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News Article Comments : Pub shares suffer further slump
Pub shares have suffered a further slump this week following the ban on investors short selling financial stock.
Short-sellers, who borrow shares and sell them before buying back at a lower level, now appear to be turning their attention to consumer companies such as pubcos.
It is the second consecutive day of decline for shares in the sector. Punch shares have now hit their lowest level since flotation in May 2002. Shares are down 14.2% from yesterday at 182p. The flotation price was 230p and they reached a peak of £13.23 in 2007.
Well-known short seller David Einhorn is already a prominent investor in Punch stock.
Enterprise shares have fallen 7.11% to 186p while Mitchells & Butlers is down 12% to 240p and JD Wetherspoon is down 7% at 292p.
28 Posts(s) found for this thread: Now displaying page 3 of 3
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George Baker 25/09/2008 15:02:22  |
RE: Pub shares suffer further slump Oz, spot-on! As the potential investors pick over the wreckage at Ground Zero they will surely be thinking "How the Hell was this allowed to happen". All it needs is for potential investors to realise that a very lucrative and safe return on investment is available from their property portfolio WITHOUT having to impose a tie. They will also need to learn that the most valuable part of any pub is the publican. Allow him to make a decent living - and both publican and his landlord can prosper. If the spivs try and move in by rentalising the 'loss of tie' then they too will have to learn the hard way that greed doesn't cut it anymore. This post replies to oz wunsche > RE: Pub shares suffer further slump |
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| George Baker 25/09/2008 17:37:29 |
Pub shares suffer further slump Nice to see the FTSE100 putting on nearly 2% today. But not so good for Giles and the gang. Down to 172p (another 7.65% fall in one day). So £100,000 invested in October last year would now be worth . . . . erh . . . . . £15,794 !! Almost as good for the shareholders as it is for the lessees. What a fantastic success story, and a tribute to the superb skills of such a highly talented team. Win Win, as they say! edited by: George Baker at: 25/09/2008 17:37:40 This post replies to this thread |
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J Mark Dodds 25/09/2008 17:51:59 |
Pub shares suffer further slump Buy HIGH! Sell LOW! This post replies to George Baker > Pub shares suffer further slump |
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D Smith 25/09/2008 17:52:56 |
Pub shares suffer further slump Golly I am so glad that I didn't take up the tip given on these forums to buy,buy,buy last month or was it bye bye bye... This post replies to George Baker > Pub shares suffer further slump |
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| George Baker 25/09/2008 17:56:52 |
Pub shares suffer further slump A shameful breach of my copyright! But I'll let it go. Anyone identify any winners in this utter debacle? This post replies to D Smith > Pub shares suffer further slump |
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| Inez Ward 25/09/2008 21:34:10 |
Pub shares suffer further slump Has anybody read the article in today's Financial Times headed FTSE rallies but Punch battered? This post replies to this thread |
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Graham Allman 25/09/2008 21:48:58 |
Pub shares suffer further slump Inez, something "fishy" about Punch ...(joke) This post replies to Inez Ward > Pub shares suffer further slump |
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| Inez Ward 25/09/2008 22:26:19 |
Pub shares suffer further slump I don't know Graham, is there lol. edited by: Inez Ward at: 25/09/2008 22:29:14 This post replies to Graham Allman > Pub shares suffer further slump |
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