Look at it!

I've changed my mind..5p.

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!

of course they are right but not a buy yet.

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.

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!!!

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

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

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.

Doom and gloom all round !.

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

sucker punch?

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

54p and pubs are closing. People prefer to drink at home now.

my local is a Punch Inn and last year the landlord won a local Camra award which is something.

fine except it doesn't pay the rent

What surprises me is the huge/regular rise in sp ( see graph above), until Dec. 2006.
This at a time when supermarkets are selling cheap beer/lager and Pubs charge more and more.
Add-in the restrictions on smoking ( fresh air at last!) which probably affect drinikers more than average citizens....and this on top of drink-drive activity which tends to make folk stay at home...there being little viable alternative. I for one, do not want any local taxi-firm to know I'm going out, leaving the house empty!
Pub closures are already significant, so I'm not surprised [PUB] sp is falling. Some new ideas are needed....let's retain the character of our old pubs as places to meet; before Olde England is destroyed by accountants. If people don't want to drink there, some other use needs to be found . . . local-TV studios?

my local the landlord John paid to have building work carried out of his own pocket he is a great guy but he is not keen on Punch.

Our locals area manager told him today if he wants to buy the odd barrel in from elsewhere he'll turn a blind eye !

Anything to keep them open now goes as so many are folding.

My local in Reading is a delightful old-fashioned pub which will die when the tenants retire, I suspect, as they make the place. Good food at a sensible price, and reasonable drinks prices. It's a Wadworth pub. Our company has a permanent lunch time table reserved for whoever turns up.

Only thing keeping them going MM , good food .