Aerotus
- 01 Jun 2004 20:20
Tipped by Shares Magazine (13th May 2004)
Shareholders in Top Ten can look forward to a solid set of results that should deliver profit ahead of expectations, thanks to a bouyant second half at its amusement arcades and bingo halls. The group is also expected to announce its first-ever dividend. The amusement operator indicated last month results will be ahead of market expectations, without being specific with its forecasts. The group has benefited from increased footfall at its sites, partly as a result of the purchase of another eight bingo clubs and four amusement arcades in October last year. The sites cost the group 5.8 million, comparable with interim revenue of 5.3 million, and were funded by a placing worth 4.65 million.
So far, management says the acquired sites are starting to show an "increase in spend per head and a reduction in operating costs". Top Ten has proven itself able to buy sites and quickly turn them to profit on more than one occasion now. The purchase of 5 Welcome Clubs in December 2002 was behind a 93% lift in revenue in the interim period.
Shares says: It looks like investors could be onto a winner.
http://www.ateonline.co.uk/library/1847BINGO_LoRes_06.pdf
http://www.ateonline.co.uk/default.asp?showid=5&pageid=33&pressreleaseid=7694
Results out June 7th. Get in early!
seawallwalker
- 02 Jun 2004 08:17
- 2 of 65
In thanks.
Good tip.
Aerotus
- 04 Jun 2004 16:55
- 3 of 65
Up another 6.5% today. Results out on MONDAY. This is a relatively unknown gem, get in early before the herd!
Aerotus
- 07 Jun 2004 07:09
- 4 of 65
Results out! Bloody Fantastic! Get in early!
Top Ten Holdings PLC
07 June 2004
TOP TEN HOLDINGS PLC
CHAIRMAN'S STATEMENT
FOR THE PERIOD ENDED 28 MARCH 2004
Highlights
Pre-tax profit up 119.4% to 1.2 million
Turnover up 43.3% to 11.3 million
Maiden dividend of 0.05p per share
Outlook positive given successful acquisition and integration strategy
and planned legislative changes
On behalf of your Board I am pleased to present the accounts for the 52 week
period ended 28th March 2004 which show very satisfactory progress.
Results
The group achieved a pre-tax profit of 1,270,514 (2003 579,156) an increase of
119.4 per cent. on turnover of 11,347,502 (2003 7,917,044) which is up 43.3
per cent.
These results reflect the effect of a full year's trading from the five Welcome
clubs acquired in December 2002 and some five months contribution from the seven
Mason's clubs acquired in October 2003.
As a consequence of the change in Bingo Duty regime in October 2003 from a tax
on amounts staked to a Gross Profit Tax, certain expenses have been reclassified
from distribution expenses to cost of sales and to turnover, with no subsequent
effect on profit. The comparative balances have been restated accordingly, with
the effect being to reclassify expenditure of 1,110,623 to cost of sales and
312,716 to turnover in 2003. This restatement has been made to enable
comparability with the results of future accounting periods.
Trading performance
Improved trading across the group has produced significant growth. Each of the
clubs has exceeded last years trading results, with three exceptions. One of
these clubs, which as previously reported, had been adversely affected by new
competition. This has been addressed and the club is now showing signs of
recovery.
Mason clubs
The trading results from these clubs since acquisition have been very
satisfactory with operating performance showing continual improvement.
Operational improvements have led to growth in the spend per head over the
period and we expect to see this trend continue.
The programme of refurbishment will be completed by the end of 2005. It is
expected that this programme will have a beneficial effect on takings.
Work has commenced on the club in Billingham, which was closed at the time of
acquisition. Having successfully negotiated an extension of the lease from 8
years to 25 for minimal cost, and following a detailed assessment of the
property and its trading potential, the board decided to undertake a higher
level of refurbishment than originally planned. This included some 100,000 for
the installation of an escalator. In the absence of any unforeseen building
problems it is expected to open this club in September 2004.
