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Clear Leisure - Undervalued stock @ 1.20p NAV of 7.20p (CLP)     

mentor - 29 May 2015 10:24

Clear Leisure plc is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies within the leisure sector and its broader associated industries.

Clear Leisure is headquartered in London with the majority of its operations located within Italy. Clear Leisure's core assets, where the Company owns a majority controlling stake, include a leading Italian hotel management company (Ora Hotels), Italy's largest sushi restaurant chain (Sosushi), Italy's most successful water theme park (Ondaland), and a 670,000 sq m (165 acres) tract of real estate, which has been approved for the development of a major theme park, hotel, shopping complex and commercial activities (Mediapolis).

Clear Leisure's investing strategy allows it to be either a passive or active investor and the Company's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions. It is usual for one or more members of the Clear Leisure board to take a seat on the board of the investee companies.
-----------------
Low market cap 2,52M
210,409,377 Ordinary Shares
26M shares in the free float
-----------------
Major Shareholders on 6th May 2014
EUFINGEST S.A. 27.6%
ALFREDO VILLA 14.2%
LUKE JOHNSON 12.5%
LYNCHWOOD NOMINEES LIMITED 10.0%
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD 9.2%
COFIRCONT COMPAGNIA FIDUCIARIA 7.5%
RELGILCO SRL 6.3%

Chart.aspx?Provider=Intra&Code=CLP&Size=Chart.aspx?Provider=EODIntra&Code=CLP&SiChart.aspx?Provider=EODIntra&Code=CLP&SiFlag Counter

mentor - 29 May 2015 10:58 - 2 of 62

Some suggest the company is on serious problems

but the lat RNS points to better thing to come

. They have sold a fund and €500,000 is due in any day from that.
. They have just had a placing and raised £100,000
. The companies assets (nett) almost 6 times the share price and 5 bidders are in the frame to buy them.
. Shareholders were told at the AGM that years of hard work was about to come good and the directors were not going to tip that down the drain just as things come good

mentor - 29 May 2015 16:52 - 3 of 62

Has managed to hold at best of the day with 2.26M shares traded, not as many as yesterday but close enough

avatar92.jpg?1446792403

mentor - 29 May 2015 17:17 - 4 of 62

Shareprophets says today 2.5p+

http://www.shareprophets.com/views/12484/zak-mir-s-bulletin-board-heroes-featuring-african-potash-bushveld-minerals-clear-leisure-dji-holdings-and-orogen-gold

mentor - 31 May 2015 22:25 - 5 of 62

CLP, Clear Leisure lodged two claims a claim for damages for up to EUR 39’650’000 against Regione Piemonte - 30th May 2015

Further to the announcement of 12 January 2015, the Company is pleased to
announce that at the Annual General Meeting of Mediapolis S.p.A ("Mediapolis")
held on 26 January 2015, shareholders approved Mediapolis' unaudited annual
report and financial statements for the year ended 31 December 2014 which have
subsequently been filed.

In these financial statements, Mediapolis reported a profit before tax of EUR
7'425'326 and net shareholder equity (net of the all Mediapolis debts) of EUR
24'346'116. As a result of its recent subscription, Clear Leisure has an
interest in Mediapolis of 82.4 per cent.

Whilst Mediapolis's accounts have been approved by the shareholders, the
accounts were not subject to an audit as Mediapolis is a privately held
company. In order to assist with the preparation of Clear Leisure's report and
accounts for period ending 31 December 2014, Mediapolis has appointed
Audirevi-Nexia, a Milan based Auditor which has commenced the process.

The Company further announces that, on 28 January 2015, Mediapolis formally
lodged two claims a claim for damages for up to EUR 39'650'000 against Regione
Piemonte as a result of unacceptable delays in obtaining specific building
permits from 1999 to present.

The Company advises that, for prudent accounting procedures, no value was
attributed to the claim for damages against Regione Piemonte in Mediapolis'
annual report and financial statements.

