Sports Cafe Share Discussion Threads

[hamblyr] 15/2/2008 10:08

That's what I thought!

[hamblyr] 15/2/2008 10:07

'here' even!

[targatarga] 15/2/2008 10:06

hamblyr - unfortunately the fat cats have run off with the cream.....regards

[hamblyr] 15/2/2008 10:00

When will we get final clarification on what's happening hear?

TIA.

[robin_of_loxley] 24/1/2008 22:23

hmmm fortunately I bought below the top so was out for a modest if unexciting profit, and wasnt tempted to hold

just proves the old saying, never buy just because you have seen speculation there may be a takeover....

was thinking it as I pressed the buy button, but bought anyway... ;-)

no advice intended

[magpie59] 24/1/2008 16:57

Jeez. Just looked in for the first time in ages. Sorry for all that stayed in.
I bought at 40p on "have shaked hands on a deal at 60p" rumour and got out at 28p licking my wounds. Realise now I had a lucky escape.

[huxinv] 24/1/2008 16:33

I understand the Company has been sold - guess there will be stuff all for shareholders.

[flyingscotsman2] 24/1/2008 14:46

Isn't it strange that the London bar is profitable though ;-) Obviously it appeals. granted, it could do with a makeover, but you need money to do that!! Its the "classy" new ones that don't make enough money to cover the central o/h's

Read the financials, and all shall become clearer

In the words of ROL........

No advice intended

[robin_of_loxley] 22/1/2008 15:25

blooming heck XK, sorry to hear that mate

[hamblyr] 22/1/2008 15:23

Bloody hell, I thought my 6K was bad enough!!

[flyingscotsman2] 21/1/2008 15:23

It was his "leadership" that started to screw things up in the first place!!!! Heaven help them

[targatarga] 21/1/2008 08:47

nothing left for shareholders then!

[robin_of_loxley] 21/1/2008 00:21

Sunday Telegraph * Bill Balkou, founder of troubled bar chain Sports Cafe, has made an approach to buy the business


no advice intended

[robin_of_loxley] 12/1/2008 22:44

Yes, certainly wish them luck, and and best wishes to the staff, not a pleasant situation to be in.

[flyingscotsman2] 12/1/2008 19:42

Robin, Alot of what you same makes sense........ however the assumptions you make are on a business which has traded on trying to grow the business and managers not trying to line their own pockets. Unfortunately certain senior members of SCA have weakened it's financial position through sheer neglect. Sad eh?

I have a strong affection for this company and the people who work within it, of a non managerial capacity, so to find out that these people have to go through an "administration" because of certain individuals incompetence is grossly unfair.

Just a word of note on some financial facts...... the company has 3 strong trading sites (one is the Haymarket venue) and 4/5 VERY weak venues...... something the board were unwilling to recognise since the world cup last year... for what i think were "emotional" reasons......

I will all as SCA the very best of luck...... and believe it will be back where it belongs, listed on AIM, with a stronger more focussed management and a streamlines strategy.

[robin_of_loxley] 11/1/2008 21:49

Hmmm... so its Baker Tilly with their name over the door... on behalf of the banks I guess, and maybe the IR

not unsurprising...

[katsy] 11/1/2008 19:41

I'm sorry for any shareholders still in this one. the warning signs wree there towards the end of the takeover speculation.

[granville2] 11/1/2008 19:20

Why do the mm's keep on taking shares (albeit in small amounts) when the writing was on the wall here. They certainly made a packet out of this one!

[digger27] 11/1/2008 19:02

Hmmm - all seems rather smelly here going into admin so suddenly.
If the administrators are allowing trading to continue will the shares remain suspended until they sort the mess out? Spose it will be announced in due course.

[someuwin] 11/1/2008 18:59

Game over.

[thefruits] 11/1/2008 16:30

those sells from 3:39 look suspect.

[thefruits] 11/1/2008 16:29

suspension !!! OUCH.. Sorry to any remaining holders.. TF

[robin_of_loxley] 11/1/2008 11:03

if this ends up shutting up shop, Im fairly confident the credit crunch will be blamed, rather than the business model....

no advice intended

[agreeable] 11/1/2008 10:21

questions need to be asked as to what information caused non execs to resign and why that info was not immediately made available to market, only when price fell did they make trading statement. I feel this prompts a Stewards Enquiry! Nomads need to get a grip here.