Young & Co's Brewery Share Discussion Threads

[elmfield] 15/4/2009 07:45

glug glug yum yum:

0637 GMT [Dow Jones] Marston's (MARS.LN) trading update is "very good," and its shares should continue to rise Wednesday morning, KBC Peel Hunt's Paul Hickman says. Like-for-like sales +3.1% in last two months and two days to April 13 from a year earlier, "without a major impact to margins," says Hickman. Adds the update is "very much" what he'd been hoping for. Marston's and Enterprise Inns' (ETI.LN) recent trading statement shows there's "some health" in the low ticket pub market, which bodes well for the next few months heading into summer. Hickman has a buy rating on Marston's and 180p target price. Stock Tuesday closed 2.8% higher at 157p. (LEV)

[elmfield] 06/4/2009 14:53

Good point but money here takes a longer term view.

[mctmct] 06/4/2009 14:12

As I'm sure you know, the problem with illiquid shares is when you want to sell. I've been caught a few times hitting the stop-loss but with no way to get out, except a few at a time, where the commission starts to be significant.

[elmfield] 03/4/2009 15:49

I am accumulating, very tight market but a few one day a few last week a few next.....

[elmfield] 08/3/2009 18:35

CHERRY PICK?

[lundhousegreen] 08/3/2009 18:10

IMO Good opportunity if it fits their image, but I think Young's will be very choosy, and pass the deal if it is not in YNGA's long term interests.

[elmfield] 08/3/2009 15:00

punch etc selling pubs, youngs can take their pick at the right price! see article in Friday's times newspaper.

[elmfield] 04/3/2009 19:32

hmm, well I still like to add when funds are free!

[lundhousegreen] 30/1/2009 07:50

I am here also, just not much to add. News not frequent with this company, & in some respects, looking at other stocks, then thank goodness there isn't much news!

[elmfield] 29/1/2009 17:57

looks like just me here, oh well not for the first time have I been more or less on my own!

[elmfield] 28/1/2009 12:12

gnk. results better than expected?
added here yesterday, doing same today as well as accumulating the non voting, I can sit and wait, tick tock, dyor.

[elmfield] 26/1/2009 19:26

tick tock, time limited, as an inde company?
going to try and add to my holding.

[lundhousegreen] 18/1/2009 17:56

Young's tipped in the Midas column of the Mail on Sunday.

Young's old values pay off

Young's, the brewer, is another company with a long history that stretches back centuries. The group has built its reputation around well-managed pubs serving quality beer.

For many years, Young's was considered unfashionably conservative. It has never gone in for wild expansion, it has not transformed its pubs into restaurants and it has not borrowed huge sums of money to pursue trends. This cautious approach now looks extremely sensible.

Young's has 221 pubs, most of which are within the M25. Most are freehold and the company works hard to make sure they look good and sell good beer.

About 25% of sales come from food, but chief executive Stephen Goodyear is determined to make sure its pubs retain their character as tried and tested establishments. He does not deny the economic climate is tough and other pub chains have recently published downbeat trading statements.

Young's strong balance sheet and focused approach differentiates from rivals, however, and may even mean that it can snap up new pubs cheaply over the next year or so. It is also true that pub-goers tend to carry on drinking in recessions, even if they stop spending on other items. Young's London focus means it should benefit from the influx of tourists this year as well while the pound is so weak.

Analysts forecast a marginal increase in pre-tax profits to £18.8m for the year to end of March and a dividend of 12.8p, rising to £19.3m and 13p in 2010.

Midas verdict: Young's shares are 426p so the yield is about 3%. This is a stock to buy and hold. It has weathered recessions before and should emerge from this one in better shape than many of its peers.

[elmfield] 07/1/2009 12:50

I keep coming back to these, I like them if you can take a longer term view,

[elmfield] 30/12/2008 15:50

very very happy,
as usual value will always out................
(:-

[elmfield] 30/12/2008 15:28

hmmmmmmmmm? happy to be here.

[elmfield] 02/12/2008 13:53

wakey wakey chaps,
hope they don't take us out at to low a price????????????????????.........!

[elmfield] 17/8/2008 18:42

article in mail on sunday, good write up, not a tip though.

[elmfield] 12/8/2008 08:30

to those that wait?

[lundhousegreen] 01/6/2008 10:02

Sunday Telegraph Questor column.

Young & Co
597½p -3½p
Questor says: Avoid

Walk into a well-managed pub in London and you cannot help but question where talk of a looming recession and consumers cutting back on their spending is coming from.

While panic grows around tumbling house prices, soaring bills or empty pubs in the rest of the country, the capital seems to be powering on regardless.

Young's, the family-controlled pub group and brewer which operates 219 food and drinking dens in London, reported a 55pc rise in underlying pre-tax profits yesterday in the latest sign that the capital is outperforming other regions of the UK.

The good locations of the pubs have stood the company in good stead up until now - certainly when compared to its rivals - but there were worrying signs yesterday that growth is finally slowing. Like-for-like sales since April are up just 1.6pc, a figure that persuaded some City commentators to question whether London was being pulled into the slowdown along with the provinces.

For now, however, those fears appear to have been overblown.

Young's sales were up a staggering 9.5pc in the same period last year following the sunny April weather of 2007. Against that background, to increase sales at all following that performance - and in spite of the generally poor weather so far this year - suggests that Young's is continuing to perform relatively well.

Like its peers, Young's will also benefit from weaker comparable trading figures in the coming months after the smoking ban hit sales from July 1 last year.

Meanwhile, it is admittedly dangerous to rely on a sunny summer in the UK to fill pub gardens and boost profitability, but it would be unlucky in the extreme if the country was once again hit by downpours similar to last year. That should again boost trading compared to 2007.

Despite the good news, Young's remains a pub company and there are few who expect the sector to enjoy the going over the next six months or more. It may be among the most recession-resilient of pub companies, but it is not recession-proof and after a good run of late, the shares look fully priced.

If you want a truly diversified portfolio and have to be in the pub sector, this is probably the stock for you. But if not, it's probably best to hold off for now.

[lundhousegreen] 29/5/2008 07:26

Divi 6.50p per share. They mention the timely sale of the brewery, also.

[elmfield] 29/5/2008 07:11

RNS Number : 4646V
Young & Co's Brewery PLC
29 May 2008



29 May 2008

PRELIMINARY RESULTS
For the 52 weeks ended 29 March 2008

Financial highlights

Revenue £122.1M +6.6%
EBITDA* £32.3M +40.9%
Operating profit before exceptional items £20.9M +35.5%
Profit before tax £10.8M +23.8%
Adjusted profit before tax* £18.6M +54.7%
Basic earnings per share 13.67p +32.1%
Adjusted basic earnings per share* 26.28p +50.3%
Dividend per share (interim + recommended final) 12.50p +33.8%

All of the results above are on continuing operations.

[lundhousegreen] 21/5/2008 17:59

I believe the results are expected next Thursday, 29th May.

[lundhousegreen] 19/5/2008 12:12

That would be nice, but results due before end of next week. Special divi
would be good.