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|still quiet here|
|termites still going|
|it's a post-WWIII situation by the look of it, only termites have survived|
|very quiet here|
buster charlie dont dont do charts ect only information as in decco
need to go to bletchley for this one|
|A shame most pubs are empty these days.|
|Sceptre Leisure is setting up pub lottery machines
Monday September 15,2008
By Andrew Johnson A company hoping to cash in on the smoking ban with pub lottery machines is moving to Aim.
Sceptre Leisure will be formed when the fruit machine-to-pool-table group Orb Holdings completes a reverse takeover of lottery and bingo mach-ine group Gamingking.
No money is being raised during the move and the company is expected to have a market value of nearly £18million when the enlarged group starts trading later this month.
Chief executive Ken Turner says Sceptre will be one of the largest gaming machine companies.
At the moment, Orb operates 17,000 machines in 6,500 pubs across the UK, including those run by groups such as Mitchells & Butlers and Greene King.
Gamingking has 3,000 lottery machines in place but they are largely based in societies and social clubs, such as working men's clubs.
Turner believes one opportunity for the company lies in taking the lottery and bingo machines out to pubs, which would benefit from recovering some of the income and cash flow lost to the smoking ban.
"Many pubs have a gap where the cigarette machine used to be," he says. "We think they should fill it with a lottery
The machines sell tickets for £1 and offer a £5,000 maximum prize. To encourage customers to play, 20p of each ticket is donated to charity. "They include all the major charities - the Poppy Appeal, Help The Aged," says Turner.|
|Hey blackbird. Any chance of putting some details above like a chart and news flow etc?
I will certainly be following this co. from now on, knowing a little of their background info. As always, DYOR!|
buster and charlie
|lokks bright . GGk sold cheap @ .00666 pence = 1, 744187 Aim listing alone
£ 750 k 5,000 pubs @ £ 200 = 1,000,000 the rest was thrown in for nothing.
ggk holders may have 17.64% of Sceptre bad deal they couldhave held out for more let down again , Sceptre debut @ 46p 50p to equal old ggk of 1 pence.
If Sceptre can keep cutting deals like this it should be a good one. possible actions coming 10 m savings increase in rental some increase in rev would be at no cost £5m profit EPS 13 p/e @ £1 7.69
I do not profess to have a crystal- ball the Black- Bird|
|p.35 of the Offer Document?|
|may 08 mentioned the possible may happen see post new company different animal possible on line gaming to come GGk S/P i mention d 5p in may 08 a little out it now seems valuation could end up depends on wwho is buying and how much 3p ? the black bird just addig my penny worth|
|What do we know about Orb Holdings ?|
|Looks like good news.|