Ultimate Leisure Share Discussion Threads

[whipround] 01/10/2004 14:28

I've only picked up a few but this could easily go to £4. very quickly, tight market and no sellers.

[340r] 01/10/2004 12:58

Whipround, looks today you were right.

[whipround] 24/9/2004 15:51

If that's not a buy signal then what is?

[welsheagle] 23/9/2004 19:42

RNS Number:2795D
Ultimate Leisure Group PLC
23 September 2004


Ultimate Leisure Group plc ("the Company")

Director Shareholding

The Company was notified today that Bob Senior, Chief Executive of the Company,
has today purchased 10,000 ordinary shares in the Company at a price of 324
pence per share. Mr Bell now has an interest in 62,000 ordinary shares in the
Company representing 0.25 per cent. of the current issued share capital.

[welsheagle] 23/9/2004 19:41

RNS Number:2795D
Ultimate Leisure Group PLC
23 September 2004


Ultimate Leisure Group plc ("the Company")

Director Shareholding

The Company was notified today that Bob Senior, Chief Executive of the Company,
has today purchased 10,000 ordinary shares in the Company at a price of 324
pence per share. Mr Bell now has an interest in 62,000 ordinary shares in the
Company representing 0.25 per cent. of the current issued share capital.

[welsheagle] 16/9/2004 18:47

RNS Number:0499D
Ultimate Leisure Group PLC
16 September 2004


Ultimate Leisure Group plc ("the Company")

Director Shareholding

The Company was notified today that Craig Bell, a Director of the Company, has
today purchased 3,000 ordinary shares in the Company at a price of 323 pence per
share. Mr Bell now has an interest in 10,000 ordinary shares in the Company
representing 0.04 per cent. of the current issued share capital.

[welsheagle] 16/9/2004 08:11

Meant to post the summary:-

LONDON (AFX) - Ultimate Leisure Group PLC said it is confident about the
future and hinted that it is looking for acquisitions, as the latenight bar and
nightclub operator posted a 31 pct rise in full-year profits.
Pretax profit in the year ended June surged to 8.9 mln stg, from 6.8 mln
last year, giving earnings of 27.3 pence a share, up 3 pct on last time. The
company lifted its final dividend to 4.45 pence, giving a total dividend of 6.6,
up from 6 last year.
The figures were bang in line with forecasts from Arbuthnot.
Chairman Allan Rankin said: "These results have been achieved despite the
increasingly competitive trading environment on the high street and the
performance of our sites throughout this period reassures me as to the longevity
of our business model.
"The fundraising that we successfully completed in October 2003 has resulted
in our valuable freehold estate being virtually unleveraged, giving us enormous
financial resources to utilise as and when opportunities arise."

[welsheagle] 16/9/2004 08:03

RNS Number:9955C
Ultimate Leisure Group PLC
16 September 2004

Thursday 16th September 2004


ULTIMATE LEISURE GROUP PLC
PRELIMINARY RESULTS FOR THE YEAR ENDED 30TH JUNE 2004

Ultimate Leisure Group plc ("Ultimate" or "the Group"), the late licence bar and
nightclub operator, is pleased to announce its financial results for the year
ended 30th June 2004.

Highlights:

* Fifth consecutive year of record results

* Turnover up by 35% to #35.7 million (2003: #26.5 million)

* Profit before tax up 31% to #8.9 million (2003: #6.8 million)

* Operating profits up 24% to #9.7 million (2003: #7.9 million)

* EPS up 3% to 27.3p (2003: 26.5p)

* Proposed final dividend of 4.45p (2003: 4.34p) per ordinary share, making
a total dividend for the year of 6.6p (2003: 6.0p)

* #20m raised through successful share placing during the year.

* New Site acquisition in Belfast and new sites opened in Derby and Durham
during the year

Commenting on the results, Allan Rankin, Chairman said:

"I am pleased to be able to report our fifth consecutive year of record profits
and double digit growth in profitability.

These results have been achieved despite the increasingly competitive trading
environment on the high street and the performance of our sites throughout this
period reassures me as to the longevity of our business model.

