Ultimate Leisure Share Discussion Threads

[arthur_lame_stocks] 20/9/2006 19:06

Are these worth keeping an eye on as a possible contrarian punt?

The price is now down to around the NAV and they were profitable and cash generative before all the exceptionals.

The balance sheet doesn´t look that bad, not totally overgeared anyway. I know some of the new competitve pressures aren´t going to go away but the trading environment should improve eventually. Shouldn´t it?

[lbo] 19/9/2006 12:01

Their record speaks for itself. But hey! thats why they make the serious money and the rest of the fools post on advfn wishing they could make any money.

I suspect we will see their "strategy" soon

[jeffian] 19/9/2006 11:02

Slightly less millions in this one than they started with. Who knows about their longer-term strategy, but their timing isn't great:

[lbo] 19/9/2006 10:27

Well thats why your the cleaner and why the Reubens are millionaires!

[thecleaner] 19/9/2006 08:05

I like what they call excellent cashflow. £6m cash outflow before financing. The only reason they kept their head above water is via £10m new financing. These people are liars and wouldn't touch it with a barge pole.

[andyh69] 04/9/2006 14:56

Do they still have their stake?

[lbo] 28/7/2006 16:05

Dont think its anything to do with that anymore. Its a property play and trades at a substantial discount to NAV. I think the Reubens will move soon IMHO. They hardly own close to 30% for the fun of it!

[spacecake] 24/7/2006 11:32

Late licence and the smoking ban seem to be a couple of rather large hurdles for ULG to jump. Large nightclubs with nowhere for punters to go for a smoke, pubs on late licences with garden acting as smoking area.

Other large pub chains using quality food to attract non smoking punters which is working for some of them as they make more from food sales than beverages.

[frizsand] 08/7/2006 11:41

Yes, it is LBO, I stated a while back that the profit warnings were overdone in my opinion and it seemed as if they wanted the share price to tank, maybe I am being dramatic. With the current shareholder line-up things will likely get interesting as you say.

[lbo] 07/7/2006 17:42

So the Chairman and a Director are buying now. Interesting!

[lbo] 05/7/2006 15:00

It wont be long now until they take it out IMHO

[whipround] 05/7/2006 12:59

Mr Jones doing a great job then.

[boldbidder] 16/3/2006 17:07

bought some today on the basis that David and Simon Reuben are not passive investors. They will shake this company up. They already own wellington pubs and will have something in mind for this business. may even see them paid to go away

[lbo] 16/3/2006 14:19

More buying today on the weakness

[lbo] 14/3/2006 13:07

A lot of buying this am. Goes ex div tommorrow. (will side with the Barclay bothers over Jeffian on this one!)

[lbo] 10/3/2006 16:04

Jeff for a man that thinks these companies are a "pile of poo" (and how intelligently and maturely you express yourself) you seem to follow them with a lot of interest and emotion.

Funny that

(ps I see your trying to insinuate above that you believe you have an indepth knowledge of the pub/bar/lesiure sector.. (Are you an aggrieved bartender by any chance?)

[bobbybob2] 10/3/2006 10:07

can anyone tell me how an 11% drop in turnover leads to a 70% drop in profits at half year?

[frizsand] 08/3/2006 12:35

jeffian, meet LBO
LBO, meet jeffian
Come on now, shake hands!

lol! Ju.