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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Powerleague | LSE:PWR | London | Ordinary Share | GB00B08JHZ23 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 52.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
02/10/2008 07:25 | Big disappointment, esp since many of new sites opened at start of year. EPS also down | joetrader4 | |
02/10/2008 07:22 | Profits flat!!! despit opening 4 and acquiring 5 sites. | cupasoup2006 | |
04/8/2008 10:51 | I suppose it depends on how much they paid for it and how much it costs to revamp it. | wjccghcc | |
04/8/2008 09:47 | not impressed! | joetrader4 | |
04/8/2008 08:51 | appears to me like growth through low quality acquisitions and debt.... hmmm... slap | slapdash | |
04/8/2008 08:06 | Yes - I know it, also RNS out this morning. A bit surprised at this one. Very poor quality facility not too far from a GOALs centre which is quite new really smart! | joetrader4 | |
30/7/2008 15:00 | Just heard, can anyone confirm that PWR have bought an old 5-a-side centre in Teesside called Soccer sensations??? | digitalinvestor | |
23/7/2008 11:17 | don't know... they appear to have grossley overpaid for JJB acquisitin... turnover about £6m and they paid I think £17m......doh... slap | slapdash | |
23/7/2008 10:33 | What was the last site PWR opened? (excluding the JJB acquisition) | digitalinvestor | |
12/7/2008 14:35 | powwow - ur oil stocks... commodity stocks.... gold stocks... not really... | slapdash | |
11/7/2008 11:00 | slap I think you can pencil in about 90% of stocks which will be affected by the comsumer slowdown. | powwow | |
11/7/2008 10:48 | good ole slap.. get that short going mate | powwow | |
08/5/2008 15:01 | despite what management say this surely does have consumer exposure and so slowdown risk slap | slapdash | |
08/5/2008 08:29 | This is really falling! | cupasoup2006 | |
14/3/2008 11:10 | well call me old fashioned but when management/directors sell their stakes you want to get out... only positive is that there might now be a bid premium in this... but I think the actual financials are poor with poor consumer expenditure coming through... strategy of having beer places on site must be called into question... Slap | slapdash | |
14/3/2008 09:14 | Well the market likes the news:-) | 5dally | |
14/3/2008 08:35 | A bit off releasing the better news at 08.10. Why the hell not do it at the same time as the results before the market opens? Poor show to allow a false market. | wjccghcc | |
14/3/2008 08:25 | SD - suggest you read statement again | borchardt | |
14/3/2008 08:18 | also I really don't know what to make of the directors selling down their stock.... shows a lot of faith in the business!!!!!!!!!!!! These private equity or real estate people coming aboard will probably just gear up the company.... all very murky.... generally when directors offload it is time to get out... Slap | slapdash | |
14/3/2008 08:08 | earnings are in line with forecasts which were for flat EPS in 08. The pitch income seems to be holding up well with LFL + 5%, but you're right, they need to get to grips with the bars. | wjccghcc | |
14/3/2008 08:03 | weak results... like for like 2%... bar income down a lot... the consumer is biting no matter what other companies like to claim... things will probably get worse before they get better... Slap | slapdash | |
26/2/2008 10:07 | Good move and the market agrees :-) Acquisition of Soccer Domes RNS Number:7155O Powerleague Group plc 26 February 2008 For immediate release: 26th February 2008 POWERLEAGUE FIVES LTD ("Powerleague" or "the Company") Acquisition of Soccer Domes from JJB Sports plc ("JJB") for £17.4 m Powerleague, the UK's leading 5-a-side football centre operator, announces that it has agreed to acquire JJB's entire estate of UK Soccer Domes for a total maximum consideration of £17.4 million to be satisfied in cash from existing resources and increased banking facilities. The acquisition, which comprises five purpose-built indoor soccer centres with a total of 69 pitches, further enhances Powerleague's unique 5-a-side proposition and provides our customers with even more choice in terms of playing experience and venues. The Directors estimate that turnover attributable to these sites for the year ended 31 January 2007 was £6.0 million. The newly acquired centres in Manchester, Wigan, Derby, Blackburn and North Shields are highly complementary to Powerleague's existing portfolio and pipeline of sites. The centre in Manchester, which is located close to the high profile Trafford Centre, is the largest 5-a-side football centre in the world with 19 indoor pitches and 3 outdoor pitches. Immediately following completion, Powerleague will operate from 43 locations across the UK. The Directors of Powerleague believe that significant efficiencies and synergistic benefits will be achieved as a result of this acquisition. The acquisition Powerleague is acquiring the Soccer Dome business from JJB, including the leasehold for each centre. These include bars, coffee shops and function rooms. The Soccer Dome estate comprises of 5 predominantly indoor soccer centres: * Manchester (Old Trafford) - 19 indoor pitches, 3 outdoor pitches This centre is located beside the Trafford Centre just off the M60, and is the largest 5-a-side football centre in the world. * Wigan - 14 pitches (8 indoor, 6 outdoor). This centre is located by the JJB Stadium which houses Wigan Athletic Football Club