Make your money go further for just 25p per day

DISCOVER LEISURE – in breach but the share price shrugs it off!

23/04/2009 · Discover Leisure (DISL) 

The Company was recently declared in breach of its ‘adjusted’ EBITDA banking covenant – not good!

They are now in discussion with their lending banks in relation to refinancing options – which are bound to come at a steep price!

On the operating front they have reported group sales in line with expectations (heaven knows what they are!) but at the expense of lower than budgeted margins.

Statistics from the National Caravan Council have indicated that demand for new Tourers, Motor Homes and holiday homes in the UK has fallen…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Discover Leisure

Small Cap Review 28th jan 2010

28/01/2010 · Smallcap Review
The Greenko (AIM:GKO) placing is well received, Galleon (AIM: GON) is equally well placed in China,…

DISCOVER LEISURE – in breach but the share price shrugs it off!

23/04/2009 · Company Insights
The Company was recently declared in breach of its ‘adjusted’ EBITDA banking covenant – not good!

More Company Insights

Elderly challenges | Demotion | Australian boost

21/11/2024 · Churchill China · CVS Group · Renold · Tracsis

Bonkers Bargains: poised to recover with a new CEO

20/11/2024 · James Cropper

Improving returns | Questionable business models

Sign-up to our free email updates

SIGN UP