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Total worth per CPC share is now down to 134, and was 144 on acquisition announcement . I'm incline to sell now. Anybody got thoughts?
Sell price for CPC shares has now crept up to a shade over 140 (from 136). Undecided wether to sell or hold on....
8more p to come = 145
Share price was £17 before Covid now extra 50 pubs. I think they’ll be okay for my old age
14 shares are £10.90÷3 1,35 p non-voting shares £8.90
Agreed.
Could be a second offer comes in but seems highly unlikely. Or could sell now just in case deal falls through, again does not look probable which is why price is close to the final expected outcome
Thanks very much Chapel
Appreciate the reply
If my calculation is right let's say for 1000 share of City it would worth about 140.2 so really not a big deal of jump or gain if that goes through
This was a price about 2021 !
So what is the gain for old timers here!? (After the deal completed)
Thanks
For each City Pubs Share: 108.75 pence in cash (the "Cash Consideration")and 0.032658 new Young's A Shares (the "New Young's A Shares")
so about 1 Youngs share for every 31 CPC share plus cash
I think I might call myself Mr bloody difficultI
I think some of the large shareholders are taking the loss, they might push for a better offer or get difficult. Please God
Hi
I am confused with the announcement of £ 10 per share after joining Youngs group
What does that mean?
Only for holders before this announcement!
But how could this possibly be ? If you had 1000 share you make £10000!?
Would it be correct to assume
- Young’s decision to buy City Pub Group is a done deal
- The deal values City Pub Group stock at 145p per share
- City Pub Group shareholders will receive 108.75p in cash per share and the remainder in Young’s shares
- The valuation of 145p is guaranteed. until your receive the addition Young's share when their value can fluctuate
- CPC investor are not losing out in the short term by holding on their shares
Pros and cons of holding v selling?
For each City Pubs Share: 108.75 pence in cash (the "Cash Consideration")and 0.032658 new Young's A Shares (the "New Young's A Shares")
· Based upon the Closing Price of a Young's A Share of 1,110 pence on the Last Practicable Date, the Transaction represents a total implied value of 145 pence per City Pubs Share, valuing the entire issued and to be issued ordinary share capital of City Pubs at approximately £162 million.
Most holders don't cling on for the cash and new shares. It is not impossible for another pub co to make a better offer but unlikely. However, with Xmas trading while the bid procedure drags on, it might be worth doing nothing at all at this point.
You'll also end up with some Youngs shares, which are approx. £10 each... which will obviously be at zero cost. So factor that in to any calculations.
Obviously great news. Been holding these at a loss for a long time. Based on a value from the sale at 145p per share why are these now not very close to that value? Is it because of the timeline for the sale? Is the best option to now keep these until the sale goes through to benefit from the premium to the current price? Interested in opinions as would be the first to admit a bit out of my depth when things like this happen
#VRCI 50p by Xmas
The recent partnership between Thermo Fisher Scientific Inc., a company with a market cap of 182 billion USD, and Verici Dx is a major development that many investors are overlooking. This joint venture has significant implications for the future of both companies and the broader healthcare industry.
I think all surplus funds spent on upgrading infrastructure this business is for selling the business at a profit not for long term trading
Yes, the value of CPC pretty much reflects the value of its assets.
I have averaged up and down like a yo-yo over the last 4 years and now have a hefty chunk at 108p.
CPC does need to generate more cash to have a bigger margin of safety on its debt obligations, but I also think that with drinkers concentrated on fewer pubs, and CPC's own great productivity efforts, we should see a more robust buffer soon.
CPC
Book Value £92.9 million
Book Value per share 88.9p
Share Price 89p
MCap £92.89 million + £22.20 million net debt = enterprise value £115 million.
With so many pubs closing the sensible argument is that those remaining will be better frequented more especially over the Xmas and New Year. I am told by a publican friend that the reason why CPC likes to have more than one pub in each busy city is so that the trained staff can be easily switched between pubs in the same city depending on staffing requirements. And most of the buildings have been bought for decent prices - freehold so are unlikely to lose even if they have to be sold. Which is a good case for holding CPC even if, like me, you are not in positive territory either to visit and enjoy them or, at present, to sell them profitably.
(I'm in Liverpool so no CPC pubs here for me to visit)
W13Ken, any updates from your adventures?
I'm hoping the pubs were full of Rugby World Cup enthusiasts over the last many weekends. Pity the games weren't played after work on a Thursday evening (Thursday being the new Friday apparently). Of course, it's good that the Final was played on a salary weekend.
I can hear deafening silence.
I can hear tree shaking