CHARIOT (UK) PLC
ADMISSION TO AIM
COMMENCEMENT OF DEALING IN SHARES
Chariot (UK) plc (Chariot or the Company), a new venture which intends to retail lottery tickets on behalf of charities, is pleased to announce that dealings have today commenced in its shares following its admission to AIM, a market operated by the London Stock Exchange. Unconditional dealings in Chariots ordinary shares will commence at 8.00am this morning under the ticker symbol CRT.

Prior to, and conditional upon admission, the Company raised 9.6 million (gross), through a placing of 8,350,000 new ordinary shares of 1p each at 115p per share. Following the placing Chariot has 15,964,250 shares in issue and an approximate market capitalisation of 18 million at the placing price.

Noble & Company Limited is acting as the Companys broker and nominated advisor.

Proceeds from the placing will be used to fund the Companys working capital requirements and the marketing and promotion costs associated with the launch of the venture, which is expected to take place during the first half of 2006.

Commenting on the announcement, Craig Freeman, Managing Director of Chariot, said:

"We are pleased to have successfully completed our flotation. The funds raised will provide us with a strong platform upon which to launch our game in 2006 and we look forward to delivering a new and exciting lottery for the benefit of players and charity partners alike".


For further information contact:

Peter Otero, Bell Pottinger Corporate & Financial: 020 7861 3232
Nick Naylor, Noble & Company Ltd: 020 7763 2200
Notes to Editors

Chariot was founded in April 2003 with the aim of increasing the percentage contribution, per ticket sold, to registered charities relative to the Companys main potential competitor, The National Lottery. Chariot will allow the lottery players to choose the registered charity benefiting from their lottery ticket purchases
Chariot is developing its lottery concept into a business model that will be run under society lottery rules.
Players are expected to play the game primarily through the internet. Other methods of playing will be via phone and post.
To date, over 50 charities have signed contractually binding agreements to participate .
The Board has extensive experience of operating lotteries as well as expertise in the gaming and charity sectors. Craig Freeman, Managing Director of Chariot, has start-up experience in the Australian media sector. Tim Holley, Chairman of Chariot, has been actively involved in a number of lottery projects around the world.

http://www.chariot.org.uk

Another nice rise today!

From The Independent...

Market Report:

Competition for the National Lottery is about to become serious, with traders saying Chariot Lottery is due to start advertising on 17 April. Traders have been buying the stock since it came to the market at 115p in early February, and talk of a marketing and advertising campaign sent the stock 9p higher to 191.5p.

http://news.independent.co.uk/business/analysis_and_features/article355833.ece

good to see the news coverage... if the independent article is correct, only a few more weeks to the launch. hopefully more details will be released about how they intend to market the lottery etc, maybe some more forecasts..

Daws

Rumours are that lottery promotion will start Easter weekend so we should get news sometime this week - possibly tomorrow!

Your Best Lottery Gamble
By Maynard Paton (TMFMayn)
April 18, 2006


Every so often I stumble across attractive 'blue sky' investment opportunities. One such gamble I've highlighted to members of Champion Shares -- but not formally recommended to buy -- is Chariot (UK) (LSE: CRT). This small-cap AIM share is about to launch a direct alternative to the National Lottery and could, could, become a multi-bagger if things go to plan.

The story is quite simple. Chariot intends to launch five weekly lotteries before July. Each lottery will support a different charity and have a maximum of 2 million tickets. Similar to the National Lottery, Chariot's tickets will cost 1 and the draw will consist of numbers 1 to 49. I understand a player has to enter all five Chariot lotteries, pick the six winning numbers and hope nobody else has the same combination to collect the 1m jackpot.

