Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksYoung & Co's Brewery Share News (YNGA)

Share Price Information for Young & Co's Brewery (YNGA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 952.00
Bid: 946.00
Ask: 954.00
Change: -26.00 (-2.66%)
Spread: 8.00 (0.846%)
Open: 970.00
High: 970.00
Low: 946.00
Prev. Close: 978.00
YNGA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Young's adds 15 pubs with Redcomb acquisition

Wed, 23rd Jan 2019 10:33

(Sharecast News) - Young & Co.'s Brewery announced the acquisition of Redcomb Pubs - a company that owns and operates 15 pubs in "prime" locations - for £34m on a cash-free and debt-free basis on Wednesday.The AIM-traded firm said the Redcomb business currently generated run-rate EBITDA of about £4m.It said investment in the pubs was planned over the next two years, which would naturally have a short-term impact on profitability but "should" have a positive impact thereafter.Young's said that in the first full year of ownership, the pubs were expected to trade at the current run-rate, subject to the impact of any investments undertaken.The pubs would complement the Young's managed house estate, the board said, both in and around London, as well as build upon its "growing presence" in the South West and further enhance its brand.Each of the pubs had a premium offering and distinctive personality that differentiated it in its local market.As a result of the transaction, the Young's managed estate had increased by 8% from 185 to 200.With 70 tenanted pubs in its Ram Pub Company, the total Young's pub estate would increase to 270 pubs.The acquisition was financed through existing debt facilities with Barclays and HSBC, with Young's saying it retained a "strong" balance sheet following the acquisition, and a "robust" long-term financing package."The team at Redcomb, headed by Dan Shotton and Mark Draper, has created an outstanding, well-invested estate of pubs, which we are delighted to add to the Young's fold," said chief executive Patrick Dardis."The acquisition of these pubs represents an excellent opportunity to continue the growth of the Young's managed estate."Dardis said the pubs fit "very well" with Young's expansion strategy, which was focussed on high-quality managed houses."These pubs are all in prime locations, where our premium offer will work extremely well."
More News
4 Jun 2020 12:10

Young's Annual Profit Falls But Revenue Rises Despite Late Virus Hit

Young's Annual Profit Falls But Revenue Rises Despite Late Virus Hit

Read more
4 Jun 2020 08:16

Lockdown dents final profits at Young & Co as it predicts flat sales ahead

(Sharecast News) - Young & Co's Brewery has announced plans to reopen all its pubs by 3 August, but warned sales are unlikely to normalise until 2022.

Read more
29 May 2020 15:02

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

Read more
29 May 2020 09:23

Young & Co's Brewery pulls interim dividend

(Sharecast News) - Young & Co's Brewery said on Friday that it was pulling its interim dividend as its pubs remain shut due to the coronavirus pandemic.

Read more
28 May 2020 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
13 May 2020 15:27

UK TRADING UPDATE SUMMARY: Young & Co Gets GBP30 Million Covid Loan

UK TRADING UPDATE SUMMARY: Young & Co Gets GBP30 Million Covid Loan

Read more
30 Apr 2020 12:09

JPM upgrades M&B in 'precarious times' for UK pubs

(Sharecast News) - JP Morgan raised its rating on Mitchells & Butlers to 'overweight' as it cut 2020 earnings estimates for UK pub companies by an average of two-thirds to reflect the Covid-19 shutdown.

Read more
30 Apr 2020 09:45

UK BROKER RATINGS SUMMARY: ODDO BHF Cuts IAG To Neutral From Buy

UK BROKER RATINGS SUMMARY: ODDO BHF Cuts IAG To Neutral From Buy

Read more
8 Apr 2020 09:43

UK BROKER RATINGS SUMMARY: Jefferies And Liberum Differ Over ASOS

UK BROKER RATINGS SUMMARY: Jefferies And Liberum Differ Over ASOS

Read more
27 Mar 2020 16:31

Young & Co's Says No To Final Dividend As It Furloughs Pub Staff

Young & Co's Says No To Final Dividend As It Furloughs Pub Staff

Read more
19 Mar 2020 11:27

Young & Co's Brewery Provides Three-Month Rent Holiday To Pub Tenants

Young & Co's Brewery Provides Three-Month Rent Holiday To Pub Tenants

Read more
19 Mar 2020 10:48

UPDATE 2-FTSE 100 rises after BoE's new rescue measures, midcaps stuck in the red

* FTSE bounces after BoE eases again* Recent sterling slide helps exporters, banks also gain* Joules, Playtech, Crest Nicholson scrap dividend* FTSE 100 up 1.4%, FTSE 250 down 1.4% (Updates with closing prices)By Sruthi ShankarMarch 19 (Reuters) - B...

Read more
19 Mar 2020 10:11

Young's and Shepherd Neame warn on covid-19 impact

(Sharecast News) - Young & Co said it could be forced to close all its bars as fellow pub operator Shepherd Neame called for further urgent government action to support businesses and workers.

Read more
19 Mar 2020 08:18

Pub operator Young & Co's might close pubs because of the coronavirus outbreak

March 19 (Reuters) - Pub operator Young & Co's Brewery Plc said on Thursday that closing some or all of its pubs for at least a short period is "imminent" due to the coronavirus outbreak.The company, which operates pubs in London and Southern En...

Read more
18 Dec 2019 10:06

Staffline Shares Drop On 2018 Accounting Errors, Poor 2019 Performance

Staffline Shares Drop On 2018 Accounting Errors, Poor 2019 Performance

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.