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Hi Ismailia
Sorry but for some reason my computer will not allow me to spell your name correctly,it will insist on putting the I in .So so be it!
To other matters, I too was in here at the mining company stage and through the near acquisition of an Indian optical business only to be flawed by tax issues. At the consolidation of the mining business, from memory 33/1 , I for one lost around 50% in the consolidation. There were many who said there would be no dilution but I have never seen one yet where there isn’t! What are your experiences?
Also we must acknowledge that GC and his fellow investors are no fools and paid 9p when they bought into this former shell which we had had suspended for ages and with options to get involved with an Indian company which never happened. Clearly these investors are not here for a couple of pubs but rather the long term prospect of building a diverse hospitality business.
Hi. Ismailia,.
Yes you may well be right with a cash call, in any event purchasing leases rather than freeholds is certainly the way forward cost wise .The team in place here is very impressive and as I have said G C is in his element. His three other earlier companies ie wine , storage and. animals, all grew within a five year time span returning really good profits including myself.
All eyes will be on the results now a I anticipate an impressive 18 months results.
I don't worry too much about NEX as I feel GC will look to move it forward so as to get more liquidity and exposure. Now consolidation of the initial investments have been completed I think the next move will be to raise cash, move to AIM and issue shares for further growth. A lot has been achieved in the first year from quite humble beginnings so with cash, shares and a listing on AIM I think GC will be driving us forward. Not too sure how many follow the company at the moment but I am sure the numbers will improve. MC of £2.5m? Lets see what October brings.
Hi. Ismailia.
Yes, year end is end of October.
We are currently consolidating the acquisitions for several months now, which if this hadn’t been the case would certainly have been a real issue. For what it’s worth I have been buying over the months . I like so much about this company which I have listed on this board over the last year. However, I have a few caveats here namely the Nex market which is very restrictive and also the Brexit factor weighing in on all the markets.
For me I’m an investor here ,for I know if the results are impressive, the herd will descend on this in droves.
Figures should be out in a couple of weeks or so and I wonder what we can expect going forward as I am sure GC wants to push the business ahead. No further pub deals and I wonder how the car business is doing. Seems to have been a few sales today which I feel is unwarranted as there is plenty of scope here IMO. MC should be nearer £10m in my view - sounds rich but if you consider the potential revenue we should be topping up. Any thoughts Fortitude?
Hi Ismailia.
Yes , a lot to like here. A similar business model is the Ivy Group currently growing at 8 acquisitions a year.
The recent acquisition I like most is Centurian Motors. I just have a good feeling this could be the Stella part of the business. Time alone will tell.........
Yes Fortitude I think we can look to a strong set of year end figures following the consolidation of all of their outlets. Also the first half absorbed the costs of acquisition and related costs. According to the websites the accommodation bookings are good and with the recent good weather and more staying at home there could be a very positive trading update. I think GC will want to move this to AIM quickly and perhaps raise cash to drive the company forward. He and his fellow investors paid 9p initially and I am sure they will be keen to see the sp back to that level quickly. The current £2.4m MC looks a bit low imo.
Not heard this concerning any board member but would certainly have to be announced with an RNS if this were the case. As stated they are a strong growth company. The pause here is to consolidate the three new acquisitions...........
Some rumours in the Cotswolds about more pubs, very good news but also some some incredibly worrying rumours about the ops director leaving as well. Does Anyone more clued up than myself know anymore?
Out for period ending December. They show strong acquisition growth and now company will consolidate for a few months with a strong boost from the inorganic. With the help of a mortgage ,issue of shares and organic profits the company has made just a small loss, we can be sure that the growth pattern will resume its relentless pace. As stated before, GC is the master of this sort of growth company. One thing for sure, the next set of accounts will look very different......
As someone who admittedly knows nothing about how this all really works, I've noticed there seems to have been a lot of selling of the shares? Do others know something I don't? I convinced my friends to buy a lot of shares in this and get worried when I see a lot of red and not blue! There were rumours the ops guy was leaving and as he was the reason I was so confident in this, so I checked it out and it seems to be incorrect. Or do the sellers know more than us?
Update in the next couple of weeks and I expect this to be upbeat. Also could well find out more about the strategy going forward as this seems to be a fast moving vehicle building for shareholders not just BOD lunches.
