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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Powerleague - Patron bids 52p a share

November 2009

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.

  • Epic Code:
  • Powerlea
Five-a-side football pitch operator Powerleague's final results showed reasonable progress with adjusted pretax profit rising 4% on revenue 17% ahead but these have since been overshadowed by a 52p per share cash bid from Patron Sports Leisure, already the largest shareholder with a 29% stake. Including net debt of £36m the offer gives Powerleague an enterprise value of £79m or 7.7 times EBITDA.We made Powerleague a New Year NAP for 2009 at a price of 29p so the gain is 79%. Accept the offer. ...

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