The fundraising that we successfully completed in October 2003 has resulted in
our valuable freehold estate being virtually unleveraged, giving us enormous
financial resources to utilise as and when opportunities arise. This, combined
with our trading success during the year, gives me great confidence for the
future"


For further information please contact:


Ultimate Leisure
Allan Rankin Chairman Today: 0289 023 0200
Bob Senior Chief Executive Thereafter: 0191 261 8800
Craig Bell Finance Director

Brewin Dolphin Securities Tel: 0113 241 0126
Neil Baldwin




ULTIMATE LEISURE GROUP plc

PRELIMINARY RESULTS FOR THE YEAR ENDED 30 JUNE 2004

CHAIRMAN'S STATEMENT AND CHIEF EXECUTIVE'S REVIEW


It gives us great pleasure to report on yet another year of record profits,
record earnings per share and substantial growth. This exceptional trading
performance, coupled with the successful share placing in October 2003 ensures
that the Group can, with confidence, continue its plan of controlled growth for
the foreseeable future. Following our successful opening in Belfast last year,
we have further expanded into Northern Ireland during the year with the
acquisition of three sites in Belfast city centre. We have also continued our
expansion in the North of England with new site openings in Durham and Derby.


RESULTS

Turnover for the year has increased by 35% to #35.7m (2003: #26.5m) and
operating profit has increased by 24% to #9.7m (2003: #7.9m). Pre tax profit has
shown an increase of 31% to #8.9m (2003: #6.8m) and earnings per share increased
by 3% to 27.3p (2003: 26.5p). The movement in Earnings Per share reflects the
increased shares in issue during the period following the share placing in
October 2003. The Group has once again achieved a return on sales of 25%, a
figure which we believe to be well above the average for the sector.

The Group generated significant cash flows during the year and EBITDA for the
year was #10.9m (2003: #8.8m). Capital Expenditure during the year was #12.1m
(2003: #12.1m) and free cash flow after dividends, interest and tax was #8.0m.
(2003: #6.2m)

At 30 June 2004 the Group had net assets of #50.4m (2003: #25.8m) and net debt
was #6.4m (2003: #22.3m). Gearing stood at 13% (2003: 86%) and interest is
covered 10.8 times by earnings (2003: 6.9 times).


DIVIDENDS

The Board recommends an increase in the final dividend to 4.45p per share (2003:
4.34p) making a total dividend of 6.6p per share for the year (2003: 6.0p). The
dividend will be paid on 8 November 2004 to shareholders registered on 8 October
2004.


BUSINESS REVIEW

The year to 30 June 2004 has been yet another exciting and successful year for
the Group. During this period we have more than secured the medium term funding
requirement for the Group through the successful placing of 6.9m shares at a
price of #3 per share, raising #20m. These funds have been used to expand the
business in both the North of England and Northern Ireland as well as to further
invest in our freehold estate.



CHAIRMAN'S STATEMENT AND CHIEF EXECUTIVE'S REVIEW (Continued)


BUSINESS REVIEW (CONTINUED)

New Openings and Acquisitions

In August 2003, the Group invested #4m in the freehold acquisition of three
trading units in Belfast city centre. These units complement our beach club,
Bambu Beach, which opened in April 2003 and have traded in line with our
expectations.

In December 2003, the Group's third Coyote Wild bar was opened in Derby and once
again we are delighted with trade in this site. The success of this site further
strengthens our belief in the roll out of this concept where appropriate.

The Group completed its longest development project to date in March 2004 when
our latest Chase bar was opened in Durham. The Group acquired this site in 1998
and was eventually granted planning permission and licensed, following a public
enquiry, in 2003. The refurbishment was completed over the course of the year
and the site opened on 5 March 2004.

Our Chase styled bar in Jesmond, Bar Bacca at the Gresham Hotel, also opened in
December 2003. This has been the subject of a lengthy and ongoing legal battle
whereby five local residents, funded by a local trade objector, have objected to
the transfer of the licence.

Refurbishment of Freehold Estate

The Group continues to invest in its existing premises to take advantage of the
new momentum being introduced by the changes in licensing hours. During the year
we have refurbished our Royal Building site in the Bigg Market, Newcastle and
this opened as a 1200 capacity late licence bar in August 2004.

It is our intention to further invest in our current estate when the directors
feel that appropriate returns will be achieved. This re-investment in our
current portfolio ensures that the whole of our estate continues to contribute
significantly to the profits of the Group.

Post Year End Developments

The Group opened its newly refurbished site in Leeds, a 1600 capacity bar and
nightclub in September 2004.



MANAGEMENT AND STAFF

The Group has seen changes at board level during the year with the retirement of
our Chairman, Jon Pither. Jon has been with the Group since flotation in 1999
and his wise counsel has been much appreciated by the Board during this period.
We wish Jon a long and happy retirement.

