Rare Earths Share Discussion Threads

[slj] 25/1/2006 21:27

Regent Inns IFRS No Cause For Worry - Analyst

Wednesday, January 25, 2006 11:32:20 AM ET

1504 GMT [Dow Jones] Regent Inns' (REG.LN) shares are unperturbed by a statement regarding the adoption of IFRS, notes an analyst. Says this is an indication there are no issues worrying the market, and also notes the impact of deferred tax is similar to the impact on sector peers.

[badtime] 18/1/2006 10:08

Someone said this was a great h & s to the up..hmmm..cant quite c that :)

[tole] 03/1/2006 12:30

UK Pub License Change Favors Southeast

Tuesday, January 03, 2006 5:10:16 AM ET
Dow Jones Newswires

0855 GMT [Dow Jones] License reform has had a muted effect on the UK pub sector over Christmas, with southeast oriented firms outperforming the rest of the country, says Panmure Gordoon. Residential pub sales seen up 1%, which is "good for Enterprise Inns (ETI.LN)." Luminar (LMR.LN) and Regent Inns (REG.LN) will have performed better than expected, broker adds, although discount pubs, like JD Wetherspoon (JDW.LN), will be disappointing. "Restaurant Group (RTN.LN) remains one of our best picks in the sector," it adds. (MIC

[chester] 03/1/2006 09:20

Looking even better now....

[skyship] 30/12/2005 11:53

Someone's New Year tip I'll be bound......quite right too on the back of that chart.

[bigbobjoylove] 30/12/2005 11:49

something has stirred these upwards rather quickly....

[chester] 30/12/2005 11:34

it was worth the wait......

[chester] 29/12/2005 15:39

certainly looks interesting

[bigbobjoylove] 21/12/2005 13:00

I'll take your word for it Skyship.

[skyship] 20/12/2005 15:43

Surely this has to be one of the best Reverse Head & Shoulders formations seen in a long time. It has been spotted on other AFN threads; and is likely to bring in more PI buyers in support of the Artemis stake-building.

[themariner] 06/12/2005 16:53

And now for the icing on the cake. Maria Kempinska, who was paid a reputed £8.5m when Regent Inns bought her majority stake in Jongleurs, couldn't wait for the no competition handcuffs to come off and with a few months of the expiry, announced she would launch a chain of rival clubs which one can only assume will be fierce competition for the clubs she effectively sold to Regent 5 years ago! Just what does this imply she thinks of the clubs she sold to them and the clubs they subsequently developed at great cost.

So lets get this clear: Regent put all the money up to fit out all these Jongleurs, plus £8.5m for control and the Jongleurs name. Now just 5 years later, they face potentially the most serious challenge imaginable - competition from the original founder - who also happens to own the IP to the brand AND who books all the acts for the Regent stable of clubs. That's what anyone would describe as "a fine mess", quite apart from the poor or negative returns Regent has seen from Jongleurs (say £1m just for each club, plus £8.5m for control - has Regent generated anything like £25m cash from these clubs in the last 5 years - I doubt it.

Well done Maria for being the only one to have made any money from Jongleurs in the last 5 years, but if I was an investor talking to you right now about backing your new chain, I'd be nervous that there's another make maria rich deal on the table. JV's are meant to make all parties money. As for Regent, I'd say it's ill fated foray into comedy is now effectively over. These clubs will have to be offloaded/closed because they won't be able to compete.

It's a mess even the new management will struggle with. There's just no way you can justify regent's share price.

[charles henderson] 14/4/2005 20:28

The weekly scan picked up REG at the right time.
Checkout

[evilwebby] 09/4/2005 18:24

Looks about as dead cert a short from here as you can get. Posted a double top and now fallen below neckline. Pubs are two a penny now and last time I checked, Walkabout had the cheapest drinks in the most expensive locations.

[themariner] 08/4/2005 10:13

And now the steady decline, as everyone realises that the consumer is holding back, and the high street is no less competitive than the last few years. You just can't make much money there when you're discounting heavily and city centre overheads on leasehold premises are what they are. We've all seen our latest rates demands too and this can't look good for many operators. Then there's higher energy costs, time taken up with licensing change, and all the time fewer customers, spending less, on cheap(er) drinks. Oh, and one more rise in interest rates for a company with far too much debt.

