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22:09 10/12/2011	China Sparks FTSE Bounce
CHINA SPARKS FTSE BOUNCE Saturday December 10,2011 http://bit.ly/u8e8eu By SpikeyDT
18:21 25/11/2011	Young's where it's at
Young's where it's at By Algy Hall, 25 November 2011 http://www.investorschronicle.co.uk/2011/11/24/shares/news-and-analysis/young-s-where-it-s-at-O7e8j9TR4EYP2KAXAGuXSO/article.html Young ’s has the type of estate that would currently be the envy of most pub companies: high-quality boozers in and around central London. Such pubs have not only been holding up exceptionally well to the economic challenges but have been thriving. Young’s, which has now divested itself from its brewing interests to focus on running its 152 establishments, reported like-for-like sales growth of 4 per cent in its managed houses in the first half. The overall performance was boosted by the recent acquisition of Geronimo, which owns 30 pubs. But while underlying earnings per share (EPS) was ahead 10.7 per cent at 18.7p, the reported numbers were blighted by a £28.5m non-cash loss associated with a property revaluation. However, the gains from the revaluation, which for accounting reasons have to be booked as reserve while losses go through the profit and loss account, seriously outweighted this exceptional charge, and the net uplift in the value of the estate was a hearty £174m to £497m. The group’s 16 hotels are performing extremely well, despite their cyclical nature, and revenue per available room jumped 14.3 per cent in the half year. And, helped by the unusually good weather, Young’s is off to a storming start to the second half with managed house like-for-like sales ahead by 5.4 per cent. Broker Peel Hunt forecasts full year adjusted EPS of 31.5p (2011: 28.3p). Young & Co's Brewery (YGNA) ORD PRICE: 640p MARKET VALUE: £286m* TOUCH: 630-650p 12-MONTH HIGH: 712p LOW: 545p DIVIDEND YIELD: 2.1% PE RATIO: na NET ASSET VALUE: 643p NET DEBT: 40% Half-year to 3 Oct Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2011 67.7 10.9 28.2 6.36 2012 90.4 -16.1 -30.1 6.68 % change +34 - - +5 Ex-div: 30 Nov Payment: 16 Dec *Includes non-voting shares IC VIEW: Reading Young’s results, it is easy to forget the dire conditions consumers face. While it can’t be totally immune to this reality, or the significant cost inflation faced by pubs, the business currently looks exceptionally well positioned. Long-term good value. By SpikeyDT
11:18 24/11/2011	Young's has thirst for success
Young's has thirst for success 24/11/2011 Ben Jaglom http://www.growthcompany.co.uk/news/1675313/youngs-has-thirst-for-success.thtml Following a raft of new openings, pub operator Young & Co (YNGA) has declared a 33.6 per cent increase in revenues. The AIM 50 constituent declared a 10.5 per cent rise in adjusted pre-tax profits to £12.45 million on sales that increased by 33.6 per cent to £90.5 million over the 26 weeks to 3 October. Adjusted earnings per share creeped 10.7 per cent ahead to 18.73p while the interim dividend rose by 5 per cent to 6.68p. Young noted that it had spent £11.6 million on its managed houses and had opened three new pubs that included The Cow in the Stratford Westfield shopping centre, the Lion & Unicorn in Kentish Town, North West London and the Plough in Clapham Junction, South West London. Furthermore the company reported a revaluation in its estate that resulted in a £174 million increase in its book value, also enthusing it is the '15th consecutive year' it has increased the interim dividend. Regarding Geronimo, the pub chain bought last December for £60 million it declared it had played an 'important part' in contributing to the average earnings per pub. Chief executive Stephen Goodyear opined the decision to focus on an estate of 'Premium managed houses, primarily in London and South of England' was 'clearly paying off' insisting this should help the company to 'insulate' itself against the 'worst of any further economic downturn.' Analysts at Peel Hunt are forecasting pre-tax profits of £20.6 million (EPS: 31.2p) on sales of £164.1 million for the year to March 2012. In 2013 profits of £22.4 million (EPS; 34.3p) on turnover of £171.2 million is expected. A dividend of 13.5p and 13.8p is penciled in for 2012 and 2013, respectively. Last recommended by Growth Company Investor this May at 619.5p as a hold, the shares currently trade at 632.25p. Offering a yield of 2.1 per cent the company is a solid performer, having more than doubled its share price since a 2008 low of below 300p. With an impressive estate of prime London-based pubs we retain our hold rating. Tags: AIM 50, British pub industry, New openings Sector: Travel & Leisure Companies: Young & Co's Brewery By SpikeyDT
