PWR seems much cheaper than GOAL.
PWR sales for y/e 2/7/05=£17.5m producing EBITDA=£6m
GOAL 6m/e 30/06/05=£5.5m producing EBITDA=£2.2m
PWR has 32 centres + sponsors
GOAL aiming for 26 centres by end of 20007 and 31 by end of 2008
Although how big is each centre?
PWR has three big named sponsors
PWR operating activities generated cash of £5m in the year.
GOAL operating activities generated cash of £2.4m in 6 months.
PWR Cap=£52m @63p
GOAL Cap=£71m @ 170p
However, are either cheap enough to buy? FT article in Nov. suggested that PWR could be subject to a private buy-out due to strong cash-flow. Also in Nov. one smallish director buy @ 64p