Capital Pub Share Discussion Threads

[paved] 01/2/2008 11:11

David Bruce delivered a superb presentation!

I have no doubt on the ability of the management to deliver and see the current climate a buying opportunity for CPUB.

[tooredtobleed] 01/2/2008 10:57

Looks like some people were impressed with the presentation, long time since it has stopped going down...

[andy] 30/1/2008 00:55

Well here is an excellent opportunity to go and speak to management in a social atmosphere, and discover their plans for turning the share price around!

Well worth attending in my opinion!

[aim_trader] 27/1/2008 14:27

Is anyone going to the presentation on thursday night?

[d6529] 23/1/2008 12:02

The Capital Pub Company will be presenting in London on the 31st January, at the Chesterfield Hotel, Charles Street, Mayfair.

Attendance is FREE.

There is a refreshment and networking event afterwards, where you can meet management and other private investors, and canapés and complimentary drinks are served.

The nearest tube station is Green Park, which is a short 5 minute walk, and a little further away is Bond Street, on the Central Line.

Registration is free, and you can register by clicking the link below;

[d6529] 23/1/2008 12:00

Meet the management over a free drink!
==============================================


The Capital Pub Company will be presenting in London on the 31st January, at the Chesterfield Hotel, Charles Street, Mayfair.

Attendance is FREE.

There is a refreshment and networking event afterwards, where you can meet management and other private investors, and canapés and complimentary drinks are served.

The nearest tube station is Green Park, which is a short 5 minute walk, and a little further away is Bond Street, on the Central Line.

Registration is free, and you can register by clicking the link below;

[aim_trader] 21/1/2008 19:17

• The Company was launched under the Enterprise Investment Scheme in 2001 by David Bruce, founder of Bruce's Brewery and the Firkin pubs, and Clive Watson, previously Finance Director of Regents Inns PLC

• Significant institutional shareholders in this AIM-listed Company include Artemis, Brewin Dolphin, Chrysalis VCT, Fidelity and Rathbones

• Its portfolio comprises 27 quality, free-of-tie, liquor-led, primarily freehold, managed pubs in London

• All but 3 of these freehouses are freehold, thereby providing strong asset-backing.

• Fixed assets are valued at just over £75m.

• 18 of its 27 free houses acquired in the last 2 years

• Basic Net Asset Value per share of 187p (fully diluted 178p)

• Progressive dividend policy

• Corporate strategy is to double the size of the estate in the next 3-5 years

[aim_trader] 18/1/2008 15:32

Proactive Investors One2One Forums

Thursday 31st January 2008

The Capital Pub Company will present for 40 minutes with 10 minutes of Q&A to follow. After the presentations are complete the directors will be available to take questions during a free canapé and wine reception.

5:45pm for a prompt 6:00pm start at the Chesterfield Mayfair Hotel 35 Charles Street, Mayfair, W1J 5EB Click here for a map of the venue

[tooredtobleed] 28/9/2007 09:15

assume the shares are being hit by property values falling at the moment, another acquisition just done, Puzzle Pubs for 5.75 million financed by new debt.

[aim_trader] 19/9/2007 10:25

I'm thinking of picking a few of these up. Look's like it could be an indefinite take over target to me.

[aim_trader] 19/9/2007 10:24

Nice article on proactive today:

Clipping ".....With this strict acquisitions policy, it will come as no surprise to readers that full year results for the year ended 31st March 2007 showed turnover up 47% to £14.22 million, pre-tax profits up 41% to £1.64 million and earnings per share up 23% to £7.14. What is more interesting is that, in 2006, gross margins increased from 68.6% to 69.9% and operating margins increased from 19.3% to 21.8%, vindicating the company's convictions that it can improve operational performance of the pubs it acquires."

Impressive.

[aim_trader] 19/9/2007 09:55

"We are extremely excited to have disposed of the three freehold outlets which have never made more than a 5% capital return. With our gearing now reduced to 82% we are looking forward to investing in new acquisitions which will produce our minimum required 12% return of investment. We are naturally delighted to have proven that the market value of the disposed asset relates closely to the 182p NAV per share."

David Bruce, CEO of CPUB, 1st February 2008





• The Company was launched under the Enterprise Investment Scheme in 2001 by David Bruce, founder of Bruce's Brewery and the Firkin pubs, and Clive Watson, previously Finance Director of Regents Inns PLC

• Significant institutional shareholders in this AIM-listed Company include Artemis, Brewin Dolphin, Chrysalis VCT, Fidelity and Rathbones

• Its portfolio comprises 27 quality, free-of-tie, liquor-led, primarily freehold, managed pubs in London

• All but 3 of these freehouses are freehold, thereby providing strong asset-backing.

• Fixed assets are valued at just over £75m.

• 18 of its 27 free houses acquired in the last 2 years

• Basic Net Asset Value per share of 187p (fully diluted 178p)

• Progressive dividend policy

• Corporate strategy is to double the size of the estate in the next 3-5 years



"Targeting freehold pubs allows the company to obtain debt financing underwritten by the company's strong net asset backing and revenue generation capacity – a business model based on a virtuous circle of growth with minimal risks of shareholder dilution."

[tooredtobleed] 12/9/2007 13:55

latest rns says trading for two months since the smoking ban has not been affected and is on target. Excellent news!

[tooredtobleed] 20/7/2007 04:48

Weatherspoon's food sales increase gives some aid to the sector, same as CPUB hopefully plus those neat outdoor areas already in place for smokers. May be tempted to buy a few more...

[tooredtobleed] 19/7/2007 17:45

Just bunged a small stake in, money from past profits at somewhat dodgy Georgica (GGA), debt is high but so are the freehold assets. Expect periods of dead trading interspersed with quite strong highs and lows if GGA is any guide to AIM based sector. So strong stomach essential!

[upside potential] 18/7/2007 15:30

to be fair, recovering quite nicely here

[u813061] 18/7/2007 15:28

Pub Company PLC said its full-year
pretax profit, excluding flotation charge, increased to 1.647 mln stg from 1.165
a year previously.
The owner of 23 pubs in Greater London, which listed on AIM in June, said
turnover increased 47 pct to 14.22 mln stg for the year.
The group also announced the appointment of David Kenyon, company secretary
and head of finance, as finance director.
Capital Pub Co said it has acquired two pubs since the year-end on March 31
and said it intends to add to its portfolio of free-of-tie, freehold managed
pubs.
It said that trading has been in line with expectations since year-end.
Capital Pub Co said it is well-prepared for the smoking ban, with a number
of pubs offering high-quality food. It added it is looking forward to major
sporting events, such as the Rugby World Cup this autumn, making a positive
impact.
It declared a dividend of 3.0 pence, up 50 pct.


The more debt the company has the fewer shares there are in issue which is good for holders of equity. Strong asset backing behind the debt.

[paul140352] 13/7/2007 15:46

Looks over-borrowed, and due to smoke ban in the wrong place at the wrong time.
May be a decent short.

[u813061] 28/6/2007 09:30

Results on 12th July.

[upside potential] 26/6/2007 20:08

the level of co. debt and the way it is structured is a little concerning. 15 million i recall is fixed at rates approx 6 - 7 % and the balance (18-20 million approx) is at floating (mkt) rates. whilst sales and leasebacks are prob likely going fwd (to reduce debts), the co. needs to find alot of readies just to meet the debt (interest) obligations. I like (for what it is worth) the look of mg'ment (experience etc) and will give them the benefit of the doubt managing this goind fwd. but i am not surprised the stock has done little thus far post float. for me it appears a medium term tuck away for AIM IHT relief purposes.