Clear Leisure Share Discussion Threads

[dice1950] 30/12/2016 08:40

looking like mms have finally seen the value

[rkbeekeeper] 30/12/2016 08:26

Looking good Bondholders Meeting will be over by 10.10am and then it will be just a waiting game till RNS issued which as we say in Scotland will be a "stoter"

[dice1950] 30/12/2016 08:20

Plenty early buyers went 3v1 NT ONLY NOW

[nick rubens] 30/12/2016 08:14

Bondholder meeting today. May get RNS soon after.

[brando69] 29/12/2016 14:43

TRD motoring. that's one tara dog that is barking

[dice1950] 29/12/2016 12:29

Buying picking up RKB ahead of 2MORROWS meeting

[dice1950] 29/12/2016 10:33

RKB buyers nibbling away will move fast and expect a big update after 2morrows big meeting

[vauch] 29/12/2016 10:31

Ya right news of last trading day this year.

[royalalbert] 29/12/2016 09:58

Care to elaborate?

[dice1950] 29/12/2016 09:54

RKB great post as per big news 2morrow wink wink

[rkbeekeeper] 29/12/2016 09:37

12 Days of Christmas

One
Loan Facility for £100K from Eufingest at 2.5%
RNS 5/05/16

Two
Units totalling Euro 300K Bond replaced Euro 400K Bond (resulting in a saving of Euro 100K) for Clear Leisure
RNS 30/03/16

Three
Wise Men, Professor Francesco Gardin (Chairman and Director), Mr Reg Eccles (Independent Director) and Mr James Douglas Gordon (Company Secretary)
Taken from the Clear Leisure Web-Site

Four
Main investments: Mediapolis, Sipiem, SoSushi and Geosim
Taken from the Clear Leisure Web-Site

Five
of our 'other investments’ Fortune Cookie Ltd, SoSushi Company Srl, Ascend Capital Plc, OHR SPA (trading as Ora Hotel Group) and Cambria Group are having 'further investigation being carried out'
RNS 30/03/16

Six
months from the share placing date when the Warrants (22,222,222) that were issued in connection with the placing when they can be exercised (any time within the six months) at the exercise price of 1.5p (100% of our current price)
RNS 14/09/16

Seven
% (7%) is the current rate payable on the Euro 6.9 Million Bonds that are being reduced to 1% (to be confirmed this Friday) which will result in a saving of about £335,000 each year for two years.
RNS28/11/16

Eight
Hundred Thousand Euro 800,000 is the pro-rata improvement of the consolidated balance sheet or circa 0.24p per share as a result of Clear Leisure entering into a binding agreement with an Italian Bank to buy back Euro 1.3 million of debt at a 76% discount
RNS 23/09/16

. Nine
.9p the price of the placing of shares on 14th September 2016
RNS 14/09/16

Ten
Law Firms in the UK, Luxembourg and Italy have been retained or confirmed existing mandates with the aim of recovering value from Clear Leisure's investment portfolio
RNS30/03/16

Eleven
days from the RNS of 19th December 2016 till the next RNS due (Friday 30th December 2016) when a summary of some things that our Company have been doing that we are not aware about but we will be pleased will be announced

Twelve
(thirty) 12:30pm on Friday is when LSE will close for a New Year Holiday and the day that all serious investors in Clear Leisure will be informed of what the Professor has achieved for us in the past Twelve months.

Merry Christmas and a Healthy and Prosperous New Year to all on this Board (and Eufingest) and the Three Wise Men.

DYR RKB

[johndee] 21/12/2016 11:50

He means that when it gets up to a penny he will buy.

[longshanks] 20/12/2016 10:07

I would say the odds are better on this dropping to a seventh rather than rising to seven times it's current value.After all, the BoD in their various guises have successfully reduced the share price by a seventh on more than one occasion already.But you are right. I am lying. Even if this did get down to 0.1p I wouldn't be persuaded to put any of my hard-earned into it.

[greco600] 20/12/2016 09:57

So basically you won't be buying then.

[longshanks] 20/12/2016 09:32

I'll buy when this gets to 0.1p

[johndee] 19/12/2016 14:41

Still mainly buyers.

[sheep_herder] 19/12/2016 14:08

If at first you don't succeed, reduce the required percentage of bondholders and try again...

[mrphiljones] 19/12/2016 12:17

Too many chances in here looking for a quick £100 flip......

[fire2480] 19/12/2016 12:14

Exactly the same situation and sequence of events this time last year , will be approved on the 30th as just need 25% of vote . Groundhog day

[scotty666] 19/12/2016 11:49

So will be approved on the 30th then in any event.

[dice1950] 19/12/2016 11:08

Everbody hates you hatey thats why your posts just got removed on the LSE/CLP thread we all know your agenda and who you are.lol

[dice1950] 19/12/2016 08:42

Nice post RKB great summation NTO only still something brewing i wonder

[rkbeekeeper] 19/12/2016 08:27

Lack of RNS on Bond Holders Meeting

Well I put my hands up and say that I was wrong in that there was no RNS before the Market opened. Why? Well at the end of this post I will give my interpretation on lack of an update.

First this is the post I was expecting to post and I am only posting it now because I have personal business to do today and will not be able to post this on my Iphone.

As predicted there was no Quorum at last Fridays Bond Holders Meeting in London.

This is actually good for our company.

Only xx% of Bondholders were present at the meeting and we know that Eufingest are holders of Euro 3 Million of the Bonds.

In effect xx% of Bond Holders could not be bothered to attend the meeting. The chances of more Bond Holders attending on the 30 December 2016 are zero.

So the Resolution will be passed. Interest on our Euro 6.9 Million Bonds will be reduced from 7% to 1% and our company will save £335K in interest each year for the next two years.

As the Professor said on 28 November 2016 “Eufingest continues to be a supportive strategic shareholder and lender to the Group”

What does ‘StrategicR17; mean?

Relating to the identification of long-term or overall aims and interests and the means of achieving them. Or ‘Important or essential in relation to a plan of action’

Eufingest would not give up 6% interest on their Bonds (which is a reduction of Euro 180K a year) unless it was in relation to a plan of action.

One final point which I believe is significant.

In December 2015 when there were Euro 9.9 Million Bonds outstanding to form a Quorum there had to be 66% of the voting Bondholders.

But in December 2016 when we now only have Euro 6.9 Million Bonds outstanding to form a Quorum there has to be 75% of the voting Bondholders.

You have to ask yourself: why increase from 66% to 75% as this would make it more difficult to pass? And then you realise that just to be safe it is better to have a second meeting when as we know Eufingest have 43.48% of the outstanding Bonds so we would need 43.49% to vote the resolution down and that as I have said will not happen.

My take on lack of an RNS? I believe that there will be a more substantial update from Clear Leisure along with the update on the Bond Holders Meeting.

RKB