Mitchells & Butlers Share Discussion Threads

[netcurtains] 16/11/2020 19:31

Phillis: You are wrong I am afraid. This property is often bought and sold. Https://www.mbplc.com/aboutus/property/ and this is back from 2016: Https://www.foodserviceequipmentjournal.com/breaking-news-mb-puts-75-sites-up-for-sale/ Good luck Phillis - I suspect you sold too early... This bull run has a long way to go. If no Chirstmas lockdown and AstraZenica positive trial results and good brexit deal we will have a treble whamy. Then there is New Year drinks trade too. Cheers Net.

[phillis] 16/11/2020 19:25

Netcurtains Wrong I am afraid The freehold properties are security for the £1.752m loan notes

[netcurtains] 16/11/2020 18:11

I think the R number will be very important for the next leg up. We need all the cafes and shops open for Christmas to give this a mega lift. Also what would be good is results from AstraZenica Oxford drug.

[dicktrade] 16/11/2020 14:01

ATM the whole market is driven by sentiment alone so who knows, could be 280 or could be 180 depending on the couse the virus takes.

[netcurtains] 16/11/2020 12:53

I was thinking around about 280 by Christmas?

[catsick] 16/11/2020 12:26

Looking great almost up 100 pct now ....

[netcurtains] 13/11/2020 16:37

udervaluedassets: I dont honestly know. I know the staff get full government furlough and I guess business rates holidays. I'm in for NAV and low PE but no idea if they need money. Standard Life have twice upped their stake in MAB recently..... I suspect they do those sort of sums. The German Government has been even more generous than the UK so the German side of the business must be worth a few quid if they need the money.

[undervaluedassets] 13/11/2020 16:24

I want to buy but aren't they going to have to do some sort of capital raise. The second lockdown must have come as a horrible shock. I do not see that much cash on the books

[netcurtains] 12/11/2020 18:23

Phillis: Nope MAB can buy and sell the properties at will. They have sold whole chains for hundreds of millions of pounds - no problem. This is cracker. Low PE, anglo-Germany multi-award winning business, trading at miles below NAV. There will not be many times you will have these sort of opportunities in life. I dont intend to get shaken out - I'm here for the BIG ONE!

[phillis] 12/11/2020 18:16

Presumably the banks hold the properties as security

[netcurtains] 12/11/2020 13:13

MAB has Total Assets of £4.8B and total Liabilities of £2.9B making NET NAV of £1.9B But market cap is just £936M I think much of the NAV is freehold properties (property prices rising). I looked at other crashed pub chains/restaurants and I dont think there is a better NAV investment opportunity in that sector - especially in a stock that is VERY EASY TO TRADE (bid offer spread small) MAB also has a very low PE ratio at present (6 something) This is their corporate website: Https://www.mbplc.com/

[netcurtains] 12/11/2020 11:44

This is cheap for two important reasons- it's NAV is brilliant and it's PE is brilliant

[netcurtains] 12/11/2020 09:57

!FOLLOWFEED

[netcurtains] 11/11/2020 16:23

looks a nice finish to the day.. Cheers! BEER is back!

[netcurtains] 10/11/2020 13:07

NAB some MAB

[netcurtains] 10/11/2020 09:34

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! It has a turnover twice that of Wetherspoons but a market cap of only half wetherspoons. Come on MAB is a RELATIVE bargain.

[1blueletter] 10/11/2020 08:46

Great recovery play stock, long! https://thecollective.finance/2020/10/mitchells-butlers-100-upside/

[mackie] 09/11/2020 15:34

Cheap as the chips they sell. DYOR

[dicktrade] 09/11/2020 13:04

had a bit of luck this morning. been looking at this for a few days as a bounce back play. i hadnt realised how many strong brands it owned. bought 7200 @ 166 , when i looked a bit later it was 20% up it should go further

[catsick] 09/11/2020 12:44

Those 1.25 scoops looking nice now ....

[netcurtains] 09/11/2020 12:34

VACCINE - THIS WILL GO BALLASTIC LOOK AT WHERE IT IS NOW AND LOOK AT WHERE IT WAS!!!!!!!!!!!!!!!!!1

[netcurtains] 09/11/2020 09:25

CHEERS net!

[netcurtains] 08/11/2020 08:15

buywell3: Try one of the Wotton Dirty Burgers when they are back open. They are great (place is very busy - most of their pubs have lots of room and big gardens. People go for the good quality meals... It has a turnover twice that of Wetherspoons but a market cap of only half wetherspoons. Come on MAB is a RELATIVE bargain.

[buywell3] 08/11/2020 08:06

Supermarkets do free home deliveries in a lockdown Cheap beer delivered free to your door = no driving and no covid-19 risk from strangers in pubs Covid cases surging just about everywhere now And look set to continue till spring boris is now stuck with trying to keep a functioning NHS which has around 30,000 staff off sick and things are getting worse since this htTs://www.independent.co.uk/news/health/coronavirus-patient-safety-nurses-nhs-staff-sick-absence-b1454999.html buywell predicts the current lockdown will last for over 2 months see BUY thread Chart 100p retest likely before Jan 1st 2021 imo dyor