anyone in this one or did they miss this and GOAL too that double this one will do the same given some momentum and exposure first set of results due september
wont be 50p by then IMHO will be at least 50% above and poss 100p by xmas

results due 28/9

Powerleague Group plc
28 September 2005




28 September 2005

Powerleague Group plc

Announcement of Preliminary Results
For the Twelve Months Ended 2 July 2005

Powerleague is the leading commercial operator of 5-a-side football centres. The
Group currently has 32 centres encompassing 335 floodlit, all-weather outdoor
pitches. We are geographically spread throughout the UK and attract around
80,000 players to our venues each week.

Sales up 14% to 17.5 million (2004: 15.3m)

EBITDA before exceptional items up 83% to 5.97 million (2004: 3.27
million)

Operating profit before exceptional items up 129% to 4.2 million
(2004: 1.8m)

Cash generated of 5.25 million, up from 4.1 million

Sponsorship and events revenues up by 74%

Headline sponsorship with Xbox extended for a further three years

5 centres added in the year and two more since the year end

New national sponsorship agreement reached with Nike in Sept 2005

Commenting on the results, Claude Littner, Chairman of Powerleague, said:

'The excellent results achieved over the last 12 months have once again
demonstrated the underlying strength of our business, as by and large, the
significant increases in sales, profit and cash generated have been achieved
from the existing estate.

Looking forward, the Company is very well positioned to grow both organically
and through the development of new 5-a-side centres. The new financial year has
started well, and I believe that we can further develop a number of lucrative
revenue streams whilst maintaining the focus on pitch income which is the prime
driver of this business. 2006 is a 'World Cup' year which will draw even greater
attention to the sport. I am confident that the 5-a-side market will continue to
increase in popularity as more players, both men and women, become involved and
enjoy the experience'.

Enquiries:

Powerleague Group plc 020 7930 0777 on 28/09/05
Claude Littner, Executive Chairman (thereafter 0141 887 7758)
Sean Tracey, Chief Executive

Cardew Group 020 7930 0777
Tim Robertson
Emma Consett

Chairman's Statement

It is with great pleasure that I announce our maiden annual results following
the company's successful admission to the Alternative Investment Market in May
2005.

Results
For the year ended 2 July 2005 the Group delivered another strong trading
performance with turnover increasing by 14% to 17.5 million. EBITDA before
exceptional items increased by 83% to 5.97 million and operating profit before
exceptional items was up by 129% at 4.2 million. Cash generated from operating
activities increased from 4.1 million to 5.25 million.

It is the Board's intention to pay dividends in the future, but we have not
declared a dividend for this year, and will use the surplus funds to further pay
down bank debt and grow the business.

Structure & Systems
We have a management structure and robust systems in place designed to manage
and control the existing business as well as provide the platform for future
growth. Indeed, we have shown strong organic growth over a number of years now
and expect to continue this trend and couple it with the addition of new
centres.

Our proprietary systems and management controls give 'real time' visibility over
each of our centres, and enable us to capture information, forward plan and
proactively manage the business. The systems are highly scaleable, and the
management information is accurate and produced in timely fashion, thus
providing the directors with the ability to respond very rapidly.

Employees
Our employees have embraced the open culture, understand their role, work in
harmony and strive towards achieving or exceeding objectives. In 2003, the
directors put in place an Employee Share Option Scheme which enabled a great
number of our employees to participate in the success of the Company. Our
progressive employee development programme and bonus structure has enabled us to
retain and motivate our key employees, and they in turn have helped us shape the
business and permeate new ideas and techniques throughout the Company.

I am grateful to all our employees for their dedication, hard work and loyalty
over many years. It is their focus and attention to detail in the front line of
the business that has enabled us to report such good progress this year.

Leading Position
As the leading commercial operator of 5-a-side football centres and with
5-a-side football in the UK now attracting more players than the 11-a-side game
we are well placed to take advantage of this strong trend.

