Share Name Share Symbol Market Type Share ISIN Share Description
Capital Bars LSE:CLB London Ordinary Share GB0001212132 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +£0.00 - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Capital Bars Share Discussion Threads

Showing 1 to 5 of 25 messages
Chat Pages: 1
Offer went unconditional today with 78% acceptances and the offer remains open until 31st Jan. However, Winterfloods appear to be happy to mop up any shares on the market at 25p and there seems to be a buyer at 26p. Anybody not accepted yet can therefore get 25p in the market (less charges) or hold on for any further developments !!!
Who is Mr A Conboy and what is he up to, if he exists!!!!. !l I get more than the 21p, seeing I am at 33p. Anybody in there!!!
ttt and i'm still angry
MBO offer 21p - it stinks and once again the private shareholder is being shafted. I am already a supporter of CATS now I suppose we will have to have C-BAG. This smells worse than a dead rat!!!!!!! Mr. Angry
Ive heard a rumour something might be about to happen with Capital Bars. After constantly falling for the last 3 years they perked up the other day after a cross trade of 2 million shares. They have recently sold up all their UK commitmemts to concentrate on the Irish side of the business. Maybe this makes them more attractive as an aquisition target. I know no more than this, just wondering if anyone else had heard anthing. This is the chart followed by the part of a recent statement. RNS Number:4172Q Over the last three years Capital Bars has successfully disposed of its non- core contract catering division, its major live music venues (the Shepherds Bush Empire and the Brixton Academy) and the Gaiety Theatre in Dublin. On 3 September 1999 the Company announced the acquisition of a number of bar/restaurant and hotel interests in Dublin . Following these acquisitions, the Group now operates ten bar/restaurants and three hotels in Dublin. In addition, the Planet Hollywood acquisition announced on 17 May 2000 completed yesterday, 4 September 2000. The venues which the Group has acquired and opened in Dublin have proved successful and now generate the major part of the Group's cash flow and profitability. The Directors believe that the buoyant Irish economy currently provides a favourable backdrop for the opening of further bar/restaurants and are confident of the Group's ability to complete attractive acquisitions and developments in Dublin . The Group is currently in advanced discussions to exercise the options (without payment of further consideration in excess of costsalready incurred by the vendors) over two further Dublin bar/restaurants in the course of development, which it acquired for nil consideration as part of the O'Dwyer Acquisition in October 1999. On exercise of these options, the Group will assume the rights and obligations of the O'Dwyers in respect of these two bar/restaurants and a further announcement will be made in due course. Following the opening of these additional two units, the Group will comprise three hotels, with a total of 212 beds, and 13 large bars/restaurants. This will include the greatly extended Cafe en Seine in Dublinwhich is due to reopen in spring 2001. The UK Bar/Restaurant Division has performed less well than its Dublin counterpart and the investments that the Group has made in Leeds and Peterborough have not proved as successful as the investments made in Ireland. In the light of this and the current overcrowded nature of the UK bar/restaurant market in general, the Group announced as part of its Interim Results on 13 January 2000 that the Group would now focus on exploiting its position as a leading leisure business in Dublin. It was also stated that, as a further decisive step in this process,the Group would market the UK business and realise the value inherent in those assets for reinvestment in Dublin. In immediate trading terms, the Disposal will eliminate the Group's exposure to the losses being incurred in the Division and also the need for the central costs associated with the running of the UK operations. The net proceeds from the Disposal will be used to repay the Company's sterling denominated indebtedness. Additional facilities have been agreed, partly conditional upon the Disposal, to be used in opening additional bar/restaurants and refurbishing existing units, in order to consolidate further Capital Bars' position as a leading player in the Dublin leisure market.
Chat Pages: 1
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