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ULG Ultimate Leis.

157.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ultimate Leis. LSE:ULG London Ordinary Share GB0007456139 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 157.00 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 0 157.00 GBX

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Ultimate Leisure (ULG) Top Chat Posts

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Posted at 19/9/2007 08:58 by lbo
They seem to be trading ahead of estimates



Ultimate Leisure Group PLC is a genuine recovery story taking place on-market, according to Paul Hickman of KBC Peel Hunt. The additions of Prohibition, Bel & The Dragon and Living Room move the company forward substantially on its development strategy, he said.

The integration of these brands has still to be fully executed, but this, Hickman says, marks the company's rapid rotation from dependence on the late-night market in the north-east of England to significant food and the premium market, as well as national geography.

On the acquisition of The Living Room, Hickman upgraded year to June 2008 EPS by 75 pct to 4.2 pence, on pretax up from 0.9 mln stg to 2.4 mln. This, he says, includes the effect of the placing, share based payments, and option dilution. Looking forward, the analyst expects to see continuing momentum with acquisition activity, and looks for further productive synergies from the acquisitions already made.

Meanwhile, for the year to June 2007, he predicts pretax profits of 0.1 mln stg, down from 1.4 mln, for EPS of 0.4 pence against 3.5. No payout is forecast.
Posted at 25/5/2007 13:12 by lbo
21.05.07 :+6, (213.5) company's 8.75m acquisition of Bel & Dragon food-led pubs has prompted broker KBC Peel Hunt to lift its earnings estimates for the bar operator. KBC Peel Hunt raised its pre-tax profit forecast by 33% to 1.2m and its earnings per share estimate to 3.2 pence on the back of Bel & Dragon's contribution to future earnings. The acquisition shows the company is looking to diversify out of premium bars into other areas of growth. The broker maintained its 'buy' rating on the stock. Ultimate Leisure said its four new pubs are expected to deliver earnings before interest, tax, depreciation and amortization (EBITDA) of 1m for the financial year to June 24. The company added that it was actively looking at other acquisitions. The broker said the purchase of Bel & Dragon from Gourmet Holdings represents a "relatively small first move on the investment of the companys 75m war chest." "It demonstrates that the scope of expansion is much wider than merely premium bars such as Prohibition, including a range of concepts that have a strong food offer," said KBC Peel Hunt. Ultimate Leisure currently operates around 30 bars mainly in the North East of England.
Posted at 22/5/2007 13:20 by lbo
Well the price is now £2.20. The market has a nasty habit of transfering wealth from the impatient to the patient.
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 21/4/2007 18:32 by jeffian
Eh? What "sour grapes"? I came out at 285p in Aug 05. The discussion we had previously was whether to 'follow the Reuben Brothers in' in Feb 06 at around 266p or wait until their strategy was revealed. After the placing at 169p, that strategy duly gave them around 38% of the company at an average cost around 217p - still slightly underwater but with a significant stake which they couldn't have acquired at that price in the open market and with trading at the operating level now stabilised to provide a good platform for growth. A good deal for them, maybe, but how "those who have kept faith and supported the company" in the way you suggested "have been rewarded" eludes me - they're either 22% down if they followed the Reubens in Feb 06 or 4% down if they 'averaged down' at the very bottom in Nov 06, whereas I can still stroll in on Monday and scoop up a few for less! As you said last September: "I suspect we will see their "strategy" soon and then we can have laugh about "timing"". Quite.

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 19/10/2006 16:12 by jeffian
Hmmmmm......looks like Mr. Rowlinson didn't cut the mustard.



To those who think that the presence of rich men and 'active funds' on the shareholders' register signifies untapped value for all shareholders, have a look at EUC (Peter Gylenhammer played the part of the Reuben Brothers there). Unless you know the agenda of these people and understand their end-game, it's a dangerous game to play. For example, one might be relaxed about paying 250/share for a 29.9% stake if it put you in pole position to pick up the rest for next to nothing. "They are different to you and me, the rich" (misquote, probably!); they are in this for themselves and certainly will not be looking out for the interests of other shareholders.

In the meantime, to lose one's new(-ish) Business Development Director at this stage looks ominous at the operational level so let's hope
a) that there is some good underlying asset value left there and
b) the Reubens don't snaffle it from under shareholders' noses.

Regards, Ian
Posted at 03/11/2005 09:51 by jeffian
You still there, Ju? See report in the Times today (repeated by AFX on the 'news' tab above) that ULG have bid 170p for Inventive Leisure. I know management has changed at ULG but it's an interesting concept that a troubled group whose management have been hammered following an unexpected profit warning should feel it has a case to take over a rather well-run bar chain. It would have been nice to see if the new boys can manage what they've got before applying their skills to others! Share price doesn't seem to have reacted on the rumour but as it involves gearing up those nice freehold assets, it's possible that such a deal may depress ULG share price rather than increase it in the short term. (?).

Regards, Ian
Posted at 24/7/2005 20:15 by nghomi
Firstly I found the quality of current posting very high and I must admit that I am not 100% digesting what has been said! I have bailed out for a while now with a small profit. I think directors would have been still holding if they thought this was going to be acquired.

Secondly, I am sorry but I have to say that I don't understand what is the relationship between ARG and ULG. As you say, DD has had voting power in aggeregate of just under 30% (ARD) for more than 6 months. They obviously have not taken over ARD yet! If the same thing repeats itself, then the chances are that ULG share price will be significantly lower than the current price in six months time. Perhaps DD is obliged to invest their spare cash in companies such as ULG (property rich) rather than keeping it in the bank?

Thirdly, are you saying that DD and Cantor are also associates? Hence, you are saying that they have passed the 30% magic number? If so, shouldn't they have said so in one of these RNS's? How long can they keep this in secret as far as the AIM rules are concerned? (If they are associates, they have passed the 30% magic number for several days now!)

Fourthly, what is the significance of 3.6% holding of Man Financial Limited? This is too complicated for me. I'd rather just watching than doing any action:-)
Ultimate Leisure share price data is direct from the London Stock Exchange

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