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!

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