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THW Daniel Thwaites PLC

73.50
0.00 (0.00%)
19 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Daniel Thwaites PLC AQSE:THW Aquis Stock Exchange Ordinary Share GB0008910779
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 73.50 676 16:29:59
Bid Price Offer Price High Price Low Price Open Price
62.00 77.00 73.50 69.50 73.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
13:27:32 676 73.50 GBX
Daniel Thwaites PLC has, since 1807, been based at the Star Brewery in Blackburn, Lancashire and is one of the UK's longest established family brewers.

The Company has an estate of approximately 300 pubs, a small but growing group of coaching inns, six four star regional hotels and spas and a craft brewery.

Thwaites strong family connections shape the way it does business in each of its trading divisions and whilst each has its own services and products to offer, they are united in a common desire to be known for quality, integrity and care.

The Company's ambitions are shaped by its desire to be the best in whatever it does and to drive value for its shareholders and customers who put their trust in the Company to deliver superb hospitality in outstanding properties in great locations and brew some fabulous beers along the way too.

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Date Time Title Posts
12/4/202408:17Thwaites113

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Daniel Thwaites (THW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:27:3273.50676496.86O

Daniel Thwaites (THW) Top Chat Posts

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Posted at 22/6/2023 21:37 by pugugly
Link to the new ASQE Advfn link thanks to ruslan1.



Quote 80/100 - Spread impossible

26th June more like 95/97 but if largish holder looks as though need to take a hair cut. NAV and yield look interesting but with increase in mortgage rated and infltion suspect only for very long term holders - not a dealing stock.
Posted at 15/11/2019 21:11 by jbfnfn
The interim results failed to move the share price. I guess that means results are not too bad, steady as she goes.

They only mention one like for like figure in the results 2% turnover increase in Pubs and Inns. I am not sure how much of the rest of the revenue growth is the result of recent investments and refurbishments coming onstream.

For a company with a substantial hotel business they don't mention Revpar (accommodation revenue per available room), occupancy rate or average room rate. Hopefully they have these numbers to hand internally.

A couple of plus points for me they sold the Funny Girls vennue but kept the two pubs associated with the transaction. This means they are no longer managing a theatrical venue. Optimistic that they can make money from the pubs. Also they sold three pubs and a parcel of land for a profit. This helps to have some faith in the valuation of the properties in the balance sheet. The only caveat here is we don't know the profit on the value of the parcel of land sold.

Another plus point the debt came down.

I'm holding on to my small stake here. I'm just a penny punter.
Posted at 16/7/2019 21:49 by scotch broth
Just a point about shareholder perks.
Thwaites offer 25% discount as mentioned in the annual report each year.
Peel offer 50% but off the rack rate which is a notional top price they would charge if they could get away with it.
Posted at 11/6/2019 20:16 by jbfnfn
Scotch broth
"60-72p"
I guess you might be right given that someone has been happy to sell the shares all the way down to 107p. Using the EPS of 5.9p and a multiple of 10 gives about 60p a share if you use the underlying EPS 12.2p then a valuation of about 60p is a multiple of 5. Maybe that is right for an illiquid family business only quoted on the NEX exchange.

On the other hand the current share price 117p (Mid price on NEX) does look cheap based on net assets per share of 307p.

Total dividend of 4.46p could be worse.

No trades on NEX today so the results did not initiate a stampede for the exit.

I would like to see more money being made from the hotels. The read across from Peel Hotels (PHO) says that's difficult but I guess Thwaites are more upmarket than Peel Hotels.

They have acquired the "Funny Girls" business in Blackpool out of administration. Ownership in settlement of outstanding loan. If they can make money from that operation it might look like a shrewd move.

I would like to see the debt come down in the next year if the capital investment is going to be reduced.

Page 15 of the 2019 annual report shows four of the healthiest most well fed dray horses I've ever seen. If I'm going to be a part owner of horses I guess it's a relief to see they are appropriately cared for.

To make money here I may have to try and live a long time. I've started drinking halves. I will be hanging on to my small holding here and will wait and see.
Posted at 03/6/2019 19:23 by jbfnfn
gfrae

Thanks for that. I've never looked at the bid offer prices on advfn before. I buy these through Barclays Smart Investor (I don't recommend them) on there the bid today is 112 the offer 120. The spread is horrible. I guess it's different market maker quotes.

I was only joking about the horses. I have no knowledge of their condition. I'm stuck south of watford gap for work and very rarely get back north. I guess 200 years ago the horses owned by the business would have been crucial, today we can safely rule out any effect on the share price due to horses.

I'm only posting on here to try and prompt someone more knowledgeable to explain the share price fall. I have no idea.

I'm only a penny punter. If the share price goes much lower I will have to start looking down the back of the sofa for a few quid to top up my small holding.
Posted at 03/6/2019 09:48 by gfrae
Quite a dramatic share price fall from 140 bid to 100 bid over the last month or two. Is there a fundamental reason or just some selling pressure in a thin market , any thoughts ? Nothing in particular that I can think of .
Posted at 13/5/2019 10:02 by cjohn
I bought THW in mid-2014 when the price got down as low as a quid per share.

The discount to tangible assets was compelling. Though I made an ok profit, selling out a couple of years ago, I felt that shareholders were not well-served by the Nex listing, nor by the large % holding of the family.


My only contact with the company was pretty frustrating; no interest at all in myself as a minority shareholder; nor in any suggestion that their (minority) shareholders - and also the company itself - would be better served by an AIM listing.


I believe the extra scrutiny and pressure from shareholders on AIM is what the company needs, but is, precisely, what they don't want.

This company is tolerably well-run but sleepy and stuck in its ways. The likelihood of a takeover to reléase value is almost nil.


I sold out, btw, still at a very marked discount to tangible assets (not even taking into account the development potential of the site in Blackburn).


Good luck to holders.
Posted at 01/5/2019 15:08 by mw8156
all three Nex brewers look cheap against their NAV, particularly Thw, but all are struggling to grow profits and have not been helped by the tax breaks available to micro, so-called breweries, as stated above, also some signs in Whitbread and Green King's results that the consumer may be slowing down outside London so personally would rank these as Shepherd, Thwaites, then Adnams in order of attractiveness but none as attractive as Young's or Fullers....City pub group well located pubs but expensive? other views welcome...
Posted at 01/5/2019 14:34 by jbfnfn
Mr Bowler

Is it possible to get the price chart to work for this thread. On the SHEP thread you get the price by using the nex prefix NEX:SHEP. If you use NEX:THW maybe the chart would work.

Thanks in Advance
Posted at 01/5/2019 14:30 by jbfnfn
timnet: The obvious answer to that is someone is selling.

Having said that none of the three pub companies/ brewers quoted on the Nex exchange only are doing well share price wise.

nex:thw Thwaites
nex:adb Adnams
nex:shep Shepherd Neame

They all seem to be sliding down together. I see the pub business as quite resilient. Thwaites now just has a micro brewery but the other two still brew beer commercially. I wonder if the market thinks they are just too small scale. Too big for the tax breaks of a micro brewer too small to compete with the global brewers. Fullers (FSTA) recently sold the Grffin brewery to the Japanese.

Could also be a liquidity issue. These are unquoted businesses you can only buy and sell on the Nex exchange. All three are family controlled so no chance of a takeover.

I hold a few of each of these based on asset value, but it's been a poor strategy over the last few years. I'm just a penny punter.
Daniel Thwaites share price data is direct from the London Stock Exchange

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