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Posted

Reading snippets on line apparently this is a record quarterly loss in the firms history. The Indian financial press are unconvinced about their management ability to turn things round citing reduced profitability and increasing costs. They highlight the next quarter results as a clear indicator of the firms direction. 

There is definitely trouble at t mill.

Judging by how our club has been run  it would be no surprise to see losses continue.

Posted (edited)

https://www.reuters.com/world/india/venkys-india-swings-loss-second-quarter-weak-poultry-pricing-2025-11-07/

Largely macro factors but an 8% SP drop after a single quarter is significant. Reading the article looks as though they are (still) trying to diversify into other ventures. Rovers are one of the many that have likely failed to supplement the core business. 

With any business or P&L, when you get a negative top line the first thing that they will do is control the spend. We won't be seeing any investment for a while.....or, ever?

Bleak times over at Venky towers. What a shame for them.

Edited by Trinidad Rover
  • Like 3
Posted

Would they take a significant loss in their books if they sold us (with a loss)? 

Previously they've said categorically that we're not for sale, now it's different tune. I don't expect anything to happen anytime soon, but within the next five years I believe we'll have different owners.

Posted

Iv'e thought more than one recently that financial control of Rovers may well have been wrested away from the 4 loons by the VH group finance dept and/or their lenders before it brought the whole lot crashing down.

The cost cutting and cashing in ramped up undeniably since another of their finance men was stuck on the Rovers board.

If i were them i'd be recommending just what a good idea it would be to grab some money back from a sale of the club and write off the debt alongside future losses.

  • Like 1
Posted (edited)
2 hours ago, Tomphil2 said:

Iv'e thought more than one recently that financial control of Rovers may well have been wrested away from the 4 loons by the VH group finance dept and/or their lenders before it brought the whole lot crashing down.

The cost cutting and cashing in ramped up undeniably since another of their finance men was stuck on the Rovers board.

If i were them i'd be recommending just what a good idea it would be to grab some money back from a sale of the club and write off the debt alongside future losses.

There may be some mileage in this, the narrative around a sale recently has changed substantially from "We will NEVER sell the Club" a few years ago to the 3 stooges hinting that a sale might not be out of the question in the car crash interviews and Pasha saying every Club is for sale at the right price at the Fans Forum.

Edit: We need a lot more pressure on their lackeys Gestede,  Pasha and Ismael from the Coalition and with a bit of luck they might all decide at some point it's just not worth it.

Edited by RevidgeBlue
  • Like 4
Posted

https://www.marketsmojo.com/news/stocks-in-action/venkys-india-stock-plummets-to-new-52-week-low-at-rs-13252-3688883

Venkys (India) Stock Plummets to New 52-Week Low at Rs. 1325.2

Nov 11 2025 09:48 AM IST
share
 
Venkys (India) has reached a new 52-week low, reflecting a significant decline in stock performance over the past four days. The company is trading below all major moving averages and has reported a substantial drop in profit after tax, highlighting ongoing financial challenges in a competitive market.

In terms of moving averages, Venkys (India) is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past year, the stock has generated a return of -24.31%, contrasting sharply with the Sensex's performance of 7.40% during the same period.

Financial metrics reveal that the company has faced difficulties, with a reported PAT of Rs. -26.53 crore in its latest quarter, a staggering decline of 285.3% compared to the previous four-quarter average. Additionally, the company's return on capital employed (ROCE) stands at a low 3.38%, and its inventory turnover ratio is at 12.78 times, both of which are concerning indicators of operational efficiency.

  • Like 4
Posted

In business, it’s common to see companies make symbolic moves such as selling off assets to create the impression of meaningful change, even when they know the financial impact will be minimal. Often, these actions are more about optics than substance, aimed at signalling commitment to improvement rather than delivering real results.

I wouldn’t be surprised if selling Blackburn becomes part of this strategy in the future, framed as an effort to avoid sinking another £200m+ over the next decade with little to show for it. The fact they’re currently trying to sell to generate cash suggests this could be a way to offset existing losses. However, once they realise there’s little left to liquidate, the focus will likely shift to selling to the highest bidder. 

Let's hope someone is in the Rao Family's ears suggesting this sooner rather than later!

