Young & Co's Brewery Share Discussion Threads

[lundhousegreen] 07/7/2005 08:20

Oh no! The "AIM adjustment" continues Thursday.

Edit. Wrote the above before the London outrages, and realise that a lot worse can happen than an share price dropping. Condolences to all involved. LHG

[lundhousegreen] 06/7/2005 20:03

Ygor. I was thinking what you had said previously as I watched the share price drop today, but being an optimisic kind of person, thought of Halsteads , who moved to AIM and their price is doing OK. I hope Young's follow JHD's lead and not Pipex's.

[ygor705] 06/7/2005 17:45

This may be an AIM market adjustment..............as I said in an earlier posting, moving from the main market to AIM did nothing for the Pipex share price. Olympics are not for another seven years LHG................war could have broken out by then!!!!

[lundhousegreen] 06/7/2005 16:04

A BIG blip !
A bit overdone, even if there is a bit of stock around IMO !
Could it be ISA sellers causing the downturn?
Long term, looking to the 2012 Olympic's profits for Young's, they are well placed!

[zeppo] 06/7/2005 16:00

A blip today?

I hope to attend the AGM next Tuesday.

z

[lundhousegreen] 05/7/2005 08:08

Young's moves to AIM today.

[lundhousegreen] 24/6/2005 12:08

Thanks, have it on my "to watch" list.

[ygor705] 23/6/2005 20:06

Stock appears to have gone to sleep..............for the time being at least!

Zeppo/LHG: Do have a look at Inmarsat (ISAT) which had first day dealings yesterday. The Bulletin Board for the stock will give you the flavour......quality operation with a good yield. Bought in yesterday at 280p.

[zeppo] 14/6/2005 20:46

Non-voters took stick again today.
Derek,who I talked to at the 12.00 El Oro meeting, personally has more non-voting shares than A shares and obviously thinks they are OK.
I did not push for further opinions on Youngs. (which is all they can be at present) I hope to attend their AGM on 12th July. Another person at the meeting said he thought Youngs might be taken over. There is speculation(not from Derek) that the old brewery site could fetch 100m for the right development.

I asked about Sovereign Reversions. Reassured on them. Derek would add especially at a weaker price.

Derek is off to Gales AGM at Horndean tomorrow. He said that shares in Gales are very difficult to get hold of. There is also a queue of buyers waiting if any come on the market. Derek would add to his personal holding in these if he could - so I guess he is ahead of us in the queue.

Lowland Investment Trust EGM at 3.00 o'clock was very brief and we were not even offered coffee.
I did talk to the fund manager afterwards. He thinks Renold will recover and still believes in Carclo.


z

[ygor705] 14/6/2005 14:13

Absent positive news on Ram, some retracing is almost inevitable here imo. It's just a matter of how far the thing adjusts before settling down. Nevertheless, the property valuations should continue to underpin matters.

[lundhousegreen] 13/6/2005 19:28

Derek put me on to Young's, so a lot of respect from me. Maybe you could ask his current opinion of Young's, and if there is any stock to put on the radar.
Personally not too concerned about a pullback on these shares (yet), as they have had a fantastic run, and need to consolidate now around these levels IMO. They go ex-div. this Wednesday.

[zeppo] 13/6/2005 18:43

lundhousegreen

Ouch! Only 1K sold but a big adjustment for the non-voters.

Temporary I'm sure. Might even go to Young's AGM in July.

_________-

I hope to meet Derek, the semi-retired partner of our advisers, at El Oro's AGM 12.00 tomorrow. I will ask him if he knows when SVN should start to move. We have not got a big involvement. SVN have been static since coming onto AIM from OFEX. Is there any sign of life in them?


I could attend three meetings tomorrow - if I was not such a big eater?

Whitbread's AGM is at 2pm. The buffet there should be excellent but after having (what last year was) good 'posh nosh' (they make it themselves) at El Oro, I will not have time to guzzle down any of the Whitbread fare(or even go to their meeting) before moving on to an EGM of Lowland Investment Trust at 3pm. Lowland's is an EGM but is of more interest to me than Whitbread. Hope to get afternoon tea at Lowland. More importantly I will try to get info. on some of the companies in the Lowland portfolio. They do make mistakes though. RNO, one of their big holdings has been drifting down and suspended its divi, in its results today.
Carclo, which the fund manager said he hoped would be a winner at their AGM in December, went up on results today and has strong links with Stanelco.

