Look at it!

Splat - still in JDW - only other longer term holds atm are HFD and TW. and still have a few PIC left.

well done skinners :)

I'm out for now splat.

Humm!

Indeed!

PUB looking poorly now.

Unlike JDW :-)

Pre close statement has gone down well!

Ker-ching!

2 recent broker recommendations....

Date: 25 August, 2009
Broker: Numis Securities
Company: Punch Taverns


Recommendation:
Retain Buy price target 160p

AND

Broker recommendation full details

Date: 25 August, 2009
Broker: Altium Securities
Company: Punch Taverns


Recommendation:
Retain Buy price target 150p

Punch to cut value of estate by 600m

This has been a lovely short this morning - currently down 7.4%

nice one skinny, saw your post about this yesterday and completely forgot about it :-( would have been short too!!

Cheers Splat! - There are some sensible musings on this over the road.

took a contrarian long @ 111.7 (having said that!) after that acceleration in the drop, and out for a swift +1.5 :-)

Out of 75% of short now - stop @103 on the remainder!

Punch Taverns upgraded to trading buy from hold at Charles Stanley, TP raised to 160p from 115p
Business Financial Newswire
Charles Stanley believes the severity of Punch's situation seems to be receding. The group's reported PBT of 160m, though down 39%, was in line with its expectations, says analyst James Dawson.

'Estate stabilisation appears to be taking hold and the aggressive disposal programme has certainly enabled debt repayment at an equally aggressive rate.

'In our opinion, this may mark a genuine turning point for group operations.'

now under 96p still falling?

Oh yes!

that's what you call an upgrade :-)