Top Ten Share Discussion Threads

[hedgehunter1] 27/3/2007 14:00

The company did a slae and leaseback on part of the portfolio to castlemore, which was available to buy three weeks ago. Rang the compnay and told them to buy it back, to create value, as it was being sold on a 7% inital yield and had major redevelopment potential.

The sites have now gone under offer to AN other party, who is in discussions with management.

The management frankly are crooks, who fail to communicate with shareholders.

Have rung brokers to get updates on trading, as Rank are in the press,and Directors now buying back shares.

Have tried to ask company what steps it's taking to offset smoking ban, and how they could repostion the company by either redeveloping sites, or create other leisure uses, to enhance value.

What I don't get, is as the directors own circa 70%, the share price melt down is hurting them most.

As mentioned before, the minor shareholders, need to create a stink, and ask why the company is not keeping shareholders updated.

The company has some fantastic sites, and if they were put up for auction, it would be fantastic for everyone!

Read the tangible assets and see where the main value is held, bearing in mind the sites are held at the lowere of cost, or realisable value.

[adr05] 19/3/2007 16:17

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

[hybrasil] 05/3/2007 15:22

anyone help as t o why this is continuing to fall

[haywards26] 20/2/2007 21:56

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

[poo bear] 03/12/2006 19:19

You don't.

My Missus smokes and plays bingo at a Mecca.

The word is the punters will not go there if they can't kill themselves smoking at the same time.

I am in favour of allowing smoking.(I don't! lol)

I was looking to get in here so I could recouop some of her losses, but I don't think I will bother.

The news today is that William Hill are rumoured to be contempating a bid for Rank whi own Meccas.

That may be so, but with the smoking ban looming, there probably won't be much of a premium should it go through.

[goliard] 14/11/2006 08:57

Looks like I will get my 80p entry point after all, the only problem is, I'm not sure I really want it now!

[jezboy1] 30/10/2006 20:42

heh - usual share rag curse....

[jezboy1] 29/10/2006 15:23

We get a mention in the Shares magazine this
week - hmmm... wonder if that will attact any interest
from any more PIs?

roll on the results....

[8 ball] 02/10/2006 15:47

I will also be adding should they fall to sub £1 level.

I don't think the smoking ban will hit the trade too much.
Would be interesting to know what the effect was in Ireland?

[jezboy1] 30/9/2006 14:36

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?

[poo bear] 29/9/2006 14:58

jezboy - on;y wishfil thinking.

I like this Company, the profit warning is naff all really in the world of bingo.

The overheads are small, and the punters have a fixed ratio income to winnings, so it can't really go wrong.

Okay, the World Cup is a 1/4 years thing but there not much else going to get in the way.

This is a clear buy, but I would opbviously like it as cheap as poss.

[jezboy1] 28/9/2006 16:46

80p are u crazy??? - that would mean a market cap of less than 21 million -

assets alone are worth more than that....

any price less than £1 is a bargain, note lowest recent price was 92p

given the earlier history of this company, prices that low
are probably going to bring in a bidder also. IMHO

[poo bear] 28/9/2006 16:05

Funny - I was looking in first time in a while and thinking 80p would do.

Lots of consolidation with these small bingo firms.

I know this one has had a try, plus it has absorbed quite a few others, so it's just a matter of time.

However before they do, well, 90p then!

[goliard] 28/9/2006 08:45

So profits will be £0.5 million lower because of the World Cup. I guess the moral of the story is... if you are ever going to have bad results, make sure you have them in a World Cup year! Maybe I will get to see my 80p entry price yet.

[8 ball] 20/4/2006 18:38

From the RNS it would appear that the offer was above the current share price.

Board of Talarius considers would have delivered excellent value to the
shareholders of Top Ten.

However it may have been in Talarius shares and not all cash.

With a third party also in talks we could have a nice little bidding war here ?

