||EPS - Basic
||Market Cap (m)
Real-Time news about Abingdon Cap (London Stock Exchange): 0 recent articles
|ntv: more work?
Leisure & Gaming plc
03 March 2005
LEISURE & GAMING PLC
Statement re share price movement
The board of Leisure & Gaming plc (the "Company") note the recent share price
movement and confirms that they are in discussions with a view to making a
substantial acquisition which, if implemented, would constitute a reverse
takeover under the AIM rules. Consequently the Company's ordinary shares will be
suspended from trading pending publication of an admission document in respect
of the proposed enlarged entity.
This information is provided by RNS
The company news service from the London Stock Exchange|
|acquisitor: PARTY TIME!!
I've got a shedload of these bought at an average 6p. At that price, it was a no-brainer, as the share price was more than covered by cash. Even today, considering the deal flow, cash and director buying (and most importantly, the share price action), it looks pretty good value.
I can hear the corks popping....!|
|acquisitor: Ineresting to note that the share price has edged up a shade in a sharply falling market. Spread has tightened and there have been some buys recently. I smell some good news.....|
|ntv: quite happy with my investment here and as you said these agm's are well worth attending
only been to two so far this year and other one which was slp was well worth the trip though the share price has only crept up a tadge since the agm but i believe it will go along way in the not too distant future as well|
|russianlinesman: Dear JaberMan,
I do not hold ANC. I held Mountcashel for years and lost money on it as having built up a reasonable sized stake it was then very difficult to shift.
ANC has cash representing much of the current share price, BUT
Few/nil investments remaining - therefore probably of limited value. They have a load of warrants in Bionex but if you want to take Bionex risk, then buy Bionex.
Rubbish disclosure - when it was an investment company its disclosure was rubbish, and when it has its investment in the Mountcashel hedge fund it is hardly likely to be better.
Corporate Synergy - still appears to be loss-making from most recent results. Not sure why. I imagine with many small caps of this type they pay themselves nice high salaries. Take away the interest earned on the cash pile and they are surely loss-making
Hedge fund investment - they are going to put some of their cash in a hedge fund they are managing. Farewell transparency.
Also note that the directors end up with quite a lot of outside directorships because they are already on the board of one listed company (i.e. ANC).
If ANC was genuine value at this price, then management would take it private. It is after all, hardly expensive, and they could promptly cash in the cashpile so could acquire the company for a million plus. If Corporate Synergy was such a great business, then they would have done this at any time in the last 2 years or more.
That's why I share your view not to buy.
The ANC bulls would say the reason to buy is cash plus investments plus Corporate Synergy. WElcome to their views but not great deal of evidence to suggest major undervaluation.|
|simonevans: Just read the accounts - could sell themselves a bit more imo. I have one concern/question with the accounts. There is no disclosure at all on their promising investment, M&P Direct plc. The investment was £330k last year, but it is unclear whether or not it has been sold during the year. If it has been sold then surely it needed some disclosure. I think it may have been sold which is part of the profit in the year of £176k on investments. I suspect that this might have been done so that Corporate Synergy can act as NOMAD and broker to list the co. on AIM. May or may not be correct...just a hunch. Either way, disclosures are just not good enough. They could still hold the investment as unlisted investments are still £446k - just don't know.
The Company needs to get more transparent if it wants a better share price. Still very cheap, given £5.4m of net assets and a number of options/warrants (e.g. Multi Group)that are not held in the balance sheet.|
|simonevans: Some more fees lined-up - £100k or so imo:
Farley Group PLC
01 March 2004
Farley Group Plc
Proposed Placing and Extraordinary General Meeting
The Company is undertaking a placing to institutional and other investors, seeking to raise up to #2.0 million via the
issue of new ordinary shares ("the Proposed Placing"). Funds that will be raised from the Proposed Placing will enable
the Company to fund any potential acquisitions through both the issue of equity and cash payment.
The Company is today sending to shareholders a circular which includes a notice of an extraordinary general meeting
convened to seek their approval to authorise the directors to issue and allot ordinary shares on a non pre-emptive
basis, including up to 6,200,000 new ordinary shares specifically for the Proposed Placing.
The subscription price of any new shares to be issued under the Proposed Placing is expected to be at around the
Company's mid-market share price at the close of business on 27 February 2003 of 33p.
Copies of the circular to shareholders will be available at Stringer Saul, Fifth Floor, 17 Hanover Square, London W1S
1HU. Further details will be announced in due course.
For further information please contact:
Justin Lewis, John Prior, Corporate Synergy Plc: 0207 626 2244
This information is provided by RNS
The company news service from the London Stock Exchange
normally if you want to buy a sizable chunk of a company you will have to pay a premium to the current share price
director obviously thinks the share price should be around 15p
company is now valued at a slight premium to cash value
cs is expanding see hp's post yesterday
(taken from cs's web site)
business prospects are good for the coming year and any investment will be rewarded in the next 12 months
there will be plenty of profit takers along the way so look for a buying opotunity if you want some|
|acquisitor: Just thinking about the company's cash pile....
The board need to come up with a solid case for why they're holding on to the money, as it isn't doing anyone any good (particularly with interest rates so low). IF the company didn't have a credible plan for the cash, imagine what returning it to shareholders would do for the share price! We'd get a special dividend of 11p per share! And the Corporate Synergy business on it's own should be worth close to the current share price. Even after tax, we'd double out money overnight.
|simonevans: ANC share price looking very low again...well below cash balances I suspect. Looks a bit odd for a profitable business doesn't it!|
Abingdon Cap share price data is direct from the London Stock Exchange