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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hollywood Media | HOL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.375 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.375 |
| Top Posts |
|---|
Posted at 30/8/2007 19:31 by hoobie different company, HOL is (as of today) the symbol for a different company who got listed on AIM today... |
Posted at 30/8/2007 17:29 by timbo003 There was a full one page article in Investors Chronical (IC) a couple of weeks back which had a real go at the impending Hollywood media IPO, the bottom line was they thought it was a total rip off at 3p per share. Anyone who is considering an investment in HOL should read a copy of the IC article before committing funds. |
Posted at 11/7/2006 00:07 by spob How much have you got tied up in HOL ? |
Posted at 10/7/2006 23:31 by pussywillow Actually, in the Virgin Deal, Holmes Place is valued at about £80 million - the combined company (Virgin Active + Holmes Place) is valued at £700 million, and perhaps £1000 million by the time of an IPO next year. Bridgepoint/Permira are essentially trading in Holmes place for 12-15% of the combined company (though they are hanging on to some European branches of HP).I understand that Bridepoint and Permira diluted remaining shareholders by some amount over the past couple of years. As a shareholder, I received no information regarding this, but from what little snippets I have picked up I believe existing shareholders have been diluted to 50% of their initial holding. If this is the case, then the current £80 million valuation of HOL suggests each original share is currently worth 40p, or up to 55p should an IPO happen next year (though of course any such shares will presumably be converted to shares in Virgin Active). This is all personal opinion of course - I hope I'm right, as I've tied up far too much cash in this unfortunate project - the lack of information and transparency from this company's management has been horrifying. |
Posted at 15/7/2003 22:34 by georgedent If you don't choose to take the offer at 25p, you're left with unlisted shares. Selling now for 25.5p is a better deal if you think the shares won't relist in a year or two at a significantly higher level. Clearly some people do, as the shares are currently trading above the MBO offer of 25p.If you are prepared to take the risk, keep hold of them. If not, sell now for 25.5 so that someone else can reap the rewards in a couple of years. This is not advice, but a gut feeling that recent events for HOL would not have taken place if somebody didn't think that there would be some major gains to be had in the future. If the company is turned around and relists with good prospects, these will be a goldmine. On the flipside, the company could go down the pan entirely. I still hold but am undecided on what to do. Like hot, I'll sell if the share price continues to rise. Right now, I'm more tempted to tuck what I have away for the long term. If I were the HOL management, I'd be looking to turn the company around and put it up for sale. As an investor, riding on the back of that one certainly makes sense... it just depends on how long it'll take.... Any thoughts? |
Posted at 11/7/2003 23:00 by georgedent Don't know how many Goldmans now hold but I suspect they are looking long term. If I remember correctly, once HOL is delisted, should the company need to raise cash through the sale of shares, the existing shareholders will get the option to buy before anyone else. I could be wrong though...More importantly, if HOL relists (AIM seems more likely than a full listing) you can bet it won't be for a pathetic 25p per share. The directors would be looking to take a tidy profit on their holdings. Wasn't there talk on these boards a while back that net asset value was around 80p? Share price on relisting would be around NAV... Shares right now are at a very tasty discount if you're looking that far ahead. Personally, I'm not keen to wait that long. |
Posted at 10/7/2003 12:09 by esmerelda FWIW here's my 10p worth on the options left open to those that still hold (including you Hot!). Lets assume Deutsche Bank have been buying shares at or near the bid price then the most likely scenario is that they are attempting to build a stake to prevent a compulsory purchase of shares which would occur once 90% acceptances are achieved (whenever that is). They did the same at Fitness First but in that case (I believe) had over 10% in their own right so whilst those shares may one day be delisted any shareholders who have not accepted that offer will retain a partial ownership of the company. Companies such as Bridgepoint are not long term owners. Their role is to put in sufficient finance to get the company back on its feet and in two/three years time apply to have it relisted (such as what is happening now with YELL [Yellow Pages]) or sell it privately to another company, listed or not, and of course at a profit! With Fitness First Deutsche Bank have decided that whatever the outcome is then they will benefit from retaining 10% of the existing company and are prepared to wait to see what that outcome will be. Holmes