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Hello share snatchers. Our beloved government does like to interfere in profit making business, does it not?
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Comments
Pousis
hmmm.
Perhaps a simple place to start is that those greedy tied landlords aren’t or weren’t making a large profit hence the reason for governmental intervention and why there was such a large churn through of those tenants, so therefore Enterprises imaginary new profits won’t be forthcoming in any larger quantities as they are already taking the majority of the profits generated per building.
Or that the current business model being there because it was cheaper to put in place a separate legal entity (ie the tenant) to take on the staffing and operating costs of the premises – ideal at a time when staffing costs are rising dramatically – oops.
or £75m split between 260 premises sold is £289k each average sale price – yet the rest of the estate is apparently valued at £730k apiece for a book asset value of £3.8billion with a debt of £2.4billion still remaining, hmmm – in the words of Paul Daniels “now thats magic”
Or Pubs are in decline due to health concerns, demographic changes, young people being less interested in alcohol and older people being less interested in going out to pubs solely to drink.
It wouldn’t be a long term hold for me but perhaps a Santa one.
J P Spaghetti
Well I hope the Punter’s Return isn’t in the Punch Taverns stable either else it may pretty soon end up a convenience store, especially if NewRiver Retail has any say in the matter!