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What are peoples opinions on SP fall back once pubs reopen on Monday? Invested in Mitchell and Butlers, City Pub Group, Rev Bars and Marstons back in June and when pubs reopened in the July prices on each took around 50% drop in SP each in matter of just a few weeks. Anyone expecting this to happen again?
Doubt Weatherspoons would be a likely buyer, they operate at totally different ends of the market. Young's or Fullers would be a much better fit; for both groups CPC would be an ambitious but manageable acquisition to their C. 200 pub managed estates. Both the geographical location of the pubs and premium end of the pub market would make them a prize to go after- once coffers have been filled post covid.
Ticking up nicely. Hope to see north of £1.50 by Mid April.
Wonder if Weatherspoons be interested in putting in a bid, given his expansion ambitions.
Looks like the nearest to Bournemouth are in Winchester where they have 2.
Only seaside town where they have a presence is Brighton.
I don't know but I have just doubled up. You can be sure they will use all they've got. Anyone know the nearest of their pubs to Bournemouth? Wouldn't be at all surprised if they are shortly on the end of a cheeky bid.
Anyone know how many of their pubs have outdoor seating?
Was expecting a little more of an uplift today. Oh well slow and steady wins the race so they say
And summer on way. Thirsty work. Cheers.
accipiter
Yeah I been in a couple of weeks.
Decent pubs all in affluent areas and market towns. Should do well with the only option for holiday is increasingly looking towards a staycation.
Hi. I'm new on here but not to shares. Landed on CPC whilst researching. It sounds so good I made a small opening foray this morning.
Wetherspoon up 3%, City Pub Group down 2.5%. Whats going on?
I am not panicking. It seems like a volatile price stock. Probably very few traded shares. Surprised if these are below 180p in May (and very disappointed!)
Surprised to see another share price drop this morning. Seems illogical, given the success of the vaccination programme. Is this stock now a strong buy?
This is a good buy for the future, premium pub operators with a strong food offer will do well out post lockdown with the national built up thirst, staycations and delayed celebrations the summer should be one of strong trading even with some short term restrictions in addition government support with VAT and business rates will go someway in reducing the debt pile over the coming year, assuming it extended.
Additionally, this sector is set for consolidation, with several freeholds in their estate and a geography of South it makes them all the more appealing for the established groups to make an offer- target 200p.
Very quiet this board.
With most retail recovery very well I'm transferring more funds to here. Seems to be behind the curve which I want to capitalise on.
Time will tell
https://www.investorschronicle.co.uk/ideas/2021/02/25/tap-emerging-uk-growth-with-blackrock-smallers/
Arnold also purchased new holdings in City Pub Group (CPC) and JD Wetherspoons (JDW) last year, when he believed they had become very attractively priced.
Pretty much why I brought in.
This is a good start:
https://metro.co.uk/2021/02/25/takeaway-pints-can-be-served-from-april-12-as-pub-gardens-reopen-14145067/
The Sunday Times Tip was by Sabah Meddings who gave us Synairgen at 40p last June - now close to £2.
She also tipped Puretech Health towards the end of last year and seems to be one to follow.
News is focused on the future sales recovery, which I fully support. I also think this is a group that will be ripe for take over- RedCat have £500M raised and already stated their target will be quality pubs geographical target area as South of the country, fits their profile.
Will pick up a few tomorrow. Agree with sentiment below. It's due an MAB style resurgence. Good recovery play. ATB
Noted these were difficult to buy across my accounts without setting a 'limit' order; 'quote and deal' on Barclays no good for most attempts = pretty tightly held?
I've picked up ~20k of these myself in the last couple of trading days. These were highlighted in a tipsheet a few weeks ago back in November whereupon Mitchells and Butlers' share price was set alight at the same time
(MAB jumping to 200p up to the 250p range & since gone to 350p but in an RNS some expectation of a rights issue there - so perhaps caught up there on a dodgy 'ledge'). CPC however, appears to have no such 'Damaclese Sword' and is poised for a rebound when we can all get back to the pub. This overlooked little gem is now coming up in the wake of the massive rise in Mitchells and Butlers, with this (CPC) tipped to have the higher % rise to 'back to normal' days with another perhaps 70p to go on this share. (Bizarrely, MAB seems almost within 12% of its pre-covid 400p value already at 350p). I can't say that I have recently visited one of the CPC pubs but now I'm an investor, Cambridge and Oxford visits for other reasons will in due course have the added motive for curiosity in tasting their fare and hospitality. DYOR on my observed figures above.
This little company will receive an offer before long.
really well run company I think. I know a few of the pubs (:)) and the standards are really high and I believe they know how to maintain an excellent margin.
A lot of freeholds on the books, lots of cash facilities to ride out this storm, then opportunities to pick up some good new locations. A few more bad months to come of course, but I wouldn't be surprised to see close to £2 by the end of the year. I have about 40000 shares, may add more
I see they are talking about pubs reopening soon if they dont serve alcohol. Guess that's what the rise was about on Friday.
Next week should be Interesting