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Leisure Acquisition

Nasdaq:LACQ.U
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LACQ.U
Nasdaq
$63M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Leisure Acquisition Corp. does not have significant operations. The last earnings update was 7 days ago. More info.


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LACQ.U Share Price and Events
7 Day Returns
0.2%
NasdaqCM:LACQ.U
1.1%
US Capital Markets
0.5%
US Market
1 Year Returns
4.2%
NasdaqCM:LACQ.U
8.3%
US Capital Markets
12.8%
US Market
LACQ.U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Leisure Acquisition (LACQ.U) 0.2% -0.2% 0.8% 4.2% - -
US Capital Markets 1.1% 6.4% 9.2% 8.3% 33.8% 58.5%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • LACQ.U underperformed the Capital Markets industry which returned 8.3% over the past year.
  • LACQ.U underperformed the Market in United States of America which returned 12.8% over the past year.

LACQ.U Value

 Is Leisure Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Leisure Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Leisure Acquisition.

NasdaqCM:LACQ.U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.82 * 48.2%
$0.39
Book Value of Equity per Share Median Book Value from the past 5 years. $0.82
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:LACQ.U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.835 * 5.96%)
7.71%

Discounted Cash Flow Calculation for NasdaqCM:LACQ.U using Excess Returns Model Model

The calculations below outline how an intrinsic value for Leisure Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:LACQ.U Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (48.2% – 7.71%) * $0.82)
$0.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.33 / (7.71% - 2.73%)
$6.66
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.82 + $6.66
$7.48
NasdaqCM:LACQ.U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqCM:LACQ.U represents 1.03304x of NasdaqCM:LACQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03304x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 7.48 x 1.03304
$7.73
Value per share (USD) From above. $7.73
Current discount Discount to share price of $10.63
= -1 x ($10.63 - $7.73) / $7.73
-37.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Leisure Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Leisure Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Leisure Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:LACQ.U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.26
NasdaqCM:LACQ Share Price ** NasdaqCM (2019-11-11) in USD $10.29
United States of America Capital Markets Industry PE Ratio Median Figure of 81 Publicly-Listed Capital Markets Companies 39.51x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Leisure Acquisition.

NasdaqCM:LACQ.U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:LACQ Share Price ÷ EPS (both in USD)

= 10.29 ÷ -0.26

-39.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leisure Acquisition is loss making, we can't compare its value to the US Capital Markets industry average.
  • Leisure Acquisition is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Leisure Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:LACQ.U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -39.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
30.7%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 37 Publicly-Listed Capital Markets Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Leisure Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Leisure Acquisition's assets?
Raw Data
NasdaqCM:LACQ.U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.81
NasdaqCM:LACQ Share Price * NasdaqCM (2019-11-11) in USD $10.29
United States of America Capital Markets Industry PB Ratio Median Figure of 153 Publicly-Listed Capital Markets Companies 6.6x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:LACQ.U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:LACQ Share Price ÷ Book Value per Share (both in USD)

= 10.29 ÷ 0.81

12.64x

* Primary Listing of Leisure Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leisure Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Leisure Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Leisure Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LACQ.U Future Performance

 How is Leisure Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Leisure Acquisition, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Leisure Acquisition expected to grow at an attractive rate?
  • Leisure Acquisition's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Leisure Acquisition's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Leisure Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:LACQ.U Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:LACQ.U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 30.7%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.1%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:LACQ.U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:LACQ.U Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 -1 -2
2019-06-30 -1 -1
2019-03-31 -1 -1
2018-12-31 -1 -1
2017-12-31 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Leisure Acquisition's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Leisure Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:LACQ.U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Leisure Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:LACQ.U Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.26
2019-06-30 -0.23
2019-03-31 -0.25
2018-12-31 -0.22
2017-12-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Leisure Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Leisure Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Leisure Acquisition has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LACQ.U Past Performance

  How has Leisure Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Leisure Acquisition's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Leisure Acquisition does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Leisure Acquisition's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Leisure Acquisition's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Leisure Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Leisure Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:LACQ.U Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -1.56 1.63
2019-06-30 -1.38 1.89
2019-03-31 -1.48 1.58
2018-12-31 -1.34 1.56
2017-12-31 -0.25 0.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Leisure Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if Leisure Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Leisure Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Leisure Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Leisure Acquisition has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LACQ.U Health

 How is Leisure Acquisition's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Leisure Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Leisure Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Leisure Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Leisure Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Leisure Acquisition has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Leisure Acquisition Company Filings, last reported 1 month ago.

