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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cains Beer | LSE:CBC | London | Ordinary Share | GB0001579738 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/7/2008 13:10 | Looks very positive: Chief executive Sudarghara Dusanj revealed today he had told bankers that his family would convert £2.56m of loans they made to the firm to fund last June's £37m takeover of Preston pubs group Honeycombe Leisure into new shares. That means rather than expecting a return on their loan the family is injecting £2.56m of its money in a demonstration of their commitment to its future. Sudarghara said: "We put everything we had into the deal last year and we are now willing to convert the loan into shares "It is a new injection of cash which shows that the family is backing the business." | grlz | |
30/7/2008 10:48 | Grlz, i can see your point of view & wish you luck, but you would be better off buying a few Paul McCartney CD's unfortunately he will still be hanging around in a years time. | mr hangman | |
30/7/2008 09:35 | Slightly hysterical responses aside - the fact remains that the group's bankers have continued to actively support CBC so if the plug was going to be pulled it would have occurred last year after it breached its covenants. With the tax issue negotiated - the only question mark is the company's short term funding position, but on the plus side recent trade is significantly up and sales to it's own estate attract higher margins. Risky, but once the banking is confirmed could easily double from this level, hence yesterdays tick up DYOR | grlz | |
29/7/2008 14:52 | Cuckoo clocks Mr Hangman | papillon | |
29/7/2008 10:59 | Griz Thats rich coming from someone who's country is only famous for making Cuckoo clocks & taking a "natural" stance in major wars. But whoopee your trains run on time | mr hangman | |
28/7/2008 21:30 | write off the intangibles and value the plant at sale prices and this shows it's massively insolvent. Expect a £1.00 offer (for the whole co.)if that from the largest shareholder, no value here for the P.I. | still waiting | |
28/7/2008 20:35 | Griz, Would you like to pop over and run the country for us? Cains are dear at any price. | lord c. | |
28/7/2008 17:30 | hangman - we shall see but following up on your point as a swiss national I consider the UK at best a 3rd world nation not entirely dissimilar to how your former african colonies now operate. I do find it amusing that certain cities do ridicule each other while the nation as a whole falls apart, perhaps it would make more sense to use time more productively like for example cleaning hospitals, educating your children or making your public transit systems function - although from what I have seen most of your infrastructure is to far gone to save ;) | grlz | |
28/7/2008 16:56 | Rather you then me grlz, 100% loss is always a 100% loss, don't matter what the upside could be,Don't think you will be "made up" this is not a "sound"investment as i said before, nothing good comes out of Liverpool. | mr hangman | |
28/7/2008 16:40 | Took 2 small positions in this at the close as the brothers Dusanj own close to 84% so they may elect to take the company private for less than a million at today's share price - any MBO over 2.8p makes me money so worth the punt The bank most likely has a PG can't see the brothers Dusanj exposing themselves to that liability when the cost of taking it private is more than covered by the balance sheet. all imho DYOR | grlz | |
28/7/2008 15:18 | Yes i was going to buy into this about a year ago, looked quite good, but as soon as i noticed Liverpool stamped all over it, i walked straight away. Todays events does not surprise me. This company will slip into the dustbin with Sonia & Lisa Tarbuck | mr hangman | |
28/7/2008 15:10 | Company has breached its banking covenants (tucked into the notes) so it's already on borrowed time - it's logical to guess that the company's requirement for an extended overdraft is to (a) maintain the agreed tax settlement and (b) pay the group's payroll - none of which provides comfort as the HMRC will retain the winding up petition/hearing so the plug could be pulled unless the company resolves it's financing in the next couple of weeks. The talk of seeking alternative funding sources looks desperate imho | grlz | |
28/7/2008 14:54 | Just aload of tracksuit wearing bin dippers | mr hangman | |
28/7/2008 14:44 | Nothing good every comes out of Liverpool | mr hangman | |
28/7/2008 10:34 | from the accounts: HM Revenue and Customs have issued a petition to wind up Cains Beer Company PLC in respect of unpaid liabilities, the hearing of the petition to be held on 12 August 2008. Since the issue of this petition the group and HMR & C have reached an agreement for the settlement of the sums claimed. This agreement is subject to the approval of the group's bankers. The group continues to negotiate with its bankers regarding an increase in its borrowing facilities which is required to manage this position and are also considering alternative sources of finance. In addition, certain financial covenants relating to the group's bank borrowings were breached subsequent to the half year period end. The directors believe that the group will be able to reach agreement with its bankers regarding appropriate levels of funding or find alternative sources of finance and accordingly this interim financial information has been prepared on a going concern basis. However, the directors do recognise that there is a material uncertainty related to this situation which, together with the loss reported for the six month period may cast significant doubt on the group's ability to continue as a going concern. A few unknowns going forward - DYOR | grlz | |
28/7/2008 08:35 | Although not a holder just to say recently in Grassington yorkshire dales,a area really dominated by blacksheep, theakstones the rest guests. A popular pub restaurant "devonshire arms" had been taken over by Cains where only their product 5/6 ales, 2 largers were on offer. I liked but locals complained. Never before seen cains in yorkshire let alone the dales. | boxerdog2 | |
27/7/2008 09:58 | rofl, nmf777 | tiredoldbroker | |
27/7/2008 01:18 | "it is understood negotiations between Cains and customs officials are at an advanced stage to pay the disputed bill and halt the legal action." "The customs dispute does not impact on the company's financial position and it continues to trade normally." | adobbing | |
26/7/2008 19:36 | tob, you were right! | nmf777 | |
26/7/2008 17:29 | Who knows, maybe at some point someone might even post to acknowledge that I've been right saying this was a stock to avoid, all the way down. | tiredoldbroker |
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