Chariot hopes the following differences will attract punters unhappy with the current Camelot set-up:

A greater percentage of every ticket sale forwarded to charities (30p versus 28p for the National Lottery);
Players can choose the charity that benefits from their ticket purchase;
A greater proportion of every ticket sale to fund the cash prizes (55p versus 50p for the National Lottery), and;
Tickets can only be purchased online (so no lost tickets!)
Without any history of sales, profits or even running a lottery operation, clearly Chariot is blue-sky material. The sole bookkeeping highlight is a cash pile, which after February's flotation should amount to more than 11m. The money is intended to fund a marketing blitz to promote the new lotteries and shore up the prize funds (if need be).

This is the multi-bagger bit. Assuming a full take-up, ticket sales should run at 10m a week and 520m a year. With 55p in the pound returned as prize money, 30p going to charities and 4p for other expenses, Chariot expects to earn revenue of 11p from every ticket.

If a 10% operating margin is then applied to that 11p (in line with operating margins at Camelot), I calculate Chariot's annual operating profit could approach 6m. Tax at the standard 30% gives potential earnings of 4m and supports possible earnings of about 25p per share. I reviewed Chariot when the shares were 119p and therefore valued at less than five times potential profits.

Certainly there could be a massive re-rating in store should Chariot's games take off. But I've not recommended this business for Champion Shares because I'm not convinced the new lotteries will be a long-term success.

For a start, Chariot's 1m jackpot -- the main attraction to any lottery I think -- will be much smaller than Camelot's (the Lottery jackpot on Saturday is generally more than 5m). Also, I suspect few Lottery players will care an extra 2p per ticket can go to a charity of their choosing. Furthermore, I think online-only ticket sales will discourage the impulse purchases enjoyed by Camelot through retail outlets.

Nevertheless, I suspect some Champion Shares members braver than me have taken the plunge. When I highlighted Chariot last month, I happily admitted "the odds of doing well with Chariot are better than winning the jackpot in any lottery!" The price has since rallied 54% from 119p to 183.5p, so maybe I'll come to regret passing up this share.

(From the Motley Fool website )

This one should start to mtor now...

Launch of new lottery

RNS Number:6999B
Chariot (UK) PLC
20 April 2006



Chariot (UK) plc

New lottery game launches

Brand name, game details and first draw date revealed


Chariot (UK) plc ("Chariot") announce today the launch of the new lottery -
'monday - the Charities Lottery'. In addition, Chariot outlined details of the
game, the game play website and the date of the first draw.


monday can be played online at www.playmonday.com with tickets on sale from 24th
April. The first draw will be online on Monday 8th May 2006 at 8pm. Thereafter,
the draw will take place every week on Mondays at 8pm.


Over the weeks leading up to the first draw, Chariot will implement an intensive
marketing campaign aimed at increasing consumer awareness of the new lottery and
driving ticket sales. This will include national television, newspaper, radio
and outdoor advertising as well as innovative online and 'guerrilla' marketing
activities.


monday will give players 27 times better odds of winning a jackpot than with the
National Lottery. There will be two consecutive draws every Monday evening and
if nobody matches all six numbers, the player with the nearest numbers will win
the jackpot. Tickets cost #1 each and charities will receive 30p of this - five
times more than they receive from The National Lottery. Players are free to
choose which charities their money goes to with five benefiting each week.


monday now has 70 beneficiary charity partners including Barnardo's, British
Heart Foundation, British Red Cross, DebRA, Macmillan Cancer Relief, Rainbow
Trust, War Child, Whizz Kidz and WWF.


Craig Freeman, Managing Director of Chariot, said:


"We are extremely excited about today's launch of monday, Britain's new
charities lottery. The money raised in our recent IPO was primarily to fund the
marketing and promotional costs for the launch of this game and, as from today,
people will be able to see and hear the results of our preparation as monday -
the Charities Lottery is brought to the attention of the general public."


- ends -

For further information contact:


Stuart Handley
Communications Director, Chariot (UK) plc: 0870 380 2121


Peter Otero
Bell Pottinger Corporate & Financial: 020 7861 3232


Nick Naylor
Noble & Company Ltd: 020 7763 2200

I wasnt aware of the launch until I seen oevr 140,000 shares being bought today and thought WOW! Very good news and i'm definetely staying in for the ride. In a few years this could be multimillion pound company.

