Young & Co's Brewery Plc... Share Discussion Threads

[essentialinvestor] 18/1/2023 11:27

YNGN is not on a PE of 21 though!!, that's the point of starting this board.

[adae] 18/1/2023 11:23

Could argue the last-man-standing pubs will do very well, longer term.

But a p/e of 21? And appears to be at approx the level it was at 10 years ago. Been higher in the interim, but struggle to see it as cheap.

[essentialinvestor] 18/1/2023 11:13

Yes I did very well on the NV there - highlighted the opportunity on the SHA board
when I noticed the Schroeder's NV well under £20, under £18 from memory.


In terms of current trading, agree it won't be helpful. This really is a longer
term hold - unless you consider pubs are relics of the past that won't be around
in another decade of so - that will not happen!. They will though need to continually
adapt, as is the case with any customer facing business.

[adae] 18/1/2023 11:07

RBG's recent t/s disappointed due to train strikes at the wrong moment.

How many will be out in Young's pubs in January I wonder - isn't like there's catch-up spend.

So YNGN has exactly the same rights as YNGA except for no vote? Do find these voting/non-voting shares strange, Schroders was another.

[darrin1471] 16/1/2023 17:07

Divergence between YNGA and YNGN over the last 2 trading days of 18%
Volume up on YNGA
YNGA Blackrock holdings notification on Friday evening. Is that a new holder?

[coolen] 03/1/2023 22:30

If Young is strong enough to survive long term would zero EPS (v. 60p ) justify a 300p reduction in the non-voters share price. Or in the case of the voters, a 600p reduction.

[essentialinvestor] 03/1/2023 21:49

Given train strikes and other disruptions possible risk the next trading update disappoints?.

[essentialinvestor] 13/12/2022 13:57

Yes, however the reason I started a new board is to highlight the valuation differential between YNGA and YNGN.

[darrin1471] 13/12/2022 13:49

IMO YoY takings will be significantly up at the next update mainly due to a Omicron free Christmas and inflation.
Beyond Christmas it is hard to see where the growth comes from. Higher mortgages are more likely to hurt Young's customers than higher fuel bills. YoY comparisons will be tough in the summer of 23 due to the good weather this year.

[essentialinvestor] 13/12/2022 10:18

Would not necessarily disagree with that. I've mentioned elsewhere these
are the toughest conditions for the sector I can remember - outside of forced
COVID closures.

Young's will hopefully be a longer term winner, worth keeping a watch for opportunities. YNGN available to buy under £5.80 a few weeks back - and the
shares have gone XD since.

[pugugly] 13/12/2022 10:06

Maybe a lovely business but with a winter of HELL upon us - Inflation some 10%, strikes and more strikes - heating costs through the roof - freezing fog and snow a very good chance (imo) takings over the so call festive season (now renamed the Season of discontent) takings could be down between 10%-25% and costs up by 15% plus.

Scenario for significant profit waring and likely dividend cut or cancellation.
Another negative possible fall in real estate valuation.

[essentialinvestor] 21/11/2022 14:15

Lovely bounce plus the 10.35 pence dividend from last week's XD.

[essentialinvestor] 15/11/2022 15:59

Ok, luck with that. I got down to £5.72 on 25 October as mentioned on the
other board. Thought a new board overdue.

[starpukka] 15/11/2022 15:49

It appears to have risen a bit since then, EI. I got around £6.19

[essentialinvestor] 15/11/2022 15:24

I hope you got a decent price then, under £6 a share on the offer available
last week.

[starpukka] 15/11/2022 15:21

Bought some today. What with xmas around the corner too.

[essentialinvestor] 12/11/2022 15:17

Investors Chronicle give Young's (YNGA) a Buy on 17 X full year earnings.

Yet you can buy in to Young's via YNGN on just 10 X FY EPS,
qualifying for exactly the same dividends and value of business assets.


As sector capacity is stripped out over the next couple of years, Youngs should
continue to thrive, coupled with an opportunity to expand:




Intend to sell some or all of YNGA on Monday provided we get another bounce.

[essentialinvestor] 11/11/2022 11:27

Time for a new board as YNGA tends to get more attention.
Often better to hold a split between the A and NV shares
as the respective Young's shares can move out of step.
This can also create opportunities.

[essentialinvestor] 11/11/2022 11:07

This British institution needs little introduction, the business now solely focused on owning and operating premium pubs and hotels in the South of England.
Young's also own the freeholds on the vast majority of their properties.

This week's H1 results demonstrated further progress with a strong outlook.
YNGN currently sells on a gaping % discount to YNGA,
offering an entry in to Young's at a very large discount.

Sector headwinds have been discussed in the media and investors will be aware of these. What gets far less attention is the potential opportunity for successful businesses to grow as other pubs, restaurants and smaller hotels call time and close. As always, please dyor.

[essentialinvestor] 10/11/2022 09:53

Very solid update - hands down the quality sector play.

[essentialinvestor] 01/11/2022 16:41

Selling at over £5.90 now.

[essentialinvestor] 25/10/2022 16:31

Darrin, don't be swayed by me on this, may be safer to wait for results.

I thought a possible £5.50 or a tad lower may be available.

[darrin1471] 25/10/2022 16:28

I may add YNGN pre interims as Youngs estate and customer base looked best positioned to take advantage of the good summer we had. Planning to then move into JDW for football world cup and LFL boost vs Omicron

[essentialinvestor] 25/10/2022 12:36

Bought at £5.75 and £5.72, brutal winter ahead for the sector,
my rational (which may not be validated) is Youngs can capitalise longer term.

However in the meantime the sector faces something quite shocking with
a confluence of negatives.