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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Essenden | LSE:ESS | London | Ordinary Share | GB00B64FXD65 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 80.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 80.50 | GBX |
Essenden (ESS) Share Charts1 Year Essenden Chart |
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1 Month Essenden Chart |
Intraday Essenden Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 13/4/2017 19:37 by davidosh The price was certainly way too low and shareholders should have fought for a higher price...now just 20 months later the business is coming back to market at over twice the valuation at which it left....exit at £40m now floating at £106m !! |
Posted at 28/6/2015 22:56 by boonkoh I will definitely be voting against. The price is way too low IMO. |
Posted at 26/6/2015 11:50 by davidosh Cash offer at 80p just announced. That is derisory IMO and only a 10% premium to where we were before the announcement nearly four months ago and actually lower than where the company share price was a year ago. |
Posted at 22/3/2015 10:50 by battlebus2 The rising share price may have also forced their hand, as you say spooky it's a win win and even if an offer doesn't materialise we still have a fab little company I'm more than happy to remain invested in. |
Posted at 22/3/2015 10:10 by davidosh I think Schroders with 20% will play a key role here and so I will have a quiet word on Monday. Christopher Mills is quite a tough dealmaker so I prefer a third party or trade buyer coming in to set a price. The share price reached £1 a year ago and trading conditions plus the business itself have actually much improved since then so very close to that would be needed to tempt me out and to suggest a reasonable price exit. |
Posted at 22/3/2015 08:56 by shanklin Are Harwood Capital completely independent of the directors?Just curious as this is not something I looked at before investing in ESS. |
Posted at 09/9/2014 16:12 by eezymunny Looks like it has sold for £91m (FT) or just over 6x EBITDA of £15m according tohxxps://www.altasset ESS did £4.1m EBITDA last year and may do c. £6m this year as lfl's are up 7% (last t/s). So 6 x £6m would be a £36m valuation on a similar basis which is about = current market cap. ESS is debt free though so may be worth a significantly higher EBITDA multiple to a Private Equity firm? Now I note that Original was debt free end 2012 so that may be bunkum! hxxp://talktenpin.ne Original did £70m sales according to So sold on a 1.3 price/sales. ESS did £45.6m sales in 2013 so sold on that ratio would be valued at £59m or 118p/share. So I guess ESS looks pretty cheap here in summary. |
Posted at 15/5/2014 12:11 by eezymunny Yes Shanklin "By way of illustration, in the event that the Closing Price determined at the end of the Pricing Period is £1.01 (being the market price of an Ordinary Share on 21stMarch 2014, the latest date prior to this announcement), Essenden could enforce its Call Option in respect of the 66 Redeemable Shares for which Notices have been received and elect either to pay a cash payment in aggregate of £497,488, or issue 492,562 new Ordinary Shares (again assuming a price of £1.01 on the date of issue). In the event that Essenden elects to issue Ordinary Shares, participants are required under the terms of the Scheme to hold them for 2 years before selling."I think total 200 redeemable shares were issued and 134 outstanding, so maybe another c. million shares to be issued potentially...can only guess as dependent on share price Suspect neither the loan note conversion "bonuses" nor extra shares reflects the big picture - which is do we have continued buoyant trading and great cash flow and wtf do they plan in terms of capital raise/acquisitions? It's an interesting one...can't see any other funnies but I'm very lazy.... |
Posted at 07/5/2014 16:39 by battlebus2 Essenden PLC Results of General MeetingsAlert TIDMESS TIDMES.P RNS Number : 4797G Essenden PLC 07 May 2014 7 May 2014 ESSENDEN PLC ("Essenden" or the "Company") Results of General Meetings of Shareholders and Noteholders (the "General Meetings") Essenden announces that the Resolutions proposed at the General Meetings, held earlier today, were all duly approved by Shareholders and Noteholders respectively. Following the passing of the Resolutions, the Loan Notes will be withdrawn from trading on ISDX and disabled in CREST, with effect from 4:30 p.m. today. As described in the circulars sent to Shareholders and Noteholders respectively on 14 April 2014 (the "Circulars"), 28,494,511 new Ordinary Shares have been issued and allotted to Noteholders today on the basis of 1.33 new Ordinary Shares for every Loan Note held. Fractional entitlements to Ordinary Shares have not been allotted to Noteholders and, where necessary, entitlements have been rounded down to the nearest whole number of Ordinary Shares. Such fractional entitlements amount to 393 new ordinary Shares in aggregate and will be sold with the net proceeds of such sale being retained for the benefit of the Company. Application has been made to the London Stock Exchange for the 28,494,904 new Ordinary Shares issued today in total to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 8 May 2014. Following the issue of the abovementioned new Ordinary Shares, the Company's issued share capital will consist of 49,919,644 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The above figure of 49,919,644 Ordinary Shares may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Essenden under the Financial Conduct Authority's Disclosure and Transparency Rules. Defined terms used in this announcement have the same meaning as defined in the Circulars, unless the context requires otherwise. |
Posted at 20/3/2014 07:29 by battlebus2 Essenden, the holding company of the Tenpin bowling alley chain, saw its share price rocket on Wednesday after swinging to a profit in 2013 and reporting a strong start to the current year.Chief Executive Nick Basing said that Essenden is 'fitter and stronger than ever' and confident that 2014 will be a 'defining moment in the company's future'. The group, which has 29 Tenpin-branded sites in the UK, reported a profit before tax of £3.6m for the 52 weeks ended December 29th, compared with a loss of £0.1m the previous year. Meanwhile, the cash position also turned positive, moving from net debt of £0.7m at the end of 2012 to net cash of £2.1m at the end of 2013. Essenden said it implemented a number of 'operational improvements' during the year to support sales growth, including technological changes to maximise lane bookings and unlock areas of inefficiency. Revenue totalled £45.6m, down from £47.1m previously, while like-for-like (LFL) sales increased by 0.6%. As for the current year, however, LFL sales were up an impressive 13.5% in the 11 weeks to March 16th. 'The return to GDP growth and rising employment should in time help our business which depends on confidence in consumer spending,' Basing said. - See more at: hxxp://www.ifamagazi |
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