Andrew Hore Quoted Micro 19 August 2019

NEX EXCHANGE Brewer Adnams (ADB) reported a decline in first half revenues from £35.5m to £34.7m, while the loss increased from £840,000 to £1.15m. Beer volumes were 2% ahead, compared with a 1% decline in the market. Low alcohol beer sales grew. Gin sales fell because of greater competition. A fire at the Ship at […]

Andrew Hore – Quoted Micro 14 January 2019

NEX EXCHANGE Bruce Pubs (PUB) has raised £100,000 from an issue of 7.2% bonds and trading has commenced on NEX. The pubs operator wants to raise up to £20m. The cash will be used to acquire pubs in Scotland. Bruce owns 18 licenced premises with another licence pending. Bruce Pubs is a subsidiary of the […]

CEO admits Marks Business Is Unsustainable

Marks & Spencer MKS  CEO Steve Rowe openly admits in todays strategic update that Marks business is not sustainable and needs to be built into one that is and one which will also delight its customers. If its stores in Greece are anything to go by he is dead right and it is going to […]

Punch Plays Cards Close To Its Chest

Punch Taverns PUB Todays trading statement for the year to 20th August omits virtually any mention of  its trading statistics  It says it has produced a solid set of results following completion of its strategic disposal programme but fails to back that up with any meaningful figures, save to say that average profit per pub has […]

GKN – Headmaster’s Report; Can do Better, Must Do Better

GKN plc GKN The collapse of sterling was to bring a new dawn for what was left of British Industry, lied  Diddy David and the rest of his old Etonian clique of rulers. Well the truth is that it hasnt, at least not yet.  All it has done is help companies to mask performances which are […]