Wetherspoon ( J.d.) Share Discussion Threads

[libertine] 18/5/2012 09:06

I thought you would bite straight away. Just back from the Caribbean are we?

[isis] 18/5/2012 08:45

I notice their prices have gone right up.

Have only been down the local Spoons 3 times this year - they can poke it!

LOL

[libertine] 18/5/2012 08:43

The Company was informed on 17 May 2012 that Tim Martin, Chairman of JD Wetherspoon plc purchased 657,000 of the company's ordinary shares at a price of 377.4377p per share. Following this transaction, the number of shares held by Tim Martin and his connected parties is 33,472,473 ordinary shares in the Company which represents 26.56% of voting rights.

[mroalan] 18/4/2012 08:08

it suits me,its a cracking pub with loads of real ale and staff who care about what they sell,for young blokes they know a bit about real ale and even drink the stuff,the girls ain,t got a clue.

[libertine] 17/4/2012 07:55

17 Apr Wetherspoon (J D)... JDW HSBC Overweight 405.10 360.00 470.00 Upgrades

[libertine] 27/3/2012 19:32

JD Wetherspoon plc ("the Company")

Transaction in own shares

Pursuant to the authority given to the Company by shareholders, the Company announces that it has purchased ordinary shares of 2p each as follows:

Date of purchase: 27 March 2012

Number of ordinary shares purchased: 1,200,000

Highest and lowest price paid: 415.2p

The purchase represented an average price of 415.2 per share.

The purchased shares will be cancelled. Following this purchase, the total number of voting rights in JD Wetherspoon plc is 130,422,948 shares.

[aromaannie] 22/3/2012 16:22

Thanks for that isis - an interesting read

[tomkin] 21/3/2012 19:11

demise of pubs coincides with internet bandwidth connection explosion, home cinemas etc.

[varaman] 18/3/2012 03:54

ISIS
I have to agree with you. Appalling quality pubs compared to the competition and not somewhere I would be seen dead in. The ones in Bedford and St Albans are a disgrace.
They have had their day IMHO.

[seahorsel3isure] 15/3/2012 14:54

HA HA - bloody typical, timing is everything.

Still confident though and took a little nibble at an increased position.

[danny murphy] 13/3/2012 17:01

435p well that was a good day wasn't it!!!

[libertine] 12/3/2012 20:02

So it was you who caused the spike up was it.

[seahorsel3isure] 12/3/2012 11:35

I openly admit to being short of JDW again.

Now that the 'bad weather from last year' like for like have been shaken out, sales look like they are slipping.

Add in slower growth and higher costs and there can only be one way for the share price IMHO.

Cheers

SH

[isis] 09/3/2012 10:33

I notice JDW have put up their prices in recent months to not much different than competitors. I have virtually stopped using them now instead taking much more holidays abroad - these Pubs in general are a rip-off with little of comfort:-

Wetherspoon scales back over tax burden

Wetherspoon said it had paid out 43 per cent of its sales in taxes
David Bebber for The Times
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Wetherspoon said it had paid out 43 per cent of its sales in taxes David Bebber for The Times
Martin Waller
Last updated at 9:11AM, March 9 2012
Tim Martin, founder and chairman of JD Wetherspoon said today that he would cut the rate of new pub openings because of the high taxes imposed on pub companies.
Mr Martin, formerly considered one of the most bullish individuals in the industry and keen to expand his estate of about 800 pubs, said new openings each year would be hauled back to 40, from an earlier target of 50.
He said his company would be reviewing its plans for expansion in coming months, "taking account of our concerns for the tax regime". He also announced a disappointing start to trading in 2012.
An outspoken critic of the "pernicious" tax burden on his industry, Mr Martin renewed his attack in the company's halfway figures on the disparity between the 20 per cent VAT that pubs pay and the treatment of the supermarkets, which pay virtually nothing. This allows them to "cross-subsidise drinks prices" and has led to the closure of pubs, particularly in less well-off areas, he says.
Mr Martin takes the unusual step of spelling out in great detail how much his company had to hand over in tax in the half-year to January 22, including how much it pays in landfill tax, climate change levy and TV licenses.
As a consequence, he said that Wetherspoon handed over the equivalent of 43.9 per cent of its sales during the period, an increase from 43 per cent in the same period last year.
Wetherspoon's half-year pre-tax profits were up by 11 per cent to £35.8 million, and like-for-like sales, stripping out the effects of pub openings, were 2.1 per cent ahead. The dividend was held at 4p.
However, the company warned that sales since it last reported on trading in mid-January had been disappointing, with like-for-likes in the six weeks since down 0.7 per cent compared to the same period last year. Mr Martin said that he was "slightly more cautious" about the outcome for the current financial year.
JD Wetherspoon shares fell 0.3 per cent, or 1.4p, to 402.2p in early trading.
Meanwhile, rival pub operator Punch Taverns confirmed the poor trading the industry has experienced since the start of the year. In a trading update covering the 12 weeks to last weekend, the company said that like-for-like sales were down by 0.8 per cent. However, trading in the south east remained "robust" and continued to outperform the rest of the UK.
Roger Whiteside, Punch chief executive, said that profitability in the first 28 weeks of the company's financial year was "broadly in line with management expectations". The company intends to slim down by selling between 400 and 500 of its less successful pubs this financial year.