Following Jon's retirement, Allan Rankin has become chairman of the Group and
Bob Senior is now Chief Executive.

Charles Williamson, formerly with Scottish and Newcastle Plc, has joined the
Group as a non executive director and we would like to take this opportunity to
officially welcome Charles to the Board.

The Group now employs more than 1000 people and we thank and congratulate our
staff for their valued contribution to the success of the Group. The calibre of
our personnel remains second to none and without their hard work and dedication
our success would not have been possible.


CHAIRMAN'S STATEMENT AND CHIEF EXECUTIVE'S REVIEW (Continued)


OUTLOOK

The consistent trading performance of the Group and its individual units once
again proves the strength of the Ultimate Leisure business model, a model which
the Group will continue to adhere to as it continues its expansion plans.

It has become apparent in recent months that there are serious concerns about
the levels of 'binge drinking' in the UK, a concern shared by the directors of
Ultimate Leisure. This problem is exacerbated by the all inclusive drinks offers
available in many high street outlets, an irresponsible policy which will never
be offered by Ultimate Leisure.

Ultimate Leisure has always favoured, and will continue to support and
encourage, a minimum pricing policy for drinks in the high street in an attempt
to limit these problems. This minimum pricing experiment has been successfully
implemented by Perth and Kinross licensing board and the Group supports the roll
out of this policy across the UK.

With yet another year of record profits behind us, the directors remain
extremely positive about the prospects for the Group notwithstanding the
extremely competitive trading environment prevalent in the high street at the
moment and look forward to another year of substantial growth for the Group.


Allan Rankin Bob Senior
Chairman Chief Executive
16 September 2004



CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the year ended 30 June 2004
2004 2003
#'000 #'000
Notes

TURNOVER 35,657 26,504
====== ======

OPERATING PROFIT 9,746 7,873

Net interest payable 2 (858) (1,103)

______ _____
Profit on ordinary
activities before taxation 8,888 6,770

Taxation 3 (2,758) (2,101)
_____ _____
Profit on ordinary
activities after taxation 6,130 4,669

Dividends - paid (524) (290)
- proposed 4 (1,084) (758)
_____ _____

RETAINED PROFIT 4,522 3,621

===== =====

The results of the Group for the year arose entirely from continuing operations.

There were no recognised gains or losses in the year to 30 June 2004 other than
the profit for the year.

Dividend per share 4 6.60p 6.00p

Earnings per share - basic 5 27.6p 26.7p

- diluted 5 27.3p 26.5p




CONSOLIDATED BALANCE SHEET
As at 30 June 2004
2004 2003
#'000 #'000
Notes
FIXED ASSETS
Intangible assets 6 250 258
Tangible assets 6 64,787 53,909

______ ______

65,037 54,167
______ ______

CURRENT ASSETS 423 359
Stocks
Debtors 7 1,758 1,382

Cash at bank and in hand 1,554 859
______ ______

3,735 2,600

CREDITORS - due within one year 8 (10,044) (8,476)

______ ______

Net current liabilities (6,309) (5,876)
______ ______

58,728 48,291

TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS - due after one year 8 (6,140) (20,701)

- Provisions for liabilities and charges 9 (2,208) (1,751)


______ ______

50,380 25,839
====== ======
NET ASSETS

CAPITAL AND RESERVES

Called-up share capital 2,437 1,747

Share premium 24,420 5,091

Other reserves 7,013 7,013

Profit and loss account 16,510 11,988

______ ______



EQUITY SHAREHOLDERS' FUNDS 50,380 25,839
====== ======




CONSOLIDATED CASH FLOW STATEMENT
For the year ended 30 June 2004
2004 2003
#'000 #'000
Notes

Net cash inflow from operating activities A 11,548 8,404
------- -------

Return on investments and servicing of finance 47 42
Interest received (905) (1,145)

Interest paid ------- -------

Net cash outflow from return on investments (858) (1,103)
and servicing of finance
------- -------

Taxation paid (1,431) (1,169)
------- -------

Capital expenditure (11,845) (10,916)
Purchase of tangible fixed assets - -

Sale of tangible fixed assets and investments 22 583
---------- ----------
Net cash outflow from capital expenditure (11,823) (10,333)
---------- ----------
Acquisitions (270) (932)

Dividends paid (1,282) (814)
---------- ----------

Cash outflow before financing (4,116) (5,947)