Dividends
I am pleased to announce that the Board recommends a maiden dividend of 0.05p
per share for the financial period ended 28th March 2004. This, subject to
shareholders' approval, will be paid as a final dividend on 10th August 2004 to
members on the register at 9th July 2004. The Board intends to pursue a
progressive dividend policy with future dividend growth linked broadly to growth
in underlying earnings.
Board and management
The Board believes that the Company has the opportunity to achieve significant
growth over the years ahead. In order to capitalise on these opportunities fully
the Board has undertaken a review of the senior management structure of the
Company. With immediate effect Alan Weston and Bruce Roberts have been appointed
Joint Managing Directors of the Company. Alan will have specific responsibility
for Finance and strategic development while Bruce remains responsible for
Operations.
To support the Executive Board David Cutts has joined the Company as Group
Financial Controller, initially on a part time basis.
Outlook
Since the year-end we exchanged contracts to sell our smallest club in Tiverton,
Devon with expected completion in August.
The proposed changes to the gaming legislation should, in the opinion of the
board, have a beneficial effect on the performance of the Company. If the bill
gets Royal Assent in 2005 then the changes should come into force in 2006 or
2007.
With the success of the acquisition and integration of the Welcome and Masons
clubs your Board continues to seek further acquisition opportunities.
The Board looks forward with confidence to another successful year.
Sir Aubrey Brocklebank
Chairman
seawallwalker
- 07 Jun 2004 07:29
- 5 of 65
As UI said, good tip with a better divi than I expected .
Thanks again.
For me this is now a long term hold with great prospects.
Aerotus
- 07 Jun 2004 07:31
- 6 of 65
You're welcome seawall, enjoy the ride!! :)
Aerotus
- 07 Jun 2004 07:50
- 7 of 65
Already up 11.8%!! Watch this baby fly!!!!
seawallwalker
- 07 Jun 2004 17:39
- 8 of 65
Top Ten Holdings , which reported a 120% jump in annual profits today, is a smaller, though more focused player in the bingo market. However, as a bit-part player, in my view Top Ten (LSE: TTH.L - news) is likely to be more vulnerable to competition from the majors. That said the proposed changes to the gaming legislation, which could be announced this month, could have a beneficial effect on all bingo licence holders including Top Ten.
http://uk.biz.yahoo.com/040607/35/eve0v.html
With the strategy anounced to day, this is well worth a punt imho. but dyo research!
Aerotus
- 08 Jun 2004 19:19
- 9 of 65
Great long term play. Disappointing results day. Due to the fact that bingo is not considered "sexy", and TTH is so unknown. This will soon change though as TTH appears more in the public eye.
SuperBrugha
- 08 Jun 2004 23:14
- 10 of 65
Greetings Aeroturd
TTH worth a thought
seawallwalker
- 24 Jun 2004 12:10
- 11 of 65
Thought I would bring this one back in play for a bit.
Maiden Dividend goes ex dividend soon at 0.05p, Not bad at all and not noted in Money AM forward diary.
seawallwalker
- 04 Jul 2004 13:41
- 12 of 65
Times(Business) 04072004
Channel 4 Boss bets big on Bingo
Luke Johnson, the entrepeneur and Chairman of Channel 4, has bought a chain of Bingo Clubs in a bid to take advatage of the shake up of Britains Gambling Laws.
Johnson has backed a Management Buy-in at Mayfiar Bingo, operator of the six-strong Riva Chain of clubs. Although the terms are not being made public, analysts estimate the business could have cost between 4m and 9m. Royal Bank of Scotland helped finance the deal.
The chain has sites in Aberdeen, Bristol, Brighton, South London and two in Newcastle. Johnson hopes to use the business as a platform to aquire other bingo clubs or related gaming comapnies.
Although bingo is often written off as an old person's pastime, Johnson thinks the oevr 50's are a growing segment of the population. Riva will be run by chief executive Simon Hannah, a veteran of Mecca and finance director Paul Viner, who was previously at Totenham Hotspur FC.
