Wetherspoon ( J.d.) Share Discussion Threads

[essentialinvestor] 17/3/2020 20:57

Tim, share your sentiments. It's not the end of the world. It will pass.

[johnwise] 17/3/2020 20:20

Unfortunately, thousands of people in the UK are likely to lose their jobs as a result of the Pandemic. The travel and leisure and the hospitality industries will be very badly hit (it is happening already) and it will take many years for these industries to recover. The vast majority of small and local businesses (restaurants, bars, cafes small hotels etc.) will go out of business and will never return It is small businesses with 1-10 members of staff that need urgent Government help not large multi-nationals.

[the white house] 17/3/2020 20:16

Aftertimer

[konradpuss] 17/3/2020 20:09

I just did a bit of research.

In Italy the last two bad years of flu killed in total 6800 people. i.e. 3400 in each
of these bad years.

Total killed to date in Italy by the Corona virus 2500. All poor soles.

I will say no more

[konradpuss] 17/3/2020 19:14

If I heard the Chancellor right, it looks like the government just handed Wetherspoons
circa £27 million.

No UBR for one year.

Say circa 900 pubs x UBR payable say £30k?

I might be low.

[tim 3] 17/3/2020 19:09

Don't know about anyone else but getting a bit sick of all the negativity it may not be the end of the world and we might actually come through this and be stronger on the other side!

[johnwise] 17/3/2020 19:00

Called in to Wetherspoons at 5.30 only unusual 3 customers said it had been very quiet all day..Special offer on the bar mixed grill £4.95 it was good..

[hector_p] 17/3/2020 17:57

I am surprised at the lack of cover on this thread of the Chancellor's £330 Billion package ( copied from Macron, twice as great as the reason people didn't elect Labour).
When the crisis is over we shall have massive inflation and a very weak pound possibly down 30%. But, this aside! This deal today is great for Spoons and the share price is a great trading buy for a rally of perhaps 200 + pence. A little of it is in the price as I write.
I have been short spoons recently and that's been very satisfactory but I do wish the group to live on and succeed.

Typos edited

[essentialinvestor] 17/3/2020 17:13

Would anyone like to take a guess/estimate of how may intensive care beds in the UK
has per 100,000.

6.6 per 100,000.

Perhaps why the vast majority of NHS frontline workers will tell you that
not attempting to flatten the infection curve would have hideous consequences.

Italy intensive care is in near meltdown already, France at 90% capacity in intensive care by late last week reportedly.

And that is still early in the pandemic.

[tim 3] 17/3/2020 14:28

China only had one new case yesterday and business are slowly starting to return to normal, in time that will happen here imo.

[sphere25] 17/3/2020 14:25

Finally! Someone who talks sense:

"Lockdown delays the inevitable and destroys the tax base at the same time, which will cripple the NHS and the economy."

It's not just that, it's everything we are doing already. It's all wrong. Isolate the vulnerable, spend on extra health facilities and let everyone else get on with normal activity. It's too late now.

Look at the carnage out there. Watch the blow ups follow. All avoidable but too many daft and sensitive folk about. Hundreds of millions to be affected now including up 50 million jobs in tourism alone and the virus will still run its course.

It almost makes you wonder whether there are more sinister agendas at play. Clearly a much greater widening in inequality now too.

[12bn] 17/3/2020 13:49

chestnuts - 17 Mar 2020 - 10:55:34 - 706 of 709 serica energy - SQZ
12bn

Everyone knows i am an illiterate buffoon so whats new/////////// his own words but now he is an expert on pubs,LOL.

[waldron] 17/3/2020 13:48

Wetherspoon boss lashes out at Boris over coronavirus comments
[Yahoo Finance UK]
Kalila Sangster
Yahoo Finance UK17 March 2020
Chairman of Wetherspoon Tim Martin
View photos
JD Wetherspoon chairman Tim Martin branded prime minister Boris Johnson's advice that people avoid pubs a 'tactical error'. (Christopher Furlong/Getty Images)

JD Wetherspoon (JDW.L) chairman Tim Martin has described the UK government’s advice to stay away from pubs and other venues over the coronavirus pandemic as a “tactical error.”

“The difference in keeping the hospitality industry open, even with reduced sales, is colossal,” said Martin, as hospitality leaders warned of mass closures and hundreds of thousands of job losses as they reacted to prime minister Boris Johnson’s announcement on Monday.

Martin suggested that the best path for the UK would be to admit that most people will get the virus, while protecting the elderly and sick, thereby building up group immunity.

Read more: Pubs and venues warn of 'crippling blow' as public urged to stay away

He pointed to Wetherspoon sales which have been “positive in the last few weeks in spite of storms and health scares” as evidence that this position would be “in tune with the robust instincts of the nation.”

Martin highlighted the hospitality industry’s contribution to the UK economy, saying that the industry adds £120bn ($146.5m) a year in tax and provides 6 million jobs. Wetherspoon alone contributes £2m a day in tax, according to the company.
Wetherspoon stock chart
View photos
JD Wetherspoon stock chart. (Yahoo Finance UK)

"Lockdown delays the inevitable and destroys the tax base at the same time, which will cripple the NHS and the economy,” Martin said.

“The board continues to plan partially mitigating actions. The company will announce its interim results on 20 March 2020, when a further update will be provided.”

Wetherspoon’s stocks sank 11.5% as the government’s announcement spooked investors.

Shares in other pub chains also nosedived as Marston’s (MARS.L) fell 14.1% and the City Pub Group (CPC.L) fell 14.6%. The City Pub Group also announced cuts in staffing, opening hours and director salaries, and is asking landlords for rent holidays.

Read more: Coronavirus risks pushing hotel, cafe, and bar businesses into extinction

The British Beer and Pub Association has written to Johnson, warning of an “existential crisis” for pubs and brewers that puts hundreds of thousands of jobs at risk. It wants a six-month freeze on company’s business rates and other tax bills.

[essentialinvestor] 17/3/2020 13:35

My other half works in healthcare, 3 of my friends work in NHS hospitals (from line).

We have got to attempt to flatten the curve of infections.

[chestnuts] 17/3/2020 13:24

Taurus

lockdowns are not new in times gone by a lock down might last 18 months not just 3 months because as soon as you go back out to play like the Chinese have done there is the danger that the 2nd wave comes along and they are back to where they were 6 months ago and so on and so on, William wordsworth wrote 3 of his plays in one of the lockdowns from the pneumonia plague which killed more people percentage wise than any other illness

I dont think there is a an easy way of dealing with the corona virus other than get it today as they have better resources available at the moment this probably wont be the case in 2 months time.

The other way is let nature takes its course and let the virus burn itself out.

[the oxford whale] 17/3/2020 13:07

If you think China and South Korea are going to be fine in a couple of months you're very much mistaken. As soon as they lift the quarantine the virus will start to spread again. Expect this to last until a vaccine or effective treatment can be found, probably 18 months away.

[blueball] 17/3/2020 08:56

I imagine they will close by Friday.

[johnwise] 17/3/2020 04:51

Has anyone else on here got a really bad dry cough?
Are they quite sure that chronic diarrhoea and explosive flatulence are NOT symptoms?

'Nothing like the flu':

[taurusthebear] 17/3/2020 01:09

Johnwise - you seem to have followed the daft government premise that an outbreak lasting a year, and killing potentially a million British people, is better than one lasting 2-3 months, as in China and South Korea; simply because Boris hasn't got the cojones to enforce stricter rules. It's a criminal misjudgement in every way, including economically.

[thailand] 16/3/2020 18:15

App orders only, then.