Punch Taverns PLC Share Price (PUB)

big volume?

Shouldn't we have had confirmation of bids or some news yeterday in line with the original RNS of the offers in Dec - i thought they had a proscribed nuber of days to confirm or withdraw bids which would have required an update on the 11th of Jan but don't see one? Still hoping for 200p or more. GLA

It looks like the market is assuming that one of the parties will up their bid - and you'd think there would be scope for that when it's still a large discount to NAV. I'd be amazed a deal didn't happen as the current shareholders are mainly the old loan note holders who converted at the time of the debt for equity swap. Fingers crossed its at closer to 200p than 180p. I like the look of PPHE. If you're looking to reinvest profits, have a look at SCS. An unloved furniture retailer which has c£20m excess cash on b/s, makes £16m EBITDA and had a mkt cap of £68m (so a 3x EBITDA valuation).

WYG looks likely to benefit from infrastructure spending (target 150p) while hotels available at large NAV discounts - PPHE, EHG and SSTY.

Good work APA - i have held a bit longer but got in a bit cheaper but agree great news. You spotted any other "bargains" like Punch? I agree no smoke without fire so looks like more interest to me and might get to 200p