Goals Soccer Centres Share Discussion Threads

[kitkat] 20/4/2005 09:17

nice rise today
excellent chart

[myoldmate] 19/4/2005 00:13

Nice to know that that when prices across the board have been falling recently GOAL has remained pretty constant, in fact last friday, on my monitor, it was the only blue amongst a wall of red, I hope that's some kind of omen.

[popout] 15/4/2005 15:42

Why was it down yesterday and again late this morning by 5%?

[kitkat] 15/4/2005 15:37

what a great turn around today

only blue in a sea of red

last mm at 120p

[m.t.glass] 10/4/2005 18:20

The Sunday Times - Business

April 10, 2005

Five-a-side centres boom



THE popularity of five-a-side football is expected to help the Hamilton-based Goals Soccer Centres boost profits by almost 70% in the year ahead, writes Victoria Masterson.
The AIM-quoted football operator is on track to open 17 new centres in 2005 and expects its membership to mushroom from 35,000 to 50,000 by the end of the year.

The house broker KBC Peel Hunt has pencilled in pre-tax profits of £4.9m for 2006, up from £2.93m this year.

The shares have doubled from their 62p float price in December, fuelled by interest from institutional investors including JO Hambro Capital Management — headed by the activist investor Chris Mills — which has steadily built a chunky 9.5% stake in the £50m business.

Keith Rogers, the managing director, said the popularity of five-a-side had never been greater. “The main drive is the enjoyment of the game but also the social appeal. If you asked people whether they’d rather go to the gym and run on a treadmill or play five-a-side, I know what the answer would be.”

[heartless112] 10/4/2005 15:26

My thoughts on goals

Goals Soccer Centres

Price 120.50p
EPS 1.92p
P/E 60
Market cap c £48m (around 40m shares issued * 120)

Aims

To build 14 further Goals sites, in addition to the 12 that it now operates. Of the 12, this includes the Wimbledon site, whose profits and revenue are accommodated in the FY results.

The float price was 62p, valuing the company £26m. Prior to the float, the company had achieved 3 years of growth, FY revenue in 2001= £2.88m and profit of £356,000 cf with FY 2003 revenue of £6.1m and profit of £1.6m

The placing raised £12.5m, the rest will be contributed by loans, amounting to £22.5m.

EPS Growth between 2003/2004 was 50%, from 1.28p to 1.92p, which takes into account organic growth and the Wimbledon centre.

Accounts

Revenues are split 70% in football, and 30% non-football.

Dividends will be started after FY2005 results.

2003 Turnover and operating profit up, £8.2m (2003: £6.156m); £2.2m (2003: £1.61m)
2003/2004 Profit on ordinary activities up 100%, from £0.3m to £0.6m.

Negative cash-flow of £4m pre-financing because of capital expenditure on acquiring new lands etc. But positive cash-flow of £3m on operating activities, indicating that the business is highly cash-generative, given that its turnover was only 8.2m.

Net Debt: £10m

Valuation

P/E Ratio to drop as centres are built and potential for future growth to diminish.

EPS to rise dramatically as centres built to become cash-generative and loans repaid.

If 50% takes into account significant improvement in sales to existing stores and the Wimbledon store, which is becoming more popular than ever, then the expansion of 14 new sites, more than doubling their existing stock of sites, indicates future EPS could reach 10p-15p if everything goes to plan. If things fail, EPS will presumably still more than double from here, indicating 6p as a conservative estimate. At 6p, then if the company has little further growth prospects, then a P/E ratio of between 7-12 ratio would be justified, indicating little upside to the price. If everything goes to plan, then even at 10p EPS, and a P/E Ratio of 10, the stock would only be valued at 100p.

Nevertheless the company have opted to introduce a dividend at 2005, and the company is highly-cash generative, indicating that the dividend yield could be significant. Perhaps the pledge to return cash to shareholders is a significant incentive to buy at a good price, given that in the future the company will be significantly cash-generative and will give a good dividend- there seems no doubt.

Yet, at current valuation, the company seems very highly-valued, and one could wait for better value before investing.

[i036327] 10/4/2005 15:22

a bit quiet around here recently but a small buy note in last weeks shares mag.

[myoldmate] 23/3/2005 16:56

Good end to a bad day with the big buys going through late.

[myoldmate] 21/3/2005 20:23

It's nice when someone recommends a share that you already hold, and even nicer because you've paid 25p less than him. Let's hope that he has sheep that blindly follow his lead.

[m.t.glass] 21/3/2005 08:57

Stock added to Derek Pain's portfolio in The Independent at the weekend



(As usual he uses three times as many words as he should, and doesn't actually say much. But if it bumps up the price I shouldn't complain)

[m.t.glass] 14/3/2005 10:45

Small
Company
Share
Watch

- a subscription tipsheet/newsletter

[hotfinance14] 14/3/2005 10:05

WHAT IS SCSW ?

[cambium] 14/3/2005 08:56

tipped in scsw

[m.t.glass] 14/3/2005 08:43

Oh yes? We don't think so. New high now ;o)

[kitkat] 08/3/2005 12:34

looking sad
all the way down to 100p again

[i036327] 03/3/2005 13:25

Shares mag says buy today, only in results section so not much info given.

[hotfinance14] 01/3/2005 12:49

What a goal!!!!

[m.t.glass] 01/3/2005 11:56

Goals Soccer Centres PLC
01 March 2005
Goals Soccer Centres plc ('the Company')
Disclosure of Material Interest in Shares

The Company received notification on 24 February 2005 in accordance with section
198 of the Companies Act 1985, as amended by section 134 of the Companies Act
1989, that further to a purchase of 40,000 shares on 23 February 2005 J O Hambro
Capital Management Limited is currently interested in 2,540,000 ordinary shares
in the company representing 6.06 per cent. of the Company's issued ordinary
share capital.

Please note that the total holding of 2,540,000 shares includes a non-material
interest for the purposes of section 199 2A of the Companies Act 1985 of
2,392,743 ordinary shares in which a Limited Liability Partnership owned by J O
Hambro Capital Management Group Limited is interested as investment manager of
an undertaking for collective investments in transferable securities.

Contact:
Bill Gow, Finance Director 01698 28 66 33

1 March 2005

This information is provided by RNS
The company news service from the London Stock Exchange

[m.t.glass] 28/2/2005 23:53

But we not talking about lemming's returns, elrico - we talking about that one GOAL-specific item that you said go look at, for which £62 is definitely too much ;o/

PS: Lemmings record is OK but imo it ain't that special - but if he can boost his returns further by collecting £62 from each follower - good luck to him I say ;o)

[elrico] 28/2/2005 23:32

myoldmate,

£62 is not much to pay for the returns lemming come up with. Right click and edit is not poss. Protected.

[myoldmate] 28/2/2005 17:16

Nice rise today! anyone have an opinion about how much further these'll go before they take a breather?

[myoldmate] 28/2/2005 00:42

Love to read that elrico but I dont really want to lash out £62 for the privilege, any chance that you could copy it to here?

[kitkat] 25/2/2005 12:33

last mm at 120p
chart preparing for a breakout soon