[libertine] 14/11/2011 08:59

Pubs and restaurants defy the gloom, says Peach Factory
14 November 2011 | 07:47am
StockMarketWire.com - Leading pub and restaurant groups saw collective like-for-like sales ahead 0.9% in October, according to latest Coffer Peach Business Tracker figures.

Total sales, which include the effect of new openings, were up 5.1%, In contrast, retail sales figures for the month were down.

The modest uplift comes despite bleaker news for the economy and consumer confidence.

However, the October figures also come on the back of a 2.8% like-for-like rise in September, a 0.6% increase in August and a 1.0% advance in July.

"People may be reluctant to go out and buy more 'stuff', but they are still willing to go out to eat and drink. It's about the experience, especially if it's good quality and great value," commented Peter Martin of Peach Factory, which produces the sector Tracker, in partnership with KPMG, UBS and the Coffer Group. In all, 24 companies contribute data.

"Quality is still the main factor in choosing where to go out, but value is becoming increasingly important, and with the cost of eating-in and eating-out narrowing in many parts of the market, it remains an attractive proposition even for those with families," Martin added.

Bigger operators were continuing to invest in their concepts and offers, and competition remained fierce, he said. Consumers were increasingly turning to brands, which offered quality, value, consistency and reliability.

As a result, the eating and drinking out-of-home market had continued to out perform the retail sector.

Trevor Watson, director at Davis Coffer Lyons: said "The figures show that operators have been able to sustain and indeed grow top line sales. Some operators have benefited from the unseasonably warm and dry autumn. Management emphasis continues to be focused on defending margins against a background of rising costs in just about every key line of the P&L account." Richard Hathaway, KPMG's Head of Travel, Leisure & Tourism, added: "Despite the turmoil in the eurozone, the performance of Britain's leading pub and restaurant operators remains remarkably robust. Although like-for-like growth remains modest, continued positive figures in the current environment are a credit to the quality of the sector's brands and customer offerings. Total sales growth of 5.1% demonstrates that operators continue to invest in new sites and upgrading or refreshing of existing portfolios.

"Looking forward, however, weak consumer confidence, high inflation and the on-going squeeze on personal finances remain the biggest threats to underlying growth for pub and restaurant operators and, unfortunately, these are not likely to go away anytime soon. The Chancellor's Autumn Statement will therefore be eagerly awaited and the sector will be keen to see some growth stimulus measures that would encourage confidence during the festive season."

Jonathan Leinster, Head of UBS European Leisure Research, observed: "The +0.9% like-for-like increase is comparable to the +1.1% recently reported by JD Wetherspoon for the quarter ended October 23. Consumers are still allocating discretionary spend to pubs and restaurants, however, UK pubs stocks have continued on their downward trajectory over the past three months.

"In part, this is due to ongoing concerns over UK consumer spending. However our UK household cash flow indicates that cashflow pre-savings should rise 2.5% in 2012, which would be similar to 2010 and a significant improvement on 2011. We believe that consumers do find value in some of the pub offerings and we maintain 'buy' ratings on JD Wetherspoon, Marston's and Greene King."

Story provided by StockMarketWire.com

[nellie1973] 04/11/2011 20:15

Tipped in press

[gbb483] 19/10/2011 09:33

Ex Div today and the price has barely flinched.

[lucky_punter] 04/10/2011 08:58

JD Wetherspoon (LON:JDW) is the pick of the quoted managed pubs groups, according to Royal Bank of Scotland, which has buy recommendations on four of the five stocks in the sector.
The only one which failed to move the needle was Greene King (LON:GNK), which is rated as 'hold' with a 480 pence price target.

[lucky_punter] 04/10/2011 08:58

JD Wetherspoon (LON:JDW) is the pick of the quoted managed pubs groups, according to Royal Bank of Scotland, which has buy recommendations on four of the five stocks in the sector.
The only one which failed to move the needle was Greene King (LON:GNK), which is rated as 'hold' with a 480 pence price target.

[danny murphy] 09/9/2011 07:17

Results look good!!!