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!

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