Updates

City Pub Group

February 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

ity Pubs has said sales for the year to end December were £45.6m, up 22% on the prior year. Like-for-like sales rose 1.6% driven by price increases implemented at the end of 2018. These price increases were better reflected in trading over the festive period when like-for-like sales went up 7%.Net debt stands at £10.5m (total facilities of £30m) and since the period end City Pubs has exchanged on two freehold sites in Norwich and Exeter for £3m before expected refurbishment costs of £1.1m. Once completed, the group will have 48 pubs and 100 letting rooms. Buy. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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