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

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 50

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1,720.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,740.00p
  • 52 Week Low: 1,300.00p
  • Currency: UK Pounds
  • Shares Issued: 29.72m
  • Volume: 2,906
  • Market Cap: £511.11m
  • RiskGrade: 90
  • Beta: 0.01

Young's confident in British thirst despite market concerns

By Josh White

Date: Thursday 16 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Brewer and pub operator Young & Co's reported another period of "strong performance" in its first half on Thursday, with total revenue up 6.0% to £144.1m.
The company said that, in the 26 weeks to 2 October, its adjusted operating profit was 10.3% higher than the same period last year at £27.8m, while its reported operating profit eked out gains of 0.4% to £25m.

Adjusted profit before tax was ahead 11.2% at £24.9m, while reported profit before tax remained flat at £22.1m.

Young's said adjusted basic earnings per share rose 13.4% to 41.15p, while basic earnings per share slid 7.1% to 35.62p.

Its board declared an interim dividend of 9.41p per share, a 6% improvement on the interim distribution last year, and the 21st consecutive year-on-year interim dividend increase according to the board.

"We are very pleased with our excellent performance during the period, which once again underlines the strength and effectiveness of a consistent, premium strategy and customer-focussed approach," said chief executive Patrick Dardis.

"The pub is still the go-to place in Britain for drinking and eating out and, while much has been written about the challenges facing the pub industry, we believe that providing customers with well-invested pubs, a quality offer and outstanding customer service is key to our success."

On the operational front, Young's said its tenanted division, Ram Pub Company, outperformed the market with like-for-like sales up 1.6%, although total tenanted sales were impacted by a number of transfers to the company's managed house division.

It made an investment of £14.3m into a number of "significant" redevelopments in its estate, as well as the additions of the Bull in Bracknell and the Chequers in Hanham Mills.

The board confirmed the acquisition of the iconic 'SMITHS' of Smithfield site, and its sister venue in Cannon Street, were completed this week.

It said cash generation remained strong at £33.2m, with net debt falling 7.0% to £117.7m, improving its net debt-to-adjusted EBITDA ratio to 1.7x.

Young's reported strong trading in the first six weeks of the second half, with managed house revenue up 7.0% in total and 4.9% on a like-for-like basis

"Despite the continuing unpredictability of our trading environment, we have made a strong start to the second half of the year," Patrick Dardis explained.

"We are delighted to have acquired the iconic 'SMITHS' of Smithfield, which sits in the heart of the City, as well as its sister venue in Cannon Street, since the period end."

Dardis said both sites were a "fantastic fit" with Young's portfolio of premium managed sites, with their focus on steaks, breakfasts, craft beer and quality drinks, adding that the board was "very excited" about the potential for the company to build upon the acquisition's existing offer going forward.

"Our expectations for the full year remain unchanged and we are confident about our long-term prospects thanks to our premium offer, well-invested and prime located pubs, and the talented teams we have in place across our business."

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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 1,720.00p
Change Today 10.00p
% Change 0.58 %
52 Week High 1,740.00p
52 Week Low 1,300.00p
Volume 2,906
Shares Issued 29.72m
Market Cap £511.11m
Beta 0.01
RiskGrade 90

YNGA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.99% below the market average79.99% below the market average79.99% below the market average79.99% below the market average79.99% below the market average
69.62% below the sector average69.62% below the sector average69.62% below the sector average69.62% below the sector average69.62% below the sector average
Price Trend
78.57% above the market average78.57% above the market average78.57% above the market average78.57% above the market average78.57% above the market average
78.05% above the sector average78.05% above the sector average78.05% above the sector average78.05% above the sector average78.05% above the sector average
Income
74.67% below the market average74.67% below the market average74.67% below the market average74.67% below the market average74.67% below the market average
54.39% below the sector average54.39% below the sector average54.39% below the sector average54.39% below the sector average54.39% below the sector average
Growth
17.20% above the market average17.20% above the market average17.20% above the market average17.20% above the market average17.20% above the market average
39.47% above the sector average39.47% above the sector average39.47% above the sector average39.47% above the sector average39.47% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
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 07-Jun-18 23-Nov-17
Paid 12-Jul-18 08-Dec-17
Amount 10.20p 9.41p

Trades for 22-Jun-2018

Time Volume / Share Price
16:52 121 @ 1,710.00p
16:36 500 @ 1,730.00p
16:19 27 @ 1,710.00p
16:08 49 @ 1,710.00p
15:59 45 @ 1,710.00p

YNGA Key Personnel

CEO Patrick Dardis
Finance Director Steve Robinson

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