Clear Leisure Share Discussion Threads

[kevjones2] 16/10/2018 13:26

"It may be a rewarding game to trade CLP no doubt for some but its a dangerous one to be caught as one of those without a chair when the music stops! I got my seat in the theatre and not prepared to leave it and find someone else sitting in my chair when the main feature begins."

A vomit-inducing ramp but I'd like to know if, in the ridiclous analogy above (by counting dude, natch) are you playing musical chairs or are you at the theatre?

[counting cards] 16/10/2018 10:28

Nick

Read back what you wrote please mate. Using the "First one" means this particular converter was part of a bigger group. This is clearly not the case. They might be part of the 9.9m euro bonds as well, but we have to treat them as a separate entity in this particular "outstanding"(word used in RNS) conversion. I totally describe this conversion as nothing to do with the 9.9m euro bond conversion. They are two different bonds. We are still awaiting news on which way the bondholders will go, for official protocol. In our own opinons its a forgone conclusion and they will convert but it needs to be made official.

Again, the price of the conversion was 4p. You know that and I know that, but my query was why the company decided not to stick it on the RNS to help those find maths hard? Unlike you or me there are a few universally challenged individuals who don't bother to work things out and will miss what is a great opportunity.

The link is fine and clearly states 4p, but the RNS avoids that figure. Quick calculation from the figures on the RNS gives us 4p.

[nick rubens] 16/10/2018 09:41

"To say "first one already converted £64k worth." is misleading mate"

How do you describe it then? Are you saying this recent conversion at 4p had nothing to do with the recent bond restructuring terms?

"Did you notice as well that the price was not mentioned?"

Not on the RNS, but it was 4p wasn't it? See 5th Oct filing.

[counting cards] 15/10/2018 23:48

Nick I am slightly confused. The recent 2010 7% bondholder was not revealed to my knowledge. We know it was two bondholders and this bond is a separate bond from Euro 9.9m bond. To say "first one already converted £64k worth." is misleading mate. They are not from the group that are the latter bond mentioned by me. It may be EU are one of those 2010 converters, but then again they may not be. We were not told.

Did you notice as well that the price was not mentioned? Very interesting because most don't bother to work it price out.

The price has played out so many times in this area that traders are so confident they can jump in and out and it will remain here for them to buy back again. One day that is going to catch a lot of guard. Believe me I have seen that before. Its a rewarding game to trade CLP no doubt but its a dangerous one to be caught as one of those without a chair when the music stops! I got my seat in the theatre and not prepared to leave it and find someone else sitting in my chair when the main feature begins.

[nick rubens] 15/10/2018 19:03

The Majority bond holder is a majority shareholder, so they seem happy enough to try and get their money back via the equity route hence they agreed to the 4p terms in the Bondholder vote. First one already converted 64k worth the other day at 4p. I reckon more of that is to come ahead.


I'm surprised the share price has remained depressed since the bondholder meeting but Mediapolis could be to blame. I'm intrigued at what the next bit of news might be and from which direction it's coming in terms of company activity.

[induna123] 15/10/2018 16:36

Yep, that's about the only positive thing to happen here for a long time, but not for the bond holders obviously.

[nick rubens] 15/10/2018 15:02

Yes, i'm not a fan of the Bitcoin thing, but they were talking about an eventual IPO of the whole crypto enterprise. There could be something here in the future? I don't know.

They need to get the claims nailed and Mediapolis seems to have been pulled from them on the cheap. However the whole debt to shares conversion at 4p is a big value gainer overall.

[induna123] 15/10/2018 13:35

The whole bitcoin thing was a pure distraction play. They jumped on the the bandwagon when bitcoin hit $20,000 last year. I can remember numpties on here claiming it would hit $60,000.

Now currently trading at $6000 so it's unlikely they're making a profit from it.

[nick rubens] 15/10/2018 11:59

Looks like Mediapolis is going for 2m euros then. share price suggests so at the moment. No further appeal yet?