Johnson has invested in the business through Risk capital Partners, his private equity vehile. Its other investments include the res=taurant chain Giraffe and Lowey, a marketing services business.
seawallwalker
- 04 Jul 2004 13:41
- 13 of 65
Infer nothing from the above.
Goes ex div wednesday 0.05p(currently 7.38p)
Aerotus
- 05 Jul 2004 10:36
- 14 of 65
Expecting a nice rise leading up to ex div day! The smart money will be getting in now!
seawallwalker
- 05 Jul 2004 12:22
- 15 of 65
The Independant
Promise of High Returns as AIM flourishes:
*Dobbies Garden Centres (LSE: DGC.L - news) - Matrix Communications (LSE: MXC.L - news) - Tissue Science Laboratories (LSE: TSL.L - news) - Jourdan - Moneybox - Top Ten (LSE: TTH.L - news) .
leslienicholls
- 05 Jul 2004 12:34
- 16 of 65
just paid 9.5 for 52k got shafted as i placed order they shot up never mind still more to go hope
seawallwalker
- 05 Jul 2004 12:46
- 17 of 65
Can't see your trade in the ticker.
Who are your Brokers?
They did not do too well for you at that price!
leslienicholls
- 05 Jul 2004 12:46
- 18 of 65
leslienicholls
- 05 Jul 2004 12:47
- 19 of 65
tdwaterhouse and still not showing my trade maybe short of stock
seawallwalker
- 05 Jul 2004 12:49
- 20 of 65
Hmmmmmm.........
Yes or they put it in at a later stage where it won't look out of place, or am I being too devious?
seawallwalker
- 05 Jul 2004 12:50
- 21 of 65
Your trade would be bound to tip it up the next percentage point in my opinion.
seawallwalker
- 05 Jul 2004 13:55
- 22 of 65
Well it went through eventually.
Did nothing to the price, never mind.
Good luck to you.
hilldee
- 10 Aug 2004 11:49
- 23 of 65
anyone know the reason for the downturn in price AND why cant we call up previous trades beyond July 9th ?
seawallwalker
- 10 Aug 2004 12:18
- 24 of 65
The price inflated just prior to going ex dividend.
The corresponding drop the next day was more than the divi because of that.
The price is holding at a satisfactory level for this stage of their financial year I beleive.
They are in negotiations to buy 10 more clubs from Gala.
I say that because I have not seen news of the sale going through.
When and if it does, the price will reflect the sale.
There is positive up side in these shares, but who can predict when that will kick in?
hilldee
- 11 Aug 2004 11:46
- 25 of 65
thankyou seawallwalker, I had totally forgotten that they had declared a div. Your note that they intend to buy 10 more clubs from Gala had been noted by me..but everything seems to take so long in the financial world these days. Would you have any opinion as to how well this outfit will fare from the potential of gaming machines on their premises, or even how many they are permitted to operate. I must confess to total confusion about the present intentions of this Government - who seem to change their mind with the wind (or, perhaps, just Prescott's wind)
Oakapples142
- 11 Aug 2004 12:08
- 26 of 65
Div was a bit of a red herring - mine was not enough to buy even a cheap bottle of wine.
seawallwalker
- 11 Aug 2004 13:36
- 27 of 65
hilldee - no idea in respect of gaming machines.
For me this is a long term hold.
seawallwalker
- 08 Sep 2004 11:02
- 28 of 65

Top Ten Holdings PLC
07 September 2004
Top Ten Holdings plc
Issue of share options
Top Ten Holdings PLC ('Top Ten' or the 'Company'), the independent Bingo Club
and Amusement Arcade operator, announces that on 6 September 2004 options over a
total of 3,760,000 ordinary shares of 1p each, representing approximately 1.0%
of the Company's issued share capital, were granted to 60 Top Ten employees,
comprising four area managers, 25 club managers, 25 assistant managers and six
head office staff.
