Leisureplay Share Discussion Threads

[leewink7] 01/7/2004 12:05

At this rate it'll hit 10p tomorrow, i'm topping up all through, look forward to a possible RNS of large purchaser first thing.

[gunnergonk] 01/7/2004 12:05

ok so now you are up! i think ill wait for 10p shouldnt take long at this rate

[fongrang] 01/7/2004 11:38

gun 33k @6p

[gunnergonk] 01/7/2004 11:35

fon how many did you buy at what price? ive got 73k @ 5.9p

[gunnergonk] 01/7/2004 11:34

the massive buys @6p are showing up now, the only problem with delayed trades they can be delayed 1hr or 2hr so on a share that goes up as fast as this they come in on the sell column. makes the trade list look bad!

[fongrang] 01/7/2004 11:30

cheers gun

[gunnergonk] 01/7/2004 11:16

fon> any trade over 18k will show an hour later!

[gunnergonk] 01/7/2004 11:11

well looks like another large rise again today!

[fongrang] 01/7/2004 09:33

hell of a lot of delayed buys queueing up I bought in half an hour ago and still not showing...

[gunnergonk] 01/7/2004 09:33

lookin good now 1.6m buys vs 900k sells and a tick up already!

[gunnergonk] 01/7/2004 08:54

more buys will start to show after 9:00

[argy2] 01/7/2004 08:41

Dr Death will ramp these until he sells his stock.

[valentine] 01/7/2004 08:41

Independent today 01-07-04


Ex-fraudster Ramsden makes stock market return
By Rachel Stevenson
01 July 2004


Terry Ramsden, once one of Britain's wealthiest men, a legendary financier, gambler, racehorse owner and convicted fraudster, is making a stock market come back through an AIM-listed cash shell Leisureplay.

Mr Ramsden is to take an 11 per cent stake in Leisureplay, soon to be renamed Caplay. The board wants to bring in a number of new investors and plans to raise £2.4m through the issue of 80 million new shares at 3p each.

Mr Ramsden was one of the most flamboyant characters in the City in the 1980s. The former chairman of Walsall FC made his fortune as an international bond trader, but went bankrupt with debts of £25m in 1992. He was charged with fraud over his collapsed securities company and escaped with a two-year suspended sentence in 1994. He later went to prison in 1998 on another charge of concealing money from his creditors.

His reputation as a gambler is also built on his love of horse racing, and he is known for placing enormous bets of as much as £1m at a time. At one point he owned 100 thoroughbreds and racked up gambling debts of £60m. He is currently enjoying some success on the turf, through his share in Grey Swallow, the horse that won this year's Irish Derby.

Although the board wants two of its new investors to take a place on the board, Mr Ramsden does not plan to take a seat. He will, however, be granted options. Leisureplay was formerly known as Murray Financial, a failed vehicle set up by Ken Murray to convert building societies into banks in the 1990s. It was acquired last year by Resurge, the corporate takeover vehicle run by Jonathan Rowland, leading to an acrimonious split with Mr Murray who was forced out of the company. He is still battling with the board, claiming to have been wrongfully sacked and is demanding an £850,000 payoff.

Resurge has now sold out of the business and the company wants to switch its attentions to the financial markets. Existing Leisureplay investors will be asked to sub-divide their shares, currently worth 5p, to 1p and one deferred share of 4p each. An extraordinary general meeting will take place on 26 July

[gunnergonk] 01/7/2004 08:27

10p would be nice and watson-mitchell dont normaly stick his neck out that far unless he`s sure so im happy! roll on 10p!

[leewink7] 01/7/2004 08:27

sounds good, onward then ...

[sportbilly1976] 01/7/2004 08:24

From UK_Analyst reporter this morning....

Star of the day was Leisureplay which announced a capital restructuring and that Terry Ramsden, the financier and racehorse owner, was joining the board and taking an 11.1% stake in the company. The shares surged ahead by 2.25p to 5.375p with ace small cap tipster Mark Watson-Mitchell telling his followers to pile in at 4p shortly after the announcement was made. Watson-Mitchell reckons the shares are heading quickly to 10p.

[gismo] 01/7/2004 08:15

Feel like buying in but the chart is looking rather sky high, think I might wait until the dust settles a bit.

[leewink7] 01/7/2004 08:08

agreed gunner, saw it yesterday and it looks good here, worth a go I reckon ...

[gunnergonk] 01/7/2004 08:07

bought in today, looks like this is going places!

[valentine] 30/6/2004 15:53

What is driving this?
Papers bound to pick up on it tomorrow?
10m @ 4p! Wow! and a piffling 1.3m to follow..lol. terrific
Thanx mate, if you're looking in!

[philjh] 30/6/2004 15:51

lekka - not a fool at all my friend .... you've done well

have just read the full announcemnt and it looks as though this change of strategy has been well received - too early to say though whether the present share price will be sustained - hopefully the future for the company is looking brighter whatever the share price does - guess a lot depends on the outcome of the 'Murray' litigation next month

[lekka] 30/6/2004 14:41

Took my 35% profit and now look a fool!!

L

[lekka] 30/6/2004 13:11

RNS out

What does it all mean?.......

"Your Board is proposing, subject to shareholder approval of the resolutions
contained in the notice of EGM attached to this letter, to raise a total of £
2.4 million from new investors by the issue of 80 million new ordinary shares
at a price of 3p per ordinary share.

As your Company is not permitted to issue shares at less than their nominal
value, currently 5 pence per share, the Board proposes that the existing
ordinary shares be sub-divided into one ordinary share of 1p and one deferred
share of 4 pence each. As soon as the Company is able to fulfill all necessary
requirements for a formal capital reconstruction, it is proposed the deferred
shares be cancelled as they will have no value following your approval of this
resolution."

Jiggery pokerey to nearly double co cap and get in "friends in the city" like (from Times sport pages 30 May 2004)....

"City 'Whiz-Bang' Kid Terry Ramsden, who once owned Walsall FC and 100 racehorses before being warned off (for owing Ladbrokes the small matter of £2m) has been staging a quietish comeback since his release from prison in 1999 (he was jailed for tax fraud). An upturn in his cash flow has already led to a trickle of Ramsden runners on the track. But the trickle is set to become a flood. Our Tel is on the verge of floating a new-fangled share trading system, which could net him a fortune"

Good for me or is selling out the best option?

regards

L