  • Like 2
Posted
46 minutes ago, Crimpshrine said:

https://www.marketsmojo.com/news/stocks-in-action/venkys-india-stock-plummets-to-new-52-week-low-at-rs-13252-3688883

Venkys (India) Stock Plummets to New 52-Week Low at Rs. 1325.2

Nov 11 2025 09:48 AM IST
share
 
Venkys (India) has reached a new 52-week low, reflecting a significant decline in stock performance over the past four days. The company is trading below all major moving averages and has reported a substantial drop in profit after tax, highlighting ongoing financial challenges in a competitive market.

In terms of moving averages, Venkys (India) is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past year, the stock has generated a return of -24.31%, contrasting sharply with the Sensex's performance of 7.40% during the same period.

Financial metrics reveal that the company has faced difficulties, with a reported PAT of Rs. -26.53 crore in its latest quarter, a staggering decline of 285.3% compared to the previous four-quarter average. Additionally, the company's return on capital employed (ROCE) stands at a low 3.38%, and its inventory turnover ratio is at 12.78 times, both of which are concerning indicators of operational efficiency.

Good, let’s hope this continues!

  • Like 3
Posted
5 hours ago, Crimpshrine said:

https://www.marketsmojo.com/news/stocks-in-action/venkys-india-stock-plummets-to-new-52-week-low-at-rs-13252-3688883

Venkys (India) Stock Plummets to New 52-Week Low at Rs. 1325.2

Nov 11 2025 09:48 AM IST
share
 
Venkys (India) has reached a new 52-week low, reflecting a significant decline in stock performance over the past four days. The company is trading below all major moving averages and has reported a substantial drop in profit after tax, highlighting ongoing financial challenges in a competitive market.

In terms of moving averages, Venkys (India) is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past year, the stock has generated a return of -24.31%, contrasting sharply with the Sensex's performance of 7.40% during the same period.

Financial metrics reveal that the company has faced difficulties, with a reported PAT of Rs. -26.53 crore in its latest quarter, a staggering decline of 285.3% compared to the previous four-quarter average. Additionally, the company's return on capital employed (ROCE) stands at a low 3.38%, and its inventory turnover ratio is at 12.78 times, both of which are concerning indicators of operational efficiency.

Absolutely gutted for them… not 

Posted

Here's hoping that this club keeps costing them a fortune and they're forced into a position whereby selling up is the only viable option.

We surely don't have anyone else bar maybe Cantwell, Toth, Tronstad and Alebiasu who would fetch anything more than a few hundred grand. 

Let the losses continue.

  • Like 4
Posted

Every penny not spent on the club by fans at this point counts. 

As has been said, this isn't a "drop in the ocean", this is substantial loss for a business with shareholders, they won't look too kindly on a passion project costing the firm in excess of £20m a year.

  • Like 2
  • Fair point 1
Posted
39 minutes ago, bob fleming said:

Again, someone (or a group of individuals) is / are making a lot of money here. There are too many key characters involved who clearly don't care for the club, the fans, our history, for it not to be the case. 

It's the 64m dollar question that everyone has been asking for years isn't it (or rather the 300m dollar one by now).

Why do they still bother?

The only people who seem to obviously benefit from the arrangement are agents, from the very early days right up to present day with signing people like Dennis and Baradji.

Im absolutely none the wiser as it wouldn't seem to be in dispute that the liability for everything rests with Venky's - on the face of it there seems to have been no upside for them whatsoever for them out of ownership of the Club. Other than negative publicity and losing a shit ton of money.

On the other hand, it just seems to have been all jam and no potential downside for the people they've continued to allow to rip them off and leech off the Club down the years.

Why didn't they simply cut ties years ago? Is it just a matter of honour and was the organisation as a whole doing so well up until recently that we were just an insignificant little pimple on their backside?

The only thing I've noticed relatively recently is that despite considerable budget cuts year after year the posted losses always seem to remain constant at around £20m p.a. no matter how many cuts we make. You'd have thought that taking Sky Sports out of the Blues Bar would start to have a positive impact on the balance sheet sooner or later.