The options were issued under the Company's Enterprise Management Incentive
Scheme and are exercisable at a price of 6.5p between the third and tenth
anniversaries of the date of grant subject to attaining certain specific
performance criteria.
The Company now has a total of 6,105,000 shares under option representing 1.6%
of the enlarged share capital.
For further information, contact:
Top Ten Holdings Plc Tel: 01727 850793
Alan Weston, Managing Director
Nabarro Wells & Co. Limited Tel: 020 7710 7400
Keith Smith
Charles Stanley & Co. Limited Tel: 020 7739 8200
Russell Cook
seawallwalker
- 08 Sep 2004 11:03
- 29 of 65
Interims according to my reckoning due 25th ish of October.
Buy and sell wisely till then!
ehall
- 15 Oct 2004 09:48
- 30 of 65
How do you work out that interims are due 25th October? Surely given the previous statements, they are due out in December?
seawallwalker
- 15 Oct 2004 14:51
- 31 of 65
Wow ehall.
That took a while!
You may be right!
I am hardly an expert in a company that no web site and therefore limited investor relations.
No doubt they are saving money for us holders.
;-))
ehall
- 16 Oct 2004 17:52
- 32 of 65
Seawallwalker, like the name. Just started looking into this and I reckon the next results are middle of December ish, the chart is non too good and given the P/E, I think it will continue its downward trend or stabilise after the next 4 weeks. There are better opportunites for your money in that time, SPS and ECK to name two. After that, I think its buy/top up time as the results should be ahead of the equivalent last year so it would represent a good short and long term buying opportunity. Definitely one too watch and one too buy, but not just yet, patience is a virtue and a profitable one at that. Good luck Seawallwalker, I guess you are a long term holder and I think you should top up in the near future.
seawallwalker
- 17 Oct 2004 22:43
- 33 of 65
Thanks ehall.
I am in and out where I can with this one.
Long term, great!
Long term holder, no!
I agree totally with you view on this Company.
bowman
- 20 Oct 2004 09:55
- 34 of 65
Anyone interested in the date for Top Ten Holdinfgs next results release it is the 8th november.
regards bowman
seawallwalker
- 20 Oct 2004 11:00
- 35 of 65
bowman thanks
finger on the pulse, or is it the trigger?
seawallwalker
- 20 Oct 2004 11:05
- 36 of 65
Actually, well found bowman.
I can't find a thing anywhere
>:-(
seawallwalker
- 20 Oct 2004 11:16
- 37 of 65
Now I am even more impressed.
You bit of news made the price go up!
Give us another snippet and perhaps it will do it again.
Here is mine, I speculate based on previous results that profits are up substatially since the last results. They should be because they have had 6 months with all those extra clubs bought.
I think everything in their garden is rosey and it will be nice to see that in writing.
bowman
- 21 Oct 2004 07:57
- 38 of 65
Anyone who wanted to know the date for Top Ten Holdings next results it is the 8th November 2004
regards bowman
bowman
- 22 Oct 2004 11:04
- 39 of 65
Results for Top Ten Holdings are out on the 8th november 2004
regards bowman
seawallwalker
- 22 Oct 2004 12:00
- 40 of 65
Well someone bought 40k today, so maybe it is working!
bowman
- 26 Oct 2004 12:12
- 41 of 65
Top Ten Holdings results are out on the 8th november 2004 ,shares magazine should have an update on the groups progress in one of the next two issues.
regards bowman
seawallwalker
- 26 Oct 2004 12:17
- 42 of 65
Thanks bowman
bowman
- 01 Nov 2004 09:07
- 43 of 65
Expecting some good results on monday 8th november from Top Ten Holdings who have increased profit over 200% over the last two years.
seawallwalker
- 02 Nov 2004 08:14
- 44 of 65
Now that would be good news if repeated.
bowman
- 02 Nov 2004 10:51
- 45 of 65
Rumour has it results are good at Top Ten Holdings out early next week
seawallwalker
- 02 Nov 2004 11:53
- 46 of 65
And again............
bowman
- 04 Nov 2004 12:14
- 47 of 65
Top Ten Holdings results are out on 8th november expect improved profits once again .
seawallwalker
- 08 Nov 2004 07:39
- 48 of 65
Profits up 80% so far this year!!
