Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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this little company has been the darling of aim - however everyone is too interested in buying high risk commodity based stocks to notice true value like this company
Anybody know why such a large jump..Not complaining ..just wondering why it took so long since last RNS
is an excleaant business, im not too sure if its shares are an excellant investment at this price, i was buying in the 90p range a while back butsold arond 117p which was too soon :(
mill big trade....
mill trade......?..... taste>ok....
I wouldnt even bother wasting your time even looking at this one is my advice Glad to say I m not in the UK, cnt stand the cold there
not even sure who they r,footy i guess,if the names owt to go buy...... think we're all avin a postal frenzy at the minute..lol... god its cold in the uk...
Ahhhh ok, a board hopper ! lol I got a small holding here, not one of my better judgements to be honest
ok then honey..lol..and no,i dont know owt about them,just saw the large trade go thro,thatz all...... board hopping....
You in here too ???....maybe we should get a room ...lol
big trade.....
Outlook The first 12 weeks of the second half of the year has seen Goals continue to perform in line with Management expectations. Following a successful national marketing campaign in The Sun and on talkSPORT radio we have seen an increase in enquiries and new teams playing at Goals. Our "Get Back In The Game" campaign introduced in 2011, and repeated in 2012, to encourage summer lapsed players has again proven successful. The new Chester centre continues to perform well and lays a firm foundation for the further roll out of this format. The Board is committed to improving returns from our enlarged estate and reducing the current level of net debt to under £40m before year end 2014. New centre roll-out will be at a rate consistent with achieving this and we are confident that this strategy will lead to increasing returns for shareholders.
Keith Rogers, Managing Director of Goals said: "2012 has proven to be an eventful period for Goals with a number of positive outcomes that deliver on-going benefits for our business including the opening of our first modular build site in Chester, which is performing as Management had expected, and a successful appeal against HMRC's decision concerning league bookings and VAT. As Goals has grown significantly in size we are now also able to take advantage of our national presence and benefit from promotions and sponsorships deals that our size now affords. "Our focus on customer service ensures the Goals concept continues to be popular with players, as evidenced by a recent survey where 91% of respondents voted Goals equal to, or better than other places they had played. "The Board is committed to improving returns from our enlarged estate and reducing the current level of net debt to under £40m before year end 2014. New centre roll-out will be at a rate consistent with achieving this and we are confident that this strategy will lead to increasing returns for shareholders".
Operational highlights · New innovative modular build concept successfully developed at Chester on time and on budget: o reduces capital expenditure to £1.5m per centre (from £2.3m) o reduces build time to 14 weeks (from 22 weeks) o significantly improves return on capital · Successful national marketing campaign launched on talkSPORTradio and in The Sun · Successful appeal against HMRC ruling on VAT in regards to league block bookings Current Trading Goals has continued to experience like-for-like growth, with core football continuing to perform well, since the end of the half year despite the period including the London 2012 Olympics.
Goals Soccer Centres plc Interim Results for the six months ended 30 June 2012 Goals Soccer Centres plc ("Goals" or the "Company") is the leading player in the fast growing 5-a-side soccer market. The Company currently operates 43 centres in the UK, one in Los Angeles and has established a pipeline in excess of 40 sites. Financial highlights · Sales up 11% to £16.3m(2011: £14.7m) · Like-for-like sales up 2%(2011: 3%) · Adjusted EBITDA* up 9% to £6.9m (2011:£6.4m) · Adjusted Profit Before Income Tax* up 10% to £4.4m (2011: £4m) · Net exceptional cost of £2.8m relating to professional fees on aborted takeover and the successful VAT case (£1.3m), write off of development costs associated with traditional build (£2m) and income of £0.5m in relation to the VAT case · Profit Before Income Tax £1.6m (2011: £4m) · Adjusted diluted Earnings Per Share* up 16% to 6.6p (2011: 5.8p) · Ordinary dividend maintained at 0.675pper share · Net bank debt of £53.9m (2011: £54.4m) · The Company is exploring options to provide additional balance sheet flexibility and has received strong initial indications of support from a number of existing shareholders * Adjusted profit before tax is profit before tax adjusted for the impact of the net exceptional cost of £2.8m (2011: Nil). Adjusted Diluted Earnings Per Share is Diluted Earnings per Share adjusted for the net of tax impact of the exceptional items.
http://www.investegate.co.uk/Article.aspx?id=201209280700453927N
Shame I can't buy these in an ISA, I would have picked some up today.
........should have put MW.
Just wanted to say "Ta much".. read about this one from one of your posts... gave it a punt and doing nicely.. Not the best but nicely.. Ta
mylastquid - howdy - no, not here at present. I thought she might drop to 105 - 110 but it didnt quite so I missed the rise from 115. Nice broker note from Brewin although they should always be read with interest and not as a 'guaranteed ' price destination !
N+1 Brewin reiterated its "buy" recommendation for Goals Soccer Centres (GOAL) with a 155p target price. The broker expects the 5-a-side football company's successful VAT appeal to enhance earnings per share by around 10% over the next three years. Brewin said there may be some lurking disappointment over the failed takeover bid by the Ontario Teachers' Pension Plan, but maintained that the 144p per share offer undervalued the business. On the broker's forecasts, the shares trade on a prospective multiple of 8.8 times for 2012, falling to 8 times in 2013.
Six-a-side football pitches operator Goals Soccer Centres has won an appeal against a ruling made by HMRC, resulting in a boost to full year profits. Earlier in the year HMRC issued a business brief relating to the five-a-side soccer industry, indicating that all income relating to commercially operated sports leagues should be standard rated for VAT. HMRC then confirmed that Goals should treat pitch block bookings by league customers as being standard rated, a decision the firm successfully appealed. As a result pre-tax profit is expected to increase by at least £0.5m per year in the current year and beyond.
Are still in this with us.?
Successful Appeal of HMRC VAT Ruling In our Preliminary Results announcement of 28 February 2011, the Company indicated that on 9 February 2011 HMRC had issued a Business Brief which was relevant to the five-a-side soccer industry, indicating that all income relating to commercially operated sports leagues should be standard rated for Value Added Tax ("VAT"). In March 2011, HMRC confirmed that the Company should treat pitch block bookings by league customers as being standard rated. The Company appealed against this ruling in July 2011 and this appeal has been successful. Management expects this result to increase Profit Before Tax by at least £0.5m per annum in the current year and going forward.
I bought in a while ago at 90.5p and sold 116p before all the takeover business. I was shocked to see majority of shareholders didnt approve the bid. Are we thinking there was an element of greed in hoping they would improve their offer? I think 145p for goal is a very generous offer i doubt them prices will be reached anytime soon.