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SPRT Spirit Pub

119.40
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spirit Pub LSE:SPRT London Ordinary Share GB00B5NFV695 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 119.40 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 119.40 GBX

Spirit Pub (SPRT) Latest News

Real-Time news about Spirit Pub (London Stock Exchange): 0 recent articles

Spirit Pub (SPRT) Discussions and Chat

Spirit Pub Forums and Chat

Date Time Title Posts
21/11/201407:49Spirit Group163
05/11/201213:17Sports betting Thread - All NON-horse racing127
20/1/201212:58SPIRIT11
18/5/200201:09PRIVATE SPORTING CHESS CHALLENGE-
07/5/200100:36Weekend Sporting Punts..Guineas, Snooker, Footie..etc...etc4

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Spirit Pub (SPRT) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Spirit Pub (SPRT) Top Chat Posts

Top Posts
Posted at 29/10/2014 15:10 by exbroker
C&C look like a company that needs the Sprint deal to rescue them from sales stagnation and the board are qualified to do it, but at what price for Sprint?
If they do issue paper expect the company to be re registered in the UK and thus eligible to be in the FTE250 Index in due course.Or maybe no deal who knows!!!
Posted at 29/10/2014 09:51 by timbo003
Lack lustre results from C&C this morning with "earnings growth in our core businesses of Ireland and Scotland offset by challenges in the US and England & Wales".



This what they had to say about Spirit:

C&C has a differentiated multi-beverage model in Ireland & Scotland ensuring a resilient base for sustainable operating profit and free cash flow. This combined with our inherent balance sheet strength provides optionality on capital deployment. Prospective investment opportunities will always be driven by strategic fit and long term shareholder value.

With this in mind the Group approached the Board of Spirit Pub Company with a preliminary approach which was subsequently rejected by the Spirit Board. Our route-to-market capability in Ireland & Scotland is not matched in England and Wales and the concept of vertical integration in the sector is well established. Against this backdrop the Group are of the view that our commercial interests could be materially enhanced through direct participation in the management of high quality retail assets. Such models are well established in the UK and over time the combination of cash flow from branded alcohol together with excellent retail outlets have provided sustainable returns for shareholders. Such a combination would provide the Group with the enhanced position in an important consumer market while offering a range of commercial options across all our domestic markets.

Under the takeover code given the Spirit situation no new operating profit guidance can be provided. The Board are proposing an interim dividend of 4.5 cent per share representing 4.7% growth on last year.'
Posted at 25/10/2014 13:31 by timbo003
>>>>odo

I think the value of the Green King offer has increased recently with their increasing share price (776p on Oct 17th to 798p on Oct 23rd), so there would have been little (if any difference) between the value of the Green King and C&C offers, also I suspect the Spirit BOD were fairly confident that C&C would come back with an improved offer if they rejected them the first time. When it comes to haggling, nobody never starts off with their best offer.

There's a write up in the Morning Advertiser today which suggests C&C will come back with a revised offer, they have until Nov 20th to put up, or shut up.
Posted at 24/10/2014 08:56 by timbo003
A few more details on C&Cs approach to Spirit here.

It seems that C&C offered £1.15p/share with a bigger cash element.
Posted at 23/10/2014 18:33 by timbo003
Counter offer (announced after the close today) from C&C group, the Irish based drinks group, which market brands such as Tennent's Lager and Magners Cider
has been rejected by Spirit.

Bidding battle ahead?
Posted at 20/10/2014 07:34 by timbo003
Kombimatic, that rumour is now confirmed (more or less), the offer is mainly paper though, with only 8p of cash (combined worth 109.5p/share). The two companies are now in talks.
Posted at 23/9/2014 17:10 by jonc
£1 a share rejected.
Posted at 23/9/2014 16:04 by abcd1234
combination,,,, but at what price for Spirit.. ??
..any opinions??
t.i.a.
Posted at 25/4/2013 14:50 by mr_bluesky
things looking much better chart wise here now.

The price has gone back over the 200dma and the 50dma in the space of 11 trading days from the low.It has dropped back from the intraday high and I would not be suprised to see a wee pause in the price movement before its advance to cerca 70p for its first target IMO.

P.S: I bought in a few days ago!

Mr Bluesky
Posted at 30/1/2013 09:45 by jonc
I think we will see better progress once Glenview have dumped all of their holdings

Another 2% has gone and these constant sales are keeping a lid on the share price.
Spirit Pub share price data is direct from the London Stock Exchange

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