NoQuestionMarks
20 Mar 2018
Very tempting 65p... £50 million market cap, or thereaboutsDiluted EPS of 9.2pProfits up, cash flow up, debts down.Andy Anson joining at the end of April.City football group branding licensed in the USA.Hambro's doubled stake to 10%The recent poor weather must have hit sales for the last couple of months I would guess.Nevertheless at 65p I think I'll be buying soon.
NoQuestionMarks
22 Jan 2018
Re: Overdone? Ahh, the reason... There was a Post closing update released at 7am...It wasn't, and still isn't (1.20pm) on interactive investor, as far as I can see.What a rubbish service!Post Close Trading UpdateINVESTMENT DELIVERING IMPROVEMENT Goals Soccer Centres PLC, a leading operator of outdoor small-sided soccer centres with forty-nine sites, including three in North America announces a trading update for the year ended 31 December 2017 in advance of the release of the Company's final results on 13 March 2018. Goals is continuing to show progress from its strategic recovery plan with 2017 proving a period of significant investment in the UK and strategic progress in the US. Total sales increased by 0.5% to £33.7m (2016: £33.5m). Like for like sales declined by 0.5% (2016: +0.5%), the decline was exacerbated by the disruption of closure due to investment in upgrades (0.4%). In the UK, the specific trading patterns outlined in the summer have broadly continued in H2: major Arena investment is delivering good sales growth in a large group of sites, whilst minor refurbishment has reduced the rate of sales decline. Sites that have yet to receive investment have continued to perform poorly. Just over half of our estate has benefited from investment. A further £3m of capital will be selectively targeted to further modernise the estate during 2018 to deliver the compelling proposition which customers clearly seek. The Joint Venture in North America with City Football Group, formed in July 2017, is performing and progressing well. Our third club in North America opened last week at Rancho Cucamonga in Los Angeles and we expect to commence construction of our fourth club during Q2 2018. Overall, the Board anticipates profits for 2017 will be broadly in line with the lower end of market expectations. Further to the announcement of 12 October 2017 Mark Jones, will step down from the Board and leaves the business on 26 January. The search for a new CEO is at an advanced stage and we hope to be able to update on this shortly, however in the meantime Bill Gow will assume Mark's responsibilities as Interim CEO. Nick Basing, Chairman commented:"Our recovery plan remains "work in progress" with 2017 being a period of substantial investment in the UK and significant improvement achieved where major investments have been made. We are excited by the progress and the future of our strategic joint venture with City Football Group in North America.With our new developments in North America and further investment in our UK business, we are confident that we can deliver improved returns, over time, for Goals
NoQuestionMarks
22 Jan 2018
Re: Overdone? Hi all,Still watching and waiting.An all time low today, any ideas of the reason for the steep drop at the open? News leak maybe?Until concrete signs of the turnaround plan working are reported I can't see too much optimism in the market for Goals. nqm
Another Jacko
03 Jan 2018
Re: Overdone? Is that an overhang cleared today? Could that be the reason for the recent price weakness? Hopefully these will now start to rise back to nearer £1.
Another Jacko
23 Dec 2017
Re: Overdone? I quite like these. They are now trading at a discount to TNAV with hopefully the benefits of their recent investment and US expansion to be felt in the future.I have a few and am sitting on a loss but am confident of getting my money back in time.
NoQuestionMarks
23 Nov 2017
Re: Overdone? Hi all,luck rather than better judgement I didn't manage to get in.A 6% drop out of nowhere... Any ideas?
NoQuestionMarks
12 Sep 2017
Overdone? Been following for a while now from the sidelines,Not a bad set of results when you consider the investment in the refurbished sites, a 10% hit seems a bit harsh.Powerleagues, the turnaround, the debt pile and the California expansion are all preying on investment sentiment I guess, everyone wants certainty.I'm going to try to get in this morning, it seems like an opportunity.
Lavenonews
12 Sep 2017
Reality Check 16.8m of CAPEX in last 18 months. Result?Goals UK should be able to tread water as a result of the investment that has gone in but with 4m of annual head office costs a powerleague merger or take private would make sense. It doesn't really need to be an independent plc anymore at this size, now that the US growth opportunity is being funded in the JV.
long term hold
24 Aug 2017
Sports direct upping stake aggressively Looks like sports direct have taken ownership to over 14 per cent today... interesting move !
Another Jacko
30 Jul 2017
Update at last Well it looks like good news to me, they're throwing their North American hat in with the Arabs that own Man City and getting a load of new funding to accellerate the roll out of their estate over there coupled with the right to use the names for marketing and promotion.The trading update wasn't too bad either, reinvestment is taking place at a fair clip and like for like sales were up. I still think these are cheap and football and beer aren't going out of fashion anytime soon.
Lavenonews
17 Jul 2017
Re: Update I agree - nearly 3 months on from what was a very informal statement is quite enough time to have either moved forwards or away from any approach and update all shareholders accordingly. I have no doubts that the larger shareholders will know the state of play, not least given their board positions in some cases. A trading update that contains some actual numbers would be appreciated as well - after all, it's shareholders money that is being invested and statements like 'better than last year' (well given you have invested millions, let's not clap too loudly) & 'in line with expectations' (that wonderful BS phrase) are a waste of time and of no use whatsoever to anyone wanting to value this business.
Another Jacko
22 Jun 2017
Update Isn't it about time we had an update on their merger talks?
Lavenonews
13 Apr 2017
Should be Strong buy! ticked the wrong box!
Lavenonews
13 Apr 2017
Take privates The IPO of Ten Entertainment announced yesterday reminds me that Harwood (main shareholders in Goals) and Basing (current Chairman) have track record and like the leisure market - they took Essenden private at a valuation of c. £40m less than two years ago and are refloating at £107m today in the form of Ten Entertainment.Very much worth noting that Harwood are currently attacking Strategic Equity Capital who own c 9% of Goals and who could be a potential 'spanner in the works' to any take private being done on the cheap (like Essenden was), should that be the route Harwood wants to pursue. Goals ticks all the boxes for them - well invested UK estate, US growth opportunity, cash generative, reasonably predictable and well spread revenue, barriers to entry at the premium end and currently on a low multiple. i.e. great long term cash generation, poor short term sentiment. So far as I can see, H2 2016 like for like sales took no account of the closure days for the pitch refurbishment programme so I think understates the true sales & profit potential if all pitches are open all year. I see this as a very clear win win opportunity at the current price - either it gets taken private by Harwood or the natural return on capital and improvement in trading off the back of re-invigorating the entire business starts to feed through and the profit and multiple improves on the public market. Given the placing took place at a £1 a year ago it seems reasonable that most downside is already in the price as well.
Lavenonews
05 Feb 2017
Usa #2 opens 11th Feb With Goals UK stabilised and acting as a cash generating underpin, attention hopefully turns to the growth opportunity in the US. Site #2 opens this weekend. Long overdue. Why they were opening sites in Doncaster a year or two ago over pushing the US no one will ever understand. With a pipeline of further US sites, hopefully Goals starts to rate on growth rather than ex growth basis. Fingers crossed. A reasonable bet this gets taken private in due course - it ticks most of the boxes.
