Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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50p next stop!!!
I guess the Bondholders are not best pleased with the Sticking Plaster (or Stategic Review) proposed by Mr Dyson. They rightly pointed out the lack of ideas to turn-around the current decline in leased - and the need to plug the gaping holes in the revenue streams: http://www.guardian.co.uk/business/2011/mar/22/punch-demerger-bondholders-debt
Well who do they think will buy 2500 sh-t pubs as i guess they will keep the best ones still doesnt get bums on seats or money in till but i guess might play down the debt and eventually give investors a better chance of getting out iof this poxy company
The Death Knell for about 2,500 pubs then - Who in their right mind will buy in this economic climate?
Commenting on the strategic review Ian Dyson, Chief Executive, said: "Change at the top of an organisation and a strategic review can provide a distraction from day to day operations and I am proud that this has not been the case at Punch. Our Q2 trading statement clearly shows that we have continued to build operating momentum over the last six months and this provides a solid foundation for our strategic review. We believe that there is a significant value creation opportunity at Punch, with immediate upside in Managed and longer term upside in Leased. We do not believe that either opportunity can be maximised within the current Group structure and accordingly, we propose that the two businesses be separated. This will be achieved by the demerger of Spirit and the creation of two independent public companies. A demerger will provide the platform to enable both businesses to focus on the very different strategies required to deliver shareholder value and will provide choice and liquidity for investors. Spirit will be positioned to deliver market leading sales and profit growth and to expand with the aim of becoming the UK's leading managed pub operator. Punch will be positioned to drive long term value by downsizing to a core estate of around 3,000 pubs with the aim of becoming the UK's highest quality and most trusted leased operator."
The Way Forward n Separation of the Managed and Leased businesses n Achieved by the demerger of Spirit from Punch and the creation of two independent public companies n Demerger expected to be completed before the end of the summer
Strategic review update Punch Taverns plc ("Punch" or the "Group") announced in October 2010 that under its new Chief Executive, Ian Dyson, it had started a comprehensive review of the Group's strategy, operating performance and capital structure. Punch is today announcing the outcome of this review. Conclusions n Operating momentum in both the Managed and Leased businesses provides a solid foundation for the strategic review n The Group's current strategy is not sustainable with structural change required to drive value n The Managed business requires investment and development to accelerate its operational turnaround and drive growth n The Leased business needs to be repositioned to maximise the long term value within the estate by downsizing to a core of around 3,000 high quality pubs n There are limited synergies between the Managed and Leased businesses n The Group's structure and financial position are barriers to realising value
Further up the tree, struggling pubs group Punch Taverns serves up details of its long awaited strategic review. Panmure Gordon thinks it’s difficult to try and second guess the intentions of Ian Dyson, but believes “a measured approach to unlocking shareholder value would be most appropriate”. “The demerging/disposal of the Punch A and Punch B securitisations, and subsequent disposal of the 50% shareholding in Matthew Clark to leave an integrated leased and managed pub company,” is the most suitable option it told clients in a note Monday.
The Spirit division is already a seperate company - Punch Partnerships (Pubs) Limited, agreed it could be de-merged from Punch Taverns PLC though. For those brave enough to hang on this share could go ballistic tomorrow (see my recent posts)
Britain's biggest pub group, Punch Taverns, could break itself in two under a shake-up being considered by Ian Dyson, the chief executive. The company is studying a plan to spin off its better-performing Spirit division, which manages pubs directly, into a separate listed company. Existing investors would be handed shares in the new group, which would probably be given £200m of Punch's cash. The rest of the business would consist of Punch's tenanted pubs, a network of 6,800 sites run by individual landlords, the Sunday Times reports.
http://www.iii.co.uk/articles/14721/stock-watch-punch-taverns
if say punch get rid of pubs that dont make any money will this share rise or fall ....
http://www.thisismoney.co.uk/markets/article.html?in_article_id=525283&in_page_id=3 - Those short-term gains I was forecasting!!
http://www.iii.co.uk/articles/14653/punch-buoyed-sales-growth
Despite the challenging UK consumer environment, pub operator Punch Taverns (PUB) announced further progress in all areas of the business with a 8.6% growth in sales over the second quarter ended 5th March 2011. Looking ahead, the group said it remained confident of further improvements being delivered in the second half of the financial year and was on track to meet its full year expectations. Punch shares rose 4.675p to 75.675p.
ye we wish the only recovery ive seen is from my moni...
· Like-for-like sales +8.6% (+4.9% 28 weeks) · Like-for-like food sales +11.7% (+6.3% 28 weeks) · Like-for-like drink sales +7.0% (+3.9% 28 weeks) Nice :-)
Hey there Mate.. Today is the day for the start of the recovery.. ;-) Guaranteed.....!!!!
hi where is this share going is it going to recover or go to the dogs ????????
I really have got the measure of these idiots, the numbers are different but the outcome the same. This is just a delaying tactic but it should see a short-term rise in SP, who (but an idiot) would try to sell property in this economic climate? http://www.thepublican.com/story.asp?sectioncode=7&storycode=69169&c=1 Watch the principle investors start to ditch their holdings over the next few weeks....
like watching paint dry or waiting for funeral need to do some flirting or get ****ed