Clear Leisure Share Discussion Threads

[maxmarilli] 19/6/2017 16:02

3.3 mill buys vs 270k sells

[daicaprice] 19/6/2017 16:00

Can anyone see trades today? What sort of volume have we had.

DC

[maxmarilli] 19/6/2017 15:36

looks like word is getting around....

[longshanks] 19/6/2017 12:56

Vauch. The meeting is not a CLP shareholder meeting but a Mediapolis srl shareholder meeting.You own shares in Mediapolis indirectly through your CLP holdings but not directly and hence you would be unable to attend.There will be a CLP AGM (or should be) in the near future - and you should be given sufficient time to plan your attendance and statement.

[mrphiljones] 19/6/2017 11:38

Brando talking of casinos how is your spin sorry investment in AST doing?....

Vauch who's your beef really with here the current BOD or the 'mate' who lead you in here?.....

[vauch] 19/6/2017 11:12

Hi Beekeeper

I sold all my nominee shares in H-L account I have the certs still
Bur a lot less exposed.

[vauch] 19/6/2017 11:10

I was also disappointed that the meeting was set at such short notice as I wanted to stand up and place a vote of no confidence in current management.

[vauch] 19/6/2017 11:08

I will say that the land when sold off for not a lot after liquidation has a payment back to clp of £5 mill so I am told.

A far cry from the original price expected and member that the director will get 10% as the asset will be on the books at zero.

[brando69] 19/6/2017 11:04

casino time

[maxmarilli] 19/6/2017 01:12

please read LSE,BB.....excellent informative posts by RKB......this week should be a very important week for CLP and it`s Share price....GLA,max

[longshanks] 16/6/2017 08:16

I don't know how much the BoD can be congratulated just yet. Mediapolis srl is a majority owned subsidiary and to have a winding up order issued upon it is uncomfortable. It may be that the asset has been secured and the court process will be concluded quickly without the order being enforced, but there is no guarantee. Any enforced disposal will see pretty much all value in CLP disappear, so until we have clarity, doubt and fear will reign.If as part of this process though - the company can press remaining creditors into accepting a >70% write down - then they will have done something worthwhile.

[rkbeekeeper] 15/6/2017 09:01

Hi Vauch

Sorry to see you are out (but your Thread will go on for a few more years)

The AGM relates to Mediapolis, not CLP. We have to receive three weeks’ notice of our AGM, so you could always come along as you will still be a shareholder with your paper share certificates.

Not many PI have carried out proper research on our Company, but I have and I have said on many occasions that Mediapolis was the key to basically why we are going to be rewarded.

F Gardin & R Eccles have achieved some excellent work on our behalf.

From today’s RNS it is a formal procedure that has to continue. It is my opinion that Mediapolis will not be wound up. I also believe that further debt will be bought back at a substantial discount. Our BOD has six business days to negotiate with the Banks and it is my experience that Bankers are so cautious that they have to take “a bird in the hand” rather than wait years to get something. This actually improves CLP’s (and Mediapolis) position greatly as there will be less debt attached to the project and it could be the tipping point to get things actually built.

Italian Banks like the Spanish Banks are in some severe distress. When F G can facilitate debt buy-back on 10/05/17 of Euro 3.14 million at 76.15% it really does show you his excellent negotiating skills.

I remain fully invested, not selling and looking forward to our own AGM in London in late July when I will be able to personally congratulate F Gardin & R Eccles on their sterling achievements.

RKB

[maxmarilli] 15/6/2017 09:00

longshank....that is another claim for 39 mill euros....

[longshanks] 15/6/2017 08:13

Wasn't it the city of Turin that they were seeking damages from over their failure to complete on planning permission?

[rkbeekeeper] 15/6/2017 07:53

Excellent RNS

F Gardin is on record for stating that the BOD intend to develop the Mediapolis assets to become income generating. This was and still is in my opinion key as to the BOD’s true direction that they intend to take our company. You will recall that Mediapolis has been written down in value last year by another Euro 7 million to its present book value of Euro 13 million. In April 2013 the previous BOD had the land valued at Euro 47 million but decided to discount this by 25% and included the new value in our accounts as Euro 35 Million.

We go from Euro 47 Million to 35 million to the current value of 13 million. One advantage of this is that on paper we generate substantial ‘Tax & Capital Losses’ (which is advantages for a future shell company)

Then when you look in detail about the court case regarding the delay in planning permission, legal documents had to be filled and The Tribunal more or less came up with an accurate value of the assets and debt which was net value of Euro 23,600,000. This is further confirmed in the RNS 2/02/15 which stated the profit before tax of Mediapolis was Euro 7.4 million and shareholder equity net of all debt of Euro 24,346,116. This is about £20,937,659.

Then let us assume that the debt buy-back last September (23/09/16) of Euro 1.3 million at 76% discount was in connection with Mediapolis. This will improve the net asset value of Mediapolis but there was an increase in Eufingest Loans to facilitate this. Then there was the debt buy-back on 10/05/17 of Euro 3.14 million again at 76.15% (this alone improved our balance sheet by 0.7p on our current share price and our share price did not move at all!) Again even though debt has been bought back we required an additional loan from Eufingest.

Note: Before the Debt buy-back on 23/09/16 debt outstanding to Eufingest was £610,00 and after the 10/05/17 the outstanding debt to Eufingest was Euro 2,475,000 (or about £2,128,500) so Eufingest Loans have increased but our subsidiary debt has decreased by Euro 4,440,000 (1,300,000 + 3,140,000) or £3,818,400 The net improvement is about £1,689,900. This can be added to the net valuation of Mediapolis = £22,627,559 (£20,937,659 + £1,689,900)

Now todays RNS says clearly that the BOD have legally ring fenced the Mediapolis Site. Nobody can say what the outcome of the hearing on the 23rd June will be but what I conclude is that F Gardin & R Eccles have done sterling work in securing the Mediapolis Land for CLP Shareholders and it appears to me a win-win situation as we get the land unencumbered and it is worth Euro 13 million.

RKB

[p@] 15/6/2017 07:52

Mediapolis srl is also required to call a shareholder meeting, scheduled for 21
June 2017, to approve its 2016 accounts and discuss the winding up petition and
possible further financing by its shareholders.

[mrphiljones] 15/6/2017 07:31

Lol I'm was supposed to leave for Manchester airport at 7.30 but the yanks are running three hours late,why whatever shares you own news ALWAYS comes on a day your busy with something else?....:-)))

[daicaprice] 15/6/2017 07:27

Looks like €5 guaranteed but they are negotiating for more? I'm on my way to Bristol airport at 8am so could have had a better day for an update.

DC

[mrphiljones] 15/6/2017 07:18

Finally about to see behind the curtain let's hope our wait will have been worth it.....:-)

[daicaprice] 15/6/2017 07:08

Update out.

DC

[longshanks] 12/6/2017 17:31

"another couple of weeks and we'll be to see what's behind the curtain and no more guessing..."I didn't put you down as one of the resident fantasists Phil. Does this make you a sad boyo from the dark valleys digging for gold with just a spoon and a feverish gleam in your eye?

[mrphiljones] 12/6/2017 16:01

Hans can you read,I'd have thought a man of your trading prowess would know what the term 'scalping' means......

[brando69] 12/6/2017 14:22

you think that trades of £100 are holding this share back from a 45% rise? Hmmm