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.
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Low market cap 2,52M
210,409,377 Ordinary Shares
26M shares in the free float
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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%

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

Another volume day with the rise

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 .
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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

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

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.”

nice 1.2p to buy - news imminent
gla

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

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

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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.

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

Is going places now 1.25 vs 1.35p

large buying trades as is getting noticed by the market

1pm and no news yet

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

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

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

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

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

YUM!

:-)

Volume increased and with that share price today

The last 3 RNS has been of changes

0.925p +0.20p (+27.59%)

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

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%