19:46 26/05/2011	Young's makes progress
http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110526/d87c3396-8786-11e0-b922-00144f2af8e8/Youngs-makes-progress.jsp Young's makes progress Created: 26 May 2011 Written by: John Adams Don't be too concerned by the apparent fall in Young's profits - adjust for acquisition-related costs arising from buying Geronimo Inns in December for £60m, as well as some property-related impairments at a handful of pubs, and pre-tax profit rose 7 per cent to £20.8m. In fact, strip out the sales boost that came from Geronimo's 26 pubs, and Young's like-for like sales performance was pretty good, too. The 120 pubs of the pre-Geronimo managed estate grew like-for-like sales by 1.9 per cent in the year and divisional operating profit grew 11 per cent to £29.2m. Growth has accelerated since the period ended, too, with underlying sales rising by an impressive 8.8 per cent at the managed unit in the first seven weeks of the new financial year. Even the 97 pubs of the tenanted operation - a business that's been especially problematic for many of Young's rivals - saw like-for-like sales rise 1.2 per cent, although the unit's operating profit was largely flat at £5.4m. And the hotel operation, consisting of 17 hotels with 370 rooms in total, also looks in good shape - revenue per available room grew 14.2 per cent. JPMorgan Cazenove expects current year adjusted EPS of 34p (32.7p in 2011). YOUNG & CO'S BREWERY (YNGA) ORD PRICE: 599p MARKET VALUE: £273m† TOUCH: 579-620p 12-MONTH HIGH: 695p LOW: 505p DIVIDEND YIELD: 2.2% PE RATIO: 16 NET ASSET VALUE: 376p† NET DEBT: 67% Year to 4 Apr Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2007 115 8.7 10.4 7.73 2008 122 11.6 16.0 10.80 2009 126 4.2 2.6 12.80 2010 128 18.4 26.0 13.00 2011 143 15.3 37.0 13.26 % change +12 -17 +42 +2 Ex-div: 8 Jun Payment: 14 Jul †Reflects both 'A' ord and non-voting shares Guide to the terms used in IC results tables. More analysis of company results IC VIEW: GoodValue A forward PE ratio of 18 is hardly a bargain, but Young's focus on the economically resilient London and south-east regions gives it a superior growth profile when compared with rivals. Long-term good value. Last IC view: Good value, 565p, 26 Nov 2010 By SpikeyDT
19:43 26/05/2011	Growth investor- Ben Jaglom
Young & Co'sHOLD 26/05/2011 Ben Jaglom Pub operator Young & Co's (YNGA) has unveiled a resilient set of full-year results as its 'premium product' offerings contributed towards an 11.8% rise in sales. The AIM-50 constituent achieved £142.6 in revenue for the 53 weeks to 4 April. Profits before tax fell 17% due to the costs relating to funding the £60m spent on buying London-focused pub chain Geronimo in December. The interim dividend rose 2% to 13.26p while earnings climbed 42.2% to 36.97p a share and the Geronimo deal saw net debt almost doubled to £122.6m. Chief executive officer Stephen Goodyear says the sales increase was driven by factors including 'good weather of late and the fact that most of our pubs are inside the M25.' He notes the Young's hotel business performed strongly, showing a 15.2% rise in accommodation revenue, while 'boutique' hotel opened last December in Wandsworth called The Alma also traded very well. Analysts at house broker J.P. Morgan are forecasting pre-tax profits of £22.1m for 2012 on sales of £171.2m. In 2013 pre-tax profits of £23m are seen on revenue up to £173.6m. Earnings of 34p and 35.3p a share are pencilled in for 2012 and 2013, respectively, A dividend per share of 13.5p for 2012 offers a yield of 2.25% on the current price Looking forward, Goodyear notes 2012 will see both the Olympic Games and the Queen's Diamond Jubilee, with further pub openings expected at locations including the new Westfield shopping centre in Stratford and two sites to trade under the Young's brand at Borough market and Clapham Junction. He declares 'we are still in the market to buy more pubs if the right opportunity comes