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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ultimate Leis. | ULG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 157.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 157.00 | 157.00 |
| Top Posts |
|---|
Posted at 23/4/2007 09:44 by jeffian Not really. The point is to make money, surely, and the essence is in timing - a point about which you were rather dismissive back in March 06 ("(will side with the Barclay bothers over Jeffian on this one!)") when the price was over 250p vs. 207p today. I didn't think it was a 'buy' back in 06 when the Reubens were stakebuilding and I was right. That's not 'pedantry'. I doubt anyone following them in then has done anything other than lost value so far and the only people to have made a modest profit are new investors who caught the very bottom in November (and not very many of them, looking at the trades). Regards, Ian |
Posted at 12/2/2007 18:27 by lbo Ultimate Leisure, the Newcastle-based late-night operator, has announced it is to raise £25m by way of a conditional issue of shares as it looks at a number of acquisition options.The company said it intends to issue 14,792,900 new ordinary shares of a price of 169p per share, which will be acquired by Reuben Brothers and the Dawnay, Day Group, its two largest investors. The investment would increase the interests in relevant securities of Ultimate of each of Reuben Brothers and Dawnay, Day to more than 30%, the level at which the Takeover Code normally requires a general offer to be made to all shareholders. However, the Panel on Takeovers and Mergers has agreed to waive this requirement if shareholders, other than the Reuben Brothers and Dawnay, Day, approve on a poll 'whitewash' waivers at an Extraordinary General Meeting to be called in due course. Ultimate said that it believes it has now reached the stage where more substantial acquisitive growth may now be contemplated and it is reviewing a number of acquisitions. Mark Jones, chairman of Ultimate, said: "With the repositioning of the business through an extensive investment in refurbishment, marketing and training, largely completed we are now looking to take the group forward to the next stage of its development. "We are delighted that our major shareholders have demonstrated their confidence in our plans." Last week the company acquired the "The Cotton Factory" bar and lounge in Huddersfield from Daisy Chain Inns for £3.3m, taking its estate to 36 sites. The company also reported a 1% increase in like-for-like sales for December. |
Posted at 22/1/2007 13:23 by lbo Well the market seems to like it and its moving up. If they wanted to take it over they would have done so by now but they have not!Ultimate Leisure to raise 25 mln stg via placing; reviewing acquisitions LONDON (AFX) - Bar and nightclub operator Ultimate Leisure Group PLC said it plans to raise 25 mln stg by conditionally placing 14.79 mln shares at 169 pence each with its two largest investors, Reuben Brothers Ltd and Dawnay, Day. The company said Reuben Brothers will acquire 7.76 mln shares and Dawnay, Day 7.03 mln, adding the price is a 5 pct discount to the stock's closing price on Friday. Ultimate Leisure said the the placing raises the stakes held by Reuben Brothers and Dawnay, Day to above 30 pct, the level at which the takeover code normally requires a general offer be made to all shareholders. However, the company said the Takeover Panel has agreed to waive this requirement if shareholders, other than Reuben Brothers and Dawnay, Day, give their consent at an EGM, which will be called in due course. Ultimate Leisure added it is reviewing a number of of acquisitions and Reuben Brothers and Dawnay, Day have indicated they would support a new equity issue |
Posted at 26/9/2006 17:18 by arthur_lame_stocks Some interesting names on the register. Are the Reubens property investors. I know Dawnay Day are. The interest from these people and the private equity bods may be due to the possibility of seperating the operating business from the property portfolio. That´s pretty classic private equity behaviour. |
Posted at 16/3/2006 17:07 by boldbidder bought some today on the basis that David and Simon Reuben are not passive investors. They will shake this company up. They already own wellington pubs and will have something in mind for this business. may even see them paid to go away |
Posted at 09/2/2006 09:13 by andyh69 The Investment ColumnUltimate Leisure could yet be another Reubens' masterpiece Edited by Michael Jivkov Published: 09 February 2006 Ultimate Leisure could yet be another Reubens' masterpiece Over the past few months the billionaire Reuben brothers have been steadily building up a stake in Ultimate Leisure through contracts for difference. On Tuesday the duo converted these derivatives into actual shares and now control 29.9 per cent of the bars and nightclubs group. To say they are shrewd investors would be putting it mildly. They made their fortune in the 1990s by setting up a metals trading business in Russia and selling it to Chelsea owner Roman Abramovich. They have been busy reinvesting their money in the UK and have built up a substantial property portfolio. Ultimate's property backing is clearly the main reason for their interest in the company. At yesterday's closing share price of 266p the group is valued at £65m. But its property estate is worth £80m. This ascribes a negative value to Ultimate's operating business which last year registered sales of £36m. Admittedly, since then trading has deteriorated greatly. However, its managers have a clear turnaround strategy. They intend to reinvest in the group's rundown estate and build up a series of brands. Ultimate has a strong balance sheet, so it should have no problem financing these reforms. In fact it has promised to continue paying dividends. The group's management already have quite a reputation for reviving down-on-their-luck bar operators. They led the renaissance of Yates a few years ago and eventually sold the group on to a private-equity firm. Ultimate's asset backing means there is little downside in its shares, and once trading starts to pick up they should start to motor. Investors would do well to follow the lead of the Reuben brothers and buy. Source: |
