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BSLA Blacks Leis.

1.375
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blacks Leis. LSE:BSLA London Ordinary Share GB0001028322 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.375 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.375 GBX

Blacks Leisure (BSLA) Latest News

Real-Time news about Blacks Leis. (London Stock Exchange): 0 recent articles

Blacks Leisure (BSLA) Discussions and Chat

Blacks Leisure Forums and Chat

Date Time Title Posts
12/12/201823:52Blacks Leisure Group - Down, but far from out.702
07/12/201108:07BSLA-
05/5/201111:08Black's Liesure - gonna surprise with next statement?638
11/3/200816:53Blacks Leisure turnaround-
26/10/200709:01Blacks Leisure with Charts & News2

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Blacks Leisure (BSLA) Most Recent Trades

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Blacks Leisure (BSLA) Top Chat Posts

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Posted at 09/1/2012 17:15 by jpjp100
RIP BSLA

Sorry to shareholders, who end up with diddly squat.
Posted at 31/12/2011 17:54 by pwhite73
Hyper Al - 28 Dec'11 - 19:21 - 547 of 572

"it is unlikely that any value will be attributable to the ordinary shares. " is NOT the same as saying "as administration very close now"

It is exactly the same as saying administration is very close now. The stock is not allowed to be listed and traded on the LSE if there is no value to them. A low priced share and a share having no value are NOT the same.

A share price can be extremely low but still representative of the value of the company irrespective of whether the value is high or low. What is about to happen to Blacks Leisure is that the assets of the company are about to be sold off separately from the PLC. If this happens the listed shares will no longer be representative of the assets only the debt. Therefore the company by law had to advise:

"it is unlikely that any value will be attributable to the ordinary shares."

If this happens then the shares will most certainly be suspended, the PLC put into administration and the shares eventually delisted. If the company does not request its shares are suspended then the UK Listing Authority will certainly enforce a suspension. Basically shares cannot be listed if there is no business behind them. The only exception to this rule are officially recognised cash shells and even then there is a limited timescale as to how long they can be listed without an injection of a business.

An all out bidder or financial rescuer may yet emerge for Blacks but if not this share will most certainly be delisted.
Posted at 31/12/2011 15:19 by typo56
strutt12, people with deep pockets loose small change sometimes and you shouldn't read too much into what they do. Look at what happend at DTZ recently. Or how the Bill Gates Foundation sank more and more into JJB. As I said some days ago, it certainly wouldn't surprise me to see the share price bounced by the perma optimists, ....followed by administration.
Posted at 28/12/2011 19:21 by hyper al
Sir Rational

RNS states

"Based on the level of indicative offers received, it is most unlikely that any value will be attributable to the ordinary shares. "

"it is unlikely that any value will be attributable to the ordinary shares. " is NOT the same as saying "as administration very close now"

Do you agree that the shares could drop to a nominal value in relation to the share price at the time of the release of that RNS, but not go into administration?

What does the share price have to do with going into administration?

The company is trading! and the banks are obviously OK with it trading, so negative comments are without foundation.
Posted at 28/12/2011 12:47 by typo56
If Data Explorers have the number of shares on loan for BSLA as just 8,000 it just goes to show how inaccurate it is and/or how meaningless it is as an indication of active short positions. I personally know a number of short well in excess of that, including my own!
Posted at 23/12/2011 10:00 by typo56
I hardly think that the opinions of non holders (or for that matter short holders) on this thread have cost people their jobs and money. A falling share price is the consequence of a failing company, not the cause. The opinions of the non holders on these threads are often more accurate that those of the holders. If anything, it is the holders who post over positive opinions that cost people money.

Next on the agenda are CC. and possibly MJW. Perhaps even DEB? Anyone got a feel for them?
Posted at 22/12/2011 20:05 by she-ra
Hyper Al - Whats 1-2p premium on the current share price in the grand scheme of things?

And if you think JD Sports are just into sports then you might find it interesting that they bought Cecil Gee not that long ago.
Posted at 08/12/2011 10:59 by strutt12
Clocktower

Someone forgot to tell Mike Ashley!!!!

Mike has wanted Blacks for some time now, the only problem is the suppliers don't want him, although if he can be in control from behind the scene it's a win win????
Can you remember when he ran his own companies share price down to 30p??? they were the day's to make lots of money and now I've got a bite of the cherry yet again!!!!!!