Noce one.
Top Ten Holdings PLC
08 November 2004
TOP TEN HOLDINGS PLC
INTERIM STATEMENT
26 WEEKS ENDED 26 SEPTEMBER 2004
Top Ten Holdings plc ('Top Ten' or the 'Group'), the bingo club and amusement
arcade operator, is pleased to announce its Unaudited Interim Results for the 26
weeks to 26 September 2004.
Main features:
Turnover up 43% to 6.9 million
Pre-tax profit, before non recurring items, increased 80% to 956,645
Unadjusted pre-tax profits up 99% to 1,056,933
Adjusted earnings per share up 55% to 0.21p,
Successful performance of 7 Mason Clubs acquired in October 2003
Commenting on the results Sir Aubrey Brocklebank, Chairman, said, 'I am
delighted to report that there has been a significant increase in profitability
in the 6 months to 26 September 2004. Trading has been robust in all clubs and
the roll out of our refurbishment programme is well underway and contributing to
the improved profitability of the company. I am pleased that we have delivered
such a strong performance and that the second half has started well and I am
confident that we will continue to deliver value to our shareholders'.
For Further Information:
Top Ten Holdings plc 01727 850793
Sir Aubrey Brocklebank, Chairman
Alan Weston, Joint Managing Director
TOP TEN HOLDINGS PLC
INTERIM STATEMENT
26 WEEKS ENDED 26 SEPTEMBER 2004
CHAIRMAN'S STATEMENT
Introduction
On behalf of the board I am pleased to present the interim statement for 26
weeks ending 26th September 2004.
Results
I am pleased to report a significant increase in profitability in the six months
ended 26 September 2004. Profit before tax increased from 530,208 to 1,056,933
in the period, an increase of 99%, from turnover 43% higher at 6,926,968 (2003
- 4,845,634). Even after stripping out non-recurring items of 100,288 (2003:
nil), profit before tax increased by over 80 percent to 956,645.
Non-recurring costs relate to the sale of Tiverton, abortive acquisition costs
and pre-opening expenses. The profit on the sale of Tiverton of 282,224 that
was completed in September is included as an exceptional item in the profit and
loss account. Costs relating to abortive acquisitions of 86,539 together with
pre-opening expenses relating to Billingham of 95,397 are included within
administrative costs.
Each of the clubs of the existing portfolio continue to trade profitably and
like-for-like operating profits have increased by 34% per cent during the first
half. This increase is as a result of an improved operating performance together
with the impact of changes in the Bingo Duty regime in October 2003.
The seven 'Masons' clubs acquired in October 2003 have made a full contribution
to these results.
Refurbishments
As previously reported we have started a programme to refurbish the former
Masons clubs . This has been completed at Silksworth, near Sunderland, resulting
in an increased spend per head of approximately 25 per cent. Work at Durham and
Southwick (Sunderland) will commence as soon as planning is granted.
The club at Billingham, which was closed at the time of acquisition, opened in
September. I am pleased to report that we were able to secure a new 25-year
lease for this club at a minimal increase in rent. Due to the Group's
exceptionally strong cashflow, the costs of refurbishment which were in excess
of 1 million have been met without further drawdown from our bank loan
facility. It is too early to make firm forecasts about its profitability;
however the admissions to date have exceeded management's expectations.
Prospects
Trading in all the clubs is satisfactory. The planned refurbishments of the
remaining Masons clubs should continue to improve revenue generation from these
units. In addition we anticipate that the newly reopened Billingham unit will
make a major contribution in 2005.
Following the successful integration of the Masons clubs your board continues to
look for further acquisition opportunities. We anticipate that the Group shall
be able to take advantage of such opportunities financed from our existing
banking facilities together with our own strong cash flow.
