Updates

Powerleague - Price target raised to 130p

December 2007

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 reportedexcellent results for the year ended 30 June with pretax profitincreasing 27% to Â£5m (ahead of forecasts of Â£4.8m) on turnover whichrose 12% to Â£23m. Adjusted eps rose 27% to 4.5p (beating estimates of3.9p) thanks to lower than expected tax of 26% arising from a change inthe rate of deferred tax provision. Net debt was broadly unchanged atÂ£18.5m, leaving gearing at 96%.Growth came partly through a 5% increase in like-for-like sales,driven by better pitch utilisation and also through the first timecontribution of three new centres at Cardiff, Milton Keynes and London.The latter takes the total to 37 sites with 379 floodlit all weatherpitches. Gross margins improved by ...

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

Subscribe now

Already a subscriber? Login

Connaught - Shares rise more than 50p

Spice

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 (April 2008)

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

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