Financing
Net proceeds from share issue 20,051 -
Bank loans (15,240) 5,577

---------- ----------
4,811 5,577
---------- ----------

Decrease in cash B 695 (370)
====== ======



NOTES TO CASH FLOW STATEMENT

A Reconciliation of Operating profit to Operating cash flow
2004 2003
#'000 #'000

Operating profit 9,746 7,873

Depreciation 1,200 880

Profit on Sale of tangible fixed assets and investments (5) (128)

Change in Stocks (64) (100)

Change in Debtors (376) (246)

Change in Creditors 1,047 125
______ ______

Cash Flow from operating activities 11,548 8,404
====== ======


B Movements in net debt
2004 2003
#'000 #'000

Increase in cash 695 (370)

Decrease in loans 15,240 (5,577)
______ ______

Change in net debt 15,935 (5,947)

Opening net debt (22,299) (16,352)
______ ______

Closing net debt (6,364) (22,299)
====== ======


NOTES TO THE PRELIMINARY ANNOUNCEMENT
For the year ended 30 June 2004


1. Basis of Preparation

The financial information contained in this document does not constitute
statutory accounts within the meaning of section 240 of the Companies Act 1985.
The financial information for the year ended 30 June 2003 has been extracted
from the statutory accounts for that year which have been filed with the
Registrar of Companies and which contain an unqualified audit report. The
financial information for the year ended 30 June 2004 has been extracted from
the statutory accounts for that year which contain an unqualified audit report
but which have not yet been delivered to the Registrar of Companies.


2. Net interest
2004 2003
#'000 #'000

Interest payable (905) (1,145)
Interest receivable 47 42
------- -------
(858) (1,103)
------- -------

3. Taxation
2004 2003
#'000 #'000

UK Corporation Tax at 30% (2003: 30%) 2,758 2,101
-------- -------
2,758 2,101
-------- -------

The Group has adopted FRS 19 "Deferred Taxation" in these financial statements.


4. Dividend

A final dividend of 4.45p per share is proposed and, if approved at the
forthcoming Annual General Meeting, will be payable on 8 November 2004 to those
shareholders on the register at the close of business on 8 October 2004.



NOTES TO THE PRELIMINARY ANNOUNCEMENT (cont.)
For the year ended 30 June 2004


5. Earnings Per Share

Basic earnings per share is calculated based on the profit on ordinary
activities after taxation divided by the weighted average number of shares in
issue being 22,195,853 (2003 17,469,826). Diluted earnings per share is
calculated in accordance with FRS 14, based on 22,464,277 shares (2003:
17,611,682).



6. Fixed Assets
2004 2003
#'000 #'000
Intangible Fixed Assets

Opening Net Book Value 258 262

Additions - 3

Amortisation (8) (7)

--------- ---------
Closing Net Book Value 250 258
--------- ---------


2004 2003
#'000 #'000
Tangible Fixed Assets

Opening Net Book Value 53,909 42,628

Additions 12,095 12,339

Disposals (49) (248)

Depreciation (1,168) (810)
--------- ---------
Closing Net Book Value 64,787 53,909
--------- ---------



NOTES TO THE PRELIMINARY ANNOUNCEMENT (cont.)
For the year ended 30 June 2004

7. Debtors
2004 2003
#'000 #'000

Trade debtors 163 23
Other debtors 35 36
Prepayments 1,560 1,323
-------- --------
1,758 1,382
-------- --------



Other debtors include #35,000 (2003: #35,000) due after more than one year.



8. Creditors
2004 2003
#'000 #'000
Due within one year

Bank loans 1,778 2,457
Trade creditors 3,623 3,299
Corporation tax 1,833 963
Dividend payable 1,084 758
Other taxation and social security 966 500
Other creditors 24 130
Accruals and deferred income 736 369
--------- ---------
10,044 8,476
--------- ---------
Due after one year

Bank loans - due between one and two years 1,778 2,457
- due between two and five years 4,362 6,979
- due after five years - 11,265
--------- ---------
6,140 20,701
--------- ---------

9 Provisions for liabilities and Charges

Deferred Taxation 2,208 1,751
====== ======


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

[bollers] 07/9/2004 18:59

interesting the price made up nearly all lost ground today. Perhaps just a few sellers started a cascade effect with stop losses being triggered?

[bollers] 07/9/2004 08:32

Thanks. Didn't think it could stand for 'rocky horror picture show' as suggested by a colleague.

[money multipier] 06/9/2004 22:48

Bollers - RHPS a tip sheet for small investors called Red Hot Penny Shares.