You will be aware that the Government is currently seeking the first major
reform of UK gaming markets in over thirty years with the introduction of the
Gaming Act. It is unclear as to the eventual likely impact on the Bingo industry
generally, and Top Ten in particular, but it does seem the focus is very much on
the casino and internet gaming markets rather than local betting and bingo
operators. No doubt I shall be able to comment further at the time of our final
results.
Based upon the strong start in the first half the board looks forward with
confidence to reporting another successful year.
Sir Aubrey Brocklebank
Chairman
5 November 2004
TOP TEN HOLDINGS PLC
INTERIM STATEMENT
26 WEEKS ENDED 26 SEPTEMBER 2004
Consolidated Profit and Loss Account
26 weeks to 26 weeks to 52 weeks to 28
March 2004
26 September 28 September
2004 2003
as restated
Unaudited Unaudited Audited
Turnover 6,926,968 4,845,634 11,347,502
Cost of sales (889,577) (959,660) (1,890,194)
---------- ---------- ---------
Gross Profit 6,037,391 3,885,974 9,457,308
Distribution costs (4,348,592) (2,864,716) (7,024,107)
Administration costs (773,855) (400,869) (921,609)
Profit on sale of
fixed assets 282,224 - -
Interest (140,235) (90,181) (241,078)
---------- ---------- ---------
Profit on Ordinary
Activities before
Taxation 1,056,933 530,208 1,270,514
Taxation (253,624) (166,420) (339,749)
---------- ---------- ---------
Profit on Ordinary
Activities After
Taxation 803,309 363,788 930,765
Dividend - - (190,651)
---------- ---------- ---------
Retained Profit 803,309 363,788 740,114
---------- ---------- ---------
Earnings per ordinary
share (pence) 0.21 0.14 0.29
Diluted earnings per
ordinary share (pence) 0.21 0.13 0.29
TOP TEN HOLDINGS PLC
INTERIM STATEMENT
26 WEEKS ENDED 26 SEPTEMBER 2004
Summary Consolidated Balance Sheet
26 September 28 September 28 March 2004
2004 2003
Unaudited Unaudited Audited
Fixed assets
Intangible assets 10,060,544 7,459,366 10,060,544
Tangible assets 7,260,100 2,229,574 6,195,630
---------- ---------- ----------
17,320,644 9,688,940 16,256,174
---------- ---------- ----------
Current assets
Stocks 152,711 101,347 184,154
Debtors 564,186 805,592 493,749
Cash 853,456 307,568 1,041,332
---------- ---------- ----------
1,570,353 1,214,507 1,719,235
Creditors: amounts
falling due within
one year (1,666,371) (1,381,070) (1,758,478)
---------- ---------- ----------
Net current
liabilities (96,018) (166,563) (39,243)
---------- ---------- ----------
Long term
liabilities (3,546,036) (2,312,266) (3,341,650)
---------- ---------- ----------
13,678,590 7,210,111 12,875,281
---------- ---------- ----------
Share Capital 8,324,480 3,035,636 8,324,480
Profit and Loss
Account 5,354,110 4,174,475 4,550,801
---------- ---------- ----------
13,678,590 7,210,111 12,875,281
---------- ---------- ----------
TOP TEN HOLDINGS PLC
INTERIM STATEMENT
26 WEEKS ENDED 26 SEPTEMBER 2004
Summary Consolidated Cash Flow Statement
26 weeks to 26 weeks to 52 weeks to 28
26 September 28 September March 2004
2004 2003
Unaudited Unaudited Audited
Net cash inflow
from operating
activities 1,564,694 492,926 1,813,055
Returns on investment and servicing
of finance
Interest received 7,833 1,403 15,227
Interest paid (147,004) (90,456) (222,290)
Interest element of
finance lease
payments - (1,128) -
---------- ---------- ----------
Net cash outflow
from returns on
investments and
servicing of
finance (139,171) (90,181) (207,063)
---------- ---------- ----------
Taxation (120,204) (85,312) (219,069)
Capital expenditure and financial
investment
Payments to acquire
intangible assets - - (2,601,178)
Payments to acquire
tangible assets (1,360,569) (428,410) (4,677,845)
Receipts from sales
of tangible assets 303,500 - 12,956
