City Pub Share Discussion Threads

[sharetalk] 27/4/2022 10:03

Intention to resume dividend payments in September, a freehold estate valued at £150m (almost double the MCap) and just £2m debt. Should be over 200p.

[qs99] 27/4/2022 09:53

Indeed, 2021 high was around £1.40...2022 high over £1.10, so yes, at 83p on the offer, looks v. odd given such a positive update IMO...>DYOR

[slimjim1] 27/4/2022 09:50

Looks mispriced

[qs99] 27/4/2022 08:42

Actually given that update, have bought some more. No reason IMO / DYOR that this should not be over £1....let's see...

[oapknob1] 27/4/2022 08:36

25k blocks look to be buys?

[qs99] 27/4/2022 08:19

Have also bought some. Now looks an odd price, with almost no net debt, good facilities to buy more, UK fully open, EBITDA on the rise. DYOR

[sharetalk] 27/4/2022 08:11

CPC27/4/2022Dividends"The Group is now in strong financial position and the Board believes that shareholders should be rewarded for supporting the business through the last couple of very challenging years. The Board therefore plans to reintroduce dividends on a progressive basis with the current intention being that this will accompany the interim results in September."

[oapknob1] 27/4/2022 07:04

We are emerging from the pandemic in the strongest financial position that we have ever been in and therefore have signalled our intention to recommence dividends in the autumn.

[w13ken] 26/4/2022 11:12

Bought in Trading at 76.88p this morning to supplement ISA investment (avg 101p). I've been wrong before but can only foresee a rise tomorrow as the future looks bright.

[w13ken] 24/4/2022 23:47

The RNS should be correct. This is for results up to 26th Dec 2021 but we should be told how 2022 is going and that should be very positive judging by how busy the pubs are and how the sale of those 6 pubs will benefit our bottom line. I'm hopeful we'll hit 3 figures again by the summer.

[alan@bj] 24/4/2022 21:25

According to the “week ahead” email from LSE this evening, the final results are being announced on Tuesday, but the RNS giving notice of preliminary results states it will be Wednesday.

[oapknob1] 13/4/2022 18:34

Going by last trading statement hopefully sooner.A more formal exercise through independent valuers recognising our 90% of invested freehold based estate will be reported on at our full year results in April.

[novision] 13/4/2022 17:22

update next month hopefully. Dirs had a property NAV of 150 ps in Jan to be validated in April - be interesting to see how that has moved.

[oapknob1] 13/4/2022 16:08

Peel Hunt must be locked n loaded.

The City Pub Group (LON:CPC – Get Rating)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 160 ($2.08) price target on the stock. Peel Hunt’s price target suggests a potential upside of 96.56% from the company’s current price.

[km18] 15/2/2022 18:03

...from last month...

City Pub Group plc is involved in the operation of premium pubs across England and Wales. The firm’s pub estate comprises fifty pubs in London offering a range of drinks and food to customers. Considering growing customer orders and reservations to eat outdoors, the company’s revenue soared 38%, to £35.4m in 2021, from £25.8m in 2020. Consequently, it implies that the group’s financial position has continued to strengthen with net debt reduced below £14m. Despite the plausible corporate news, City Pub Group plc is undervalued with a P/E ratio of 17.9x, below above consumer discretionary P/E ratio of 32.1x, thus the security is expected to surge in value....from WealthOracleAM

[jeffian] 08/2/2022 15:33

Pubs are rammed in London.

[wad collector] 08/2/2022 14:31

As Omicron moves down the News agenda , now would seem a time to see a bit more optimism about pub footfall, but the share price seems to be arguing otherwise. I guess there are a lot of punters who in the last 2 yrs have got into different habits and are not yet ready to return to crowded bars. I wonder how many will never get back in the habit.

[jeffian] 31/1/2022 10:27

No need to "wonder". You can easily check it out for yourself.



The split between property and F&F is shown in Note 7.

[trcml] 31/1/2022 10:09

wonder how the directors have arrived at £1.50 ps nav? have they for example included operational fixtures and fittings?

[qs99] 28/1/2022 09:56

will take a look here, am in Revolution Bars which I think has not really reacted to the reopening as City Pubs has .....the NAV here looks tasty! DYOR

[playful] 20/1/2022 07:12

My favorite comment...

The Group is pleased to report that following a valuation by the directors, the pub portfolio returned equivalent of 150p net asset value per share.

[lindowcross] 29/12/2021 08:18

Not finished, unless flood, famine, plague, war etc, permanently stop people enjoying a lunch-time drink or an evenning in the pub. Just interupted: hence the January sale price of the stock.

[abarclay] 08/12/2021 20:51

no office parties

finished

[lindowcross] 02/12/2021 08:27

I topped up with a modest tranche yesterday. I'm guessing currently the price just reflects the net value of the property (or less than that), leaving the actual pub business valued at nothing.

[charlie9038] 11/10/2021 09:21

mms buying today