Bluwater Bio Share Discussion Threads

[skyship] 31/5/2002 11:34

Buying in those 94 pubs for £16.9m looks like an excellent & entirely logical deal. I am particularly pleased to see their attitude to debt in the funding of the acquisition (as per my Post No.17). This should ensure that run to 300p as projected by Bill Adlard.

[8 ball] 29/5/2002 18:30

Scotsman article

Burtonwood brews up a healthy profit


REGIONAL pubs group Burtonwood Brewery reported a 9 per cent rise in underlying profits, driven by strong trading from its 448-strong tenanted pubs estate. The group said the estate, which was boosted during the year with the acquisition of 13 pubs, performed "exceptionally well". Rents and the sale of its drinks to tenants were up on the previous year, Burtonwood said, helping pre-tax profits before one-off items for the year to 30 March rise 9.3 per cent to £7.9 million. The company said that of its managed pubs, most increased profits. Of three disappointing houses pinpointed six months ago, it had transferred one to its tenanted estate, while the other two had stabilised. Burtonwood's portfolio of ales includes Burtonwood Bitter, Top Hat and Buccaneer.

[8 ball] 29/5/2002 12:33

Results look to be good.

LONDON (AFX) - Burtonwood Brewery PLC year to March 30 2002
Sales - 47.95 mln stg vs 46.70 mln
Pretax profit before exceptionals - 7.9 mln stg vs 7.2 mln
Pretax profit - 7.68 mln stg vs 7.21 mln
Operating profit - 9.4 mln stg vs 8.7 mln
NAV - 405.0 pence vs 390.0
EPS - 26.5 pence vs 27.5
Final div - 0 6.0 pence
Total div - 8.85 pence, up 7.3 pct

I still feel the net asset value is higher than the £4.05p stated.

[lodger] 27/5/2002 10:00

I was in at 230, long term hold.

[skyship] 27/5/2002 09:48

Good break-out, classic pull-back, now moving ahead again ahead of Finals due tomorrow. Chart suggests an encouraging statement & would expect further good progress to around the 270p level. Of course, one can only dream about the family buying the Company in; and with a NAV now likely to be around 440p - a 350p bid would get my vote!

[skyship] 18/5/2002 00:48

Hi Hybrasil - message for you on the DJAN thread

[8 ball] 17/5/2002 19:24

dwnash....

Property prices in the Burtonwood area, have risen by about 15% in the last year.
This would give us a net asset of about £4.50.

The company is almost a property play, rather than a brewer.

[dwnash] 17/5/2002 12:32

I read over a year ago that this share was undervalued when it was 185p, it was said that the NAV., via the property was double that price, and as property values have not stood still, a poss. increase in that again must be envisaged. If you take away a factor that they are in the North west, it must still count..I believe now the markets are taking a view on this one, that the price will move up to the NAV. value sooner than later...DYOR. though..

[stealth117] 17/5/2002 01:29

Morrels (Oxford) just got taken out by Greene King.
Could have been that.

[8 ball] 16/5/2002 22:44

Well the chart looks good having broken thru 2.30.

[hybrasil] 16/5/2002 08:42

No it wasnt tipped anywhere.I went and bought a total of 9500 shares. The shares are totally illiquid. The mms have no stock. I bought because of the comfortable discount to NAV. The shares are excellent value, I believe, at these levels. I never before in any share have moved markets, on a mere £22k.

[stealth117] 15/5/2002 13:40

What the hell is going on with this shareprice ?


Burtonwood Brewery PLC (25p Ords)


-------------------------------------------------------------------------------
Trade Code Trade Time Volume Bid Ask
10207WKI02 245 12:56 1000 240 245
3022A2IA02 243 12:46 710 238 243
30229O7502 227 08:33 453 227 230
10207P6U02 227 08:32 61 227 230
10207D5902 230 08:22 3000 227 230

No company news posted.
Marked up - was it tipped somewhere ?????

[8 ball] 07/5/2002 20:34

A few trades today compared to normal.
Was their a tip over the weekend I missed, up almost 3% today, the chart looks even better.

[worzel] 02/5/2002 20:45

Both.

Sort of.

[8 ball] 29/4/2002 21:36

That's interesting Worzel, are you an employee or like me in the area.

[worzel] 29/4/2002 21:09

Things looking good with the new bottling plant.
Employees advised notttt to sell shares.