The Company will keep the market appraised of future developments.

mentor - 02 Jun 2015 13:25 - 6 of 62

Some large buying trades on now 100K and 250K, and the share price does the same

mentor - 02 Jun 2015 13:34 - 7 of 62

Clear Leisure Plc / CLP
https://www.voxmarkets.co.uk/company/CLP/

Westhouse “there is no longer intermittent technical overhang which will now benefit investors” close the gap with 12.14p asset value.

mentor - 02 Jun 2015 13:44 - 8 of 62

Some TA

Chart.aspx?Provider=EODIntra&Code=CLP&Si

mentor - 10 Jun 2015 11:07 - 9 of 62

from directors talk

CLP, Clear Leisure – Special Situation with huge upside - 8th June 2015

CLP has made a proposal to restructure Mediapolis debt and this has recently been well received by the courts so looks promising. This announcement values the company at €23.6m.
But they have also had two cash offers for the company (finally!) for €20m (£16.5m). I don’t think it’s unfair to take this as the value given the two offers, so CLP’s stake is worth £11.5m.

skyhigh - 11 Jun 2015 19:13 - 10 of 62

looks good (imho) Been in a few weeks now..just waiting for the action to start!

mentor - 16 Jun 2015 09:22 - 11 of 62

1.25p = ( 1.20 v 1.30p )

Prices paid for good size trade indicates some interest on the share today

not yet movement on the share price, though level2 is lively and gone positive since and the paying price is close to full ask

time to move forward after the pause

maestro - 16 Jun 2015 11:23 - 12 of 62

but told alfredo wants his 5 yearly 10 bagger to buy his new ferrari...times about right

deltazero - 16 Jun 2015 12:02 - 13 of 62

undervalued stock imo

mentor - 16 Jun 2015 12:12 - 14 of 62

June 2015 newsflash:

'Clear Leisure Plc ,Thomas Cook Group plc (“Thomas Cook”) and the Company’s 73.43 per cent. owned Italian hotel management company, ORH SpA. have signed an important agreement on the Watamu Bay Resort Hotel in Kenya. Thomas Cook, one of the world’s biggest tour operators, will be entitled to the exclusive booking rights in all main European markets for the Watamu Bay Resort Hotel, one of the hotels managed by ORH SpA.

Commercialisation of the hotel will be through all European Thomas Cook brands and the exclusivity agreement.

This important first step for the Ora Hotels brand, to sell its holidays outside its home market of Italy, shows the quality of the holiday products sold by ORH and is the start of its strategy to enlarge the customer base for Ora Hotels across Europe.'

mentor - 16 Jun 2015 14:26 - 15 of 62

Has finally moved up
price 1.325 Bid: 1.30 Ask: 1.35 Change: 0.075 (+6.00%)

a few trades since

deltazero - 16 Jun 2015 15:21 - 16 of 62

onwards & upwards ;

mentor - 16 Jun 2015 23:26 - 17 of 62

British bulls gives a BUY signal tonight

CLP.L CLEAR LEISURE
Last Signal:BUY
Last Pattern:BULLISH HARAMI CROSS

Signals
Signal Update Our system’s recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 1.2750

Pattern Description
This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami.

Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.

Pattern Requirements and Flexibility
The Bullish Harami Cross consists of two candlesticks, in which the body of the first black candlestick engulfs the body of the following Doji. The body of the first candlestick may be short.

maestro - 17 Jun 2015 07:35 - 18 of 62

mentor..i thought ora hotels went bust?

mentor - 17 Jun 2015 16:24 - 19 of 62

Earlier profit taking has got some to buy cheaper and now is at best of the day 1.45 v 1.50p

deltazero - 18 Jun 2015 12:29 - 20 of 62

onwards & upwards

mentor - 18 Jun 2015 12:35 - 21 of 62

1.60p + 0.125p (+8.47%)

finally they let her go
It took 3 X250k buys to finished the MM on the ask, but 1.7M buys to move the stock. ( MMs size is 50K )

certainly that is too much though i suspect as the large buy orders are finished, the share price will move up a bit more free

mentor - 18 Jun 2015 12:59 - 22 of 62

Another volume day with the rise

Chart.aspx?Provider=EODIntra&Code=CLP&Si

investor48 - 18 Jun 2015 21:31 - 23 of 62

Clear Leisure Plc (AIM: CLP) A best case of 10p per share

Having found this valuation of CLP , pretty close to mine , I have updated .
Neither of us include ORH court case , perhaps £1 million .
My estimate does not include value for SOsushi , a rare profitable CLP venture ( thus far) .


What is it worth ?

Alfredo Villa, CEO " The current Net Asset Value per share in the financial statements is 7 pence per share ".

Of course this is after write downs and without the £32 million pound claim result .
--------------------------

A best case of 10p per share seems pretty reasonable .
Of course there are risks .
But , this has many hallmarks of many shares that are momentum driven .
A great opportunity to make yourself comfortable .
I shall be giving Alf this final chance to rectify past errors .

