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News Article Comments : Tuppen: Enterprise is secure
Enterprise Inns chief executive Ted Tuppen has insisted that his company’s business model is “robust and secure” with more than 80% of its pubs producing earnings growth.
Tuppen’s comments came after tenanted pubco shares had taken a particular battering on Monday amid fresh fears over the credit crunch and sector prospects.
Punch’s shares tumbled by around 25% to hit £1.20, while Enterprise was down 18p to 157p in the wake of weekend press reports that Punch has 1,400 pubs to let.
Tuppen reported that 83% of Enterprise’s tenanted pubs — those on substantive leases — had produced increased earnings this year.
He also said the queue of screened and funded applicants to take on Enterprise pubs now stood at 550, longer than earlier in the year.
The number of pubs to let also remained relatively low at 757 — less than 10% of the entire estate — with another 342 licensees looking to assign. He said: “Like all consumer-facing businesses, trading is very tough. I’m not trying to bel
61 Posts(s) found for this thread: Now displaying page 6 of 7
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Inez Ward 07/10/2008 08:36:12 |
RE: Tuppen: Enterprise is secure Sorry Martin, posts must have crossed lol. Obviously this doesn't mean that 100% prefer blue, but then again that wasn't the question asked. The only way you can know if 100% prefer blue is to ask that very question, not ask other questions and then produce findings from that data, as you have proven it does not give a true picture. The fact is that Nigel's findings show a different picture to the one that is currently being portrayed by some. The only people who will know if it is correct or not is the pubco concerned and I get the feeling that they will not want to discuss it, unless of course it is a complete fabrication! Somehow I think not lol. This post replies to martin kay > RE: Tuppen: Enterprise is secure |
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Ronald Peters 07/10/2008 14:51:24  |
RE: Tuppen: Enterprise is secure FIGURES JUST DONT STACK UP 80% INCREASE GROTH ?????? OF 7800 1099 TO LET REF TIMES I EXPECT BECAUSE CANT MAKE A LIVING 1300 AVERAGE OF 4,000 TO OVERCOME DIFFICULTIES 850 CURRENTLY HELPING ???? SUFERING WITHOUT HELP 3249 + ????? This post replies to this thread |
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| Tony Preston 07/10/2008 15:47:53 |
perhaps they compounded and annualised the good statistics but show the poorer stats extrapolated over a 10 year period adjusted for annual variations and bash them all together (whatever that all means). This post replies to this thread |
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| Tony Preston 07/10/2008 15:48:43 |
Anyhow, the answer is 42, whatever the question! This post replies to this thread |
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Nigel Wakefield 07/10/2008 16:56:51 |
RE: Tuppen: Enterprise is secure Martin all these failures and closures all have different dates, the Taw figures supposedly cover a number of changeovers, which cannot be identified, probably because they ran out of reasons to get rid of lessees. We have run checks to ensure that they are correct, all the references add up and were confirmed as being correct by a senior being who was no longer with the company. I had a letter from my MP who questioned my comments that lessees were expendable and why would a company over rent a pub virtually ensuring failure by the majority of operators, I agreed with him and sent him a copy of the failure details and suggested that he use the information to ask questions, because bankrupting or penalising people for their last penny for working hard and in the main being totally honest and naive is to my mind and many more totally unacceptable. Whether the threat of the enquiry or purely economics, there does appear to be a change of attitude by some Pub Co's and an acceptance that revolving lessees is a very costly extra, unfortunately it seems to have been overlooked by a number of BDM's or whatever title the company gives them. This post replies to martin kay > RE: Tuppen: Enterprise is secure |
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martin kay 07/10/2008 17:44:49 |
RE: Tuppen: Enterprise is secure Nigel, without doubt, every failure is a personal tragedy. My main query was so what happens in your stats to the "failures and closures". These pubs cannot simply disappear, so presumably they mostly finish up in your TAW figure? Otherwise your analysis would suggest the Company concerned has thousands of boarded up pubs? This post replies to Nigel Wakefield > RE: Tuppen: Enterprise is secure |
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| Nigel Wakefield 07/10/2008 19:11:22 |
RE: Tuppen: Enterprise is secure Martin, they were sent to me as the failures, closures and TAW, they were not records of every pub in the estate, those that were let successfuly are not shown and apparently only appear on this list if they fail or are evicted, TAW represents any temporary arrangement for pubs in trouble, by my understanding. I didn't write the details, they relate to pubs in trouble and it's not a very impressive track record. You might like to ask your company for all the failures over the last two years, but I would hope that you are involved with an honorable Brewer and their failure rate is minimal, apart from people that should never ever be in a pub. This post replies to martin kay > RE: Tuppen: Enterprise is secure |
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| Tony Preston 07/10/2008 22:20:42 |
It seems the FT are a little better informed about the true state of the PubCo finances and the earnings potential of the lessees: http://www.ft.com/cms/s/0/291a19de-9172-11dd-b5cd-0000779fd18c.html This post replies to this thread |
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| Inez Ward 07/10/2008 23:00:26 |
Reaping and sowing spring to mind! What did these two companies expect that people would not put 2 and 2 together and come up with 4? edited by: Inez Ward at: 07/10/2008 23:00:55 This post replies to Tony Preston > Tuppen: Enterprise is secure |
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| D Smith 17/10/2008 18:30:16 |
Enterprise shares reached a low of 97p today and closed at a high of £109.75 today. Could someone tell me what happens when they reach 1p? I do not understand - will Enterprise still be secure? or am I missing something!... This post replies to this thread |
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