Wetherspoon ( J.d.) Share Discussion Threads

[tim 3] 15/3/2019 09:13

Fast recovery there.

Market makers getting it wrong/playing games?

[ariane] 15/3/2019 08:27

Current trading and outlook

The vexed debate about Brexit has continued since the referendum, nearly three years ago. Although the public voted to leave, the majority of 'the establishment', including most MPs, most universities, the Bank of England, the CBI and media organisations such as The Times, the Financial Times and The Economist favoured 'Remain'.

The result has been a barrage of negative economic forecasts from those quarters, predicting that the

UK will go to hell in a handcart without a 'deal' with the EU - which will effectively tie the country into EU membership and taxation, yet without representation.

The doomsters ignore the most powerful nexus in economics, between democracy and prosperity - and the fact that the EU is becoming progressively less democratic, as it pursues an 'ever-closer union', for which there is no public consensus.

Previous referendum results on major constitutional issues have always been respected in the UK, but if parliament votes either for Theresa May's 'deal' (which keeps us in the EU by the back door) or to remain in the EU, the referendum result will not have been respected. This may well have significantly adverse economic consequences, as the country turns in on itself to endure months, or years, of stifling constitutional argument.

In appendix 1 below can be found an excellent article on these issues from The Spectator magazine, by former Australian prime minister Tony Abbott. In appendix 2, there is a less good article by me, from the latest edition of

Wetherspoon News.

In the six weeks to 10 March 2019, like-for-like sales increased by 9.6%, helped by excellent weather this year and snow last year, and total sales increased by 10.9%.

As previously indicated, costs in the second half of the year will be higher than those of the same period last year. The company anticipates an unchanged trading outcome for the current financial year.

Tim Martin

Chairman

14 March 2019

[ariane] 15/3/2019 08:26

Wetherspoon profits knocked as costs spiral

PA
Mar 15th 2019 3:26AM

Profits at JD Wetherspoon tumbled in the first half of the year as rising sales failed to offset an increase in costs at the pub group.

Pre-tax profits in the six months to January 27 fell 18.9% to £50.3 million as costs rocketed, especially labour, which increased by about £33 million.

However, revenue rose 7.1% to £889.6 million and like-for-like sales were up 6.3% in the period.

Chairman Tim Martin warned that costs would continue to rise in the second half.

He said: “As previously indicated, costs in the second half of the year will be higher than those of the same period last year.

“The company anticipates an unchanged trading outcome for the current financial year.”

He added that in the six weeks to March 10, like-for-like sales increased by 9.6% and total revenue jumped 10.9%, helped by good weather and favourable comparables.

In the first half of the year, the firm opened two new pubs and closed six, bringing its total estate to 879.

Brexit-backing Mr Martin also used the update to wade into politics.

“Previous referendum results on major constitutional issues have always been respected in the UK, but if parliament votes either for Theresa May’s ‘deal’ (which keeps us in the EU by the back door) or to remain in the EU, the referendum result will not have been respected.

“This may well have significantly adverse economic consequences, as the country turns in on itself to endure months, or years, of stifling constitutional argument.”

[essentialinvestor] 15/3/2019 08:16

Exceptionally well run company, higher costs definitely a headwind.
Strong l4l are helping atm, is that sustainable at current levels?,
less sure on that.

[johnwise] 15/3/2019 08:06

"In the six weeks to 10 March 2019, like-for-like sales increased by 9.6%, helped by excellent weather this year and snow last year, and total sales increased by 10.9%.

"As previously indicated, costs in the second half of the year will be higher than those of the same period last year. The company anticipates an unchanged trading outcome for the current financial year."

[the white house] 15/3/2019 08:00

Great results, expansion of pubs and gardens going strongly, superb likes and strong freehold buying

[tallprawn] 15/3/2019 07:21

Ouch - That's a bigger hit to profit than I was forecasting/expecting. Could well see a sizeable re-trace here now through today and the next few days.

[johnwise] 14/3/2019 19:34

Lord Pearson cuts through the Brexit betrayal


Video

[mroalan] 14/3/2019 15:12

MY LOCAL SPOONS VERY QUIET OF LATE.

[optomistic] 14/3/2019 12:50

Very interesting documentary, thanks for posting Johnwise.

[johnwise] 13/3/2019 17:51

Full documentary presented by Peter Hitchens about the history of the UK's relationship with the EU.

This Sceptic Isle - Peter Hitchens

Video

[buywell3] 13/3/2019 02:24

Hang on a minute

Tim ... if there are any freebies going I'm yer man

[johnwise] 12/3/2019 19:13

Tim Martin -his excellent pubs , especially his great tasting real ales and really appreciate his support for democracy and a clean Brexit. He should be knighted - arise Sir Tim.

[buywell3] 12/3/2019 19:02

Tim speaks words that the common working man likes to hear .... nice one Tim


Tim Martin CEO of JD Wetherspoon is one of the only Big Retail stocks doing OK on UK High streets.

He gives what punters want VALUE FOR MONEY

And he is not greedy , which is why he is winning market share of others doing similar to himself (copycats)

Tim also speaks sense about Brexit

It is a shame that Mrs May and her Minions in a very poor quality cabinet lacking business acumen, don't pay attention to what he has said on the issue.

The fact that they have not demonstrates that they are not to be trusted by the Tory voting plebs ... they have their own agenda which is NOT aligned to the last referendum.

Indeed their actions ever since have been diametrically opposed to it.

[mozy123] 12/3/2019 16:36

stay in thailand idiot

[thailand] 12/3/2019 14:03

12 Mar '19 - 13:37 - 2584 of 2585
0 1 0
Good news - you do know that 17.4m people want to leave the EU?


Out of date, 2 million dead since 2016, another 3 million have realised they were conned. 12.4 million deluded, self harmers left.

[johnwise] 12/3/2019 13:44

JD Wetherspoon given go-ahead to open £7m museum in one of its pubs along with a 70-room hotel, in a move set to generate up to 50 jobs, above its Moon Under Water pub in Wolverhampton.

[mozy123] 12/3/2019 13:37

Good news - you do know that 17.4m people want to leave the EU?

[essentialinvestor] 12/3/2019 13:07

A50 extension looms large now. So even a softer BREXIT on the way.

Good news for the UK, and EU.

[johnwise] 12/3/2019 13:04

Brexit latest: Attorney General's verdict delivers blow for Theresa May as he admits UK could still be trapped in EU rules by backstop

[essentialinvestor] 11/3/2019 08:08

hxxps://news.sky.com/story/non-eu-migration-to-uk-highest-for-14-years-but-eu-migration-slows-11566853

So non EU migration is surging.

Lots more of this to come with BREXIT. If you are a strong supporter of multiculturalism and ethnic diversity in the UK, BREXIT is definitely something you should support.