Updates

Powerleague

April 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Five-a-side football pitch operator Powerleague has announced the acquisition of five indoor soccer centres from JJB Sports, 109p, for a maximum Â£17.4m. The newly acquired centres, in Manchester, Wigan, Derby, Blackburn and North Shields, have 69 pitches between them and generated estimated turnover of Â£6m in the year ended 31 January. Numis has adjusted this yearâ€™s pretax profit forecast downwards by 9% to Â£5.2m (4.4p) reflecting one-off marketing and re-branding costs. Meanwhile forecasts for 2009 and 2010 have been edged up 1.5% and 4% to Â£6.5m (5.8p) and Â£8m (6.7p) respectively. Given the recession resistant nature of the business, the shares are a solid hold. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

IG Group - Market volatility driving growth

Speedy Hire - Q3 revenue up 43%

Powereague (May 2009)

Powerleague (April 2009)

Powerleague - Directors buy on eight occasions (January 2009)

Powerleague - Director buying after results (November 2008)

Powerleague - Shares starting to look cheap (September 2008)

Powerleague (May 2008)

Powerleague - Two new centres to open in H2 (January 2008)

Powerleague - Price target raised to 130p (December 2007)

Powerleague (June 2007)

Powerleague - 5-a-side football firm with healthy new openings pipeline (April 2007)

Powerleague - Interesting five-a-side football play (July 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X