Updates

Powerleague

May 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We omitted to update on Powerleague's interims last month due to lack of space. The company, which operates 5-a-side football centres, reported sales for the first six months up a modest 4% to Â£11.3m. The four new units, three of which opened in the period and one just after at a total capital cost of Â£3.6m, have had a hugely depressing effect on profitability due to treatment of pre-opening costs, interest and depreciation. In what is seasonally a weaker half anyway, pretax profit fell marginally from Â£2m to Â£1.9m, for eps down 3% to 1.6p.Post the period end, Powerleague has acquired Soccer Domes for Â£17.4m from retailer JJB Sports. Soccer Domes is the third largest operator and adds five indoor units (comprising 69 pitches) ...

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Kewill

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Powerleague (November 2009)

Powerleague - Directors buy on eight occasions (December 2008)

Powerleague (October 2007)

Powerleague - Rollout of new sites continues (December 2006)

Powerleague - Effective pre-marketing (July 2006)

Powerleague (May 2006)

Powerleague - Leagues make 5-a-side sticky (December 2005)

Powerleague - Maiden results in September (September 2005)

Powerleague - Double the size of Goals Soccer Centres (June 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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