Updates

Powerleague - Director buying after results

November 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.

Final results and a battered share price have encouraged chairman Claude Littner and chief executive Sean Tracey to buy 840,000 shares each at a price of 32p, which is clearly a vote of confidence. For the year to 28 June, the five-a-side football operator reported that pretax profit remained constant at Â£5m on revenues that rose 15% to Â£26.3m. Eps fell 10% to 4.1p, reflecting increased interest costs and a higher tax rate (33% versus 26%). Net debt doubled to Â£38m, mainly through the Â£24m capital investment in new centres and refurbs. While no new openings are expected this year Powerleague still has reassuring borrowing headroom of c. Â£8.5mThe disappointing results are more a reflection of investment in the future than anyt ...

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Powereague (May 2009)

Powerleague (April 2009)

Powerleague - Directors buy on eight occasions (January 2009)

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 - 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.

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