And May


Operational Assets

Name Stake Division

Sipiem 50.16% Theme Parks £6 million

You Can Group /SOSushi 100% Restaurants £3 million

Ascend Capital 10.0% Finance

Investments for Sale

Name Stake Division

Mediapolis S.p.A. 69.45% Leisure / Real Estate £22 million ?

Bibop 67.12% Interactive Media £1.5 million

Geosim 8.9% Interactive Media £80,000

NAV per Clear Leisure shares:
Based on the figures presented in the Mediapolis restructuring “Concordato in Continuità” plan, the value of Clear Leisure’s Mediapolis stake, based on a 69.45 per cent. ownership and on 199,409,377 shares is the following:
Based on Mediapolis’s Certified NAV: 6 pence per share
Based on the EUR 20 million offer for Clear Leisure’s Mediapolis stake: 3.35 pence per share

skyhigh - 19 Jun 2015 18:21 - 24 of 62

Yep, all looking good,,, I'm staying in!

mentor - 21 Jun 2015 22:37 - 25 of 62

21st June 2015
Clear Leisure targets Prelios: I want to buy an agricultural area of Scarmagno
Plain and Albian No Mediapolis among the places of the heart targati Make
A letter sent automatically to the mayor Marcelli back a topical question never dormant Meanwhile Leisure Clear targets Prelios: “I want to buy an agricultural area of Scarmagno»

ALBIANO. Make the letter sent to the mayor Gildo Marcelli had a unique effect: wide eyes and sigh of circumstance. No explanation if not a job done by default without the slightest approach to the reflection from someone who has never heard of the letter sent by Mediapolis Make Marcelli. And speaking of the FAI, that of Mediapolis, in the last fifteen years has led a legal battle and opinion important, the letter was really unbelievable. The theme is The places of the heart, the initiative of the FAI that allows citizens to report landmarks.And the letter of the FAI congratulates Marcelli at reports of places “that are part of the City.” What? The castle of Masino (FAI, which is Caravino), the castle of the red towers (which is in Ivrea) the plain of Albian and No Mediapolis. It follows an articulated explanation on the activities of Make tied to the places of the heart and the signature of the President Andrea Carandini.

Marcelli took note and wrote yet another email to the regional president Sergio Chiamparino that one side had the merit of clearly say, in essence, that Mediapolis will never be realized in the plain of Albian essentially ending three decades of chatter and, second, to continue to leave open a bureaucratic process, requests, administrative rights acquired which resulted in a lawsuit brought by the same company Mediapolis with a request for compensation of 39 million euro. The theme park with shopping centers considered for years a symbol of product diversification of the Canavese that, on paper, would bring hundreds of jobs remained only an idea, a project that has been amended several times over the years and that without any doubt, she has taken on a symbolic value as a few other things in the area.

Marcelli, Mediapolis on the case, is in fact stayed with the match in hand. The project was presented in 2000 (it was already mayor) and with the structures of his small town has always been committed. By the way, it is now also in the position of not disdaining (indeed) the payment IMU on the ground where he was to be built the park (about 100 thousand euro), a figure that Alfredo Villa, head of Leisure Clair, which controls Mediapolis and a couple of years has taken the situation in hand, has no intention to unpick. “Marcelli is a decent man – he says – and I’m sorry to have this attitude. But as the events of recent years do not mean bureaucratic more angry, I simply explain that not one euro more scucirò. The land is buildable? Then explain to me what I can do. It is not for the issues of which we discuss for 15 years? Well, so why should I pay for a land that is not? “. On the letter of Fai, Villa merely open my arms (“speaks for itself”) and no matter if the reports of the plain of Albian to the place of the heart have arrived since 2004 (in 2008 No Mediapolis had 103 votes) .

But in the meantime? At stake is, in fact, the action brought by Mediapolis will be incardinated in the fall in court. Meanwhile, Villa has put pen to paper to Prelios willing to buy farm land adjacent to and along the area of ​​Scarmagno
A5 to move there the idea of ​​the park. “I’m waiting an answer – look – while we closed the year with 24 million of equity.” Proposed to the creditors (there are 12 million) to convert the debt into equity. “Seriously – he presses – I do not think so to pull back.”

deltazero - 23 Jun 2015 12:14 - 26 of 62

nice 1.2p to buy - news imminent
gla

deltazero - 30 Jun 2015 09:37 - 27 of 62

rns due @ 1pm today....................................

