Georgica Share Discussion Threads

[tooredtobleed] 23/5/2005 11:03

been edging down via closure of spread

[tooredtobleed] 05/5/2005 14:53

Little bit more..

05 May 2005

Georgica plans transformation

Georgica, owner of the Rileys cue sports and Tenpin bowling brands, has announced that it is transform some of its freehold venues in order to maximise their potential.

A spokesperson said: "We have identified a number of properties within our portfolio which, with appropriate planning consents, are likely to realise a value significantly greater than their value as pure leisure facilities."

Georgica, which owns 60-70 of its 200 sites, has not revealed the nature of the refurbishment plans, nor which properties will be involved, in the three year development programme.

from:



City centre apartments above the leisure outlets?

[tooredtobleed] 05/5/2005 08:17

price actually went up a touch as the spread narrowed...

Possibly reference to high rate loan notes and raising more money put some people off?

satisfactory prob means Rileys up and Megabowl still stuttering?

They have a lot of freehold property on the books so they can prob do something interesting with those, though the banks have them for security so maybe moving some bank debt into high yield notes in exch for the deeds???

Who knows, at least they should be crunching into second gear from now on!

Be very interesting to see if satisfactory trading translates into decent profit on the back of much reduced costs?

[siskinbird] 04/5/2005 23:04

2red....
Agreed that things might be marginally less boring now, although I'm not sure that "satisfactory" is quite what I was looking for in Q1 numbers. Do you have a view on the large sells that went through today after the RNS?

I hold.

[tooredtobleed] 04/5/2005 12:16

Better sales plus lower interest costs look good, now quarterly results should make it a bit less boring...

RNS Number:8475L Georgica PLC 04 May 2005


Georgica PLC
Statement at today's AGM


Trading during the first quarter was satisfactory. Same outlet sales were slightly ahead of the same period in 2004.

A number of properties have been identified within Georgica's portfolio which, with appropriate planning consents, are likely to realise a value significantly greater than their value as pure leisure facilities. Georgica is now seeking such consents.

Today Georgica signed new six year banking arrangements with The Royal Bank of Scotland and Bank of Scotland.

Georgica has also given a mandate to The Royal Bank of Scotland to raise further monies by way of Georgica issuing high yield notes. One consequence of such an issue is that, henceforth, Georgica will be required to report its results quarterly.

It is expected that the results for the 13 week period ended 27th March will be released during May.


END



This information is provided by RNS

[tooredtobleed] 16/4/2005 08:37

there was a recent piece on citywire.co.uk about the speculators buying in, so it is looking good - GGA's management have a bit of a rep themselves so they will prob be looking for an exit price at a massive profit. The wide spread seems to be there to keep small punters out at the moment (the big boys buy and sell shares between themselves with no regard for the spread, I suspect).

As you say, their lean and mean reorganisation (just the savings on multiple loans, advisers etc will be in the millions) should be good for the bottom line though the market must have priced that in to a certain extent.

[twirl] 15/4/2005 15:16

The focus on 2 prime market leader leisure businesses afforded by the disposal of lossmaking Allied Leisure and Megabowls loss making units will lead to better results.

Immediate price will depend to a large extent on MM manipulation and with institutions waiting will not rise much until their thirst is quenched.

[tooredtobleed] 15/4/2005 14:45

Lots of wideboys investing now...

Wish they would tighten up the spread, though

[tooredtobleed] 13/4/2005 15:05

may be last chance to get in today...

[twirl] 01/4/2005 14:45

And there we have it up 1p 4 no apparant reason an narrower spread 2 inst of 4p.

Looks like MM`s want to see it higher and generate some trade in anticipation of some good news.

What could that b - well Q1 just ended so trading statement possibly although didn`t last year.

Anyone have L2 x vs x

[tooredtobleed] 31/3/2005 16:04

Not back in yet, still don't like the spread - be interesting to see if you can get close to 80p if you sell the 50k in one go.

[twirl] 30/3/2005 09:45

A 29k sale @79p 1p above bid. Must b some accumulation going on as normally this would drop the bid by at least 1p. Similarly 22k sold yesterday.

Bin thinking of selling my 50k to get better rewards but will hang on 4 now.

[tooredtobleed] 17/3/2005 12:07

Got that wrong, have sold out at break even to buy something else that is cheap at the moment. 5p spread currently is completely ridiculous and makes me more than a bit wary of this share.

[tooredtobleed] 14/3/2005 15:56

Justa guess, but seems about ripe to rise ten percent or so...

[tooredtobleed] 10/3/2005 03:44

Deutsche Bank have taken up the slack acording to latest rns

[twirl] 09/3/2005 07:51

Yes but who bought their shares.

Whoever it is must be less than 3% as no RNS.

I still think it was Fidelity sale which MM`s will have had for several weeks that depressed the price and now it will be walked up at least another 5p this month.

IMHO DYOR

[tooredtobleed] 09/3/2005 00:28

Latest, rns, Fidelity are completely out of GGA, no big break out soon unless they are complete plonkers.

[twirl] 08/3/2005 17:22

Yep lookin good 2red.

Seems like u an me only ones interested in this one!!!!!!!!!!!!!!

[tooredtobleed] 08/3/2005 13:56

sneaking on up, already at break even for me...

[tooredtobleed] 08/3/2005 12:51

No, top of the spread though, buy/sell spread is still too large to indicate steep rise (based on past trading when it is just 1p) but given that the MD is going and the share is rising may be time for it to break out. I suspect Oppenhein et al are getting ready to sell out at a nice profit now the co is basically sorted out - they have been in for a long time given their liking for a fast buck. For the record, I was in Allied Leisure at 120p but ended up avergaing down at 40-ish and getting out at 80ish then back in and out a few times at a reasonable profit but always with two things at the back of my mind - nasty level of debt for AIM co and the share could break out big time at any time when Oppenhein gets into hustle mode and finds a buyer (or rumour thereof will do very nicely). Most press comments have been a bit misleading and few and far between.

[twirl] 08/3/2005 07:52

Hi 2red.

Did u pay over quote.

I`ve still got the 50k @ 80p.

V iliquid stock and unless sell into ups or vice versa it costs!

Been dissapointed but seem to b movin up since RNS - thought they might.

Good luck

[tooredtobleed] 07/3/2005 16:51

Maybe not...

[tooredtobleed] 07/3/2005 09:31

Back in, watch it drop like a stone!

[tooredtobleed] 07/3/2005 09:31

Back in, watch it drop like a stone!