Mitchells & Butlers Share Discussion Threads

[grabster] 06/1/2021 08:47

Trading update tomorrow morning. Obviously refers to the period prior to this week's total lockdown (up till Xmas) - but will carry some comment on the situation now? (Or play safe by avoid doing so?)

[ukneonboy] 24/12/2020 05:45

definite growth / recovery potential after Covid19 watch the youtube https://www.youtube.com/watch?v=ut6CpuRXlnA

[topazfrenzy] 18/12/2020 14:59

I would have thought this would be heading back to under £2 again, in early Jan if not before, if an extended lockdown or similar is announced for after Xmas

[netcurtains] 09/12/2020 10:05

I'll drink to that. Looks good at this exact second - no idea about the next second though.

[viking24] 03/12/2020 13:55

Snow tomorrow and week end.Will be nice to be sitting in a pub, with a glass or two and Week End papers and a "substantial" meal.Pubs will have a fantastic December in allowed areas.Good momentum sector

[netcurtains] 02/12/2020 10:24

Pubs opened today.....

[topazfrenzy] 02/12/2020 08:48

Vaccine being rolled out from next week Stocks like MAB are the place to be, stay out miss out

[netcurtains] 30/11/2020 16:58

What happened to the FTSE - is there a NO DEAL Brexit? Anyone know what happened?

[netcurtains] 30/11/2020 07:44

Government planning to give more support to hospitality sector.

[bookbroker] 30/11/2020 06:56

Do you mean a quid!

[topazfrenzy] 29/11/2020 22:57

£3 here by Xmas You have been warned!

[netcurtains] 27/11/2020 18:12

Ten Days to V day: Https://www.theguardian.com/world/2020/nov/27/hospitals-england-told-prepare-early-december-covid-vaccine-rollout-nhs

[topazfrenzy] 27/11/2020 11:08

Grabbed a few more :)

[weemonkey] 26/11/2020 14:28

As Warren Buffet says "You buy the great company with temporary problems"

[topazfrenzy] 26/11/2020 13:22

Time to add, 2021 is only round the corner, this will be 50% up from here by spring

[phillis] 26/11/2020 13:09

Plenty of banking facilities

[bookbroker] 26/11/2020 12:34

Yes, but as impairments increase so does the net debt. And as most of the northern half in Tier 3 still no light at the end of the tunnel.

[weemonkey] 26/11/2020 12:31

They made an operating profit (operating profit the only profit that really counts at the end of the day) Astonishing. Markets are having an off day.. so this is how it is today. But when the market regains it's composure and now that we exist in a post vaccine world I fully expect this to do well.

[phillis] 26/11/2020 08:25

yes well on top of things and solidly financed when customers return this will fly to historic levels

[netcurtains] 26/11/2020 07:51

We shall see what we shall see. I wonder if they are better than expected. I certainly feel they look good considering this years trading conditions.

[bookbroker] 26/11/2020 07:50

Likely more impairments down the line, only saving grace is that most establishments are food orientated, but Tier 3 lockdowns will continue the pain.

[bookbroker] 26/11/2020 07:48

An operating profit, nothing more, include asset writedowns, interest, etc and not inspiring.

[netcurtains] 26/11/2020 07:46

LOL - Amazing they actually made a profit!!!! (£8m and trading profit of £99m) Total revenue of GBP1,475m declined by 34.1% (FY 2019 GBP2,237m) - Operating profit of GBP8m (FY 2019 GBP297m) - (Loss)/profit before tax of GBP(123)m (FY 2019 GBP177m) - Basic (loss)/earnings per share of (26.2)p (FY 2019 33.5p) Full year includes period of enforced closure due to Covid-19 from 20 March to 4 July - Like-for-like sales(a) decline of 3.5% remained consistently ahead of the market(b) - Adjusted operating profit(a) GBP99m (FY 2019 GBP317m) - Adjusted (loss)/earnings per share(a) (6.3)p (FY 2019 37.2p Cash flow from operating activities of GBP127m (FY 2019 GBP266m) despite shortfall in trading - Net debt of GBP1,563m flat across the year (FY 2019 GBP1,564m). GBP2,104m including lease liabilities following the adoption of IFRS16 - Net cash and cash equivalents of GBP158m and undrawn unsecured facilities of GBP140m as at the year end - Unsecured committed financing facilities increased by GBP100m to total GBP250m to 31 December 2021 - Capital investment of GBP108m (FY 2019 GBP152m), including 167 conversions and remodels (FY 2019 240), primarily in the first half - Full property valuation and impairment review undertaken in September resulting, subject to material uncertainty, in an overall decrease in book value of GBP208m

[catsick] 26/11/2020 07:43

Results look good to me , even in the worst year ever in f+b they have generated cash, ok they have had to write down property assets a little but the business is bomb proof relative to most peers ....