NW13 Apr 2017 14:34
Not me matlot.
I love this company and the trading opportunities that it has provided.
Hopefully there will be further opportunities, for I just cannot see our friends from north London turning their backs on that £10 million support already provided.
Those concert party constituents run a chain of Health Clubs under the Playgate name.One of these alone,Playgate Regents Palace,made a profit of £1,249,117 in the year ended Dec 2015.
Interestingly the various clubs operating under the Playgate banner have recently all been brought together,becoming wholly owned subsidiaries of The Healthclub Collection Ltd,which itself is owned and directed by Concert Party members and which was recently renamed and reorganized for this specific purpose.
Why then,would this very wealthy market orientated clique continue to plough serious cash into FITB yet otherwise remain unconnected except for its shareholdings and providing essential financial support?
For me,they either see the FITB business model gaining sufficient traction to enable profits to be generated,or (as this seems virtually impossible)to introduce a new dimension via the injection of their Health Club expertise,and or,businesses.
I might be totally wrong,yet if I were involved in NW1,I would certainly float such a possibility,watch the shares rocket and recoup(more) money on the ensuing spike or alternatively actually reverse Healthclub into FITB.
Either way could prove profitable for share holders.