Mitchells & Butlers Share Discussion Threads

[libertine] 12/4/2021 10:07

JEFFERIES RAISES MITCHELLS & BUTLERS PRICE TARGET TO 400 (330) PENCE - 'BUY'

[gbh2] 08/4/2021 14:28

This is the only Red in my holding and watchlist!

[investtofly] 25/3/2021 19:01

And The Government and Media wants to close that too.

[undervaluedassets] 15/3/2021 20:34

Latest RNS shows directors loading up on their open issue allocation. They are not stupid.

[undervaluedassets] 11/3/2021 16:38

Goes back to 2019 highs of circa £5 once UK opens back up after lockdown doesn't it ? I think so ... liquidity issues addressed by fully subscribed (oversubscribed) fundraising now. Popular brands. .. Nice back-stop of the property portfolio too...substantive asset backing to balance sheet

[undervaluedassets] 09/3/2021 08:55

Irenek' .. ditto

[irenekent] 09/3/2021 08:45

With a broad range of brands able to appeal to all demographics and budgets I anticipate that the minute the lockdown is over trade will roar back. Most of their premises are quite spacious so easy to offer social distancing where required and in many cases outside seating as well Don't forget that shareholders also get a booklet of 20% off vouchers which can save regular customers quite a lot of money, particularly if your partner is also a shareholder! Makes up for the lack of dividend and not taxed. We took up all our allocated shares in the offer and a large proportion of the extra allocation as well.

[undervaluedassets] 08/3/2021 20:28

This has held up well ex offer. Am cautiously optimistic.

[solarno lopez] 08/3/2021 10:15

Thanks Libertine I had thought it would have fallen more but good news in that case

[libertine] 08/3/2021 09:06

Ex offer was 22nd February

[solarno lopez] 08/3/2021 08:45

when is the X offer date please

[jfinvestments] 03/3/2021 21:04

How long will they be non transferable for?

[undervaluedassets] 03/3/2021 08:11

Well I have taken up the offer and maxed out the additional allocation that I am allowed to buy. I predict we will have another summer broadly at home in the UK(vaccinated). And that everyone will rush back to the pubs and this is the best pub chain 'bar none' (see what I did there)

[chapchip] 26/2/2021 16:14

where has the original thread gone ??

[hellfire796] 16/2/2021 12:02

Just sold out on MAB. That discount price is crazy

[phillis] 16/2/2021 10:47

the upward movement in the sp, post the refinancing announcement is mighty unusual to say the least Nudge nudge wink wink

[skinny] 16/2/2021 08:11

A true leg end.

[lavagrouch] 16/2/2021 08:05

undervaluedassets - Guru

[undervaluedassets] 16/2/2021 07:48

This will never happen to me again I bought "recovery" stocks when the vaccine was announced on the 9th of November 2020. So far a satisfactory experience. But yesterday I had the astonishing experience of having 5 out of the top 7 gainers in the FTSE 350 in my portfolio. at no 1 in ftse 350 yesterday was Wh Smith (12.34% gain on the day) at no 2 in ftse 350 yesterday was National Express (10.98% gain on the day) at no 4 in ftse 350 yesterday was TUI Travel (9.15% gain on the day) at no 6 in ftse 350 yesterday was Carnival (7.92% gain on the day) at no 7 in ftse 350 yesterday was Mitchells and Butlers 7.31% gain) Yes folks I have them all. As I said this will never happen again However please feel free to call me a guru.

[bookbroker] 15/2/2021 08:17

Value underpinned by the major shareholders, they are all in it together!

[typo56] 15/2/2021 08:16

The discount is irrelevant to you if you plan to take up, which you would do because it's an open offer (not rights). That means you either take up or lose out. However, they've not gone ex yet (which is unusual for an open offer), so you do have an exit if you don't wish to participate.

[grabster] 15/2/2021 08:14

Market seems to take same view. And presumably allows for pubs reopening within a couple of months.

[bookbroker] 15/2/2021 07:59

Secured its future nonetheless.

[grabster] 15/2/2021 07:45

Congratulations to those who got out before the weekend. 36% is a heck of a discount.