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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Leisure&Gaming | LSE:LNG | London | Ordinary Share | GB00B071S784 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/7/2010 13:24 | At the end of 2009, LNG had EUR1.6m in cash. If business was so bad in early 2010 that they burned through all that cash in a matter of months, should a Profit Warning have not been issued? | investmentguru | |
30/7/2010 12:54 | Worth bearing in mind that cash shells tend to trade at a significant discount to cash. So even if LNG had 10p a share left (highly unlikely imho) it might trade around half that. And how many 'Fools' who bought into the LNG Betshop business would want to keep shares in a cash shell, particularly one with this management? I suspect the exit door would be stampeded for and the share price could collapse very quickly on any re-float. All imho of course. | egoi | |
30/7/2010 12:05 | Thanks Shaun... Yes, I agree. Being a qualified accountant RC should clearly have seen that LNG was 'living on the edge' cash wise and acted accordingly months ago. It appears nothing was done for whatever reason ! (I know exactly what I think but won't post here) Lesson learned. Do not invest in any company where RC is involved ! (Else you'll end up with no investment !) | stevi111 | |
30/7/2010 11:49 | stevi111 - With LNG this is 100% down to RC he should have seen a long time ago that the company was short of cash and worked out a plan to get some much needed money in, instead the chairman has to go running to Nomad that pretty bad. If for one second the embezzlement accusations had a slight bit of truth to them RC would be with Gary and David he would have been extradited by the FBI to face charges in stead RC assisted the feds. | oneillshaun | |
30/7/2010 11:32 | Thanks oneillshaun...Sounds like RC is as much a victim in LNG and us poor shareholders then ? Any ideas of the embezzlement accusations in that link. You seem to be a man in the know here. Just find it really hard to believe that so many companies end in the same way when RC is involved. Could of course be a coincidence though. | stevi111 | |
30/7/2010 11:09 | Stands out a mile what shareholders are gonna be left with here. Happens all too often on AIM companies. Out of interest how did BetonSports end up ? Did'nt they come to the markets and then vanish again within a year or two ? Anything Creed gets involved in ends up with the shareholders out of pocket. FACT All my own opinion of course, which I am entitled to voice :) | stevi111 | |
30/7/2010 10:59 | jmaccer - 30 Jul'10 - 09:24 - 1075 of 1083 ok - what did i tell you - of course we don't know the offer right now but it isn't from GC for sure - you have been wrong in everything you've said now oneillshaun - time to fess up - you know nowt ! -------------------- jmaccer - please tell me what I have been wrong about? I stated teh company had run out of money this is a fact, hence a further loan of 300k I also stated Colin had gone to the Nomad and told them that LNG had run out of money this is fact. And i see GC buying the company this is not yet fact buti am pretty sure it will be. So how have I been wrong??? | oneillshaun | |
30/7/2010 10:20 | Especially when u read stuff like this.... | stevi111 | |
30/7/2010 10:14 | Why can't the company come out and tell us who is buying Betshop now ??? This deal has all been done in secrecy which to me means shareholders are going to get ripped off. | stevi111 | |
30/7/2010 10:13 | Where did i say it didn't Lekka? There will be, imho, a small amount of cash. They will be unable to continue to trade if the sale is not approved. What does that tell you about how much is likely to be left? It will I think have been effectively a fire-sale as buyers will have known this. And it is a fait accompli. It's a sad day because the main business people invested in, will no longer be a part of the company. Incidentally, a gross profit of 0.6 million probably means a post ebitda Q2 loss (usually about 1 million euros running costs per quarter historically). Most punters had a nightmare World Cup but Betshop it seems still likely ran at a post ebitda loss for the quarter? Greece went out early, Italy were a shambles. Incredible imho! | egoi | |
30/7/2010 10:08 | Just LIKE all other AIM companies, A TAX LOSS | moneyman18 | |
30/7/2010 10:06 | egoi, doesn't a cash shell have cash? | lekka | |
30/7/2010 09:56 | 'On disposal, the Company will becoming an investing company as defined by the AIM Rules....' Isn't that AIM speak for a cash shell? Sad day for those that were involved imho if I'm right.. | egoi | |
30/7/2010 09:53 | Seems like the company made no attempts whatsoever to raise fresh funds / bank loans etc....before they got into this un-necessary trouble. All seems a con to me. Hope I'm proved wrong of course. | stevi111 | |
30/7/2010 09:32 | 1fox1 - cunning , not ... | jmaccer | |
30/7/2010 09:24 | ok - what did i tell you - of course we don't know the offer right now but it isn't from GC for sure - you have been wrong in everything you've said now oneillshaun - time to fess up - you know nowt ! | jmaccer | |
30/7/2010 08:29 | Surely not ;-) | rkhl | |
30/7/2010 08:28 | Lets think about that for about 3 seconds....GC | oneillshaun | |
30/7/2010 08:21 | Well I wonder who on earth the buyer is. | rkhl | |
30/7/2010 07:57 | Captain Jack Harkness - 26 Jul'10 - 16:56 - 1054 of 1069 think what u like shaun but its like i said anyone who thinks l&g ran out of cash doesnt really know why the shares were suspended -------------------- Jack do you believe me now???? Or are you still thinking they are suspended for another reason? | oneillshaun | |
30/7/2010 07:41 | From reading the RNS I'd suggest that the Board of Directors is setting up current shareholders for a mugging of its Betshop assets by threatening insolvency as an alternative. An interesting counterpoint would be if shareholders could get a counterbidder lined up for Betshop to drive the price higher. | 1fox1 | |
30/7/2010 07:18 | Update: Implication that there will be cash and the company will have a value. How much? We'll have to wait for the circular. | lekka |
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