With over 80,000 players, predominantly young males between the ages of 18-35
years, participating in grass roots football at Powerleague centres across the
UK each week, we already attract considerable interest from blue chip sponsors,
and have significant scope to develop this further. Earlier this year, we
extended our successful partnership with Microsoft's Xbox our headline sponsors
for a further three years. More recently, we have signed a new sponsorship
agreement with Nike. These agreements are not only accretive, but also further
strengthen the Powerleague brand and underline our dominant position in 5-a-side
football.

During the financial year, five centres were added to the Estate, of which 4
were former VIDA sites which we acquired from the Administrators at the end of
May 2005. A further 2 new centres have opened since the year-end bringing the
total number to 32. As a commercial enterprise, 5-a-side football is still a
relatively new industry and there is significant scope for Powerleague to
develop new sites within the UK. Site selection is a key element, and we have
considerable expertise in this area and use a combination of experience and
process to ensure that the sites meet our criteria, are delivered on time and on
budget, and the ramp up is quick and sustainable.

Flexible Approach
We have developed a flexible approach to both site location and build, and are
just as happy to develop sites in major conurbations as we are in more
provincial locations. Our modular approach is perfectly adapted to both
propositions, and we seek to develop additional pitches at centres in line with
demand. Each new centre uses the latest generation pitch playing surface, as
well as providing secure car parking, a friendly well equipped club house and
bar.

At this time, we have a strong pipeline of potential sites at varying stages in
the process of negotiation and planning. Some may come to fruition rapidly and
others may fall away or get delayed in the planning process. We remain
confident, however, that we will accelerate the roll-out programme. Three sites
will open in the year to June 2006 and the Group remains on target to open a
further four in the following year.

Outlook
Looking forward the Company is very well positioned to grow both organically and
through the development of new 5-a-side centres. The new financial year has
started well, and I believe that we can further develop a number of lucrative
revenue streams whilst maintaining the focus on pitch income which is the prime
driver of this business. 2006 is a 'World Cup' year which will draw even greater
attention to the sport. I am confident that the 5-a-side market will continue to
increase in popularity as more players, both men and women, become involved and
enjoy the experience.

Claude Littner
Executive Chairman

Operating and Financial Review

Introduction
I am pleased to report that the 12 months to June 2005 has been a period of
strong growth across the Estate. Our new centre at Watford opened in February
2005 and is proving to be a great commercial success. The acquisition of 4
former VIDA sites in May 2005 is providing the impetus for further growth and a
valuable addition to our portfolio. The progression of the Group's pipeline of
sites has also taken on a greater focus as the company accelerates its rollout
program, in a measured and structured manner.

We are the market leaders in a growth sector of the leisure industry, which has
few serious competitors. With an opportunity to roll out our proven 5 a-side
formula across the UK, the next phase of the Group's development offers
considerable scope to grow the business. In addition, we are consistently
improving sales in our existing facilities, as evidenced by the 6% increase in
like for like sales, as well as creating new income streams from partnerships
with sponsors such as Xbox and Nike.

Financial Results
Strong sales growth has been achieved through focused marketing initiatives
driven at local and Head Office level. Group turnover grew by 14% to 17.5
million (2004: 15.3 million) and operating profit before exceptional items
increased to 4.2 million (2004: 1.8 million) a rise of 129%.

Exceptional items of 0.93 million related to a credit arising from the reversal
of impairment of fixed assets of 1.28 million offset in part by a bonus payable
to members of the former Employee Benefit Trust Scheme of 0.35 million.
Exceptional credit of 2.2m in 2004 related to the reversal of impairment of
fixed assets. Adjusted pre-tax profit was 2.2 million against 0.3 million in
the previous year.

Improved EBITDA performance has been achieved through sales growth - pitch
utilisation at peak times has reached over 80% across the group - and strict
cost management, particularly in relation to staff costs, the single biggest
overhead, where the like for like staff costs to turnover ratio has steadily
reduced from 23% in 2003 to 21% in 2005. Our operational gearing is expected to
continue to improve as turnover increases, reflecting the relatively fixed
nature of our base operating costs.

