesses include: Director, Llp Member, Llp Designated Member, Company Secretary

Not in the billions
 
W

wingy

Well-Known Member
turlykerd said:
http://companycheck.co.uk/director/905733215

Director Overview

Joy Seppala holds 5 appointments at 4 active companies, has resigned from 1 companies and held 1 appointments at 1 dissolved companies. Joy began their first appointment at the age of 36. Their longest current appointment spans 16 years and 4 months at SISU CAPITAL LIMITED.

The combined cash at bank value for all businesses where Joy holds a current appointment equals £503,033, with a combined assets value of £3,000,876 and liabilities of £453,836. Roles associated with Joy Seppala within the recorded businesses include: Director, Llp Member, Llp Designated Member, Company Secretary

Not in the billions
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Think the old fells's got a few sheckles also.
 
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