---------- ---------- ----------
Net cash outflow
for capital
expenditure (1,057,069) (428,410) (7,266,067)
---------- ---------- ----------
Equity dividends
paid (190,651) - -
---------- ---------- ----------
Net cash inflow
/(outflow) before
management of
liquid resources
and financing 57,599 (110,977) (5,879,144)
---------- ---------- ----------
Financing
Issue of ordinary
share capital - - 5,618,978
Cost of share issue - - (330,134)
Bank loans advanced - 350,000 2,282,804
Bank loans repaid (444,196) (223,552) (955,287)
New finance leases 252,735 - -
Capital element of
finance leases paid (54,014) (17,001) (4,983)
---------- ---------- ----------
Net cash
inflow/(outflow)
from financing (245,475) 109,447 6,611,378
---------- ---------- ----------
(Decrease)/
increase in cash in
the period (187,876) (1,530) 732,234
---------- ---------- ----------
Notes:-
1. Publication of non-statutory accounts
The financial information contained in this interim statement does not
constitute accounts as defined by section 240 of the Companies Act 1985.The
financial information for the full preceding year is based on the statutory
accounts for the financial year ended 28 March 2004. Those accounts, upon which
the auditors issued an unqualified opinion, have been delivered to the Registrar
of Companies.
2. Basis of preparation of interim financial information
The accounting policies used in the interim statement are consistent with those
used in the financial statements for the 52 weeks ended 28 March 2004.
3. As a consequence of the change in Bingo Duty regime in October 2003 from a
tax on amounts staked to a Gross Profit Tax, certain expenses have been
reclassified from distribution expenses to cost of sales and to turnover, with
no subsequent effect on profit. The comparative balances have been restated
accordingly, with the effect being to reclassify expenditure of 278,694 to cost
of sales and 430,079 to turnover in 2003. This restatement has been made to
enable comparability with the results of future accounting periods.
4. The board is not declaring an interim dividend. (2003: Nil)
5. The earnings per share is calculated by reference to the results and the
weighted average of 381,301,261 shares in issue during the period (2003:
266,871,700). The number of shares in issue at 26 September 2004 was
381,301,261. 2,345,000 potential ordinary shares have been treated as dilutive.
6. There are no recognised gains and losses other than those passing through the
profit and loss account.
7. The interim statement will be sent to shareholders. Copies may be
obtained from the Company Secretary, Top Ten Holdings PLC, Unit 8, Verulam
Industrial Estate, 224 London Road, St Albans, Hertfordshire AL1 1JF.
This information is provided by RNS
The company news service from the London Stock Exchange
bowman
- 08 Nov 2004 07:55
- 49 of 65
Cometh the hour , cometh Top Ten Holdings another sparkling set of figures from this company today. Profits up , turnover up,strong cash flow, a real comfidence going forward.
regards bowman
bowman
- 08 Nov 2004 08:00
- 50 of 65
As expected Seawallwalker the company has done it again with marvellous set of results and this company is really going places, all the best .
Regards Bowman
seawallwalker
- 08 Nov 2004 08:07
- 51 of 65
Agreed.
The next 6 months should be very good in my opinion.
Well worth holding at this price.
With a bit of channel trading nice little lumps can be earned.
Here is the summary as it will get post if not posted.
Top Ten HOldings H1 profit up 80 pct: confident of H2 outlook
AFX
LONDON (AFX) - Top Ten Holdings PLC, the bingo club and amusement arcade operator, reported an 80 pct rise in underlying first half profits and said it is confident of the outlook for the second half.