The size of the sells suggest that could be a plausable reason for the drop - but if that's all that is behind it I'm not worried. They will be back at next week. Don't forget:-

"results for the year to 30 June 2004 will be towards the top end of current market expectations with sales for the period expected to be around 35% higher than the previous year" to be announced on 16th Sept.

[bollers] 06/9/2004 19:00

'scuse my ignorance Ru55, but what's the RHPS buy list?

[ru55] 06/9/2004 16:19

I know it had been on the RHPS buy list a few months ago - not sure if they've now changed their recommendation to Sell?

[stevemarkus] 06/9/2004 12:35

No idea - can't see any headlines anywhere, or any news items.

[money multipier] 06/9/2004 12:28

Can someone shread any light as to what has set all those sellers off this morning? My guess is a sell from some publication.

Anyone?

[clubman] 28/8/2004 18:06

Ultimate Leisure Group

Nightclub and bar owners

Insider Info Luminar is hovering ready for a takeover ULG has enormous freehold assets

[clubman] 15/8/2004 11:11

ULTIMATE LEISURE GROUP ( ULG )

Good buy over next 12 months

[welsheagle] 09/8/2004 21:20

From August's 'Company Refs':-
a/ Prospective PE ratio of 10.6 (based on six broker forecasts, one recommending 'strong buy', four recommending 'buy', and one no recommendation).
b/ Forecast growth in eps of 14.0%.
c/ Prospective dividend yield of 2.16%.
d/ PEG ratio of 0.76.
e/ Turnover up from £8.27m to £26.5m in last five years.
f/ Cash flow of 35.1p per share.

Overall these compare favourably with the rest of the market.

[welsheagle] 20/7/2004 19:57

RNS Number:0161B
Ultimate Leisure Group PLC
20 July 2004



Ultimate Leisure Group plc
20 July 2004


Appointment


Ultimate Leisure Group plc ("Ultimate Leisure" or "the Company") is pleased to
announce the appointment of Charles Williamson as a non-executive director of
the Company with immediate effect.

Mr. Williamson, 48, joins the Company from Courage Limited, the UK beer supply
company of Scottish and Newcastle plc, where he held the position of managing
director, regional sales. In this role, Mr Williamson led the Scottish Courage
business responsible for the wet sales to the independent bars throughout the
UK.

Prior to this he held a number of senior roles within Scottish and Newcastle plc
over the past 20 years. Mr Williamson is also currently a director of Courage
Western Limited.

Save as set out above, there is no further information to disclose in respect of
Charles Williamson under paragraph (f) of schedule two to the AIM Rules.

[welsheagle] 20/7/2004 19:49

LONDON (AFX) - Ultimate Leisure Group PLC, which is waiting for a court
hearing to rule on new license for its 1,000 capacity bar in Newcastle, said
magistrates have allowed the site to remain open and trading until the new
application is considered.
A local competitor and resident group requested a judicial review of the
temporary license, granted by magistrates June 24. The court found in favour of
Ultimate Leisure earlier today, the bar owner said.
The ruling is the latest stage in the ongoing battle by Ultimate Leisure to
convert the Gresham Hotel in Jesmond, Newcastle, into a large capacity bar. It
needs a new license to do that, which was granted by magistrates in August last
year, then deemed invalid in April, following a judicial review in the High
Court.
The group protesting the conversion, Rindberg Holding Company, is being
backed and funded by a local bar operator, who owns five bars on the same street
as the contested Gresham Hotel, including the largest on Osborne Road, Osbornes
Bar.
Ultimate Leisure was awarded costs pertaining to the judicial review, it
said.

[welsheagle] 17/7/2004 19:29

In the Daily Mail today, under the 'Broker Buys' section, it mentions that Durlacher are tipping at a price of 330p.

[stevemarkus] 15/7/2004 13:04

Interesting that over the last few days, there have been some comparatively high volumes going through. I haven't padi close attention to these, but one day there were 1.5M traded, another more than 150k. I just wonder whether some of this leaked - precious little reaction at the moment.

[philjh] 15/7/2004 08:58

excellent news from the company - they seldom disappoint

[welsheagle] 15/7/2004 07:43

LONDON (AFX) - Ultimate Leisure Group PLC said full year results will be
towards the top end of current market expectations with sales for the period
expected to be around 35 pct higher than the previous year.
These results have been achieved despite the ongoing competitive environment
on the high street, it added.