Mitchells & Butlers Share Discussion Threads

[essentialinvestor] 12/10/2020 18:22

JDW results this week will be interesting.

[1blueletter] 06/10/2020 13:58

Bought some MAB this morning, looks like a good one to hold. Here's a good research piece on it - https://thecollective.finance/?p=88

[catsick] 06/10/2020 09:20

Nice write up which I would agree with ...

[1blueletter] 06/10/2020 08:33

Interest buy perspective on MAB - https://thecollective.finance/?p=88

[catsick] 02/10/2020 09:54

If you compare to other shares priced like basket cases RR and IAG , we have a clear path to profit in the short term, lots of help from the government and no rescue rights issue needed, lots of safety in comparison ...

[flyfisher] 29/9/2020 08:02

Would an expectation of a £95m three months closure loss, business operating at a small profit for july - september and currently trading at break even be a realistic view of the current situation?

[catsick] 28/9/2020 09:53

Trading update is usually just sales levels, they will have lost money while shut as a one off event but if like for like sales are the same as a year ago but you have no rates to pay and a massive vat saving and had ebitda of 20% before then my guess is that it would be very hard not to make a profit for the more recent months

[essentialinvestor] 24/9/2020 15:49

If they had traded profitably over the last 3 months, expect that would have been mentioned.

[catsick] 24/9/2020 12:48

Buying more, trading is good , extra vat gift and a massive way subsidy from the government

[catsick] 24/9/2020 09:24

Will need more staff for table service only but, the numbers for recent trading were surprisingly good given the raft of rules, once we get back to normal this business should look very sound.

[csmwssk12hu] 24/9/2020 08:12

Much better than expected, a lot better than whitbread, I’ve been into a few of their businesses over last few months, good social distancing, seemed busy to me can only imagine when this is all over (next year I suspect) just how busy they will be, they were running on less staff but still coping well which tells me they are managing the finances and using furlough, I actually went passed one yesterday evening and it looked at capacity inside and even had two drinkers outside in the rain under umbrellas. I have been in and used them and they have adopted a policy of if you are eating you can eat inside or outside, if you are drinking only you drink outside, with 77% of property owned freehold and the ability to access plenty of cash to see them through and most likely operated profitably over the last three months these will not be at this price for long, I expect next year a lot of people will look back and think wow I should have bought them then all imho dyor

[lasata] 24/9/2020 07:48

Views on the update?

[catsick] 23/9/2020 12:47

http://www.tobyquest.co.uk/

[spursspurs] 22/9/2020 10:50

Looking a bit better now

[catsick] 21/9/2020 12:45

I guess I was a bit too early

[catsick] 21/9/2020 08:54

125 ok I am going to try catch this falling knife !

[csmwssk12hu] 21/9/2020 08:54

The minute the lockdown is announced the markets will soar just like last time, markets hate uncertainty at the moment they know a lockdown is coming just don’t know when. Once it’s announced it knows where it is at, the government will have to com up with another financial package of support, ironically most businesses are better off closed right now with support than open without it, let’s face it most businesses in March were looking at being closed for six months (except online and supermarkets), even the government expected to be difficult till end of October hence furlough close date, u turn coming on that soon aswell, we came out of lockdown earlier than thought, business grants given and business rates zero till March 2021 all help. A lot of property here is freehold, key is selling off unprofitable ones as property is booming and will boom till end of March when stamp duty reduction ends.

[hibberts] 17/9/2020 14:49

If we have another lockdown £1 looks on the cards.

[spursspurs] 17/9/2020 14:20

hmmm continue to decline.....

[spursspurs] 15/9/2020 13:06

Where do you think this is heading? Will it bounce off £1.40 or continue to decline?

[rob the slob] 10/8/2020 23:04

Just come back from checking the shop floor at my local Miller & Carter in Cardiff (thanks Rishi!):-Every other table blocked off for social distancing -Every available table taken-The new "reduced menu" as advertised in the email circular sent to regulars like me is indeed a hats off clever use of marketing terms. Technically reduced in that there is less choice but they have ramped UP their pricing about 15% from memory! Doesn't seem to have put off bookings but may affect customers menu decisions e.g. which bottle of wine shall I go for maybe?

[csmwssk12hu] 10/8/2020 12:00

Can’t get a table Monday Tuesday or Wednesday this week at any pub near me lol, I can’t imagine they were anywhere near that busy last year, people staying in U.K. on holidays eating and drinking out, nice weather, working from home/pub/beer garden and half price subsidised food and drink three days a week, no rates to pay and only 5% vat so another 15% on your bottom line, I think they will put out a trading statement at the end of August and I expect it to be phenomenal, I’m not sure it’s been picked up on yet, I very much doubt there will be a blanket closure of hospitality, local closures for local spikes yes, but no whole U.K. lockdown. I believe MAB will get through this and adapt to the environment and run profitably. Next year hopefully this will have all calmed down and there are so many delayed sports events coupled with we are overdue a really nice summer and these could be way above where they were all imho dyor

[csmwssk12hu] 06/8/2020 11:19

20% up on the flutter and still legs to go, nice weather weekend ahead, I bothered to go in pubs over the last three days, opening question ‘have you been in with us since lockdown’ majority said no, so it’s worked, more importantly yesterday they were fully booked including large beer garden and large indoor area so bodes well Imho dyor, also Bank of England today says clothing and furniture back above COVID levels, if you are out buying them you will be eating and drinking out, there’s value out there this is cheap imho dyor also just took a small punt on FCCN another value stock that’s too cheap imho, remember dot com boom all internet related stuff got to silly prices then big switch to value, I’ve noticed similar trend in last few days all imho dyor

[chris79] 05/8/2020 20:14

I've sold mine today, looking to trade and hope to get back in cheaper with the crazy moves. These do feel like they want to have bottomed though and are certainly looking cheap long-term.