Discover Leisure Share Discussion Threads

[barnetpeter] 22/4/2009 15:57

dont chase and pay more than 1.3p for this. The m's will push the price way down and will now keep a huge spread.

Games up for disl for the mo. Good luck.

[harmoye] 22/4/2009 15:56

"As discussed in the Company's full year results to 31 August 2008 (announced on
23 December 2008), the Company's lending banks indicated that they remained
supportive of the business and had renewed the Company's banking facilities for
a twelve month period.

This is good news, the banks support disl and they are experiencing an evident increase in sales as season begins.

[harmoye] 22/4/2009 15:48

I've just purchased another 100,000 shares. The banks believe in disl and thats fine by me.

Just stop and read rns again.

[harmoye] 22/4/2009 15:44

Knitcraft cool it. Seasonal pick up, and banks backing the business.
Just the backing of the banks is worth a 4p share price at the minnimum !

[harmoye] 22/4/2009 15:41

Funding
"As discussed in the Company's full year results to 31 August 2008 (announced on
23 December 2008), the Company's lending banks indicated that they remained
supportive of the business and had renewed the Company's banking facilities for
a twelve month period. The Company was recently declared in breach of its
Adjusted EBITDA banking covenant, however the Company continues to hold
constructive discussions with its lending banks in relation to refinancing
options. These options are being vigorously evaluated by the Board with the aim
of putting in place a revised and sustainable capital structure. No decisions
have been taken at this time."
Further announcements will be made as appropriate


Banks supporting disl.

[harmoye] 22/4/2009 15:38

"During March and April 2009, the beginnings of a seasonal uplift in demand have
been evident however low levels of consumer confidence continue to make it very
difficult to predict the outcome for the full year to 31 August 20


"Seasonal uplift in demand evident" and banks backing the company.

[knitcraft] 22/4/2009 15:30

The price now equates to £1.65 bid, £2.10p offer.

How bloody ridiculous.

[knitcraft] 22/4/2009 15:26

I have over 1mill to sell. Average price 1.1p. Cant get a bid for 100k.I will give up trying until the spread narrows and we get back to normal.

[barnetpeter] 22/4/2009 15:24

Burnt fingers or what. This is why I sold some this morning. Every time a small cap rallies it seems it is forced to issue an RNS like this.

[5dally] 22/4/2009 15:23

Nothing goes up in a straight line and never wrong to take a profit on the way up. this will recover in time IOM, anyone getting in at this level will do ok in the long rum

[knitcraft] 22/4/2009 15:22

B......s MM`s. No volume at all now to sell AH!!!!

[5dally] 22/4/2009 15:20

"


|
)





TIDMDISL

RNS Number : 9949Q
Discover Leisure PLC
22 April 2009

FOR RELEASE
ASAP
22 April 2009


DISCOVER LEISURE PLC
("Discover Leisure" or "the Group")
(The specialist caravan and leisure industry retailer)




Statement re: Share price movement


The Board of Discover Leisure notes the recent movement in the Company's share
price and makes the following statements.


Current Trading


"On 30th January 2009, our AGM statement highlighted the continuation of the low
levels of demand in our market during the four months to December 2009.
Despite this weak market, group sales were in line with expectations but at the
expense of lower than budgeted margins. Since the AGM statement statistics from
the National Caravan Council have indicated that demand for new Tourers, Motor
Homes and holiday homes in the UK has fallen much further behind last year and
this has further impacted the Company's results.


"During March and April 2009, the beginnings of a seasonal uplift in demand have
been evident however low levels of consumer confidence continue to make it very
difficult to predict the outcome for the full year to 31 August 2009.


"Further information will be provided in May 2009 when the Company announces its
interim results for the six month period to 28 February 2009".


Funding
"As discussed in the Company's full year results to 31 August 2008 (announced on
23 December 2008), the Company's lending banks indicated that they remained
supportive of the business and had renewed the Company's banking facilities for
a twelve month period. The Company was recently declared in breach of its
Adjusted EBITDA banking covenant, however the Company continues to hold
constructive discussions with its lending banks in relation to refinancing
options. These options are being vigorously evaluated by the Board with the aim
of putting in place a revised and sustainable capital structure. No decisions
have been taken at this time."
Further announcements will be made as appropriate

[knitcraft] 22/4/2009 15:18

Hard to sell any quantity now. Seems only thing is to try and get out now with at least a profit albeit much smaller than this am. Will take a while before these have another run up, maybe July / August.

[hartlepoolfc2] 22/4/2009 15:17

Statement totally contradicting all the sales (25%) on Google News and optimism. Plus they have breached their bank covenents, this will retreat just as quickly as it went up now.

[jonty6] 22/4/2009 15:17

RNS ......

[harmoye] 22/4/2009 15:14

What happened?

Been shopping with the wife expecting a rise this afternoon, and yes Jonty ouch!

[jonty6] 22/4/2009 15:04

Ouch, looks like the drop was to fill that sell order of 228k

[someuwin] 22/4/2009 13:12

I expect the motorhome rental business which they started last July will be doing well now with everyone holidaying in the UK this year.

[harmoye] 22/4/2009 13:02

Exciting afternoon session about to start. These shares are in demand.

[harmoye] 22/4/2009 11:46

David your right. Tried topping up and a waste of time. Have to stick with the few i've got and count myself lucky. On the up again....

[sos100] 22/4/2009 11:45

looks to be moving again.

lucky sods who got in at 1p!

[david77] 22/4/2009 11:17

very difficult to buy even modest numbers

[harmoye] 22/4/2009 10:47

our caravan range
whatever you want we've got it...
You'll find a quality range of new & used caravans for sale from Swift Caravans, Ace Caravans, Bailey Caravans and many more...


more choice and more brands
more free help and advice
more warranty and more guarantees


Snip fro Discover website they really are the biggest and best!

[naiad] 22/4/2009 10:33

Well done barnet - I feel like the Duke of York watching the trading spike!! Agree with harmoye - buying is continuing as profit takers retreat with spoils. I'm staying in - lots to go yet as market is only just working out what is happening