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City Pub Group – argues “encouraging performance”, how so?...

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...


The City Pub Group – placing & open offer, a ‘well done’ or not?

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…

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