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BSLA Blacks Leis.

1.375
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blacks Leis. LSE:BSLA London Ordinary Share GB0001028322 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.375 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Blacks Leisure Share Discussion Threads

Showing 1301 to 1322 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
06/1/2012
07:15
lights out
spob
06/1/2012
07:06
Gulp :(

Bye bye

firstchoiceautos
06/1/2012
07:05
Yet I expect some die-hard optimists will still see the possibility of shareholder value!
typo56
06/1/2012
07:02
Suspension and Proposed Administration
Print
Alert

TIDMBSLA

RNS Number : 1030V

Blacks Leisure Group PLC

06 January 2012

Blacks Leisure Group plc

("Blacks Leisure" or the "Company" or, together with its subsidiaries, the "Group")

Suspension of trading in the ordinary shares and proposed appointment of administrators

On 23 December 2011, the Company announced that a number of parties had submitted indicative offers to acquire the whole or substantially all of the trade, assets and brands of the Group.

Since that date, the Company and its advisers have continued to hold discussions with a number of selected parties who have now submitted their final offers, which include offers to acquire substantially all of the trade, assets and brands of the Group. Based on the level of final offers received and as previously foreshadowed in the announcement on 23 December 2011, no value will be attributable to the Company's ordinary shares.

The Board has now determined that any sale of the trade, assets and brands will be effected through an administration process. Therefore it is expected that the process to commence the appointment of administrators of the Company and certain of its subsidiaries will begin shortly although the actual appointments are only likely to take effect just before the completion of any such sale. The operating subsidiaries of the Group will therefore continue to trade through all outlets outside of an administration pending any sale. It is proposed that Brian Green, Richard Fleming and David Costley-Wood, partners of KPMG LLP, will be appointed as the administrators.

The Company's ordinary shares have been suspended from trading on the London Stock Exchange with immediate effect.

The Company expects to be in a position to announce a sale of substantially all of the trade, assets and brands of the Group within the next few days.

A further announcement will be made in due course.

Enquiries:

topinfo
05/1/2012
19:21
Indeed, if anything I'd have thought it might have sparked a burst of end-of-the-line selling.
typo56
05/1/2012
18:36
yep - administrators in as soon as tomorrow
sir rational
05/1/2012
18:32
only by people who don't realise it's an offer for a pre-pack administration.
boonboon
05/1/2012
18:14
I'm hoping sportsdirect get it
boonboon
05/1/2012
17:30
pell .. see if any RNS in the morning.

EVN is more for me at present!

double6
05/1/2012
16:24
Is this one for you double6 I know you like your punts? Hope all is good
pelleeds1980
05/1/2012
16:24
but what?

mr i'll give you 100 quid for 100% of your electric generator that runs on farts is going to pay 5p per share??

i liked CRV...but this is a crock!!!

moreforus
05/1/2012
16:22
yep

no thanks for v much

moreforus
05/1/2012
16:22
Based on the level of indicative offers received, it is most unlikely that any value will be attributable to the ordinary shares.
christianf12
05/1/2012
16:16
Peter Jones, the entrepreneur and star of the reality TV programme Dragons' Den, has emerged as a surprise bidder for the high street shops owned by the struggling retailer Blacks Leisure.
I have learned that Jones tabled an offer for the Blacks and Millets outdoor leisure chains ahead of a deadline today.
Jones is one of a quartet of bidders vying for control of the company's assets, and faces stiff competition from Sports Direct, the group controlled by Mike Ashley, the owner of Newcastle United FC, and JD Sports, the rival retail group.
I'm told that KPMG, which is running the auction process, may select a preferred bidder as early as today.
The sale of the chains may take place through a process known as a pre-pack administration, through which companies enter a formal insolvency procedure but quickly emerge under new, pre-arranged ownership.
Blacks Leisure, which has about 300 shops and employs 3500 people, is among a pack of retailers struggling to survive in the face of tough economic headwinds. Last month it warned that it was unlikely to attract an offer that attributed any value to the company's shares:
"On 7 December 2011, the Board of Blacks Leisure announced that it wished to invite offers to support further investment in the Group, which was most likely to involve a sale of the Company or a sale of one or more of the Group's brands.
Following that announcement, a number of parties have submitted indicative offers to acquire the whole or substantially all of the trade, assets and brands of the Group. However, the Board notes that it does not have and does not now expect to receive an offer for the shares of Blacks Leisure. Accordingly the Takeover Panel has confirmed that the Company is now out of an offer period.
Blacks Leisure continues to hold discussions with a number of selected parties with a view to concluding the sale process in January 2012. Based on the level of indicative offers received, it is most unlikely that any value will be attributable to the ordinary shares.
The Group continues to be in constructive discussions with its lender, Bank of Scotland plc, who is supportive of the ongoing sale process."
Sports Direct, which is already a shareholder in Blacks Leisure, is seen by most City analysts as the frontrunner to acquire the two chains.
Blacks Leisure and Jones both declined to comment.

strutt12
05/1/2012
16:00
any value for shareholders?
moreforus
05/1/2012
15:59
I've learned that @dragonjones has entered the race to buy the struggling Blacks and Millets outdoor leisure chains. See blog shortly.
sir rational
05/1/2012
15:57
Probably just means for certain of the assets
sir rational
05/1/2012
15:55
https://twitter.com/#!/SkyNewsBreak/status/154953370875080704

"Sky Sources: Dragons' Den star Peter Jones tables bid for Blacks Leisure chain"

superstringuk
05/1/2012
11:26
buying on the back of the JJB trading statement?
jpjp100
05/1/2012
11:15
shorters closing?
boonboon
05/1/2012
10:59
By definition an investor would not buy this stock.

A gambler maybe.

jonc
05/1/2012
10:57
Typo

How do you know they aren't??

strutt12
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older

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