and Wigan Rugby League Club. * Derby - 11 pitches (8 indoor, 3 outdoor). This centre is located adjacent to the Derby County FC grounds, close to the A52. * Blackburn - 11 indoor pitches. This centre is located on the outskirts of Blackburn just off the M65. * North Shields - 11 indoor pitches. This centre is located in North Shields close to the Newcastle International Ferry Terminal. The Soccer Dome centres vary in size from 11 to 22 pitches and will add a further 69 pitches to Powerleague's existing 386 pitches. All pitches use the latest next generation playing surfaces that replicate the playing conditions of real grass. Sponsorship Agreement In addition to acquiring JJB's five Soccer Dome centres in the UK, Powerleague is pleased to announce that it has secured a 5-year sponsorship agreement with JJB, whereby JJB will become the official Sports Retailer for Powerleague's centres, allowing them access to over 120,000 active grass- roots footballers who play on a weekly basis. Claude Littner, Executive Chairman of Powerleague, commented: "This acquisition represents a step-change in the unique 5-a-side football proposition offered by Powerleague. We now offer our customers the opportunity of experiencing the thrill of indoor as well as traditional outdoor play on latest generation playing surfaces at the highest quality purpose-built facilities. We believe the acquisition of these premier indoor facilities reinforces Powerleague's position as the clear and established market-leader in the small-sided game and will be tremendously well received by customers, colleagues, shareholders and sponsors." Sean Tracey, Powerleague Chief Executive, commented: "We are very excited at the opportunities the acquisition of the JJB Soccer Domes will bring to the company. The addition of JJB as our official Sports Retailer through a 5-year Sponsorship agreement will bring added value to both companies and will provide Powerleague with potential opportunities to open outdoor centres at suitable sites alongside JJB Health Clubs as they roll out." The Powerleague Directors would also like to put on record their thanks to the Bank Of Scotland Corporate Team, who once again have supported the Management team in this acquisition. Chris Ronnie Chief Executive of JJB commented. "The sale of our Soccer Domes business to Powerleague is representative of our strategy of focusing on re-energising our retail offering whilst at the same time looking for opportunities to increase the number, and profitability, of our combined health clubs and retail stores. "I have every confidence that Powerleague, the Premier operator of 5-a-side centres in the UK, will successfully integrate the Soccer Domes into its own business. Many joint opportunities exist for both companies to work together and we look forward to developing these with Powerleague's management." For further information please visit www.powerleague.co.u Claude Littner, Chairman Lulu Bridges Sean Tracey, Chief Executive John West Powerleague Tavistock Communications Tel: 0141 887 7758 Tel: 020 7920 3150 Stephen Keys Cenkos Securities plc 020 7397 8926 | 5dally | |
24/1/2008 10:39 | Loeb Partners Corp have taken a 4.1% stake in PWR. Found this bit of background on them but their investment style seems to be to look for capital growth with a low risk profile. The management are financially involved in their own funds so that figures. 'Loeb History The Loeb family has a long history in the financial services industry. Its origin was in 1931 with the formation of Carl M. Loeb & Co., by Carl M. Loeb and his sons. The firm acquired Rhoades & Co. in 1937 and eventually became known as Loeb Rhoades & Co. The firm developed a large retail clientele base, became a leader in providing services to correspondent brokers, and established a major international presence. By 1982, the firm's principals sold most of its brokerage operations to Shearson Hayden Stone and decided to focus on its traditional roots in servicing wealthy clientele and institutions and reformed the firm as Loeb Partners Corporation. Currently, Loeb Partners Corporation is a member of a family of privately owned companies offering a wide range of financial services dedicated to enhancing the wealth of their clientele. Loeb Partners Corporation and its affiliated entities have developed expertise across a wide spectrum of investment opportunities. One of the main philosophies of all Loeb entities is the participation of family and management along with clients in investment opportunities. Loeb's affiliates include registered broker/dealers, investment advisors and private investment vehicles available to institutions and high net worth participants. The sole stockholder of Loeb Partners Corporation and its affiliated entities is Loeb Holding Corporation. Thomas L. Kempner is the President and Chief Executive Officer of Loeb Holding Corporation, as well as a director and majority stockholder. Mr. Kempner is the grandson of the Firm's founder Carl M. Loeb.' Regards, Maddox | maddox | |
13/12/2007 14:54 | Have Powerleague and Goals have been affected by changes to Capital Gains Tax ? Are people are selling to realise gains before the changes ? Or is it as suggested above concerns over sonsumer spending. | lobby ludd | |
13/12/2007 14:26 | coming down a fair bit in price... but I guess you would expect that if we are going for a tougher consumer climate... slapper | slapdash |
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