Spinnaker Opportunities Share Discussion Threads

[jethr0] 31/3/2005 10:38

EGM results, sorry didn't make it clear, don't know what the meeting was for, we'll soon know anyway!

[hirschnathan] 31/3/2005 09:54

I heard from hansard, results due in may

[rcktmn] 31/3/2005 08:25

Jethr0 ... how do you know?

[jethr0] 31/3/2005 08:02

Results this morn

[hirschnathan] 29/3/2005 17:48

jet
63000 is nothing, shares have been trading in the hundreds of thousands for months.
There is no use in getting excited, the fact is that sop are trading on a pe of 5. When results come out and with only 5 months of trading fromm the 100% sportsnetwork, we will see a correction in price.

[jethr0] 29/3/2005 11:55

63,698 bought this morn in one deal, impo someones got a bit of inside info on the forthcoming results!

[gvoss] 07/3/2005 21:05

Something else to read

Amir Khan today insisted he is happy
to carry on boxing as an amateur, as
speculation mounts that the Olympic
silver medallist will soon move into
the professional ranks.
The 18-year-old has pulled out of the
ABA Championship quarter-finals at the
Ocean Room in Gorleston, ostensibly
after a row over ticket allocation.
Khan said at a news conference this
afternoon: "Am I turning professional?
Not that I know of. Asif (Vali, his
manager) and my dad are talking to
people, but nothing has been said.
"I'm still amateur. I'm looking for-
ward to staying amateur and boxing."
Vali confirmed that the ABA had been
in touch to increase the allocation to
Khan's supporters but insisted that it
had come too late.
Vali added: "Last night, the ABA did
phone me to say 'These are the ticket
allocations - now are you going to
box?' But it's not as easy as that.
"We've told the press we're pulling
out and then they expect Amir to go
back and fight on that day - I don't
think that's fair.
"The pressure was put on me last
night. I was told, 'If you don't do
this, I'll make sure the ABA come up
smelling of roses because then it's
your fault'. And that's not fair."
Professional promoter Frank Warren has
long courted Khan and he admitted today
he was in ongoing negotiations with the
young fighter's team.
Warren said: "Of course I am in negoti
ations with Amir and I have always said
he should turn professional. He has got
a silver medal - is it really worth
waiting another four years just to go
one better and get the gold?
"We have met quite a few times and I
am confident of striking a deal. My
track record speaks for itself and will
hopefully swing it. I am hopeful that
the combination of his talent and my
experience will help to guide Amir all
the way to the top."
Whatever the truth is behind Khan's
withdrawal, his move appears to leave
him with nowhere to turn in the amateur
ranks. His participation in scheduled
future events such as multi-nations
tournaments and a projected internat-
ional with Cuba would be in jeopardy.
But that is likely to become irrele-
vant in the coming weeks when Khan's
move into the professional ranks is
likely to be formally announced.
The ABA appeared to give credence to
the theory that the Khan camp's decis-
ion was due to more than just a ticket
problem. They believed they had solved
the issue of extra tickets for Khan's
large number of followers by shifting
his fight to earlier in the afternoon,
therefore freeing up the whole hall.
The ABA said in a statement: "This
solution was offered to Amir's manage-
ment at 6.40pm yesterday. At the moment
it would appear that this solution is
not acceptable to Amir's management."
Vali has already stated there will be
no reversal of Khan's decision to quit
the ABAs - claiming that it has become
"a moral issue" since the original
announcement was made yesterday.
Tyrone Harold, the coach of the
Kingfisher amateur boxing club which
will host the ABA quarter-finals, put
out a statement after Khan's press
conference, explaining why the venue
had not allocated more tickets for the
Bolton fighter's fans.
The statement said: "All of the clubs
who will be represented on the evening
were given an equal allocation which is
not uncommon in amateur boxing circles.
"In amateur boxing, you don't have a
top of the bill. In fact in the latter
stages of a championship, all of the
boxers are top of the bill and well
supported.
"We have a regular attendance of 400
localse who sit down to a prestigious
dinner boxing show twice a year pre-
sented by our club, with a 450 alloca-
tion put aside for standing spectators.
"The clubs were offered 10 tickets per
boxer initially with the ability to buy
further tickets should they become
available.
"When Amir Khan qualified for the
quarter-finals on Friday, February 18,
we were contacted by his management
stating that 300 tickets must be put
aside for Khan's supporters.
"We explained that the allocation was
dealt with fairly, that this show was
about 22 boxers and not one.
"We explained that should more tickets
become available then they would be
pooled and Amir's county would have the
opportunity to place them where they
they felt appropriate.
"As of yesterday, 45 tickets had been
freed and offered to the North West to
distribute, this number had risen to 63
by yesterday evening.
"We were put under unrealistic demands
from both the ABA of England and Amir
Khan's management team to move the
venue at four days' notice, however,
this was impossible.
"The Kingfisher ABC in conjunction
with the ABA agreed a compromise to
ease the difficult situation. It was
agreed that Amir Khan's bout could be
held during the day as part of the
boxing card that would included the
National Schoolboy Golden Gloves
Championships.
"This would have given Amir's support-
ers the chance to buy 400 tickets for
the daytime which was 100 more tickets
than they had asked for, allowed all of
the ticket requirements for the Golden
Gloves to be met and would have given
the young boxers during the day not
only the chace to box on the card of
one of their heroes but also to be
present and watch the standard needed
to scale the heights of boxing.
"Also the rest of the Eastern/Home
Counties and North Western Counties
boxers could then be offered further
allocation. This offer was was put to
Amir Khan's people and was obviously
deemed not good enough."