mentor - 30 Jun 2015 09:46 - 28 of 62

expecting good figures?
or is cos pi's were afraid of suspension so were selling for the last week
now they buying ahead of 1pm

Company did left it for the last day or suspension

------------------------------
At 08:33am
Clear Leisure plc - Final Results for 31 December 2014

The company is pleased to announce that the audited final results for the period ending 31 December 2014 will be distributed to the market before 1 pm today.

deltazero - 30 Jun 2015 09:51 - 29 of 62

am i right in saying that there is only circa 20 / 25M shares actually available here? the result of good news would be obvious........................ some wags say they have spoken to clp and they are 'upbeat'....................

avilla@clearleisure.com
njagatia@clearleisure.com

mentor - 30 Jun 2015 11:02 - 30 of 62

Is going places now 1.25 vs 1.35p

large buying trades as is getting noticed by the market

mentor - 30 Jun 2015 13:07 - 31 of 62

1pm and no news yet

Chart.aspx?Provider=EODIntra&Code=CLP&Si

maestro - 02 Jul 2015 07:37 - 32 of 62

down again below 1p..whats the betting the crooks will have another share consolidation and fund raising...then the shorting starts all over again...should be booted off AIM

maestro - 02 Jul 2015 07:40 - 33 of 62

THIS IS THE GUY I DONT TRUST : Nilesh Jagatia, Group Chief Finance Officer

HE'S ON THE BOARD OF OCTAGONAL...another one just had share consolidation and then share price shorted

deltazero - 21 Jul 2015 12:18 - 34 of 62

well the nav is around 10 to 15 x the current sp - there is a meeting at the end of this month which will be attended by shareholders et al - there should be news on debt restructure and sale of assets anytime - risk / reward looks very good at these levels imo
and of course in october there will be an update on the €40M which is not included in the current nav calcs so could be significant upside here soon
gla

mentor - 19 Aug 2015 10:02 - 35 of 62

Major clear out of top management, last week CEO and a couple of non-executive directors, today CFO ...........


Clear Leisure CFO resigns

Clear Leisure chief financial officer Nilesh Jagatia has resigned with immediate effect, due to other work commitments.

The board thanked him for his invaluable help over the past three years and wished him well with his other business activities.


The board has appointed Haines Watts, a top 15 UK accounting firm, effective from 1 September, to act as finance managers.

At 9:32am: (LON:CLP) Clear Leisure PLC share price was 0p at 0.69p

deltazero - 19 Aug 2015 10:11 - 36 of 62

yes good to see the relics cleared out
roll on next news

deltazero - 21 Aug 2015 15:49 - 37 of 62

YUM!

:-)

mentor - 07 Sep 2015 12:23 - 38 of 62

Volume increased and with that share price today

The last 3 RNS has been of changes

mentor - 15 Sep 2015 10:25 - 39 of 62

0.925p +0.20p (+27.59%)

Looks like overhang gone and now moving on to higher prices, just gone to 1p offer

mentor - 15 Sep 2015 11:19 - 40 of 62

buyers are back and bid on the way up, there is plenty of sellers as the price improve as normal
spread 0.90 v 1p
Level 2 improving again now as is 2 v 2 from 1 v 3, just 2 minutes ago

NOW 4th on the leader board of % risers +31.03%

gibby - 15 Sep 2015 11:35 - 41 of 62

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

gibby - 18 Sep 2015 12:56 - 42 of 62

i would not want to be out of clp this weekend!

gla

mentor - 20 Sep 2015 19:57 - 43 of 62

Nice Florey of late buying last Friday

2p target from Zak mir today :-)

gibby - 16 Oct 2015 09:10 - 44 of 62

rns - YUM!

deltazero - 30 Oct 2015 07:48 - 45 of 62

YUM!

mentor - 30 Oct 2015 08:46 - 46 of 62

0.725P +0.125P

Clear Leisure plc
LOAN FACILITY FOR £200,000 FROM RELATED PARTY

The Board is pleased to announce that it has entered into a loan facility agreement (the Facility") with Eufingest S.A ("Eufingest"), a Swiss investor and major shareholder in the Company.

Under the Facility, Eufingest provides a facility of £200,000 at an interest rate of 3 per cent per annum. The Facility is repayable on 29 October 2017. The Facility will be fully drawn down immediately.

The proceeds of the Facility will be used for general working capital purposes.

The Company may repay the Facility early at any time without penalty. Before 29 December 2015, the Company may convert the outstanding balance of the Facility into ordinary shares in the share capital of the Company ("Shares") at the rate of 0.68 pence per Share.

