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And on a stonking great discount to YNGA.
YNGN currently available on approx 10 X FY current consensus.
Dividend entitlement and earnings exactly the same as
on the voting shares.
I've not been looking too closely at this one... but I noticed today the spread was rather tighter today than it was when discussing in May/June.
I have not noted any other Aim share with such a wide gap between buy and sell. Maybe i am foolish ,but it has "put me off" buying further shares
> Is it just the low volume of trades in this stock?
I think so... but also think there must be some cause-and-effect feedback loop. The wide (large bid-offer spread) prices make it less attractive to trade, making it less traded, making it less liquid, so best bid/offer is less good.
Thanks Snooz, very kind of you. That principle must apply to every share but the differences created with other stocks are miniscule compared to YNGN. I guess I didn't word my question right, it's why does YNGN have such vast differences when others don't? Is it just the low volume of trades in this stock?
>Could someone familiar with this stock explain why it supports such a wide spread given the value of the shares but in reality you see sales going through at higher than bid and buys at lower than ask?
The bid and ask you see on-screen are the best bid and best ask on the London Stock Exchange.
When a retail customer wants to trade, the broker gets prices from Retail Service Providers which can improve on the LSE prices.
Could someone familiar with this stock explain why it supports such a wide spread given the value of the shares but in reality you see sales going through at higher than bid and buys at lower than ask?
Not YNGA though.
sp still at rock bottom would have expected some sign of recovery by now ?
almost 3 years and no messages ! Non voting shareholder = not interested shareholder ?
This is very very quiet board . I like this company , strong growth , increasing profits and solid . A perfect long term AIM hold.
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Taken a while but finally pushing new heights :) 760 passed today, waiting for company news on YNGA
More like it! Support at 660 noted, let's see how far she goes
First buy here was a little premature but YNGA (the voting rights) continues to make gains at 1015 today meanwhile we trickle lower to 685! Very tempting to double up before this picks up in the lead up to final results in May. General Election not expected to hamper operations either even if a Labour govt are elected, although perhaps the general market sentiment will ease in the short term. As earnings from previous years have shown this will continue to grow and offer serious upside to anyone willing to research and read between the lines :)
Forecasts over the past two years are being exceeded. Non voting rights YNGN looking heavily discounted to YNGA in my view. Almost 28% discount. http://www.iii.co.uk/articles/133855/edmond-jacksons-stockwatch-young-cos-brewery-bucks-failing-pub-forecast?icn=homepage_editors_pick&ici=homepage_editors_pick http://www.iii.co.uk/articles/207704/edmond-jacksons-stockwatch%3A-pick-safe-aim-share
like for likes (rns today) very promising for continued strong growth at Youngs .... the FST LFLs were up 6.8% at 43 weeks, up from 6.5% at 26 weeks, implies roughly 7.3% for last 17 weeks... London pubs booming!
reported yesterday, see their RNS, much below Youngs ... underlines how well Youngs are doing...
interim results today ... like-for-like streets ahead of GNK etc..... AND, this co has too few pubs to be affected by the legislation currently in Parliament... GLA...
Young & Co's Brewery (Non-Voting) (YNGN) Director name: Mr Torquil Sligo-Young Amount sold: 4,000 @ 585.00p Value: £23,400