[hirschnathan] 01/3/2005 17:44

well nice to see some trading and some leap in share price

[sue helen] 28/2/2005 18:50

Hey, desperate dell my dear still trying to bring this one down? tut tut i see your also avoiding the BKR thread after they announced EXCELLENT christmas trading. Cat got yer tongue??

Sops going up this boy is a star already and hes only been here 5 minutes, people want to see him and will pay good money to do so - could be big as Bruno imo publicity wise.

Sx

[hirschnathan] 28/2/2005 17:13

Its nothing got to do with the mail that I have invested. This company is trading on a pe5.
Imo we will see £1m profit this year (dec 04) considering its only 6 months of the 100% stake of sports network and rising to at least £2m next year

[rcktmn] 28/2/2005 13:09

OK..(or is KO !?)
So price is back where it was a month or so ago ... what happens now ? upwards to 10p-15P ? :)

[hirschnathan] 27/2/2005 00:21

lets see what monday brings

[kd42] 26/2/2005 19:31

hirschathan

Couldn`t agree more....below is taken from today`s dail mail(city&finance p105.


[Frank Warren`s Aim-quoted sports events promoter Sports Network should soon get off the canvas and punch its weight.Rumours suggest that David Elstein,the former chief executive of Five who led a consortium to buy out some of Hallmark television is keen on lauching a Sports Network-operated exclusive boxing channel on the hallmark network.Hallmark is available to about 60m viewers]

[hirschnathan] 24/2/2005 11:12

So we have a total sell out of 20,000 tickets in a few hours
amir khan turning pro, bringing in higher tv revenue
imo current share price trading pe4
very very profitable company

imo a stonking buy
with results out in may, I think we will see a much much higher stable share price , reflecting the true value of this company

[hirschnathan] 24/2/2005 11:10

manchester sport
boxing
Email to a Friend | Your comments
Wednesday, 16th February 2005
Hatton bout sells out

RICKY Hatton's summer super-bout against Kostya Tszyu sold out in just two-and-a-half hours.

All 20,000 tickets to see the Manchester ace take on the world number one light-welterweight were snapped up in record time - despite the fact that the fight will take place at 2am on June 5.
That means that the clash has sold out faster than Mike Tyson's appearance at the same venue - the Manchester Evening News Arena - in 2000.

And the speed at which fight fans bought the tickets, which ranged in price from £50 to £300 for ringside seats, even caught promoter Frank Warren unawares.

"It's the fastest-selling event I have ever been involved with, and that includes Mike Tyson, Frank Bruno's world title challenge, Naseem Hamed - all of them," said Warren, head of the Sports Network company, which is putting on the fight.

"But it is quite right that tickets should go so fast, because it is a cracking fight. Remember, we are still five months away, so by the time it comes around, it will be colossal.

"I will have fighters on the undercard asking me for tickets nearer the time, and I simply won't have them.

"But it's great - this is what we have worked so hard to get to, to have Ricky in this position."

Demand was always going to be huge for the unbeaten Hatton's defining fight, and Warren looked into the possibility of putting it on at one of the local football stadiums.

But Sky TV objected, and the City of Manchester Stadium was already booked for the opening game of the Women's European Football Championships.

Misgivings

Originally, there were misgivings about the time of the bout, which had to be shifted back to fit in with American TV schedules - they are major paymasters for the fight. But Warren said that all obstacles have been overcome: "Everything is done - the arena is licensed and we have sorted everything out with the police."

