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Share Name Share Symbol Market Type Share ISIN Share Description
Foresight 4 Vct Plc LSE:FTF London Ordinary Share GB00B07YBS95 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 46.00 44.00 48.00 46.00 46.00 46.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.7 2.5 1.3 35.4 90

Foresight 4 Vct Share Discussion Threads

Showing 1 to 5 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
04/12/2000
14:02
Fitness First Plc 6 November 2000 FITNESS FIRST PLC ('Fitness First' or the 'Company') ACQUISITION OF AUSTRALIAN OPERATIONS OF HEALTHLAND INTERNATIONAL COMPLETED Fitness First becomes one of the leading global health and fitness club operators 6 November 2000 Fitness First today announces that it has completed the transaction to acquire ten clubs from the health and fitness club operator Healthland International Limited ('Healthland'), for AUS$12.4 million (approximately £4.5 million) in cash. The Company is continuing negotiations for five development sites and anticipates reaching a satisfactory conclusion to enable Fitness First Australia to operate at least 15 sites by the end of 2001. The acquisition follows the announcement by Leisurenet on 6 October 2000 that Healthland, a 57.8% subsidiary of the Johannesburg-quoted company, Leisurenet Limited ('Leisurenet'), was unable to meet its obligations to its creditors and precipitated Leisurenet's subsequent move into administration. Prior to this move, Healthland was the leading health and fitness club operator in Australia with assets with a bookvalue of AUS$29million (approximately £10.5 million). Fitness First has already assumed management of the clubs, located primarily in the Sydney region with a combined total membership in excess of 40,000, and has made the necessary changes to substantially reduce overheads. As a result of this, Fitness First anticipates that the operations will breakeven within the next twelve months and be profitable in the year 2002. It has also introduced membership strategies in line with those of the UK at the Australian clubs, whilst continuing to honour existing membership agreements. Tony De Leede, an Australian national who recently sold his chain of 'Australian Bodyworks' branded health clubs in the US, has begun his role as Chief Executive Officer of Fitness First Australia. Arrangements are in place for Mr De Leede to acquire 15% of the shares in Fitness First Australia, reducing Fitness First's investment to £3.8 million. During the year 2000, Fitness First has made major headway in achieving its strategy of becoming a global player in the health club industry. Already the market leader in the UK, Germany and Belgium, Fitness First is building clubs in Spain, Holland and France and will soon commence building in Italy. In June 2000, Fitness First acquired 90% of the shares of SPORTathlon, a Hong Kong based company engaged in the operation of health and fitness clubs, spas and the sale of fitness equipment in Hong Kong, Singapore, Thailand, Philippines and China. With the acquisition of Healthland, Fitness First immediately becomes the market leader in Australia. Mike Balfour, Managing Director of Fitness First, commented: 'The year 2000 has been an important year for Fitness First. We have successfully secured platforms in 10 new countries from which to build additional Fitness First clubs, in addition to continuing our rapid roll-out in the UK and Germany. We are now one of the leading health club operators in the world' For further information, please contact: Fitness First Plc Mike Balfour, Managing Director Today Tel: 0973 801 411 Nigel Cartwright, Finance Director Tel: 01202 845 000 Gavin Anderson & Company Tel: 020 7457 2345 Rebecca Penney Investec Henderson Crosthwaite Tel: 020 7597 5970 Andrew Edwards Notes to Editors: Fitness First: - Fitness First was floated on the Alternative Investment Market in October 1996 at a price of 80 pence per share. In February 1999, the Company moved to the Official List. On the basis of the closing share price on 3 November 2000 of 1135 pence, the Group has a market capitalisation of approximately £519 million. - Founded in 1992, Fitness First was created with the objective of developing a chain of health and fitness clubs to focus on the concept of quality 'Affordable Fitness', providing health and fitness club facilities that tend to be in most demand for a relatively modest subscription fee of around £31 per month (£39 in London) and a joining fee of typically £40. - A typical Fitness First health club, with a fit out costing between £600,000 to £1.2 million for a leasehold site and on average £2.2 million for a freehold site, provides a large gymnasium with a wide variety of cardiovascular and resistance equipment, a large air conditioned aerobics studio and luxury changing facilities leading on to a health spa consisting of a large sauna, steam room and whirlpool bath. Also provided are extensive free parking, creche, lounge area with complimentary soft drinks, beauty salon and a members' video library consisting of over 600 titles. - Fitness First currently operates 73 clubs in the UK, by location: Aintree, Ashford, Bangor, Belfast, Berkhamsted, Birmingham, Bournemouth, Bow Wharf, Bradford, Bristol, Brixton, Bromborough, Bunhill Row, Burton On Trent, Camberley, Camden, Cardiff East, Cardiff West, Chalk Farm, Chatham, Chelmsford, Chesterfield, Clapham Junction, Coventry, Derby, Dundee, Edinburgh, Fareham, Glasgow, Godalming, Halifax, Harrow, Hartlepool, Holloway, Huddersfield, Hull, Ilford, Ipswich, Kilburn, Kingly