The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Interim Results out today hope to get a bounce from the new now
Wetherspoons up 50% year to date barkby same time frame down 40% seems Tim Martin knows how to run a business
A new low 5.10 well done barkby
We due a trading update the Cotswolds is the hot place to be, Heythrop Park just opened after hotel's £40m renovation, James Martin just opening a new pub, the willow in Burton on the water just opening creating 50 jobs, the Cotswolds is booming next trading update better be a good one to get the share price moving up and sorting out your £12m debt
SP another all time low 5.50 Dog of a share
Chancellor Jeremy Hunt announced a tax cut on draft beer and cider in his Budget speech on Tuesday, a move he deemed would be impossible were the UK still in the European Union.
Markets though reckoned it was not enough to offset the headwinds facing the sector and marked shares of all the man pub owners down sharply.
"From August 1 the duty on draught products in pubs will be up to 11p lower than the duty in supermarkets,” he said, “a differential we will maintain as part of a new Brexit pubs guarantee”, Hunt told MPs.
This will be done through a “significant increase in the generosity of draught relief,” dampening the blow when the freeze on alcohol duty ends in August, having been implemented in December.
"British ale is warm but the duty on a pint is frozen," he quipped, though investors weren't smiling with All Bar One owner Mitchells and Butlers sliding 6%, Marston's by 3% and Wetherspoon's by 4%.
AJ Bell analyst Danni Hewson commented: “There will be a few pints pulled in celebration today after the news,” with the hospitality sector having “shouted the loudest” in the run-up to the budget.
“The disparity has long been a source of contention and at a time many pubs are fighting to keep their doors open every penny is likely to count,” she added.
Barkby hits a all time low 5.80 very poor performance Charles come on keep the share holders informed to what's going on
Pub and hotel operator Marston’s has reported bumper sales over the Christmas period as Brits treated a pint as an “affordable treat”.
The historic London-listed firm, founded in 1834, said like-for-like sales were up 12.9 per cent on Omicron-affected 2022, for the 16 weeks to 21 January.
2023 Annual General Meeting will be held at the Company's registered office at 115b Innovation Drive, Milton, Abingdon, OX14 4RZ on 22 February 2023 at 10.00 a.m.
I see that Barkby is refinancing its existing £5.0m debt facility to a £12m debt facility with Tarncourt, aka the Dickson family pot! Clearly there was no take up from the touting around at the end of 2022. A serious shake up required with the ongoing dismal performance!
Revenue jumped to GBP10.3 million from GBP2.8 million, and this includes an 82% surge in revenue in Barkby's pub company to GBP6.0 million from GBP3.3 million a year before
Mitchells & Butlers reported sales are back above pre-Covid level as it swung back into profit but warned conditions in the pub sector remain “highly challenging”.
Revenues were £2.1bn in the year to 24 September 2002, which the Harvester, All Bar One and Toby Carvery owner said equated to a 1.1% improvement over the 2019 pre-Covid period.
Sales in the current year had gone even better, it added, with the first 10 weeks seeing a 9.2% rise over two years ago ex-VAT adjustments, though chief executive Phil Urban cautioned that the trading environment remains tough with energy, food and wages inflation all putting pressure on margins.
Operating profits for the year just ended rose to £124mln (£81mln) with pre-tax profits of £8mln compared to a £42mln loss
Up 5% good finished the today, The company expects to release its results for the financial year that ended July 2 in December
The group is getting rid of Centurian Automotive 1st January 2023 I always thought used car sales was a dodgy investment
Eliot Arms added to the collection another great pub in a great location, next set of results is going to be good
The Barkby group pubs have, unfortunately, gained a reputation of ruining the legacies of some great pubs. I’ll say it again, I live bang in the middle of the majority of the pubs and the likes of the Alls, the Bull, the Ebrington etc were all elite Cotswolds pubs. Now they are known for their downfall in quality. Even the latest pub in Cerny which has had an incredible makeover is already being discussed locally as a shambles. As someone whom had never invested to any real extent before I have learned some lessons from this. I will no longer visit the sites I have shares in the company that owns them. Sad. I hope they turn things around.
Pub operator Young’s has said its Square Mile sites are bustling with office workers and tourists once more, as it declares central London back in business.
Sales in the City – which has seen hospitality venues hammered hard by home-working trends and Covid lockdowns in recent years – were up 11.1 per cent on last year, Young’s revealed.
In half-year results, the London-listed business posted ajusted earnings of £45m, up five per cent compared to the same six month period in 2021. Sales had shot up by just under a quarter to £186.5m, sitting above pre-pandemic levels
JD Wetherspoon posted buoyant sales for the first quarter, although it said demand had softened slightly in October.
