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TTH Top Ten Hldgs

0.275
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Top Ten Hldgs LSE:TTH London Ordinary Share GB00B0V90L66 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.275 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Top Ten Share Discussion Threads

Showing 376 to 398 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
15/8/2004
02:01
Have any any of you shareholders ever thought of calling TTH and asking them about policy.The key to increased stock value will be buying more clubs from small operators then perhaps a sale of the business to an overseas company. Not Mecca or Gala as the monopolies commission will not permit.
dogdays
28/7/2004
20:12
KWI (keyword inv) is going to fly, massive buys has already started....
mayiguo
27/7/2004
18:52
wondering why more interst hasnt been shown, with news in the weekend press of talks with gala re aquisition thought there would be more interest.

Okay so its TTH who want some of Gala's clubs but doesnt that show a managment with a good busines plan that making profits keeping themselves busy by expansion and growth of the business plan.

All looks good long term. Very surprised this hant just shot to 14p.

smallchange
21/7/2004
06:50
wish I'd done the same as you, but didnt expect to see this price again..lol
smallchange
20/7/2004
22:07
Well, luckily I sold at 9p back on the rise. This is still undervalued and if it continues to drop through lack of interest, I will be picking up a shedload more at 6p
aerotus
20/7/2004
11:53
Yup wondering what is going on with this share...
smallchange
07/7/2004
10:23
The shares went EX DIV this morning and they have moved up-- Very interesting indeed.
regina124
06/7/2004
12:21
the trades are looking as though the mm's are buying at 8.9p for a large order.
This could get very interesting.

smallchange
05/7/2004
12:13
Looks to me as if this is a chart breakout and 13p should be easily achieved.
All IMHO

mdavey
05/7/2004
12:00
think its going 13p+ very very quickly.
so just put the order in to double my holding.
Its still a small holding.\

smallchange
05/7/2004
11:18
FWIW here is the text of the UK-Analyst tip

Buy Top Ten Holdings at 7.875p

Calling 'house' at Top Ten says Les Copeland

Editor of Growth Company Investor

In an age of internet betting, bingo clubs might seem an anachronism. Not so. They remain a key part of the social fabric in many towns in Britain and, if the changes to the gambling laws pan out as now indicated, they are set to remain so. As Top Ten Holdings is proving, they can also be made to generate real growth for shareholders.

Bingo got a fillip from the recent Government statement on deregulating gambling. Under the proposed regime, expected to come into force in two years' time, most casinos will not be allowed to offer bingo. That will leave the field clear for traditional bingo clubs, which hope to be able to offer a wider range of games - such as low-stakes roulette - too.

'The Government is backing our soft gambling stance,' says Top Ten's joint managing director, Alan Weston. 'It doesn't want to see bingo turned into a hard gambling environment, and nor do we.' The new law will shift responsibility for licensing away from magistrates and to the local authority. 'We hope the local authorities will be offered more flexibility in the games they can allow us to offer,' says Weston.

Top Ten came to AIM two years ago with the stated goal of playing a consolidator role in a fragmented market. There are 705 bingo clubs in Britain, of which market leaders Gala and Mecca (part of Rank) have 173 and 123 respectively. After two sizeable acquisitions, Top Ten now ranks third, with 23 clubs. But with only three other groups in double figures, there is no shortage of targets for Top Ten. And with Weston and his joint MD, Bruce Roberts, having over 20 years of experience in the industry - and deputy chairman Norman Weston having sold his first chain to Labrokes back in 1973 - the board knows where to look.



It also knows how to get revenues up after it has added a new chain. The five Welcome clubs in South Wales and the South West of England generated an extra 30% in their first year under Top Ten management. The seven Masons clubs in the North East are already producing 1 pound more per guest after nine months with the group. 'Across the group as a whole, an extra 2 pounds per head is equivalent to an extra 1 million pounds of revenue a year,' says chairman Sir Aubrey Brocklebank. 'And a lot of that drops to the bottom line.'

There are other gains from building an expanded chain. Increased buying power means the Welcome clubs are now paying 20 pounds a keg of beer less than when they were bought. The company gets national deals on gas and electricity and cheaper printing.

