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Maypole Group Share Discussion Threads
Showing 26 to 42 of 50 messages
|Sad, but unavoidable suspension in my view. My biggest ever investing mistake, but I managed to sell down nearly all my shares and am left with £1,000 worth. It is always easy to blame the management when this happens, but they really should be ashamed of themselves. No doubt they will blame the economic climate etc, but the reality is that poor decisions were made from the start of trading. Mr Simon Bentley has a large loan to the company and I am sorry to say that I hope he does not receive this back. I attended an AGM and was told by him that his debt was subordinated to all other debt, so that should be the case. My concern is that we will see a convenient pre-pack so management can benefit from their mistakes.|
|Encouraging purchase of 100,000 shares today.|
|Some improvement here. We need a long hot summer now.|
|also looks like his powerleague has been sold.
Powerleague agrees to £42m takeover
The five-a-side football operator Powerleague has agreed to a £42.5m takeover offer from its biggest shareholder. Its executive chairman, Claude Littner a former colleague of Lord Sugar who appears in The Apprentice stands to make £2.6m from the deal.
The former Amstrad and Tottenham Hotspur chief executive led a management buyout of Powerleague from the investment group 3i in 2003, and owns 6.1 per cent.
The company, which has 43 football centres, has recommended the offer from Patron Sports Leisure, a subsidiary of the European investment firm Patron Capital, which owns 29 per|
|150k available at .73. chairman of sports direct with mike ashley. and r3covering.|
|awaiting news on clysdale bank. positive RNS would be grat for the share price chairman is no mug. developing a range of services.|
|first buy in on plus.|
|37.5k available at 0.75p. not giving away much.|
|he holds 29.5% of this. doing well and expecting further good news from clysdale bank. very difficult to buy this and seems to move up on every buy.|
|Crucially, the Chairman has been prepared to support the company with his own money where necessary.
The last 3 summer months of trading sound good, if only they would tell us the figures!|
|also chairman of sports direct. getting shares is difficult with this one.|
|The group currently owns three hotels in Norfolk and a fourth in Oxfordshire and is looking for more.
Chairman is Simon Bentley, who was Chairman and Chief Executive of Blacks Leisure for fourteen years until 2002. progress is definitely being made.|
|deal almost complete with Clydesdale Bank plc.|
|strong potential r3covery.|
|RNS Number : 9660Z
Maypole Group plc
30 September 2009
30 September 2009
Maypole Group plc
('Maypole', 'Maypole Group' or the 'Group')
Unaudited Interim Results for the six months ended 30 June 2009
Maypole Group plc, the AIM quoted UK countryside hotels with restaurants group, is pleased to announce its half year results for the six months ended 30 June 2009.
Group sales, on a like for like basis, increased by 5% to £2,569,000 (2008: £2,448,000)
Operating profit increased to £140,000 (2008: loss of £119,000)
Loss before tax reduced to £364,000 (2008: loss of £507,000)
Net cash generated from operating activities £202,000 (2008: £464,000 used by operating activities)
The Group is benefiting from cost cutting measures taken in 2008
Trading over the Summer months, since the period end, has exceeded management expectations
Simon Bentley, Chairman of Maypole commented:
'After a difficult second half last year, we are pleased that management actions to improve performance have led to an increase in like for like sales and a return to operating profit with operating expenses tightly controlled. Against a background of a very testing market, trading since the period end has exceeded our expectations but we remain cautious given the current climate. The Group has agreed the terms of a re-financing with its existing bankers, Clydesdale Bank plc and this will be formalised in the very near future.'
For further information:
Maypole Group plc
020 7317 8022
Simon Bentley - Chairman
Alastair McEwen - Chief Executive
Blomfield Corporate Finance Ltd
020 7489 4500
Peter Trevelyan-Clark / Alan MacKenzie / Ben Jeynes
Alexander David Securities Ltd
020 7448 9820
David Scott / Bill Sharp
Weber Shandwick Financial
020 7067 0700
Nick Dibden / Katie Matthews
Maypole Group plc Interim Results
Simon is a chartered accountant, having been in practice at BDO Stoy Hayward and Landau Morley. In 1987 he joined the board of Blacks Leisure Group Plc, where he was Chairman and Chief Executive for fourteen years until 2002.
Simon currently chairs and is on the board of a range of companies and organisations; his most recent appointment was as a non-executive director of the recently-listed FTSE 250 leading sports retailer and brand owner, Sports Direct International plc, where he is now Chairman.
He is Deputy Chairman of the solicitors Mishcon de Reya, a senior Trustee of The Leadership Trust and is the Chairman of the well-known hair product brand Umberto Giannini.
He has lengthy experience in the sporting goods industry and is a Director of the UK's leading 5-a-side football centre operator, Powerleague, as well as Chairman of USA PRO, the women's fitness and leisurewear brand.