Discover Leisure Share Discussion Threads

[this_is_me] 15/6/2009 15:05

It is the rise when people start spending large amounts on caravans and motor homes that I am expecting over the next couple of years that I am waiting for. While the risks are still high a ten bagger is very much a possibility. Good weather for the rest of the summer would help.

[robandkerry] 15/6/2009 14:52

So you could possibly get knocked down by a bus this afternoon then Knitcraft. Lots of things are possible, it does not mean they will happen. Sounds to me like you missed out on the rise today.

[pablo1uk] 15/6/2009 14:51

2 or 3 trades from last dozen are buys according to L2, which means all these if/buts etc are a load of rubbish. Everything is pure maipulation. How else would you expect a 30% drop from 107% up despite hardly any sells, and before anybody says tree shake...bo@@ox..MANIPULATION as with most AIM stocks

[this_is_me] 15/6/2009 14:41

All we need now is a good trading statement in July and plenty more good weather.

[knitcraft] 15/6/2009 14:29

It doesn`t.
My post says POSSIBLE, perhaps I should add distinct as a prefix.

[robandkerry] 15/6/2009 14:21

Where does it say rights issue and share consolidation?

[knitcraft] 15/6/2009 14:15

Possible rights issue to come and share consolidation as well.May not be quite such good news as first thought.
Be wary.

[pablo1uk] 15/6/2009 14:12

excellent news, but was already priced in this morning, so will be lucky to reach HOD again imho.

[robandkerry] 15/6/2009 14:09

excellent news.

[99charlie] 15/6/2009 14:07

TIDMDISL

RNS Number : 9087T
Discover Leisure PLC
15 June 2009

?


FOR IMMEDIATE RELEASE
15 June 2009




DISCOVER LEISURE PLC
("Discover Leisure" or "the Group")


GROUP RESTRUCTURING


SIGNLEASE COMPANY VOLUNTARY ARRANGEMENT APPROVED




The Directors of Discover Leisure are pleased to announce that the proposed
Company Voluntary Arrangement (CVA) dated 29 May 2009 was accepted at the
Creditors' Meeting held today and that the new banking facilities have been
signed. The CVA proposal was subject to a number of modifications required by HM
Revenue and Customs. These include a provision for additional voluntary
contributions from Signlease Ltd into the CVA of not less than 50% of any rise
in net income after provision for tax subject to the Group's cashflow and
approval by the Group's Bankers. The acceptance of the CVA is subject to a 28
day appeal period, during which creditors can challenge the decision of the
meeting upon certain limited grounds.


Following the signing of the new banking facilities, Discover Leisure has agreed
to issue warrants over 5% of the fully diluted issued share capital of the
Company to Royal Bank of Scotland. The warrant may be exercised to subscribe for
shares at their nominal value of GBP0.007 each and can be exercised at any time
during the first six years following the date of issue.


The terms of new banking facilities are as announced on 29 May 2009 with the
following variation. The interest rates on the GBP5m non performing loan are now
2% above Libor to 1 March 2010, 4% above Libor for the nine months to 1 December
2010, 8% above Libor for the nine months to 1 September 2011 and thereafter at
16% above Libor. In addition, covenants have been set in respect of the
following four measures:


* Gross profit
* EBITDA
* Loan to Asset value
* Net Cash flow available for Debt Service Liability



The covenant levels vary across the period of the loans.

[jonno1] 15/6/2009 12:43

another small tick up

[robandkerry] 15/6/2009 12:28

lunch break at 12.30 i would say. We may get some feedback then. Looking good so far.

[baltic] 15/6/2009 10:42

does anyone know what time the meeting in Leeds is? thanks

[robandkerry] 15/6/2009 10:37

Yeah but look at the price. ;)

[pablo1uk] 15/6/2009 10:36

someone has just s@it themselves and sold 12k's worth....

[robandkerry] 15/6/2009 10:02

yep. :) I think we may be off again soon.

[pablo1uk] 15/6/2009 09:59

600k buy was from 8:51am according to level2

[robandkerry] 15/6/2009 09:56

600K buy, nice. :)

Am I the only holder on ADVFN?

[pablo1uk] 15/6/2009 09:13

buy on rumour sell on the news?

[8trade] 15/6/2009 08:53

lol

Poor old treacle/hena, the pain never stops !

[robandkerry] 15/6/2009 08:26

I think we could see the share price trebble today. The CVA will be accepted imo. DYOR.