Capital Bars Share Discussion Threads

[kenmill] 08/1/2002 22:33

Offer went unconditional today with 78% acceptances and the offer remains open until 31st Jan. However, Winterfloods appear to be happy to mop up any shares on the market at 25p and there seems to be a buyer at 26p. Anybody not accepted yet can therefore get 25p in the market (less charges) or hold on for any further developments !!!

[ffp] 27/12/2001 18:16

Who is Mr A Conboy and what is he up to, if he exists!!!!. !l I get more than the 21p, seeing I am at 33p.

Anybody in there!!!

[ffp] 07/12/2001 22:11

ttt

and i'm still angry

[ffp] 07/12/2001 18:41

MBO offer 21p - it stinks and once again the private shareholder is being shafted.

I am already a supporter of CATS now I suppose we will have to have C-BAG.

This smells worse than a dead rat!!!!!!!

Mr. Angry

[pommy] 17/11/2000 20:31

Ive heard a rumour something might be about to happen with Capital Bars.

After constantly falling for the last 3 years they perked up the other day after a cross trade of 2 million shares.
They have recently sold up all their UK commitmemts to concentrate on the Irish side of the business.
Maybe this makes them more attractive as an aquisition target.

I know no more than this, just wondering if anyone else had heard anthing.

This is the chart followed by the part of a recent statement.




RNS Number:4172Q

Over the last three years Capital Bars has successfully disposed of its non-
core contract catering division, its major live music venues (the Shepherds
Bush Empire and the Brixton Academy) and the Gaiety Theatre in Dublin.

On 3 September 1999 the Company announced the acquisition of a number of
bar/restaurant and hotel interests in Dublin . Following these acquisitions,
the Group now operates ten bar/restaurants and three hotels in Dublin. In
addition, the Planet Hollywood acquisition announced on 17 May 2000 completed
yesterday, 4 September 2000.

The venues which the Group has acquired and opened in Dublin have proved
successful and now generate the major part of the Group's cash flow and
profitability. The Directors believe that the buoyant Irish economy currently
provides a favourable backdrop for the opening of further bar/restaurants and
are confident of the Group's ability to complete attractive acquisitions and
developments in Dublin . The Group is currently in advanced discussions to
exercise the options (without payment of further consideration in excess of
costsalready incurred by the vendors) over two further Dublin bar/restaurants
in the course of development, which it acquired for nil consideration as part
of the O'Dwyer Acquisition in October 1999. On exercise of these options, the
Group will assume the rights and obligations of the O'Dwyers in respect of
these two bar/restaurants and a further announcement will be made in due
course.


Following the opening of these additional two units, the Group will comprise
three hotels, with a total of 212 beds, and 13 large bars/restaurants. This
will include the greatly extended Cafe en Seine in Dublinwhich is due to
reopen in spring 2001.


The UK Bar/Restaurant Division has performed less well than its Dublin
counterpart and the investments that the Group has made in Leeds and
Peterborough have not proved as successful as the investments made in Ireland.
In the light of this and the current overcrowded nature of the UK
bar/restaurant market in general, the Group announced as part of its Interim
Results on 13 January 2000 that the Group would now focus on exploiting its
position as a leading leisure business in Dublin. It was also stated that,
as a further decisive step in this process,the Group would market the UK
business and realise the value inherent in those assets for reinvestment in
Dublin.

In immediate trading terms, the Disposal will eliminate the Group's exposure
to the losses being incurred in the Division and also the need for the central
costs associated with the running of the UK operations.

The net proceeds from the Disposal will be used to repay the Company's
sterling denominated indebtedness. Additional facilities have been agreed,
partly conditional upon the Disposal, to be used in opening additional
bar/restaurants and refurbishing existing units, in order to consolidate
further Capital Bars' position as a leading player in the Dublin leisure
market.