Punch Taverns Share Discussion Threads

[robizm] 16/10/2012 17:37

They are due thursday

[the troll] 16/10/2012 14:24

finals were 20th Oct. last year so expect 2012's pretty soon.

[robizm] 24/9/2012 12:17

These are inching up slowly in price. The 50% of Mathew clark they own is worth 5p a share and 100 million cash not cash trapped give them some bargaining power with the bond holders. If they had 10% of the business after a debt for equity swap would be worth a bit.

[the troll] 07/9/2012 17:22

they also publish a trading-statement c. end August / early Sept. & the latest it's appeared ( in recent years anyway ) is Sept. 6th - ( see FULL list of RNS's ), ergo, it's overdue. the late publication of financial information gives me the creeps, it's NEVER good news.

[jeffian] 07/9/2012 16:18

Investor room/Financial calendar

Key dates are as follows:

Key dates Date
Interims April 2012
Q3 IMS June 2012
Prelims October 2012

[the troll] 07/9/2012 16:14

O K, so where's my FY 2012 trading-statement chaps ? ( it's overdue now c/w previous occasions )

[the troll] 10/8/2012 15:28

suddenly comes to life;
a re-action to yesterday's positive IMS from Enterprise perhaps ? trading-statement's due here around the end of this month.

[jeffian] 19/7/2012 22:50

Touché! Take me back to 2007/8 and there's plenty of things I'd do differently knowing what we know now.

If you were going to be scrupulously fair, Lifechanger, you would acknowledge that the banking liquidity crisis crucified any company perceived as having high debt and you would also accept that PUB today - stripped of the quality estate hived off into Spirit - is not the same animal as in April 2007 but, that said, you make a fair point and I accept the humiliation.

[lifechanger] 19/7/2012 22:20

How times change

Price £12.50

jeffian
15 Apr'07 - 01:19 - 39 of 1376

Yes, I have an open interest. Why would you short something that has growing profits, positive cashflow and sits on rock solid assets in the form of freehold property? Can't you find some pie-in-the-sky bio pennystock to short? Good luck.

Regards, Ian

Price 6p

jeffian
9 Jul'12 - 11:17 - 1375 of 1377

LOL! The trouble is it's a zombie company which is effectively just there to manage the assets for the bondholders whilst the salvageable bits of the business were hived off into Spirit. What's the investment rationale here?

[blueball] 09/7/2012 11:27

None whatsoever as far as I know.

[jeffian] 09/7/2012 11:17

LOL! The trouble is it's a zombie company which is effectively just there to manage the assets for the bondholders whilst the salvageable bits of the business were hived off into Spirit. What's the investment rationale here?

[blueball] 09/7/2012 10:57

T about 5p I reckon.

[jeffian] 05/7/2012 11:01

Really? Where to?

[blueball] 05/7/2012 08:55

Moving ahead now.

[isis] 12/4/2012 19:10

Punch were 1500p before the ban - now 10p - BATs were 1500p now 3200p

Oh the Irony! It was the Pubcos that backed the ban!


Failing pubs take Punch profits down 20%

Punch said the majority of its estate performed well
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Punch said the majority of its estate performed well
Business staff
Last updated at 9:38AM, April 12 2012
One of the UK's largest pub owners today revealed a 20 per cent fall in profits as the consumer spending slump continues to squeeze the business.
Profit at Punch Taverns, which has some 4,800 leased pubs, fell £8 million to £33 million in the 28 weeks to March 3 as like-for-like net income dipped 2.1 per cent.
However, the group said the decline in net income was driven by pubs which were returned to the group after failing and have been placed under temporary management, with the majority of the estate performing well.
Punch, which is in the middle of a turnaround plan that involves selling its 2,000 worst performing sites, said it was on track to close between 400 and 500 outlets this financial year.
Roger Whiteside, Punch chief executive, said consumer market conditions had been "weaker" in recent months but the group, which demerged its managed arm into a separate company, Spirit Group, in August, was still in line to meet full-year expectations.
Mr Whiteside has previously said the group is considering plans to restructure its £2.3 billion debts amid speculation that its bondholders could be asked to suffer a write off on some of the money they are owed. However, Punch made no reference to the speculation surrounding bondholders in today's results.
The group said its pubs in the south continue to fare better than those in the north, which has been harder hit by the economic downturn. The tough conditions reflect those seen at rival JD Wetherspoon, which last month said it would slow the pace of its expansion amid sustained cost pressures and weaker sales.
But Punch remained upbeat about its prospects and said that the Queen's Diamond Jubilee, the European football championships and the Olympic Games will boost the second half of its financial year.
Looking ahead, the company said it will increase the number of pubs per year in which it invests, from 130 in the first half of the year to 400 for the full year, with the aim of boosting the percentage of food sales in its core estate to 35 per cent, up from 20 per cent.
Food sales have propped up the performance of pub chains as more customers choose to dine in pubs over more expensive restaurants.
Punch shares were flat at 10.5p in morning trading after an early 2.4 per cent fall.

[blueball] 21/3/2012 19:21

A sad day.

[bondholder] 23/2/2012 11:59

"significantly more than"

[bondholder] 23/2/2012 11:58

Anyone still following this share ?
Does the PLC have a liability for the A and B debts/hedges if they go down ??
Interesting because PLC cash and interest in Matthew Clark worth significantly than market cap.

[bondholder] 23/2/2012 11:58

Anyone still following this share ?
Does the PLC have a liability for the A and B debts/hedges if they go down ??
Interesting because PLC cash and interest in Matthew Clark worth significantly than market cap.

[typo56] 02/8/2011 08:10

PUB is complicated by the fact that it is demoted into the SmallCap index tonight, meaning they'll be the volatility of funds juggling their weightings. SPRT remains in the FTSE250. (Yesterday there were 251 stocks in the FTSE250!)