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Fuller Smith & Turner Takeover Rumours (FSTA)

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Fuller Smith & Turner Takeover Forum Posts

25-07-2024
Attended meeting on 23rd, Good start to year over 5% revenue growth, pubs in good shape operational wise, cap ex & maintenance, way ahead of competition. Estate still growing revenuse as City & Rail pubs still recovering from return to Office. No further sales expected after sale of noncore smaller pubs to Admiral. Cash received for Mad Hatter + as a bonus still operating Mad Hatter as new owners not ready to takeover site, so still generating cash profits on top. Confirmed NAV over £13. & commitment to craft beers & staff training. Continuing buybacks as Director,s consider shares good value. Good news & couple of pints of London Pride, made a good day. Up 20% 1 yr ,+ divs. My Last post as lack of BB interest in this steady performer. A core SIPP holding for me.