Share Name Share Symbol Market Type Share ISIN Share Description
Clear Leisure LSE:CLP London Ordinary Share GB00B50P5B53 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.675p 0.65p 0.70p 0.675p 0.675p 0.675p 0.00 07:57:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.0 -14.9 -5.9 - 1.93

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Clear Leisure (CLP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08/12/2016 14:19:280.69200,0001,380.00O
08/12/2016 13:49:240.67500,0003,340.00O
08/12/2016 13:47:350.70713,8774,990.00O
08/12/2016 13:39:250.70160,0001,112.00O
08/12/2016 13:25:060.671,500,0009,975.00O
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Clear Leisure (CLP) Top Chat Posts

DateSubject
09/12/2016
08:20
Clear Leisure Daily Update: Clear Leisure is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker CLP. The last closing price for Clear Leisure was 0.68p.
Clear Leisure has a 4 week average price of 0.77p and a 12 week average price of 0.83p.
The 1 year high share price is 1.83p while the 1 year low share price is currently 0.55p.
There are currently 286,043,117 shares in issue and the average daily traded volume is 2,595,553 shares. The market capitalisation of Clear Leisure is £1,930,791.04.
30/11/2016
14:21
rkbeekeeper: I am pleased that I managed to get them to clarify his holding. Still not convinced he has gone and I think he is hiding behind Nominees. But if this results in an increase in our Share Price then that is good for all of us RKB
28/11/2016
16:14
rkbeekeeper: Just some share values so we all are aware of how much Alfredo Villa has on paper lost over the past 5 or 6 years. Using year end share price values taken from annual reports and his disclosed shareholding and the share consolidation of 250:1 2010 £3,831,029 2011 £1,351,010 2012 £1,413,952 2013 £600,930 2014 £277,135 2015 £248,856 So if he still has his shares and I believe he does as there are 'special rules' for Swiss Investors about not having to disclose their position (but illegal not to inform LSE of disposal if they have been disposed of, then Mr Villa is down on paper by over £3 million. So he is keeping the company afloat with 50k bungs till he digs up the bodies that he has previously buried. DYR
23/9/2016
14:25
dice1950: Posted 23/09/16 Hats off to management for a terrific turnaround! http://www.investorschampion.com/blog/entry/aims-rejuvenated-growth-stories For a higher risk recovery one need look no further than Strat Aero (AIM: AERO) an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle (“UAV”) sector. Since arriving on AIM in November 2014 this start-up with ambitions to capitalise on opportunities in the emerging UAV (Unmanned Aerial Vehicles) has struggled. At IPO the Group raised modest gross proceeds of £650,000 at 8p per share (net £300,000) and initially saw its share price soar to 12.38p resulting in a market capitalisation of £9.62m. We commented in our earlier Blog how this seemed a high price to pay for what appeared to amount to a concept stock. There has a been a staggering amount of newsflow since, covering fund raisings, options to acquire other businesses, trading updates, change of management (including CEO), acquisitions of other UAV businesses, contract wins and legal action against the former Chairman, who subsequently counter-claimed. Quite an eventful 1st year on AIM! Results for the year ending 31st December 2015 saw the business generate an operating loss of US$5.8m on revenue of US$433k. With a good chuck of the loss attributable to impairments the operating cash outflow was a bit less at US$3m. The Group held net cash at year end of US$367k. August 2016 saw a fund raise bring in £370,000 at 0.5p and news that revenues for the six months to the end of June 2016 were approximately US$410,000. The really promising news came on 8th September, when it announced that its wholly-owned subsidiary, Geocurve, has been awarded a further contract to provide aerial inspection and level survey services for the Environment Agency’s Thames Estuary Asset Management 2100 (TEAM2100) programme. Depending on contract options and call-off timing, the TEAM2100 programme could deliver in the region of £1m in revenue to Strat Aero over the next 18 months, and £2.5m over the duration of the whole programme. With share price in the doldrums and the current market capitalisation only £2.2m, it might be one to watch in what looks like an interesting high growth market. However, it’s certainly not for the faint hearted and there are bound to be a few more capital raisings needed in the short term to boost the coffers, not to mention the distraction of legal action with the former Chairman!
