Market's view on Young & Co's Brewery
Published on April 2024
- Stock watchers are discussing the performance of Young & Co’s Brewery PLC (YNGA) shares, highlighting a return to profitability in the last fiscal year with significant gains in revenue and reduction in net debt.
- Concerns are expressed over the potential need for another equity raise, especially if there are any more lockdowns or financial pressures, which might dilute existing shareholders’ value.
- The difference between YNGA and YNGN shares is debated, with some preferring YNGN due to its lower cost despite having no voting rights, which some argue holds less significance due to the negligible impact individual votes have.
- Challenges faced during the pandemic, including a significant drop in revenue and profits during interim results, have made some stock watchers cautious about recommending Young’s to others at this time.
- Discussions reflect uncertainty about the future, especially concerning public reception to the new operational norms post-COVID, including social distancing measures in pubs.
- There is also speculation about potential changes to business property relief for AIM stocks, which could affect the stock’s attractiveness to some investors.