Westside Acquisitions Share Discussion Threads

[ursamajorra] 12/2/2005 08:45

I`m in on monday.

[seagreen] 11/2/2005 18:05

Which is nice

[canford cliffs] 11/2/2005 15:02

500K buy at 4p ............ does somebody know something?

[rivaldo] 11/2/2005 14:56

And a 500,000 share buy at 4p. Maybe another buyback?

[rivaldo] 11/2/2005 14:13

Yep. YRK up above £1.20 now. There was a large-ish trade the other day which has maybe prompted some interest.

[mark c graham] 11/2/2005 13:12

No change so far today, but this looks ready to move now. The MMs want stock all of a sudden, and that hasn't been the case for a long time.

[topvest] 09/2/2005 21:02

Spoke to Geoffrey Simmonds a while back. He seemed bullish on York Pharma. Some more deals are in the pipeline for April/May, but didn't sound like anything was imminent. Obviously, he go only say a limited amount.

[ursamajorra] 09/2/2005 19:41

Large buy today,don`t want to tempt fate,but are we about to motor here or what ????

[ursamajorra] 01/2/2005 16:17

YRK will make this motor.

IMHO

[tigerfox123] 01/2/2005 16:00

at last a little movement north
maybe some news tomorrow or thursday

[mark c graham] 01/2/2005 14:42

The discount to NTA is wider than ever, following YRK's recent gains. I've just topped up, which at least seem sto have sent the price up a little.

[mark c graham] 01/2/2005 13:39

Interetsing developments at York Pharma



YRK is currently worth about 2.3p a share to WST.

[ursamajorra] 31/1/2005 21:39

Please post his response on here.TIA

[topvest] 31/1/2005 21:36

Two RTI shells listed are still RTI Eighteen plc and RTI Twenty plc. No name change yet. Suspect we are getting closer to the next deal. I'll try and give Geoffrey Simmonds a call this week to see how things are going.

[topvest] 26/1/2005 22:35

This doesn't seem to impact WST's strategy....

FT article - good news for current shells?

Cash shells face tighter Aim rules
By David Blackwell
Published: January 26 2005 02:00 | Last updated: January 26 2005 02:00

Aim is set to tighten its rules on cash shells, which have become an increasingly popular route to market.


The London Stock Exchange will next week publish for consultation proposals intended to keep the more speculative shells from joining the junior market. If the plans win the approval of the nomads (nominated advisers) and other Aim participants, they could take effect from March. They will apply to cash shells that have already joined the market but which have not yet done a deal.

The main plank of the rule change is a proposal to give cash shells just 12 months to do a deal. If no deal were to be completed in that period, the shares would be suspended - although the shells would be allowed a further six months to find a deal before being delisted.

The rule changes will also suggest that cash shells must raise a minimum of £3m through the flotation, and must also submit a much more detailed business plan than has hitherto been required.

"Cash shells have a valid role on Aim," the LSE said yesterday. "But the success of Aim is dependent on maintaining its reputation."

There are about 30 cash shells among the 1,000-plus companies listed on Aim. They can offer much promise, but they require health warnings. The most commonly cited case is Knutsford, a vehicle for Archie Norman, Julian Richer, Nigel Wray and Nicholas Leslau, who were planning to bid for a large retailer six years ago.

Excited investors quickly drove the stock from 1p to 270p - but no such deal materialised. Instead it eventually bought an investor relations firm and now trades under the name WILink.com.

Interest in cash shells has picked up again following the success of David Page, the former chief executive of PizzaExpress, who started Clapham House Group as a cash shell in order to build another restaurant chain.

He was quickly followed by Urban Dining, which raised an initial £2.75m through a placing with six institutions including Henderson Global, Framlington, Isis and Unicorn. All six took part in the secondary fund raising five months later, when Urban acquired Tootsies, a chain of 23 burger bars.

In September, Augean floated as a cash shell, with institutional backing for a plan to take advantage of consolidation moves in the hazardous waste and water supply industries. It initially raised just £2m at 125p, quickly returning to market two months later to raise a further £100m at 180p for the acquisition of two hazardous waste companies.

The company, which has yet to report any results, now has a market capitalisation of £165m.

[topvest] 10/1/2005 19:35

Hi. That seems good news - maybe an IPO in March then, at a guess. I think that they could do with selling Westside Sports whilst conditions are good - would need to be in the second quarter if it's an IPO as the results will need auditing and it's a december y/e. I've sold out totally on ADDleisure now for a reasonable profit - may get back in later, but looks a bit pricey and a profit is a profit.

