Fuller Smith & Turner Share Discussion Threads

[mitzis] 23/11/2006 09:30

Shares mag says buy Fullers today.

[mw8156] 22/11/2006 17:45

Many thanks Dire
Fullers must be the Rolls of brewers as the FT suggested...

[dire straights] 22/11/2006 10:07

Mw8156

Fullers has, post Gales, 360 pubs of which 78% are freehold.

But since the purchase of the Gales estate Fullers has changed tack and is going back to basics by selling the Brigstow and closing the Master Brewer hopefully selling land to Tescos and doing what they do best, running good pubs and brewing great beer.

Yours Dire

[mw8156] 21/11/2006 18:16

Report suggests Youngs has 180 freehold pubs; how many has Fullers ?

[dire straights] 21/11/2006 16:12

Hi Mitzis

Esb too strong for me but if you like a strong drop you should try Golden Pride.

ROCKET FUEL !!!!!!!!!!!!!! ROLL ON FRIDAY should have some idea how the Gales purchase is effecting the bottom line

Yours Dire

[mitzis] 21/11/2006 15:20

Hi Dire..

I prefer ESB its a bit stronger but Friday will suit me fine..!

[dire straights] 21/11/2006 13:43

Hi Mitzis

Mine's a pint of Pride but wait until after friday !

You might feel like buying a few in the evening after the results

Yours Dire

[mitzis] 20/11/2006 14:56

The drinks are on me..

[mitzis] 20/11/2006 09:02

Anyone fancy a pint...?

[mw8156] 22/10/2006 13:43

If it can also sell the master brewer then shareholders might get a special divi?

[whackford] 03/10/2006 08:30

Good deal selling the Brigstow, I think.

[mw8156] 10/8/2006 19:19

Shepherd Neame Fullers and Youngs all rising...

[mw8156] 25/6/2006 13:54

FSTA more likely predator than prey i think.

[chopshs] 22/6/2006 23:25

Been a good few days. Presumably on the back of Hardys takeover by Greene King and expections of FSTA being taken out at some point soon...

[clusium] 04/4/2006 12:02

Any news here to explain last few weeks' strong rise? Neither of yesterday's announcements would seem likely to cause much stir.

[Abuse team] 20/3/2006 19:14

Post removed by ADVFN

[clusium] 20/3/2006 19:13

This has become a quiet thread. I'm just happily sitting in. Any news or views?

[mw8156] 12/1/2006 18:36

All these SE brewers are rising including Shepherd Neame

[clusium] 11/1/2006 17:51

Thank you, Whackford - very interesting. Something is clearly fuelling FSTA.

[whackford] 11/1/2006 12:59

Clusium - Times article below.Merging with Youngs was always a fairly obvious possibility. For Young's, to spend proceeds of brewery site sale on building another brewery is clearly daft.


The Times December 27, 2005

Young's considers outsourcing ales
By Dominc Walsh
YOUNG'S, the London brewer, is considering the option of quitting brewing and outsourcing production of its famous ales to a third party, The Times has learnt.

The move is one of a small number of options being investigated by the family-controlled company in the wake of its decision to investigate the development potential of the historic Ram Brewery in Wandsworth.

*
Until now it had been assumed that Young's would use the proceeds from selling the Ram Brewery to build a new brewery near by or elsewhere within the London region.

But The Times understands that the company is also looking at the option of farming out production of ales including Young's Bitter, Waggle Dance, Winter Warmer and Young's Special to a rival.

Analysts suggested Shepherd Neame in Kent, Charles Wells in Bedford and Hall & Woodhouse in Dorset as possible partners, although the closest geographically would be Fuller, Smith & Turner, which brews such ales as London Pride and ESB at Chiswick, West London.

A barrier to a deal with Fuller's could be the fierce rivalry between the companies. In addition, while the Griffin Brewery in Chiswick has sufficient capacity to take on extra production, that would reduce if it closes the Hampshire Brewery in Horndean acquired as part of the recent takeover of George Gale & Co.

However, some analysts believe that the appointment two years ago of Stephen Goodyear as chief executive of Young's has brought a more progressive approach. "There aren't nearly as many sacred cows as there used to be," said one. "Who knows? Fuller's and Young's could even end up merging."

Young's announced two years ago that it was discussing the development potential of the 5.5-acre Ram Brewery site with Wandsworth Borough Council as part of a wider redevelopment of the town centre.

Since then, Multiplex, the developer of the new Wembley Stadium, has emerged as the front-runner to buy the site from Young's in a deal worth up to £100 million, although it is not clear whether the brewer would wait for planning consent before selling.

At the time of the original announcement, John Young, the group's octogenarian chairman, said that he was committed to brewing within the borough of Wandsworth and explicitly ruled out any move towards outsourcing.

However, a spokesman for Young's confirmed yesterday: "We have made it clear we will look at everything." Sources within the company suggested that much would depend on whether the council was willing to make a sizeable grant to keep Young's in the borough.

The possibility of Young's pulling out of brewing after 174 years would inevitably create an outcry among real ale enthusiasts, even though outsourcing deals are becoming increasingly prevalent.

Wolverhampton & Dudley Breweries recently took over production of Bass Ale under a contract with InBev, the Belgian owner of Stella Artois and Beck's lagers, and most experts judge that the ale's quality has actually improved.

[clusium] 11/1/2006 11:29

Whackford - did the analyst specifically mention Fullers? I can find no comment sharp rise.

[whackford] 10/1/2006 12:45

Or maybe the market is considering recent article in The Times (about 28 December 2005) where an analyst mentioned that Young's was now being more realistic and might consider a merger with Fullers.
That would release Young's brewery sale proceeds without the need for Young's to build another brewery.
That's always was a logistics "no-brainer".

[ben gunn] 10/1/2006 10:56

quite! Maybe it is me-too trading following the property development prospects at Youngs.