Enterprise Inns Share Discussion Threads

[shammytime] 22/4/2009 08:53

Couldn't agree more - got myself a load at 102.75. This will finish the day at 110 easy.

[cockneyrebel] 22/4/2009 08:31

load up imo, short term mark down on broker note - that soon get's ignored and then away we go again imo.

Probably some scummy note to talk the price down before the budget and allow clients in.

CR

[themoocha] 21/4/2009 11:22

I spent last week in the Lakes pubs chocca block and the same here in Yorkshire.

Nice divi at ETI as well.

Regards

TM

[cockneyrebel] 20/4/2009 20:06

Short term volatility themoocha - I guess a few traders think they'll skim out ahead of the budget - but seeing a tax rise is already expected it seems to me that the budget surprise is more likely to be no tax rise - or else you get as expected.

Pubs are full around here, I have one 400 yards away, pub/restaurant - it was packed to the rafters lunchtime, cars parked out on the grass - that's a Monday - if it's sunny Thurs and Friday they will be doing a ton of trade. Before you ask it's a Vintage Inn, part of MAB.

CR

[themoocha] 20/4/2009 16:53

CR - breakout - more like breakdown - not like you to get it wrong

Regards

TM

[fl4nders] 20/4/2009 11:13

Does the share price of the likes of ETI and PUB usually react to increase in beer prices with the budgets?

[cockneyrebel] 20/4/2009 08:32

Pubs full round here at the weekend - sunshine and footy - bet like for likes with last year's carp weather are starting to look good - especially if we are staying in the UK more

CR

[cockneyrebel] 17/4/2009 13:43

Breaking out through resistance - 144p-160p next stopping point imo.

CR

[jeffian] 17/4/2009 10:35

Oh how I wish I had done the same! Never mind my ignorance of charting, actually the fundamentals (trading at PER 18x forward earnings) were yelling it had gone as far as it could go, and I even admitted as much on another thread, but I made the fatal mistake of being sidetracked by peripheral issues. One was the potential conversion to REIT status which would have significantly boosted the dividend and the other was the substantial CGT and the announcement of its reduction to 18%. In my mind, I could see it settling back to a market-average 14x eps but sub-40p............?! Ah well, easy come, easy go!

Regards, Ian

[pilkington] 17/4/2009 09:16

Ian,

I am sure you are correct for the medium to longer term.

I sold out here in January 2007 on chart signals. I bought back in briefly in the summer of 2007 before getting out a few weeks later and staying out. I wish I had done the same on several other shares including one in particular (BPRG/MDX) where I fully believed the fundamentals even when the chart told me there was a problem.

I am now considering buying back here and looking for the optimal moment.

Expectation of what is to come next month may determine whether the break out is now at 130 or in a few weeks time after a retrace.

I am no longer sufficiently confident in the overall market just to buy and hold for the long term on any share.

Good luck

[jeffian] 16/4/2009 17:53

I don't know about charts, pilkington, but I would have thought the near-term driver of share price action is likely to be the Interim statement on 12/5. 2 key issues will be covered in that statement - impact of lower barrelage and 'tenant support' on Gross Profit and whether/what divi. Better-than-expected news on either could kick it on to the next level.

Regards, Ian

[pilkington] 16/4/2009 12:51

130 resistance is the key. Break that strongly and off it goes.

Fail to do so and it could be all the way back to around 80 (before bouncing again)

[fxdealer3] 16/4/2009 09:45

£1.50 plus is next hurdle then £2 plus iMHO

[spob] 16/4/2009 06:16

What price at the top of this thread ? ..... errr 150p

What price did it hit after that ?

LOL

[jeffian] 16/4/2009 01:00

Maybe, spob. Or, looking at your opening posts, you could just have got it hopelessly wrong?

"Help me out here, coz i'm just an amateur"

Many a true word..............

[spob] 15/4/2009 23:07

dash for trash

[risk1] 15/4/2009 22:46

scoby

whats up with advfn today??


loads of threads missing??

tia

[scoby doo] 15/4/2009 22:35

looking good my most profitable share however only £1,260 invested but +121.8% = £2,796 in 5 weeks

[fxdealer3] 15/4/2009 22:24

Break of £1.40 tomorrow signals a push towards over £2 short term

[narindg] 15/4/2009 08:23

crazy share could have bought it at 58.5 this morning for a few seconds

[cockneyrebel] 15/4/2009 07:56

MARS say trade improving.

CR

[cerrito] 10/4/2009 09:42

Jeffian
I have no logical answer to your question; it is just the way my portfolio is constructed and the risks I am comfortable taking and I have not sold down my small holding in the shares.
That is what makes a market
I would counsel against you reading too much into the bond prices as it is such an illiquid market

[bonzo1] 09/4/2009 12:47

20% rise again today - something afoot! to think these were 40p only weeks ago - read an article mentioning them in city AM stating they were cheap at 50p, this and Punch Taverns. Both have so much recovery potential.

[jeffian] 09/4/2009 11:15

Cerrito,
I don't know the answer to your question but I have been keeping an eye on the bonds, if only as a signal of market sentiment as to whether the co is about to go bust or not! The collapse in bond price in Jan 09 heralded the low point of the shares and the sharp recovery in the bonds recently signalled the breakout from the 50p range to where we are now. My question, however, is this: if you think ETI will survive, why buy the bonds when you can buy the shares? Bonds = maximum 100% gain to redemption and a 20% yield. The potential gain in share price is not only considerably greater but I suspect the yield will not be bad either as there must be a chance that the company will continue to pay some, if reduced, dividend.

Regards, Ian