[rivaldo] 10/1/2005 15:19

Hi topvest. Still have some BNX - intriguing how the price holds despite constant selling.

I also just spoke to Geoffrey Simmonds. He's expecting another IPO this quarter, and in fact he's hoping for one every quarter in 2005! And he agreed that given the Goals IPO, the Elms was in for nothing in WST at present.

I'm happy for the WST price to drift. Over time I hope to accummulate some more.

[highland drovers] 07/1/2005 14:11

Time to catch the dip before this one gets back on the right track. Just finished the full year, so results should be along in a few months time. With the success of the companies recent listings, there is every likelihood of at least a positive run up to the results statement or the very least the prospect of another new company to list on the market.

All IMHO.

[topvest] 19/12/2004 11:06

Rivaldo - apologies, didn't see your post. Looks like we are both on a similar wavelength on this one. Spoke to Geoffrey Simmonds at the time of the ADDleisure float and he seemed to indicate that they were fairly busy with a number of prospective deals (but I guess he would do!). Suspect that in the spring there may be another one. Provided the Elms do well in H2 i think it will be time to realise the investment, hopefully via a demerger, parallel placing and open offer. The Elms wouldn't be ready for an IPO until April time imo with a december year-end.

Are you still in Bionex and Abingdon Capital? Both look rather interesting imo.

[rivaldo] 19/12/2004 09:49

Topvest, er yes, one of us noticed - see my posts 8 and 10 above! You're absolutely right - Goal have £20m to sprnd from memory, so maybe they'll take The Elms off of WST's hands...l

Out of interest, have you spoken to WST about the next float, or is this supposition on your part? I was intending to have a word myself (if they're not all off for Xmas by now!).

By the way, are you simonevans - I assume so (I always rated your posts)?

[topvest] 19/12/2004 09:34

Next reverse takeover vehicle seems to be RTI Eighteen plc. Not changed it's name on the Companies House web-site and so the next deal is probably a couple of months off.

Anyone noticed that Goal Soccer Centres PLC have just listed on AIM at a £26m valuation. They seem to be in a different league to the WST five a side company, but maybe this will spark some interest in a separate listing for their sports interests. This could provide some upside to WST shareholders in 2005.

From the Goal prospectus:

"The Directors believe that 5-a-side football is one of the fastest grwoing sports in the UK and that there is a major coomercial opportunity to satisfy significant potential demand through the provision of "next generation" facilities."

From the interims:

"Westside Sports Limited

In the half year to 30 June 2004 Football Partners Limited, trading as The Elms,
incurred a loss before taxation of #35,611 (2003 - loss #74,456). We are
confident that there will be an improvement in the second half of the year
resulting from an increased contribution from new 5-a-side leagues and other
seasonal activities."

Web-site also seems to be much improved.

[topvest] 19/12/2004 09:25

Next reverse takeover vehicle seems to be RTI Eighteen plc. Not changed it's name on the Companies House web-site and so the next deal is probably a couple of months off.

Anyone noticed that Goal Soccer Centres PLC have just listed on AIM at a £26m valuation. They seem to be in a different league to the WST five a side company, but maybe this will spark some interest in a separate listing for their sports interests. This could provide some upside to WST shareholders in 2005.

From the Goal prospectus:

"The Directors believe that 5-a-side football is one of the fastest grwoing sports in the UK and that there is a major coomercial opportunity to satisfy significant potential demand through the provision of "next generation" facilities."

From the interims:

"Westside Sports Limited

In the half year to 30 June 2004 Football Partners Limited, trading as The Elms,
incurred a loss before taxation of #35,611 (2003 - loss #74,456). We are
confident that there will be an improvement in the second half of the year
resulting from an increased contribution from new 5-a-side leagues and other
seasonal activities."

Web-site also seems to be much improved.

[mark c graham] 14/12/2004 12:52

ADE right back down today.

[rivaldo] 13/12/2004 18:38

Yep - ADE closed at 6p, up 20%. YRK have completed a decent fundraising at 80p, so that should put a floor under their price (I 'd guess there'll be newsflow following the fundraising). And CLS has doubled recently - this may have added another £150k or so to your NAV Mark?

Must phone the company to see if there's any more flotations planned.

[mark c graham] 13/12/2004 14:41

A positive update from AddLeisure has put them up 27% today.