23/9/2016
11:03
dice1950: we had our 200-1 cosolodation after this so work it out Conclusions If the Mediapolis asset sale goes through successfully at €20m though, we come to a very attractive NAV figure of 5.49p per share, offering 137% on the share price. Further, if management can leverage the situation to their advantage (given the restructure passes successfully through the courts) and utilize the equity credit line for liquidity purposes then there will be no pressure for a quick sale process for the Company. Thus, CLP could engage with a number of interested parties as well as the two current bidders to attain a more competitive figure. It was valued at €35.6m independently after all. If we hypothesize that this figure is achieved and use it in our analysis above we come to a NAV of 12.23p per share, more than 5 times the current market cap.This is a tremendous proposition and is not so ludicrous to suppose that it has a chance of occurring.
14/9/2016
15:12
cashmachine2: Shoestring.You either believe in the recent RNS or you don't but today's placement was to repay debt on favourable terms and they issued warrants at 1.5They have a lot of legal cases going on right now but you either stand and wait for the projected £60m cash shell and rolled over tax losses and the multiples the share price will be or you do what most pi's do and sell right at the point of capitulation, only to then see the share price rise back and beyond their buy in price.Your decision as was your decision to buy but the last thing I'd do today is sell but that's your call.Good luck
13/9/2016
06:21
irishlass2: Clear Leisure is pursuing legal claims amounting to some �55 million (�45m) which are not included on the company's balance sheet. Every �1m recovered represents 0.41p per share. It said several law firms are engaged on the company's behalf in legal actions to recover shareholder funds in UK and Italy; each one selected for its specialist experience in the area specific to the individual claim. An operational update says: "The entire focus of management remains the monetisation of all of the company's existing assets, through selected realisations, court-led recoveries of misappropriated assets and substantial debt-recovery processes." Chairman and chief executive Francesco Gardin said: "The 12 months since my arrival on the Board has been a period of intense activity on behalf of shareholders, albeit much of it behind the scenes The focus of your new Board has been entirely on unravelling the labyrinth of complex shareholdings and cross-positions held by the company, whilst actively instigating a series of major actions, in the courts and elsewhere, to recover lost shareholder value." At 1:08pm: (LON:CLP) Clear Leisure PLC share price was +0.85p at 1.53p
12/9/2016
12:04
scotty666: 10Bag dont be a moron, just move on. They are realizing cash from assets and reshaping the company, simple but by no means guaranteed hence the share price is worth a few pence a share today rather than multiples of that price - but certainly heading the right direction in terms of progress and share price appreciation.
11/9/2016
12:18
dice1950: Conclusions If the Mediapolis asset sale goes through successfully at €20m though, we come to a very attractive NAV figure of 5.49p per share, offering 137% on the share price. Further, if management can leverage the situation to their advantage (given the restructure passes successfully through the courts) and utilize the equity credit line for liquidity purposes then there will be no pressure for a quick sale process for the Company. Thus, CLP could engage with a number of interested parties as well as the two current bidders to attain a more competitive figure. It was valued at €35.6m independently after all. If we hypothesize that this figure is achieved and use it in our analysis above we come to a NAV of 12.23p per share, more than 5 times the current market cap.This is a tremendous proposition and is not so ludicrous to suppose that it has a chance of occurring. A failed Mediapolis sale implies 66% upside, our base case valuation for a successful outcome implies upside of 137%, while a fair value sale for Mediapolis offers 427% upside. If we weight these outcomes on a 45%-45%-10% basis respectively, we come to an expected per share NAV value of 5.43p, or 134% expected return. https://phynixmanifesto.wordpress.com/2014/03/30/clear-leisure-asset-value-deep-dive/ Clear Leisure — Investing with knowledge and vision http://www.clearleisure.com/ "The conversion by Eufingest of it loan notes clearly demonstrates its long-term support for our strategy. I look forward to updating the market with further developments before the end of the quarter."
