Tom Winnifrith Bearcast: I'm only doing it for the Israelis, for the Jews & what about the missing £100,000 say the morons
BREAKING: AIM promoter Neill Ricketts presses the button and has lodged court proceedings against BB critic Ian Westbrook
Lekoil Request for AIM Regulation and fraudsters fave Nomad SP Angel to investigate – good luck chums
City Pub Group (CPC), which “owns and operates a predominately freehold estate of 48 wet-led pubs in London, Southern England and Wales”, has updated including “we are pleased with our encouraging performance to date since reopening… Stand out performances have been delivered by a number of our pubs, such as the Hoste, North Norfolk, which is benefitting from a significant increase in domestic tourism” – and the shares have currently responded to 71.5p, though that less than 3% higher...
Early this year we showed the Shorted AIM shares at the start of 2020. How's the performance as at Easter? (those in bold remain from 2019)...
The City Pub Group (CPC) “is pleased to announce that… it has successfully placed 30,000,000 new ordinary shares at a price of 50 pence per share, raising gross proceeds of £15 million”. Last week though it stated “the company's balance sheet is strong… is confident the company has sufficient working capital to maintain its operations for at least another six months without further capital, even in the event the Government extends its current guidance and mandates a temporary closure of all pubs and bars”. Hmmm…
I previously wrote on The City Pub Group (CPC) in January with the shares at 197.5p, noting from the company “the Rugby World Cup did not have the impact that we expected. Political uncertainty culminating in the December Election… unhelpful weather during November and December… disruptions on South West trains… Following some delay… we also completed the refurbishments of the two former Jam Tree sites” and concluding I’d wait to see trading further playing out before being comfortable – the market cap still not far off £120 million. Tom also warned in Bearcast just yesterday – and today a “COVID-19 update”, and the shares down to 55.5p…
“Owner and operator of 47 premium pubs across Southern England and Wales”, The City Pub Group (CPC) has announced a “Year End Trading Update”, including “the board is pleased with the overall performance of the group for 2019”. The shares are currently at 197.5p – er, more than 9% lower on the day!…
Hello, Share Changers. You already know that pubs are closing down at an alarming rate. But that’s not bad news for the ones that stay in business, especially the pub chains. When the competition disappears, the higher spending customers have to find somewhere else to tipple...
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