Enterprise Inns Share Discussion Threads

[mechanical trader] 19/12/2012 08:19

19 Dec Enterprise Inns PLC ETI Deutsche Bank Buy 0.00 97.25 135.00 135.00 Retains

[muscletrade] 19/12/2012 07:55

Deutch bank retains their buy rating and 135p target this morning. Not quite sure why as they only upgraded on 3rd December but what do I know.

[mechanical trader] 18/12/2012 13:37

Indeed indeed. And still so cheap.

[rathlindri] 18/12/2012 10:53

Looks good this morning.

[shrewd_n_sharp] 14/12/2012 09:52

Thanks for that, mechanical trader. In thread 793 I pointed out that:

1. I expected revenues to fall by 5-8%. S + P 1have gone for 5%
2. Portfolio selloffs to be about the same rate of 5%. S + P also said 5%
3. I expected profits to be up to around £55m. S + P pencilled in £50m. Close!

In thread 795 I pointed out that headroom on covenants were tight and it seemed S & P have now said the same in that as the estate falls the headroom is now getting limited. Would be good to see if estimates from brokers are abound so I'll dig around. Either way it seems profits have at least stabilised and even growing a little if forecasts are correct.

[muscletrade] 13/12/2012 14:54

Thanks CR. S&P a little late to the party but that is hardly unusual. The 2018 bond inparticular has been rising steadily for quite some time. Anyway every little helps.

[cockneyrebel] 13/12/2012 12:25

Full article on Dow Jones

CR

[cockneyrebel] 13/12/2012 12:24

S&P upgrade ETI debt outlook from negative to stable:


The operating performance of U.K. pub operator Enterprise Inns PLC
(ETI) is stabilizing, while the company continues to reduce debt through asset
disposals.
-- In addition, in 2012, ETI reduced liquidity risks by refinancing part
of its bank facility that expires in 2013 and by prepaying and cancelling
bonds at its Unique Pub Finance Co. PLC (Unique) securitization. ETI is now
more than one year ahead of the Unique amortization schedule.
-- We are therefore revising our outlook on ETI to stable from negative
and affirming our 'B' long-term corporate credit rating on ETI and our 'BB-'
issue rating on the senior secured bonds.
-- The stable outlook reflects ETI's improved liquidity position, our
forecast of a slowdown in the decline of its revenues and earnings, and its
ability to generate positive free operating cash flow.

[mechanical trader] 12/12/2012 10:17

12 Dec Enterprise Inns PLC ETI Numis Buy 97.00 98.25 110.00 110.00 Reiterates

SP TARGET 110p.

[muscletrade] 12/12/2012 09:15

Numis have reiterated their buy rec'n this morning. Target 110P

[scburbs] 10/12/2012 21:08

I have sold 1/3rd of my position today. Having purchased in the 40's it seems sensible to take some profit, but momentum for further upwards movements is looking very strong.

Kab6, No they didn't say that. They may have said that bank debt would be paid off, but the majority of the debt is not bank debt. If they have a target of 140p then that is a pretty good bull case.

[kab6] 10/12/2012 21:00

Didn't Morgan Stanley say that debt might be paid off in 2015 - if so thats quite a big bull case

[mechanical trader] 10/12/2012 08:04

Upgraded....

10 Dec Enterprise Inns PLC ETI Morgan Stanley Overweight 93.50 93.50 75.00 140.00 Upgrades

[cockneyrebel] 10/12/2012 07:38

0736 GMT [Dow Jones] Morgan Stanley upgrades Enterprise Inns (ETI.LN) to overweight from equalweight and raises its price target to 140p from 75p, as it sees the shares getting re-rated further upwards, with LFL income stabilizing and the debt level becoming more manageable. It says Enterprise shares have enjoyed a strong run from their lows, which fairly reflects the progress made on the balance sheet and towards a stabilization of trading. It adds the risk of a credit event has materially receded. Shares closed Friday at 94p.([e-mail])

[muscletrade] 10/12/2012 07:17

Thanks matt, noticed the upgrade from MS to overweight and PT up to 140P.
Interesting they upgrade to overweight rather than than to strong buy given a nearly 87% increase in the PT.

[matt123d] 10/12/2012 06:58

*ENTERPRISE INNS PT RAISED TO 140P VS 75P AT MORGAN STANLEY

[mechanical trader] 07/12/2012 07:47

ETI ENTERPRISE INNS

Chart looking in fine fettle,
lower indicators pointing to
more upside...

[mechanical trader] 07/12/2012 07:45

Yes true, will do Muscles cheers.

[jeffian] 06/12/2012 19:42

Indeed. I'll be happier when they restore a dividend (which should help the share price further!). It's all very well claiming 285p/share NAV; it's unlocking that value that's the trick!

[shrewd_n_sharp] 06/12/2012 19:31

Got to be happy with the share price rises then!

[jeffian] 06/12/2012 19:28

Mainly equity but I do have a chunk of the 6.875% 2021 for income (got to have something to make up for no divi. Can't live on air!). I dallied with the 2018 when it was in the high 70's thinking it might go cheaper, but look where it is now!