Wetherspoon ( J.d.) Share Discussion Threads

[waldron] 25/3/2020 21:12

i see the current capilisation is at present approx half of its enterprise valuation

[traderglt] 25/3/2020 21:08

These are about to go bust - can't pay suppliers

[chestnuts] 25/3/2020 20:53

Konrad

Some are very good points but if these drop below £5 again you can see £150m credit will dry up, And if the company as this much money you would think they would make sure they would pay the wages and keep the staff so i would think all is not well by Tims reaction.

[konradpuss] 25/3/2020 20:47

Chestnuts, the debt is fixed rate, long term and the company had circa £50.0 million of cash and £150 million of un-drawn credit facilities as per the last report and accounts (from memory), prior to the current events.

I will bet you a 'Spoons' vegan breakfast you are stone wrong.

Yes, the share price will be lower as capital has been destroyed.

[chestnuts] 25/3/2020 20:44

The trouble is with a debt this big with a falling share price banks become worried as the risk grows and with the GBP also falling at some point interest rates will rise to defend the value,
Tim as not saved for a rainy day and you can tell by the response he is giving in Videos

[chinahere] 25/3/2020 20:22

In a few months time with their staff paid for by the government, the interest free loan from the government and the suppliers held-off etc., all will be back as before.

Only the share price will be different.

[chestnuts] 25/3/2020 20:07

Tim must be worried sick as the debt the company as built itself on cant be serviced and all the spare cash was used to buy its own shares back, this is not how to run a company they should have paid the debt down as the company grew , the board have been very foolish.

Some one will come along and buy the company from the administrators for a few GBP

[chinahere] 25/3/2020 19:35

They are paying for worked hours now at least:

[waldron] 25/3/2020 19:33

25 Mar, 2020
Home
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Frank Prenesti
Sharecast News
25 Mar, 2020 18:44 25 Mar, 2020 18:45
Wetherspoon refuses to pay suppliers until lockdown ends

JD Wetherspoon has told its suppliers it will not pay them until pubs reopen after the coronavirus lockdown, according to an email seen by sustainability website Footprint.
Wetherspoon (J.D.)
843.50
16:35:07 25/03/20
1.62%
-1.50
FTSE 250
14,819.91
16:40:19 25/03/20
4.57%
647.18
FTSE 350
3,148.26
16:46:22 25/03/20
4.47%
134.59
FTSE All-Share
3,102.98
16:46:22 25/03/20
4.49%
133.40

The move follows an announcement on Tuesday by Wetherspoon's controversial founder and chairman Tim Martin that the pub chain's 43,000 staff would not be paid from Friday until the government's “furlough̶1; scheme to pay 80% of employee wages kicked in.

In the email to suppliers JD Wetherspoon said it was asking for a moratorium on payments “until the pubs reopen, at which point we intend to clear outstanding payments, within a short timeframe”.

Pubs and restaurants were forced to close by the government last Friday as it tried to stem the spread of the pandemic. Martin's approach will increase pressure on already hard-pressed suppliers.

“We understand that this puts significant pressure on our suppliers, but we are kindly asking for your assistance during this very difficult period. A number of our suppliers have already offered assistance and we would be most grateful for your cooperation as well,” the email states.

Martin has become more vocal as the crisis grows. He said he would keep his pubs open in defiance of the ban before he was ordered to close by the government.

[waldron] 25/3/2020 17:53

CHUCKLE I THINK YOU ARE RIGHT


ignoble
25 Mar '20 - 16:15 - 3247 of 3248
0 1 0
If memory serves, Paul McCartney wrote the song

Gawd, do I fancy a Spoons Breakfast



CHEERS

[ignoble] 25/3/2020 16:15

If memory serves, Paul McCartney wrote the song

Gawd, do I fancy a Spoons Breakfast

[waldron] 25/3/2020 15:43

THE BEAR NECESSITIES

[waldron] 25/3/2020 15:40

chuck and cheers



ignoble
25 Mar '20 - 15:37 - 3243 of 3244
0 0 0
Mary Hopkin sang that...
Happy Days..

[ignoble] 25/3/2020 15:38

Watneys Party Four

[ignoble] 25/3/2020 15:37

Mary Hopkin sang that...
Happy Days..

[waldron] 25/3/2020 15:36

ah yes

those were days my friend

chuck and cheers

[ignoble] 25/3/2020 15:35

I remember those days
Sold cigarettes too...

[waldron] 25/3/2020 15:32

Years ago pubs had a closed off part of the where sales were off licence

spooner it stayed

[blueball] 25/3/2020 10:59

Take your profits everyone the former employees have no money after this week.

[konradpuss] 25/3/2020 10:57

Mr.bee, I think this is a very hard call to know when 'Spoons' will re-open.

The company have received a big cheque from the government in respect of UBR.

I think the share price recovery will, going forward, depend on:-

1. How long they remain closed and
2. Trading going forward when the branches re-open

As to No.2 I am positive about this as they are the 'value' option out of all the pub co's.

[mr.elbee] 25/3/2020 10:08

1/Tim knows this will be over soon..why do you think the share price has rocketed in the last 24 hours? He knows something
2/The Times hates him..he is a leading Brexiteer
3/The Times never does the truth

[grupo] 25/3/2020 08:47

The Times: JD Wetherspoon boss Tim Martin has come under fire for his lack of support for the pubs chain’s 43,000 workers as other companies launch new initiatives for their staff and the wider community.


The Times: Whitbread is to put thousands of its staff on temporary leave with full pay in a package of measures designed to shore up the company after it closed its Premier Inns.

[johnwise] 25/3/2020 05:49

Hantavirus there isn’t a human to human transmission?


Video