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CPUB Capital Pub

232.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capital Pub LSE:CPUB London Ordinary Share GB00B03QJ181 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 232.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 232.50 GBX

Capital Pub (CPUB) Latest News

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Capital Pub (CPUB) Discussions and Chat

Capital Pub Forums and Chat

Date Time Title Posts
07/9/201210:57Capital Pub Company: property company that sells beer and food?363
20/6/201109:39The Capital Pub Company - fancy a pint ?39

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Capital Pub (CPUB) Top Chat Posts

Top Posts
Posted at 07/9/2012 10:57 by ferrism
Thanks for the info, ditchsid. I missed the first offer as it was oversubscribed days before my application arrived. This time I can see the cheque has been cashed so I must have got them .... and at the bargain 100p price!
Thanks again and good luck.
Posted at 02/9/2011 16:46 by ferrism
Thanks davidosh. That's another one to look at. Looks like you did well to get them at 16p. I spoke to the registrars today and they confirmed they issued cheques today for the CPUB shares.
Posted at 31/8/2011 14:28 by davidosh
If you like asset plays I will be moving about 30% of my CPUB into INL as the results are in five weeks and should be enough to move the share price back up past 20p at least IMO. The real NAV there must now be past 30p and if the DGV assets were on balance sheet it would probably help with clarity re the true NAV. I just purchased a few at 16p which I consider cracking value on a two year view. At that level I will be a serious buyer for next few weeks if they stay there. The AGM will be in November so a chance to meet the excellent management too (Ex heads of Country and Metropolitan where shareholders did very well)
Posted at 30/8/2011 21:30 by ferrism
Davidosh, maybe we could do worse than look at the buyers of CPUB. Greene King have a good track record on dividends and don't appear to be risking cash balances in paying them. Outside the sector I'm thinking of increasing my VOD holdings. It depends if the Verizon dividend is likely to be ongoing.
I had a quick look PSPI. I have to admit that the (lack of) dividend cover did send a shiver down my spine but I'll try to keep an open mind!
On a practical point, if you don't object, would you mind letting me know when you receive the cash for the takeover? I'm abroad so I'd like to know when to expect UK delivery. Thanks in advance. FM.
Posted at 25/7/2011 17:55 by ssords
Anyone out there know - what is our position now -do we get new shares in revised co set up, will our sharers be bought out - what. Meanwhile price seems to be holding up.
ssordsd
Posted at 19/7/2011 17:15 by apad
Maybe I'll buy more GNK with the money my GNK is paying for my CPUB.
Sigh!
apad
Posted at 17/6/2011 16:32 by jeffian
Shanklin,
"I don't see what FSTA get from buying CPUB."

There is huge competition among the former regional 'integrated' brewers to build their quality Managed estates. Youngs have just bought Geronimo Inns comprising 26 London freeholds. They paid £60m reflecting a multiple of 9.8x EBITDA but this is expected to fall to 7.3x 2011 EBITDA on the basis of new pubs coming onstream which weren't reflected in current year's figures. Greene King have bought several tranches of pubs from Punch Taverns. Last batch of 4 was at 7xEBITDA
Marstons have gone down the road of building new food-led pubs from scratch on out-of-town locations with good parking (e.g. retail parks etc.). They're building 60 in total targeting 6.7x EBITDA. Assuming CPUB are heading for EBITDA around £6.75m in the results to be announced next week, FSTA's bid of £2/share equates to £54m for 34 London freeholds which is 8xEBITDA with presumably more growth to come from the recently acquired pubs. It is an opportunity to add a quality London estate at a reasonable price.
Posted at 17/6/2011 16:17 by sleepy
David - many thanks for organising the Mello evening which I found very interesting.
Anyone here know who the big CPUB shareholders are?
Posted at 17/6/2011 15:59 by shanklin
David

As discussed, I don't see what FSTA get from buying CPUB. I'm sure they can run most pubs less well than CPUB... so, if its a hostile bid and management do not join FSTA, it would not seem to be of great benefit to them.

And, if I were one of a number of entrepreneurs driving CPUB forward, there's no way I would want to get caught up in a much larger group.

So, either:
- extract as much money as possible from FSTA and CPUB management just start doing the same thing again in a new company
- tell FSTA to go away and carry on growing CPUB

Obviously the latter is made more difficult by the fact that management don't control the shareholder register.
Posted at 27/4/2011 10:12 by davidosh
The update from Greene King today looks very positive for CPUB.

They have made an acquisition which make the share price look very cheap too..

Acquisition



In line with our strategy to expand and improve the quality of our Retail estate, we are pleased to announce the completion of the acquisition of Realpubs for a total consideration of £53.1m. Realpubs currently operates 14 premium London pubs, of which all but one are freehold, and their offer is a well developed and highly successful one, targeting the premium, pub dining customer within London. The acquisition is being funded by our existing bank facility.



These are large, highly profitable and well invested sites with forecasted average weekly turnover of £24.5k in 2011 and forecasted average EBITDA per site of £450k. The implied forward EBITDA acquisition multiple is 8.4x. Food is currently 33% of sales and growing strongly, with around half of all sales being driven by customers coming to eat in the pubs.



Malcolm Heap and Nick Pring, the two founders of Realpubs, have been retained for a minimum of two years. They will become part of the Retail management team helping to spearhead our growth and offer development in London, including the conversion of a significant number of existing Greene King pubs to the Realpubs premium urban local concept, and within the premium segment on a national basis.



Rooney Anand, Greene King chief executive comments:



"Driven by our clear and consistent strategy of delivering excellent customer value, service and quality, trading at Greene King has been strong and as a result, we remain confident for the outcome for the year. We continue to supplement strong underlying organic growth with targeted, value-creating acquisitions to accelerate our strategic aim of growing our Retail business to around 1,100 pubs and building the best Retail estate in the UK.



We are excited by today's acquisition as it fits well with our strategy, by further strengthening our London presence and accelerating the development of our premium pub offer. The addition of Realpubs takes the total number of Greene King sites within the M25 to 217 and positions us strongly ahead of, during and after the Olympics in London in 2012, when London and its pubs and restaurants will be visited by tourists from across the world."



That is a heck of a price per pub they have just paid out ! Nearly £4m per pub and the revenue per pub is only 15% higher than the level of a CPUB once it is refurbished and in first full year. The EBITDA per site is £450k. I wonder how that will compare in the finals in June ? I think CPUB will have had a fabulous April trading period.
Capital Pub share price data is direct from the London Stock Exchange

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