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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Powerleague - Shares starting to look cheap

September 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.

  • Epic Code:
  • PWR
  • Price:
  • 46p
Readers could be forgiven for thinking that trading has collapsed given the weak share price in five-a-side football operator Powerleague but its pre-close update covering the year to 28 June instead noted that trading is running in line with management expectations. Final results are now expected to be unveiled on 2 October. The period has seen the successful integration of the former JJB Sports soccerdome football centres, while the group has also opened four new centres in Cardiff, Old Street in London, Milton Keynes and Shrewsbury, all of which have performed well since opening. Separately, Powerleague has announced the acquisition for an undisclosed amount of an existing centre in Stockton-on-Tees.Broker Altium Securit ...

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