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!

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

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.

You're welcome seawall, enjoy the ride!! :)

Already up 11.8%!! Watch this baby fly!!!!

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!

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.

Greetings Aeroturd
TTH worth a thought

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.

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.

Infer nothing from the above.

Goes ex div wednesday 0.05p(currently 7.38p)

Expecting a nice rise leading up to ex div day! The smart money will be getting in now!

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) .

just paid 9.5 for 52k got shafted as i placed order they shot up never mind still more to go hope

Can't see your trade in the ticker.

Who are your Brokers?

They did not do too well for you at that price!

tdwaterhouse and still not showing my trade maybe short of stock

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?

Your trade would be bound to tip it up the next percentage point in my opinion.

Well it went through eventually.

Did nothing to the price, never mind.

Good luck to you.

anyone know the reason for the downturn in price AND why cant we call up previous trades beyond July 9th ?