|Top Ten Holdings
||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Real-Time news about Top Ten Hldgs (London Stock Exchange): 0 recent articles
|tyranosaurus: I can`t believe there has been no news since 15/4/08.
Surely the directors ought to put out an RNS about the collapsing share price.
It`s a disgrace that they can sit by and do nothing.|
|8 ball: Given the interim results and a new guy in charge of the finance.
I think costs will have started to be reduced, plus no divedend to pay.
I suspect we are looking at break even in the full year set of results.
How would break even set of results change the share price.|
|tyranosaurus: No trading updates since Nov 21- that`s almost 4 months ago - that`s when the share price was double what is is today.
Let`s hope they do a Pre Close trading update (last year Mar 28).|
|goliard: Incredible slide in this share price. If the market wasn't in so much trouble I have no doubt that somebody would be bidding for TTH given this ludicrously low share price of 22p. Amazing to think that they successfully resisted a bid of 120p not that long ago. I can't help think that somebody must be running the slide rule over TTH and am quite tempted to buy back in. Things would need to be pretty bad for a market cap of £5m to be justified.|
|goliard: I bought back into this last week as I think the sell-off is now overdone and there is a good chance of a rebound. The comments above re the property portfolio are correct and provide a solid backing for the company. The NAV alone justifies a rebound from this price back to about 100p. After that the results will need to be positive to drive the share price back to the 120-130p mark.
Hedgehunter's and ADR05's comments are absolutely right and although I don't have much faith in the management looking after smaller shareholders, they are clearly incentivised to grow the shareprice. As there is no sign of any management willingness to release information and keep investors informed I believe that we may well see Private Equity looking at this company again and potentially even the management looking to take the company private.|
|hedgehunter1: The company did a slae and leaseback on part of the portfolio to castlemore, which was available to buy three weeks ago. Rang the compnay and told them to buy it back, to create value, as it was being sold on a 7% inital yield and had major redevelopment potential.
The sites have now gone under offer to AN other party, who is in discussions with management.
The management frankly are crooks, who fail to communicate with shareholders.
Have rung brokers to get updates on trading, as Rank are in the press,and Directors now buying back shares.
Have tried to ask company what steps it's taking to offset smoking ban, and how they could repostion the company by either redeveloping sites, or create other leisure uses, to enhance value.
What I don't get, is as the directors own circa 70%, the share price melt down is hurting them most.
As mentioned before, the minor shareholders, need to create a stink, and ask why the company is not keeping shareholders updated.
The company has some fantastic sites, and if they were put up for auction, it would be fantastic for everyone!
Read the tangible assets and see where the main value is held, bearing in mind the sites are held at the lowere of cost, or realisable value.|
|8 ball: From the RNS it would appear that the offer was above the current share price.
Board of Talarius considers would have delivered excellent value to the
shareholders of Top Ten.
However it may have been in Talarius shares and not all cash.
With a third party also in talks we could have a nice little bidding war here ?|
|8 ball: Thanks for the good input ADRO5.
They have issued more shares as the group as grown that don't help the share price.
I see a good increase in turnover but the profit will take time to come thru.
The new clubs need a full years trading before they show true value to the bottom line.
The new clubs I assume need money spending on them too.
Still think the share price will be much higher in a years time.
Also Ladrokes have plenty of cash following the sale of Hilton hotels.
Bingo will fit in well with the new company as it does with Gala and Corals..|
|adr05: A couple of new changes have taken place over the past few months within the company.
I dont know if anybody plays bingo but il try to explain it as easy as possible.
All the new clubs purchased by top ten have joined the link games. For instance out of a 25p ticket previously 15p was going to the prize money and 10p to the club. because of the increase in clubs the company has kept prize money around about the same but has increased the amount going to each club by about 6-7p. This will see an increase of around 60-70% in profits on the link games.
Another change has been the introduction of cash bingo link, this is the bingo that peoplee put money into the slots and use the boards on the table. all clubs are now linking up at numerous times throughout the night which has seen an increase in profit.
As said in a previous message im expecting a huge increase in turnover and profits this year due to a full year of trading from the walkers clubs.
Top ten had a turnover of £13m last year
walkers had around £10m turnover itself
Apollo had a turnover of £3m
Bravo had a turnover of £2m (i think)
plus top ten bought a club in tonypandy this time last year, not sure of the turnover but made profit of around £200,000.
Profits this year will be way up on last year but profits have increased every year with no real improvement in share price.
anybody have any ideas why?
is it due to the fact that there are not many shares in issue?|
|adr05: End of the financial year 31st march.
Top ten made £1.6m pbt last year and will make between £2.5 & £3m pbt this year (maybe even more)!
plus more acquisitions are in the pipeline. and online gaming is being looked at which is big money.
only 11 clubs owned 4 years ago and the company know has 44. this share is undervalued!
Results will probably be out around early june, im expecting a rise in the share price.|
Top Ten share price data is direct from the London Stock Exchange