Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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I.m in: PUB: Now at 12.75p having fallen un gracefully from 15.50p all the way to just under 9.50p looks to be close to a big upward move. A break out from here for PUB should take it to test recent high of 15.50p and for the more cautious of us wait for 14p to be broken through and held to close the day for entry. It is setting up a potential bull flag with MACD setting up my bullish pattern which comes before a big move up. Infact with the world cup this summer PUB,JDW,MARS,SPRT and the like will make very good investments IMO. Also DOM do very well in Euro/world cup years. Mr Bluesky
nice near on 50% rise for the year wouldn't mind that again.x
rns looks good all eyes to the vote on 15th of jan 2014. nice rise today and nice to see some blue and lots of shares changing hands,,,
Interesting share this, it has the potential to go completely bust or if they can turn this around go the same way Thomas cook shares did a while ago and increase ten fold. The negotiations with the bond holders have stalled and punch are selling pubs left right and centre. I spoke to 2 area managers in London and each have recently had 25% of their pubs they look after sold to property developers within 2 months, a lot of them at well over the book price, some of them over double the book price. Commercial property prices are still very depressed but residential prices are storming ahead. Property development firms are snapping them up at the moment off the pubcos especially in London where luxury flats can be developed. Its big pubs like the gunners as well that have been sold not small piddling things with small values. I can see punch surviving at a much smaller number of pubs but being more profitable. Overheads will be coming down as online ordering is pretty much compulsory, so less support staff, area managers are expecting 1 in 4 of them to be made redundant and all proceeds of these sales will be used to reduce debt. I'm not holding stock in this at the moment but am thinking it could be the risk. I can see the debt being reduced significantly just by the sales of a large number of pubs very quickly at very good prices. The average book price of a punch pub is just £640,000 yet The kensington park pub by Ladbroke grove they just sold for 3 million. Another pub I know by Marylebone sold for 1.5 million, neither really busy just in prime property locations. Punch have plenty of pubs like that, we will see.
Any thoughts on the latest RNS? Does'nt look good to me, though I may be reading too much into it. Big drop in SP
I'm with you on that - got a member of the family who tries hard to make a living which is just impossible when you have PT as a landlord.
Hope the code does get passed and the bond holders hold firm then their may be an end to this game were all playing too high rents not enough customers at the end game stage I feel
I wish I was down the pub! Fed up with waiting to see whats going to happen to this lot. I still think if the statutory code goes through parliament and the bond holders do not agree to a debt restructure they are stuffed (just like the leaseholders & tenants!).
everybody must be down the pub because nobody comments on here anymore
anybody have any thoughts on this deal or no deal ive not seen an area manager now for 5 months no contact from head office but my rent keeps being taken every week so someone must be working at head office !!!
could punchs poker game with debt and the market turn out to be a winning hand... plenty said to get out at around 10p(friends not people on the bb ) but only just over 1k invested here so no point really just hanging on for a slow recovery but who knows it could be a busted flush yet, fingers crossed mind nevertheless! 40p would be nice and spirt to hit £2 even nicer but that's a bit?long way down the track?
Deal to be announced soon !!!! Watch this make a big recovery. Everybody loves pubs and eating out.
Up 7%. Great RNS showing PUB is turning around and indictating debt restructuring deal is close too. These will recover big time once the deal is done.
Like thos cook it will either go or perhaps not. Worth a few quid just in case. Need a pint now just t check the quality of the product!
Trust you lol
grub is nice with a beer
Up 8%. Must get news soon on debt restructuring. Already overdue
anybody have an opinion on the future of this company
RNS looks very promising. Making progress hopefully indicates they are close to a deal with the stakeholders. We know the larger ones were already on board so it was just a case of convincing the smaller ones. Hopefully a deal will be done in the next two weeks.
2 July 2013 Punch Taverns plc ("Punch") Capital Structure Update Following the announcement of revised restructuring proposals for the Punch A and Punch B securitisations on 10 June 2013, Punch has continued the process of engagement with stakeholders. These discussions are making progress and Punch will provide an update on the implementation of a restructuring in due course.
Looking good here. Has held up very well inlight of market turmoil. I think people holding for the deal to be announced shortly.
Keeps moving up here on hopes a deal will be announced anytime. If they secure a new deal it will jump up big time, if they don't well you know the rest.
Seems markets think a deal will be struck even inlight of the RNS the other day. Looks liek they need to convince the final stakeholders that maybe their representative committee aren't playing ball with PUB or perhaps working in their best interests. Seems they are more atuned to ensuring they charge some ridiculous fees regardless of the outcome.