Clerkenwell Ventures Share Discussion Threads

[currypasty] 08/7/2008 17:22

RNS Number : 6088Y
Clerkenwell Ventures PLC
08 July 2008


Clerkenwell Ventures plc
("Clerkenwell Ventures" or "Company")

Director Shareholding

The Company was informed on 8 July 2008 that Paul Campbell, a non-executive director of
the Company, acquired the following ordinary
shares of 5p each in the capital of the Company ("Ordinary Shares"):

Date Ordinary Shares Price per Ordinary Share
7 July 2008 5,000 28.00p
8 July 2008 60,000 29.25p

Following the purchases Mr. Campbell now holds 1,005,020 Ordinary Shares, representing
1.22 per cent. of the Company's issued share
capital and total voting rights.

[nickcduk] 08/7/2008 12:31

I think CRK have pretty much stated what the position is at present.

'Following shareholders' approval for the Company to continue its stated acquisition strategy at the Company's AGM on 30 April 2008, we have continued to evaluate a number of businesses which could be reversed into the Company. We are continuing discussions with several parties and will update the market when appropriate.'

I think that pretty much sums up what they are doing. We just have to wait for them to do a deal. I realise that there are shareholders who have been waiting a long time for CRK to do a deal and who are likely to be nursing losses. I can understand why some of you might be frustrated at progress. Im a relative newcomer having picked up my shares at below 25p last year so don't nurse the same grievances. Im happy enough for them to take their time and pick a decent reversal. If they don't find one by next year then they will have to return the 35p cash. Its a win-win situation in my eyes.

[diamond1] 08/7/2008 12:12

I'm sure you make a good point nick but wouldn't it be nice if they told us that's what they are doing. However, on that basis and with my view of where share prices are going in the next twelve months (Down.) we may have a long wait yet.

[nickcduk] 08/7/2008 10:52

Not at all worried about price movements in CRK until they find an acquisition target. When they do the share price will respond sharply. Those who are complaining about the board dragging their heels should be grateful that they didn't make an acquisition when valuations were much higher. Now we will be in an ideal position to snap up a bargain at the bottom of the cycle rather than the top. In the meantime the cash pile and NAV grows.

[diamond1] 08/7/2008 10:36

The old, old story Curry. Someone knows something but they ain't telling us. Still, up's better than down, especially in these market conditions.

[currypasty] 08/7/2008 09:28

up a penny on the bid, no trades showing yet

[currypasty] 07/7/2008 14:53

now up 7%.. could be just a few buyers, or could be the long awaited aquisition time will tell.

[currypasty] 07/7/2008 11:24

Interesting 'bounce' i was just looking at them this morning thinking they were looking a little cheap, someone beat me too it.

[myopia] 29/6/2008 23:20

What's the betting, that after all this time looking for an acquisition, they balls it up and make a completely naff one!

[gilston] 21/6/2008 09:53

In the Placing Document of 4th Aug. 07, the company gave an undertaking that, if no acquisition was made by 28/2/09, it would call a general meeting to consider whether to continue or wind up & return funds to shareholders.

I suspect management has its hands rather full at present dealing with Clapham House Group.

[nickcduk] 17/6/2008 14:29

On the upside they didn't make an acquisition during the boom times for the sector. If they had I doubt the share price would be much higher than where we are now. Ideally placed to make an excellent cheap acquisition.

[currypasty] 17/6/2008 13:52

29 October 2004

CLERKENWELL VENTURES ANNOUNCES DETAILS OF #3.9 MILLION SHARE
PLACING AND ADMISSION TO AIM

Clerkenwell Ventures today announces details of its admission to AIM:

Highlights:
- Placing price: 7 pence per share
- Number of Placing Shares to be issued: 55,714,286
- Number of Ordinary Shares in issue on Admission: 68,911,145
- Market capitalisation following the Placing at the Placing Price: #4.8 million
- Strong institutional investor base

Expected timetable:
- Admission and dealings in Ordinary shares to commence on AIM today
- CREST accounts credited today
- Dispatch of definitive share certificates by 5 November 2004

Clerkenwell Ventures' strategy is to acquire established, high-growth businesses
of scale in the leisure sector which have been and can be expanded by organic
growth and/or acquisition.

