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lol
wish i never saw this!
BOD just do not care. They need to look after their pub landlords, reduce their rent the price they pay Pub for their beer etc. Share price set to go lower me thinks. DYOR
Punch says restructuring has ‘momentum’ Punch Taverns says half of all equity and bondholders support its fifth and latest plan to restructure and pay off some debt
http://www.twst.com/update/69170-punch-taverns-plc-restructuring-update
Just checked how did i call this so wrong, just realized i was accidentally looking at monthly & weekly charts & NOT the daily + 4hr chart. Learn the hard way......anyway this looks terrible for near future.
Back in again now for another 5% rise.
They're finished - statutory code (or part of) in Queens speech tomorrow. Every rent review will now swing in favour of the tenant/leaseholder.
Anyone else take the pluge at bottom of channel?
If you're brave enough, now is the time to take a chance with a small amount in a cfd trade. Ive only put in 2k & gone LONG at £20 per point.
Afternoon mate, if you want a good bet check out BKIR, great prospects are predicted for the Irish economy this year and beyond.
Afternoon 458. JDW is a much better bet. atb
What a sucker punch, pun intended.
ok thanks zabrana,,(aploigies to pub bb this is a question I asked on qpp bb but with 3000 plus posts as I no where a day going on there I didn't fancy trawling through the posts so asked for reply on here as I know were very quet here) ... come on pub get your butt back over 14p!!! x
I disagree. People actually have more disposable income now than ever before. With interest rates so low, mortgage payments have come down considerably. Hence why car sales are up and also holiday bookings and flights. There are less repossessions too as people can more easily afford to meet mortgage payments each month. The pubs around me you struggle to get into at the weekends for food. I think the world cup will draw in alot of people for drink and food. Lets face it many find the money to go and see England abroad, so I am sure they can get to the pubs to watch the games. However I do agree the business model is broken and hopefully they will get agreement between stakeholders to move things forward.
Sorry to pour cold water on your theory but world cup or not 1 the pub model this company operate is broken 2 people have less desposable income so yes they may be out watching England on a Tue night but they wont be out on the Wed night 3 there mortgage payments on these pubs outways the rents they can charge us tenants so that's why its taking so long to sort this mess out no lender wants to take a haircut on there loan so the threat of ADMIN still looms large
World cup around the corner. People will be in the pubs drinking and eating. Watch this one for a good rise over coming weeks and months.
Really hope this happens and your are able to buy your pub for a song, these Pubco's take all the profits and leave its landlords with virtually nothing, just a 80 hour week, and all the worry of paying the rent, rates and running the business.
The PUBCOs are rapidly killing off those pubs which are tragically connected to these Robber Barons. I can guess a reason why the new couple who came in seem to be making a success of what looked like a failing pub - that is that the terms offered to the new couple will have been attractive enough to sway them to put up a fat deposit. Give it a year or so and then these ruthless companlies will no doubt make life hell for them and any profit that this couple made will disappear - and so the cycle continues. The sooner these PUBCOs fail the better!
PUNCH TAVERNS PLC ("Punch" or "the Group") 5 March 2014 Restructuring Update: Statement from Punch Taverns Finance plc and Punch Taverns Finance B Limited Further to the announcement by Punch on 28th February 2014, Punch's subsidiaries, Punch Taverns Finance plc and Punch Taverns Finance B Limited have today issued the following announcement: 'Bondholders will by now have seen the update from Punch Taverns plc issued on 28th February (the "Announcement"), and which was referred to in the announcement made by the Issuers on 28 February. Punch Taverns Finance plc and Punch Taverns Finance B Limited (together, the "Issuers") wish to highlight that, as set out in the Announcement, the absence of a consensual restructuring in the near-term will result in a default in both the Punch A and Punch B securitisations. Furthermore, the Issuers wish to emphasize that a default would be expected to culminate in the appointment of an Administrative Receiver at the borrower level in the relevant securitisation. The Issuers believe that this would result in a materially worse outcome for all stakeholders (including bondholders) than would be achieved by the agreement of a consensual restructuring. Against this backdrop, the Issuers are aiming to agree the terms of a consensual restructuring with their key stakeholders over the next few weeks in order to be able to document and formally launch a revised proposal ahead of the next financial covenant reporting date of 15 April 2014. Negotiation of the restructuring with key stakeholders and their advisers will be facilitated by Punch's advisors. The Issuers urge bondholder groups and other stakeholders to engage actively with Punch's advisors and each other in order to reach a consensual deal in the timeline set out above.' Enquiries:
I have been out of Punch since 2009. Sold out at £1.21 and have not been following this share much since. At the current SP I am tempted to get back in although the restructuring looks a big concern. Not sure who the Godfather is on this thread but all sensible words of wisdom would be appreciated. Thanks in advance.
wouldn't dare take our deposits as they then wouldn't have any tenants paying there extremely HIGH RENTS so they might threaten that but wouldn't be a good idea would it This is a GAME that must come to an end soon been here 20 years its been like a slow car crash
if it goes into administration those pubs (princesscruises being one) would lose there deposits minimum 6k upto 15k and even more in some cases as its not ring fenced and would be seen as assets of the company. so its in the best interests of pubs for it not to fail and the numpty bond holders of a and b bonds to strike a deal, if anything whats killed the pubs is the smoking ban and cheap booze from the supermarkets(the main culprit) Also who owns the pub and drives it is critical our local(in a village with a club up the road) was on its knees taking just £900 a week a miserable couple ran it. then new couple came in with drive and motivation doing food came in 3 years ago pub takes 5k plus aweek now.
So what do we reckon for the coming months before this whole debt restructure is sorted out. I imagine it wont have the greatest on effect on this share with the uncertainty but do we reckon much of a fall or much of a rise in the coming months?