Bringing things up to date and looking forward there seems to be absolutely no point in a Club which simply seems to exist to pay the likes of Suhail, Gestede and Ismael (and formerly Waggott Mowbray and Venus) a huge wage with no aspirations whatsoever of promotion whose only stated aim is to be self sustainable by hoping to develop a few players in due course to sell on for profit.

Could we simply be a mechanism for moving money out of India as the Authorities over there have already taken exception to on a couple of occasions?

  • Like 3
Posted
20 minutes ago, bob fleming said:

I really don't know. As they say though, to make sense of it all, follow the money.

 

 

 

 

We’re at the point now where they may well want to sell, but if they do, they have to crystallise the loss in the parent company accounts which in turn may well create negative reaction.

By keeping it ticking over with minimal investment it buys them some respite & allows the accountants to pretend that there still is some inherent value in Rovers. 

  • Like 5
  • Fair point 1
Posted
2 hours ago, RevidgeBlue said:

 

 

Why didn't they simply cut ties years ago? Is it just a matter of honour and was the organisation as a whole doing so well up until recently that we were just an insignificant little pimple on their backside?

The only thing I've noticed relatively recently is that despite considerable budget cuts year after year the posted losses always seem to remain constant at around £20m p.a. no matter how many cuts we make. You'd have thought that taking Sky Sports out of the Blues Bar would start to have a positive impact on the balance sheet sooner or later.

 

It would seem that the make up of the shareholder base is very fragmented from what I can gather the major financial institutions have steered clear of investment in the company. Consequently there appears a lack of clout within the shareholder base to call the board to account

  • Like 1
Posted
1 hour ago, Herbie6590 said:

We’re at the point now where they may well want to sell, but if they do, they have to crystallise the loss in the parent company accounts which in turn may well create negative reaction.

By keeping it ticking over with minimal investment it buys them some respite & allows the accountants to pretend that there still is some inherent value in Rovers. 

£220 million at the last count.

One day there’s going to be one hell off a write off.

  • Like 1
  • Fair point 1
Posted
2 hours ago, RevidgeBlue said:

It's the 64m dollar question that everyone has been asking for years isn't it (or rather the 300m dollar one by now).

Why do they still bother?

The only people who seem to obviously benefit from the arrangement are agents, from the very early days right up to present day with signing people like Dennis and Baradji.

Im absolutely none the wiser as it wouldn't seem to be in dispute that the liability for everything rests with Venky's - on the face of it there seems to have been no upside for them whatsoever for them out of ownership of the Club. Other than negative publicity and losing a shit ton of money.

On the other hand, it just seems to have been all jam and no potential downside for the people they've continued to allow to rip them off and leech off the Club down the years.

Why didn't they simply cut ties years ago? Is it just a matter of honour and was the organisation as a whole doing so well up until recently that we were just an insignificant little pimple on their backside?

The only thing I've noticed relatively recently is that despite considerable budget cuts year after year the posted losses always seem to remain constant at around £20m p.a. no matter how many cuts we make. You'd have thought that taking Sky Sports out of the Blues Bar would start to have a positive impact on the balance sheet sooner or later.

Bringing things up to date and looking forward there seems to be absolutely no point in a Club which simply seems to exist to pay the likes of Suhail, Gestede and Ismael (and formerly Waggott Mowbray and Venus) a huge wage with no aspirations whatsoever of promotion whose only stated aim is to be self sustainable by hoping to develop a few players in due course to sell on for profit.

Could we simply be a mechanism for moving money out of India as the Authorities over there have already taken exception to on a couple of occasions?

Or the other one, is it out of spite because they can?

Posted
20 minutes ago, Rogerb said:

It would seem that the make up of the shareholder base is very fragmented from what I can gather the major financial institutions have steered clear of investment in the company. Consequently there appears a lack of clout within the shareholder base to call the board to account

Interesting. Cheers.

Posted
2 hours ago, Herbie6590 said:

We’re at the point now where they may well want to sell, but if they do, they have to crystallise the loss in the parent company accounts which in turn may well create negative reaction.

By keeping it ticking over with minimal investment it buys them some respite & allows the accountants to pretend that there still is some inherent value in Rovers. 

So perhaps things are coming to a head for them? 

Posted
1 hour ago, CrouchingNunhiddenCucumber said:

Don't do it to yourself 

Literally clutching to strings of possibilities 😫 😟

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