With Tszyu commanding a £2.7m purse for putting his IBF belt on the line, and Hatton also in line to receive his first £1m purse, the fight will be screened as a pay-per-view event.

Hatton received a big boost this week, as legendary trainer Emanuel Steward is backing him to pull off a shock victory over Sydney-based Russian fighter Tszyu.

Steward, head of the Kronk gym in Detroit, has guided fighters such as Thomas Hearns, Lennox Lewis, Oscar de la Hoya, Evander Holyfield, Julio Cesar Chavez and Leon Spinks to greatness.

And he bucks the trend by backing Hatton to beat his older rival.

Steward watched Hatton train at the Phoenix gym in Salford, when he brought the original "Hitman", Hearns, to fight at the Arena in 1999, and now says:

"I'm going with Hatton. I like his activity level. And Hatton is the bigger man. His style can give Tszyu problems.

"It's the right time for Ricky. He's tired of being protected."

One man who begs to differ is Brad Vocale, president of the National Boxing Federation in Australia, where the fight will also be screened.

He has backed Tszyu to beat Hatton and then move up to welterweight to face old foe Zab Judah, who beat Corey Spinks to become undisputed champion last week.

Tszyu's fans wanted their man to challenge Spinks, but Vocale defends his decision to take on Hatton first.

"It really was the fight that shone the brightest in that weight," he said.

"If Kostya beats Hatton then there's no one else around, there's no point in staying. I think Hatton is very good, but he's never fought anyone as hard as Kostya."




Submit your comments

[hirschnathan] 21/2/2005 23:12

Maybe the stock exchange didnt like the rns RNS Number:9742H

Sports Network Group PLC
31 January 2005

Edward Simons has resigned as Chief Operating Officer and as a director of Sport
Network and its subsidiaries, for personal reasons, with immediate effect.

Mr Simons will continue to make his services available to Sports Network as a
consultant.

[hirschnathan] 21/2/2005 23:08

frank warren holds 75% of shares, With such a high percentage of shares being held by a director and with a profitable company, it beats me why sop only has a market cap of £8m.

[rcktmn] 21/2/2005 14:00

Must be something nasty lurking !.... maybe the've raised funds to fund aquisitions and the share price is being walked down to where the equity placing may have been struck at.. this is my view only... bound to be wrong.. this may be a tree shake before good results are released and the share price will rocket !

[hirschnathan] 16/1/2005 01:29

The Sunday Times - Business



January 16, 2005

Frank Warren fights to hook Title Boxing
Mark Kleinman



SPORTS NETWORK, the AIM-quoted company run by boxing promoter Frank Warren, is to enter the branded- goods market with the acquisition of Title Boxing, the internationally renowned name worn by some of the world's most famous fighters.
The firm is in negotiations to buy the US-based manufacturer of boxing equipment and apparel - worn by former world heavyweight champion Frank Bruno - and is expected to have to pay several million pounds. The deal will mark the latest phase of Sports Network's expansion following last year's reverse takeover by Sports & Leisure Group.



Warren is keen to expand the company by recruiting new boxers to its ranks, increasing broadcasting revenues and developing additional businesses that can exploit the Sports Network brand.

Sports Network, which represents British boxers including Ricky Hatton and Danny Williams, is chaired by David Elstein, the former chief executive of Channel Five.

Elstein also sits on the boards of cable firm NTL, Really Useful Theatres and the Commercial Radio Companies Association.

[kantona] 09/1/2005 23:03

Tszyu agrees to Hatton showdown


IBF light welterweight champion Kostya Tszyu says he has agreed to fight Ricky Hatton in Manchester on 5 June.
The Russian-born Australian told his website that he expected the bout to take place at the MEN Arena at 0400 BST for the benefit of viewers in America.

But Hatton's promoter Frank Warren has indicated there are still details to sort out before the fight is confirmed.

Tszyu will reportedly earn at least $5m (£2.7m) for the bout, which would be one of the boxing highlights of 2005.

And he has called a press conference for Monday to announce full details.

"It gives me focus for the year ahead. I am excited to be fighting Ricky because I believe he is a worthy challenger," said Tszyu.

"This is the fight my fans want to see, so I look forward to putting on a good show for them."

Tszyu's promoter Vlad Warton added: "We did agree some time ago in principle, verbally, to take care of the deal.

"However, I could never commit on behalf of Kostya because that is up to Kostya. Now we have done that."

Manchester's MEN Arena has been provisionally booked for the contest but Warren has not ruled out switching to an outdoor venue.

Hatton, a fanatical supporter of Manchester City, has made no secret of his dream to fight at their City of Manchester Stadium.

Story from BBC SPORT: