Pubs 'n' Bars Share Discussion Threads

[littleweed] 04/12/2009 09:11

jeffian - 2 Dec'09 - 17:43 - 47 of 50


N111,

I agree with your point about not worth selling if you've already lost 90% and the remaining holding only worth peanuts. Unfortunately, I've got some of those as well!


Well well so it looks like ADVFN's pubco guru has got his fingers burnt by this little bit of toast. Precious little comfort to the dozens ahead of him in the queue who he has chided (albeit gently) over the years when they suffered the same fate in a pubco. Hard luck mate!. Hope it was only a few quid because you don't to be told the likely outcome here.

[topinfo] 04/12/2009 07:59

DJ Pubs 'n' Bars PLC Suspension

TIDMPNB

RNS Number : 5944D

Pubs 'n' Bars PLC

04 December 2009

Pubs 'n' Bars plc

("Pubs 'n' Bars" or "the Group")

Suspension

Pursuant to recent announcements, the Directors of Pubs 'n' Bars, have requested for the Group's ordinary shares to be suspended from trading on AIM with immediate effect pending clarification of the Group's financial situation. A further announcement will be made in due course.

=-END--

[share_shark] 03/12/2009 18:24

Nap. Agreed. Either way.

[napoleon111] 02/12/2009 21:24

glad you agree, and your very right re their credit. however, been in now i'm in 2 minds as to average down even more, or just hold what i have...if i was to average down and something was to come of pnb it could be very lucrative, if not, well i really should have learnt my lesson lol! anyway, heres to looking on the bright side of things, and if that means i have to relocate to one of the pubs and keep it afloat, then so be it! actually, maybe we should round up all the pnb shareholders and have a little get together over a few drinks in one of pnbs taverns...the money spent would probably be put to better use than buying the shares of the co lol!

[jeffian] 02/12/2009 17:43

N111,

I agree with your point about not worth selling if you've already lost 90% and the remaining holding only worth peanuts. Unfortunately, I've got some of those as well!

8-(

The comment was really aimed at anyone tempted to buy in at these levels - even at 2p you could still lose 100% of your investment.

"The fact that they are a cash business should help in the short term to keep the company up and running". That's why I made the comment I did in #45; yes that's normally true for pub businesses which are taking cash at retail margin across the counter for goods they are buying at wholesale prices on 30/60 day credit, but in this case it's now the other way round - their suppliers are making them pay cash up front before they deliver the wholesale goods for them to sell to customers. That reversal requires a huge increase in working capital from a company which is already struggling.

[napoleon111] 02/12/2009 14:17

lol, very good point jeffian! but at the same time i believe (again my opinion only) that after losing 80-90% of your/my/anyones investment instead of cutting your loses and pocketing what will probably only amount to a few hundred quid, it would make sense to hold awhile longer and see if theres a recovery, again imho etc etc. The fact that they are a cash business should help in the short term to keep the company up and running, debt is a problem obviously, but i reckon this could be a great recovery play. not ramping, just my opinion, and therefore i'm holding out, and of course if the co was to go belly up, wouldnt be happy at losing all my investment but thats a risk i would be willing to take, couple of hundred quid selling at 2p aint gonna get me anywhere!

[jeffian] 02/12/2009 10:48

"who in their right mind would sell at 2p?" Errrr.....those who would rather have 2p than 0p?

"...the Group continues to experience difficult trading conditions and
a lack of supplier credit to the business which is having an adverse effect on
the Group's working capital." A "lack of supplier credit" means they are on cash-with-order (i.e. the supplier requires cash before delivering) which, for a business used to 30/60 days credit on supplies and taking cash across the bar from their retail customers, is a complete reversal of the status quo and will be playing havoc with their cashflow, regardless of trading difficulties. Expect the worst.

[napoleon111] 02/12/2009 09:55

look slike some people are getting the jitters!! who in their right mind would sell at 2p? madness, why take a loss? no patience to wait and see if something comes from pnb? Alcohol will always be a neccessity whether in a boom or downturn...wellmaybe thats just a personal opinion lol!

[napoleon111] 01/12/2009 16:43

down she goes a pip

[share_shark] 26/11/2009 22:59

Nor me Nap.....is it ;-) or ;-(

[napoleon111] 26/11/2009 02:42

not sure how 2 take that ;)

[napoleon111] 25/11/2009 15:23

down 14% or so today...if it drops below 3p then i'm back in

[napoleon111] 20/11/2009 18:36

as always! Same to you ss

[share_shark] 20/11/2009 17:25

Are you on your tod, Napleon ?. ;-)have a great weekend.

[napoleon111] 18/11/2009 12:40

top up time :-)

[napoleon111] 18/11/2009 11:09

Perhaps not...

[napoleon111] 17/11/2009 18:55

a minor hurdle ;-0

[topinfo] 17/11/2009 16:28

DJ Pubs 'n' Bars PLC Trading Statement

TIDMPNB

RNS Number : 6577C

Pubs 'n' Bars PLC

17 November 2009

?

Pubs 'n' Bars plc

(AIM: PNB)

("Pubs 'n' Bars" or "the Group")

Trading Statement

The Directors of Pubs 'n' Bars, the community public house owner and operator announce that the Group continues to experience difficult trading conditions and a lack of supplier credit to the business which is having an adverse effect on the Group's working capital.

The Group's bankers are currently supporting the business on a day to day basis and discussions with them regarding the Group's future funding are ongoing. A further announcement will be made in due course.

=-END--

[napoleon111] 11/11/2009 19:15

come on guys get your backsides in gear!

[napoleon111] 03/11/2009 13:20

thanks for the heads up ss, will have a look, have been in pre before but never thought they would go anywhere lol!

[share_shark] 03/11/2009 11:03

Take a look at Pre and the AGM reports and annual report Nap!.VERY interesting.

[napoleon111] 03/11/2009 11:01

All is good here! not too happy with a t trade on skr recently, but its not the end of the world! not impressed either with our oiler, but what can you do?? apart from that everything seems to be going my way this morning!

[share_shark] 03/11/2009 10:52

Hi Nap. Hope you are well ?.