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....next week willhave to be truly awful to justify this SP!!
Didn't Clive Watson buy a load of shares at 130p during the pandemic? He must be seething now. No doubt he doesn't need the money though.
Yes/No/Highly doubtful
they will then hit 60p within 6 months
Probably a bottom of sorts being put in here with gov support for business and consumers. Gas prices are falling, oil is down, inflation will steady later this year imo
Cheers. Might just have to buy in given that the financial performance this year will have been excellent. I'm sure there will be a 25% bounce once the results are released.
Notice of Interim Results
City Pub Group PLC, the owner and operator of 42 premium pubs across Southern England and Wales, will be announcing interim results for the 6-month period to 30(th) June 2022 on Wednesday, 21 September 2022.
'Depends if she freezes at 2021 prices before new CAP comes into affect.'
Why would she do that? lol. No chance
She's basically saying 'I'm improve public services AND reduce taxes'
This isn't how nation management works. Its either/or.
She's papering over cracks already.
Depends if she freezes at 2021 prices before new CAP comes into affect.
Exactly. Surely these bill rises will wipe out profit margin? Truss's plan wont scratch the surface
Imagine saying we freeze your bills at an astronomical level and you will be happy
Doesn't that mean cpg will be paying high prices regardless?
Telegraph: “Energy bills to be frozen until the next election”
Heads or tails. Top up now or wait to see if the resumption of dividends is delayed, then top up.
“ The Board therefore plans to reintroduce dividends on a progressive basis with the current intention being that this will accompany the interim results in September.”
For starters if Truss goes through with knocking the 1.25% national insurance increase on the head then that will make a big difference to peoples income , especially after most professional workers have seen a 4% plus wage rise because of the CPI data , i dare say City Pub Group offers those professionals with somewhere to go and eat and drink , and therefor sales remain unaffected. You would also like to think 18-25 year olds who live at home with parents would also be part of this customer base , therefor not being too affected by the energy price increase so therefor continue to spend on evenings out. The only main danger to city pub group is the cost of overheads through the winter , this will dramatically wipe out any profit margin.
Highly doubt that it will fall to 20p. It's already undervalued on a price to book ratio, given the value of its assets. I suspect it will drift lower, but my view is that this is an attractive buy right now for investors with a five-year view. Buy when there's blood on the streets and all that. We're still going to be drinking, eating and socialising in this brave new world. Profit margins may slip in the short-term, but their focus on more affluent locations will mitigate this compared with operators like JDW. This challenging period will also throw up lots of opportunities to expand the estate by acquiring and investing in distressed pubs. CPC is also a likely takeover target (as with Capital Pubs that Mr Watson established and then sold to Greene King).
YES!! But only at 20p, that is where these are heading. Even Spoons will a SP crash, as people cut back.
Any brave holders or investors out there? Share prices has been in continuous slide for a year and a half. Now approaching the level during the depths of Covid. Can't work out which time was worse for the business - when all of the pubs were closed (but no expenses and government relief) or the current time with the spectre of prolonged inflation and cash-strapped customers? I've been trying to look past this. Surely, we must be nearing peak inflation and poor sentiment - in which case pub groups look good value (especially ones with growth prospects and a strong balance sheet like CPC). Is there anyone else holding or brave enough to top up?
Last year was 23rd Sept
Why is there still no date for the interim results ?
Yep time to keep your powder dry. Investors clearly moving their cash to banks for guaranteed interest rate return on their cash !
This will decimate the SP
That's great thanks. Looking to get onboard again , possibly around the 65p mark. Its quite a bargain given their overall financial position. I'm sure there will be plenty of opportunity to buy up cheap independent pubs who are forced out the market. Imo the quicker the better for this dropping SP
“Intention to recommence dividends in September with the Interim Results “
Interims last year were 23rd September