How much are the Villas worth as they are not part of the land sale?

Is there news to come at some point on the £2.5m plus a further £1.5m Sosushi claim? There was another one valued from, was it 700k to £5m, ( Fortune Cookie)..

Bit coin venture with an IPO in mind?

Anything else of potential value for CLP owners?

[comedy] 15/10/2018 08:14

lol if kevjames didnt have an ulterior motive he would post with clean language.

keep up the good work. keep share price low for others to discover clp before the value accreditation events:)

[counting cards] 13/10/2018 14:12

Well Temmmujin is your own record 100%? If it is you have my attention.

[temmujin] 13/10/2018 12:24

cawkwell was in oxus gold..hardly a reccomendation is it

[comedy] 13/10/2018 12:18

knigel in the rns released their are clues. just like working out the bondholding meetings reveals info using simple maths that the co. didn't supply.

[knigel] 12/10/2018 11:51

I can't see how 4p can happen before Christmas sorry. Even if ALL bondholders convert - remember there will be millions of extra shares in issue so the revised NAV will be somewhere between 1.2p and 1.5p according to my calculations. Obviously what may push the NAV higher will be a) the claims pending being successful b) the other assets having news c) the court decision on the land or the receipt of the first charge money. CLP is a longer term hold - sadly the OTT rampers are attracting the OTT derampers but nothing new

[comedy] 12/10/2018 11:46

well nr we can compare notes. my point is at least 4p in before christmas18. my clock set 7 weeks.

[k1ngkonggb] 11/10/2018 19:24

Fair point Nick. I appreciate your honesty and muggins here is set for at least doubling my money so anywhere between 1.6 - 2p will do me fine. Talk of 4p plus within the next year seems far fetched, thats if there isn't an RTO in the not too distant future.

[bulgarian] 11/10/2018 19:00

Agreed - EK is a gentleman - but he's got it wrong before (nothing unusual there), and not a reason to hold.

This is AIM, and this has been rolling along for years.

Not for widows or orphans perhaps.

[nick rubens] 11/10/2018 18:40

k1ngkonggb

I lost my faith in CLP on the Mediapolis result. I thought the land would be auctioned and fetch above the estimate of it's value and not half it's value to one bidder.

I'm now concerned about that 200k loan which means they are already commencing consuming future proceeds from the Mediapolis proceeds.

However the debt deal conversion adjustment is good news, but I don't know what the potential is anymore.

I may add on a very bad day but don't like speculative poker style 'trading' as it means I have to buy very risky shares and then Hope some event triggers a day craze and then have the bottle to sell (prior having to stay glued to the screen like a prisoner).

It's also easy to fall for the story of the day and stay in a share forever waiting for (in this case) the so claimed true 4p valuation, like I have done before and just watch it ride back down again.

The only reason I sold recently was because of mediapolis outcome, I expected much better.

Another plus point IMO, is that Mr S Cawkwell is in these. It doesn't mean it's guaranteed that he is right on CLP but I have a respect for that gentleman and his views.

[bulgarian] 11/10/2018 16:44

Out of interest - the topic header - did it ever 10 bag that week?

Seems to be a hell of a lot of uncertainty right now about this bond holder issue.

And a boat load of hubris from the rampers that it's all a fait accompli and all this debt will be wiped out.

So whys the share price in the weeds? Looks like some poor mugs will be down what 30% in a few short days..?

[k1ngkonggb] 11/10/2018 16:13

So Nick, at what price are you considering in furnishing your ISA with CLP shares????!!!!!

[nick rubens] 11/10/2018 15:50

The last spike didn't hold as we all know now, how low can this go and with Mediapolis more or less over with and going to some 3rd party on the cheap, what else is there to recover and what potential valuations?

Mediapolis outcome has been a big disappointment.

[counting cards] 11/10/2018 14:25

Now thinking about it, how about these?

253, 254
540, 540
6,666