IMHO regent's share price could now fall to the 40 to 60p range, where it deserves to be. Another profit warning can't be far away.

[themariner] 16/2/2005 14:56

Cantor Fitzgerald today says it has a reduced stake in Regent. Is Robert Tchenguiz unwinding his position? The FT also reported that no talks had taken place either. I believe the stake rose as high as 12.08% (although some press reports hava said 15%). Anyway it's now 10.6% and falling - and so is the share price. I think Mr Tchenguiz has had a great run, realised that Regent is not such a great business and may be a distraction, what with 17 comedy clubs (needing specialist management, marketing, box office etc.).

It would be logical for some profit taking after such a run (it bottomed out at about 28p, but if RT is getting out, what is the value of this business? Not as low as 30p, which I think was discounting a possible receivership, but not the 85p it is now. Somewhere in between IMHO. They are generating cash, but they are also still heavily indebted and trading is still tough. A slight premium for the new management? This says 50p to 60p (lower if Cantor's unwind the RT stake quickly) fair value until a recovery is in the bag, which is not the case right now. It looks like one possible bidder has looked and walked. There is an opportunity to short this stock here.

[justjim37] 08/2/2005 00:01

Starting to look really interesting.
Hmmmmmmmmmmmmmm...............

[krsgr] 18/1/2005 13:53

A few large trades gone thro today...it would be nice to know who is buying.

[krsgr] 16/1/2005 09:53

Report in The Independent




"However, analysts believe Mr Tchenguiz will struggle to win Regent if he offers just 95p a share. Altium Securities said: "We suspect that 2005 will see a continuation of corporate activity in the high street pubs sector and competition for assets should see any take-out price for Regent move north of 100p a share." Regent Inns shares moved up 3p to 81.5p yesterday. "

At 120p he can have mine;-)

[cardiffian] 14/1/2005 09:03

According to `The Times`:

"The session's most intriguing rumour surrounded Regent Inns, up 1p at 78.5p on heavy volume amid talk that Robert Tchenguiz, the pub entrepeneur who has built a 14 % stake through contracts for difference, is mulling a 95p a share offer."


I don't hold shares.

[krsgr] 13/1/2005 22:18

Nearly 9% of the companies shares traded today, with the results out soon is there something in the wind?

[krsgr] 17/12/2004 09:05

Helpful tip in the Independent

"It is no wonder some executives in the pubs sector have been eager to echo the Government's complaints about binge drinking and calls for an end to the super-cheap booze offers pioneered by JD Wetherspoon. The high street price war has floored profits just as the resultant bacchanalian frenzy has floored the customers. It has even sent several chains to the wall.

In October, Regent Inns looked like it might be on its way to oblivion, too. By yesterday, it looked like it may be sobering up.

Regent owns 66 Walkabout and Jongleurs venues but an overambitious expansion plan took it to the brink of breaching its banking agreements. After the ousting of the chief executive and finance director, the discovery of accounting mistakes proved it had, in fact, breached them. The banks could have pulled the plug.

Instead, we have new management, led by the Bob Ivell, formerly the head of Scottish & Newcastle's old pubs division. The team got a round of applause at yesterday's annual meeting for having reached a deal with the banks. In addition, Mr Ivell said he was axing the former chairman, Peter Savage, and a second non-executive, Nigel Potter, after their failure to prevent the collapse and the accounting mistakes.

So it is all change. And the biggest change of all is the reversal of two years of falling sales. Like-for-like, sales are up 2.2 per cent in the past 23 weeks, thanks to a pub-by-pub review of drinks prices, which has allowed it to raise the costs to its customers in some areas.

With £75m of debts, this is still a risky investment but, even before Mr Ivell's full strategy review is complete in the new year, it is worth betting that he can avoid a serious hangover for shareholders. Buy. "

[pip] 16/12/2004 21:25

As a professional lurker on share threads of my interest, this one has me very amused ....it is my best performer atm and yet there 3 very simple posts today in spite of the mega rise.... compare it to RTD, for example. :)- A repeat tomorrow of today's action would be most pleasing!