02/9/2016
12:07
dice1950: worth a read. temmujin21 Aug '16 - 10:23 - 3624 of 3661 2 0 Clear Leisure PLC is an AIM listed investment company headquartered in London, but with the majority of its operations in Italy. The historical performance of Clear Leisure has been disastrous and the share price of the company has dropped from 120p in 2010 to just 0.75p today. Luckily management seems to be coming to their senses. The company is looking to sell some of the larger assets of the company. In anticipation of the sale of the Mediapolis SpA asset they already announced a conditional 2p/share dividend. This attracted my attention. But before discussing this potential dividend, and the other assets that Clear Leisure owns, first a quick look at some key statistics: The core assets that remain are: A 50.16% stake in Sipiem (Ondaland)A 100% stake in You Can Group (Sosushi)A 69.45% stake in MediapolisOther assets are a 67.12% stake in Bibop and a 8.9% stake in Geosim. Since these assets are small and no useful information is provided for a valuation I’m going to assume that these are worthless too, and only focus on the core assets. Sipiem (Ondaland)Sipiem is the holding company that owns 66% of Ondaland, the biggest water park in Italy. The park received a €7 million investment at the end of 2012 to add a traditional theme park that will allow it to remain open throughout the year. It is currently only open three months in the summer. Since Clear Leisure owns a 50.16% stake in Sipiem they effectively have a 33.1% stake in Ondaland. The latest reported financials look as follows: Sipiem, which owns 66 per cent. of Ondaland, Italy’s largest water park, recorded revenues of EUR 5.1 million (2011: EUR 5.9 million), EBITDA of EUR 2.1 million (2011: EUR 1.7 million) and a consolidated profit after tax of EUR 0.9 million (2011: Loss after tax 0.2 million). As at 31 December 2012, Sipiem had a consolidated net asset value of EUR 11.3 million. Because Clear Leisure and (some of) the holding companies further down in the corporate structure own just partial stakes in the businesses they control you have to be careful to account for the impact of minority interests. Revenues and EBITDA are measures before taking into account minority interests while the earnings and net asset value numbers are (probably!) after minority interests. Valuing Sipiem at €11.3 million might be a bit too optimistic, but it would be at 12.6x earnings and 5.4x EBITDA so it’s probably in the right direction. In 2012 Clear Leisure bought a 11 percent stake for €800 thousand, valuing the company at €7.3 million. Given that earnings and EBITDA (but not revenue) increased compared to 2011 this might actually be an investment that increased in value. The €7 million funding mentioned earlier was done for a 27% equity stake in Ondaland. This implies that Ondaland is worth €26 million and that Sipiem is worth €17.3 million. If Sipiem is worth between €7.3 and €17.3 million the 50.16% stake of Clear Leisure could be worth between €3.7 and €8.7 million. You Can Group (Sosushi)Sosushi is an Italian sushi restaurant chain that seems to be growing rapidly. On the Clear Leisure website they talk about 18 restaurants, but when we visit Sosushi’s own website we already see 30 locations. Revenue increased last year by 54% while EBITDA grew with 87%: You Can recorded revenues for the year of EUR 1.7 million (2011: EUR 1.1 million), an EBITDA of EUR 177,156 (2011: EUR 61,626), and a consolidated profit of EUR 52,003 (2011: loss of EUR 562). Based on this limited disclosure of growth and profitability I think this chain could be worth a decent amount, but a lot depends on future growth prospects. Clear Leisure paid €751,500 to acquire its 50.1% stake, and I’m guess that it’s still worth this much, and potentially twice this amount or more given the impressive growth last year. The other 49.9% was acquired in January this year, but I assume that the value of this part is offset by an equal amount of debt. A valuation for Sosushi between €1 and €2 million seems a decent guesstimate to me. Clear Leisure is thinking about spinning of their restaurants division: questionable in my opinion given the small size of both the parent company and this division. MediapolisMediapolis is the most interesting asset because the company is in an advanced stage of selling it. Mediapolis owns a plot of land that is earmarked for the development of a theme park, shopping centre and hotel. It also owns some other assets. It has received not one, but twooffers for the theme park project. Both offers