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Cains Beer Share Discussion Threads
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|Nite nite tracksuited bindippers|
|Appointment of Administrators (Cains Beer)
RNS Number : 1290B
Cains Beer Company PLC
12 August 2008
12 August 2008
CAINS BEER COMPANY PLC
('Cains' or 'the Company')
The Company announces that David Chubb, Ian Green and Craig Livesey of
PricewaterhouseCoopers LLP were appointed joint administrators of
Cains on 7 August 2008.|
|Fenseal, put it this way i don't live in a North/West of England shanty town,
were the habitats are theives & inbreeds.
hopefully we wont have those stupid made in Liverpool beer bottles in my
local Morrisons now.|
|Liverpudlians nicely balanced people - a chip on each shoulder.|
|Mr Hangman what is your post code....if you do not mind!!!!!!!!!!!|
|I heard him-Mc- on the radio the other day, he sounded like Jack Wooley off the Archers-ohh- not that I ever listen to the Archers of course, well once for investigative journalism!|
|Well i was right about a Paul Mcartney lasting longer, did not think my
prediction would come right so soon.
The only good thing about Liverpool is the road out|
|Top call TOB !
Too many dodgy Aim small caps around now.|
|relish - basically you are correct, the deal to acquire Honeycombe although logical on paper proved a disaster financially.
My losses are disappointing but the real losers are the company's employees who now face an uncertain future, in what are uncertain economic times.
If it enters administration, failing an outright sale it will be broken up and sold in parts, imho the brothers may re-acquire the brewery, but the estate is a financial cancer with a number of failing sites
Personally I have wrote my holding off, it's pointless worrying over it as it's a problem I can't solve - I own 20 of these AIM dogs, some double, others slump but most bounce around - over a year it evens out and ends up beating the yield on my savings account so I can't complain.|
|Let me get this straight.
Cains brewery was doing fine for years supplying Cains beer.
This was taken over last year and merged with a load of loss-making pubs and saddled with a load of debt.
Now the whole entity has gone bust.
Does this mean that Cains brewery will be shut down?
Presumably it can be put up for sale seperately if need be?|
|The Company's bankers have now informed Cains that they are not prepared to
support the proposals that have been put to it by the Company. Accordingly, the
Board of Cains requested the suspension . A further announcement will be made....there is a big word here that everyone should take note of PROPOSALS its the same as buying a car.....don't show your hand too soon,if they had no chance they would of said they are not interested....saying proposals means come back with something better..........my thoughts only, good luck to all shareholders!!!|
|Any idea how this will affect the supply/distribution of Cains beer?|
|Well, it's a shame, but it always looked like there was too much debt; if they'd used the 'honeymoon period' when they first did the deal with Honeycombe, they could perhaps have sorted the balance hseet out.|
|Oh dear, another case of 'Insider' magazine featuring companies/folk who subsequently perform below grade.
Let's have a brief gander:
'Tiny' Paul Davidson, 'The Plumber' - who today has apparently lured Everton FC's CEO to his new Spanish acquisition. And, together with 'The Spaniard', will be trading his PLUS-quoted Fluid Leader like the proverbial Spaniard.
Andrew Lazare - one of their all-time faves, now in hiding.
Sammy Kahn - do.
The list is endless.
A positive mention in a Newsco publication seems to be the KOD.|
|Who does it "look positive" for? Because existing shareholders are bound to be significantly diluted!|
|Looks very positive:
Chief executive Sudarghara Dusanj revealed today he had told bankers that his family would convert £2.56m of loans they made to the firm to fund last June's £37m takeover of Preston pubs group Honeycombe Leisure into new shares.
That means rather than expecting a return on their loan the family is injecting £2.56m of its money in a demonstration of their commitment to its future.
Sudarghara said: "We put everything we had into the deal last year and we are now willing to convert the loan into shares
"It is a new injection of cash which shows that the family is backing the business."
|Grlz, i can see your point of view & wish you luck, but you would be better
off buying a few Paul McCartney CD's unfortunately he will still be hanging
around in a years time.|
|Slightly hysterical responses aside - the fact remains that the group's bankers have continued to actively support CBC so if the plug was going to be pulled it would have occurred last year after it breached its covenants.
With the tax issue negotiated - the only question mark is the company's short term funding position, but on the plus side recent trade is significantly up and sales to it's own estate attract higher margins.
Risky, but once the banking is confirmed could easily double from this level, hence yesterdays tick up
|Cuckoo clocks Mr Hangman|
Thats rich coming from someone who's country is only famous for making
Cuckoo clocks & taking a "natural" stance in major wars.
But whoopee your trains run on time|