Mome Wrath
18 Oct 2017
Re: Web site down Can't afford the hosting fees maybe, forgot to renew the domain name more likelystill no decision by the court yet. Good cliff hangin', edge of seat, nail biting stuffguaranteed by Clear. Stuff of dreams - stuff of nightmares more like.Taint over till the fat lady vomits.
Dr Trustme
17 Oct 2017
Web site down [link] site appears to have been taken down. Not that it has proved very valuable in the past, but it is rather worrying as there does not seem to be any other official means of communication for this company.
Mome Wrath
11 Oct 2017
Clear got kicked in the nuts again then
Mome Wrath
26 Sep 2017
? Either the market's belatedy catching up with the valuation or there's a rumour going round that the courtsdecision will be favourably, either way, bring it on.
BBanker
22 Sep 2017
Re: Great Settlement Once we get through the next hurdle on the 29th September the group will be in a much better position and shareholders can hang on for an interesting ride. At least things are looking up and there could be other good news on the horizon. This company has been through the mill but the current management seem to have the financial backing to recover some of the lost ground over the past ten years. It seems that the Italian courts are very slow to react and we can but hope that the fraud that has occurred in recent years will find an understanding judgement and secure the companies future in the leisure industry.
Mome Wrath
21 Sep 2017
Great Settlement Now that is a really great piece of negotiation that Francesco Gardin and his team have achieved, as haveall the other similiar deals at discounts of around 80%. Well done. Well done indeed.
BBanker
18 Sep 2017
Looking in better shape This company has suffered from bad management and has been taken to the cleaners by dishonest dealings. Now seems to be under much better control and only one legal action needs to be successful to transform the groups future. We can only hope that the courts uphold the claims that are underway and that those who have defrauded the company get their cumuppance.
Mome Wrath
07 Jul 2017
Re: Answers please.... 07.07.17 RNS "in May of this year we purchased a further Eur 3.14 million of loans owing by Mediapolis Srl to a syndicate of three Italian banks, also at a 76 per cent discount."Well that's clear now and well done the negotiators who have performed a very shrewd move here, securing first debt over 5 mil.There is still much work to be done but I am satisfied with the vigour and the determination shown in cleaning up past transgressions and enhancing the balance sheet.It will be a while yet but value will out in the end.
BBanker
27 Jun 2017
Re: Answers please.... I agree entirely. The long suffering shareholders are completely in the dark and other than the current activity which must be based on something we have no basis on which to make a judgement on whether we should buy or sell the company shares. In such circumstances I am inclined to hold as there is clearly something afoot.
Mome Wrath
27 Jun 2017
Answers please.... (RNS 15 June 17) "In May, and before Mediapolis srl was notified of the court hearing, Clear Leisure acquired,at a discount – from Mediapolis's banks, a debt of EUR 3.14m and the corresponding first charge mortgage on the Mediapolis site."(Was this a) a deal whereby a higher bank debt was discounted down to 3.14 million euros or was it b) a debt of 3.14 milliion euros bought at an unspecified discount for an unspecified purchase price? In short, how much was actually paid for the debt and the first mortgage?)We have a situation where the debt (E3.14m) and the interest (E4m) totaling E7.14 m, is owed to Clear who only have the protection of a 5m recovery cap in the event of a wind-up and we have no idea what the cost of this "aquisition" was, fortuitious though it may have worked out to be.We have a value for Mediapolis of 13 million euros:- (RNS 1 July 16) "As the result of a detailed professional valuation, we have reduced the carrying value of development land held by Mediapolis by a further €7 million to €13 million" but in the event that Mediapolis is wound up, then the maximum value to Clear would appear to be only 5m euros. Any idea what this would do the sp?(RNS 1 July 16) "Pleasingly, a similar valuation for the villas held by Mediapolis has resulted in an increase in value from €4.6 million to €5.1 million. (RNS15 June 17) "Clear Leisure said: "Should Mediapolis srl be made the subject of a winding-up order, the holiday villas in Porto Cervo, Sardinia would be part of this process as they are owned by it; but, as the debt owed against the villas is only slightly lower than their current market value, this would have minimal impact on Clear Leisure's balance sheet." - Well that was news now, wasn't it?Francesco Gardin, whose January share in lieu of salary issue has near doubled in price, 30K to circa 56K (good on you Francesco, you deserve it,) has a reputation for buying back debt at a discount:- (RNS 23 Sep 16) "Clear Leisure is pleased to announce it has entered into a binding agreement with an Italian bank to buy back E1.3 million of debt of one is its subsidiaries at a 76% discount. I don't think that the discount for Mediapolis's debt could have been on this scale otherwise it would surely have been RNS'd, but I do look forward to seeing the actual debt purchase figures in an appropriate RNS in due course.(RNS 30 March 2016) "a claim for approximately EUR 39.65 million against the Piedmont Region, for failing to issue a construction permit, was filed in court last year" (2015)What happens in the event of a Mediapolis wind-up to this case, presumably bought by Mediapolis not Clear?Does it fail by virtue of there being no company left to press its case?Answers pleas
Gold or Silver
27 Jun 2017
10p Target BUY BUY BUY Yes a breakout has been consummated .News must be pretty good.Best of Luck A
BBanker
27 Jun 2017
Is someone building up a large stake. With the sudden increase in activity in this little known stock it suggests that someone is building up a large holding. I am left with a feeling that something is going on other than the Court activity and we are being kept in the dark. A more detailed statement from the company would not go amiss!
alltold9
26 Jun 2017
Re: RNS OUT! Still a lot of large buys, indicates to me some know more than others!!!!!
alltold9
26 Jun 2017
RNS OUT! Looks good to me. Further time needed to consider indicates there are many positives. Early July all will be revealed!!