[8 ball] 20/4/2006 18:34

Termination of discussions

RNS Number:7104B
Talarius PLC
20 April 2006


April 20 2005

Talarius Plc
("Talarius")

Termination of discussions with Top Ten Holdings plc

The Board of Talarius notes recent press speculation regarding a possible offer
by Talarius for Top Ten Holdings plc ("Top Ten"). Talarius confirms that it was
in discussions with Top Ten regarding a possible offer for Top Ten, on terms
that the Board of Talarius considers would have delivered excellent value to the
shareholders of Top Ten. Regrettably, it was not possible for agreement to be
reached with the Board of Top Ten on terms acceptable to Talarius
and, consequently, Talarius has withdrawn from the process.

Talarius will therefore not make an offer for Top Ten, subject to the
reservations set out below.

For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the
"Code"), Talarius reserves the right to make an offer for Top Ten within the
next six months in the event that the Board of Top Ten agrees to or recommends
such an offer or a third party announces an offer or possible offer for Top
Ten or Top Ten announces a 'whitewash' proposal under Rule 9 of the Code or a
reverse takeover (as defined in the AIM Rules).

Talarius' stated strategy is to pursue acquisition opportunities that have the
potential to deliver a positive effect on earnings per share. Talarius is
currently evaluating a number of other opportunities in the high street gaming
sector that offer the potential to meet its acquisition criteria.

Enquiries

Brunswick
Jonathan Glass / Chris Blundell Tel: [phone]




This information is provided by RNS
The company news service from the London Stock Exchange

END
OTTGUUPCCUPQPUB

[adr05] 19/4/2006 12:42

Ted's have been around for ages. Thats not new.

[8 ball] 18/4/2006 19:14

A bingo hall in Dundee, Scotland, recently installed new bingo machines, which enable visually impaired individuals to play the game. Gala Bingo officials were reported as saying that the new machines have proven to be popular, not only among people with sight impairments, but also among the venue's regular customers.

One of the main reasons for such popularity is the fact that the new bingo machines make it much easier for players to deal with several cards at the same time. Alistair Tares, Gala Bingo's general manager, reportedly said that the newly-installed machines were developed, not only for people with vision problems, but also for customers with flawless vision.

The Electronic Dabber (Ted) machines help players keep track of the game. During a game, the machines have called numbers "beamed" to them. Players must press a button after each time a number is called and if it is on their bingo card, it is automatically registered. Tares also said that it was nice to see that gaming technology helps players with limited vision enjoy the game.

[togglebrush] 16/4/2006 15:40

Sunday Times, 16/04/06, names the probable bidder as Talarius (TLS) who operate High Street Slot Machine Outlets etc. There is also interest by Duke Street Capital.

[goliard] 04/4/2006 10:54

It looks like the markets have decided that the bid will be at the 130-140p level.

[theshareguru] 02/4/2006 18:42

to 8 ball
I will be interested to see what the price is, I expect it to be £1.30- £1.40
old price 6.5p-7p, it all depends on who is making the bid, although they are
in a money making situation, some of there halls, need re furb, I know the one
in blackpool does.
If an auction starts they could hit £1.50-- £1.60p

[8 ball] 02/4/2006 15:20

Having had a good look thru the interim results I would say the total debt now stands at around £23 million.

ADVFN show the debt at 4 million so I guess they are well out of date.
Can't be easy keeping up with all these loans and extra shares.

Thanks for pointing me in the right direction.

Not easy to put a value on this group, so the price of the bid will be interesting.
Still say we could see £1.50, with luck

[adr05] 02/4/2006 11:17

you need to look at the gearing ratio, but you cant calculate that until the new accounts come out with this liability on it.
They also took on the £11m loan of walkers when they aqcuired them.

[8 ball] 01/4/2006 21:37

I may be wrong but the way I read it was

The company had an undrawn £42.5 million loan facility which was entered into with National Westminster Bank Plc on 22 December 2005 and which
was announced at the time of the acquisition of Apollo Bingo Limited.

However only now with the Bravo acquisition have they used this.

So I get a debt of £1.8 million from this deal and £4 million prior to this.

That level of debt given the asset value of the property looks fine to me.

I would like others to confirm this as I am rather poor at going thru accounts