Takeover offer announced only a couple of hours after you posted Harry34, timing couldn't have been better!
Completely ignored by the markets, something happening behind the scenes...
20 Mar '15
up for sale
nice rise after results. Think the company is up for sale judging by the slightly cryptic comments in the prelim results. Great business, and well done to management
12 Mar '15
EBITDA and pre-tax profits in line with forecasts. Net cash of £2.3 million at year end. Improving trend post year end with Essenden showing increased sales on the same period as last year. As the financial position has improved investment in the sites has been increased to further strengthen the operations and deliver growth. There is further potential for profit growth within the existing business. Nevertheless, your board believes that the Company has now reached a point where it is appropriate to examine a range of strategic options which could further enhance shareholder value given recent and potential corporate activity in the bowling sector. The board will look at all feasible options that can meet this objective. A further announcement will be made once the board has analysed all of the options to determine whether they are likely to be more beneficial to shareholders than the current situation. Outlook: The new financial year has commenced with like for like sales growth of 4.2% in the 10 weeks to March 8th 2015 against strong comparators.
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