Brulines defers flotation
Brulines, the company behind the 'spy in the cellar' beer-flow monitoring equipment, has reportedly put off its plans to float on the stock market.
It had previously announced an intention to float on the Alternative Investment Market (AIM) - London's junior Stock Exchange.
Brulines, which is estimated to have flow-meter equipment installed in nearly one in four UK pubs, was due to list later this month and had hoped to raise £15m via a placing.
Your CommentsRobert Feal-Martinez via email 08/06/2006"Could this announcement have any thing to do with their one of their major customers offloading pubs. Perhaps they see a stagnation in their meteoric rise. It is true to say that many smaller pubco's and brewers do not want to know about brew lines. This shows a lack of trust in their tenants. We all know they are for spying only and have no other real purpose. Stock takes and epos tills achieve the same result and the important thing is that they are exclusive to the tenant. I do not advocate buying out and would never support a tenant who did unless of course there were other factors at work, such as a change in terms without consultation, or mysteries dray breakdowns preventing a tenant trading. Of course the Pubco's have the right to expect compliance with leases but as we know it's a two way street. If Pubco's abuse the conditions then they have no right to expect compliance."
Graham Allman via email 09/06/2006"I cannot see how the figures match up. Brewlines say that they will have their system in one in four pubs. Well with 60,000 pubs in the UK , that means 15,000 outlets supplied ? This may be why they are "back pedalling"