Place is a harder one to call because it relies on another 5% of the existing shareholders refusing to accept the offer, not necessarily an unreasonable assumption but a close call anyway as pressure will be brought to bear on those who do not accept through letters/phone calls that may sound threatening but in reality are not necessarily so.So what happens if you hold on? Well, and this is MHO as I have never actually done this, the company will be run by Bridgepoint for at least a year at which point they may choose to offer you a higher sum for your shares. Now that they only have to buy a few more they may be a little more generous (but remember they only need 90% to buy up the rest of the shares at whatever price they offer). Nothing will happen for a year as, I believe, a better offer in that timespan would contravene the Takeover Panel rules. If they choose not to make an offer to existing shareholders then your next exit point will be when they sell the company on to another or seek to have it relisted. Because of the nature of this takeover, with its option to retain a small stake in the ongoing company, it is difficult for me to assess the relative benefits between being an original shareholder or one that has accepted the non-cash offer but if Deutsche Bank continue to hold their stake then you may conclude that they expect to be better off for hanging on. The problem for a private investor is that your investment is 'dead' money until Bridgepoint decide to dispose of the company (I don't expect they will pay a dividend to continuing shareholders in that time as it would not be tax efficient to do so). That won't bother a Bank but if your life savings (as mine were) are tied up for two+ years then you may wish to exit now. Good luck with whatever you decide to do. Es |
Posted at 11/6/2003 17:59 by mercier et camier A nominee account is exactly what it means. You have legally transfered your shares to your stock broker for safekeeping, ease of buy/sell transactions and to act as power of attorney. It is entirely at the discretion of your stockbroker if they wish to seek your views on any voting rights. The voting rights are THEIRS NOT YOURS. Most private shareholders hold their shares in nominee accounts. Holmes Place management and their advisors are fully aware of this and would have relied heavily on stockbrokers not informing their clients and shareholders not bothering to go through the rigmarole of chasing their stockbrokers.It is in the interest of your stockbroker to vote YES on your behalf where they are guaranteed 25p cash per share as opposed to voting NO where the stock could be suspended pending clarification of the company's financial position. Many shareholders are still buying on T10 upwards and have other yet unpaid for positions on other stocks. How many will actually or can afford to pay up on this and other stocks if their funds in HOL are frozen through suspension. |
Posted at 07/5/2003 14:47 by roygehl esmerelda,Holmes Place PLC Shareholders Shares in issue: 101.2m 5p Ords Major Shareholders Amount % Holding Lawrence Michael Alkin 16,045,276 15.86 Allan Brian Fisher 10,625,720 10.50 M & G Investment Management 0 4.95 Wanger Asset Management L.P 0 3.36 Cantor Fitzgerald Europe 3,342,732 3.30 Other Directors Amount % Holding Graham John Reddish 58,449 0.058 Lee S Hillman 39,000 0.039 Lee Dale Ginsberg 12,000 0.012 Simon Edmund Purser 10,000 0.010 Nigel Stephen McGinley 4,200 0.004 = Director BTW I'm not looking for conspiracy however there is a clear case here against the managment. If you compare HOL to other firms in the sector, you immidiatly can see one of 2 things. 1 the all talked about conspiracy theory. 2 goss incompetance from the managment. Personally if I was a VC I would never have backed an MBO... I dont think the managment have a clue about running this business. Now bringing in a new managment team or for someone like Cannon to put a bid is a totally different story. |
Posted at 25/4/2003 00:34 by ecroyd Roygehl,Wingdings and Insiderboy - I'm holding. This is a company with a with a NAV of 112 pence per share and 260,000 members each paying £60 per month into HOL's bank account.A large proportion of these members do not use the facilities of the clubs very much but still happily pay their monthly subscriptions. The clubs are therefore very profitable because they pull in a monthly direct debit from thousands but only have to provide the premium Holmes Place experience to hundreds. Laziness and good intentions are human nature. Many of us are happy to pay for a gym membership to satisfy our guilty resolutions even if we only turn up from time to time. It all adds up to a great business cashflow for HOL so no wonder the venture capitalists are interested in this sector. HOL has the best brand name in the UK market and my contact at HOL says that if Cannons take over HOL all the existing Cannons clubs will be re-branded as Holmes Place as it has the better name in the premium market. Archie Norman has made no secret of his ambitious plans for Cannons and will no doubt be watching Bridgepoint and the MBO team very carefully. |
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