Marineville6 Aug 2016 09:39
I understand your comments and surely the strategy is to focus on opening more of the fashionable pubs etc we have within our brand and slowly dismiss the old unprofitable locations. I'm sure that management have enough data post review to support this. IMO there are a few reasons why the stock is moving up but time will tell if I'm correct: historically cheap stock were most holders have sold their stake or have decided to hold as unwilling to take losses, possible double bottom technical formation that if we break these levels could take us back to 500 (would be grateful if technical holders could comment), interesting dividend yield which does attract a certain bracket of investors, unlike but possible M&A, profitable company etc. personally I'll hope in a great technical rebound from depressed levels, let's sit back and see as I'm in no hurry.