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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blacks Leis. | BSLA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.375 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.375 | 1.375 |
| Top Posts |
|---|
Posted at 09/1/2012 17:42 by pwhite73 Because they lend against the company's assets which includes cash, property, tangibles and intangibles. They've taken a hit of £16 million. The hit taken by shareholders was the value of the company at suspension.So all that you suggested would not come about has come about within four days. Suspension, administration and delisting. However my thoughts go out to all ADVFN investors. |
Posted at 06/1/2012 22:27 by p o n a JD Sports looks set to buy the assets of Blacks Leisure, the struggling outdoor clothing retailer which employs about 3,500 staff.The deal is expected to be completed via a pre-pack arrangement, under which Blacks will briefly go into administration before being bought. It will wipe out the value of existing shares, which have been suspended from trading on the London Stock Exchange. The BBC understands the pre-pack deal is expected to be completed on Monday. There were reports on Friday evening that JD had offered about £20m for Blacks Leisure, which has 98 Blacks outlets and 208 Millets stores. Blacks had previously said it had received a number of final offers for the bulk of the business and expected to announce a deal in the next few days. Peter Jones, the Dragon's Den entrepreneur, was tipped as a possible bidder. He announced on Twitter on Friday that he is not buying the firm. "You'll no doubt find out who the buyer is later today," he added. Administration Sports Direct, which has a 22.5% stake in Blacks, was also thought to have been on the final shortlist of bidders. Scottish clothes chain Edinburgh Woollen Mill and outdoor goods firm Mountain Warehouse are believed to have dropped out of the running. Three partners from accountancy firm KPMG are expected to be appointed administrators, but only once details of an immediate onward sale of the company's key trade, assets and brands has been finalised. A pre-pack administration is one in which the insolvent company has already arranged for a buyer of its profitable assets beforehand. It will also allow the firm to write off its £36m debts, and help it to close down loss-making parts of the business. Appeal Any buyer is expected to require the closure of, or job losses at, Blacks' head office and warehouse in Northampton. Blacks also owns the Peter Storm and Eurohike brands. Last month, Blacks appealed for an investor to rescue it, by buying the firm or its brands. Blacks reported a £16m loss for the first half of its financial year and last month warned that its annual results would be worse than expected. The company's shares had fallen by 97% over the last 12 months prior to their suspension of trading on Friday. Blacks warned before Christmas that its shares were virtually worthless, and closed at 1.25p on Thursday, valuing the company at £1m. |
Posted at 05/1/2012 10:59 by jonc By definition an investor would not buy this stock.A gambler maybe. |
Posted at 05/1/2012 10:46 by typo56 Hyper Al - how do you know "investors" are buying the shares? |
Posted at 22/12/2011 09:08 by hyper al strutt12Thanks for posting that. Must be some hope for share holders otherwise the shares would have been suspended. I still think the shares will be trading after the reorganisation, purely as the big share holders will want that, how that will happen, I do not know, maybe the online aspect will be kept as Blacks. Also investors are still buying shares. |
Posted at 13/12/2011 16:25 by strutt12 The problems will be solved when everyone has their positions in place, question is can they do it before someone else has a pop???Sports Direct, the sportswear chain controlled by Mike Ashley, along with Go Outdoors and Mountain Warehouse, are among the trade buyers to register an interest in a takeover of Blacks Leisure. The troubled outdoor specialist which operates the Blacks and Millets chains put itself up for sale by hiring advisers at KPMG last week after it failed to gain support for a fund raising from shareholders and potential new investors. The group which owns 98 Blacks outlets and 208 Millets stores has debts of £36m and warned that the sale of the company, or one or more of its brands, could see shareholder value wiped out. It issued a profits warning last month and made a loss of £16m in the six months to 27 August. First-round bids for Blacks Leisure are due in before Christmas and Sports Direct, which has a 22 per cent stake in the retailer, is a long-term suitor and has notified the group of its interest. But it faces competition from outdoor retail chains Go Outdoors, Mountain Warehouse and Cotswold Outdoor. Private equity firms are also interested but the distressed state of Blacks Leisure means that an accelerated sale to a trade buyer which has knowledge of the retailer's offer, stores and personnel involved is more likely. Blacks ideally wants to complete a sale before the end of January. If it cannot complete a sale of part or all of the business, a pre-packaged administration cannot be ruled out. This enables a new buyer to take a business forward without its debt. Its shares closed at 2.1p yesterday, valuing it at just £1.8m. All parties declined to comment. DYOR IMHO |
Posted at 08/12/2011 20:11 by hyper al incorrigibleThe London Eye project was using ICX's AMD stem cell line. ICX appeared to do all they could to hide this fact and when Pfizer got involved with ICX's stem cell line, they had to be prompted by investors to release an RNS almost a week after it was reported in the press. I was asking a question concerning Richard Griffiths who purchased BSLA today, I don't have a clue who the guy is. Maybe someone looking at this thread does. |
Posted at 08/12/2011 14:33 by hyper al RNS - Henderson Global Investors have just sold some 4m shares, so who is buying? |
Posted at 08/12/2011 09:31 by strutt12 Sportsdirect.com Retail Limited 18,903,071 £378,061Gartmore Investment Limited 11,735,767 £234,715 Aberforth Smaller Co's Tr 11,693,549 £233,871 Henderson Global Investors 10,543,934 £210,879 Commerzbank AG 5,200,002 £104,000 Pentland Group plc 4,931,563 £98,631 Standard Life Investments Ltd 4,321,051 £86,421 Principle Capital Advisors 3,010,868 £60,217 Schroders plc 2,149,868 £42,997 VF CORPORATION 2,131,905 £42,638 |
Posted at 07/12/2011 09:27 by clocktower Maybe the poor salesperson was mis-informed by the management GRUSS, as occurs often. Much the same way as many investors are not given the correct information by directors of listed companies, but the LSE or takeover panel do nothing to protect small investors or punish those whom are guilty.I looked in the window of a Millets store this morning and not only see 3 for 2 but a further 40% off that as well. The store in question had pallet loads of stock being delivered just last Friday. Hope the suppliers get paid. |
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