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!

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

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

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

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.

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.

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

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 .

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

did they not pay a divi this time

No but they will with the finals imo

but not reflected in the price

Charles Stanley gives a Buy reccommendation to Top Ten holdings today after results came out today.

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?

Thought I would revisit this one.

If the sp drops to say 80 - 90 pence it may be worth a punt.

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.

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.

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.

The End


TTH MMIX