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I think sentiment will change when the figures for all the new pubs and the improvement on the old pubs I can see 1400
I’ve just Purchased about 60 newly fitted pubs ready to go profitable from day one they only have good pubs in good areas. The assets are worth more than the shares. I can’t see anything to worry about literally a safe houses.
...all time low..
Have you looked at the longer term YNGN share price chart?.
Thank you cranmore8. good to know the reason is not something more worrying.
City Pub share owners selling the free shares
Is to blame Try to buy the bottom
Nothing but positive news coming from the company in recent months, yet the sp in freefall, especially N/V shares. Indeed at an all time low in the last 5 years. Anyone know what bad news is due to explain the pitiful sp ?
I have a few from the CPC takeover. Seem not to be rising but doing the opposite! Its wait and see time,
...in 2023 Accounts virtually DOUBLE present SP!! When this bid is finally concluded, I could do
worse than increase my holding here by the cash I receive for my CPC shares.
Recent results from brewers have been strong…it seems we Brits still like to visit the pub….and increasingly that involves food and other services.
The old fashioned boozers may become less productive as Gen z and Millenials dont drink as much….but closures are a property redevelopment play, so not much to worry about….
OBNW, I agree often a redevelopment play…..*Greene King was acquired by. CK Asset a HK based property company in 2019 pre-CoVid….have to think they are less interested in selling beer than rental and development income.
I hold the Non-voting YNGN shares….they get the same dividends and have the same rights in an offer situation but trade at a significant discount to the A shares,,,,,I am hoping they will do what Schroeder’s did and convert to a single class….there has been a significant divergence in SP this last year with gains going to A shares only….so there is the potential for a catch up in the N s too in the short term…..if you want a better yield invest in the Non Voting shares.
I’m also new to this, just thinking when Youngs carry out their due diligence, will this purchase go ahead.
Just not sure how they have valued the pub estate of CPC.
Hi Jatw. {'m new here. and will have some via takeover of cpc.I see The Times recently gave them a Hold and the recent high is nearly double the SP. I am not too excited about prospects of pubs generally but the larger and well situated ones are almost a property play in view of the number of shops closing so there may be a bit of mileage there medium term.
Seems to be gearing the balance sheet up…£40m of new shares issued and £120m of cash going out of the combined businesses…..debt to EDBITDA metric going up
Agree, IF the dividend keeps coming !
My Strong Buy is for the YNGN shares rather than YNGA.
YNGN looks more attractively priced to me and qualify for
exactly the same dividends.
on sky news...in the next hour
https://www.proactiveinvestors.co.uk/companies/news/982728/young-s-co-brewery-firmly-back-in-business-982728.html
Buy back in now. You will get your money back with interest, if you are prepared to wait ayear or two.
I like the longevity of this company . With so many U.K. persons having been vaccinated and infections and deaths going down accordingly I think Boris’s dates re opening up will be confirmed .At the first stage of pub patios and gardens opening up I will be there for the company even if it is raining ! I will continue buying when I receive dividends from other companies .
I lost a tonne of money here thanks to the stupid placing. cretins
Strong buying last two days.... more to come
The number of people visiting High Streets surged on "Super Saturday", as hairdressers, pubs, bars, cafes and restaurants reopened in ...
Thousands flock back to pubs on Super Saturday as police ...
Sky News-11 hours ago
Crowds of Super Saturday revellers pack out city centres as ...
iNews-10 hours ago
Fears of widespread disorder unfounded as English pubs ...
In-Depth-The Guardian-5 hours ago
Return of the Sunday session! English drinkers flock back to ...
Live Updating-Daily Mail-1 hour ago
Brits party well into the morning on chaotic first night of pubs ...
In-Depth-Metro-7 hours ago
Directors appear to have subscribed for a modest amount in the placing?.
https://news.sky.com/story/coronavirus-cheers-210m-expected-to-be-spent-in-english-pubs-this-weekend-12017408
Britons are expected to spend £210m in pubs when they reopen in England this weekend.
Research predicts that more than a third of adults in the UK plan to visit a pub in the first week of trading after bars were closed in March due to the coronavirus outbreak.
The Centre for Economics and Business Research (CEBR) said it expects around 6.5 million pub trips across Saturday and Sunday, which is around 1.5 million more visits than a typical July weeken
The group plans to reopen all its pubs between July 13 and July 20 and said the new funds would enable it to kickstart investment in its pub estate, strengthen its balance sheet and “pursue opportunistic acquisitions”.This investment opportunity appears to be the key to Mr Dardis’s change of mind. While there is little doubt he could have kept Young’s afloat for 12 months, the restrictions inherent in relying on government-backed loans would have taken growth off the menu. Raising money from the market gives him the flexibility to invest in new and existing pubs.