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TTH Top Ten Hldgs

0.275
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Top Ten Hldgs TTH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.275 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.275 0.275
more quote information »

Top Ten TTH Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 22/4/2009 07:32 by goliard
A sad end for TTH, but a predictable one. Shareholders will end up with nothing and the banks take whatever assets are left. It does amaze me that the Chairman and Board have not had to resign, but I guess that was up to the banks. Looks like whoever bought 250k yesterday may have been tipped off about an rns, but called it the wrong way!
Posted at 30/7/2008 08:46 by goliard
My understanding from talking to those in this sector is that some clubs are seeing earnings down as much as 50% this year. I don't know how TTH is faring but it looks like it is in for an even tougher time. Still not buying.
Posted at 03/5/2008 17:42 by goliard
I am very tempted to buy into TTH now (11p) as I expect some positive news from the government shortly which should help their cashflow. My concern is that, having read the latest rns re RBS, TTH has agreed to pay interest of 9% over LIBOR on almost £13m of debt. This is possibly the most punitive interest rate I have ever heard of in corporate financing and equates to circa 15% at current rates, or £2m per annum (plus interest at 2% over LIBOR on the rest of the debt).

RBS must feel like they have a good deal, but they may well succeed in bankrupting the company with this 'deal' and being left with nothing. It is certainly difficult to buy the shares when you know that all profits will be eaten up by interest payments.
Posted at 03/4/2008 09:29 by goliard
8trader - it's pretty obvious why that deal didn't happen. The rot set in here a long time ago when TTH massively overpaid for other clubs during their expansion phase. They had vendors queueing up to sell to them. At present there is little value here and when you read the post above from Safman it is also clear that there is unlikely to be any other bingo group seeking to buy them out - at any price.
Posted at 03/3/2008 08:30 by goliard
Incredible slide in this share price. If the market wasn't in so much trouble I have no doubt that somebody would be bidding for TTH given this ludicrously low share price of 22p. Amazing to think that they successfully resisted a bid of 120p not that long ago. I can't help think that somebody must be running the slide rule over TTH and am quite tempted to buy back in. Things would need to be pretty bad for a market cap of £5m to be justified.
Posted at 19/3/2007 16:17 by adr05
2 clubs have already been sold and i have been told there are more to follow. The building and land is valued more than the business.

I dont understand why these sales have not been communicated with the shareholders!?

The problem is that a lot of the clubs are on a lease. The buildings are actually owned by a company called anstruther properties and leased back to Top Ten. If more clubs are sold, the profits will not be seen on the accounts of TTH.

Any views?

ADR
Posted at 20/2/2007 21:56 by haywards26
I have TTH on my watchlist. What are peoples thoughts as to where the price is going? Plus can the management overcome the obvious problems with the smoking ban implementation? I see it being a problem over the short term, but something that people learn to live with as it becomes the norm!! People will resist and protest to begin with, then work around it. IMO
Posted at 30/9/2006 14:36 by jezboy1
Well for value investors this share has become of interest,

current price to book ratio of 1.3 and if we assume end of year
EPS is in fact in line with last year's (i.e., we assume worst
case scenario of no growth at all) - we have a present p/e of 12.6
which is historically average.

Essentially reasonable value - at 90p exception value!
(I for one will buy another tranche at that, but I bought
some yesterday at 104)

all IMHO and DYOR etc etc

my only worry relates to the smoking ban - this may have
an impact on the bingo halls and revenue, which remains
to be seen. Any long holders on TTH prepared to comment?
Posted at 01/4/2006 18:40 by theshareguru
they have bought alot of the clubs on a bank loan, if you go into tth site
or announcements I am sure you will get the ammount, my memory tells me it was
nat west who they borrowed from, that is one reason i sold when i did, i made a profit and ran.
Posted at 13/3/2006 13:02 by goliard
I liked this company until it did it's RTO last year. A terrible deal for TTH. I may not ever see 80p again, but that's my target buy in price.

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