Playgolf Share Discussion Threads

[niggle] 20/6/2005 08:10

filling the gap :O)

[smelleroo] 17/6/2005 10:57

Daniel stewart- rate Playgolf as a buy!

[currypasty] 16/6/2005 08:48

snap... i dont use HB much now

[niggle] 16/6/2005 08:26

CP, should be a no-brainer, decent cash position, money in the bank should see them through to profitability. Will just take them time to build a sound financial future. I'm peed off with HB for getting me in to a share that after the initital rush will now take a couple of years to grow beyond the flotation price.

[currypasty] 16/6/2005 07:47

Conclusion: 2004 was a seminal year for Playgolf. We made a number of changes to
the operation, our cash liquidity increased nearly six-fold and shareholder's
funds improved from #4,643,000 to #6,689,000. At the same time we built the golf
course at Northwick Park, we started the construction of the driving range and,
most importantly we have identified, and are negotiating on, a number of new
sites that will be critical to the company's growth in the future. We believe
there are still considerable operational improvements that are yet to flow
through from our current sites and that, combined with initial reaction to
Northwick Park and the prospects of new sites on which we are negotiating, the
future for Playgolf is very encouraging.

[niggle] 16/6/2005 07:22

NAV 14p and a 1/2m loss?

CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2004

2004 2003
Notes #'000 #'000

TURNOVER 1
- continuing operations 1,444 1,436
- acquisitions 914 -
---------- ----------
2,358 1,436

Cost of sales
- continuing operations (515) (524)
- acquisitions (350) -
---------- ----------
(865) (524)

GROSS PROFIT
- continuing operations 929 912
- acquisitions 564 -
---------- ----------
1,493 912

Administrative expenses
- continuing operations (1,464) (996)
- acquisitions (461) -
---------- ----------
(1,925) (996)

OPERATING LOSS
- continuing operations (535) (84)
- acquisitions 103 -
---------- ----------
2 (432) (84)

Net interest payable 3 (205) (47)
Profit on disposal of investments 118 -
---------- ----------
LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION (519) (131)

Tax on loss on ordinary activities 6 16 -
---------- ----------
LOSS ON ORDINARY ACTIVITIES
AFTER TAXATION (503) (131)

Equity minority interests 1 34
---------- ----------
LOSS FOR THE FINANCIAL YEAR (502) (97)

Equity dividends paid and proposed - -
---------- ----------
RETAINED LOSS FOR THE YEAR 18 (502) (97)
========== ==========
Earnings per share
Basic 8 (1.4)p #(970)
========== ==========

[smelleroo] 08/6/2005 09:26

Good article in yesterdays times on the 6 hole golf course in NW London. A whole page dedicated to the site in the sports section.

Great idea!! Not sure about its long-term potential- it would be more successful in the US.

Anyway price moving nicely today!

[currypasty] 22/12/2004 09:14

taking another kicking today... what a hoodless dog.. i think i paid them 19p, glad i only have a few k's worth...

... will be a useful CGT loss if nothing else

[currypasty] 20/12/2004 12:42

me too, with vtb, bprg, and plg

[niggle] 20/12/2004 12:37

another blinding hoodless recommendation. along with

whog
vtb
bprg

:(

everthing they recommend goes down.

[currypasty] 10/12/2004 16:16

perhaps they rate it even stronger now its down a bit more


10 December 2004


Trading Statement

Playgolf (Holdings) plc ("Playgolf" or the "Company") the owner and operator of
golfing facilities in London and Manchester, announces that building work has
commenced on the Urban golf centre at Northwick Park with completion expected in
September 2005. This facility, and the concept behind it, continues to attract
attention and praise, most recently on Radio Talksport, by its inclusion in the
England Golf Partnerships Whole Sport Plan for Golf, and in winning the LEOPARD
(The Leisure Operator Award) 2004 for Most Innovative New Entertainment concept.
The Company is actively persuing other sites and expect to make an announcement
shortly.

Trading in the second half of the year has been in line with that in the period
to 30 June 2004. As mentioned in the interim statement the Company has begun to
develop the infrastructure of the business to extend the Company's operations in
accordance with their stated strategy; a new head office has been established,
and the management team has been strengthened bythe appointment of a project
manager to oversee the building of the Urban golf centre at Northwick Park, and
by Peter McEvoy as business development director. The Company has been
proactively marketing the Group's facilities, the benefit of which will
materialise in the next financial year.

The Balance sheet remains strong, however after advice from the auditors the
Company will adopt a change in accounting policy whereby leases will now
amortise over their remaining life.. Whilst this has no effect on the cash
position of the business, it will impact profit for the year to 31 December
2004.

[jayestom] 04/12/2004 18:34

https://www.hoodlessbrennan.com/index1.htm

Click on "Market Update" and "HB Latest Research"

Rated as a strong buy.

[2henry] 04/12/2004 14:28

as soon as people start swinging clubs at the sites the stock will rocket

[currypasty] 24/11/2004 13:51

bottomed out at last ?

[currypasty] 19/10/2004 11:03

nobody interested in Golf ?

[currypasty] 27/9/2004 08:12

27 September 2004






PLAYGOLF (HOLDINGS) PLC

REPORT AND FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 30 JUNE 2004






PLAYGOLF (HOLDINGS) PLC

REPORT AND FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 30 JUNE 2004


PLAYGOLF (HOLDINGS) PLC

CHIEF EXECUTIVE'S REVIEW

FOR THE SIX MONTHS ENDED 30 JUNE 2004


The financial results for the six months ending 30 June 2004 were in line with
expectations, there being a net loss of #113,000 which includes one off costs
relating to the acquisition of Golf Learning Centres Limited of #74,000.

This was a reasonably creditable achievement when taking into account the
bedding down of Golf Learning Centres Limited, (the acquisition made at the turn
of the year), the generally poor weather conditions and the negative impact of
the Euro 2004 football tournament.

There have been a number of positive events since the 30 June 2004:-

* The group successfully raised #1,987,247 (#1,646,276 net) in new funds
through an AIM listing. These funds have greatly improved the liquidity of
the group.


* Peter McEvoy, ex Walker Cup player and captain has joined the Board as
the new business development director. His knowledge of the industry as a
whole and his contacts inside and outside the game are already proving to be
an invaluable asset to the group.


* As outlined in the recent prospectus a number of possible future
locations for urban golf centres have been identified. In particular the
group is in preliminary talks over one especially interesting site.


* The construction work on the main building in Northwick Park is expected
to begin in October 2004. This is a little later than anticipated due to a
final review of the building specification. This review has identified
significant areas of improvement and potential future cost savings. The
opening of Northwick Park is still expected in the late summer of 2005.


* Some of the proceeds of the funding have, as indicated in the AIM
prospectus, being used for marketing purposes at Trafford and at Barnet
Copthall. The initial response has been encouraging, though the benefit may
only really flow through at the end of this year and next year.

Overall the prospects for Playgolf (Holdings) Plc look bright. The management
team has been strengthened, the urban golf model has received widespread
acclaim, possible new sites would appear to be relatively easy to find and
measures are being taken which the Directors believe will significantly improve
the operating performance of the existing sites, albeit that these are expected
to come through to the bottom line in 2005 rather than in 2004.

[currypasty] 07/9/2004 13:00

07 September 2004



Playgolf Holdings PLC have appointed Peter McEvoy, as Director of Business
Development, with immediate effect.

Playgolf, are best known for their golf centres at the Trafford Centre, Metro
golf in North London and the much-heralded Northwick Park golf centre which is
due to be operational next summer. At Northwick Park it will be possible to play
successive holes inspired by Troon and Augusta National.

McEvoy, who is the Chairman of Selectors for R & A, having twice captained a
winning Walker Cup team was recently awarded the O.B.E. for services to golf,
said, 'Golf is a game of great tradition but life moves on. I am delighted to be
teaming up with such an upbeat ambitious company as Playgolf. I think that we
can create golf facilities that honour the game but keep it modern, contemporary
and attractive to today's market. Already we are looking at sites throughout the
U.K. and further afield to replicate the ideas we are developing at Northwick
Park.'

David Piggins, Chief Executive of Playgolf was delighted with McEvoy's decision
to join, 'Peter is a top man with a record of success in both business and golf
who brings years of experience in the golf industry to a very young and vibrant
company. Our intention is to keep innovation as the driving force of our
initiatives but work with and within the long established institutions and
cultures of the sport. We believe Peter is the ideal man to guide us along this
path.'

Set out below are the names of the companies of which Mr Peter Aloysius McEvoy,
51 is a director:

Sporting Concepts Limited
Sporting Projects Limited
GoGolf Limited
Go Golf (St Albans) Limited
Peter McEvoy Associates Limited

In 1993 Mr McEvoy resigned as a non executive director of Bristol Golf Academy
Limited which went into insolvent liquidation on 17th December 1993 owing
creditors #226,866. Save as above there is nothing to disclose under schedule 2
(f) of the AIM rules.

[niggle] 18/7/2004 11:29

CP, me too!, I like the look of the company and the Trafford Centre is only 15 mins away.

[windsor] 16/7/2004 21:13

25p in 2 weeks

[absolute returns] 15/7/2004 17:57

You've got more $'s than cents !

Enjoy....

[currypasty] 15/7/2004 17:55

Hoodless and D.Stewart.... yes exactly

ive had a £1k punt for a laugh!

[absolute returns] 15/7/2004 17:27

Hoodless Brennan & Partners 6.4%


Ooh no....

[absolute returns] 15/7/2004 17:26

CP

Daniel Stewart do NOT have a great track record !

AR

[currypasty] 15/7/2004 17:21

flat day, only 2 trades, not much interest...yet ?