During the year, the Directors reviewed the useful lives of pitch surfaces
across the Estate. All pitch surfaces are now depreciated over the lesser of 10
years or their estimated remaining useful economic life. This reassessment
resulted in an additional charge of 52,000 in the year over the policy
previously adopted. It is estimated that the impact on the depreciation charge
for the coming year will be an additional 150,000.

Basic and diluted earnings per share for the year was 2.80p compared with 3.28p
for the previous year. The reduction is due to the deferred taxation charge in
2005. Adjusted EPS, based on profit before taxation and extraordinary items
improved from 0.22p to 2.97p.

Net cash flow from operating activities, improved by 29.7% in the year from
4.1m to 5.2m. The reason for the overall reduction in cash flow was
expenditure on fixed assets and acquisitions, which. expanded the Group's
operation from 25 to 30 sites, with one new build and the acquisition of four
trading sites from VIDA. The resulting net outflow of cash was offset by an
increase in funds arising from financing with the share issue on flotation in
May 2005 and reduction in net debt from 24.1 million to 16.7 million.

VIDA acquisition
A conditional business sale and purchase agreement was signed on 20 May 2005
between Powerleague Fives Ltd and VIDA Limited and Small Sided Soccer Ltd (both
in administration) ('VIDA') pursuant to which Powerleague Fives Ltd agreed to
acquire the business of four 5 a-side football centres from VIDA for a total
consideration of 3.75 million in cash. The centres are in Manchester,
Warrington, Barnsley and Dunfermline. The final assignment was completed on 27
July 2005. Trading from 20 May 2005 has been included in the results for the
year, with turnover of 205,000 and EBITDA of 24,000.

Since acquisition, these centres have received close attention in order to
ensure that from a management and systems perspective, they can quickly attain
their potential under the Powerleague brand. The former VIDA centre in South
Manchester is worthy of special note, as it benefits from a well attended and
fully equipped gym. The gym is being extended as we regard this as a potentially
lucrative development opportunity.

Site Development
In February 2005 Powerleague opened its first modular build construction at
Queens School Watford. The centre opened with 8 five a-side pitches and one 7
a-side pitch. As a result of an intensive pre-opening marketing campaign, 150
league teams were signed up to play prior to opening. The centre was EBITDA
positive within the first full month of trading and has continued to flourish.
Powerleague has pioneered this modular approach to pavilion construction which
reduces construction costs and guarantees faster build times. From the
customer's perspective, all the comforts, high quality finishes and visual
appeal are preserved. The Group's flexible approach to site development enables
us to adapt our offering to suit a multitude of situations and enhance our
return on investment.

This flexible approach and diversity can best be illustrated by outlining the
programme for our next three centres.

Basingstoke, which will open in October 2005, is on a school site and replicates
the successful Watford modular model. Kilmarnock, which will also open in
October 2005, is a stand-alone site, with the pavilion built of standard
construction to our specification and acquired from a private developer. Our new
Coventry centre, which is scheduled to open in May 2006, is a traditional, steel
frame construction on a school site, which will form part of a major leisure
project involving the creation of a regional gymnastics centre funded by
Coventry City Council and The New Opportunities Fund. Powerleague will have 10
pitches, a licensed bar and an 'affordable' gym facility, in addition to
controlling all wet and dry sales for the whole development.

Furthermore, we are creating additional pitches at existing centres at Fairlop,
Barnet, and Watford, where demand exceeds supply and we have a 'land-bank'.
These pitches will open in October 2005.

We have an on-going refurbishment programme and, where commercially justified,
or where the pitches have come to the end of their useful life, we will invest
in latest technology pitches. In August 2004, full 3rd generation surface pitch
refurbishment was carried out at Powerleague Manchester's 14 pitches. By the end
of June 2005, sales were up by 13% on prior year.

Powerleague Croydon and Sheffield have also been fully refurbishment in third
generation pitches in August 2005.

