Following my last post about the success of Mecca Bingo at their High Court appeal about their tax rebate, Bingo Supermarket has an interesting take on the ruling. Rather than saving the industry, it could actually cause some operators severe difficulties as banks take the rebate’s straight off them to cover outstanding debts. This then […]
Tag: TopTenBingo
Top Ten’s Continued Financial Woes
My buying shares in a company must be a kiss of death. We won’t mention the Woolworth shares as I should have known better at the time, but when I bought some in Top Ten Holdings PLC, the UK’s 3rd largest bingo chain, I thought I was getting a bargain. Then they lost 90% of […]
Top Ten Bingo Profit Woes
The UK’s third largest Bingo train is suffering profit and share troubles. ICWales Business reports that the chains profits have halved in the last 6 months, with the foreseeable future set to be equally difficult. Top Ten Holdings have also seen their share price slump as well. Top Ten have already sold a number of […]
More Profit Woes – Rank Share Downgraded, Top Ten’s Profits Below Expectations
Following on from the recent post about Rank’s share price slide, there’s more bad news on the shares front. Given the current state of their shares and uncertainty over profit levels for the rest of 2007, the HSBC has downgraded the stock from overweight to neutral. It’s not good news for the chain, but they […]
Top Ten Purchase Mexburgh Bingo Hall
The UK’s third largest Bingo chain, Top Ten has purchased the Lance Leisure club in Mexborough, for just over a million pound. It means they own two clubs in the South Yorkshire town.
Top Ten Bingo Shares Up
Share holders in the UK’s third largest Bingo chain will be smiling, Top Ten Bingo’s shares have shot up in recent days on the tail of a favourable annual earnings report. The chain’s refurbishment programme and expansion plans are thought to be partially responsible for their success.
Top Ten Cease Takeover Talks
News from the city that the Bingo Hall chain Top Ten are no longer in talks for a takeover. “Further to the announcement made on 20 April 2006, the Board of Top Ten announces that the preliminary discussions regarding a possible offer for Top Ten have now ceased,”. Read More…(Dead Link)
