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Real-Time news about Belhaven Grp. (London Stock Exchange): 0 recent articles
|salpara111: Well I am still a holder but am somewhat dissapointed that the share price does not seem to reflect the serious quality of the business but then again who ever said that the stock market was rational.
M&S announced the other day its seventh consecutive quarter of falling sales and what did the share price do....yes of course it went up to within 5p of its 2 year high...hmmm. So I guess that logic has little to do with it. I am just a little concerned that a predator may be able to take BHG off the market for what I would consider to be a cheap price.|
|salpara111: Given their very healthy free cash flow I am unclear as to why they would need to launch a rights issue.
I was away on results day but would have to say I am very pleased with the results and while I didnt expect the share price to rocket I would have expected it to have put on a bit.
I originally bought BHG and Greene King at the same time and then sold out of Greene King which in hindsight looks like the wrong decision.
I intend to hold for the moment as I believe that any potential offer for the company would have to be at least around the 600 level.
The p/e rating is pretty undemanding and they have been impressive in holding up their margins so the down side has to be pretty limited from here.|
|edmundshaw: Would top up, but did that on the last dip so fully overweight here.
Perhaps smoking ban and divorcee share 'overhang' are a concern; but in the end it is the business results that will determine the share price (rise). If she wants, I'll take a few thousand off her hands for £4 a piece, though! :-)|
|paulf99: Last year there was just an announcement in May that the results will be out in June - no update. The board of BHG don't seem to spend much time massaging the views of the market which is a good sign (IMHO) that they are concentrating on running the business. In all the years I have held BHG I have (I hope) learnt to live with the up and downs of its share price in the absence of information. I guess it's the price we pay for owning part of a well run but small business.|
|paulf99: RNS announcement yesterday:
"The Belhaven Group plc, Scotland's leading regional brewer, with integrated
brewing, distribution, pub retailing and tenanted estate management activities,
is pleased to announce that Ron Robson, MA, CA, has been appointed as Group
Finance Director with effect from 4 April 2005. David Morrison, who has given
distinguished service to Belhaven as Finance Director since 1989, will retire at
the end of March 2005. Ron will join Belhaven at the start of March and work
alongside David for a month, before taking over as Finance Director, to
facilitate a smooth handover."
This has to be good news, to have filled the FD slot with someone who seems high calibre. The relevance of his logistics experience escapes me but I guess they want skills with money more than experience of the drinks industry. The share price jumped up today, so I guess that's pleased some others too, but will it hold?|
|domtheone: Results in 12 days. Hopefully an end to the sagging share price....|
|stan: i'd guess that the majority of people who do go out to the pub in Scotland are in fact smokers too...so my hunch is that this could have quite a devastating effect on BHG's profits as a lot of ppl will now simply stay at home.
Whether the ban's idiotic or not, i'm afraid it's a fact of life now and the reality is that it will become the norm everywhere soon after which there will be no going back.
This coupled with the prospect of much higher costs next year, an ever increasing minimum wage (the unions will be asking for at least £6/hr soon,) and an increasingly competitive market in which BHG could easily be squeezed out, means that the share price has some way to fall yet.
Pretty dark times loom ahead for the pubcos i'm afraid and the shares would be best avoided.|
|salpara111: Having sold part of my holding at about 440 I would have to say that I am sorely tempted to re-invest at this level.
The general feeling in Ireland is that the ban has taken about 3% off sales and if that were replicated in Scotland then I feel that a 19% drop in the share price, given that the company is still steadily growing, is more than overdone.
I guess I will monitor for a little while longer as there seems to be rather a lot of sentiment driving the price at present rather than fundamentals.|
|edmundshaw: ...and there we go. Standard Life has sold another 275k shares (over £1.25m including the last sale). They still hold over 3% of BHG, so unclear if they are top slicing or will continue selling.
Their reasons for selling are do not alter my perception of the investability of this share. Indeed, it makes the share price drop explicable, removing any residual worries about the reasons.|
|edmundshaw: Historic PE of 11, yield about 3%, 13 years of growth, large pub expansion in the offing (some already adding to T/O), BHG showing excellent chances of further growth; and great management.
At Q1 trading was "comfortably ahead" of the previous year.
Always the chance of a problem, and all runs come to an end, but I wouldn't expect Stuart Ross to let the long term growth stall, whatever.
My guess is that the increased institutional interest over the last year or two is adding volatility (seen it before in growth stories where the co breaks onto the radar screens of new institutions). This can occur as they have large holdings - when they become a buyer or a seller (top slicing or changing tack), it can have a disproportionate effect on the share price (sorry if I'm stating the obvious).
Added 25% to my holding today. For me this is a great buying opportunity!|
Belhaven Grp. share price data is direct from the London Stock Exchange