Hi Everyone

Does anyone have any ideas on Scottish & Newcastle. I bought into them when they were at 393p thinking that selling of their pub estates would hike price up. Also, I thought their price was quite low and price would climb again.

However, price has decreased a little since then.

Does anyone have any ideas about the company and a target price in short term as the pubs will be sold off prior to christmas.

Thanks

Agreed Red the sell off is taking a long time as it often does but no reason why it wont happen as and when.
Scot & New. are not exactly setting the world alit share movement wise currently maybe due to the lack of progress on the sale plus there had been talk of the dividend being lowered plus the change to their reporting arrangements which will alter the usual flow next year. Plus not all overseas divisions did that well in the last reported period.
But the dividend currently is good and a lot of people hold them for that income potential and others may be attracted to buy them for that reason.
So all things considered although it may take time the share price I feel should rise.
Wait for the next report/announcement which will include the sales of beer over the hot Summer period, those figures should be good and should in theory help the share price and of course once the coffers are clanking from sale of the pubs I feel (and remember I'm no expert just a humble bunny) it should all add up to a rise. Maybe even an extra payment out to shareholders... Stockbunny