are contingent on two conditions: Court approval for the restructuring of the debt at MediapolisFinal building approval from the local regional authority for the theme parkThe project land is appraised at €35.6 million while it has €10.3 million of associated debt. The other assets have an appraised value of €4.2 million with €5.9 million in associated debt. In the debt restructuring the company wants to pay creditors the €10.3 million of debt related to the land and €1.7 million related to the negative equity of the other assets. After this transaction Mediapolis would only own the undeveloped land and it would be debt free. Clear Media announced in Januari this year that they had received an initial positive reply from the court, but a month later the court decided that it needed more information due the complexity of the restructuring plan. The company appears to be confident about the outcome of this process because they already announced a conditional 2p special dividend. ValuationTo find the value of Clear Leisure it’s a matter of adding up the various pieces and deducting a number for the amount of debt at the holding company level. How much this exactly is, is a bit of a guess because the latest interim report doesn’t have the necessary footnotes to figure it out. But we know that the company had €2.0 million in convertible bonds at the end of 2012 and €3.5 million of payables for total liabilities of €5.5 million. But since then the company has issued €3.1 million in new debt to buy back debt at a significant discount and approximately a million in liabilities were removed from the balance sheet by issuing new shares (already incorporated in the current number of outstanding shares). I decided to simply use the amount of debt that was issued last year as the current debt level in the ‘high’ valuation scenario and add an additional million in debt in the ‘low’ valuation scenario. These assumptions give a wide range of outcomes, but when the upside ranges between 66% and 220% I don’t think you need to be overly precise: ConclusionClear Leisure has a terrible track record, the valuation is imprecise at best, and if the sale of the Mediapolis asset fails intrinsic value/share will probably continue to melt away like an ice cube on a hot summer day. Having said that: I think that at current prices it’s a attractive bet. It’s pretty likely that they will be able to sell the Mediapolis asset and they already announced their intention to return 2p/share: giving investors a freeroll on the value of everything else. Ondaland and Sosushi appear to be decent assets that could provide a lot of upside. Don’t think it is prudent to allocate a large part of the portfolio to this idea though given the risks involved.
28/7/2016
12:46
dice1950: This is cracker and value will be here soon Westhouse believes “there is no longer an intermittent technical overhang which will now benefit investors” and argues that the share price should now close the gap with that 12.14p asset value. With Clear Leisure expecting group revenues of £43m, rising to £54m http://www.dailyreckoning.co.uk/penny-shares/penny-sleath-is-this-share-underpriced-by-percent-63730/ https://phynixmanifesto.wordpress.com/2014/03/30/clear-leisure-asset-value-deep-dive/ if the Mediapolis asset sale goes through successfully at €20m though, we come to a very attractive NAV figure of 5.49p per share, offering 137% on the share price. Further, if management can leverage the situation to their advantage (given the restructure passes successfully through the courts) and utilize the equity credit line for liquidity purposes then there will be no pressure for a quick sale process for the Company. Thus, CLP could engage with a number of interested parties as well as the two current bidders to attain a more competitive figure. It was valued at €35.6m independently after all. If we hypothesize that this figure is achieved and use it in our analysis above we come to a NAV of 12.23p per share, more than 5 times the current market cap.This is a tremendous proposition and is not so ludicrous to suppose that it has a chance of occurring. A failed Mediapolis sale implies 66% upside, our base case valuation for a successful outcome implies upside of 137%, while a fair value sale for Mediapolis offers 427% upside. If we weight these outcomes on a 45%-45%-10% basis respectively, we come to an expected per share NAV value of 5.43p, or 134% expected return.
Clear Leisure share price data is direct from the London Stock Exchange
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