Spirit Pub Share Discussion Threads

[mr_bluesky] 25/4/2013 14:50

things looking much better chart wise here now.

The price has gone back over the 200dma and the 50dma in the space of 11 trading days from the low.It has dropped back from the intraday high and I would not be suprised to see a wee pause in the price movement before its advance to cerca 70p for its first target IMO.

P.S: I bought in a few days ago!

Mr Bluesky

[battlebus2] 25/4/2013 13:49

Great to see us back around the 65p :)

[davr0s] 26/3/2013 13:08

Can't see any news and volume to move it this much - tree shake ?

[jonc] 19/3/2013 07:11

The curse of IC!


Share tip summary

Trading is holding up



Will we get hammered today?

[battlebus2] 02/2/2013 17:42

Tipped in the I.C. this week , nothing we didn't know :))

Share tip summary

Trading is holding up despite that tough backdrop and earnings should rise as self-help measures feed through. The dividend payout is forecast to rise solidly, too - meaning a prospective yield that's well over 3 per cent. Yet, despite having risen 50 per cent since June, the shares remain undemandingly rated - Peel Hunt estimates that the ratio of Spirit's enterprise value (market value plus net debt) to cash profits for 2013 is 7.6 while the ratio is nearer nine for other pub companies with largely freehold-owned estates. As Spirit continues to make progress, expect that discount to close. Buy.

[melody9999] 02/2/2013 00:04

JonC - I'm very happy with the progress regardless of Glenview!

[jonc] 30/1/2013 09:45

I think we will see better progress once Glenview have dumped all of their holdings

Another 2% has gone and these constant sales are keeping a lid on the share price.

[jonc] 15/1/2013 07:51

All good so far.

[battlebus2] 15/1/2013 07:48

Mike Tye, Chief Executive, commented:

"We have made a solid start to the year in what remain challenging trading conditions as our guests remain under considerable financial pressure. Our Managed estate performance remains ahead of the market(3) and we continue to focus on evolving our brands, offers and infrastructure to bring great value and choice to our guests. Our plans for our Leased estate remain on track as we look to help our licensees to develop their retail offers which we will support with continued innovation such as our franchise trials which are now underway. We continue to perform in line with expectations and we are confident that we have the right foundations in place to realise the full potential of our business."

[battlebus2] 14/1/2013 08:02

Yep along with the AGM, so hopefully positive.

[jonc] 14/1/2013 08:01

Trading update tomorrow?

[jonc] 08/1/2013 18:35

I wonder if Glenview Capital will sell their entire holding.

I believe the continuing drip drip is causing somewhat of a brake on the share price.

[battlebus2] 03/1/2013 10:13

Numis just retained their buy stance and 80p target :)) More like it!

[jonc] 03/1/2013 10:08

Good stuff.

Far to low though IMO.

[battlebus2] 03/1/2013 10:04

Panmure reiterates with their target of 75p this morning :))

[jonc] 03/12/2012 08:43

Will we get some of the ETI fizz?

[melody9999] 30/11/2012 00:24

In that case there are a lot of buyers around!

[jonc] 29/11/2012 13:27

Glenview have sold 14m which seems to have stopped the rise!

[christabel2] 27/11/2012 16:10

Some big buys. Where are they coming from?

[battlebus2] 26/11/2012 18:38

Yep and strong volume today.

[jonc] 26/11/2012 14:05

Breaking out??

[battlebus2] 22/11/2012 09:21

Still slowly ticking up, would be nice to break into highs of 64p.

[ll0ydy] 18/11/2012 06:57

If the beer escalator is cancelled in the next budget the share price should go higher!

Every year, the beer tax escalator increases the tax on beer by 2% above the rate of inflation, thus adding considerably more pressure on the British pub, the cornerstone of many of our communities. Removing the beer duty escalator at the next budget will help keep beer more affordable and go a long way to supporting the institution that is – the great British pub.

Going to the pub is a core British tradition and so is enjoying great beer. If you want to continue enjoying your fresh pint in your local pub then it's crucial that you support our campaign to grind the beer duty tax escalator to a halt.
If we don't show our support for the great British pub, we risk losing more pubs and more jobs within our local communities.

Support great beer in the great British pub and sign our e-petition now..... British Pubs Need You.

This e-petition has received the following response:
This e-petition has now passed the threshold of 100 000 signatures.

The Leader of the House of Commons has written to the Backbench Business Committee, who are responsible for the scheduling of debates on e-petitions, informing them that the petition has reached 100 000 signatures.

The Backbench Busines Committee meets weekly to hear representations from MPs for debates in backbench time. The Committee can consider and subject for debate, including those raised in e-petitions, but an MP must make the case for their consideration. More information about the committee is available on its website

The Government have provided the following response to the petition:

"The Government recognises that pubs and brewers make an important contribution to local communities and to the wider economy, in addition to providing local employment and promoting responsible drinking. This is why at Budget 2012 we announced no further changes to alcohol duties, beyond the increases pre-announced at Budget 2008 by the previous Government. The 'duty escalator' refers to those inherited plans to increase all alcohol duty rates by 2 per cent above inflation (RPI) each year to 2014 - 2015.

The revenues from alcohol duty make an important contribution to tackling Britain's debt crisis. Budget 2012's duty increase and increases to 2014 - 2015 form part of our credible plan to reduce the Britain's debt, which is required to ensure low interest rates and a stable platform for growth. It would be worse for everyone if the Government did not take action to tackle the deficit.

The Government's ambition is for the UK to be the best place in Europe to start, finance and grow a business. In support of this aim the Government has taken a number of steps to boost business, from which pubs will benefit. These include a reduction in the main rate of corporation tax from 26 per cent to 24 per cent in April 2012. The rate will also reduce to 23 per cent in April 2013 and then to 22 per cent in April 2014. For small businesses in particular, the Government reduced the small profits rate from 21 per cent to 20 per cent from 1 April 2011, and extended the small business rate relief holiday until March 2013."