29 Apr 2016 07:48
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
ELTA.L Share News (ELTA)
ELTA Share
Price
ELTA Share
News
ELTA Share
Chat
ELTA Share
Trades
ELTA
Live RNS
ELTA Share
Charts
ELTA Broker
Ratings
ELTA Directors
Deals
ELTA Financial
Diary
ELTA
Fundamentals
ELTA Short
Positions
ELTA
Media
ELTA.L Information
- There is currently no data for ELTA
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Electra Partners announces successful Hollywood Bowl IPO
Fri, 16th Sep 2016 07:38
(ShareCast News) - Electra Partners has announced the successful initial public offering of its portfolio company Hollywood Bowl Group, a ten-pin bowling operator in which it owns an 85% interest.Electra said that upon admission to the Main Market of the London Stock Exchange on 21 September, Hollywood Bowl will have a market capitalisation of £240m. Based on the offer price, Electra's equity and debt investments in Hollywood Bowl have a value of £217m, an uplift of £62m on the valuation at the end of March and equivalent to a net asset value increase of 126p per share. On admission, Electra is expected to receive cash proceeds of £153m from the sale of its equity investment and the repayment of £22m of debt instruments issued by Hollywood Bowl.In addition, it will hold about 18% of the issued ordinary share capital of Hollywood Bowl with a valuation at the offer price of £42m.Bill Priestley, chief investment partner at Electra Partners, said: "This investment is a great example of Electra Partners' investment strategy in action. When we first invested two years ago our plan was to accelerate the company's growth and, together with Steve Burns and his team, this is exactly what we have done: bringing forward and expanding the company's organic growth investment programme, developing the new site pipeline, and leading the acquisition of Bowlplex."Altogether these actions have more than doubled the size of the business while transforming it into the UK market leader with multiple levers for future growth."
More News
4 Apr 2016 13:44
Director dealings: Bramson keeps picking up Electra stock
(ShareCast News) - Activist investor Edward Bramson, who won a place on the board of Electra Private Equity in November after a 21 month-long battle with the board, has continued to snaffle more shares in the group. On Monday the company revealed that last week Bramson's Sherborne vehicle had bought
Read more15 Mar 2016 11:37
BUZZ-UK Budget: Liberum latest to warn of interest tax change
** Liberum latest broker to warn a possible change in the way UK allows cos to claim tax breaks could hit highly-levered stocks ** Government looking to cap tax breaks from interest payments on debt at 10-30 pct of EBITDA. Link: http://bit.ly/1MgJSoO ** Liberum screens for stocks with
Read more19 Feb 2016 16:09
4 Feb 2016 15:44
Activist investor Bramson ups stake in Electra Private Equity
(ShareCast News) - Edward Bramson has increased his stake in Electra Private Equity through his Sherborne Investors vehicle, three months after finally getting onto the board. Bramson, who was elected to the board in November, purchased 2,850 shares for £98,439. He has been slowly upping the stake
Read more4 Feb 2016 08:58
Electra sells Daler-Rowney to FILA Group
(ShareCast News) - Electra Private Equity has sold its stake in Daler-Rowney to the FILA Group, a Milan-listed producer of writing instruments and art supplies. The FTSE 250 company said it had received around £32m for the fine art materials producer, which was 163% higher than its valuation at 30 S
Read more28 Jan 2016 09:38
Electra Private Equity charges into new financial year
(ShareCast News) - Electra Private Equity charged into the financial year in bullish mood, with its board describing its first quarter as "excellent" on Thursday. The FTSE 250 firm said its share price of 3757p on 31 December 2015 reflected a total return of 15% since the start of the period, agains
Read more25 Jan 2016 07:43
Electra Private Equity to review investment strategy
(ShareCast News) - Electra Private Equity is undertaking a review into its investment strategy and policy as well as the company's structure, as it looks to maximise long-term shareholder value. The FTSE 250 investment firm announced the review on Monday, the first major review since it was approved
Read more21 Jan 2016 16:16
London close: Stocks gain on ECB stimulus hopes
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read more21 Jan 2016 16:10
21 Jan 2016 15:41
FTSE 250 movers: Halfords leads the peloton
(ShareCast News) - The FTSE 250 was in the black mid-afternoon Thursday, up 164.74 points (1.05%) to 15,805.75. Halfords pedalled to the front of the peloton after it said group like-for-like sales rose 0.3% in the third quarter with the company reporting that full year pre-tax profit expectations w
Read more