Blacks Leisure Share Discussion Threads

[clocktower] 06/1/2012 09:11

"isis - 6 Jan'12 - 08:31 - 647 of 651

They should make all the Directors live in one of their Tents."

Isis that is your best comment for donkeys years - LOL Happy New Year to you.
CT

[jpjp100] 06/1/2012 09:08

IMO...

SPD / Ashley - valid buyer

Edinburgh Woollen Mill - valid buyer

Pentland / JD. - valid buyer

Peter Jones - publicity seeker

[blueball] 06/1/2012 09:01

lol isis..

[football] 06/1/2012 08:58

Blacks Leisure has announced it is going into administration and suspended its shares on the London Stock Exchange.

The troubled retailer said its 306 stores, which employ some 3,500 staff, will continue to trade as normal.
But it said it expects to sell most of the business within "the next few days".
It is hoped that the deal will help it save many of the jobs by allowing buyers to cherry-pick its best assets, including the profitable stores.

Millionaire businessman Peter Jones has put in a bid for the Blacks group

However, some job losses are widely expected, particularly at its head office and warehouse in Northampton, which costs the company around £26m a year, including rent and wages.
A pre-pack deal - an insolvency procedure which sees a company being sold immediately after it has entered administration - would see most of its £36m of debt wiped out and its worst-performing stores closed.
The process is viewed as controversial because creditors do not have the opportunity to vote against the proposed asset sale - although the swift sale of the assets is necessary to enable the best price to be achieved.
The announcement comes a day after Sky's City editor Mark Kleinman revealed that four parties, including TV Dragon Peter Jones, have submitted bids for parts of the group, which includes Blacks and Millets stores and the Eurohike brand.

The outdoor clothing specialist, which has made a loss for the past five years, was put on the market last month after it failed in its efforts to find fresh investment - sparking a new share sell-off.
It was particularly badly hit by the warm Autumn - with poor demand for winter coats and boots - and previously said that it needed extra cash in order to "execute its strategic plans" and was considering new financing options.

[druinsky] 06/1/2012 08:33

Based on the level of final offers received and as previously foreshadowed in the announcement on 23 December 2011, no value will be attributable to the Company's ordinary shares.

[isis] 06/1/2012 08:31

They should make all the Directors live in one of their Tents.

[typo56] 06/1/2012 08:30

Suppose it makes sense to sell off stock at any price above that which bidders are prepared to pay for it.

[druinsky] 06/1/2012 08:25

just a thought Blacks administrators could dump a load of cheap stock on the market which will kill margins

[typo56] 06/1/2012 08:25

Refusing to recognise when you've got an investment wrong is a guaranteed way to lose more money. If you're not prepared to take a loss sometimes and move on you're in the wrong game.

[graham2405] 06/1/2012 08:20

Hyper

Give it up it's dead.

Temporary for now, it will then be delisted.

[typo56] 06/1/2012 08:17

Hyper - the first RNS was from the company, the second one is the official notice issued by the FSA. It's their standard wording.

[pwhite73] 06/1/2012 08:10

Hyper Al - 6 Jan'12 - 07:49 - 631 of 636

"Why does it say temporary suspension. So they are suspended for a temporary period. so they will be coming back."

Shares can only be suspended temporarily not permanently. Only a cancellation and delisting can be permanent.

[typo56] 06/1/2012 08:09

Hyper Al - you're in the running for the die-hard optimist of the year award.

I sense you've invested a lot of money and emotion in this one.

[druinsky] 06/1/2012 08:03

cracking news for JJB which is surging as less competition, JJB to the moon imho

[jpjp100] 06/1/2012 08:01

my offer of 1 small red balloon now looks too generous

let's see who gets the tastiest morsels of this rotting carcass

[simonhatter37] 06/1/2012 07:59

Hyper Al

If you honestly think Blacks are coming back you are a bigger fool than I first thought.

[moreforus] 06/1/2012 07:51

..might be coming back...but probably wont be coming back..unless we all go down to blacks and buy ALL their overpriced branded goods....

[simonhatter37] 06/1/2012 07:41

Thats it boys and girls.

Don't say I didn't warn you.

[moreforus] 06/1/2012 07:25

sale on!!!!