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| 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 |
| Top Posts |
|---|
Posted at 30/7/2008 18:34 by adr05 The industry figures state that average spend per head is:National: -7% London: -11% Wales: -4% I think Top Ten is a decent investment considering the Market Capitalisation compare to the Fixed Assets. I believe a private investor will come along and sell a lot of the dead wood as there are many of the Top Ten clubs making a decent weekly profit. There are a lot of halls that could be sold on to be used for other business. |
Posted at 10/4/2007 14:24 by goliard I bought back into this last week as I think the sell-off is now overdone and there is a good chance of a rebound. The comments above re the property portfolio are correct and provide a solid backing for the company. The NAV alone justifies a rebound from this price back to about 100p. After that the results will need to be positive to drive the share price back to the 120-130p mark.Hedgehunter's and ADR05's comments are absolutely right and although I don't have much faith in the management looking after smaller shareholders, they are clearly incentivised to grow the shareprice. As there is no sign of any management willingness to release information and keep investors informed I believe that we may well see Private Equity looking at this company again and potentially even the management looking to take the company private. |
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 26/5/2005 18:43 by dogdays MPMSnap!! The only possible difference is that I took a real immediate hit of £5k, when I realised that TTH were going nowhere. I put it down to experience (no bloody choice, had I), but still feel sick at the thought. Still it wasn't just us who got it wrong. I bought in after an institutional investor contact mentioned it to me. They were wrong as well. Trouble is that the management people at TTH are small time "Ltd" style players, who have got involved in running a plc. They earn a salary, you loose money!! Its up to you, but I think its best you consider taking a loss. Otherwise be prepared to wait forever. P.S Never take much notice of advice on these threads, even from the so-called experts (or me). They use big words and talk as if the work for the LSE, but usually are more stupid than we are. Good luck. |
Posted at 11/11/2004 13:41 by mpm Aerotus, It is not possible to hype up (or down) a stock which has 382 million shares in issue on this or any other BB. To move such a stock Institutional investors need to be in the market buying large chunks. They repond to hard facts and fundamentals. In this case if for example the Tangible Assets were considered to be significantly undervalued, then there might be a chance of some improvement. |
Posted at 08/11/2004 10:07 by bowlman Top Ten Holdings are a good company and a profits rise of 80% ,atrong cash flow ,turnover up strongly. The company will be reviewed in shares magazine and investors chronicle this week.I am certain the company have there eye on an aquisition .regards bowlman |
Posted at 20/9/2004 19:26 by roger moore thanks mpm. these shares may have have a high p.e but there is money to be made at this price and if growth investor tell me these are a buy they are a buy. |
Posted at 28/8/2004 22:21 by dogdays The trouble is that T.T.H are not exactly big on investor relations. Apart from the AGM statement none of us have any idea what they are doing, or why they are doing it. This persistant fall in the shares is the price we pay for their silence. I do not agree that investors do not have any interest in bingo clubs. Investors like to back winers and until TTH become more vocal over their position we will languish in the financial doldrums. |
Posted at 28/8/2004 09:42 by aerotus This baby is totally undervalued. It should be at least 12p by now surely. Just that there's no interest at all in Bingo on the investor side. LOL! I will be buying back in soon when the next update arrives and people start to WAKE UP! |
Posted at 05/7/2004 12:18 by cwa1 FWIW here is the text of the UK-Analyst tipBuy Top Ten Holdings at 7.875p Calling 'house' at Top Ten says Les Copeland Editor of Growth Company Investor In an age of internet betting, bingo clubs might seem an anachronism. Not so. They remain a key part of the social fabric in many towns in Britain and, if the changes to the gambling laws pan out as now indicated, they are set to remain so. As Top Ten Holdings is proving, they can also be made to generate real growth for shareholders. Bingo got a fillip from the recent Government statement on deregulating gambling. Under the proposed regime, expected to come into force in two years' time, most casinos will not be allowed to offer bingo. That will leave the field clear for traditional bingo clubs, which hope to be able to offer a wider range of games - such as low-stakes roulette - too. 'The Government is backing our soft gambling stance,' says Top Ten's joint managing director, Alan Weston. 'It doesn't want to see bingo turned into a hard gambling environment, and nor do we.' The new law will shift responsibility for licensing away from magistrates and to the local authority. 'We hope the local authorities will be offered more flexibility in the games they can allow us to offer,' says Weston. Top Ten came to AIM two years ago with the stated goal of playing a consolidator role in a fragmented market. There are 705 bingo clubs in Britain, of which market leaders Gala and Mecca (part of Rank) have 173 and 123 respectively. After two sizeable acquisitions, Top Ten now ranks third, with 23 clubs. But with only three other groups in double figures, there is no shortage of targets for Top Ten. And with Weston and his joint MD, Bruce Roberts, having over 20 years of experience in the industry - and deputy chairman Norman Weston having sold his first chain to Labrokes back in 1973 - the board knows where to look. It also knows how to get revenues up after it has added a new chain. The five Welcome clubs in South Wales and the South West of England generated an extra 30% in their first year under Top Ten management. The seven Masons clubs in the North East are already producing 1 pound more per guest after nine months with the group. 'Across the group as a whole, an extra 2 pounds per head is equivalent to an extra 1 million pounds of revenue a year,' says chairman Sir Aubrey Brocklebank. 'And a lot of that drops to the bottom line.' There are other gains from building an expanded chain. Increased buying power means the Welcome clubs are now paying 20 pounds a keg of beer less than when they were bought. The company gets national deals on gas and electricity and cheaper printing. In the year to end-March, Top Ten more than doubled profits to 1.27 million pounds and came close to doubling earnings per share - to 0.29p. Preliminary estimates from the company's house broker, Charles Stanley, suggest a profit of 1.8 million pounds this year and earnings of 0.4p per share. But that still will not reflect the full impact of the Masons acquisition. Top Ten is engaged in a lengthy refurbishment programme for six of the clubs. One, Billingham, has been closed since it was acquired and is now the subject of a 750,000 pound rebuild. It is not scheduled to reopen until September this year. Billingham will then be the second purpose-built 'flat floor' club in the group (most of the UK's bingo clubs are converted cinemas). The payback on the 750,000 pounds should be three years, says Brocklebank. There is no contribution anticipated for 2004, but it will clearly be a boost to the 2005/6 numbers. Two other refurbishments have started and will finish next month. There is strong cashflow which should at least cover the refurbishment costs. Net debt stands at around 3 million pounds and there is an undrawn banking facility of 2.4 million pounds. Gearing is respectably low. Last year's 4.5 million pound share placing at 5p was substantially oversubscribed so Top Ten would have no difficulty tapping the market for more funds if another acquisition came along. Nor should it. It has been buying club chains for about five times earnings. That is not bad when your own shares sell for four times that rating. There are still plenty of questions over how gaming deregulation will work when (or even if) it materialises. The Government is committed to introducing a bill but that could yet fall foul of a spring 2005 election. One thing looks certain. As envisaged, the new legislation would remove the 24-hour rule. This was introduced back in the 1960s and requires new members of bingo clubs (and not just casinos) to have joined at least 24 hours before they start playing. With the threat of added competition from casinos much reduced, and plenty of growth to come from the existing portfolio of clubs - never mind acquisitions - Top Ten looks a good long-term bet. Buy. Key Data EPIC: TTH Spread: 7.5p - 8.25p Market: AIM Market cap: 30.6 million pounds Les Copeland is Editor of Growth Company Investor. Every month the experts deliver six smaller company recommendations like this one. Share tips in 2003 rose by 44% - to find out how you can enjoy gains like these simply click here |
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