Capoz

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

things still looking good here. we only have good news to come in the near future rgarding the launch etc and if this company can produce we could be looking at v large gains. im defo staying put, but will see how the lauch pans out etc.

ta

daws

p.s - are we the only shareholders in crt??? haha

Wow, what a scorcher!

Today sees the [CRT] shares fall from grace, in a spectacular fashion due to a scaling-down and Rights Issue at 5p ( subject to shareholder approval at an EGM).

Seems, Ticket-sales have been low and this affects to whole show and in particular the back-office costs need to be cut. I have to say I missed the promotion and don't know where (or how) the Public will buy the tickets......I suspect this has been overlooked in the excitement of an AIM-launch......being close to the company can hide what turns-out to be obvious later.

See RNS, for up-to-date situation.

Anyone - What is the total number of shares in issue including the new shares at 5p?
Thinking it could be worth a punt at these levels.
UC.

The RNS should give totals before/after the proposed fundraising.
Profit?...Maybe, but they need a good man at the top - I vote Richard Branson who wanted to run (the real lottery), as he has the necessary "something" to make it happen....and lots of regular customers too...
I suspect (old) shareholders will never see their money back - but maybe those investing today will be rewarded ....but ONLY if the new management really gets Public Exposure........that is crucial....there being nothing (I'm hoping)...underhand or Dishonest about .....their dealing to date.
They have provided funds for charities but need to revise their Name and their PR....how about "YOUR charity".......since every punter can direct their (unused) portion to a named charity.....at least that stops the largess of (the other outfit)......promotng Gay Rights, Opera and ...whatever next?
I have a small punt at 8p - to attend the EGM.
Should be interesting, eh?

EDIT NOTE: The graph (above)...shows that sp falling over 1 month - I thought it was more-rapid .......like a couple of days? Am I so wrong?

massive fall today= 25% -as some big Sells go through....these are sub 4p region so it can't be new shareholders, can it?
Indeed it looks as though you can Buy at 3p.

Still, charity begins at home and anyone buying this stock cannot expect to make money - the charities will always come first.
Makes you wonder why it listed on AIM in the first place...grief these were 2.
Management is poor, IMHO and I don't rate the name and website - far too confusing...difficult to play their lottery etc. etc. A lesson in how NOT to, even if their Ideals are sound.

There's an AGM in London soon.

Management has made my point today, with a further 85% fall and speculation they will call in the administrators.

I hope the charities are not out of pocket, for there was a rumour Chariot (what a daft name!) was asking charities for a hand-out for "Adminitrative purposes" or some such twaddle.

Maybe the real issue here is that having a "Capture the Public heart-strings businesses", should only be allowed to be run by competant persons, with some evidence the model is sound. Clearly they were on a losing streak from the start., with a hard to find/use Website and stupid names like "Monday"
All IMHO.
Bah and double Bah!

Someone has picked up 14% and presumably for some reason. At less than 2p and up off the bottom these could pay off.

I'm in for 5K worth, hoping pennys turn into pounds.

good luck to you, these have really fell from grace! great idea but management never succeeded. would contemplate sneaking a few at this price but last months trading statement doesn't give any hope unfortunately.

daws

Couple more large orders late yesterday, somebody knows something.

up 76% today you lucky bugger!

Up "maybe", but look at that spread....doesn't look like much more than MM's wringing out the last knockings.
+Has the Administration issue gone-away?
+Has their business model been fixed?
Grr!
As to Execs having experience....in failure?....how else could this Charity be described when those that lend it money to get going have their trust savaged by gross incompetance. - Running out of cash should be seen as a Deadly Sin. More-so, when your business is cash - no product-risk here - no Wrong-colours, no manufacturing defects. This fiasco is ALL "Poor Marketing" IMHO and a lack of eye-on-ball, .....hoping something would turn-up.
Grr! Grr!