Mitchells & Butlers Share Discussion Threads

[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

[netcurtains] 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!

[loganair] 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.

[essentialinvestor] 12/10/2020 17:22

JDW results this week will be interesting.

[1blueletter] 06/10/2020 12:58

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 08:20

Nice write up which I would agree with ...

[1blueletter] 06/10/2020 07:33

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

[catsick] 02/10/2020 08:54

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 07:02

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?