Blacks Leisure Share Discussion Threads

[cockneyrebel] 19/7/2011 20:53

post removed - posted to wrong thread.

[strutt12] 19/7/2011 18:07

Quite a few shares changing hands here!!!!

[dafad] 18/7/2011 19:13

If you go to discount vouchers uk it gives you a 20% off discount code to use at blacks,when you go to the blacks site and order an item which is on sale.e.g an item which is already marked as having 50% off,you can also apply the 20% discount code .so in theory an item having a rrp of £100 can be bought for £40

[envirovision] 18/7/2011 12:20

Well I don't think you've missed much by going to their competitors as everything I've seen is cheaper elsewhere including at Go-Outdoors.

[somfawa] 18/7/2011 10:12

I notice blacks are still doing their best to confuse online shoppers who search for "blacks leisure". www.blacksleisure.co.uk takes you to a corporate site where you can't buy anything. It's not until you notice there is another site called www.blacks.co.uk that you find the shop. Until I came across that I honestly thought they had no e-tail shop and used to go elsewhere. Crazy.

[cockneyrebel] 16/7/2011 17:32

From Oct last year.



John Lovering's Go Outdoors emerges as suitor for Blacks Leisure
A fledgling camping retailer chaired by John Lovering, the former chairman of Debenhams and Somerfield, has emerged as one of the possible bidders for Blacks Leisure, the high street chain.

[cockneyrebel] 16/7/2011 17:28

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.

[baldeagle5] 16/7/2011 16:35

You here too Mr Cajones looking for the Loola Bounce?!!

[harrybigdick] 16/7/2011 02:08

Wandering if its worth a "shaggers punt" at circa 1p for the Dead Cat Loola Bounce

[man overbored] 15/7/2011 23:26

This has every hallmark of a busted flush, I'm sorry to say.

[chase] 15/7/2011 23:17

It may have recovered in the early 80s but that was a somewhat different era of retail, no online competition.

[she-ra] 15/7/2011 18:17

envirovision - It was once rumoured Halfords and Argos were interested in Blacks.

Although we know the most recent acquisition by Argos was the Habitat brand and three stores out of admin.

I wonder if it was true and whether they might review their position.

We were told bids did not value the company high enough.But we have know way of knowing how low or high these bids were.

Gillis says most of the stores are profitible.Glimmer of hope maybe?

[hyper al] 15/7/2011 17:37

she-ra

Blacks were listed in the early 80's, that was when I first looked at them (think it was 82), after a share tip from a Gibraltar based firm.

[cockneyrebel] 15/7/2011 17:07

I first bough BSLA in the early 80's @ 4p.

By the mid 2000's it was over £6.

Sadly I sold at 6p.

BSLA were in a worse mess in the early 80's but still got back to £6.

SPD have been on the acquisition trail - they hold 15% of BSLA.

CR

[envirovision] 15/7/2011 16:57

I'm looking for a decent pair of oakleys or similar for holidays. Go-outdoors have an excellent selection of sunglasses.

I note blacks have just one single pair of sunglasses on the entire site, a pair of Oakley Whiskers for £169.00 if that was not bad enough, Go-outdoors have these for £126.00

[she-ra] 15/7/2011 16:52

tez123 - Maybe a city scribbler has agreed to bring out the old "...on bid alert" line that is often used.

Lets just hope their suppliers dont have credit insurance removed for Blacks.

I think Pentlands small stake is interesting.They took it to stop Mike Ashley from taking over Blacks.Would they have to settle for Mike Ashley if it meant keeping a retailer one might consider important to its Berghaus brand?

[tez123] 15/7/2011 16:47

She ra,

My apologies i wasn't gloating at any holders misfortune with the drop it was said tongue in cheek at the irony of the timing of their sale.

For what it's worth i think these are a very good buy at this level.

Have a nice weekend.

[rougepierre] 15/7/2011 16:24

just closed out my position and made a quick £500 having bought at 9.3 and 8.75...have a good one! cheers

[envirovision] 15/7/2011 16:20

LOL though 50% off, guess it will help them pretend like for like sales improved at the end of the summer and blag a few bankers and pension companies during any fundraising.

I'm sure it would fool Standard Life they seem pretty stupid and seem to buy anything.

[clocktower] 15/7/2011 16:13

This caught my eye today due to the number of posts & in view of the type of posts I thought I would let you know that the store near me is very busy today. The sale has clearly attracted a lot of business. The store near me by the way is one of the top performers in the group.

[she-ra] 15/7/2011 16:08

tez123 -

"LMAO"

Is there any need for that?

[tez123] 15/7/2011 16:02

LMAO

With a further 20% instore discount next week