Daniel Thwaites Plc (DANIEL)

Daniel Thwaites Plc (DANIEL)

AGM Reports

Daniel Thwaites (DANIEL) 2015 AGM report

A trip to Leeds for the annual general meeting of Daniel Thwaites, one of the UK’s oldest family brewers, on July 30, left me little the wiser on a question I have been wrestling with for some time. Is Blackburn-based Thwaites (THW), an ISDX-listed brewery, pubs and hotels group, with a market cap of around £70m, a hugely under-rated value play, or a company in terminal decline? Thwaites’ shares, which at £1.15 are trading at a 60% discount to the company’s net ...