Posted at 27/8/2005 19:09 by frizsand In Fridays issue: Investors Chronicle rate the share "Good value" now that Mark Jones is Exec Chairman, they state that he will bring back stability to the group, and is well repected. They believe that his leadership will help clarify the groups future direction. They say whether the group is put up for sale or takes advantage of consolidation is yet to be seen.But despite the uncertainty they still think they are good value at 295p. |
Posted at 05/8/2005 12:04 by jeffian Ju,"But today's loss is tomorrows gain..." LOL! The cry of confused investors everywhere! f2, I'd heard rumours of a MBO long before the profit warning but surely the 'powers that be' would take a dim view of the Rankin family dumping shares....so they could buy the whole shebang back cheaper?! The FSA are already supposed to be looking into the circumstances of the share sales prior to the profit warning and I wouldn't have thought they would want to do anything untoward while the spotlight's on them. For those reasons, I doubt they'll be involved but who knows...? Regards, Ian |
Posted at 16/5/2005 00:48 by jeffian This from the Sunday Times:"The Sunday Times May 15, 2005 Investors push for Ultimate shake-out Louise Armitstead and Matthew Goodman A GROUP of top institutional investors is plotting to arrange the sale of Ultimate Leisure, the AIM-quoted nightclub and bar company, from under the feet of its management. Scottish Widows, Artemis, Gartmore and Standard Life, the four biggest shareholders, secretly approached the company's broker and asked it to sell the Newcastle business after losing confidence in the management. Investors are angry after revelations that one Ultimate director and the chairman's brothers sold shares in the group just weeks before a profit warning. A source close to the company said: "This management has lost all credibility." Tim Wynn, development director, sold 100,000 shares at 308p on April 13. After the April 29 profit warning the shares plummeted to just over 240p. They closed on Friday at 249p, valuing the firm at £62.5m. Stephen and John Rankin, who founded the business with their brother Allan, the chairman, have sold the bulk of their stakes. Stephen had 2.9m shares, about 12% of the group, but on March 29 Ultimate said he no longer had a "notifiable interest" in the business. A notifiable interest is 3% or more. John Rankin held 1.6m shares. Ultimate announced on March 22 that he no longer had a notifiable interest in the shares. Ultimate has denied that either Wynn or the Rankins knew of the profit warning when they disposed of their shares. The company faces questions from the Financial Services Authority about the directors' dealings." |
Posted at 08/5/2005 18:59 by money multipier Sunday TelegraphFSA to examine Ultimate share sales By Edward Simpkins (Filed: 08/05/2005) Ultimate Leisure, the Newcastle-based pubs and nightclubs operator, is facing questions from the Financial Services Authority into share sales by a director and the brothers of the chairman effected within weeks of a profits warning. Shareholders in Ultimate Leisure were shocked by the profits warning issued on 28 April, which wiped 17 per cent off the value of the company. They have demanded explanations from the board as to why the share sales took place. A spokesman for the FSA said: "We don't comment, but as a matter of routine we would look into unusual share movements or allegations of insider dealing." A statement by the company 12 days ago warned that a competitive trading environment, lack of development opportunities and slippage in its refurbishment programme meant that market expectations of profits for the year to June 2005 would not be met. The announcement knocked the company's share price. However, on April 13 the company disclosed that Tim Wynn, the development director, had sold 100,000 shares at 308p, worth £308,000, leaving him with just 34,850 shares. Following the profits warning the shares fell to just over 240p. Ultimate Leisure was set up by Allan Rankin, the executive chairman, and his brothers Stephen and John. Recent records show that Allan owned about 3m shares or 12.35 per cent of the company, Stephen owned 2.9m shares and John held 1.6m shares. Over recent months, Stephen and John have sold the majority of their holdings. On 29 March the company announced that Stephen no longer had a notifiable interest in the group. A notifiable interest is 3 per cent. On March 22 Ultimate announced that John Rankin no longer held a notifiable stake and that Scottish Widows Investment Partnership held just over 5 per cent. It also appears that, at about the same time, Standard Life increased its stake in the group to 5.68 per cent. Bob Senior, the chief executive, who spent Friday visiting Scottish institutional investors with Allan Rankin, said: "Obviously, we got questions from investors and we explained to them that everything was done within Aim guidelines." He denied that either Wynn or the Rankin brothers were aware that a profits warning would be issued when they sold their shares. "There was no impropriety," he said, adding that he would be offering a fuller explanation this week. "There is a huge presentation. It takes more than an hour to deliver, and you need to hear it all to get a full understanding of all the factors." The role of Brewin Dolphin, Ultimate's financial adviser and broker, could come under the spotlight. Brewin Dolphin recently placed shares in Ultimate with its institutional clients. A spokeswoman for the broker said it was unaware that the company was about to issue a negative statement. "We are comfortable that we observed best practice throughout," she said. "All share sales were signed off by the chairman and the board." Allan and Stephen Rankin are close business associates and also own more than 50 per cent of Metnor, the £40m engineering and services group, which is run by Stephen Rankin, the chief executive. |
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