Mitchells & Butlers Share Discussion Threads

[seekthetech] 08/7/2020 09:52

Citadel having fun shorting every uk pub/restaurant/leisure business

[seekthetech] 08/7/2020 09:52

Citadel having fun shorting every uk pub/restaurant/leisure business

[csmwssk12hu] 06/7/2020 08:53

Well local pubs near me where busy, which was good considering poor weather, did notice Sunday lunch use to be under £7 now just over £10 so they have increased pricing to cover less sales and more costs, by the end of week the weather is changing and is due to be sunny and warm from Friday for a while so next weekend will be a lot busier, same with shopping centres, got progressively busier the longer open, now busier than normal as less competition, also this week expect government to cut vat on hospitality, extend rates holiday by an extra year and may extend furlough to hospitality sector. These will all drive share prices higher in all my opinion, anyone else any thoughts, all imho dyor.

[m_kerr] 03/7/2020 17:25

i wouldn't be so sure. plenty of people are still isolating, and some of those that aren't, are now saving a lot more money because they may be out of a job soon. even for those that go, capacity will be limited, and pubs won't be able to fully pass on their costs. one crumb of comfort for those that survive this, is that there will be closures on the horizon.

[csmwssk12hu] 03/7/2020 13:59

Try booking a table on app, full today and tomorrow at local, also lots of tables outside for capacity, pubs will be very busy for the rest of summer that’s a fact, UK loves it’s booze, no doubt prices will have risen to cover increased cost but people won’t care they want normality again, btw I know of someone who is camping outside a local so they can be first one in a pub after lockdown!

[m_kerr] 03/7/2020 11:28

this is not a very shareholder friendly company in terms of disclosure and engagement with shareholders - the presentation today is 5 slides, only 2 of which contain information. it's clear that these analyst presentations are seen by management as a pain in the backside to get over and done as quickly as possible. speaking of which, i've been trying for a few months to get access to the analyst Q&A section of the presentations, but no luck. their IR are totally unresponsive.

[skinny] 02/7/2020 08:24

FWIW :- Peel Hunt Buy 194.70 191.60 300.00 - Reiterates Liberum Capital Buy 194.70 191.60 300.00 - Reiterates

[buywell3] 02/7/2020 06:39

Net debt of £2.2bn including £543m of lease liabilities following adoption of IFRS 16 No forward guidance Chart retest of 100p beckons IMO dyor

[skinny] 02/7/2020 06:14

Half Year Results. (For the 28 weeks ended 11 April 2020) Highlights Strong operational performance demonstrated before lockdown Rapid and effective action taken to protect guests and team members and to reduce costs New financing arrangements provide security and flexibility Experience of German business provides clear path for re-opening Well positioned to benefit from recovery on re-opening Reported results Total revenue of £1,039m (HY 2019 £1,186m) Operating (loss)/profit of £(51)m (HY 2019 £140m) (Loss)/profit before tax of £(121)m (HY 2019 £75m) Basic (loss)/earnings per share of (25.0)p (HY 2019 14.3p) Trading results First half trading includes nearly four weeks of enforced closure due to Covid-19 Like-for-like salesa growth of 0.9% before closure remained consistently ahead of the marketb Adjusted operating profita £108m (HY 2019 £151m) Adjusted earnings per sharea 7.2p (HY 2019 16.1p) Balance sheet and cash flow Unsecured committed financing facilities extended by £100m to total £250m to 31 December 2021 Capital investment of £82m (HY 2019 £90m), including 2 new site openings and 166 conversions and remodels (HY 2019 208) Cash flow of £58m (HY 2019 £23m) Full property valuation and impairment review undertaken resulting in an overall decrease in book value of £524m Net debt of £2.2bn including £543m of lease liabilities following adoption of IFRS 16 Phil Urban, Chief Executive, commented: "The business was performing very well before the enforced closure in response to Covid-19, building on the strengths of our estate of mainly freehold properties, our diversified and well-loved brands and our team's industry leading operational skills. These assets, coupled with our early experience of re-opening in Germany, give us a clear plan for re-opening and ensure that we are well placed to continue to bring people and communities together and to keep Mitchells & Butlers at the forefront of the eating and drinking-out market."

[josh 32] 24/6/2020 10:29

Actually the opposite I stood outside supermarkets 2 meters apart once inside trying to walking past somebody even 1 meter apart was impossible and largely ignored by everybody

[hawaly] 24/6/2020 09:33

"Anybody with few brain cells knows will be largely ignored " So it folows that those who believe they have more brain cells will stay away from Pubs.

[josh 32] 24/6/2020 07:52

So the share price was valued at 237 when 2 meter rule was in force and no pub opening date but is worth 10 percent less now that 2 meters has been reduced to 1 meter which anybody with few brain cells knows will be largely ignored as anybody who has tried to stick to 70 mph on fast lane of any motorways will tell you and pubs will be opened on july 4th

[davethehorse] 23/6/2020 12:41

GEMD hugely undervalued, once the seller has cleared it will add c30%+

[josh 32] 23/6/2020 12:39

Prime ministers announcement about 2 meter rule reduced to 1 meter obviously not good news where m&b is concerned that's why share price is dropping

[montycat11] 05/6/2020 16:55

The only protection against cov19 is... No protection.. Darwin... Herd immunity.. Strong survive. Rest fail. Happened for millennia.. Every human on the planet has Neanderthal DNA.. Extinct now.. There is no escape. Unless.. V chins give out v cure..

[jsforum] 30/5/2020 13:51

Does anyone know what proportion of the MAB estate have beer gardens please ?

[bookbroker] 14/5/2020 12:57

And the Govt. has been advised by scientists, just like the Foot and Mouth, Ferguson recommended the wholesale slaughter of hundreds of thousands of sheep particularly on the basis of being within a few fields of a suspected case, which turned out to be not true, but farmers were left traumatised, and huge numbers of animals were shot, burned and buried. Disused quarry south of Lockerbie contains tens of thousands of animals, has to be managed like a council tip with funnels for the gasses to escape, but point being scientists offer projections, and read Daily Mail, a rag if there was one, but Fergusons data flawed with regard to Covid-19!

[essentialinvestor] 14/5/2020 10:10

Neil Fergusson does not make government policy, he's a scientist. The PM with Cabinet take and are responsible for decisions.

[arja] 14/5/2020 10:00

you seem to be a stone age relic lacking compassion !

[bookbroker] 14/5/2020 09:46

This company does have cash, and it has furloughed most of its workers, I assume that social distancing will work ok in their places, they are certainly big enough and the places like Toby carveries are easy to control the way tables walk up to the food counter, just do away with salad bars, etc, drinks dispensers. They’ll make more money as some of those allow refills, so make everyone order at the bar and have them brought to the table.

[ashbox] 14/5/2020 09:28

Any specific news causing the fall today?

[arja] 14/5/2020 09:27

chart looks truly awful and in a clear downtrend not even helped by mini rally in the dow . Wish I had a shorting mentality but working on it ! ( smile )