Addleisure Share Discussion Threads

[wowyea] 09/8/2005 16:22

lqs, why do you say that? or are you a dell fan

[lqs] 09/8/2005 16:20

tiptornado, Are you one of the directors who bought shares at 5p? Thats the only reason I can think of for anyone pumping this stock. On fundamentals and information in the public domain this company is dire and overvalued by a long way.

[shirishg] 09/8/2005 16:16

Post removed by ADVFN

[wowyea] 09/8/2005 15:55

warrants LOL

[wowyea] 09/8/2005 15:53

so when were the warrents issued

[dell314] 09/8/2005 15:17

wowyea - One of the fundamental principles of financial reporting is that the accounts are compiled on a "going concern" basis.
This basically means that, using directors forecasts for sales, liabilities etc etc, that the company is in a position to meet it's financial obligations of the next 12 months.
Interims aren't usually subject to auditor sign off but for the annual accounts, directors will have to satisfy auditors that they have sufficient cash(or borrowing facilities) to meet all liabilities, as they occur over the next 12 months.
The timing of the warrant conversion(only days before the end of the annual reporting period) leads me to suspect that ADE needed that cash to demonstrate that they were able to cover forthcoming liabilities.

All IMHO, DYOR etc.

Rgds
dell

[wowyea] 09/8/2005 14:32

Dell why did they need the cash to be able to sign off the accounts?

[dell314] 09/8/2005 14:18

Mark - FWIW, I think the directors had a dilemma:

1) ADE needed additional cash to sign off the full year audit as a going concern. If they merely wanted to signal confidence, they could have made much smaller market purchases, so I think it is reasonable to assume that the cash was raised out of necessity.

2) The share price has been on an almost continual slide since flotation, so placing at current share price would be unlikley to do anything to halt the decline in value of their own holdings.


By converting warrants rather than the more usual route of discounted placing they have reversed the share price decline and, as majority holders, they have given their much larger existing share holdings a massive boost in value.

Quite clever IMHO, although I doubt that they will be able to sustain the share price at these levels without some tangible figures forthcoming to back up the valuation.

All IMHO, DYOR etc.

Rgds
dell

[wowyea] 09/8/2005 13:27

mark...dell wont agree with you. but i do

[wowyea] 09/8/2005 13:09

trig

there is no point in ansering dells questions as he just says the same old rubish every time he opens his big mouth. and even if I did anser his aquestions he would just rubbish the answer and he always does. he just deramps everything he sees rising, he does it for fun.

[mark c graham] 09/8/2005 13:09

Dell314,

Don't you think that the directors must believe that the stock justifies a market cap of #5m plus? After all, they just put in cash equal to 10% of that capitalisation at 5p per share. Yes, I agree that that exercising the warrants was equivalent to a fund-raising, but it would seem clear that the individuals that are closest to this business see enough potential to invest a further sizeable portion of their net worth.

Maybe there is a pump and dump overlay here, but that is independent of the directors purchases.

[trigsta] 09/8/2005 13:00

ADDleisure says knows no reason for share price rise

LONDON (AFX) - ADDleisure PLC, which invests in the leisure, health and
fitness sector, said it is not aware of any reason for the recent rise in its
share price.
ADDleisure said it does not have any unpublished price sensitive
information.
At 12.30 pm, ADDleisure shares were down 0.36 at 3.32 pence.
[e-mail]

this is going to tank, another pump and dump stock....lock in profits now people dont get taken for a ride.....is anyone going to answer dells very good question?

T

Lock in profits NOW

[wowyea] 09/8/2005 12:48

This was tipped, but not tipped heavily, hence the price we are at today.
For no other reason in my opinion, other than that the company is not "well known" so to speak.
Back in November when the stock was 6.75p, this small article came out.

At your leisure

"WHEN somebody has set up a company from scratch and made a success of it, then it makes sense to hold on to his/her coattails when they try again, particularly in a field they know.

It makes even more sense when you are backing not one, but two people who meet the above criteria, which is why investors should keep an eye on ADDleisure which started on Aim this week.

ADDleisure is the brainchild of Allan Fisher, former chief executive of Holmes Place (Princess Di's favourite gym) and David Turner, the man who founded LA Fitness."

[wowyea] 09/8/2005 12:05

dell , what is your problem with a share rising on specultive demand, do you have some kind of chip on your shoulder when it comes to rises in shares, maybe you should go over to ult or hho board as they are being ramped way more than this.

[wowyea] 09/8/2005 09:56

r33, this will be volotile, ny suggestion and its only my view is not to sell when the price ticks down, after watching this it tends to bounce back from any falls quite easily.

there is a real stock shortage hence any small buys will push it up 5% easily

[dell314] 09/8/2005 09:56

Wowyea - I haven't seen a single post from you stating any sensible reason why this stock justifies a market cap of £5mln+

It has been worked very effectively by a pump'n'dump group and if their past record is anything to go by(TCH, FLG, ENT, URA etc), it will fall just as spectularly when they start moving out....

Rgds
dell

All IMHO, DYOR etc.

[r33skyline] 09/8/2005 09:40

wowyea

I nearly sold yesterday ,checked the limits @15.13 before doing so and couldn`t believe the numbers ,then it ticked up so now holding

Someone must have a large buy order that cannot be filled in one day !

[wowyea] 09/8/2005 09:31

r33 yes agree this could go alot higher today

[r33skyline] 09/8/2005 09:26

Bid 4x greater than bid ,these could go higher today ....

[wowyea] 09/8/2005 09:17

this one is going up now and will rise slowly untill results time to get in , ignore dell he like to deramp shares for fun

[wowyea] 09/8/2005 09:16

you dont hold anything apart from your ....... no bottle and no investments just a complete idiot. lost all his money in the dot com boom, now bitter ...go on the ult thread im ramping that too....maybe the pnd crew will do the same there, as i am LOL

[dell314] 09/8/2005 08:48

LOL!

I wouldn't like to be holding this when the pump'n'dump team start selling out.....

Rgds
dell

All IMHO, DYOR etc.

[wowyea] 09/8/2005 08:35

ready for another run up today. slow start but all it needs is a few buys and this will will take off again towards 10p

[r33skyline] 08/8/2005 15:46

Offer now 75K

[wowyea] 08/8/2005 15:41

comming back now, should start to gain again now