Corporate Events
Over and above numerous local events, Powerleague managed 14 national corporate
events for various companies such as Sainsbury, Barclays, JD Wetherspoon,
Securicor and Honda. We manage the process from start to finish and tailor each
event to suit the client and meet their specific objectives. We see further
growth opportunities and enjoy a high level of repeat business.

Sponsorship
Powerleague has been cultivating opportunities for Sponsorship from consumer
facing companies with brands and products which are sought after by our
customers.

We have worked closely with Xbox, Microsoft's powerful game console product, for
the last two years and they have recently extended their headline sponsorship on
enhanced terms for a further three years.

In 2004, Nike involved Powerleague in the launch of its new footwear product,
Air Zoom Control, designed for 5 a-side football. The success of this event has
helped build further ties with the world's leading sports brand. Powerleague has
now secured a National Sponsorship agreement, initially for 2005 and 2006.

We are engaging with a number of other potential sponsors who see the
significant benefits that can be gained from partnering with Powerleague and we
in turn derive both financial and commercial benefits from links with such
prestigious companies.


Outlook
With a strong and highly profitable core business, a high level of recurring
revenue, and excellent pipeline of future sites to develop, and encouraging
growth being shown from Sponsorship and National Events, the outlook for the
future looks bright. The success achieved from our activities in the last year
and a good start to the current year give us confidence for the year ahead.

Sean Tracey, Chief Executive


Group Profit and Loss Account
For the year ended 2 July 2005

Year Year
ended ended
2 July 26 June
2005 2004
Notes 000 000

Turnover 17,477 15,295
Cost of sales (3,212) (2,631)
----------- -----------
Gross profit 14,265 12,664
----------- -----------

Administration (10,052) (10,827)
expenses
Exceptional 2 928 2,243
items
----------- -----------
Total 9,124 (8,584)
administration
expenses
----------- -----------
Operating 5,141 4,080
profit

Analysed as:
Operating profit 4,213 1,837
excluding
exceptional items
Exceptional 928 2,243
items

Cost of group (189) -
reconstruction

Loss on (285) (125)
disposal of
fixed assets

Net interest (1,575) (1,403)
payable and
similar charges
----------- -----------
Profit on 3,092 2,552
ordinary
activities
before taxation
Tax on profit 3 (660) 264
on ordinary
activities
----------- -----------
Profit on 2,432 2,816
ordinary
activities
after taxation
Dividends
Preference (145) (128)
dividend on
non-equity
shares
----------- -----------
Retained profit 2,287 2,688
for the year
----------- -----------
----------- -----------
Earnings per ordinary
share
- basic and diluted 4 2.80p 3.28p
Adjusted Earnings
per ordinary share 4 2.47p 0.22p



Group Balance Sheet
At 2 July 2005

As at As at
2 July 26 June
2005 2004
Notes 000 000
Fixed assets
Tangible assets 61,500 42,964
Goodwill 5 (2,110) -
----------- -----------
59,390 42,964
Current assets
Stocks 115 101
Debtors 944 620
Cash at bank 25 663
and in hand
----------- -----------
1,084 1,384

Creditors: (6,291) (6,714)
amounts falling due
within one year
----------- -----------
Net current (5,207) (5,330)
liabilities
----------- -----------
Total assets 54,183 37,634
less current
liabilities

Creditors:
amounts falling (13,774) (21,708)
due after more
than one year

Provisions for (1,816) (871)
liabilities and
charges
----------- -----------
Net assets 38,593 15,055
----------- -----------
----------- -----------

Capital and reserves
Called up share 8,182 5,026
capital
Share premium 7,287 -
account
Group Merger - 23,396
Reserve
Revaluation 3,961 15,099
reserve
Capital reserve 15,931 -
Profit and loss 3,232 (28,466)
account
----------- -----------
Shareholders' funds
Equity 38,593 -
Non-equity - 15,055
----------- -----------
----------- -----------



Group Statement of Cash Flows
For the year ended 2 July 2005 Year Year
Ended ended
2 July 26 June
2005 2004
000 000