[8 ball] 26/4/2002 21:28

Shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. RSI is, however, overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal.

[8 ball] 22/4/2002 22:13

I can see from your chart that the volume as been very high of late.
Looks to be a good sign.
Their must be more than just us two holding here.

[skyship] 20/4/2002 00:32

From a charting perspective this one has been creating a perfect rectangle; and if we see a break through 225p then a good run looks assured. Interesting volume yesterday. Looks to me like one to have for the assets (400p+), for the yield, for the sector and for the chart break-out.

[skyship] 15/4/2002 15:32

Will it....won't it....will it....won't it...!

Personally I think this is about to break through into new ground above 220p; & when it does so it should give us a good run.

The sector is in favour & the Industry consolidation continues. With a pub company's typically high discount to assets (400p+ v. 218p current price), a PER of under 8; and a yield @ 4.0%, it's a safe "Value" bet with some short term upside a distinct possibility as it makes up for 4 month's inactivity.

[8 ball] 01/3/2002 22:34

Although investing in the licensed retail sector is back in fashion, it's the fast-growing, national chains that get most attention. But as the high street operators seek to outdo one another by selling more bottles of Smirnoff Ice to exuberant twenty-somethings, well-run regional operators are making steady progress in more tranquil locations.

What Burtonwood Breweries' estate of 485 pubs lacks in blaring music, brash decor and alcopops, it makes up for in charm and homeliness. Situated across northern England and Wales, the mainly-tenanted inns claim a loyal customer base drawn from the local community.

The tenanted model works well for Burtonwood, as it allows landlords to run pubs according to local tastes. It also provides the group with a steady flow of income from rentals - last year this revenue stream alone rose by 4.5 per cent.

What's more, the tenanted estate provides a valuable distribution outlet for beers brewed by Thomas Hardy Burtonwood (THB), in which Burtonwood holds a 40 per cent stake. As well as brewing its own bitters, THB does contract bottling for other manufacturers. A new bottling plant is due to open and will allow the brewery to tender for large contracts covering international brands.

Overall, turnover from the tenanted estate grew 6 per cent and profits 9 per cent in the first six months of the year. Meanwhile, like-for-like sales rose by a creditable 2 per cent, especially as that figure excludes those pubs revamped in the previous year, where the average increase in sales was a fifth.

Around 10 per cent of Burtonwood's pubs are run on a managed basis, although their performance has not matched that of the bulk of the estate lately. Three units in particular have traded poorly, but management reports that the problems have been largely solved. And, thanks to the installation of an electronic point-of-sale system, profit margins in the managed estate are improving.

Although Burtonwood makes selective acquisitions, it could well make some more ambitious purchases. After all, the group does not carry much debt and might even enhance value for shareholders if it raised its borrowings, especially if it swapped equity for debt and returned cash to shareholders, or just bought in the 10 per cent of shares for which it already has permission.

There is, however, a concern that Burtonwood's assets don't really pay their way. Return on equity last year was just 7 per cent. This helps explain why the group's £46m stock market value is far below the £85m book value of net assets belonging to ordinary shareholders.

Lower tax rebates this year than last explain why earnings are forecast to dip in 2002. Next year, however, City analysts expect 6 per cent earnings growth, rating the shares at less than eight times earnings. That - plus the decent dividend yield - makes the shares a buy for value-orientated investors, even if they are a difficult market in which to deal. Buy.



Ord price: 215p Market value: £46m
Touch: 213-217p 12-month High: 225p Low: 173p
Dividend yield: 4.1%* PE ratio: 8*
Net asset value: 400p Net debt: 28%


Year to Turnover Pre-tax Stated earnings Net div per
31 Mar (£m) profit (£m) per share (p) share (p)
1998 45.1 4.18 13.9 6.30
1999 46.5 4.86 16.6 6.68
2000 47.3 6.34 22.6 7.35
2001 46.7 7.21 27.5 8.25
2002* 47.8 7.90 25.7 8.85
Notes:
*ING Baring forecasts
beta: 0.06
Market makers:3
Normal market size: 500
Last IC comment: 23 November 2001

[8 ball] 23/1/2002 12:12

Weak buy candidate (22 Jan 2002) [Auto] Help
Has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development.

[delrio001] 06/12/2001 02:10

despite the rise in price since january,,this stock is very sound from the fundamental point of view...wish l had noticed it in the under 200s.