News & Comment
Sports management group First Artist is continuing its takeover spree by buying Sponsorship Consulting Ltd (SCL) for up to £750,000.
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Acquisitive sports management group First Artist is paying £3.75 million for two acquisitions in football and entertainment management.
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Jon Smith, chief executive of First Artist Corporation, plans to take the sports management group into TV programme-making as it prepares two acquisitions in the entertainment agency field.
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As foreshadowed here in November, First Artist Corporation has turned a £493,000 annual loss into an £809,000 pre-tax profit.
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Battle-scarred sports player and wealth management group First Artist Corporation is back in the black and eyeing acquisitions.
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Aim-listed First Artist, which represents and manages football and other sports personalities, has formed a 50-50 joint venture with the World Sport Group – another Aim-traded concern which handles mainly Asian sporting events – just in time for the World Cup in June. Robert Tyerman reports.
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Aim newcomer First Artist Corporation, which handles football stars' media activities, has doubled first half profits to £1 million pre-tax on sales up threefold to £3 million, thanks to including figures from its latest acquisitions, and is looking at deals in Europe and the Far East, writes Robert Tyerman.
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Recommendations
Long gone are First Artist’s days of lumpy earnings based on football agency revenues.
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My 2008 tip is First Artist Corporation, seriously transformed yet trading on a ludicrously low valuation and sure to win fans in the year ahead.
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Private & Commercial Finance has been one of the most consistent performers among our Company Watch recommendations over the past 18 months. Touted as a 'Buy' at 55p in June 2001, the shares have been as high as 86.5p this year, and currently rest at 70p. If recent developments are anything to go by, the price should soon attain, and surpass, its recent heights.
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First Artist
NO RECOMMENDATION 24/05/2002
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One of the consequences of the new deal in European soccer is that more and more players move clubs at the end of their contract period. That is good news for First Artist, which represents a host of footballers across Europe and moved from Ofex to Aim last December after merging with Italian company FIMO.
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Sector Articles
It is not every month that an Aim company announces the intention to bid for a FTSE 100 constituent. But that is precisely what happened in February, when long-dormant cash shell Capital Management & Investment (formerly known as e-xentric) announced that it is lining up a bid for leisure conglomerate Six Continents (itself formerly known as Bass).
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