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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| City Pub Group Plc (the) | CPC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 139.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 139.00 | 139.00 |
| Industry Sector |
|---|
| BEVERAGES |
| Top Posts |
|---|
Posted at 17/11/2023 20:22 by darrin1471 Youngs looks a better run company and should be able to extract profits from the CPC estate judging by past performance.Will Youngs sell, keep or buy the 53% Mosaic Pubs stake. A single head office should significantly reduce overheads. There may be some weakness in YNGA as value investors sell stakes acquired in takeover of CPC. Its worth looking at Youngs YNGN non voting shares for value. |
Posted at 16/11/2023 14:26 by darrin1471 Thats unlucky Novision. Funny considering your profile name.Well done all holders. CPC said in September interim results that "Net Asset Value is c.155p per share" and they sold today for 145p a share. |
Posted at 16/11/2023 10:07 by lindowcross A good deal for Youngs as well as CPC. I'm glad I kept buying during dark days of the pandemic. I will end up with a modest profit if the deal completes on similar overall prices for Youngs as now |
Posted at 27/9/2023 10:13 by darrin1471 Profits on freehold pubs would be losses if they had to pay rent or interest was payable on the valuation of the property. CPC are buying a loss making group of pubs where a family member holds a chunk of shares.CPC think there will be opportunities to expand as bargains appear in the sector but don't consider the falling value of their own loss making pubs. Falling city office rents and valuations have to trickle through to lower retail and pub valuations in those localities. Hold no position and happy to hear an opposite view. |
Posted at 27/9/2023 09:34 by apad Here are my comments on another board."CPC are continuing to buy shares for cancellation in the market. My recent purchases are looking good and the buyback provides a floor. Management have built and sold a pub business before. This business has none of the legacy issues of the industry and has been able to hoover up real assets at depressed prices. It's a jewel in an out of favour sector." Your prediction of 'nearer 100p' is entirely rational, but people aren't buying shares and until the general sentiment changes a fairer valuation won't happen. In the meantime the buying opportunity is a gift that keeps on giving. apad |
Posted at 27/9/2023 09:29 by apad Plenty ot time for your ankle to mend, W13Ken.....back to the pub crawl. 😊apad Reminder: "I work in the City of London so it was about time that I'd start taking a closer look at City Pub Group's 16 London pubs. It's a tough job... First off I peeked in at Daly's Wine Bar on the Strand. It was on the quiet side but most customers were eating. This was at about 2pm on a Thursday so I'll revisit after work on another occasion. Next was The Nell Gwynne, a tiny characterful pub dating back hundreds of years that serves a number of real ales. It's just around the corner from The Adelphi Theatre on the Strand and although it was pretty busy with tourists, it doesn't take many to fill it. Finally for today I stopped for a drink in the Bow Street Tavern opposite the main entrance of the Royal Opera House in Covent Garden. This was my favourite place and there was a good mix of people eating and drinking. There are are 3 floors upstairs but going was temporarily discouraged due to a private function and renovation work on the first floor. I had a chat with Charlotte, who was running the pub and she kindly let me take a quick look upstairs after I mentioned I was a CPC shareholder. There are loads of nooks and crannies to explore on the other floors and a couple of nicely decorated function rooms (one of which was occupied) and a small roof terrace. It's a really appealing popular place with good beer and it gets the Opera crowd in the evenings too. I asked whether Clive Watson ever visits and was told that he does and it's a good morale boost for the team. There are a couple of other pubs that I'll visit in the coming weeks but good first impressions today. London was buzzing today so I'm optimistic for the half year results near 21st September and expect the shareprice to be nearer 100p than 85p after them." |
Posted at 12/9/2023 12:24 by w13ken Parked at the moment Apad as I've done my ankle in. I'd like to say it was a during a cage fight but it was just a pot-holed pavement in Farringdon.Will get back to it in time. Looks like many of the pubs are showing the Rugby World Cup, which would seem to fit in well with the demographic of the CPC pubs and should be good for business. |
Posted at 25/8/2023 00:33 by w13ken I work in the City of London so I thought it was about time that I'd start taking a closer look at City Pub Group's 16 London pubs. It's a tough job...First off I peeked in at Daly's Wine Bar on the Strand. It was on the quiet side but most customers were eating. This was at about 2pm on a Thursday so I'll revisit after work on another occasion. Next was The Nell Gwynne, a tiny characterful pub dating back hundreds of years that serves a number of real ales. It's just around the corner from The Adelphi Theatre on the Strand and although it was pretty busy with tourists, it doesn't take many to fill it. Finally for today I stopped for a drink in the Bow Street Tavern opposite the main entrance of the Royal Opera House in Covent Garden. This was my favourite place and there was a good mix of people eating and drinking. There are are 3 floors upstairs but going was temporarily discouraged due to a private function and renovation work on the first floor. I had a chat with Charlotte, who was running the pub and she kindly let me take a quick look upstairs after I mentioned I was a CPC shareholder. There are loads of nooks and crannies to explore on the other floors and a couple of nicely decorated function rooms (one of which was occupied) and a small roof terrace. It's a really appealing popular place with good beer and it gets the Opera crowd in the evenings too. I asked whether Clive Watson ever visits and was told that he does and it's a good morale boost for the team. There are a couple of other pubs that I'll visit in the coming weeks but good first impressions today. London was buzzing today so I'm optimistic for the half year results near 21st September and expect the shareprice to be nearer 100p than 85p after them. |
Posted at 10/5/2023 14:49 by w13ken Good sentiment carried over from Wetherspoons today as their Q3 TU says "The company expects profits in the current financial year to be towards the top of market expectations."CPC should also do well this year as many of their customers will not be heavily impacted by the financial crisis. |
Posted at 22/4/2023 09:47 by felix99 If you read the statement he is saying the estate was independently valued at £150m in March 22. So basically the uplift is not on the balance sheet - it is the hidden value.Property assets are in at roughly £99m and right of use assets ( leased pubs ) are in at £17.5m - you then have the Mosaic investments £6m . What exactly is in the Mar 22 valuation is what perhaps needs to be looked at as its not clear if it would include the Mosaic stuff as well. That will become clearer as to me it appears they intend to buy out right the Mosaic estate in the next few months or at least go over the 50% mark ( currently 48% ) at which point all these assets come onto the balaance sheet fully Of course you have to factor in any charge in Value from Mar 22 to Mar 23 for the estate as well. Seems strange they have not revalued for Mar 23 unless they only do it every few years ( presumably when there is a nice uplift to report - yours cynically ) Either way I can smell a lot of hidden value in here - they have big facilities low debt and very good cashflow with a heavy depreciation charge so they are in fine fettle to pick and choose to add to the estate of real quality pubs - when the rest of the industry is struggling with lots of duff sites. As far as I can see every CPC site should be a top performer Just buy and tuck away imho and wait for the value to come through in share price. If it doesnt then they might take it private is my only fear as they have plenty of property assets to leverage a buyout on . I think this should be trading nearer £1 easily to sell. |
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