E Tinsley that Lowland backed a rights issue for last year at 22p is languishing at 15.5p. Lowland's engineering investments look pretty sick - but that might not be Lowland's fault. It helps me to be cautious generally to look at the factors affecting this sector.

I do go on don't I!


LOL

z

[lundhousegreen] 10/6/2005 15:21

Since Investor's Chronicle said last Friday, Young's were "high enough", the YNGA shares are up 137.5p and YNGN up 125p ! Hope it continues its upward trend, or at the worst, settles about this price to consolidate for a short time.

[lundhousegreen] 09/6/2005 19:25

Extremely pleased with Young's share price (YNGA) , which has doubled in just less than 18 months.

[zeppo] 09/6/2005 12:06

lundhousegreen

You were wise to add to these.

z

[lundhousegreen] 06/6/2005 19:29

Had Lloyds few times, but outside portfolio at present.PZCP was a great preference share, but what do you replace it with? The sharp chaps didn't like UU. , but that was a while ago, and divi now guaranteed for 5 years? Might look at PZC ordinary when all the dust settles.
Keeping some cash available if any bargains to be had this summer. LHG

[zeppo] 06/6/2005 19:11

lundehousegreen

Yes we bought some PZW 10%Prefs in 2003 and added a few in 2004.

They have had a brilliant yeild. In spite of the premium to take them out, I will miss them in our portfolio. Where else does one go for safe yeild?

Do you believe in United Utilities long term?

We have some and some A shares to add to. Barclays Stockbrokers consider them to be worth only about £5.30. Can you believe that? They expect them to go down substantially after they go ex divi.

Stanelco have bought yet another company, an RNS today - further diluting my shares with a placing. I had better all be worth it.

Lloyds also has a good yeild. Do you ever look at them?

DVW results tomorrow.

z

[lundhousegreen] 06/6/2005 19:08

Another stealth tax, for the pubs & restaurants?

[lundhousegreen] 06/6/2005 16:21

Zeppo
Glad to be back? Did you have any PZC preference shares? Being bought back. Tend not to believe Investors'Chronicle,(or broker upgrade/downgrades). The IC did say sell East Surrey last Christmas, and Young's up another 25p after they say high enough. Sticking with those sharp broker tips / advice. LHG

[zeppo] 03/6/2005 12:29

Enjoyed Sorrento and Capri. Nervous on cliff road ride along coast to Amalfi and on Capri up to AnaCapri. Brilliant weather and scenery.

Write up in Investors Chronicle for YNGA. Summarised as 'High Enough' but two interesting scenarios given re cash back possibilities.

Good rise so far today.

I am still sweating on BEM (where I am currently incurring a huge percentage loss - if I sell.) The pie in the sky is currently mostly Bellack area in Sweden, one of a few which they have the rights to. The company say this has a survey profile similar to Olympic Dam in Australia. Is this just a cynical ramp which got me in too high?

And Stanelco - when will they make the big announcement?

DVW and NWG results both on Tuesday next, I believe. Or possibly Tuesday and Wednesday.

I am glad I stuck with UU. also. I think we can buy the extra A shares with confidence.

z

[ygor705] 02/6/2005 16:15

Keep an eye on Fullers if YNGA make a positive announcement on the Ram Brewery. They are second best share performer (c+20%) in the sector this year after Youngs (c+50%) but have still tended to lag. IMO the fundamentals are more or less the same as Youngs from the property perspective.

[lundhousegreen] 29/5/2005 15:56

IMO around £25 nav is probably about right. 6 months ago,my broker
guess-timated about £23+ .

[ygor705] 29/5/2005 11:02

Good results LHG but the revenue line will be more difficult to drive forward in the current period. We really do need some news on the RAM Brewery front. In my view both Youngs and Fullers are very remiss in not updating their property valuations in their annual accounts. These documents are, after all, supposed to present a true and fair view of the company's financial position and this is clearly not happening in either case. My guess of true NAV per share for Youngs is around £25 (ie twice the balance sheet figure) but this is based on gut feel rather than any scientific appraisal. Remember also that recent Brewery takeovers have been conducted at a premium to NAV. Firm hold imho.

[lundhousegreen] 29/5/2005 08:07

We couldn't work out NAV on a previous occasion.

In the annual accounts, it states the brewery was last valued in 1997.

[raxzi] 26/5/2005 20:51

Somewhat confused by the different classes of shares but,assuming it is possible to attribute a nav for the ordinary and the 'A' shares can anyone say what the values are?