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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Georgica Plc | GGA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.50 | 14.50 |
| Top Posts |
|---|
Posted at 18/7/2007 09:40 by littlejohn62 I found this little item in the Sunday Times 15th July 2007:THE company behind Rileys snooker clubs and Tenpin bowling centres is in detailed talks over a £70m sale-and-leaseback of its outlets. Georgica is believed to be negotiating to sell the snooker clubs to Canada Life, the insurance company, and the tenpin bowling halls to an unidentified individual property investor. Once the deal is completed it will continue to manage the venues. The sale-and-leaseback deals come as the quoted leisure group weighs up bid interest for both divisions. Last month it said that it was exploring a number of "alternative options" for the bowling and snooker activities. It has promised to update the market by the end of this month. |
Posted at 07/2/2007 09:34 by tooredtobleed latest rns suggests the split will happen in June, probably, but they will have to buy the bonds back before they can do it and then load the debt on the two co's - willing to bet the bowling group will get a disproportionate amount and quickly die a death after being stripped on its freehold assets - but that is just a cynical AIM investor muttering away rather than hard fact. |
Posted at 16/10/2006 11:08 by tooredtobleed they have said already that they thought it extremely unlikely anyone would come up with an acceptable offerI expect the bowling division to be sold off in some form or other, via freehold sites with planning permission and the rest got rid of for whatever they can get (perhaps management buy-out) which should have a big effect on their debt mountain. But then it would not surprise me if they leveraged the successful trading side of the business (Rileys) to generate cash to buy another ailing company and start the cycle all over again. Basically, no telling with these chaps (it is an AIM co after all). The good part is that institutions with large investments will probably want to book some profit so it may all go down in a way that generates some cash for small investors as well (again only a suspicion, but listing Rileys once free of most of its debt on the main market seems likely to me, which would then leave GGA as a cash rich shell company to buy something else. The GGA directors are astute, fast buck merchants who have been slowed down by a couple of years sorting out Georgica's problems. That does not mean they have much interest in small shareholders, though. On the other hand, the market won't like another poor trading quarter and the share could go lower still over the short term. (cue (sic!) for the MM's to rack up (sic!!!!) the share price just to prove me wrong). I am mostly out at the moment, BTW, some nice profits in hand. |
Posted at 04/6/2005 08:54 by tooredtobleed little bit in the Guardian:"Finally, keep an eye on Georgica, the Aim-listed leisure group in which activist investor North Atlantic Value has built a 6% holding. There was further evidence of stake-building yesterday as several large lines of stock changed hands at 80p. Georgica - which recently appointed Cenkos, Andy Stewart's new stockbroking operation, as advisers - is trying to realise value from its property portfolio. It has identified 12 sites that with the appropriate planning consents could be worth significantly more than their current value. Georgica shares closed unchanged at 79.5p. " |
Posted at 22/4/2003 08:15 by tooredtobleed Telegraph has now posted the link: "Strike it rich with Georgica Georgica, the Aim-listed leisure group, is understood to be considering a sale of its MegaBowl ten-pin bowling business, which it owns in a 50:50 joint venture with Duke Street Capital. We hear a bid could come in the next few weeks. Nick Oppenheim, the chief executive, is determined to sort out Georgica's trouble spots by the autumn. He also hopes to sell off outlets that have proved impossible to let and spend the £13.5m raised in a placing last August on its snooker and pool club business and the Burger King franchises. Last week the group announced that full-year losses had narrowed to £11.2m. At 31.5p the shares have slumped to a 12-month low, yet trading trends are said to be improving. Buy." Don't believe a word of the above, who is going to buy leases on property that can't be let, more likely to sell Burger King than invest in it and they have already moved some of the debt away from the other investor (Duke St Capital) in Megabowl in preparation for buying out the fifty percent they don't own. Megabowl was valued at around 100m a couple of years ago so I suppose if someone turned up with a 120m offer then Georgica might go for 60m for its half which would give the company 20m in cash after paying off 40m debt to the bank, plus whatever they can get for the good bits of Allied Leisure, end up with 30-40m at a time when there are fantastic buys in the leisure sector such as Regents Inn and Po Na Na and Rileys itself is still able to generate cash. So no reason why Georgica would turn down a good offer for Megabowl just that I suspect the Telegraph piece is a bit of hype that if it pushes the shares back up past 100p will result in a huge rights issue to clean up the company that way! |
Posted at 27/1/2003 16:05 by tooredtobleed Georgica bought back 50k on Friday and Schroders bought 600k, which I thought had gone thru as sells, they now have 20 percent and presumably a fairly direct line to the boardroom and some knowledge of what is going to happen next - disposals, hopefully! Hard to see why the price went so low so rapidly, perhaps shaking the tree to knock out some of the more frightened investors? Know it gave me a turn as I figured the shares to rise once GGA had bought back the million or so shares from small shareholders at 90p! |
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