Report: Global investment bank bullish on Celtic finances …

A global investment bank has recommended to its clients that buying Celtic shares is a bargain in the current market due to the club’s incredibly strong financial position, The Sunday Mail has reported. [26/03 print edition] It’s said by the outlet that Canaccord Genuity has compiled a dossier looking at the financial situation of the Bhoys, predicting that a record GBP112m turnover is on the way in the club’s next set of financial results later in the year. That’s something we’ve spoken about on the 67 Hail Hail previously, but Canaccord are going so far as to recommend to its clients that Celtic are currently undervalued at its current share price, distributing its confidential report on the Bhoys.

Celtic FC v Real Madrid: Group F - UEFA Champions League Photo by Silvestre Szpylma/Quality Sport Images/Getty Images

It’s a sign that Celtic are seen as a very stable entity on the up, with the money coming into the club a result of both incredible fan support and sporting success on the pitch.

Ange Postecoglou has the Bhoys on the brink of a second successive qualification to the UEFA Champions League. This year’s Scottish Premiership winners are guaranteed a group stage spot and access to at least GBP30m in additional revenue compared to missing out. That, in conjunction with an incredibly strong interim financial statement, means that Celtic are arguably in a better business position than they’ve ever been before – especially when you consider it has come hand-in-hand with an incredible haul of trophies.

With next year’s Premiership winners also gaining entry to a revamped Champions League that promises even more revenue, Celtic have an opportunity to reach a new level in terms of spending power.

If used well, it could help Postecoglou and any future managers bridge the gap in those European tournaments. I think that’s something every Celtic fan wants to see next in the wake of an era of domestic dominance. In other news, John McGinn raises Hampden worry ahead of Celtic vs Rangers semi-final.

Have something to tell us about this article?

Let us know

Tags:

bristol-aquarium listed on couponmatrix.ukmiss-millies listed on couponmatrix.ukmuji listed on couponmatrix.ukpong-cheese listed on couponmatrix.ukreel-cinemas listed on couponmatrix.ukstone-refurb listed on couponmatrix.uk
bristol-aquarium listed on couponmatrix.ukExplore the briny depths right in the heart of the city at Bristol Aquarium. Teaming with tropical creatures, including sharks, rays and fishes from around the world, this is the ultimate educational (yet fun!) day out. Offering concession tickets, family discounts and free entry for toddlers, Bristol Aquarium is the perfect family day trip – especially if you bag a Bristol Aquarium discount code from Groupon. See more of the sea right in the heart of Bristol, and get ready for your aquatic adventure!
miss-millies listed on couponmatrix.ukIf you’re crazy about chicken and live in the south west, you’ll go cuckoo for Miss Millie’s. Save on your favourite fast food with our Miss Millie’s offers and experience a taste sensation like never before. As if they need to name-drop, Miss Millie’s is named after KFC’s Colonel Sanders’ daughter herself! Miss Millie's uses fresh, A-Grade, farm assured chicken, lovingly prepared every morning with the brand's secret recipe seasoning. It's crispy on the outside and succulent and juicy on the inside—we're sold!
muji listed on couponmatrix.ukMuji is your ultimate one-stop location for all things classic and timeless in style - from furniture to beauty products, the online store has something for every room in your home and every purpose. A Muji promo code will help you redo that living room for less and reimagine your ensuite without breaking the bank - your credit card will thank us later! Make your home into the peaceful oasis you’ve always wanted it to be with Muji today.
pong-cheese listed on couponmatrix.ukGive some TLC to tastebuds with a Pong Cheese discount code, providing purse-friendly rates on some of the funkiest, whiffiest and most revered fromage from independent producers in the UK and beyond. Whether it's a funky French cheese to pair with a baguette on a picnic, a crumbly and multi-layered hard cheese for an after-dinner snack, or a tangy blue cheese to give some pizazz to a pasta sauce, all can be found on the online store with a Pong Cheese voucher.
reel-cinemas listed on couponmatrix.ukWant to see the biggest and best new blockbuster movies at a local, family-owned, independent cinema? Well, look no further! With Reel Cinema, you’ll be able to see all the latest films, plus plenty of exhibitions from local communities and more to keep the whole family entertained. Pick up your Reel Cinema vouchers and your next day out could be even cheaper than you think. With 13 cinemas across the UK, you’re never far from a screening of your next favourite film at Reel Cinema.
stone-refurb listed on couponmatrix.ukGet the latest tech secondhand from Stone Refurb, like Windows laptops, MacBooks, iPads, monitors and Apple iPhones. Whether you need a laptop for work, a desktop PC for gaming or a new phone, Stone Refurb has you covered. All orders are dispatched with free delivery, and you can use our Stone Refurb discount code for an additional saving. We’re tracking the best Stone Refurb offers here, so take a look before you make your purchase.