Wetherspoon ( J.d.) Share Discussion Threads

[jimarilo] 20/3/2020 19:39

Watching the Channel 4 news all the hospitals are empty

Channel 4 just said they have been asking for a week to find out the numbers in various parts of hospitals and have been given NO information

The over 70's have been told to stay at home. If you know any 70 year olds you know the practically live in hospitals, my folks have appointments near every week and have both had knee and hip replacements

How much are the government saving keeping 70 year olds at home for at least 12 weeks and looks to be even longer.......how many knee and hip replacements alone have they saved on already, let alone all the other treatments they get

All operations have been cancelled and plenty of over 70's will die at home and not from the virus

All that pension money saved......too many of them living far too long

[essentialinvestor] 20/3/2020 18:40

Two London hospitals are already at full capacity in intensive care,
so as mentioned earlier it was on the cards.

There are reports of people being turned away from hospital
who need urgent care.

[blueball] 20/3/2020 17:43

UK ban in place yes thats right.

[konradpuss] 20/3/2020 17:28

blueball, the government have listened to you.

[blueball] 20/3/2020 16:08

They last a couple of week s lol.

[thailand] 20/3/2020 15:54

Stop robbing the bog rolls, then.

[blueball] 20/3/2020 15:52

Wetherspoons toilets should be shut down filthy squalor.

[remarkomsoc] 20/3/2020 14:28

mass hysteria

[essentialinvestor] 20/3/2020 14:24

Phil, government considering further measures to close London pubs, restaurants and cinemas reportedly.

[philanderer] 20/3/2020 14:22

Who do you trust , Tim Martin or the Chief Medical Officer ?

Martin making a total @rse of himself today.

[johnwise] 20/3/2020 14:21

Remoaners would love nothing better than to see Wetherspoons closed. Thankfully brexiteer Tim Martin is giving them the two fingers and keeping them open.

Whilst the supermarkets are open and packed then surely the pubs are entitled to stay open and make a living?

[ignoble] 20/3/2020 12:50

Indeed
Only need a Spoons employee to test positive ....
Media would no doubt be all over it but how it could ever be Spoons fault is open to all sorts of speculation which would probably be unfounded

[essentialinvestor] 20/3/2020 12:15

Tim is very much entitled to his own view, my concern is could this potentially backfire re publicity as the coronovirus crisis worsens?.


Let's see if any of the BOD buy today.

[waldron] 20/3/2020 12:09

TOP NEWS: Wetherspoons Skips Interim Payout To Save Cash For Covid-19

Fri, 20th Mar 2020 09:11
Alliance News

(Alliance News) - JD Wetherspoon PLC on Friday reported a rise in profit and revenue in the first half of its financial year, but has cancelled its dividend due to the uncertainty surrounding the Covid-19 outbreak.

Shares in the pub owner were 28% higher in London on Friday morning at 713.50 pence each.

In the 26 weeks to January 26, Wetherspoon's recorded pretax profit of GBP57.9 million, up 15% from the GBP50.3 million seen in the same period the year before.

Revenue was 4.9% higher year-on-year at GBP933.0 million from GBP889.6 million.

Like-for-like sales in the first half of the financial year were 5.0% higher. Like-for-like bar sales increased by 4.2%, food sales by 5.6% and fruit/slot machines by 20%.

Like-for-like hotel room sales decreased by 1.3%, however.

Bar sales were 60% of total sales, Wetherspoons noted.

Despite the strong performance, the bar owner has cancelled its interim dividend - owing to the uncertainty caused by the spread of Covid-19.

Chief Executive Tim Martin said: "As recently reported, in the six weeks to March 8, like-for-like sales increased by 3.2% and total sales by 2.9%. In the following week, to 15 March, sales declined by 4.5%. In the early part of the current week, following the UK prime minister's advice to avoid pubs, sales have declined at a significantly higher rate.

"It is obviously very difficult to predict, in these circumstances, how events will unfold in future weeks and months, but we now anticipate profits being below market expectations, so long as the current health scare continues. As a result of this uncertainty, it is impossible to provide realistic guidance on our performance in the remainder of the financial year."

Wetherspoons has decided to delay most of its capital projects, in an attempt to reduce expenditure where possible.

"As a result of these actions, combined with the government's proposals on business rates relief and credit guarantee facilities, the company believes it has sufficient liquidity to maintain operations at a substantially lower level of sales," Martin said.

Wetherspoons ended the interim period with net debt, including bank borrowings and finance leases, but excluding derivatives, of GBP804.5 million. The pub firm generated free cash flow of GBP49.0 million in the period.

Cash & cash equivalents stood at GBP47.4 million at January 26.

Martin added: "As many companies and commentators have noted, the current health crisis places the hospitality industry, in particular, under great pressure. Wetherspoon, like our peers, will be working closely with all parties, including employees, banks, landlords and suppliers, in order to emerge from the situation in the best shape."

By Paul McGowan; [e-mail]

[konradpuss] 20/3/2020 11:32

sponges, I think from when I last checked this country is still a free country. I plan on going to 'Spoons' until they are shut by act of Parliament.

As an aside I think Tim Martin has the right to voice his own opinion - you don't have to agree or follow it.

[sponges] 20/3/2020 11:00

Tim Martin - needs to be very careful (although it may be too late) - ie he has apparently said he will keep pubs open etc in some tv interview and is already getting panned - I think he is on the wrong side of history here and people may remember this "after the war"

[gerryjames] 20/3/2020 08:29

Postcode lottery. BT27 still has a sense of decency. No issues here. It'll be marching season soon...lol

March them up to the top of the hill...that didn't last long. This will be worth buying for keeps at some point. Obviously.

[johnwise] 20/3/2020 08:09

Yesterday Morrisons and Tesco .. No meat, eggs, vegetables, no frozen vegetables. They said they are having three delivery's a day and still cannot keep up with customer panic buying demand

[gerryjames] 20/3/2020 07:58

Indeed Johnwise. They need to address that urgently.

[johnwise] 20/3/2020 07:22

The problem is that the government's plan around self isolation does nothing to reassure any of us about food supply in the coming months. It could cease completely. If you don't panic buy you end up potentially starving.

[cassini] 19/3/2020 23:46

Johnwise
19 Mar '20 - 22:03 - 3122 of 3123
0 0 0
Comedy Unleashed

VIDEO

Haha! Where'd they find an appreciative audience like that inside the M25? ;0)

[thailand] 19/3/2020 23:34

12 weeks eh, Boris? Get Coronavirus done.