Spinnaker Opportunities Share Discussion Threads

[rcktmn] 06/6/2005 10:11

Excellent win for Hatton... good news for SOP future revenue etc... can't understand why the share price is not moving..... must be something else going on in the background like raising funds for aquisitions etc..
Beginning of the yr there were rumours that they were going to buy a US firm (Title) and,in theire last results, that they were going on an aquisition trail ? so, would expect to hear some news soon.

[shirishg] 05/6/2005 16:13

Post removed by ADVFN

[topvest] 05/6/2005 14:29

Ricky Hatton's success must be further good news for this company. Seem to be doing quite well at the moment...except the share price!

[jethr0] 16/5/2005 08:50

Can't understand this movement today, pre opening down 0.25p, opened up 0.25p and now back to square one!

[jethr0] 16/5/2005 08:45

teacup, I would've expected a bigger rise than this, though the way the rest of market is moving I don't suppose it's too bad!

[teacup] 15/5/2005 09:38

SOPs share price could well move significantly over the next few months. Sports Network will be involved in the promotion of a number of major boxers over the next few years with Amir Khan having the highest profile (SOP were mentioned at the introduction to the fight and they advertised their presence with banners around the ring). The share price is ridiculously low considering expected forward earnings and profit potential. I'm in already but will top up Monday.

[jethr0] 15/5/2005 00:58

Statement after the fight, from Frank Warren!
"Amir Khan will now be managed and promoted by me as a professional boxer"!
The addition of Khan will significantly enhance SOP's line up, I expect much more from him as he matures, only 18 yr old at present so potentially a long run ahead.
This should see a distinct lift on monday!
Glad I bought another good chunk recently at a favourable price.
Get in mon morn before it flies on the news, all IMH but Honest O of course.

[rcktmn] 14/5/2005 11:56

If khan wins tonight and turns professional with Warren the share price should rise ?
Also, share price way too low for the amount of profits SOP makes... (imho)

[billy5] 19/4/2005 08:40

I have read, although I can't recall where, that Sports Network were working on a deal with Hallmark, the Sky tv channel, to bring us more of what we desire. Is there any further news on that subect? Anybody got info please.

[hirschnathan] 11/4/2005 20:59

more news




I recently wrote that I am about to celebrate 25 years of promoting under the control of the British Boxing Board of Control, and was delighted when a reader sent in a cutting about one of my early promotions.

Written in 1982, it stated that the major difficulty I would face in the future was the dearth of talent in the British fight game following the retirements of, among others, Alan Minter, Jim Watt and Maurice Hope.

I've heard those criticism aired over and over again down the years when various fighters have quit or been defeated – but boxing is still going strong.

Everything in boxing is cyclical, and after a recent lull in the British fight game, things are looking up again.

There are some massive fights coming up, and I will be announcing more mouth-watering encounters over the next two weeks.

They are the fights the British public have been calling for - and after helping to build up the careers of young boxers, I will now be delivering the head to heads.

[hirschnathan] 11/4/2005 18:30

:09pm (UK)
Boxing Promoter Warren Posts £900.000 Profits

By David Winning, PA City Staff
Scotsman News


Sports promoter Frank Warren made a paper profit of more than £920,000 today after results for his company selling the rights to televised boxing bouts beat hopes.

Mr Warren owns 75% of Sports Network which promotes over 60 boxers including world champions Ricky Hatton, Joe Calzaghe, Scott Harrison and Johnny Nelson.


Shares in Sports Network surged 14% after it reported turnover of £8 million for 2004 and pre-tax profits of £485,000 in its first set of full-year results as a public company.

Mr Warren was appointed chief executive in July when Sports & Leisure Group completed a reverse takeover of Sports Network and joined the Alternative Investment Market, changing its name in the process.

If the combined company had been trading for a full 12 months, the underlying results for 2004 would have shown turnover of £12.9 million and pre-tax profits of £2 million.

Chairman David Elstein said: "Frank Warren and his management team have delivered a strong platform in 2004 on which to build an even more successful 2005."

Prospects for the coming year include the long-awaited bout between British boxer Ricky Hatton and Australian rival Kostya Tszyu for the IBF light welterweight crown.

A total of 20,000 tickets were sold out within two hours and the fight will be shown on pay-per-view BSkyB as well as being broadcast by Showtime in the US.

The company has also clinched the TV rights to the final bout of Olympic silver medallist Amir Khan as an amateur.

Khan will duel with Mario Kindelan – the Cuban who beat him to gold in Athens last year – in a fight to be shown on ITV1 in the first live boxing on the channel for nearly a decade.

Sports Network is also looking for revenues outside the UK and said a joint venture in Russia was delivering major ticket sales and sponsorship deals.

[hirschnathan] 11/4/2005 11:58

As i posted a few months back sports network as a whole made £2m before tax...This will be next years figures, without any growth. So on a pe of 4 is not bad.
The key point I think is the expansion to russia.

[rcktmn] 11/4/2005 08:33

Looking good !

[rcktmn] 11/4/2005 08:32

Looking good !

[jethr0] 11/4/2005 07:55

Hirsh, MM's have given a lift pre opening on better than exp results!
Mentions Khan's last amateur bout! all bodes well.

[hirschnathan] 10/4/2005 14:54

results out tomorrow (according to sunday mail) losses down to £140,000 and turnover up to £9m

[benw99] 04/4/2005 14:10

common dont be shy ;)

[benw99] 04/4/2005 13:53

nevermind eh

[kd42] 31/3/2005 23:55

The Sky Agreement

The current agreement is for two years from June 2003 to June 2005. There is a long-standing working relationship and regular dialogue between Sky and Sports Network in order to maximise the benefit of the contract to both parties.

The Sky Agreement requires Sports Network to promote 28 bouts per annum, which Sky has the right to broadcast in the UK and the Republic of Ireland, in return for fixed monthly payments, together with further payments in respect of matches involving certain named boxers (typically in title fights) promoted by Sports Network.

Sports Network retains the television rights for the rest of the world and all other media rights, including the internet (subject to a delay in transmission). The television rights for the UK and the Republic of Ireland revert to Sports Network at the end of the term, subject to Sky having a non-exclusive right to exploit those rights in perpetuity in the UK and the Republic of Ireland. Each party has the right to terminate the contract in certain circumstances.

Sky pays a consultancy fee to Mr Warren for his services as a consultant in addition to the fees for boxing matches. This fee is paid to Mr Warren personally and does not currently and will not in future form part of Sports Network's income. Under the terms of the Sky Agreement, Sports Network, rather than Mr. Warren, is required to refund to Sky a pro rata proportion of this fee on termination of the Sky Agreement. Under the terms of the Acquisition
Agreement, Mr Warren has agreed to indemnify the Company in respect of any amount of the fee refunded by the Company on termination of the Sky Agreement.

Sports Network has enjoyed ten years of exclusive agreements with BSkyB, this is its fifth consecutive contract. It has shown an increase in revenue year on year, with the current contract for 55 live promotions over the two-year period, showing revenue up 23% to date.

Sports Network continues to add content, such as Fight Skool, and delivers strong TV ratings. It has separate arrangements for its Pay Per View event.


The above copied from the SQC Research note....

My view....With the sky deal to be renegotiated in June,wouldn`t it be nice to go into that meeting having recently signed a young,very popular and extremely talented boxer.AMIR KHAN i feel,is soon to join the ranks.

Also remember the snippet from the Daily Mail


[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]


As David Elstein is our chairman,seem like a cert to me..

So an A that Khan has signed will add at least 30% to the current sp,due to the illiquidity of the shares could quite easily be alot higher.

dyor,imho.....

Regards Kd