Clear Leisure Share Discussion Threads

[apfindley] 21/9/2017 09:20

Jones. I've got a sandpit and buried some rose tinted glasses in it. Would you like to help find them. Meanwhile, the market knows this is all priced in at present, or it would've risen higher. Stop listening to the insane ramping antics of the likes of multialias temmujin pillow. He has a history of "mates in the know" "heard in the city" "mate says news in the morning" "this will fly, news coming" "worth 100p"None of it ever bears fruit. Oh well you all take your chances, but temmujin is worth stearing clear of.

[timbo] 21/9/2017 08:36

At the AGM the BOD agreed to try and keep shareholders informed more regularly not withstanding the fact that negotiations take months and can be delicately poised before conclusion. That would be particularly the case if this was secondary debt on Mediapolis...so my take on the increased announcements would be less cynical. I believe it's a BOD trying to keep shareholders in the loop as far as possible...

[apfindley] 21/9/2017 08:10

No but even those wanting the price to go up must admit that the company are making a proper meal of this news. Releasing with several rns's over a week or 2, rather than just serving an rns when it's all done. Smacks of a board trying to ramp up the price by releasing loads of news about the same thing rather than one rns at the end.

[p@] 21/9/2017 08:00

what are the terms and conditions of the new secured loan?

[knigel] 21/9/2017 07:50

No - Just that this Is a good news day = ok? Still work ahead but this "new" BoD have made great progress so far.
As for Eufingest - not sure if they can convert ALL the loan with exceeding % limit of share issue to trigger a bid - and sure that company are looking at ways of repaying this loan to avoid substantial dilution.
Shareholders try to look at the positives..
So why do you only look at the negatives? (wanting to buy in lower/short?)

[fire2480] 21/9/2017 07:50

Always nice to see some deramping finney , and how long have you been a holder ? Must admit temm was right . You are !!

[apfindley] 21/9/2017 07:44

Today's news.... ".... creditor agreeing to a settlement of a EUR4.3million (GBP3.8 million) debt owing by Mediapolis SpA, at discount of 88.3 percent of the face value. This equates, on a consolidated basis, to a significant improvement in the Group's balance sheet of approximately EUR3.8 million "Ok so the balance sheet several days ago showed current liabilities of around €20million.This news removes €3.8m of those liabilities, at a good discount, but still at a cost.... .... But what about the other debts and liabilities? Are we closing our eyes and pretending those other debts dont exist? .

[apfindley] 21/9/2017 07:31

"In May, the Company agreed with Eufingest to consolidate all the outstanding loans into one convertible facility of EUR2.475 million repayable by 28 April 2020 (the "Consolidated Loan"). The Consolidated Loan carries an interest rate of 1 per cent and is secured by certain of the Group's assets. At any time before 28 April 2020, the Company may repay the Consolidated Loan without penalty and Eufingest may convert the Consolidated Loan into shares at the rate of 0.89 pence."

[apfindley] 21/9/2017 07:30

Already marked down ready for opening lower.

[knigel] 21/9/2017 07:30

Great it's funded by a secured loan and not a share placing! 1.5p s/b tested today..

[apfindley] 21/9/2017 07:29

What about the €2.4m outstanding Eufingest loan notes convertible at 0.89 and secured against company assets upto €5m. You fail to mention all these liabilities. If you check the results issued several days ago you will see at 30june there are still €20mill of CURRENT LIABILITIES. How many millions of shares will still need to be issued to sort out the remaining debts and the balance sheet? This news does not have shareholders in mind, it is about sorting out the company finances to secure its future. Read the news again... And there is NO certainty of an agreement.

[doc robinson] 21/9/2017 07:25

All coming together a bargain at 1.2p

[qs99] 21/9/2017 07:12

will it push CLP nearer 2p? Hopefully makes end of Sept judgement they state more likely to be favourable? DYOR

[temmujin] 21/9/2017 07:10

Clear Leisure Plc Debt Settlement

21/09/2017 7:00am
UK Regulatory (RNS & others)


TIDMCLP

21 September 2017

Clear Leisure plc
("Clear Leisure", "the Group" or "the Company")

Agreements for EUR4.3m of Mediapolis Debt Position and EUR500,000 Secured Loan

Further to the announcement of 19 September by the Company of its settlement
negotiations with creditors of its subsidiary, Mediapolis SpA, the Company is
pleased to announce that it has now exchanged letters with a creditor agreeing
to a settlement of a EUR4.3million (GBP3.8 million) debt owing by Mediapolis SpA,
at discount of 88.3 percent of the face value. This equates, on a consolidated
basis, to a significant improvement in the Group's balance sheet of
approximately EUR3.8 million (GBP3.36 million or 1.07p per share).

Completion is expected in the next few days.

The Company is financing the acquisition of the debt with a EUR500,000 secured
Loan from a UK private company.

Francesco Gardin, Chairman and CEO of Clear Leisure, commented, "This
agreement, following ten months of complex negotiation, represents an important
result in the Company's strategy of restructuring the Group's debt and
ring-fencing of assets. During the past 18 months' the Company has negotiated
discounts of EUR7.5 million on debt, equivalent to an average discount of 80%.

"The Board is of the opinion that this debt purchase significantly strengthens
Mediapolis's case to have the winding-up petition dismissed, when the Ivrea
Court reconvenes on 29 September.

[qs99] 21/9/2017 07:09

creditor deal done....

[temmujin] 21/9/2017 07:09

BOOM! debt settlement! read the RNS findley you looseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeerrrrrrrrrrrr!

[apfindley] 20/9/2017 23:42

Lol. Yes its really ten bagged for you. Oh hold on, the rest of the market has done research, unlike you, and realise there is around 20million of "current" liabilities lurking in the books.

[temmujin] 20/9/2017 12:31

im out at 15p

[daicaprice] 20/9/2017 12:05

Moving nicely again now.

DC

[casablanca44] 20/9/2017 00:25

Hopefully TYRU will come good at last DC. My average is 4p to break even. Also CLP as well.
Best..

[induna123] 19/9/2017 13:09

Took a punt here yesterday. I'll be happy to see 2p on the run up to 29th.

A lot of interest here now, it'll be popping up on a lot of people's radars.

[longshanks] 19/9/2017 12:17

I think your exhaust has blown