Young & Co's Brewery Share Discussion Threads

[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 17:42

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

[elmfield] 12/8/2008 07:30

to those that wait?

[lundhousegreen] 01/6/2008 09:02

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 06:26

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

[elmfield] 29/5/2008 06:11

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 16:59

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

[lundhousegreen] 19/5/2008 11:12

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

[elmfield] 19/5/2008 09:39

bid coming?

[elmfield] 16/5/2008 14:52

good to see it, looks like they sold brewery at right time?
lots of cash ...... must look very tempting.

[lundhousegreen] 16/5/2008 14:17

Nice rise for the share price today. Results in the next couple of weeks.

[lundhousegreen] 04/3/2008 07:42

Acknowledged. (What was inappropriate?)

[zeppo] 03/3/2008 18:26

lundhousegreen & ivancampo



z

[lundhousegreen] 03/3/2008 18:04

The last dividend was 24 pence per share. That was before the recent split, so the equivalent divi should now show 6 pence per share.

[vision88] 03/3/2008 16:05

lundhousegreen
am i reading that right interim divdend £24.00p per share

[elmfield] 06/2/2008 20:42

I undersatnd we will still be an AIM stock,having read through the details on the web site?

[lundhousegreen] 17/1/2008 13:41

Could stick it in an ISA then , I suppose?

[elmfield] 17/1/2008 13:29

Yes and all that lovely cash from sale last year due this month, Correct me if I am wrong about that, I think we are moving to main market which is not something I want.

[lundhousegreen] 17/1/2008 11:40

Talking to my broker he stated that he thinks the split is good news,making the shares more liquid, and estimates that NAV is currently about £40 a share .

[q4z] 17/1/2008 10:19

They are replacing the articles of association and both classes of shares. Without knowing all the details, it looks as though the board doesn't know what to do about the two share classes. Sooner or later the anomaly will have to be faced. Would there have been anything wrong or against company law to have issued more shares to the "A" class, taking as a measure the average discount at which ordy were priced to "A"s over (say) a three year period? The company could then have had one class of new ordinary shares with equal rights.

[elmfield] 17/1/2008 09:58

I for one am topping up, going for both shares, take what I can get.
full of cash and prime locations, lovely.

[lundhousegreen] 16/1/2008 16:13

Share split.

[lundhousegreen] 15/11/2007 07:06

Interims.
Financial highlights

Revenue £63.9m +11.9%
EBITDA* £18.0m +77.5%
Operating profit* £12.1m +72.1%
Profit before tax £4.3m +867.4%
Profit before tax* £10.9m +89.2%
Earnings per share* 69.47p +105.8%
Interim dividend per share declared 24.00p +33.3%



No mention of a special divi', although interim divi up a nice 33%,
but does say
"In line with the Board's stated policy, investment opportunities
will be measured against the benefits of returning capital to
shareholders."