Net cash inflow from 5,252 4,091
operating activities

Return on investments and
servicing of finance
Interest paid (1,591) (1,402)
Issue costs of borrowings (69) -
Cost of non-equity share issue - (115)
and buy-back
Non Equity Dividend (273) -
----------- -----------
(1,933) (1,517)
----------- -----------

Capital expenditure
Payments to acquire (2,727) (1,899)
tangible fixed assets
Proceeds from the disposal
of tangible fixed assets 12 -
----------- -----------
(2,715) (1,899)
----------- -----------
Acquisitions and disposals
----------- -----------
Payment to acquire four sites (4,045) (1,899)
from VIDA
----------- -----------

Cash (outflow)/inflow (3,441) 675
before financing

Financing
New shares issued 11,427 2,601
Shares repurchased (26) (2,600)
Cost of equity share issue (958) -
Proceeds of Employee Benefit 352 -
Trust Shares Sale
New borrowings 17,344 622
Repayment of borrowings (26,115) (852)
----------- -----------
2,024 (229)
----------- -----------
(Decrease)/increase in cash (1,417) 446
----------- -----------
----------- -----------


Reconciliation of net cash flow to movement in net debt

000 000

(Decrease)/increase in cash in the period (1,417) 446
Net cash outflow from decrease in debt 8,840 229
-------- --------
Movement in net debt 7,423 675
Opening net debt (24,108) (24,783)
-------- --------
Closing net debt (16,685) (24,108)
-------- --------
-------- --------

Notes to the preliminary results for the year ended 2 July 2005

1. Basis of preparation

The financial information set out herein relating to the Company for the year
ended 2 July 2005 and the year ended 26 June 2004 does not constitute statutory
accounts within the meaning of section 240 of the Companies Act 1985.

The financial information incorporates the results of the Company and all of its
subsidiaries and has been prepared using merger accounting principles,
presenting the results of the Group as if Powerleague Group plc had been in
existence and had owned Powerleague Fives Ltd and its subsidiaries for the whole
period under review.

2. Exceptional items

Year Year
ended ended
2 July 26 June
2005 2004
000 000

Impairment of fixed assets - 732
Reversal of previous impairment (1,280) (2,975)
of tangible fixed assets
Bonus payable to Employee Benefit 352 -
Trust scheme participants
-------- --------
(928) (2,243)
-------- --------
-------- --------

The reversal of previous impairment of fixed assets of 1,280,000 (2004 -
2,975,000) relates to an original impairment that was recognised in the profit
and loss account in the year ended 30 June 2001 and has arisen as a result of an
improvement in trading performance and in the expected cash flows arising from
the operation of these facilities.

3. Taxation on profit on ordinary activities


Year Year
ended ended
2 July 26 June
2005 2004
000 000

Current taxation:
UK Corporation tax - -
Adjustment in respect (285) (223)
of prior years
----------- -----------
Total current tax (285) (223)

Deferred taxation:
Charge/ (Credit) for 945 (41)
the current period
----------- -----------
Taxation on profit on 660 (264)
ordinary activities
----------- -----------
----------- -----------


Factors affecting the current tax charge:
The tax assessed for the periods differs from the standard rate of corporation
tax in the UK.

The differences are explained below:

Year Year
ended ended
2 July 26 June
2005 2004
000 000

Profit on ordinary 3,092 2,552
activities before tax
----------- -----------
Tax on profit on ordinary 927 766
activities before tax at 30%
Expenses/(Income) not
deductible/(allowable) for 121 (391)
tax purposes
Capital allowances in (448) (409)
excess of depreciation
Utilisation of tax losses - 34
Unrelieved tax losses (601) -
brought forward
Adjustments to tax charge
in respect of prior period (285) (223)

Other timing differences 1 -
----------- -----------
Total current tax (285) (223)
----------- -----------
----------- -----------


Factors that may affect future tax charges

A deferred tax asset has not been recognised in respect of timing differences
relating to trading losses and non trading deficits, provisions and fixed asset
timing differences as there is insufficient evidence that the asset will be
recovered. The amount of the asset not recognised is 651,000 (2004 - 734,000).
The asset would be recovered if appropriate future taxable profits are made.
As the independent valuation of the properties exceeded their tax written down
values, capital allowances in respect of these assets will be lower than the
related depreciation until the properties are fully depreciated.

