Discover Leisure Share Discussion Threads

[pre] 30/1/2009 09:40

don't forget this was trading well above 10p a year ago and +30p may-jun 07....so plenty of upside imo, dyor etc:-)

[5dally] 30/1/2009 09:01

Agree with both post's,,,one think is for sure if anyone can make this company recover it's this management,you have only to look at their history, all IMO and DYOR

[pre] 30/1/2009 08:56

fear has driven this down to the current level imo....plenty of upside here as AGM statement reassured market. Additionally, more people likely to take UK based hols this year...good for caravan business me thinks:-))

[currypasty] 30/1/2009 08:51

its huge, thats why the shareprice is so low!

They are reducing costs, and interest payments going down, so providing they can keep servicing the debt, when debt isnt such a toxic word, the shareprice could recover significantly... imo

[golla] 30/1/2009 08:46

Any idea about the debt of this co.?

[5dally] 30/1/2009 08:01

Discover Leisure AGM Statement





TIDMDISL

RNS Number : 4970M
Discover Leisure PLC
30 January 2009

?
FOR RELEASE
7.30am
30 January 2009


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




AGM STATEMENT


David Morrow, the Chairman of Discover Leisure, will make the following
statement on current trading at the Annual General Meeting to be held later
today.
"The winter is always a comparatively quieter period for caravan and motor home
sales and we will continue to earn the majority of our profit in the second half
of our financial year.
As predicted in the preliminary results issued in December 2008, the market in
the first four months to December 2008 remained at the lower levels seen in the
fourth quarter of the last financial year. Group turnover in the same period was
in line with expectations but margins were below budget.
I am, however, pleased to report that we have continued to make good progress in
our key areas of focus:
* The Group's share of the total UK registrations of motor homes in the four
months to December 2008 was up by 73% to 9.5% on a like-for-like basis (Sep. to
Dec 2007:5.5%).
* Total stock was 4% below budget at the end of December 2008 with total vehicle
stocks reduced by GBP14.5m, a 31% reduction from the summer peak and a 17%
reduction compared to December 2007.
* Over GBP2.0m of annualised cost savings were achieved by December 2008 and the
Group's interest charge reduced to last year's level.
* Active cash management and sales initiatives resulted in the Group continuing to
trade within its facilities.

We expect to make further progress in our key areas during the second six months
but the continuation of the financial crisis and low levels of consumer
confidence make it very difficult to predict the outcome for 2009."




+-------------------------------------------------+-----------+--------------------+
| Discover Leisure plc | 01430 803 385 |
+-------------------------------------------------+--------------------------------+
| David Morrow, Chairman | |
+-------------------------------------------------+--------------------------------+
| Trevor Parker, Chief Executive | |
+-------------------------------------------------+--------------------------------+
| Neil Harwood, Finance Director | |
+-------------------------------------------------+--------------------------------+
| Panmure Gordon (UK) Limited | 020 7459 3600 |
+-------------------------------------------------+--------------------------------+
| Andrew Godber / Stuart Gledhill | |
+-------------------------------------------------+--------------------------------+
| Cubitt Consulting | 020 7367 5100 |
+-------------------------------------------------+--------------------------------+
| Brian Coleman-Smith / James Verstringhe / Nicola Krafft | |
+-------------------------------------------------+-----------+--------------------+


Background Note


Discover Leisure is a leading specialist caravan and leisure industry retailer
which floated on AIM in May 2005. The Group's long term strategy is to lead the
consolidation and modernisation of caravan and motorhome retailing in the UK,
which also creates opportunities to sell outdoor leisure products from its
branches and over the internet.


In August 2005, Discover Leisure acquired the company which owned Harringtons
Caravans. On 8 September 2006, it acquired Leisure World, which owned four
caravan retail outlets, for GBP5.75 million, followed on 3 July 2007 by the
acquisition of Barrons Holdings, a leading retailer of caravans, motor homes and
associated accessories with seven retail branches across the country, for
GBP20.0 million. On the same date, Mendip Caravan Centre, which operates three
retail branches, was purchased for a total consideration of GBP2.2 million. On
12 March, 2008, Discover Leisure announced the acquisition of the motor homes
dealership based on a five acre site in Cannock in Staffordshire from the
Brownhills Group for GBP2.66 million.


