Have been watching these for a while, I might go in now on this low. Taking a bit of a battering today any ideas as to why. Any news?

Proposed Trade and Industry Committee enquiry into the relationship between pub companies and their tenants.

cheers stalboys, the news came out almost exactly the same time as I posted this.

David Stevenson (FT/Investors Chronicle) mentions Punch Taverns as a stock to avoid in the brewery sector on The Four Wise Monkey Show - Original Discussion at http://www.4wm.co.uk

They have just bought a pub near me - its the roughest seediest pub I've been in, in my life !! and trust me I've been if some ! If there choice of venues is anything to go by , I'd stay well clear. Its that rough the piano's got a bandage on its leg ! oh, the old ones are the best :-)

any views.?

Quite a decent one out of my window.

ITS UP TODAY.

and today.

Moving ahead back to 40p.

50p should not be a problem now its hit 40p.

Both ETI and PUB.

50p here no problem.

Tipped as a share to buy in 2009 today.

Citigroup advising its clients to buy up to 53p.

Interim results

Final Results.

Preliminary Results for the 52 weeks to 22 August 2009

Net debt reduced by over 1 billion; early action taken to address market conditions

Financial Performance*

Results in line with expectations
EBITDA of 514 million (2008: 623 million)

Profit before tax of 160 million (2008: 262 million)

Strong cash flow before financing of 479 million

Disposals of 414 million comprised largely of non-core assets. Disposals are earnings accretive after retiring Group debt

Basic earnings per share of 36.1p (2008: 69.9p)

Net Asset Value per share of 260p, post impairments

Statutory Results (after exceptional items) **

Loss after exceptional items of 176 million following a net exceptional charge of 290 million. All of the exceptional charges were non-cash except for 8 million of reorganisation charges
Exceptional items include a 663 million charge for pub impairments to appropriately value the estate

PUB buy in my opinion - just bought at today's bottom so far - the company is one of the few in this trade to have performed really well - and the nav is 260p! also 'Debt was cut by 1.07 billion pounds, or 24 percent. Thorley said the company bought back just over 1 billion pounds in bonds for 700 million pounds, saving the company money.' 36p divi on just over a quid share before todays over done drop!! this is a bargain imo - only way now is up once people take this in plus other good factors GL

A company with a slightly more turbulent recent history, Spirit Pub Company will reveal its maiden full-year results as a separately listed company on Thursday, after its demerger from Punch Taverns.

Spirit now handles the 900 or so core managed pubs belonging to the business, and it might prove an attractive takeover target. Meanwhile, the remainder of Punch, which is tasked with selling off a large chunk of its leased pubs over the next few years and trying to get its humongous debt pile down a little, will also release preliminary results the same day.

Has the great beer crash pummelled Punch and Spirit shares as low as they're going to go, and is there now some turnaround potential for recovery investors? Some will think so, but to me it still looks like a debt management business running some pubs on the side