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Share Name Share Symbol Market Type Share ISIN Share Description
Mitchells & Butlers Plc LSE:MAB London Ordinary Share GB00B1FP6H53 ORD 8 13/24P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.80 -1.25% 299.40 300.40 300.80 309.00 299.80 309.00 591,711 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,475.0 -123.0 -26.2 - 1,785

Mitchells & Butlers Share Discussion Threads

Showing 901 to 923 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
06/11/2020
10:05
I like the "Dirty Burger" at Wotton Hatch so much at I bought the company. It was brilliant. Obviously closed for a bit but they will be back! Https://www.wottonhatch.co.uk/ They own loads of places like this. PE just 4. Not many bargains left - this appears to be one of them!
netcurtains
03/11/2020
11:20
Mitchells & Butlers: a pub group worth a punt by Dr Matthew Partridge: This year has been a nightmare for the hospitality industry. One company that has seen its share price suffer a particularly brutal beating owing to Covid-19 is Mitchells & Butlers. When the stockmarket collapsed in mid-March, Mitchells &Butlers’ (M&B) shares fell to less than a quarter of the level they had reached at the start of the year. Although they rallied strongly over the next few months, they have now started to fall again owing to the return of strict social-distancing measures and regional lockdowns. M&B’s share price is now two-thirds below its level of 1 January. Still, there are some reasons to think that things aren’t as bad as the price would imply. The government’s furlough scheme has allowed M&B to cut costs drastically during the time its pubs and restaurants were shut, while the government’s Eat Out to Help Out scheme in August helped it recover some lost ground. While total revenue has fallen by a third over the last nine months, compared with the same period last year, September sales were only down by around 7%. Meanwhile, M&B’s management has managed to persuade creditors and bankers not only to restructure existing debts, but also to increase lending facilities, thereby greatly expanding the group’s financial breathing space. Of course, the latest wave of restrictions across large party of the country are hardly good news. However, their impact has been cushioned by the fact that the government has allowed pubs and restaurants that serve significant amounts of food to keep operating, even in areas under the tightest restrictions. Given that M&B derives much of its revenue from food sales, this has helped keep closures to a minimum, although some pubs in the North have had to be shut. With growing hopes that a vaccine could be approved in the coming weeks, there is a good chance that the restrictions could be relaxed in time for Christmas. The bad news is in the price: If M&B does manage to get through the current crisis, then the upside for its shareholders could be very large. Not only does it trade at only nine times 2021 earnings (and just four times 2019 earnings), but its shares are also at a huge discount of 57% to the value of its net assets. While many of these assets are in the form of leases, it also owns the freehold of many of its pubs, which could potentially be sold to property developers in order to meet demand for houses and flats. With M&B’s share now trading above their 50-day moving average, its looks as though market sentiment may have bottomed out and begun to improve.
loganair
12/10/2020
18:22
JDW results this week will be interesting.
essentialinvestor
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
1blueletter
06/10/2020
09:20
Nice write up which I would agree with ...
catsick
06/10/2020
08:33
Interest buy perspective on MAB - https://thecollective.finance/?p=88
1blueletter
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 ...
catsick
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?
flyfisher
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
catsick
24/9/2020
15:49
If they had traded profitably over the last 3 months, expect that would have been mentioned.
essentialinvestor
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.
catsick
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
csmwssk12hu
24/9/2020
07:48
Views on the update?
lasata
23/9/2020
12:47
http://www.tobyquest.co.uk/
catsick
22/9/2020
10:50
Looking a bit better now
spursspurs
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 !
catsick
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.
csmwssk12hu
17/9/2020
14:49
If we have another lockdown £1 looks on the cards.
hibberts
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?
spursspurs
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?
rob the slob
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
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