Clerkenwell Ventures Share Discussion Threads

[currypasty] 20/9/2006 09:12

ask down a tad today... probably a delayed sell, someone got bored waiting ?

[sunworshipper] 19/9/2006 12:32

found this. list of shares below cash

[currypasty] 05/9/2006 12:20

grass has stopped growing, anyone got any 'weed and feed'

[diamond1] 16/8/2006 16:50

Sorry Curry, it's worse than watching grass grow.

[currypasty] 16/8/2006 08:39

no trades yet ??? keep watching !

[diamond1] 16/8/2006 08:36

Curry,

Everyone loves an optimist. All that's happened today is the MMs have widened the spread by putting the "Offer Price" up. No trades as yet.

I hold and think we may have a winner here. Be patient.

[currypasty] 16/8/2006 08:24

another little tick up, classic double bottom formed, hopeful of progress back to 9p

[currypasty] 08/8/2006 10:30

any interest here today ?

[pizza3] 07/8/2006 19:52

curry

msn?

[currypasty] 07/8/2006 19:47

well, it wasnt the 809 share buy clearing them out !

[diamond1] 07/8/2006 19:21

Thanks Curry. Nothing NEW then?

As usual the MMs hear things first. I wonder what they have heard to reduce the spread twice today.

[currypasty] 07/8/2006 16:43

diamond...


10/07/2006
"All of a sudden, shell companies are coming into their own. That is the view of David Page, the founder of Pizza Express who chairs AIM-quoted Clerkenwell Ventures and is trying to find a home in the leisure sector for its £4.3 million of cash."

Page proclaims 'we are more cheerful than we have been for months' and says Clerkenwell expects to decide on a suitable deal soon. He argues the market for shell deals has 'hotted up' because alternative financing routes for companies have lately become harder.



as for the news, nothing to do with crk... afn/lse sometimes mess up news/ticker

[diamond1] 07/8/2006 16:39

Curry,

Which deal?

And what has Comstock resources got to do with CRK? See NEWS above?

[currypasty] 07/8/2006 16:22

2 more ticks up today, chart shows nice double bottom... quick bounce back to 9p, once the 'deal' is firmed up ?

[currypasty] 28/7/2006 10:33

that offer didnt last long, back to 5.5p now, on no reported trades... mm's happy to take them at 4, but not as keen to sell them !!

I went to an AGM (PNG/PET) yesterday, so missed the dip, or i would have added a few more!

[spooky] 27/7/2006 14:19

150,000 on offer at 4.75p,hope someone can make sense of it,i definitely can't.

[currypasty] 25/7/2006 10:14

10th July

"Page proclaims 'we are more cheerful than we have been for months' and says Clerkenwell expects to decide on a suitable deal soon. He argues the market for shell deals has 'hotted up' because alternative financing routes for companies have lately become harder. "



bring it on !!


£3.3m Mcap, £4.3m cash in the bank

[currypasty] 18/7/2006 08:43

Snapshot

David Page is a restaurant entrepreneur whose expertise lies in the chain format. He cut his teeth with PizzaExpress, which grew profitably from 23 branches to more than 350 under his stewardship. He is now seeking to repeat this success with the three restaurant brands acquired by his latest venture, Clapham House Group, of which he is chairman.




Career guide

A trained teacher, Page started his restaurant career as a dishwasher at a franchised PizzaExpress restaurant but by 1976 he was managing director of the brand's largest and most successful franchise group.

Page played a major role in PizzaExpress's flotation on the London Stock Exchange in 1993, when his franchise group merged with the newly-listed company. He rose from managing director to chief executive (in 1996) and chairman (in 1998). Page led a management buy-out bid in late 2002, but was outbid by Capricorn Ventures International and TDR Capital in June 2003.

Five months later, in November, he and former PizzaExpress finance director Paul Campbell raised £15m on the Alternative Investment Market (AIM) to fund their new company, Clapham House Group. In just over a year the group had bought three fledgling London-based brands to develop – the Real Greek Food Company, the Bombay Bicycle Club and Gourmet Burger Kitchen.

