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THW Daniel Thwaites PLC

78.00
0.00 (0.00%)
06:37:37 - 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 78.00 76.00 80.00 78.00 78.00 78.00 0.00 06:37:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Daniel Thwaites Share Discussion Threads

Showing 76 to 100 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
31/10/2019
09:42
The Thwaites discount applies to the total bill when staying . Must be booked via shareholder booking line.
scotch broth
31/10/2019
08:55
Some holders may be missing out because the discount is only shown in the paper version of the annual report ,not the online version.
scotch broth
25/10/2019
11:17
We stayed at Heysham in the Summer, also very good, and 25% off applied to whole bill.
gfrae
25/10/2019
08:22
We stayed in the newly refurbished Beverly Arms on Sunday night. Very busy, excellent facilities and staff. I am not a shareholder yet but I have been impressed by the 3 refurbished inns/hotels that I am familiar with.Does the 25 percent discount to shareholders apply to food and drink?
david2013
18/9/2019
22:19
Short term, sluggish turnover and increased minimum wage costs ?
Longer term, NAV looks solid enough.

coolen
18/9/2019
09:57
Anyone know why these are languishing at these levels? Anyone out there at all?
timnet
16/7/2019
20:49
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.

scotch broth
18/6/2019
18:48
xiphilinus

I'm not knocking Peel Hotels (PHO). I have a small holding of those as well for the same reason as Thwaites, undervalued assets. The Peel brothers are serious business people.

From the last PHO accounts Peel have 9 hotels in total 2 are 4 star and 7 are 3 star hotels. Thwaites have Inns and Hotels. I think Thwaites have about 7 4 star hotels. Of the Inns they say in the annual report "We operate each of the inns to at least a four AA star and in many cases five AA star level".

On a star rating basis Peel are mainly a 3 star operation Thwaites mainly a 4 star operation. So at least marginally Thwaites is more upmarket.

Perhaps more importantly Thwaites Hotels may have better facilities. A number have swimming pools. They make a thing out of SPA treatments. I'm not sure of the facilities at Peel's hotels.

What the Hotel trade could do with is some decent economic growth in the UK. With some growth would come more corporate events and more people trading up from the ever growing number of Travel Lodges and Premier Inns.

jbfnfn
18/6/2019
15:39
Very good assessment. I was interested in the reference to Peel. More downmarket? I stayed in their hotel in Bradford. It is a very fine building, and a pleasant reasonably priced place to stay. They are trying hard. From their website the other hotels seem fine buildings, though perhaps no longer meeting modern demands, though being a dinosaur I fail to see how. Neither Thwaites nor Peel provide any shareholder perks, and I think they are missing a trick there. We mostly use hotels etc where are shareholder loyalty is rewarded
xiphilinus
12/6/2019
14:34
I havn't seen the pictures but am glad the horses look well !
To be fair, these figures are skewed by the disastrous interest rate options, and underlyng earnings are a bit less than last year, ie eps of 10 or 11, which makes them reasonably priced at 120.

gfrae
12/6/2019
14:04
Trouble is I can not see the shares rising unless bottom line profits/EPS improve.
For perks Greene King are better.25% discount on food and drink at their 3000 pubs.

scotch broth
11/6/2019
19:16
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.

jbfnfn
11/6/2019
16:17
I agree pretty abysmal results. Though I don't think the shares are expensive. The dividend unchanged again and for the last 15 odd years.
Looks like Rik is having fun doing up his posh little hotels. Clearly the business is not run for non family shareholders.

gfrae
11/6/2019
15:05
Looks like mediocre results positively presented.
Last year the AGM was good for hospitality -free bar and upmarket eats; also there is a shareholders hotel discount. Otherwise I would probably sell the shares which I would value at 60-72p.

scotch broth
11/6/2019
12:50
Results for the year to 31 March 2019 available.
jbfnfn
04/6/2019
08:26
jbfnfn,
Today ADVFN is showing 112 to 120, so maybe over the last few days one of the market makers hasnt been putting his prices in. Either way it is still a big fall for no apparent reason.
Likewise, I am also trying to coax some information out. Could well be just a few sellers in a thin market.

gfrae
03/6/2019
18:23
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.

jbfnfn
03/6/2019
16:51
Well I do hope the horses are well.
I am getting the bid and offer prices from ADVFN which currently shows 100 bid and offered at 120, a month or so ago the equivalent was 140 bid, 150 offered.

gfrae
03/6/2019
16:32
gfrae

Good questions. I'm hoping there is nothing fundamental. Maybe one of the horses is unwell.

Where are you getting 100 bid from? Have you done a dummy trade?

Looking at the nex exchange site I see a trade on 17th May at 108.

17/05/2019 15:36 10,000 108

Nothing lower than that since. No trades today.

jbfnfn
03/6/2019
08:48
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 .
gfrae
13/5/2019
12:40
buywell2

The point I was trying to make in the post from the Shepherd Neame thread you have copied across is its hard to make money from the brewing business at the medium scale Shepherd Neame operate.

Thwaites have made the difficult decision to get out of the medium scale brewing business. They sold out to Marstons who brew some of their brands for them. What they have left is a craft/micro brewery and some dray horses. Going forward Thwaites is a pub and hotel company.

One way to make money out of Thwaites is to marry one of the chairman's daughters. Rick Bailey has already thought of that.

jbfnfn
13/5/2019
09:27
You got it THE WRONG WAY ROUND

Should be NEX:THW ........ try again


davebowler
1 May '19 - 17:09 - 73 of 75

Sorry -it doesn't work on advfn - it says 'Symbol does not exist: THW:NEX'





However




jbfnfn
7 Mar '19 - 20:05 - 15 of 15
0 0 0
Small pieces in the business sections of Daily Mail and the Sun about Britain's oldest brewer today. Ironically the Sun's coverage was more accurate mentioning the re-financing.

Youngs YNGA has given up brewing. Thwaites NEX:THW has given up brewing. Fullers FSTA has sold the brewery to the Japanese.

Jonathan Neame, Chief Executive, commented:

...Brewing and brands is still in a period of transition and we are pursuing a number of good opportunities for future growth....

What is the business case for Shepherd Neame continuing to brew beer?

buywell2
13/5/2019
09:02
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.

cjohn
01/5/2019
16:38
NEX:THW see the SHEP thread.
jbfnfn
01/5/2019
16:09
Sorry -it doesn't work on advfn - it says 'Symbol does not exist: THW:NEX'
davebowler
Chat Pages: 5  4  3  2  1

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