Like-for-like sales were 9.6 per cent higher than the same period last year, with the pub chain benefiting from a return to pre-pandemic habits as widespread fears over Covid have alleviated.
The chain, which is known for its cheap drinks and meals, will be hoping to entice punters who are keen to trade downwards amid the economic crunch.
Whitbread is back in the black after posting a £307.4m profit before tax, in better than expected first half results.
The firm said it had not seen its pub business return to pre-pandemic levels just yet. Last year, it posted 19.3m loss.
Total revenues shot up 25 per cent compared to the first half of 2020, before the pandemic, with sales reaching £1.35bn.
Marston’s PLC's (AIM:MARS) results show the energy price cap should be good news for the hospitality sector, but it isn’t out of the woods just yet and more drastic measures might be needed to support the balance sheets.
The pub operator remained comfortable in its energy guidance, with the price cap providing a degree of certainty, for at least the next six months.
With the World Cup coinciding with the first unrestricted winter period for two years, there is reason to be optimistic for the sector, said commentators, despite the obvious macro-challenges.
While the price cap goes some way in assisting the balance sheets, Marston’s competitors, such as JD Wetherspoon and Brewdog, have taken matters into their own hands, closing locations that are neither profitable nor fit into the group’s strategy, a move others may follow
https://www.proactiveinvestors.co.uk/companies/news/995021/are-marston-s-results-a-ray-of-light-for-pubs-995021.html?rel=scroll
All pub shares are up today as UK's Truss plans £40 billion energy package for businesses hope this hold's
(Alliance News) - Barkby Group PLC on Monday outlined a new direction as the firm looks to hold on to its investments for longer, while also guiding for annual revenue to grow.
It said it will dispose certain non-core divisions and investments. This will see it sell all of its businesses and investments, with the exception of Barkby Pub Co.
Barkby will then invest in its real estate strategy and reduce its debt.
"The directors believe there is an opportunity to hold completed developments rather than sell to a financial investor and to acquire further developed sites," it said.
"It is anticipated that these sites will be primarily modern roadside developments with strong ESG credentials that are able to meet the increasing demand from retail outlets for drive through or out of town locations. The group is currently exploring a number of routes to maximise the opportunity from pursuing this pure-play real estate strategy and considering funding options, including both equity and debt."
The Abingdon, England-headquartered company with businesses in real estate, consumer & hospitality and life sciences expects its revenue to rise by 29% in year ended July 2 to about GBP19.4 million from GBP15.1 million year prior.
Earnings before interest, taxes, depreciation, and amortization are guided to be GBP1.6 million, reversing from GBP2.5 million loss year before. It still expects to report net loss of GBP800,000, improved from the GBP4.4 million loss a year before.
"Following the exceptionally challenging trading conditions brought about by the Covid-19 pandemic, the return to more normalised trading conditions has seen all of the group's divisions return to a positive trajectory and the board is now in the process of an evaluation of the group's ongoing strategy," Barkby added.
Core businesses in financial 2022 are guided to report revenue of GBP10.4 million, surging from GBP2.8 million year before.
Shares in Barkby closed at 12.00 pence each in London on Monday.
Group revenues are expected to increase by c.29% to £19.4m, with EBITDA returning to a positive contribution of £1.6m for the year. As set out in further detail below, the Board has resolved to dispose of certain of the Group's non-core divisions and investments, and these will be deemed as discontinued operations in the Group's financial statements. It is expected that the continuing core business will report revenue of £10.4m and EBITDA of £2.5m for FY2022*.
Commenting, Charles Dickson, Executive Chairman, said:
"I am delighted to report that Barkby has enjoyed a record year in terms of revenue and EBITDA, with the Group benefitting from the easing of COVID restrictions and a resulting swing back to EBITDA profitability.
Barkby Group Insider Douglas Benzie purchased 833,334 shares of the company’s stock in a transaction on Monday, June 20th. The stock was purchased at an average price of GBX 11 ($0.13) per share
BARKBY slid after buying a 16th century village pub in the Oxfordshire countryside.
It said the location of The Coach and Horses is ‘highly complementary’ to its other pubs and will offer a ‘high-class’ drinking, dining and sleeping experience.
The AIM-listed company is planning a major refurbishment ahead of its reopening this summer. Barkby now has 69 rooms across eight sites.
But investors were unenthusiastic - with shares falling 3.2pc, or 0.5p, to 15p.
https://www.mailplus.co.uk/edition/money/city-finance/168331/stock-watch