What we think

Page quickly proved his mettle as PizzaExpress's largest and most profitable franchisee. He was also instrumental in PizzaExpress's successful flotation through the reverse takeover of the publicly-listed Star Computer Group and the pizza chain remained a stock market darling for nearly 10 years.

But by 2002, PizzaExpress's winning offer of authentic, thin-base pizzas after the 180-year-old Neopolitan style was coming under increasing pressure from upcoming rivals such as Ask. As profits started to fall and the share price plummeted to around 245p, the company was besieged by takeover approaches.

The most high-profile offers came from past and present directors. All, however, lost out to a consortium headed by Nando's owner Capricorn Ventures International.

Undeterred, Page linked up with PizzaExpress finance director Paul Campbell to create Clapham House Group, which he describes as an incubator for new chains who will benefit from the cash injection and economies of scale that Clapham House can provide. "We are a support vehicle for existing management and are an alternative to venture capital," he told Chain Leader magazine in early 2005.

Focusing on the full-service, mid-spend casual dining market, Page examined all styles of popular cuisine except pizza and pasta, which he felt was dominated by four players – led, of course, by PizzaExpress. He opted for a three-strong Greek chain, a company with one Indian restaurant and five home delivery units, and a burger company with six restaurants.

In 2004, Page founded Clerkenwell Ventures, an investment vehicle for high-growth leisure businesses, including hotel management contracts and health and fitness clubs. He also has a stake in Urban Dining, a restaurant company set up by former PizzaExpress directors Glen Tomlinson and John Metcalfe.



Source: CatererSearch

[currypasty] 17/7/2006 10:12

This has been listed on AIM nearly 2 years now, and they have just had one failed deal. The market has punished the price dramatically to the point where the mcap is 3.6 million, yet they gave 4.3 million is cash, a clean listed shell, very low overheads, and strong institutional support. a quick tot up of the rns's suggests about 60% held by institutions, including HSBC, framlingtons, who are recent buyers.


In addition, when the company listed, there wasonly a small number of shares issued other than at the 7p listing price, hence only a handful of founder shares, and anyone buying recently are in cheaper than the IPO.

They are obviously looking for the right deal, and so IMO, it will be a good one, as there must have been plenty of dross toturn down in the 2 years.

IMHO they are a good buy, and hold at 5.5p

[currypasty] 14/7/2006 11:01

RNS Number:2130G
Clerkenwell Ventures PLC
14 July 2006



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

Holding in Company

The Company was informed on 13 July 2006, that AXA S.A. has an interest in 8,458,571
ordinary shares in the Company, representing 12.27% of the entire issued share capital
of the Company, (an increase from 11.87% as previously notified).

The shares to which the notification relates are registered as follows:

Nominee/registered name Name of Company/Fund Ordinary shares

HSBC Global Custody Nominee (UK) Framlington HSBC 8,458,571
Limited

[spooky] 03/7/2006 16:57

I see 15,000 shares traded today,perhaps the heavy volume is a sign that a deal is imminent :-o)

[best mook in town] 30/6/2006 08:37

Clerkenwell Ventures H1 pretax profit narrows

LONDON (AFX) - Clerkenwell Ventures PLC said it is looking at a number of
potential deals and has been approached by businesses as it announced a
narrowing of pretax profit at the interim stage.
A statement from the company said, given its AIM listing, clean balance
sheet and 4.3 mln stg net cash balance, it offers an ideal IPO route for small
to medium-sized growth companies.
Pretax profit for the six months to March 31 2006 has narrowed to 31,000 stg
compared with 50,000 stg in the same period in 2005 while operating loss widened
to 67,000 stg compared with 29,000 stg in 2005.
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[best mook in town] 30/6/2006 08:37

Hey results look good!

great cash position and profitable, thought Id writen these off but could be quite interesting........