Member Info for DrJamain

I read that from ADVFN. I'm not well researched on Pubs'n'Bars, especially their debt situation. Just looked at their website and they seem to operate at a much smaller level, have not undertaken a RI. What's your view on this?

It seemed to me that 60p was well tested this week and has become a support level. Any dip below that is an excellent entry point. Topped up early this morning so will now sit tight for a bit.

Did you see the US non-farm payroll data? Very good indeed: expectation was 111k increase in unemployed, reality was 11k increase. This last 6 weeks have been really grim (PVCS, TW, BDEV, LLOY, PUB) but I feel there is a sniff of a change. If, as expected, data shows the UK is emerging from recession then there is a large potential upside for these stocks. They're currently trading where they were when the FTSE was in the low 4000s. Most of the increase in the FTSE has been down to commodities/miners and companies with global reach, but blighty will fight back! It's a bit circular, but recovery stocks need a recovery and there is one around the corner.

I don't want to count chickens, but I like the look of this. The chart's looking good and there seems to be some volume. IMO this still looks like a decent entry point. Pheww!

Have been in for a time now at an average of 79p. The recent fall below the mid 60s support level is interesting and I'm looking to buy more. With Copenhagen coming up and results around the corner I'll be looking at volumes to indicate institutional interest. This is a company free of debt in a growth sector (medium term). It is true that oversupply and Chinese competition will affect margins but as green initiatives are increasingly supported with grants and large projects start to be developed PVCS should do very well. This is a company for the future and IMHO in years to come sub 60p will seem a steal. GL all holders - it's been emotional!

Given the volatility of this share it's difficult to call where this rise will end, but returning to the 80p to mid 90s range will suit me. I have an average of 88p and need cash to buy into the LBG RI by 12th Dec.

Well earned relief for all who kept faith. Some volume behind this rise so I'm expecting it to continue into next week. As someone in PUB, BDEV, TW and others the recent pattern seems to have been a shorters raid every other week. I'm wondering if this will be true for the week after next. I'll be looking at the indicators for next week's high and selling, hoping my hunch is true for the week after.

I agree. Pubs are a recovery sector so medium term this is fine so long as the management are competent and the econmoy recovers. I would add that, given its volatility and the clarity of its chart signals (see Chiffa's chart on the 19.12 post), this is also a share to be traded. I'm learning the behaviour of this one currently but I'm hoping to get better with it in time. I also checked the performance of PUB against Enterprise Inns (ETI) and there are great similarities. I'm not sure that the current malaise is peculiar to Punch.

I've got £35k in these at an average of 91p, so the paper loss tonight hurts. However since I got in about 3 weeks ago I've been amazed at the volatility of this share, and volatility is opportunity. The question I ask is whether there is another opportunity out there with as much short-term potential as this. If I sell now at a loss where will I go to recoup? I really believe that the fundamentals for Punch, and the sector as a whole, have not worsened in the last couple of weeks so what we have here are fluctuations due to market making and institutional activity. For what it's worth I wouldn't be at all surprised if we don't have a significant rise tomorrow - Credit Suisse have upped their holding and Mitchell and Butler's results may generate momentum. We'll see. GL all.

Bought in late this afternoon when became aware of this debacle. Have looked at the results and they are excellent. Defies all logic unless I've missed something - have I?