along.' Last recommended by Growth Company Investor at 577.5p last December Young's shares have gained 7.3% since to 619.5p. Offering a steady dividend and with some strong prospects underpinned by the resilient nature of its 'premium' brand and a London market relatively shielded from the downturn in the wider pub market, we continue to rate the shares as a hold. Tags: AIM-50, Business during the Olympic Game, Patterns in the pub sector, Paying dividends, Royal Jubilee Sector: Travel & Leisure Companies: Young & Co's Brewery Market cap: £180.05mPE Forecast: 18.2 Share price: 619.5p http://www.growthcompany.co.uk/recommendations/1626198/young-and-cos.thtml By SpikeyDT
18:44 22/12/2010	Re: HOLD says Ben Jaglom of GCI
Once it gets to a post a month, I'm doubling my dose of sedatives, can't take the pressure. Seriously though is Youngs subtly being re rated? That's fifty per cent up on the year, which is not at all bad for such a backwater share. By smokehead
8:56 08/12/2010	Re: HOLD says Ben Jaglom of GCI
Phew!! This BB is getting so lively, I will have to sit down with a beer while I read it!! By off the lip 2010
17:26 07/12/2010	HOLD says Ben Jaglom of GCI
By analyst Ben Jaglom of Growth Company Investor London pub operator Young & Co’s emphasis on maintaining its premium image and avoiding cost cutting has served it well of late, unveiling a resilient set of interim results for the year to September. The AIM-quoted outfit grew pre-tax profits 4% to £11.9m on turnover of £67.7m (2009: £67.2m), also reporting a 2% hike in its interim dividend to 6.36p. CEO Stephen Goodyear said that ‘despite the difficult environment’ Young’s had stuck to its strategy of not adopting heavy discounting measures, instead focusing on ‘maintaining our premium position within the marketplace.’ Goodyear, who has worked at the pub operator since joining as sales director in 1995, told Growth Company Investor that the company’s plan for its future was to focus on doing ‘more of the same’, noting that it had recently opened two new sites in Woolwich and Richmond, with the pub operator recently disclosing that it had entered into negotiations to acquire London pub company Geronimo. For the year to March 2011, analyst Paul Hickman of KBC Peel Hunt is forecasting adjusted pre-tax profits to grow by £400,000 to £19.8m on revenue up 1.8% to £129.8m, with an expected dividend of 13.3p, a yield of 2.3% on the current price, with the shares currently trading at just under 20 times earnings. 

Growth Company Investor last tipped shares in the London pub operator at 537p, and they have put on 8.5% since, to today’s 582.5p. Offering a respectable dividend yield and some short-term growth prospects, we think the shares are well worth hanging on to for the time being. http://www.growthcompany.co.uk/recommendations/1304743/young-and-cos-brewery.thtml By petrit
16:23 03/12/2010	Geromino Inns
Times 3.12.2010 page 65 'Young's hopes that gastropubs will help it to shed old image' An article about young's buying out geronimo inns, doubt anyone missed it, must be the first time Young's has ever been mentioned in the mainstream press By smokehead
16:34 25/11/2010	Re: Up 26p!
Is that a Special? By richard599
16:11 25/11/2010	Re: Up 26p!
Just in case there is anybody else looking at this BB!! Up 27 p today! this time for good reason, the results were good and an increased divi! Definitely a share to hold forever By off the lip 2010
13:53 15/05/2010	Re: Up 26p!
Back to where it was. Decent stock though. It has suffered less than most in the sector, so can't see too much going wrong from here. By marginalcomment
20:08 26/04/2010	Re: Up 26p!
One to keep an eye on. If it creeps up 5% a day for two more days, this suggests... mind goes a complete blank...I don't think this is one that can be taken over because of the A and B share structure, it does have a nice property portfolio though and something might be 'brewing' By smokehead
23:14 23/04/2010	Up 26p!
Good grief. I've never known this stock move so much in one day. What's happening? By marginalcomment
8:56 24/02/2010	Re: Anyone else?
Your not totally alone, but this is a very non volatile share, which is why it is worth holding and forgetting about it, so I think you are doing something right!! I have no idea what the RNS signifies. Certainly the SP hasn't moved. By off the lip 2010