Leisureplay Share Discussion Threads

[shirishg] 15/7/2004 08:28

Post removed by ADVFN

[pylon] 15/7/2004 00:29

It lies in Lake Havasu - Arizona.

They thought they were getting Tower Bridge and got London Bridge!

[james 2] 14/7/2004 17:38

Mind you what bridge was it someone sold to the yanks once ?

[james 2] 14/7/2004 17:38

Mind you what bridge was it someone sold to the yanks once ?

[philjh] 14/7/2004 17:36

sold at 15.75p so technically yes a good call - but even as I was selling I had this nagging doubt recalling the buys from yesterday - as the retail sellers are getting out the big boys seem happy to scoop them up - what do they know that we don't as on the face of it it's madness to be buying at these levels

[james 2] 14/7/2004 17:30

LOL sorry I didn't mean it like that !

Didn't you sell today at what is now the current offer....... ;-)

[philjh] 14/7/2004 17:28

thanks James ............ and thats meant to make me feel better eh !!

[james 2] 14/7/2004 17:21

2 x 1 million buys

[philjh] 14/7/2004 17:03

............. and on the day I exit someone happy to buy another 1 million - what am I missing ??!!

[s4kcm] 14/7/2004 16:20

IM out boys cant stand the heat have made a profit and am happy with that good luck everyone

[james 2] 14/7/2004 15:17

First time I have seen EVO drop back on the bid, and this is when I was going to sell my remaining holding However had already decided to keep my remaining holding until details emerge from the EGM, and will stick to my guns.

[guru11] 14/7/2004 15:14

Be surprised if this is now a tree shake even though there were 2 buys yesterday amounting to 5 million. I believe it is on the turn.
With the dilution of the 80 million shares at 3p and the weak fundamentals,
I believe this may be just the start of the fall back.
But make your own mind up whether you think I am right or wrong,
but do it before the price changes.

[philjh] 14/7/2004 15:12

I'd got to the stage of just not knowing what to think so decided to err on the side of caution - agree that EVO have controlled it up till now - though it seemed the right thing to do I've still got those 2 big buyers in the back of my mind from yesterday and wonder if in time I'll regret my running for the exit

[merrickman] 14/7/2004 14:53

Phil your timing could well be impecable - EVO still trying to hold up but WINS KBC not playing ball - Shake or fall time will tell. no big player selling yet and I guess that is the true test - what price will the market pay for 1 mill sells. Whilst EVO on bid I suspect a shake. When Wins or KBC move to bid then a fall - as it is EVO who are responsible for walking up.

[philjh] 14/7/2004 14:53

a few more sellers around and price now 15p-15.5p - level of sells so far reported doesn't justify the drop so either some larger sells to be reported later or its a tree shake (??)

[philjh] 14/7/2004 14:02

have sold out today at 15.75p - as a long term holder (bought MFC when Peter Ghyllenhammer was buying) and the originator of this thread - share price bears no relation to assets etc etc - and whilst there's obviously something to support the price I simply became increasingly nervous holding at these levels - good luck to those in for the longer ride - I'll continue to monitor the price and if there's a continuing long term story here could well buy back in

[james 2] 14/7/2004 10:30

All I can find and it is pretty wide of the mark is the below from yahoo.com on an SDS BB posted 24th June

a company that sun is working with,its called Private Treaty Market.Its an IPO opening on the london soon.Thanks

Will look some more later.

[paddyfool] 14/7/2004 10:23

Next time you get a hint merrickman let me know on [e-mail] and I will return the compliment!

[merrickman] 14/7/2004 10:16

Paddy the Guardian article highlight Acquisition in Canadian fund and new trading system - which I think he must be trying on LPY- Personally religiously avoid shares with 3 market makers (but this was a tip - from the same source who recommended DES to me at 10p so some you win some you lose).

Paddy well done banking profits hope you made loads.

[paddyfool] 14/7/2004 10:08

Merrickman it eludes me too! But the momentum has been clear hence my original investment. Someone somewhere has to give something up to create value, quite who or what is unclear, and the size of this giving up is growing, starting to make it look unlikely,....But someone somewhere clearly knows something or...there is a scam afoot. Hence I have now protected my position.

[james 2] 14/7/2004 10:06

Just to add to the earlier posts regarding the court case, as well as the 800k in escrow LPY have a counter claim of £129,000 against Murray (sorry if posted before but don't remember seeing this)

The company, now called Leisureplay, has launched a counter-claim for £129,000, alleging that Murray failed to get approval of fellow directors for the proposed acquisition of Blue Planet Investment Management, which he owned.

Merrick I had read that but perhaps underestimated the impact

[merrickman] 14/7/2004 10:03

Follows article which will clarify US Canadian interest also not the last para re new trading tool Private Treaty Market.

In summary all news known 1st July.

Link

Neil Hume
Thursday July 1, 2004
The Guardian Ramsden returns


Terry Ramsden, the financier who made a fortune trading Japanese warrants and then went bankrupt owing £25m in the 90s, returned to the City with a bang yesterday.

Mr Ramsden was unmasked as the driving force behind the radical restructuring of AIM-listed Leisureplay, a company formed to buy distressed leisure assets.

He is heading a consortium that will sink £2.4m in the company via an issue of 80m new shares at 3p each. He will end up with an 11% stake in the company, which will then change its name to Caplay and concentrate on making specialist financial investments.

The first deal will involve the purchase of a stake in a Canadian mutual fund.

Leisureplay closed 2.25p, or 72% higher, at 5.37p. Traders expect further gains this morning as the market speculates about the company's likely relationship with the Private Treaty Market (Pets), a trading system Mr Ramsden claims will revolutionise the process of settlement.

[merrickman] 14/7/2004 09:54

James/Paddy - as is I closed somes positions yesterday after seeing those 5 million buys - someone knows something or their is a fight for voting rights to pass resolutions. - If the NAV or CPS were higher I could understand but it is not.

[paddyfool] 14/7/2004 09:43

Yep Merrickman you are right I am today selling some of my holding so that I am now only playing with their money. Something has to give here! Either their is something happening with a deal/asset about to arrive or......Bang! If it does go bang there will be no time to get out.

[james 2] 14/7/2004 09:42

Merrick - Point noted and it does seem to be defying all logic, like you I reduced my exposure this was following the Gyllenhammers sale being reported thinking that surely the price would pull back !

I note your comments regarding EVO but all the small sells are being matched up with large buyers of 2 - 3 million and EVO continues to push the price, who are the big buyers ? it has been mentioned on here that they are Americans/Canadians but why ?

Given the ability to sell bridges etc to the yanks this makes me a tad uncomfortable :-)

IMO I wouldn't buy/short this at this level until the mist has cleared.