4. Earnings per share

Basic and diluted earnings per ordinary 10p share is calculated by dividing the
earnings attributable to ordinary shareholders by the weighted average number of
ordinary shares in issue during the period.



Weighted Weighted
Profit Average average
for number 2005 Profit number 2004
the of shares earnings for the of shares earnings
year number per share year number per share
000 (000) p 000 (000) p

Basic and diluted
earnings per share 2,287 81,820 2.80 2,688 81,820 3.28


Adjusted earnings per ordinary 10p share is calculated by dividing Operating
Profit before extraordinary items, but after deducting dividends payable on
preference shares.


Weighted Weighted
Profit Average average
for number 2005 Profit number 2004
the of shares earnings for the of shares earnings
year number per share year number per share
000 (000) p 000 (000) p


Adjusted earnings
per share 2,019 81,820 2.47 181 81,820 0.22


Reconciliation of
profit for the year: 2005 2004
000 000

Profit for basic and diluted earnings per share 2,287 2,688
Exceptional items (928) (2,243)
Taxation 660 (264)
----------- -----------

Profit for adjusted earnings per share 2,019 181
----------- -----------

For this first reporting year, the shares in issue at flotation have been
treated as if they had been in issue for the whole of the two reporting periods
under consideration.


5. Goodwill

Negative goodwill arose in the period following the acquisition of four sites
from VIDA and after the application of fair values applied to the assets and
liabilities acquired.

Fair value table Adjustments
Book value Revaluation Other Total
000 000 000 000

Fixed assets 4,101 2,159 a) 25 b) 6,285
Stock 20 - - 20
Cash 2 - - 2
Prepayments 2 - - 2
Creditors due within
less than one year - - (25) b) (25)
Creditors due after
more than one year (78) - - (78)
--------- --------- --------- ---------
Net assets 4,047 2,159 - 6,206
--------- --------- --------- ---------

Negative goodwill (2,159)
arising
---------
4,047
---------
Discharged by:
Purchase price 3,775

Costs associated
with the 272
acquisition
---------
4,047

a) increase in value of long leasehold properties to reflect third party
valuation (see note 11)

b) recognition of asset and liability in connection with assets acquired but
not yet paid for

Negative
goodwill
000

At 26 June 2004 -
Arising on acquisition of assets 2,159
Released to the profit and loss (49)
account in the period
-----------
At 2 July 2005 2,110
-----------
-----------

6. Annual report and accounts

The annual report and accounts for the year ended 2 July 2005 will be posted to
Shareholders in October 2005. Additional copies will be available via the
Company's website,
www.powerleagueplc.com,
or from the Company Secretary at the
company's Head Office at Anchor Grounds, Blackhall St, Paisley, PA1 1TD.



This information is provided by RNS
The company news service from the London Stock Exchange

Powerleague profits surge since April float

ALASTAIR REED


POWERLEAGUE, the Paisley-based five-a-side football operator, yesterday posted a 14 per cent surge in sales and promised there was more to come as it continues to roll out its ambitious expansion plans.

In its first set of results since it floated on AIM in May, Powerleague posted profits of 2.6 million on revenues of 17.5m for the year ending 2 July. Operating profits more than doubled to 4.3m, while cash generation jumped from 4.1m to 5.3m.


The group is the largest five-a-side football centre outfit in the country, with 335 pitches, and has the potential to add 100 sites in the UK and the rest of Europe, said chief executive Sean Tracey.

"There are a significant number of opportunities for more and larger sites," he said. "While most major cities in the UK are now covered by ourselves or our competitors, there are many smaller conurbations that simply aren't. And our policy has always been one size does not fit all - so we're always looking."

