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

[philanderer] 12/3/2021 11:42

Church House: Young’s is primed for recovery Young’s (YNGN) is ‘poised for a strong recovery’ after the brewing and pub group was forced to shut during a series of national lockdowns, says Fred Mahon, co-manager of Church House UK Equity Growth fund. Shares in the London-focused pub company more than halved from a peak in the spring of 2019 to trough during the November 2020 lockdown. Mahon, who runs the £80m fund with the Citywire AA-rated pair of James Mahon and Rory Campbell-Lamerton, opened a position in June 2020 after the initial sell-off and supported the November rights issue. Mahon said Young’s was a ‘high-quality operator, with its prime London pub estate, the majority of which is freehold’. ‘We believe that the business is poised for a strong recovery when lockdown restrictions are eased as thirsty customers return to their favourite local pubs,’ he said. ‘We believe that [the company’s] like-for-like growth will look exceptionally strong once the pubs do reopen – even if summer 2021 is two-thirds what summer 2019 was, in terms of Young’s sales, that would represent triple levels seen in 2020.’ Shares in Young’s closed down 0.5%, or 5p, at 953p on Thursday. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-youngs-rolls-royce-and-morrisons/a1479482?section=funds-insider&_ga=2.115769231.889055676.1615548986-243898408.1615548986#i=2

[essentialinvestor] 16/11/2020 13:34

This usually tracks YNGA reasonably accurately. Given the current YNGA share price, YNGN should be tradimg North of £7 Imv.

[essentialinvestor] 25/9/2020 08:45

Taken a small position, did not realise there was a YNGN board. We are all aware of the backdrop and risks of further closures so won't attempt to make a buy case currently.

[pugugly] 20/3/2020 19:47

Could be a right bloodbath here on Monday - All pubs MUST close "UK PM Boris Johnson says bars, pubs, restaurants will close on Friday evening" OK some value in the property but will be bleeding cash for a long time - No indication from the scientists as when it will be possible to once again go to pubs, restaurants, cinemas, theatres, leisure centres, and places of mass social gatherings such as Glastonbury - https://www.bbc.com/news/live/world-51969508

[elmfield] 16/10/2017 15:50

Then you can shut up shop. It is all over, back to the early 70s we go.

[mw8156] 16/10/2017 14:41

seems it's been tipped in the Telegraph Questor as an IHT hedge that's always assuming the relief remains in place; might expect so if the Tories remain in power but what if that awful McDonnell class warfare-monger becomes Chancellor?

[elmfield] 16/10/2017 14:20

Not forgotten now! More is the pity, in one sense.

[sirhedgealot] 21/5/2015 11:46

Broadly in line with my expectations. Should have kept the trigger better oiled. Well done those jolly chaps who held.

[elmfield] 21/5/2015 08:22

We know why now, Set to go through old highs.

[sirhedgealot] 27/2/2015 16:47

Can't figure out the price action. I was holding out for lower but the order book went crazy. About half a million changed hands in one week. Odd.

[elmfield] 23/5/2014 11:25

Not cheap now but still good value,IMV.

[elmfield] 22/5/2014 08:23

Excellent results, Watch it fly.

[elmfield] 25/11/2013 13:39

Should be above asset value when you look at yield etc, Say £8.50p,

[elmfield] 24/11/2013 22:00

Questor agrees with me then.

[elmfield] 24/11/2013 21:59

http://www.telegraph.co.uk/finance/markets/questor/10466735/Questor-share-tip-Young-and-Cos-cheers-warm-summer.html

[elmfield] 21/11/2013 19:25

Assets of £8.28p a share, You can't beat this as a safe isa hold with business tax relief. Well if you can beat it let me know please.

[elmfield] 21/11/2013 12:00

And about time! Not many free gifts for those wanting to take the long view,

[elmfield] 28/10/2013 15:05

Just a matter of time before this will be marked up. I can wait.