Hi. Stockable....
If you look back five posts before this, you will see I did put up my take on why Centurian makes such a good fit. My guess here and it’s only that, that we have a very fast moving and accretive business. Further down line it might well get floated off. But hey ,this is getting ahead of myself............
Just curious, but I thought that the company was aiming to buy or build a portfolio of premium hospitality properties across the UK. How does the acquisition of a car dealership fit in with this broad strategy? On the surface, at least, there appear to be few synergies.
From the pub's facebook page
After just over three years of ownership I hope you agree with Sue and I that The Queens Arms is quite a different place to the one we took over. Subsequently it means that it has become a full-time commitment for us both. As we have plenty of other projects, we felt that it would be in the best interest of the pub if we could off load some of the work.
Today, we are delighted to announce that we have gone into joint partnership with the Barkby Group (www.barkbygroup.com) who specialise in the day to day running of pubs. Just to clarify we are still the owners of the pub and that we have not leased it. It is a pure partnership with a like minded group who, like us, want to continue to manage and improve The Queen’s Arms to ensure that the local pub remains a pub for future generations.
Other than hopefully seeing positive changes nothing else will change and Sue and I will continue to be fully involved.
I am also delighted to say that James, Beni and the rest of the team are as excited as us about the future and hope you will be too.
Announcement of the Queens Arms. East Garston. This is really rapid..........
Another jewel in the Crown..........
Don’t know why LSE. Has no RNS. Facility !
Very low mc and worth noting that the large investors bought in at 9p and no doubt knew where they wanted to take the business. GC is no fool, will have connections and will be putting together a growth business. Vastly undervalued imo and it will be interesting when we get the trading update by the end of March.
Thank you Fortitude. It is Nice to hear such positivity. Do you suppose they will somehow try and combine the business so they feed off each other or are they going to run as totally seperate entities?. Myself and 2 friends have bought shares because we know the guy who runs the pubs and wherever he goes seems to become exceptionally popular very quickly, but know nothing of cars or car dealerships. Looks like a very good business on its own so hopefully whatever these guys have planned will quickly get the share price up. Exciting, if slightly confusing, times. Good luck everyone.
Welcome to Barkby, you have made a very good choice in investing here. On the surface,a pub chain and a car car business don’t seem to have much in common. Look a little closer and you will see they share the same format. Namely, they are both hospitality, upmarket companies. Further, they are both rapid growing, highly profitable and cash generative. As I have said before, Giles Clarke is a master at this sort of company. As a guide, 5years to reach a large operation is easily obtainable. The accounts for period ending march 2018 show Centurian at some 130 k GP,already a year out of date. I would expect to see profits around 250 k for period ending march 2019. To answer your question directly, the tactic here is rapid growth,high profit with low cost acquisitions...........
Glad I found this so I can hopefully get some advice. Can someone explain where the car business fits into a hospitality group? I have bought some shares as I am very familiar with the Cotswolds pubs they have and was wondering what the tactic is here? Not an experienced buyer of shares. Thanks.
Yes, totally concur with you. What will ignite this company is the rapid acquisition of companies, coupled with an impressive set of accounts. The herd are never far away and with so few shares, Barkby are a certain buy . DYOR........
Recent acquisition looks good and earnings enhancing immediately. Current management subscribed for shares at 9p when relisted making the current sp of 5p look out of step.
Accounting period extended but we will get interim figures to December before the end of March. Could be good but should get positive update on business development. Still a buy sub 10p but we need to get the Nomad to prepare an investment note.
Firstly, nice to see a few posts here and welcome stackable. I really feel I am hogging the limelight and let others have their say. For I have been in the GC camp since majestic wine days where I made a very handsome return. I have to say I am in every GC company since and could, if so chose I could have made very handsome returns on them all bar Barkby. I am a seasoned investor in GC and have to say that I have rarely seen a company like Barkby and been able to give it so many ticks. As far as shareholder dividends are concerned all GC companies are early stage and are usually sold on in the 5 to 10 year window. This may not apply to his mining companies ie no track record here..the two major points here are 1. Only 37 m shares. 2. Highly scaleable, low cost acquisitions.. many more will follow in quick succession.......DYOR.