During the year Powerleague opened five new sites, including one in Kilmarnock, taking its presence in Scotland to seven. It has since opened another site and plans to open another five this financial year.

"The opportunities are certainly there, especially in a World Cup year, which should boost participation," Tracey said. "But we will pursue a measured and sensible approach to expansion, and not go at it too aggressively."

Vida Sports, the chain set up by Rangers FC chairman David Murray, went into administration in February after an over-aggressive expansion plan, combined with poor research on the location of its sites. Powerleague cherry-picked four of the sites and, according to Tracey, all are now open and operating profitably.

While Powerleague currently earns about 72 per cent of sales from pitch income, it is also taking advantage of the 80,000 people coming through its doors each week by cashing in on lucrative sponsorship opportunities.

It recently extended its headline deal with Xbox by three years, and yesterday announced a new deal with Nike that will see the global sports giant provide footballs for all the centres.

Evolution analyst Robin Chhabra said the results were in line with expectations, adding that the stock should provide a good defence against a continued economic slowdown. Chhabra has a "buy" rating on the stock, with a 85p price target. The shares closed up 1.5 per cent at 66p.

Surprised no one's following this one - recommended by Tom Bulford in RHPS.

Results out on Tuesday seem to be pretty good and in line with expectations but the markets taken agin them and dropped back nearly 6% to 70p at today's close.

Half year net profits of 976k and EPS of 1.19p suggest we should be heading for 2,860k and 3.5p respectively for full year after the seasonally better Jan-Jun period. I make that a PE of 20 at today's price - not obscene for a growth operation. Difficult to get a true growth comparison, but I'm using 51%, making a PEG of 0.39 - not unrespectable.

I like the story and the fact that the world cup is going to kick off in June, encouraging all sorts to doin their boots and act out their fantasies for real. Also the sponsorship tie ups are impressive - a useful revenue stream which also serves to greatly boost their image, already quite shiny from the good partnership they appear to foster with local authorities and schools.

Artemis hold 9.66% and Goldman Sachs 3.97% at last count. Director Simon Bentley holds a modest 10,000.

If the price drops back anymore these must be worth a punt. Anyone out there holding any? Any views to share?

sd

Powerleague Group reported a 56% jump in full-year pretax profit on higher turnover.

The company said it has continued to trade in line with expectations since the year-end.

The commercial operator of five-a-side football centres in the UK posted a pretax profit of 4.96m for the year to end June compared with 3.23m previously. Total sales rose 12% to 23.03m.

The company has proposed a final dividend of 1.1p compared with 0.75p per share.

Looking ahead, the company said the current pipeline of sites within the portfolio remains strong with new opportunities being targeted within under-provided locations. price 101/103p

WILL NOW START TO GO UP.

WILL or may!!! :o)
Director selling was the kiss of death for this stock recently, but may turnaround.

Shares Mag July 17th reports Chairman and Chief Exec are " snappinng up shares " as they believe it is now undervalued, dyor.

Harrycat - any view right now?

When stocks turn around, this isn't going to be one of the first, imo. I have no idea where the bottom is, so if that's what you're asking, maybe best to buy in small amounts & then get yourself an average price over a period of time.
There are a couple of competitors in this field, plus there is no guarantee that it is recession proof. Footy is 5.50 per hour per person. Will the numbers drop when the bad weather & Xmas are here, or when inflation bites? Too high risk for me at the moment.

NOW 27P TO BUY.

So?

Recent boost is "hope" IMHO - backed up by a Broker Note ( don't we love 'em) and Director buying.(oNu-mum-er). . . . Shares bought today are worth 11k, so the 17% price hike is unjustified (DYOR).
So, the reason for this activity appears to be that they've fallen so far - they can't fall further ( and competitors appear to be trading much higher).
Er, so there we are....surely the time this will become "interesting" is when the season is over ( and Results out) and maybe some Hype caused by England winning something, thereby encouraging youngsters etc.
I thought this had fallen so much because it was relativly new and had "lots" to proove...etc.

Does anyone here, have children that use these facilities?