Leisureplay Share Discussion Threads

[merrickman] 14/7/2004 09:33

Paddy whilst not settled prior to court the company could have offered a Caulderbank letter (Its an offer to settle) which would limit costs should any settlement be less than any ammount awarded.

James I think ramping or deramping is a pointless excercise. I find BB should be a forum for exchanging views. Whilst all logic supports shorting the fact is this share is defying logic. My only thought is the share is being primed for a shareholders placement to raise funds for new venture and maybe suprisingly have done a deal for placement with EVO hence their determined efforts to keep rising - as it is they who are driving this price - probably subject to some privy knowledge - or simply pump and dump.

If the 80 million 3p share dilution is voted for then this in turn would be ridiculous as the current share value would mean that should be rejected (although NET Asset value actully does not even support 3p) . Greatest threat to shorter is shareholders options (1 for 1 at say 10p).

At present I have halved short (exposure) as I always stick with stop losses. My head says reshort should this hit 20. But I will only reshort when I see some volume sells.

Personally I think it would be prudent to bank profits - as this share price is totally out of all proportion. The company is a shell and Ramsden has a dubious history.

[paddyfool] 14/7/2004 09:13

These things are generally settled in advance. Its suprising that it has gone to court, this would suggest that the company have strong views on the likely outcome, or that the fella was not prepared to compromise. It looks as thoughthey are going to attemp to rip his integrity to shreds.

[philjh] 14/7/2004 08:43

Merrickman - thanks for posting the link - I'm very surprised the hearing has gone ahead as imagined it would have been settled before hand - agree that share price unlikely in any event to be effected greatly by the outcome - its clearly other factors which are moving it

[james 2] 14/7/2004 08:37

Merrickman, considering you are short your posts are very "balanced". Not often you see that but makes a refreshing change.

Cheers
j2

[paddyfool] 14/7/2004 08:32

you could be right. It is pretty obvious that some people are in possesion of facts that the public is not.

[merrickman] 14/7/2004 08:28

Should he lose the company will benefit from £800k that is in escrow and costs - . In many respects the court case seems irevelent compared to rise of this share. It appears to me they win the case the share rises they lose it rises less. Something is brewing but can't help thinking this share will go down in history (or FSA files) as one of the most successful ever or a big elaborate hoax for which EVO will be investigated again.

[james 2] 14/7/2004 08:15

I'll leave it up to the courts to decide, but I do like Mr Murray's proposed contract. nothing like working 3 days a week & having 40 days holiday imo.

Mr Murray had originally proposed a contract that included £125,000 for a three-day week, 40 days holiday a year and a company car worth up to £60,000

[paddyfool] 14/7/2004 08:03

doesnt look like he will win!

[merrickman] 14/7/2004 07:54

Update on the case

Financier 'misled City law firm over his contract'

[guru11] 13/7/2004 19:09

There were two buys one of 3 million and another of 2 million,
thus the price rise today. The price was rising all day today even
when at one time there were more sells than buys.
I agree with Merrickman that the fundamentals mean that the share are vastly overvalued, and when you consider that the placing of 80 million shares of 3p is to come late July - believe 28th. One should make a decision before these share hit the market and although punters here dont think that they are going to dilute the price - logic states that it will - possibly to 10.5p
Even my man likens this share with Blake which went to £2,
but is he right, will LPY go to £2.
The pe ratio is non-existant. It is like a hot air balloon at 30,000 feet,
can it really go higher?

[shaunoneill] 13/7/2004 17:38

4% rise again.

Guys anyone have any idea why the biog rise everyday?

Dont get me wrong i love it but how long will it go on for?

[gwdevans] 13/7/2004 15:51

GWDEVANS - 13 JUL'04 - 15;48

Further to the above posting, MWM watshot said about the buying of the Americans and Canadians yesterday.
The price hike does seem to be too good to last! but I am hopeful!

[merrickman] 13/7/2004 15:49

Broker ----------- I have been shorting from 13. Nothing adds up with this and sometimes share movements defy logic - but this is taking the biscuit. Paddy I do agree something a miss and the big buys could be shorters taking hit - as there must be many about. One possibility is the company may move to shareholders options (if the news is good enough to justify) still stick by my prediction there will be a massive collapse of this share simply a question of when - as the fundementals are total nonsense.

[gingertrader] 13/7/2004 15:40

Level 2 showing 3million buy at 16p, I was speaking to a guy in a Yahoo finance chat room and he is from the states and holds some of these!!!!!!! I have heard infact that alot of Americans and Canadians are buying into this, but no one knows why!!!

[philjh] 13/7/2004 15:40

2 million buy just reported from an hour ago

[philjh] 13/7/2004 15:08

this just becomes more and more obscure - guess we'll find out in time whats going on but for the moment just enjoy!

[guru11] 13/7/2004 15:04

A trade of 3 million at 16p say a buy.

edit - and another 2 million at 16p.

surely the 80 million placing to institutions will dilute the price?

defies logic.

[lrguk] 13/7/2004 14:53

Merrickman, are you short s/betting or broker? Mkt cap is still too small to short for IG etc.

[paddyfool] 13/7/2004 14:34

merrickman there is something afoot here be careful.

[merrickman] 13/7/2004 12:59

s4kcm - anybodies guess. 80 million 3p share diluton pending. Court case pending and less than £800K in the bank. I am biased as I am shorting - but I think it is too high risk too go long as after new shares - buyers could sell at 15p (If remain as is for 500% return in a day) and that would crucify the price. I feel the EGM must abandon its placing with the share price being as is and consider shareholding options - however Ramsden would then lose his 5p options which would not please him hence lose the Golden Goose that layed this golden egg. You need to seriously look at the financials as this company has neglible assets relative to current market cap of 15M - 2 weeks ago 2.7 million CAP.

[s4kcm] 13/7/2004 12:39

Afternoon Gents
I was wondering what price you think this share could go to in the short term and long term .
Also any news on the court case ?

[james 2] 13/7/2004 11:17

Merrickman, I understand that they could sell for immediate profit (I would), its the fact that they will be supporting & identifying specialised financial opportunities for the company.

As you have said given the dilution the price looks crazy but still the price has risen more than anyone had originally thought and big buyers have been accumulating 2 million+ shares at these levels.

the tick down was WINS on the offer, EVO still remain routed to the bid.

good luck anyway, either way it will be interesting to see the outcome.

rgds
j2

[merrickman] 13/7/2004 11:14

Incidentally this trading pattern has been repeating for days circa mid day - WINS or KBC drop price - EVO historically then raise the price and the others match. EVO should raise to 15.25/16.25 and force the others up. If EVO do not do this then others will drop the bid. At present EVO controlling the game according to WINS. Personally still amazed but it is evident that not many big sellers in the frame so obviously something a miss somewhere.

At this rate I don't even think losing the court case would cause a drop - as it is so robust at present. BUT when it does fall it will be a rapid correction - and it will

[pylon] 13/7/2004 11:09

Shares have ticked down. The court case was due to start at 11 a.m.

Any light?

[merrickman] 13/7/2004 11:08

James even Professional & institutional investors would happily sell shares the next day for 500% profit. If this company is now so attractive then give exisiting shareholders options to buy 1 for 5 holding at 12p (25% discount to market) that would raise 20 million at 12p - £2.4 million. As opposed to diluting shareholders assets by issuing 80 million shares at 3p in addition to the existing 100 mill in issue.

so 80% dilution and price rises 500%