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Agree, IF the dividend keeps coming !
My Strong Buy is for the YNGN shares rather than YNGA.
YNGN looks more attractively priced to me and qualify for
exactly the same dividends.
on sky news...in the next hour
https://www.proactiveinvestors.co.uk/companies/news/982728/young-s-co-brewery-firmly-back-in-business-982728.html
Buy back in now. You will get your money back with interest, if you are prepared to wait ayear or two.
I like the longevity of this company . With so many U.K. persons having been vaccinated and infections and deaths going down accordingly I think Boris’s dates re opening up will be confirmed .At the first stage of pub patios and gardens opening up I will be there for the company even if it is raining ! I will continue buying when I receive dividends from other companies .
I lost a tonne of money here thanks to the stupid placing. cretins
Strong buying last two days.... more to come
The number of people visiting High Streets surged on "Super Saturday", as hairdressers, pubs, bars, cafes and restaurants reopened in ...
Thousands flock back to pubs on Super Saturday as police ...
Sky News-11 hours ago
Crowds of Super Saturday revellers pack out city centres as ...
iNews-10 hours ago
Fears of widespread disorder unfounded as English pubs ...
In-Depth-The Guardian-5 hours ago
Return of the Sunday session! English drinkers flock back to ...
Live Updating-Daily Mail-1 hour ago
Brits party well into the morning on chaotic first night of pubs ...
In-Depth-Metro-7 hours ago
Directors appear to have subscribed for a modest amount in the placing?.
https://news.sky.com/story/coronavirus-cheers-210m-expected-to-be-spent-in-english-pubs-this-weekend-12017408
Britons are expected to spend £210m in pubs when they reopen in England this weekend.
Research predicts that more than a third of adults in the UK plan to visit a pub in the first week of trading after bars were closed in March due to the coronavirus outbreak.
The Centre for Economics and Business Research (CEBR) said it expects around 6.5 million pub trips across Saturday and Sunday, which is around 1.5 million more visits than a typical July weeken
The group plans to reopen all its pubs between July 13 and July 20 and said the new funds would enable it to kickstart investment in its pub estate, strengthen its balance sheet and “pursue opportunistic acquisitions”.This investment opportunity appears to be the key to Mr Dardis’s change of mind. While there is little doubt he could have kept Young’s afloat for 12 months, the restrictions inherent in relying on government-backed loans would have taken growth off the menu. Raising money from the market gives him the flexibility to invest in new and existing pubs.
Dow rallies 300 points, rebounding from selloff
Jessica Menton USA TODAY
Published 4:34 PM EDT Jun 25, 2020
U.S. stocks staged a comeback in the final hour of trading Thursday, propelled by bank shares as investors weighed the prospects for an economic turnaround following a sharp sell-off a day earlier.
As part of the Subscription referred to in the Company's "Results of Placing" announcement issued earlier today, the following of the Company's directors and/or persons closely associated with them subscribed for the following new A ordinary shares of 12.5p each in the capital of the Company (each an "A Share") and the following new non-voting ordinary shares of 12.5p each in the capital of the Company (each an "NV Share"). The subscription price for each A Share was 1,160p and for each NV Share was 735p.
in a few weeks this will all be up once covid dies away and everyone is going out again
Why Big Brother is the big winner from the coronavirus crisis: From an app to order your pint to the death of cash, the pandemic has given a shot in the arm to the surveillance state, warns ROSS CLARK https://www.dailymail.co.uk/debate/article-8457635/Pandemic-given-shot-arm-surveillance-state-warns-ROSS-CLARK.html
Young's announces the successful completion of an equity issue raising gross proceeds of £88.4 million.
This included a placing of new A ordinary shares in the capital of the Company ("A Placing Shares") and new non-voting ordinary shares in the capital of the Company ("NV Placing Shares") announced yesterday (the "Placing").
The Placing raised gross proceeds of approximately £85.5 million. A total of 4,263,453 A Placing Shares and 4,900,000 NV Placing Shares (together, the "Placing Shares") have been placed by J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") and Panmure Gordon (UK) Limited ("Panmure Gordon" and, together with J.P. Morgan Cazenove, the "Joint Bookrunners") at a price of 1,160 pence per A Placing Share (the "A Placing Price") and 735 pence per NV Placing Share (the "NV Placing Price").
The concurrent offer made by the Company for retail investors to subscribe for new A ordinary shares in the capital of the Company (the "Retail Shares") via the PrimaryBid platform (the "Retail Offer") raised further gross proceeds of approximately £2.7 million.
In addition, in conjunction with the Placing, certain directors of the Company and/or persons closely associated with them have agreed to subscribe for an aggregate of 13,393 new A ordinary shares in the capital of the Company and 10,755 new non-voting ordinary shares in the capital of the Company (the "Subscription Shares"), at the A Placing Price and the NV Placing Price, respectively, pursuant to subscription letters entered into with the Company (the "Subscription").
gonna make a decent return here.
ive taken some in the placing
anyone going to do this, im thinking about it?
Well whatever it is, two hefty buys this morning show huge confidence.
Can one of the LT holders explain this share to me. I'm clearly missing something. And I'm not trying to be provocative for the sake of it. Nick Train who I greatly admire holds this. But a steadily falling sub-10% ROCE, which this year hit less than 6%. A yield of barely over 1%. Operating Profit that has gone nowhere in 2 years (up c. £2m), whilst net debt has increased by £50m over the same period. And trading on an EV/EBITDA multiple not much less than something like AG Barr that has ROCE in the mid-teens. And you have no hedge against falling GBP / Brexit / Corbyn, etc. Although I appreciate that you are also aligned on costs so no FX risk. But still the share is up some 500p from its lows. Why on earth? What is the magic here? Why would you hold this forever vs. a Diageo which gives global exposure and has far superior ROCE. Again. This is not meant to insult. I really don't get the attraction and the related rating
Very good solid results this morning . A share to buy and just hold onto forever.
A £60,000 investment on the 2nd. shows someone has confidence and expectations
The price has dropped a bit since. Mr. Dardis is taking the company into a different direction but is it the right one. He has put a lot of company money into high end venues but...
I seem to be the only one posting here . However I can’t believe after my yesterday’s post saying this share was undervalued resulted in today’s 5% uplift today ( only joking but I enjoyed the change in sentiment )