Street, Kingsbury, Leeds, Lewisham, Luton, Mere Green, Mitcham, Moston, Newcastle, Newport, Northampton, Nottingham, Pinner, Poole, Preston, Purley, Rochdale, Romford, Rotherham, Runcorn, Sheffield, Shrewsbury, Southampton, Southend, Stoke On Trent, Swindon, Telford, Tottenham, Walworth Road, Wednesbury, Whitefield, Wolverhampton, Wrexham, York. A further 11 clubs are currently under construction. - In August 1998, Fitness First became the first UK health and fitness club operator to take a significant step into Europe with a 50% acquisition of The Fitness Company Freizeitanlagen GmbH ('The Fitness Company') in Germany. In February 2000, Fitness First made arrangements to acquire the balance of shares in The Fitness Company in Germany and raised a further £25.4m to accelerate the expansion programme in Continental Europe. The Fitness Company currently operates 29 clubs throughout Germany with 60,000 members and 3 clubs under construction. - In October 1999, Fitness First announced its 40% joint venture with Passage Invest NV to develop a chain of fitness clubs in Belgium and Luxembourg. The Clubs operate under the name Passage Fitness. - Passage Fitness, Belgium, currently operates six clubs located in Gent, Waregem, Kortrijk, Roeselare, St. Niklaas and Aalst. Total membership exceeds 6,000. - In June 2000, Fitness First purchased 90% of the shares of SPORTathlon, a Hong Kong based company with health club operations in Hong Kong, Singapore and Thailand with a total of 5,000 members, for a purchase consideration of £3 million. - UK membership has increased to over 165,000 and when added to the 60,000 members in Germany and the 6,000 in Belgium and 5,000 in the Far East, gives Fitness First a total membership in excess of 236,000 prior to the acquisition of Healthland. - Construction has begun on 3 sites in Spain and 1 in Holland, and development will begin shortly on 2 sites in France. - Fitness First has now appointed General Managers in Spain, Holland, France and Italy and has or is in the process of forming the appropriate corporate structure. - Fitness First has now opened its own residential training academy, adjoining its Chesterfield club. The Fitness First Training Academy, which also accommodates up to 40 people, provides staff with courses in management, sales and fitness training.
reetus
25/10/2000
22:10
reetus, Fitness First year end is 31st Oct, so the final results won't be then. Last year's FTF final results were announced on 27th Jan, so you will have a much longer wait than you planned. Good company though. Continual year on year growth (e.g 40% to 55% pa). And the share price is currently reasonably valued, unlike most high growth companies. mad mike
mad mike
25/10/2000
08:56
FITNESS FIRST PLC ('Fitness First') EXPANSION INTO AUSTRALIA WITH THE ACQUISITION OF THE AUSTRALIAN OPERATIONS OF HEALTHLAND INTERNATIONAL Fitness First today announces that it has entered into an agreement to acquire the Australian-based assets of the health and fitness club operator, Healthland International Limited ('Healthland') for a consideration of up to AUS$12 million (approximately £4.33 million). The acquisition of the operations is conditional upon the consent of the clubs' landlords to the assignment of the underlying lease agreements to Fitness First, and includes the six sites available for development. Further details of the transaction will be announced as soon as the arrangements with each of the landlords concerned have been finalised. Healthland, a 57.8% subsidiary of the Johannesburg-quoted company, Leisurenet Limited ('Leisurenet'), was the leading health and fitness club operator in Australia, where it operated eleven clubs with in excess of 45,000 members and owned a further six development sites. This agreement follows the announcement by Leisurenet on 6 October 2000 that Healthland, which also owns major health clubs in Europe, was unable to meet its obligations to its creditors and precipitated Leisurenet's subsequent move into administration. Prior to this move, the Australian assets of Healthland had a bookvalue of AUS$29million (approximately £10.5 million). Tony De Leede, an Australian national who recently sold his chain of 23 health clubs under the name of 'Australian Bodyworks' in Atlanta, USA, will become the Chief Executive Officer of Fitness First Australia and arrangements are in place for Mr De Leede to acquire 15% of the shares in Fitness First Australia. Mike Balfour, Managing Director of Fitness First, commented: 'This agreement provides us with an excellent opportunity to further expand our operations in the Asia-Pacific region and serves as an excellent bolt-on to our operations in South-East Asia, following the acquisition of SPORTathlon in June this year. 'This move will allow us to gain a leading foothold in what is a growing market for the health and fitness industry and we believe we have the expertise and proven management skills to operate these clubs profitably.'
reetus
10/10/2000
14:59
ANYONE ELSE GOT ANY OPINIONS ON THIS ONE?
reetus
09/10/2000
22:06
Final Year results for Fitness First are on 31-Oct-99. Maybe about time to get in now before another blockbuster set of results are released. Recent movement upwards in the share price maybe in anticipation of these figures, with some positive news to come. What does everyone else think?
reetus
Chat Pages: 8  7  6  5  4  3  2  1
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