Capital Pub Share Discussion Threads

[nurdin] 14/6/2010 17:32

Hope there is a positive reaction tomorrow..;o)

[davidosh] 14/6/2010 17:11

Results next week and it looks like they have a few pubs they want to buy in the Summer sales....lol




The Capital Pub Company PLC (the "Company") today announces that it has today posted a circular to its shareholders (the "Circular") including notice of a general meeting convened to be held at 9.30 a.m. on Wednesday, 30 June 2010 at the offices of the Company's solicitors, Lawrence Graham LLP, 4 More London Riverside, London SE1 2AU (the "General Meeting"). The sole resolution (a special resolution) to be proposed at the General Meeting is the grant to the Directors of authority to issue 5,571,000 ordinary shares in the Company for cash, otherwise than pro rata to existing shareholders.

The Directors regularly identify earnings-enhancing acquisition opportunities to increase the Company's estate of pubs. Normally authority to issue shares for cash otherwise than pro rata to existing shareholders would be sought at the Company's next Annual General Meeting in September 2010. However, there are some earnings-enhancing opportunities that the Directors are keen to pursue in the short term. In order to give the Company the optimum financial flexibility to take advantage of these potential acquisitions, the Company is seeking shareholder approval to increase the number of shares that it is able to issue for cash otherwise than pro rata to existing shareholders.

The Circular is also now available on the Company's website at

The Company will be announcing its results for the financial year ended 27 March 2010 on Wednesday, 23 June 2010 and such announcement will also be available on the Company's website at 'www.capitalpubcompany.com'.

14 June 2010

[cockneyrebel] 08/5/2010 12:46

Nice statement yesterday imo.

Think the cautious note re post-election is something they were bound to say really.

If they are trading significantly ahead of last year then the forecasts for this year look like they may be on the low side imo

CR

[davidosh] 07/5/2010 07:28

Very nice trading update and significant investment in the company at £1 per share announced today along with a disposal and estate revaluation....




The Capital Pub Company is pleased to announce that current trading following the Company's year end on 27 March 2010 continues to be significantly ahead of last year, reflecting the strength of the London economy and our well-positioned estate of pubs.



The Company benefits from having an excellent team of employees and managers whose achievements were recently recognised in being awarded "Managed Pub Company of the Year" (below 100 outlets) at The Publican industry awards. To help maintain this success and to incentivise our employees, the Company is introducing a share incentive scheme to enable employees with over one year's service to acquire shares in the Company in a tax efficient manner. The Company will match each purchase up to £1,000 per employee. The cost of implementing this scheme will predominantly be borne by the Directors who are not taking any increase in remuneration for this financial year.



In addition, the Company has exchanged contracts on the sale of the freehold of the Marquis of Granby for a consideration of £3.49 million. The Company will continue to manage the pub on a short term lease. The Marquis of Granby contributed EBITDA of £280,000 to the Company in the year ended 27 March 2010. The proceeds from the transaction will be used to reduce borrowings.



In accordance with accounting policies the Company has also had the majority of the estate revalued resulting in a book value of the Company's entire freehold and leasehold estate of £64 million (excluding the Marquis of Granby). The estate was last revalued in February 2007. The revaluation was carried out by AG&G Chartered Surveyors on 27 March 2010. The revaluation included all houses within the estate with the exception of two recently acquired pubs, one leasehold pub and one pub held as an investment property.



The Company announces that 1,698,090 new ordinary shares of 50 pence each in the Company (the "New Ordinary Shares") have been issued to MREF II Investments Limited ("MREF II Investments") at a price of 100 pence each, raising approximately £1.7 million for the Company.



Following this transaction, MREF II Investments' beneficial holding in the Company is 1,932,490 shares representing 8.7% of the Company's total voting rights. The proceeds from the issue of the New Ordinary Shares, in addition to the consideration from the disposal of the Marquis of Granby, will result in current net debt falling to approximately £23.3 million.



Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission is expected to be effective from 12 May 2010. Following the admission to trading of the New Ordinary Shares, the Company will have 22,283,998 ordinary shares of 50 pence each in issue.



MREF II Investments is a Jersey incorporated company that is wholly owned by the Moorfield Real Estate Fund II ("MREF II"), a fund that closed in 2008 with committed equity capital of circa £390 million. MREF II is managed by Moorfield Investment Management Limited, a Moorfield Group company ("Moorfield"). Moorfield is a UK real estate and real estate related investor, developer and private equity fund manager. More information about Moorfield can be found on its website, www.moorfield.com.



