#UKSTOCKS #MAB #PTEC
PTEC ‘s just reported good results and bounced in price, so a very early vindication. Well done Jon.
It may be worth ignoring NTAV with pub companies. A building as a pub business may be worth £600k:
https://uk.businessesforsale.com/uk/outstanding-highly-profitable-pub-and-restaurant-in-dennyloanhead.aspx
But as a building with no licence it is worth £265k:
https://www.rightmove.co.uk/properties/167723723#/?channel=RES_BUY
These aren't exactly related examples, but the differential is real, and the pub trade is dying on its feet. Cocaine, not alcohol, is the drug of choice for most under 25.
Thanks for the example, certainly reflects the 40 percent discount 👍
PTEC ‘s just reported good results and bounced in price, so a very early vindication. Well done Jon.
It may be worth ignoring NTAV with pub companies. A building as a pub business may be worth £600k:
https://uk.businessesforsale.com/uk/outstanding-highly-profitable-pub-and-restaurant-in-dennyloanhead.aspx
But as a building with no licence it is worth £265k:
https://www.rightmove.co.uk/properties/167723723#/?channel=RES_BUY
These aren't exactly related examples, but the differential is real, and the pub trade is dying on its feet. Cocaine, not alcohol, is the drug of choice for most under 25.
Thanks for the example, certainly reflects the 40 percent discount 👍