Young & Co's Brewery 'A' Shares (YNGA)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 50

1,328.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 1,675.00
  • 52 Week Low: 1,310.00
  • Currency: UK Pounds
  • Shares Issued: 34.41m
  • Volume: 11,447
  • Market Cap: £456.91m
  • RiskGrade: 234

Young's to sell most of tenanted pubs estate for £53m

By Michele Maatouk

Date: Monday 12 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Pub and hotels group Young & Co's Brewery said on Monday that it has agreed to sell most of its tenanted pubs estate for £53m in cash as it looks to focus on managed pubs and hotels.
Young's will sell 56 of the 63 pubs in the Ram Pub Company to Punch Pubs & Co. It will retain the remaining seven pubs for the long term.

The group said that following one of its regular reviews, it decided the best way to increase value for shareholders was to withdraw from the tenanted model and focus solely on operating "premium, individual, differentiated and predominantly freehold managed pubs and hotels".

Net proceeds from the sale will be used to strengthen the balance sheet and provide additional capacity for investment in its managed estate. Young's said it will look to acquire predominantly freehold managed pubs

Chief executive Patrick Dardis said: "Young's sole focus will now be on operating well-invested and premium managed pubs and hotels. We have a proven history of making attractive returns from investing in high-quality pubs and this disposal will provide us with additional firepower to upgrade our existing pubs and capitalise on attractive acquisition opportunities that may come to the market.

"During lockdown, we invested a total of £17m in improving the pubs in our managed estate and the purchase of two new pubs: Enderby House in Greenwich and Alban's Well in St Albans.

"We are delighted to be welcoming back our customers and are already seeing encouraging trading, despite some restrictions remaining. The board is confident Young's will emerge from the pandemic in a stronger position and is excited about the future of the business."

The disposal is expected to complete on 9 August.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

YNGA Market Data

Currency UK Pounds
Share Price 1,328.00p
Change Today 2.00p
% Change 0.15 %
52 Week High 1,675.00
52 Week Low 1,310.00
Volume 11,447
Shares Issued 34.41m
Market Cap £456.91m
RiskGrade 234

YNGA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.31% below the market average72.31% below the market average72.31% below the market average72.31% below the market average72.31% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
2.55% below the market average2.55% below the market average2.55% below the market average2.55% below the market average2.55% below the market average
19.40% above the sector average19.40% above the sector average19.40% above the sector average19.40% above the sector average19.40% above the sector average
Income
79.13% below the market average79.13% below the market average79.13% below the market average79.13% below the market average79.13% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
41.69% above the market average41.69% above the market average41.69% above the market average41.69% above the market average41.69% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

YNGA Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jun-22 18-Nov-21
Paid 07-Jul-22 03-Dec-21
Amount 10.26p 8.55p

Trades for 20-May-2022

Time Volume / Share Price
16:35 515 @ 1,328.00p
16:29 16 @ 1,326.00p
16:29 39 @ 1,317.00p
16:29 27 @ 1,326.00p
16:25 40 @ 1,310.00p

YNGA Key Personnel

CEO Patrick Dardis
CFO Mike Owen
COO Simon Dodd

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