At any time after 29 December 2015, Eufingest may convert the outstanding balance of the Facility into Shares at the rate of 0.68 pence per Share.

Eufingest is the beneficial holder of more than 10 per cent of the ordinary share capital of the Company. Eufingest is as "related party" for the purposes of the AIM Rules.

The Directors of the Company (each of whom is independent from Eufingest), having consulted with the Company's NOMAD believe the transaction to be fair and reasonable and to be in the best interests of all shareholders.

Francesco Gardin, CEO and Chairman of Clear Leisure, commented, "We are pleased to have secured this loan from one of our longest standing shareholders and which will enable us to continue the process of restructuring the Company to help us realise the value of our non-core assets."

mentor - 30 Oct 2015 08:52 - 47 of 62

The new management seems able to l turn around by new year. Strange they hinted at repayment by 29th December of this year. Maybe a sale is lined up already.

jimmy b - 19 Nov 2015 09:53 - 48 of 62

Looks like you locked on to this one in May .....

Another 50% ???

All your 0000.2 and 0000.3 doesn't disguise the falls.



Chart.aspx?Provider=EODIntra&Code=CLP&Si

mentor - 19 Nov 2015 11:30 - 49 of 62

Someone - maybe jimmy - got no satisfaction on playing with a "peanut willy"

so comes and plays here

jimmy b - 19 Nov 2015 11:44 - 50 of 62

That's quite funny keep it up.
------------
mentor (ˈmɛntɔː )
Definitions
noun
a wise or trusted adviser or guide

▷ verb
to act as a mentor to (someone); train..
-----------------------
We all follow you :)

deltazero - 15 Dec 2015 12:25 - 51 of 62

;

deltazero - 16 Dec 2015 08:25 - 52 of 62

here we go..........................................................

deltazero - 16 Dec 2015 10:06 - 53 of 62

3 v 1

mentor - 16 Dec 2015 10:17 - 54 of 62

I posted earlier somewhere else.......

16 Dec'15 - 10:01
KEEP an EYE

CLP 0.75p +0.075p

3er day on the rise and large volume today AGAIN over 3M on 2 hours of trading. Bouncing from lows

deltazero - 31 Dec 2015 12:06 - 55 of 62

:-D

deltazero - 21 Sep 2016 09:58 - 56 of 62

onwards and upwards

deltazero - 23 Sep 2016 11:05 - 57 of 62

:-)

deltazero - 26 Sep 2016 09:49 - 58 of 62

looking good for another run........................

deltazero - 20 Jul 2017 08:51 - 59 of 62

don't let this go under your radars - news shortly...................

deltazero - 20 Jul 2017 10:12 - 60 of 62

:-)
http://www.tribunaleivrea.it/allegatinews/A_12209.pdf

maestro - 21 Sep 2017 07:36 - 61 of 62

BOOM!

Clear Leisure Plc Debt Settlement

21/09/2017 7:00am
UK Regulatory (RNS & others)


TIDMCLP

21 September 2017

Clear Leisure plc
("Clear Leisure", "the Group" or "the Company")

Agreements for EUR4.3m of Mediapolis Debt Position and EUR500,000 Secured Loan

Further to the announcement of 19 September by the Company of its settlement
negotiations with creditors of its subsidiary, Mediapolis SpA, the Company is
pleased to announce that it has now exchanged letters with a creditor agreeing
to a settlement of a EUR4.3million (GBP3.8 million) debt owing by Mediapolis SpA,
at discount of 88.3 percent of the face value. This equates, on a consolidated
basis, to a significant improvement in the Group's balance sheet of
approximately EUR3.8 million (GBP3.36 million or 1.07p per share).

Completion is expected in the next few days.

The Company is financing the acquisition of the debt with a EUR500,000 secured
Loan from a UK private company.

Francesco Gardin, Chairman and CEO of Clear Leisure, commented, "This
agreement, following ten months of complex negotiation, represents an important
result in the Company's strategy of restructuring the Group's debt and
ring-fencing of assets. During the past 18 months' the Company has negotiated
discounts of EUR7.5 million on debt, equivalent to an average discount of 80%.

"The Board is of the opinion that this debt purchase significantly strengthens
Mediapolis's case to have the winding-up petition dismissed, when the Ivrea
Court reconvenes on 29 September.

maestro - 21 Sep 2017 07:45 - 62 of 62

i see moneyam have not put this rns out..tut,tut..you really are very naughty moneyam
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