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have any thoughts on this company? Followed an ST IC mag tip and naturally it's falling...
Brakes applied. Why?
Came to my attention few weeks ago after big rise. Bought in on dip, hoping for contract news with results on 22nd.
I bought in with target of 170-180p. Capital reduction was due to be followed by share buybacks / divi announcement. Large trades but no RNS. Tempted to sell just to be able to bank a profit.
LOL, pure south me! Got rid of DGS and fed up with ISAT so will probably go north soon... CIC seems to have stuck since they announced capital reduction. Don't know whether to sell as a profit is a profit.... Don't see much value in the market at the moment...
:-) me too!
:-) me too!
Are you Welsh Jolly?!
Thanks Jolly. Much appreciated as always.
on my watchlist for ages but got bored as price seemed to be stuck whatever news came from company. Typical !! This is a ST favourite so will undoubtedly feature in Investor Chronicle online this week which will give the shares another boost. EPS of 32c about 24p so still less that 7x earnings. 200p by end of week should be easy....
DGS? FEN? Any thoughts?
that a fair valuation would be at least 1% of AUM plus cash so a market cap about double current level would still be conservative? Not a holder but thinking about buying in. Any thoughts much appreciated. AP.
are actually buys. Thank goodness!
I lied. Article seems to be online only. Anyway, roll on November.
This is what will be in tomorrow's mag: Half full Punch recovering Pub group Punch Taverns appears to have defied initial Brexit gloom with average profits per pub rising 4 per cent. New management recently allowed its publicans, the majority of whom have historically operated under the so-called beer tie, to opt for a new model – the retail contract option. This involves Punch retaining the sales and cost of sales, but paying publicans a percentage to remunerate staff with. Another key development is the hefty £225m reduction (16 per cent) in net debt, which has brought the net debt/cash profits ratio down to 6.6 times – down from 7.2 times last August. Also: In spite of some doom and gloom about post-Brexit Britain, it doesn’t seem our appetitie for going to the pub has been dampened. Pub group Punch Taverns (PUB) has seen the average profit per pub rise 4 per cent, doubly encouraging given recently-installed management there overhauled the way the group operates. It allowed its publicans, the majority of whom have operated under the so-called beer tie, to opt for a new model. This is called the retail contract option, which is where Punch retains the sales and cost of sales but pays the publican a percentage of this which is used to remunerate staff. A total of 177 pubs have opted to run under this model, with 97 of these already doing so or close to converting. Another key development is the hefty £225m reduction (16 per cent) in net debt, which has brought the net debt/cash profits ratio down to 6.6 times - down from 7.2 times last August. And it has announced an additional £83m of property and land sales on top of those it had previously announced.
the larger trades were the start and there'll be a RNS tomorrow.
I've bought in...
wrote quite a lengthy positive piece about Punch in yesterday's daily market round up but without putting a recommendation next to it. Could be wrong (usually am) but they often follow these up with a full Buy Tip of the Week. Tempted to buy a few as alcohol will never fall out of favour - and neither will land for that matter...
size buys coming in. If I buy they'll drop. If I don't... :-)