Ten Lifestyle Share Discussion Threads

[sharesoc] 20/3/2018 18:53

The presentation and stockopedia report for Ten Lifestyle who presented at our London seminar last week can be found here:

[dontay] 07/3/2018 11:03

Hi Solooiler, I've no problem with them getting a paycheck from growingbthe company and bringing it to market after 20 years... but I share your unease and I too am sitting on the fence on this one. I plan to wait at least until the numbers from the first set of results are known. Although they undoubtedly have experience in the industry and space they operate in... I'm unsure about the quality of the decision making capabilities of the bod as managers of a public company... changing their mind at the last minute and delaying the floatation doesn't fill me with confidence that everything was thought through about which direction they planned to head in after the float! The share price also seems a bit rich to me at the moment and it's probable this could be loss making for a while... imo the share price could easily sink back to the floatation level, maybe even lower over the next few months until more is known about which direction it's heading in. All just my opinion but I need to know more before I jump on board! I think Air Partner's experience show up what a good quality bod CAN do in this sort of ''well heeled space' and they are progressing at a fantastic rate of knots, have a couple of equally good top quality other strings to their bow too... and pay a dividend.

[solooiler] 06/3/2018 20:21

Thanks Dontay. On the fence here as to whether this is awful value or a good opportunity... which is confusing as those are both extremes!

[dontay] 06/3/2018 12:55

Solooiler... yep! As this article issued just after the float makes clear: Bradley Gerrard 24 NOVEMBER 2017 • 6:01PMMajor institutional investors including Old Mutual and Baillie Gifford have backed the flotation of lifestyle concierge to the wealthy Ten Lifestyle.The company, founded 20 years ago by Alex Cheatle, raised a total of £32.2m in its IPO on Friday which included a £14.2m payout to its existing shareholders. The shares, placed on the junior Aim market, were priced at 134p giving the company a market cap of nearly £105m. The shares are set to be tradeable on 29 November. Listing documents suggest Mr Cheatle has sold 2.93m shares, which could mean a £3.9m payout based on the price of the shares at IPO.The float had been planned for earlier in the week but the group decided to reduce the amount it planned to raise by £10m. Mr Cheatle said it had initially wanted to use this portion of the total raised to fund acquisitions but subsequently decided the pace of organic growth would be sufficient for the business in the near-term."If we want to make acquisitions in the future we will come back to the markets for the money," Mr Cheatle said.He added the company had secured five of its six preferred institutional investors including Old Mutual, Baillie Gifford and Jupiter Asset Management. Ten Entertainment chief executive Alex Cheatle (right) with celebrity chef Michel Roux JrTen Entertainment chief executive Alex Cheatle (right) with celebrity chef Michel Roux JrThe company, which has 20 offices globally and employs more than 700 people, sells holidays, theatre tickets, meals at top restaurants to wealthy individuals and corporate clients.Individuals can become members for £300 per month and companies, including private bank Coutts, pay for the service for which they then offer to their own clients. Mr Cheatle said this was the company's revenue stream and that it did not add any commission to the items it sells.Mr Cheatle added in spite of the share sale, which means 26.9pc of the shares are in public hands, he remained the largest shareholder at 15pc.He said the net proceeds from the flotation of £26m would be spent on further developing its website to improve the booking process for its customers.The UK is the company's biggest market at present but Mr Cheatle said the business was growing rapidly in the US and Asia.

[solooiler] 05/3/2018 20:35

If I'm reading this right then a few members of the board received option shares when this listed and immediately sold them? Is that right? Page 108 of admissions doc

[dontay] 01/3/2018 14:36

As an investor in Air Partner (AIR) who have a similar 'high net worth' customer focused strategy... I'm hoping to soon start seeing some buying strength and to gain a more realistic/independent idea of this companies worth. It seems to me that there is room here for at least a potential marketing partnership that could have enormous advantages for both companies... and an eventual investment in both could prove rather lucrative if TENG is all it's made out to be!

[martywidget] 29/1/2018 08:11

MIDAS SHARE TIPS: Concierge to the rich Ten Lifestyle Group is an investment set to sparkle
Published: 22:39, 27 January 2018 | Updated: 10:49, 28 January 2018

[martywidget] 24/12/2017 08:59

SMALL CAP SHARE IDEAS: Ten Lifestyle concierge service tapping into a market set to grow substantially
19 December 2017 | Updated: 13:39, 19 December 2017


Ten Lifestyle concierge service tapping into a market set to grow substantially
12:34 18 Dec 2017
www.proactiveinvestors.co.uk/companies/news/188947/ten-lifestyle-concierge-service-tapping-into-a-market-set-to-grow-substantially-188947.html

[martywidget] 07/12/2017 09:37

Big markets and even bigger ambitions for concierge group Ten Lifestyle
Published on 5 Dec 2017
Ten Lifestyle Group plc (LON:TENG) CEO Alex Cheatle tells Proactive why this concierge group is THE premium lifestyle and travel platform for investors to watch.




Big markets and even bigger ambitions for concierge group Ten Lifestyle Group PLC
13:50 06 Dec 2017
www.proactiveinvestors.co.uk/companies/stocktube/8500/big-markets-and-even-bigger-ambitions-for-concierge-group-ten-lifestyle-group-plc-8500.html

[oshy92] 29/11/2017 12:27

Morning. Short TV with MD following today's IPO

www.fmp-tv.co.uk/company/ten-lifestyle-group-investors-news-and-videos/

[caterham88] 29/11/2017 09:05

Looking at the fundamentals, I'm surprised there isn't a decent premium following the IPO.

[martywidget] 24/11/2017 09:59

Videos:

Ten Concierge
Ten Published on 12 Oct 2016
Find out more about the world's leading concierge service


TenProduct-October2017-HD




Ten's creation and vision


HNW2
Published on 6 May 2013





Ten UK's Alex Cheatle
Published on 6 Oct 2009


Lean Summit 2008 - Alex Cheatle - How we designed our business around our customers' problems

[martywidget] 24/11/2017 08:37

Description of business:
Ten Lifestyle Group plc is a leading, technology-enabled lifestyle and travel platform, providing trusted concierge services to the world's wealthy. Ten's corporate clients include private banks, retail banks, premium payment cards providers and luxury brands who provide Ten's services to segments of their premium individual customers, who then become Ten members. Ten assists its members to discover, organise and book travel, dining and live entertainment. Ten is headquartered in London, United Kingdom, which is the Company's main country of operation. Ten also has offices in 20 locations globally serving its growing global network of members across EMEA, The Americas and Asia. The Group currently has a headcount of over 650 staff around the world.

Admission document:


Investor relations:


Results of Placing and Proposed Admission to AIM


AIM - Sch 1 update - Ten Lifestyle Group plc
Released 07:25 24-Nov-2017


AIM - Sch 1 - Ten Lifestyle Group Plc Released 08:00 13-Nov-2017


Ten Lifestyle Eyes Raising Up To GBP40 Million Via AIM Floatation (ALLIPO)
[ 30 Oct 2017 11:22 ]


Some recent articles:

Concierge to the wealthy Ten Lifestyle eyes Aim flotation


Ten Lifestyle concierge service is next market tip


Concierge service Ten Lifestyle aiming to raise £40mln from junior market float
www.proactiveinvestors.co.uk/companies/news/186473/concierge-service-ten-lifestyle-aiming-to-raise-40mln-from-junior-market-float-186473.html

[martywidget] 24/11/2017 08:30

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