The Group now has 15 branches employing over 500 people across England and
Wales. The branches are located at: Birtley (Tyneside), Cannock (Staffordshire),
Delamere (Cheshire), Chorley (Lancashire), Warrington (Cheshire), Carlisle
(Cumbria), Darlington (County Durham), Evesham (Worcestershire), Herne Bay
(Kent), Newport (South Wales), Orpington (Kent), Portsmouth (Hampshire),
Weston-Super-Mare (Somerset), Wrexham (North Wales) and York (Yorkshire). Its
head office is situated in East Yorkshire.


The board consists of David Morrow, Chairman; Trevor Parker, Chief Executive;
and Neil Harwood, Finance Director. The Non Executive Directors are Ian Currie
and Simon Dixon.

[this_is_me] 16/1/2009 13:27

Big sales at 0.25p recently.

[this_is_me] 14/1/2009 16:59

Going bust?

[happyboys] 09/1/2009 08:43

go too www.discover.co.uk/corporate.click on results .pi,s missing the turnaround here.

[brando69] 08/1/2009 17:55

5dally - 10 Dec'07 - 09:06 - 76 of 141

One of my happy to hold stocks, bought in for the management and will hold for the same:-)I will buy on the dips

not so much dips as constant plunge - lots of buying ops for you then

[brando69] 08/1/2009 17:55

i seem to remember some company - was it proactive investors/investors champion? trying to seduce me with shares in this dog at a discount of 10% - then at around 22p.

a salutory lesson there when anyone offers you any discount deals


glad i wasn't tempted

[currypasty] 08/1/2009 16:41

FOR IMMEDIATE RELEASE
8 January 2009

Discover Leisure plc
("Discover Leisure" or "the Group")

Posting of Annual Report and Accounts

Discover Leisure plc, the specialist caravan and leisure industry retailer, confirms that
its Annual Report and Accounts for the year
ended 31 August 2008 was posted to shareholders on 7 January 2009.

An electronic copy of the Annual Report and Accounts is also available on the Investor
Relations section of the Group's website at
www.discover.co.uk/corporate.

[happyboys] 08/1/2009 16:37

what a set of accounts all time low.not for long.late nite rns

[andy_andrewbowyer1] 09/11/2008 19:48

Sorry we don't take American Express

[ericardlussa] 09/11/2008 19:43

Grey pound...... Gray would be dollars.

[andy_andrewbowyer1] 09/11/2008 19:29

Let's remember it takes 9 months to have a baby and this company is only 36 months old. The gray pound has no mortgage. I am now buying great potential.

[andy_andrewbowyer1] 09/11/2008 19:27

Let's remember it takes 9 months to have a baby and this company is only 36 months old. The gray pound has no mortgage. I am now buying great potential.

[dumbarton2] 26/9/2008 09:37

Debt is rising and consumer confidence is falling. Banks wont lend to one another any high debt co gets hammered. But I dont like the business model in this climate hence I agree it could go bust.

[currypasty] 25/9/2008 10:38

looks like priced to go bust... how have they got it so far wrong... it was only a few months ago they paid 2.7m cash for the motorhome dealership... now the whole company is only worth 1.9 mil ?

[topvest] 10/9/2008 21:33

Best await the results on this one. All looks pretty grim.

[energeticbacker] 10/9/2008 17:30

An update has just been published on Investors Champion, (www.investorschampion.com) following yesterday's announcement.

Debt appears to be under control which is the key issue in the short term and could offer some short term interest but there aren't many brave enough to go for stocks of this size at the moment!

[topvest] 08/6/2008 11:21

Yes, but people are finding it difficult to borrow money. I know that many buyers pay cash, but those who don't will finding funding more difficult. Those with cash are also reigning back on big purchases. Doesn't bode well in my opinion. Should survive, but will watch from the sidelines for now.

[currypasty] 07/6/2008 13:26

$10 a barrel price rise on crude oil, and talk of more to come could put the dampers on foreign travel and be boost business for discovery

[jonwig] 07/6/2008 11:50

Investors Champion have a detailed and, I think, realistic note on DISL post-results.

Register free to download: