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Powerleague Share Discussion Threads
Showing 476 to 499 of 500 messages
|Powerleague agrees £42.5m Patron bid
|darn and blast ...was thinking of buying this thingy... Slap|
|whats going on here then? I am not a holder but have held in the past|
|Any details on whats happening with the takeover?|
|Whilst this announcement suggests all options are open the reference (see below)to the expiry of the 12 months period is significant.
They could have sold some or all of their stake within this period so this is something that they haven't to date wished to do. On the other hand, however, had they wished to purchase more, which with a 29% holding would have triggered a full bid, it would have to have been at the price of 97.5p. Now they are free to bid at a lower price.
'Patron Sports Leisure Sarl notes the recent significant movement in the Powerleague share price and confirms that it has not made an approach to the Company but, as part of its own internal strategic review and the expiration of the twelve month period from its original investment, it is considering its options in relation to its 29% shareholding in the Company. These options include, inter alia, making an offer for the remaining shares of the Company, alternatively continuing as a minority shareholder and as a strategic partner of Powerleague and helping its further expansion or alternatively disposing of some or all of Patron's shareholding.'
|For the record....
08.04.09 :+2, (39) Powerleague Group Plc's 29 percent shareholder Patron Sports Leisure Sarl confirmed on Wednesday that it had not made an approach to the company but, said it was considering options regarding its stake. Patron Sports said the options included making an offer for the remaining shares of the 5-a-side football centre operator or disposing of some or all of its shareholding. Patron Sports said it was also considering continuing as a minority shareholder and as a strategic partner of Powerleague, which currently has 43 football centres across Britain, and helping its further expansion.
The share price suggests a full bid is on the way. The FSA needs evidence before it can start 'going after' people and insider dealing is difficult to prove.
|so why don't the FSA just go after everyone who traded in the last few days... they must of had insider info...
|Could someone explain that RNS to me and what if anything it will mean for the sp,,,that's if anyone reads this thread|
|Compared to Goals, their results are not great. looks like Goals sales and profits are far higher by centre and Goals football trade appears to be holding up far better|
Their bankers will be laughing - asset backed loans and they are stuck paying 5.36% for two years on the £17m they've just borrowed - this against UK LIBOR of 1.09%. I believe that Goal's debt is high also but if its fixed against LIBOR then they'll be in a far better position.
|Debt seems high - I wonder what their bank facilities are?|
|Poor results! Dont quite get a lot of what yey're saying in the press either! Only have to look at Goals (GOAL) to see what can be achieved in this sector - they reported great results - higher profits on less sites and can roll out more sited from their cashflow.!!|
|Goals Soccer Centre - the other major 5 a side operater - issued their full year results YESTERDAY, for those who wish to compare the two, eg. goals LFL was +3%.|
Not sure you are worrying about the correct items in the accounts. The cash flow statement and the B/S are different representations of the same thing and I doubt that E&Y would miss such an anomaly. They will need to have some cash on hand - shown as a current asset in the B/S but they have had a net cash outflow during the year - shown as an increase in (probably)the overdraft in the cashflow statement. However, these are tiddling amounts.
The real issue is that their Net Debt increased £17m or by 75% but the cost of debt increased by 250% to £1.5m! (£0.6m - £2.1m = £1.5m). This has essentially wiped out the benefit of the increase in turnover brought in by the acquisitions. It is just as well that the revenue is holding up to pay the financing costs.
|I posted this on stockopedia...
RNS today showing six-monthly figures. As is typical with these kinds of results, the management show glowing headline pre-tax operating figures with revenue up 29% and operating cashflow up 86%... but these figures are inflated by acquisitions in the last year - like for like sales growth is pitiful and deflated by about 2% yoy.
What gives me the willies here is that the accounts don't seem to tally.. the cash flow statement shows end of period cash balance at -£1.608m, whereas the balance sheet shows £321,00 ... ?
I thought I was an educated fellow, so I've sent an email to the IR dept to explain this anomaly. If I'm grossly mistaken let me know.|
|Results looks ok to me....|
|Looking pretty weak here, have taken an initial short position from 25p.|
|Looking at PWR's accounts they have a covanant of 2.75 interest cover. Obvioulsy given the low rates currently all is fine however if rates were to rise quickly (which could potentially happen in a few years to rectify inflationary pressure) the company could be caught out if they dont grow their bottom line.|
|Powerleague has too much debt as does Goals but Powerleague has done a growth through aquisition strategy which I'm not sure about.... Chairman is very arrogant as well.... management sold the bulk of their shares to a private equity firm and then bought back only a nominal amount when they fell in price... all for show...
|I think the key difference is that Goals strategy aims to open centres larger centres in more populated areas whereas powerleague tend to have smaller centres and they seem to be more flexible on the location or size of their centres. This allows Goals to be more operationally geared than powerleague hence the higher operating margin.|
|What do we think the reason is behind why PWR is so undervalued compared to Goals? ideas welcome|
|Dont understand why either - profits have been static and analysts have pulled back their profit numbers|