DYOR IMHO
Posted at 07/12/2011 09:50 by sir rational
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December 6, 2011 10:00 pm

Sports Direct offers lifeline to Blacks
By Claer Barrett, Retail Correspondent
Sports Direct, the company founded by Newcastle United owner Mike Ashley, has proposed a joint venture with struggling outdoor retailer Blacks Leisure which could give the business a greater chance of refinancing £40m of debt by reducing its cost burden.

The biggest shareholder in Blacks, with a 21 per cent stake, Sports Direct has proposed sharing its existing warehousing, supply chain and IT capability with Blacks, according to people familiar with the situation.

Offered as an alternative to Sports Direct supporting an equity raising, Blacks would pay Sports Direct a fee for running its back-end operations. This would be substantially less than the cost of Blacks running its own facilities, which are too large following a company voluntary agreement in 2009 when it shed 101 stores.

Blacks would continue to run the front end of its business and manage supplier relationships with premium outdoor clothing brands, which had previously expressed concern about the prospect of a Sports Direct-led takeover because of its reputation for discounting.

Two weeks ago shares in Blacks plunged 14 per cent in a single day after the retailer warned that full-year profits would be below expectations due to poor trading and "continuing downward pressure on consumer spending". The retailer has been seeking £20m of fresh equity to revamp its 300 UK stores and convince lender Bank of Scotland (part of Lloyds Banking Group) to refinance its £40m banking facility before its February year end.

Although the potential cost savings could reduce the amount of equity Blacks needs to raise, it would not resolve its underlying balance sheet issues. Neither Blacks nor Sports Direct would comment on the discussions.

Sports Direct's intentions will come as a surprise to many in the retail sector. After mounting a failed takeover bid for Blacks in 2010, Mr Ashley snubbed an equity raising last April. In light of the chain's current difficulties, many retail analysts had believed Sports Direct would wait for Blacks to become insolvent, then try and pick up its assets through administration.

In August, Sports Direct used its influence to oust Blacks chairman David Bernstein, who resigned a week after incoming chief executive Julia Reynolds took up her post. Peter Williams, the former Selfridges chief executive and non-executive of online retailer Asos, was subsequently installed as non-executive chairman.

The Sports Direct board have been impressed by Ms Reynolds, a former Tesco director and chief executive of Figleaves.com, and believe she can turn round the chain, according to people close to the company.

Following a series of profit warnings, the Blacks share price has fallen over 90 per cent in the past year, leaving the retailer with a market capitalisation of just over £3m.
Posted at 16/7/2011 17:28 by cockneyrebel
She-ra - you're wrong again. When I say I bought BSLA in the early 80's I did, I don't make it up - it was the first share I ever bought.

I repeat this from above post No 87 below. I don't hold a massive amount - if these went bust I wouldn't even feel it so take this post in that context and that these are risky to say the least - but then where does anyone get £200m sales and 300 stores for £13m. A CVA like JJB did twice would get the rents down - would 300 property owners argue in this climate? Not many other tenants about for them.

"Interesting to see GO Outdoors raise £30m for expansion.



That's nearly double BSLA's market cap - With BSLA about to go back into profitability soon now would make a great time for GO to make a bid imo. And it also says this:

"In April, chairman John Lovering stepped down after only nine months in the job. The company was rumoured to have made a bid for troubled retail group Blacks Leisure, but nothing was taken up"

Also interesting:

"Private equity firm 3i took a 25 per cent stake in GO Outdoors last month, with former Tesco director Colin Holmes taking over as chairman. So the new Chairman there is a former Tesco man and the new boss at BSLA is a former Tesco woman Julia Reynolds - shouldn't have no trouble liasing then at least.

Seems Holmes and Reynolds are part of the Tesco brain drain and left roughly together:




So 3i take 25% of Go Outdoors. Go Outdoors raises £30m for expansion. former Tesco director Colin Holmes gets put in place at Go Outdoors. Meanwhile former Tesco director takes charge at Blacks. Both happen within three weeks of each other.

Go Outdoors previously rumoured to have approached BSLA with a bid.

Perhaps I'm putting two and two together but I'm happy to be holding with that in the background.

Oh and BSLA have been in bid talks before and the rumoured bidder was Go-Outdoors.
Blacks Leisure share price data is direct from the London Stock Exchange

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