Share Name Share Symbol Market Type Share ISIN Share Description
Goals Soccer Centres Plc LSE:GOAL London Ordinary Share GB00B0486M37 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 27.20 0.00 0.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 33.1 8.2 9.3 2.9 20

Goals Soccer Centres Share Discussion Threads

Showing 926 to 948 of 1025 messages
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DateSubjectAuthorDiscuss
30/3/2019
20:42
#Goals #Soccer #Centres PLC (LON:#GOAL), which was suspended from AIM on Wednesday after its new auditor unearthed a massive unpaid tax bill. https://twitter.com/smallcappick/status/1112092747995975680
newtothisgame3
29/3/2019
15:25
Yes. The suspended price is no longer a guide though. Takeover offer could be at 1p. If board have no other options aside from bankruptcy... they will take it.
brokenbuckles
28/3/2019
23:45
Can someone make a takeover offer why in suspension?
sunnybeachboy
28/3/2019
05:58
Why is everyone fixated with asset value lol. The company has 30 million debt. It owes 12 million to the tax man. It makes about 6 million ebitda probably. It needs to get the leverage ratio down to 1.5x. That means it needs to go from 42 milliom (debt plus vat charge) down to 10million. That means it needs to find around 30 million equity from somewhere.. otherwise it is bust.
brokenbuckles
27/3/2019
22:24
@Danny Baker - Yes, this seems to be a fraud case, but sometimes it can still be negotiated downwards. On the other hand, it can also be subject to penalties and fines so could be higher.
apollocreed1
27/3/2019
22:21
I would hope the board would not recommend a takeover at 10p or 20p a share, but if Mike Ashley gives them some money under the table they likely will.
apollocreed1
27/3/2019
20:59
Net asset value of 95m was 126.00 per share.
sunnybeachboy
27/3/2019
20:58
75,215,060 shares in issue Sports direct own 18.92% what equates to 14.23m shares.Sports direct could buy 61m for peanuts 61m x 10p = 6.1m61m x 20p = 12.2mThe tax bill would be restructured into new debt plan.New asset value was 95m divided by 75m shares.
sunnybeachboy
27/3/2019
18:57
With respect apollo that is a totally different situation. Augean has residues after treatment of certain wastes which it believes are exempt from landfill tax. GOAL has misdeclared VAT - it hasn't had a difference of view with HMRC over the application of VAT - jaffa cakes etc. Sadly this is as bad as it looks for GOAL and is a sickener for shareholders who have my total sympathy.
danny baker
27/3/2019
18:52
Mike Ashley owns 18.9% of the shares. Let's wait and see what happens here.
sunnybeachboy
27/3/2019
17:44
As a comparison, Augean PLC dropped to about 25p a share in 2017 due to an HMRC dispute over landfill tax. They disputed the bills and appealed and have agreed a much lower figure, so the shares have recovered to about 102p as the tax issue has been resolved. So all is not lost and there may be some negotiations with HMRC to follow.
apollocreed1
27/3/2019
15:49
They always say "temporary" before it becomes "pending clarification of the financial position".
arthur_lame_stocks
27/3/2019
15:46
Mike Ashley might even go fo it
sunnybeachboy
27/3/2019
15:33
They have options.HMRC maybe a PAYMENT plan ?Restructure of there debt?Selling of the assets they own.Placing.?The Rns was worded....TEMPORARY suspension of trading.I still believe this will be trading again.
sunnybeachboy
27/3/2019
15:23
Well they did say that the majority of the adjustments were non cash so if that is still the case then it could be that there is a very big write down of the book value coming as well. I have noticed that when they have disposed of underperforming sites they have achieved nothing like book value for them so this might not be too daft an assumption to make. That said there should still be fairly substantial equity value left I hope and they say trading has improved so all might not yet be lost.
arthur_lame_stocks
27/3/2019
14:53
Looking at the results for fiscal year ending 2017, Shareholders Equity is £98.41m (source: AJ Bell). If we take off £12m as the VAT issue, doesn't that mean the company actually has a residual value of £86.41m? So even if the banking covenants have been breached, the debt can be restructured and there will still be value left for the shareholders. Any comments? Am I wrong?
apollocreed1
27/3/2019
13:15
I phoned that number earlier on the bottom of the RNS. But as I'm a private investor they couldn't tell me anything.
sunnybeachboy
27/3/2019
13:10
If might be a good learning exercise to list all the companies that have been exposed in the last few years for cooking the books, and seeing if there is a common thread that makes it easier to do in some types of companies as opposed to others. Off the top of my head, I can think of BT, Royal Dutch Shell, Patisserie Valerie, GOAL, the fund managers "City Financial", Carillion, Enron, Time Warner and IDE Group Holdings. I can't think of any property companies, so maybe there is something unique to property companies that makes their earnings more transparent and harder to forge.
apollocreed1
27/3/2019
12:18
So Bill Gow, the CFO who did a runner, was most likely complicit. Will he go to jail for VAT fraud, or enjoy a wealthy retirment with his ill-gotten gains? I wonder...
daffyjones
27/3/2019
11:06
Oh dear oh dear 👍😂
this_time_its_different
27/3/2019
11:05
Oh dear 👍😂
john09
27/3/2019
11:04
looks like the goals board of directors and pat val board of directors have been smoking the same joint. Crooks the lot of them.
this_time_its_different
27/3/2019
08:44
Finished as a listed entity, will not return to market, be acquired from receivers probably by MASH!
bookbroker
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