The Company has a very experienced and ambitious management team who have a
number of potential targets under review across the leisure sector. However, it
is anticipated that any acquisition will have its own dedicated and experienced
executive board.





nearly 4 years on, and no aquisition ... not that 'ambitious' then !

[currypasty] 28/4/2008 17:05

sorry, cant make it.. Will be interesting if we see any trades thursday though!

I would guess some shareholders could be getting impatient, its nearly eight months since they coughed up £25 million, at 37.5p.

Now 25p bid, or equivalent to £8 million down... its alot of cash down!

[gilston] 28/4/2008 16:47

A.G.M. this coming Wednesday. Anyone going along?

[diamond1] 31/3/2008 15:56

Talk of opportunities in "The next year." will have spooked them. Institutions need money now so they are selling stuff that is unlikely to perform in the near term.

[currypasty] 31/3/2008 10:00

left it till the last minute to put results out!

23m mcap, 29m cash

market discounting the cash for some reason, cant see why!

[currypasty] 31/3/2008 09:58

RNS Number:1321R
Clerkenwell Ventures PLC
31 March 2008


Clerkenwell Ventures PLC
("Clerkenwell Ventures" or the "Company")

31 March 2008

Unaudited Preliminary Results

The Company is pleased to announce its preliminary results for the year ended 30
September 2007. The annual report and accounts for the year ended 30 September
2007 ("Accounts") will be posted to shareholders today and will be made
available on the Company's website. A notice convening the Company's annual
general meeting at 10 am on 30 April 2008 at Suite D, 2nd Floor, 1 Lindsey
Street, London, EC1A 9HP is also included in the annual report and accounts.

Highlights:

*Net cash as at 30 September 2007 of £29.2 million (2006: £4.3 million)
*Loss before taxation for the year ended 30 September 2007 of £78,000
(2006: Profit of £51,000)
*Net assets per share as at 30 September 2007 of 35.2p (2006: 31.1p)
*Net cash today of £29.6 million

David Page, Chairman, commented:

"In line with the rationale for the Company's fundraising in September 2007,
deal flow and opportunities have increased and the Company has evaluated a
number of possible investments and acquisitions since September 2007. Valuations
across the leisure sector have been substantially impacted and vendor
expectations are adjusting to the more challenging market context. Consequently,
we have been more selective in the transactions we are pursuing and this has
lead to the Company withdrawing from several negotiations where valuations were
considered unrealistic.

We believe that the next year will present interesting opportunities to acquire
quality businesses with high growth potential at attractive prices. We also
believe that the trading environment is likely to lead to the opportunity to
make follow-on acquisitions.

Contacts:
Clerkenwell Ventures plc
David Page, Non-Executive Director 07836 346 934
Stefan Borson, Corporate Development Director 07824 638 553

Seymour Pierce Limited
David Newton / Nicola Marrin 020 7107 8000

Hogarth Partnership 020 7357 9477
Julian Walker

[currypasty] 26/3/2008 08:19

shouldnt there be some results due, before end of month ?

[hugepants] 26/3/2008 07:35

A few more cash rich companies:

VLR trading at 50% of cash.
BRST trading around cash and profitable.
FPS trading well below cash.
TTS large pile of cash (and undervalued property) profitable this year

Any more worth looking at?

[organstop] 25/3/2008 20:34

Hello, hello, anyone there?

[nickcduk] 21/2/2008 14:16

I am guessing its just rumours of a potential target being found. Not a lot of volume though so not sure how much credence that theory has.

[diamond1] 21/2/2008 14:04

Sudden spike up today. Any ideas why?

[moob] 17/2/2008 11:13

i believe this is what crk wanted and failed to buy.

The trendy chain of pool halls, The Elbow Room, has been sold to Inc Group, a restaurant company with several venues at the O2 Arena in Greenwich, east London.

Terms of the deal are not being disclosed.

[diamond1] 07/2/2008 09:02

Curry, nice trading report from DRV this morning. Five new contracts.