Pretax profit before exceptionals rose 80 pct to 956,645 stg for the six months to September, while turnover rose 43 pct to 6.9 mln. First half statutory pretax profit rose from 530,208 stg to 1.056 mln, boosted by proceeds from asset sales, while earnings per share rose 55 pct to 21 pence.
Chairman Sir Aubrey Brocklebank hailed a 'significant' rise in profits.
'The second half has started well and I am confident that we will continue to deliver value to our shareholders,' he said.
Brocklebank said Top Ten continues to look for further acquisition opportunities, financed out of existing bank facilities and cashflow.
bowman
- 08 Nov 2004 08:14
- 52 of 65
TOP TEN HOLDING Do IT AGAIN . After producing a great set of figures today this company moves forward in a bullish mood . Profits up 80% today and things are looking good.
seawallwalker
- 08 Nov 2004 08:25
- 53 of 65
Top Ten Holdings H1 pretax pre-ex 956,645 stg, up 80 pct
AFX
For those who can't read
;-))
LONDON (AFX) - Top Ten Holdings PLC 26 weeks to September 26 2004
Sales - 6.93 mln stg vs 4.84 mln
Pretax profit before exceptionals - 956,645 stg, up 80 pct
Pretax profit - 1.06 mln stg vs 530,208
EPS before exceptionals - 0.21 pence, up 55 pct
EPS - 0.21 pence vs 0.14
bowman
- 08 Nov 2004 08:39
- 54 of 65
Thanks for that SWW , the company are doing brilliant everything looks rosey as they say in the market things have only got better. Again profits up once again very strongly cash flow very strong .
bowman
- 08 Nov 2004 09:25
- 55 of 65
Top Ten holdings (TTH) have made amazing progress over the last two years profits have increased over 400% during that time which is what every share holder of any company would gladly be happy to see.Look at those results out today .
ten
drunker50
- 08 Nov 2004 09:33
- 56 of 65
did they not pay a divi this time
seawallwalker
- 08 Nov 2004 11:03
- 57 of 65
No but they will with the finals imo
hilldee
- 08 Nov 2004 11:22
- 58 of 65
but not reflected in the price
bowman
- 08 Nov 2004 14:15
- 59 of 65
Charles Stanley gives a Buy reccommendation to Top Ten holdings today after results came out today.
hilldee
- 20 Dec 2004 11:37
- 60 of 65
Recommended by 'Shares' and Chas Stanley and still making good money YET the price languishes around the 6p mark. Anyone know WHY this little gem is not loved? I cannot see that the recent Gaming changes(or alteration to them) has a great deal of impact on TTH - or am I wrong?
seawallwalker
- 28 Sep 2006 16:16
- 61 of 65
Thought I would revisit this one.
If the sp drops to say 80 - 90 pence it may be worth a punt.
hlyeo98
- 15 Oct 2007 20:25
- 62 of 65
Top Ten Holdings is facing the same fate as Rank...
Top Ten Holdings issues profit warning - MoneyAM
Top Ten Holdings cautioned that its full-year profits will be below previous market expectations.
The company said club admissions and average customer spending levels have reduced by a greater level than anticipated over the past six weeks due to the smoking ban and new rules surrounding the gambling industry.
However, the bingo operator said sale of property freeholds of marginal sites is continuing and that good values have been achieved, adding that more sales are anticipated during the year.
The UK company, which has 43 bingo clubs, expects to announce its interim results for the period to end-September on November 1st.
seawallwalker
- 15 Oct 2007 22:55
- 63 of 65
I held these once. (2003)
Thought they could not loose, they can now!
Things are dire especially when the punters can smoke all they want a pump more money than ever into online bingo in the comfort of their own homes.
poo bear
- 21 Nov 2007 07:31
- 64 of 65
Interim Results
Don't hold here, just look in for interest sake.
Looks like trouble ahead as the profit seems to be made of sale of assets on first glance.
poo bear
- 22 Apr 2009 07:22
- 65 of 65