In the year to end-March, Top Ten more than doubled profits to 1.27 million pounds and came close to doubling earnings per share - to 0.29p. Preliminary estimates from the company's house broker, Charles Stanley, suggest a profit of 1.8 million pounds this year and earnings of 0.4p per share. But that still will not reflect the full impact of the Masons acquisition. Top Ten is engaged in a lengthy refurbishment programme for six of the clubs. One, Billingham, has been closed since it was acquired and is now the subject of a 750,000 pound rebuild. It is not scheduled to reopen until September this year.

Billingham will then be the second purpose-built 'flat floor' club in the group (most of the UK's bingo clubs are converted cinemas). The payback on the 750,000 pounds should be three years, says Brocklebank. There is no contribution anticipated for 2004, but it will clearly be a boost to the 2005/6 numbers. Two other refurbishments have started and will finish next month.

There is strong cashflow which should at least cover the refurbishment costs. Net debt stands at around 3 million pounds and there is an undrawn banking facility of 2.4 million pounds. Gearing is respectably low. Last year's 4.5 million pound share placing at 5p was substantially oversubscribed so Top Ten would have no difficulty tapping the market for more funds if another acquisition came along. Nor should it. It has been buying club chains for about five times earnings. That is not bad when your own shares sell for four times that rating.

There are still plenty of questions over how gaming deregulation will work when (or even if) it materialises. The Government is committed to introducing a bill but that could yet fall foul of a spring 2005 election. One thing looks certain. As envisaged, the new legislation would remove the 24-hour rule. This was introduced back in the 1960s and requires new members of bingo clubs (and not just casinos) to have joined at least 24 hours before they start playing.

With the threat of added competition from casinos much reduced, and plenty of growth to come from the existing portfolio of clubs - never mind acquisitions - Top Ten looks a good long-term bet. Buy.

Key Data

EPIC: TTH Spread: 7.5p - 8.25p Market: AIM Market cap: 30.6 million pounds

Les Copeland is Editor of Growth Company Investor. Every month the experts deliver six smaller company recommendations like this one. Share tips in 2003 rose by 44% - to find out how you can enjoy gains like these simply click here

cwa1
05/7/2004
11:14
JUST been tipped by tips.com as a buy......do not hold
zinco
20/6/2004
09:25
the price may rise short term due to ex dividend date july 7th
roger moore
19/6/2004
14:56
There was also a mention in the IC. Also recommended as a buy.
Although feel the right time to buy now may be before the next set of results,
as they may tread water until then.

guru11
17/6/2004
19:17
There was a small mention in the results section of Shares Mag today. Recommended as a BUY
aerotus
08/6/2004
15:37
Trades actually look about even roughly 420k sells v 390 buys.Unless there's a late trade lurking...
truckertee
08/6/2004
13:53
Certainly a red day - 20:1 sells even though small volume.
guru11
08/6/2004
11:09
Quite possibly. I'm concerned about the lack of support and have cut my holding right down and taken profits. Cant complain about 15% in four weeks, but I was hoping for a lot more.
goliard
08/6/2004
10:01
Will TTH go back to 7p?
negus1
07/6/2004
15:39
What a crazy day. I got TTH right by selling at the peak, but then pile it into BPRG on the announcement of great news at 90p, and it ends up down at 84p. The markets are very unpredictable!
aerotus
07/6/2004
11:12
It is the fundamentals though that will hold the price back,
especially short term, as there is some future growth already built into the price. Although long term the price will rise again. Seems to be a well managed Company going places. One has to remember that playing bingo is not too cheap either.

guru11
07/6/2004
10:53
Guru, I pretty much agree. The tax charge is only 26% and they do have several million (about 6 million) in property though, so it's not as high as it looks.

I've taken some profit as I'm disappointed at the lack of takeover news.

Still holding though.

Goliard

goliard
07/6/2004
10:24
A good growth company, but what may hold the share price back at present is the fundamentals. One must not forget what the current pe ratio is, and how much future growth is already built into the price, this is my only reservation with TTH. Capitalised at £22.7m with profits of £1.2m. If a 30% tax charge was applicable then the pe would be around 27.
guru11
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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