American Leisure Group Limited announces that, in light of the continuing and well-publicised difficult conditions for companies seeking capital investment for the development of US residential property, it is now expected that the Company's Sonesta Orlando Resort at Tierra del Sol will be opened early in 2009.

The Company is currently in advanced discussions with an existing debt provider about securing a significant additional debt facility. These discussions are expected to conclude during June 2008.

Smoking ban and credit crunch has hit Mitchell and Butler's profits.

No takeovers for Regents Inns had seen its sp reeling.

For the year to end-December, the company posted a pretax loss of 1.3 million pounds from a restated 1 million last year, while turnover rose to 10.5 million pounds from 8.06 million. It described the performance as 'very disappointing'. Cost of sales rose to 8.27 million pounds from 6.9 million last year, while administrative expenses rose to 3.5 million pounds from 2.1 million.

Tanfield Group issued a profit warning today after reporting a 'marked slowing' in its markets. In a trading statement, the electric vehicle maker said it expects growth at a significantly lower level than previously forecasted, and it will not meet market expectations for the year. Turnover for the first six months was up 36% on a proforma basis at 91 million compared to the same period in 2007. The group's Powered Access unit, which accounts for up to 80% of project revenues, has been hardest hit by a fall in demand in the markets of its distributors and end users.
Tanfield said that its net cash position of 11.1 million at the half year is less than expected due to customer payment delays, increased inventory levels and late deliveries.

Alexon Group Plc, the British clothes and footwear retailer, posted a 40 percent percent fall to 5.2 million pounds from 8.7 million pounds in first-half operating profit on Wednesday and said trading had continued to be tough in the second half. The clothes and footwear specialist said it had cut its interim dividend by a third to 1 penny and said it would review both the dividend for the full year and its future dividend policy when its full-year results are announced in March 2009.

Superglass Holdings Plc. said it expects its profit for the year ended Aug. 31 2008 profit to be in line with current market expectations, but warned that it may not achieve market forecasts for the current year to August 2009.
'Going forward, economic conditions are more uncertain, and the directors have budgeted for the new financial year with some requisite caution. At this time the directors cannot be certain that current market expectations for the year ending 31 August 2009 will be achieved,' said the manufacturer of glass mineral fibre insulation.

Blacks Leisure has traded satisfactorily for the majority of the first half, however recent trading, especially during August, was difficult and the Group now expects that the loss before tax for the first half will be approximately 4.5m before exceptional items, compared to a loss before tax and exceptional items of 0.6m in the previous year

Seems appropriate somehow:Strawbs

I wonder how the management feel!

If paid in shares.... pretty sick I'd imagine. Other commodity plays fairing no better: Strawbs.

Just goes to show that all bubbles go pop eventually, and sometimes pretty quickly too. Oil companies next, closely followed by gold....

In my (is nothing safe in this market) opinion.

Strawbs.

IMO it is commodity funds having to sell through redemptions. Once the US triggers the sell-off in the afternoon, then it becomes unstoppable.

As much as I hate owning loss-making shares, I don't have to sell so will brave it out as I'd be taking a big hit if I did get out.

Eventually the trend will reverse and IMO they will recover somewhat very quickly.

That's the theory anyway!

All to do with leverage. Buying several times what you can afford is fine on the way up, but on the way down it's fatal, and ultimately why markets will not recover for many years.

In my opinion.

Strawbs.

Not sure about the last bit Strawbs. If we become very oversold, when the worst is over then greed will play a part and as pi's and others see the opportunity to make money then the sp's will rise considerably.

As these conditions have never been seen before it really is a bit of a guessing game as to what is going to happen next!