NasdaqCM:LACQ.U Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5.00 0.00 1.27
2019-06-30 5.00 0.00 1.40
2019-03-31 5.00 0.00 1.51
2018-12-31 5.00 0.00 1.66
2017-12-31 5.00 0.00 2.09
  • Leisure Acquisition has no debt.
  • Leisure Acquisition has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Leisure Acquisition has less than a year of cash runway based on current free cash flow.
  • Leisure Acquisition has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.1% each year.
X
Financial health checks
We assess Leisure Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Leisure Acquisition has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LACQ.U Dividends

 What is Leisure Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Leisure Acquisition dividends.
If you bought $2,000 of Leisure Acquisition shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Leisure Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Leisure Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:LACQ.U Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Leisure Acquisition has not reported any payouts.
  • Unable to verify if Leisure Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Leisure Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Leisure Acquisition has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Leisure Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Leisure Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Leisure Acquisition has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LACQ.U Management

 What is the CEO of Leisure Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Silvers
AGE 43
TENURE AS CEO 2.2 years
CEO Bio

Mr. Daniel Braun Silvers, also known as Dan, has been the Chief Strategy Officer at Inspired Entertainment, Inc. since December 23, 2016 and is its Executive Vice President. Mr. Silvers served as Managing Member at Matthews Lane Capital Partners LLC since June 2015 and also serves as its Chief Investment Officer. He has been Chief Executive Officer at Leisure Acquisition Corp. since September 2017. He founded Matthews Lane Capital Partners LLC in June 2015. He served as the President at SpringOwl Asset Management LLC from March 2009 to June 2015. He served as the Chief Strategy Officer at Hydra Industries Acquisition Corp. since December 23, 2016. He served as the Managing Director of Ader Investment Management LLC since 2009. Mr. Silvers served as the President at Western Liberty BanCorp. from April 28, 2009 to October 2010. He joined Western Liberty BanCorp from Fortress Investment Group LLC, where he served as Vice President from October 2005 to March 2009. His primary focus was to originate, oversee due diligence on and asset management for gaming and real estate investments. He was a Senior Member of the real estate, gaming and lodging investment banking group at Bear, Stearns & Co. Inc., from July 1999 to October 2005 and served as a Vice President of Investment Banking at Bear, Stearns & Co. Inc. He was integrally involved in all aspects of its gaming and hospitality industry investment banking practice, including origination, analysis and transaction execution. He served as the President of Reunion Hospitality Trust, Inc. and serves as its Director. He has been Director at Leisure Acquisition Corp. since September 2017. He was Director of PICO Holdings, Inc. from March 18, 2016 to May 03, 2018 and was its Lead Independent Director from December 2, 2016 to May 03, 2018. Mr. Silvers has been a Non Executive Director of India Hospitality Corp., since December 29, 2010. He is Director of Avid Technology, Inc. since 2018. He served as a Director of Braemar Hotels & Resorts, Inc. (formerly, Ashford Hospitality Prime, Inc.) since March 3, 2017 until July 06, 2017. He served as a Director of International Game Technology from March 5, 2013 to November 14, 2013. He served as a Director of Forestar Group Inc. from February 2015 to October 5, 2017. He served as a Non-Executive Director of bwin.party digital entertainment plc from June 10, 2014 to November 10, 2015. Mr. Silvers served as a Director of Universal Health Services, Inc. from July 2009 to May 18, 2011. In 2015, he was featured in the National Association of Corporate Directors' "A New Generation of Board Leadership: Directors Under Age 40" list of emerging corporate directors. He is active in a number of not-for-profits, including Horace Mann School, University of Pennsylvania, UJA-Federation of New York and The Lustgarten Foundation. Mr. Silvers holds M.B.A. in Finance and B.S. in Economics from University of Pennsylvania - The Wharton School. He has also received a Corporate Governance Certification through the Director Education & Certification Program at the UCLA Anderson School of Management.

CEO Compensation
  • Insufficient data for Dan to compare compensation growth.
  • Insufficient data for Dan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Leisure Acquisition management team in years:

2.2
Average Tenure
46
Average Age
  • The tenure for the Leisure Acquisition management team is about average.
Management Team

A. Weil

TITLE
Executive Chairman
AGE
72
TENURE
2.2 yrs

Dan Silvers

TITLE
CEO & Director
AGE
43
TENURE
2.2 yrs

George Peng

TITLE
CFO, Treasurer & Secretary
AGE
49
TENURE
2.2 yrs

Eric Carrera

TITLE
Senior VP of Finance & Business Development
AGE
30
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Leisure Acquisition board of directors in years:

1.9
Average Tenure
52
Average Age
  • The average tenure for the Leisure Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

A. Weil

TITLE
Executive Chairman
AGE
72
TENURE
2.2 yrs

Dan Silvers

TITLE
CEO & Director
AGE
43
TENURE
2.2 yrs

Marc Falcone

TITLE
Independent Director
AGE
46
TENURE
1.9 yrs

David Weinstein

TITLE
Independent Director
AGE
52
TENURE
1.9 yrs

Steve Rittvo

TITLE
Independent Director
AGE
70
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Leisure Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Leisure Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LACQ.U News

Simply Wall St News

LACQ.U Company Info

Description

Leisure Acquisition Corp. does not have significant operations. It intends to acquire businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2017 and is based in New York, New York.

Details
Name: Leisure Acquisition Corp.
LACQ.U
Exchange: NasdaqCM
Founded: 2017
$63,175,701
6,139,524
Website: http://leisureacq.com
Address: Leisure Acquisition Corp.
250 West 57th Street,
Suite 2223,
New York,
New York, 10107,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM LACQ Common Stock Nasdaq Capital Market US USD 28. Dec 2017
NasdaqCM LACQ.U Units Nasdaq Capital Market US USD 01. Dec 2017
Number of employees
Current staff
Staff numbers
0
Leisure Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:23
End of day share price update: 2019/11/11 00:00
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.