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Punch Taverns Share Discussion Threads
Showing 1776 to 1800 of 1800 messages
|Maybe it would be a good thing if Emerald got it.....then Heineken could take a pop at Enterprise Inns!|
|Reported NAV is actually 353p (£784.5m / 222m shares in issue) but it falls back to around 285p if you strip out the £150m 'goodwill' on the balance sheet, which is what I imagine they have done.|
|Taken from Langton Capital - 2017-01-13 - Punch Taverns daily email by Mark Brumby:"PUNCH TAVERNS A REMINDER OF WHERE WE STAND: Punch has agreed to a break up bid from Heineken and Patron Capital at 180p per share. The is irrevocable except if a rival offers 200p or more. Documentation is promised 'by 20 Jan'. The first closing date is then 21 days hence. A rival offer, which would have to be at 200p or above, is likely towards the end of that 3wk period Saying a second bid will come in the week beginning the 6 Feb is not unreasonable. Given the benefits of vertical integration, Punch should be worth more to Heineken than to anyone else A counter from Patron / Heineken at 210p to 220p could not be ruled out Punch's NAV is c285p It would take a builder of such an estate c300p per share and perhaps 20yrs to build such a portfolio of pubs The end-game could, repeat could, be materially closer to the 285p NAV level than it is presently."|
|Well the Board may be recommending it but the market still isn't buying it yet.|
|Bit of a Phoney War here! I wonder which side will get off the fence first, or whether either will?|
|Exactly thats why I bought, cracking value, just not use to these new fangeled take overs with contract's and scheme's.|
|Hmmmmmm. Punch claim a Net Asset Value of over 350p/share and the 'discount to NAV' is also a metric used by ETI to justify the investment case. Be interesting to see how close they get and how that reads across the industry..........|
|Bit confused so have Patron got control with 51% or have they got to get real and up the price?|
|blimey as I posted that (having bought a few today) as the screen refreshed with my post, it showed the graph going at right angles, blimey what timing!!! Boom, so now wait for Heineken....IMO/DYOR....gla|
|yes is very quiet. which one Heineken or P/E house will win the day, one at £1.75 and one at £1.85 DYOR etc, but if bidding war, will one need to be higher than £2? should be interesting but look at LVD where first offer was at £2.05, now bidding £2.30 and above...let's see..|
|Quiet board, two takeover offer's trading below the higher offer.
Whats the catch?|
|A very good budget for Punch and Enterprise:
Beer, Cider and Spirits duty frozen, but probably more importantly.....
* change in threshold in ratable value from £6K to £15K before business rates are payable
* stamp duty rates on the purchase of commercial property bought into line with residential property|
|Punch Taverns plc will be releasing its full year results for the 52 weeks to
22 August 2015 on Thursday, 12 November 2015.|
|If you still like PUB for a bowl the 50 day MA might provide support for a bounce here.|
|Green King quite recently bought one of Punch`s pubs here, in town and promptly put up the prices by 10%|
|Barclays say Overweight today, 214p target:
22 Jul 2015 Punch Taverns PLC PUB Barclays Capital Overweight 137.50 138.75 214.00 214.00 Retains|
|16 Jul 2015 Punch Taverns PLC PUB Numis Buy 138.63 138.50 160.00 160.00 Reiterates|
yep - got a few on Friday as it broke through 131-132 level....updated chart below with an approx target level of 200p from bowl completion
edit - updated chart as at opening on 17/07/15|
|you in this one sportbilly? I'm considering/|
|Breakout and move to 150p now on?|
|Ahh!at last a man who wants to take the company in a new direction. "Down" didn't seem to me to be the answer.we'll wait and see, good luck Mr. Garrood.|
I'm glad that one didn't go through|
|Punch Taverns is mentioned in today's (07/01/2015) ADVFN podcast.
To listen to the podcast click here> http://bit.ly/ADVFN0102
In today's podcast:
- Brenda Kelly, Chief Market Strategist at IG.com chats about Tesco, Sainbury's, BP, Tullow Oil and more. Brenda on Twitter is @BrendaKelly_IG
- And the micro and macro news including:
Tullow Oil #TLW
Galliford Try #GFRD
Keller Group #KLR
Majestic Wine #MJW
Royal Dutch Shell #RDSB
Escher Group #ESCH
Anglo American #AAL
Shanks Group #SKS
Punch Taverns #PUB
Enterprise Inns #ETI
Imagination Technologies #IMG
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