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Time to buy PUNCH! (PUB)     

Sardine - 31 Mar 2004 02:36

Look at it!

splat - 03 Oct 2008 11:03 - 29 of 182

in order to get stopped out at the current price? :)

justyi - 10 Dec 2008 13:09 - 30 of 182

66p...quite amazing.

skinny - 10 Dec 2008 15:16 - 31 of 182

In auction again down 17.5%

blackdown - 10 Dec 2008 17:12 - 32 of 182

Huge amount of debt; flawed business model; the words barge and pole spring to mind.

mitzy - 11 Dec 2008 09:23 - 33 of 182

keep selling to 30p imo.

splat - 11 Dec 2008 10:02 - 34 of 182

have had a buy order in at just under 30p for a little while now ;-0 - won't be long

blackdown - 11 Dec 2008 10:32 - 35 of 182

Going bust. Don't touch.

splat - 11 Dec 2008 10:56 - 36 of 182

you short then?

mitzy - 11 Dec 2008 10:59 - 37 of 182

I've changed my mind..5p.

HARRYCAT - 11 Dec 2008 12:10 - 38 of 182

Shares Mag tips them as a recovery stock if interest rates continue to fall. The theory is that their debts will become easier to finance. Of course, that is assuming they don't go bust!

mitzy - 11 Dec 2008 12:50 - 39 of 182

of course they are right but not a buy yet.

MightyMicro - 11 Dec 2008 17:09 - 40 of 182

How's the fall in interest rates going to help them? That assumes that their bankers will oblige by reducing their borrowing rate (as risk is increasing), also that they will maintain or extend their facilities.

splat - 12 Dec 2008 11:19 - 41 of 182

also, as the economic problems continue, surely their revenue will also fall further. There is, interestingly, evidence that pubs can do well at times of economic woe as folks need the solace of booze even more than usual. Trouble is for them, it's so cheap to drink at home now. I haven't been to many nice Punch Taverns either!!!

mitzy - 14 Dec 2008 11:39 - 42 of 182

I've changed my target from 5p to 2p.

cynic - 14 Dec 2008 11:55 - 43 of 182

pub groups are currently only good for shorts ..... weatherspoons seems to be bucking the trend, but just look around and see how MT everywhere is

mitzy - 14 Dec 2008 13:24 - 44 of 182

I agree cynic I was in Cambridge last week some pubs have closed others up for sale and only Wetherspoons(the biggest in UK) was busy.

A pint is 100p cheaper than other Cambridge pubs.


I can see Punch ruined.

required field - 14 Dec 2008 16:39 - 45 of 182

Doom and gloom all round !.

mitzy - 14 Dec 2008 16:42 - 46 of 182

Enterprise is probably in the same position last week it fell in sympathy with Punch.

cynic - 14 Dec 2008 17:08 - 47 of 182

sucker punch?

Dil - 14 Dec 2008 18:52 - 48 of 182

My local shuts down and I'm homeless ... this aint funny.
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