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[lastdrop] 04/10/2016 21:41

Challenger Acquisitions Limited (CHAL) New York Wheel is marking a major milestone with the arrival of its first physical components.
4th October 2016

[dice1950] 04/10/2016 21:33

New York Wheel ‏@TheNewYorkWheel 11m11 minutes ago Brooklyn, NY
Piece by piece the wheel’s arrive weighing in at 500 tons per leg...

[dice1950] 03/10/2016 15:14

ICYMI: @nytimes "Rolling Out a Huge Wheel on the Staten Island Shore" #StatenIsland #onebigwheel @HeleneStapinski

[dice1950] 02/10/2016 15:03

VIDEO Challenger Acquisitions Limited (CHAL) First step for NY Wheel: Legs arrive this weekend
By Tracey Porpora | [e-mail]

on September 30, 2016 at 6:00 AM, updated September 30, 2016 at 6:02 AM

[dice1950] 02/10/2016 14:53

Rolling Out a Huge Wheel on the Staten Island Shore
By HELENE STAPINSKISEPT. 30, 2016

[dice1950] 21/9/2016 04:51

The 3 Ways Straco Corporation Ltd Makes Its Money
By Lawrence Nga - September 19, 2016

The company has enjoyed great business growth over the past five years, with its revenue and profit jumping by a total of 177% and 197%, respectively, from 2011 to 2015.

Its stock price has followed suit – since the start of 2011, Straco’s shares have gained 417%

[dice1950] 12/9/2016 07:28

More coffers in the bank today looks like they are gearing up for something circa £2.5m in the bank now and a tiny mkt cap

[dice1950] 05/9/2016 16:11

CHAL buyers taking what they can get and its not many news looks very close

[dice1950] 05/9/2016 15:05

CHAL MOVING FAST GUYS

[dice1950] 03/9/2016 11:21

Challenger (CHAL) Staten Island's huge observation wheel makes progress in St. George
The enormous attraction will stand 630 feet tall when it’s eventually completed
BY TANAY WARERKAR AUG 31, 2016

[dice1950] 02/9/2016 12:07

i will keep buying under 20p but not easy getting them mms know its way cheap news close if you read the rns plenty hints

[keeptoyourown] 02/9/2016 12:03

I am looking to pay for my T deal. Rather than to sell it at the end for a loss.
Looks like I am sitting on a sound investment.

[dice1950] 02/9/2016 12:00

Topped up again today 25k was torture getting a quote Jakarta news will transform ill keep buying untill this news comes and then watch the herd arrive

[dice1950] 31/8/2016 16:07

CHAL multiple 50k buys are we getting another update

[keeptoyourown] 31/8/2016 11:58

Why is this now lower than when the RNS was issued?.

All the 50% rise from 28p has been lost.

Loads of people loosing money and nobody seems to care about thier losses.

[dice1950] 30/8/2016 16:36

16:10 30 Aug 2016
Challenger Acquisitions (LON:CHAL) has started to talk to potential funders for a portfolio of London Eye-style giant observation wheels around the world.

The company has a 2% stake in the New York wheel, expected to open early in 2018, but is also waiting for the go-ahead for a wheel in Jarkarta, Indonesia, where subsidiary Starneth will design and oversee construction.

[dice1950] 30/8/2016 15:17

Challenger Acquisitions (LON: CHAL) is wheeling out production around the globe
Aug 30, 2016

[dice1950] 30/8/2016 14:37

Challenger Acquisitions eyes Asia for next big wheel project
Share
10:50 30 Aug 2016
A closer examination of the big wheel builder Challenger Acquisitions. We look at what it does, how much it's worth and where it has set its sights.

Challenger Acquisitions (LON:CHAL) manages and invests in the construction of giant observation wheels.

The wheels become major tourist attractions in their own right, churning out consistent revenues with high footfall.

The London Eye, for example, has become an icon of the city’s skyline and the top of any tourist’s itinerary.

It is the most popular paid tourist attraction in London with over 3.75mln visitors a year.

The group has a steady long term pipeline of 25 projects and at least one new project will commence each year, chief executive Mark Gustafson told investors.

Number one in a very small field

Challenger is recognised as the go-to developer of giant observation wheels worldwide and it seems to have lived up to its primary objective of advancing the brand name in the attractions sector as well as securing potential wheel project contracts.

The jewel in the crown is Starneth, which joined the group last year in via a £5.6mln reverse takeover deal.

The Starneth team is headed by London Eye designer Chiel Smits and has worked on some of the world’s largest observation wheels.

Initial financing for projects for the most part comes directly from the equity market.

With its AIM listing, Challenger creates a pipeline for Starneth to fund some of the projects, particularly where start-up capital is required to commence development.

Earlier this month it raised £500,000 through the issue of convertible loan notes to maintain its fast-paced development approach.

Big wheel in the Big Apple

Challenger currently owns a 3% shareholding in the half-billion dollar New York Wheel Project on Staten Island.

The Starneth subsidiary is guiding the development of the project.

The wheel is expected to turn into one of New York City’s major tourist attractions when it becomes operational in 2017, with views of New York Harbour, the Statue of Liberty and Lower Manhattan.

Analysts predict it to make annual operating profits in excess of £70mln (US$100mln) a year.

"We are constantly evaluating expansion opportunities and continue to make progress in building our portfolio of Giant Observation Wheels,” said Gustafson.

The group is selective, however. Its 25 projects were carefully chosen from a possible 72.

Looking at the various components of the group’s pipeline there is no shortage of demand or opportunities, so Challenger can afford to be picky.

It is in the process of securing another site in Europe and has identified a second opportunity in another city.

Three other developers in separate locations have requested direct input from its specialist team at the Starneth subsidiary.

The group is establishing regional offices in Dubai and Florida where it marks out further opportunities in key tourist destinations.

Management bids have been sent to three cities in the Middle East, while the group also said it was supporting developers of attractions across the America.

Asia is the big growth area

But Challenger expects Asia to be one of the most active regions.

The group confirmed its wheel project in the Indonesian capital Jakarta has made further progress to secure funding.

The Iconic Wheel will be 125m tall and carry a maximum capacity of 1,440 customers an hour.

The group estimates around 24 months from the official commencement date for the wheel to be completed.

Shares surged nearly 40% earlier this month after the group updated investors on its Jakarta project.

A further three sites have been identified in China and two more in the rest of Asia.

The group is also looking to build further equity stakes in select projects, as it has done in New York, and is exploring the possibility of an equity stake in China. It is also in the process of opening an office in Singapore.

In the world of giant observation wheels, there is a potential market opportunity value of around US$1bn, the group reckons.

[keeptoyourown] 28/8/2016 20:51

This is why I feel a noobie, because I have bought in without doing much research and I guess they make fairground wheels and the thing that will make this share over £1 is still 2 years away.

I be looking into Beowulf Mining before topping up here. As they fell from an intra day high of 8p to 4p because of a mining license delay of over a year.

[neo26] 28/8/2016 01:04

what does this company do?

[neo26] 28/8/2016 01:02

£?

hey you a bluey now.. ;)