Share Name Share Symbol Market Type Share ISIN Share Description
Soccercity Plc LSE:SOC London Ordinary Share GB0032742339 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.10p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.13

Soccercity Share Discussion Threads

Showing 101 to 122 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
16/5/2012
08:18
Not a long play!
hectorp
20/2/2008
15:40
Indeed - current MC seems excessive with new shares being issued and imminent de-listing.
double6
20/2/2008
12:39
only real mugs buying this rubbish today
wavydavy22
20/2/2008
11:58
LOL - some wise one bought and sold within half an hour. DCB.
double6
20/2/2008
11:26
Indeed - some buying going on. MM's sucking people in ?
double6
14/2/2008
08:45
Why issue new shares to W.H.Ireland etc. at 0.5p(i.e. significant premium to current sp), when they are about to delist? Very strange! Rgds dell All IMHO, DYOR etc.
dell314
30/1/2008
13:45
looks like another case of P'I's shafted as assets now secured prior to going into admin.
still waiting
30/1/2008
10:27
Gone and I'm out !
droftarts
05/12/2007
09:31
Going, going, soon to be gone !
droftarts
29/10/2007
14:33
LOL - up on one sell !!
droftarts
29/10/2007
14:12
looks like nobody did remember. ;-)
cyberpost
27/10/2007
11:42
When is the best time to post bad news? - That's right after the markets close on a Friday and hope that nobody remembers on Monday morning !
droftarts
10/9/2007
14:26
Now they have the disposal out of the way and paid off some of the creditors/loans it will be interesting to see where and how they will develop the remaining sites or 'if'
droftarts
18/8/2007
11:01
Not yet - I can't hear her singing.
droftarts
03/8/2007
19:26
Chairman's Statement 2006 was a disappointing year with the second half in particular beset by operational and organisational problems. Overall revenue growth in the year was modest and did not reflect the significant investment made in seeking to develop the business. Strategic review The Board responded to these issues by initiating an extensive strategic review in January 2007. Good progress has already been made in implementing the key elements of the revised strategy, although the benefits of the many operational actions taken are only expected to come through in the second half of this financial year: * The immediate strategic focus of the Company will be on its existing and future business in the north of England. As a result the Directors have entered into an agreement for the sale of its indoor centre at Fareham for a consideration of #697,000. Fareham, located on the south coast, is one of four centres within the Group, the other three being in Leeds, Huddersfield and Bradford. The Board believes that the proposed sale of Fareham represents an opportunity for the Group to realise value and will enable the Directors and management team to focus on the Group's core business interests in the north of England, particularly the indoor centres. In the financial year to 31 January 2007, the Fareham centre recorded unaudited turnover of #718,000 and a profit of #191,000, before depreciation and certain central Group costs. The net assets of the Fareham centre as at 31 January 2007 have been written down to #697,000 including goodwill of #604,000. The net sale proceeds from the Fareham disposal will be used by the Group to reduce current liabilities and outstanding debts and to invest in its remaining indoor football centres, together with the development of new business at these centres. In addition, #350,000 from the disposal proceeds will be used to repay outstanding debt. * The Executive Management Team has been re-organised and strengthened with new senior appointments made in finance, sales and marketing. A dedicated sales team is in place and is beginning to demonstrate success in recruiting new teams, establishing new leagues and securing sponsorship income, which the Board fully expects to continue throughout the current year. * The core football offering is being improved and this will include the installation of premium quality pitches, starting with the Leeds centre within the next two months. * The Group is developing new, complementary, business streams, utilising the existing facilities and core competencies. * The Group has strengthened its balance sheet throughout the last year by raising #834,739 through the issue of new ordinary shares before expenses and repayment of loans. The Board believe that there is now a more appropriate capital structure in place to take advantage of the business opportunities available to the Group. Financial and Operating Review Overall revenues at #2.036m were just 1% higher than last year (2005: #2.018m) reflecting in part the adverse impact of the World Cup on attendances during June and July when the Group experienced a 15% reduction in income. Although revenues in the second half of the year were at #1.033m 3% higher than the first six months, the scheduled league structure was undoubtedly damaged by the World Cup effect and the re-activation of existing customers has been very challenging. Gross margin reduced to 71% of sales reflecting, in part, weaker margins from catering and one-off purchases of football equipment supplies. Underlying overheads increased by 8.5%, partly reflecting weak operational management, which has now been addressed with better systems in place to control overheads, and also an investment in business development. In addition, it is the opinion of the Directors that the recoverable amount of goodwill is estimated to be less than the carrying amount, resulting in an impairment loss of #350,471, which has been written off to the Profit and Loss account. 2007 2006 Variance Variance #'000s #'000s % #'000s Turnover 2,036 2,018 1 18 Gross Margin 1,451 1,488 (2) (37) Overheads (1,651) (1,520) (8.5) (131) EBITDA (200) (32) (168) (excl Business Dev and Loan cancellation) Business Dev (86) (8) (78) Loan cancellation 72 (72) EBITDA (286) 32 (318) In response to the poor revenue performance in June and July, the Group decided to increase its investment in human resources focused on new business development and customer recruitment. Despite the increased expenditure, the anticipated recovery in revenues has taken longer to come through than expected, partly because customer retention strategies need to be more effective and certain centres are in need of further refurbishment. The revised strategy has now addressed these issues with the implementation of an aggressive marketing plan and planned works to replace football pitch surfaces. During the year, the Board continued with the refinancing programme and have secured additional equity finance. The Group has also reduced borrowings through a combination of loan repayments and the conversion of debt into equity. Bank debt at the beginning of the 2007 financial year was #136,000 but has now been reduced to #68,000. Since the beginning of the new financial year, a further #200,000 of new equity and loans has been secured. This, along with the net proceeds from the sale of Fareham, ensures that there is a more appropriate capital structure in place to progress the business opportunities available to the Group.
2007sam
03/8/2007
19:21
LONDON (Thomson Financial) - Soccercity PLC said it has agreed to dispose of the business and assets of its indoor football centre at Fareham, Hampshire, including contracts and employees, to Holyrood for 697,000 stg cash. The operator of football facilities and children's play centres said the net sale proceeds will be used to invest in its remaining football centres, the development of new business at these centres, and to repay outstanding debt. In the year to Jan 31, 2007, the Fareham centre recorded turnover of 718,000 stg and a profit of 191,000 stg, before depreciation and certain central group costs, Soccercity said LONDON (Thomson Financial) - Soccercity PLC said it has agreed to dispose of the business and assets of its indoor football centre at Fareham, Hampshire, including contracts and employees, to Holyrood for 697,000 stg cash. The operator of football facilities and children's play centres said the net sale proceeds will be used to invest in its remaining football centres, the development of new business at these centres, and to repay outstanding debt. In the year to Jan 31, 2007, the Fareham centre recorded turnover of 718,000 stg and a profit of 191,000 stg, before depreciation and certain central group costs, Soccercity said
bugner
03/8/2007
12:25
I was wrong. Ian Currie (Holyrood) is a former director.
cupasoup2006
03/8/2007
09:22
And potentially libellous if not...
wiganer
03/8/2007
09:22
Very naughty if true...
tonyx
03/8/2007
09:16
Where have you got the info from that Holyrood = Directors? I see no mention of that in the disposal RNS.
wiganer
03/8/2007
09:11
and they're selling what appears to be their best site to the Directors (Holyrood) - what's that about?
cupasoup2006
03/8/2007
06:30
well, what does everyone think of the results?
cupasoup2006
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