Clive Watson, Chief Executive of the Capital Pub Company PLC said:



"Current trading remains strong and whilst we remain cautious regarding the economy following the General Election, we are encouraged by the strength of the London market. I am delighted to reward our staff for their continuing contribution to the success and development of the Company through the new incentive scheme which is being put in place.



"We welcome MREF II Investments as a significant shareholder in the Company and we look forward to working with Moorfield and leveraging their significant real estate and investment experience. Both the disposal of the Marquis of Granby and the placing have reduced gearing and strengthened the balance sheet significantly. This provides the Company with a platform to continue the future growth of the business."



7 May 2010

[davidosh] 30/4/2010 10:07

meict....Cutbacks everywhere and you must be damaging the brewery profits.. LOL

Look on the bright side as your investment here is doing brilliantly and you must be saving a fortune on that monthly beer expense account !!

[meict] 30/4/2010 01:06

Finally! I've found something out about The Victoria Inn.



If this is to be believed, the builders will be handing over the refurbished pub on 24 May. This will be followed by a celebratory party, the pub opening for trade on the 31st, just in time for the start of the World Cup.

There's no mention of The Uplands, I think it also closed for refurbishment but its status is unknown, as there's no information on the company's website. Similarly, there is no information about The Havelock Tavern in which CPUB has a 40% interest.

Enjoy your extended weekend break and come back bright and cheerful to face the bulletin board next week.

On a sad note, I've not had a drink for fourteen weeks and two days! Sadder still, I've been advised that when I have fully recovered I'll be able to have five pints a week! No not in one night and I can't save them up for three weeks for a decent blow out. It's one pint a night for five nights and two nights, of my choice, abstention. I apologise, in advance, to those that I promised to join on a pub crawl when my feet were better.

[meict] 26/4/2010 19:45

Big jump for a recommendation!

Some questions:

What will the price be tomorrow?

What about the sale and leaseback question?

Property revaluation?

What's the next resistance point?

[cockneyrebel] 26/4/2010 08:46

yep, beautiful :-)

CR

[davidosh] 26/4/2010 08:43

Blimey that is a big jump this morning.....£1.05 to buy now. No news out but maybe a recommendation somewhere.

[davidosh] 20/4/2010 23:30

meict.....Great to see you at our dinner on Monday and will let you know if I find anything out about the official opening of The Victoria as I want the directors to do an investor presentation at some stage and a new pub would be a great opportunity. Did you manage to get any NWT ?

[cockneyrebel] 20/4/2010 18:24

Chart's starting to look rather nice here - setting up to go through the May 08 high.

CR

[meict] 20/4/2010 16:27

Another move in the direction to 95.5p although the MM's are quoting 95p and 98p.

The 100p target is now in sight and could be breached with the minimum of buying.

[davidosh] 17/4/2010 01:19

The restaurant is SeaSalt right opposite Beckenham Junction station at No 2 Southend Road, BR3. You cannot miss it and anytime from 6.30pm. Website for further directions and map www.seasaltbeckenham.com

[davidosh] 16/4/2010 11:20

meict...Fancy joining us for dinner just up the road from you ?



Two good small caps presenting too.

[ditchsid] 16/4/2010 10:50

Thank you meict I have bookmarked that page.

[meict] 16/4/2010 03:39

This makes interesting reading, especially the buys at 97p!



How long before we break through the £1 barrier?

M

[cockneyrebel] 15/4/2010 12:15

Making new recent highs this week

CR

[meict] 15/4/2010 12:14

Again stock appears to be short. They'll let me buy 150 but no more and they are offering to buy what I have for 94.25p when the middle price is 94p!

M

[meict] 14/4/2010 21:03

Up 2½p, how nice! Perhaps we are going to see some more action. Trading wasn't great today, I wonder if we're going to be treated to a trading update or the long-awaited property revaluation?

No news as yet of the reopening of the Victoria Inn (once the Wishing Well), which I was told would be trading after Easter. The Uplands was also being refurbished, it too should be ready in good time for the World Cup.

Hopefully we'll see the share price breach the £1 mark before too long.

meic

[meict] 14/4/2010 10:21

Once again, they'll let me buy 150 but no more I wonder if they've got a large order they're trying to fill?

M

[meict] 13/4/2010 13:52

Again, the Market Makers don't want to sell any shares.

The most they'll let me buy is 150!

Anybody else experiencing this?

M

[meict] 12/4/2010 16:12

The MM's don't want to sell any this afternoon - what are they up to?

M

[cockneyrebel] 07/4/2010 16:49

testing the highs.

CR

[meict] 07/4/2010 16:02

Some New Year buying is moving it along again.

When is the property revaluation going to be done? What about a trading update?

What's the next resistance point?

Eleven weeks without alcohol, I need a replacement buzz - come on CPUB!

M