Wetherspoon ( J.d.) Share Discussion Threads

[kreature] 18/4/2020 10:56

Oh great thanks John. Have you got any good news for a change?

[kreature] 17/4/2020 15:29

Any estimates on takings at the till for this weekend ?

[konradpuss] 17/4/2020 13:32

glenowing, I think it will be down to whether they can draw on the 'revolver'.

If you are a holder why would you want to be diluted? They have hedged their debt as well.

I think it is far better for 'Big Tim' to just tough it out.

If they can start opening in say four or five weeks, they will get the summer trade and will they then need that extra money from a rights issue?

The play is when are they going to open again.

[glenowen] 17/4/2020 12:41

Two other UK consumer/leisure stocks - Hollywood Bowl and Gym Group - announced successful placings of new shares today, in order to get them through the lockdown. Maybe JDW is considering/should consider the same? I think they would be better off issuing new equity than extending debt. But with the recent policy being one of share buy-backs via borrowing, I doubt they will be inclined towards a placing. But they might have to, if there is to be zero income from trade for the next couple of months.

[konradpuss] 16/4/2020 21:45

On a quick review of the last accounts, with the cash on hand and the head room (if they can draw it) on the 'revolver', I think 'Big Tim' might just avoid a rights issue. If the lock down on pubs goes into the summer (if it does there will be riots) the bets are off.

[chinahere] 16/4/2020 20:59

Looks like the government is offering loans to companies the size of Wetherspoons (over £500m) now:

"Larger companies will be able to tap up to £50m in loans with similar guarantees."

[gswredland] 16/4/2020 19:44

Yes strange times eh?

[konradpuss] 16/4/2020 17:39

gsw, I would not be so sure. They said that about Tesco all the time when that company ran into trouble - it did not happen.

I think 'Big Tim' will do much to avoid a dilution which he has avoided over the years by leverage. Maybe in hind sight that was not so clever. However who would have thought an event would close all branches for weeks.

[gswredland] 16/4/2020 17:17

Rights issue inevitable here but when?

[johnwise] 16/4/2020 12:46

The UK will probably have to continue social distancing until a vaccine for the coronavirus is found, according to a key government science adviser.

[kreature] 16/4/2020 12:33

Will pubs get louder if you have to shout for the other person to hear you 2 meters away ? So maybe we need clearly defined social intercourse rules ? Hopefully they get back to normal asap, and without having to take some experimental vacine to get in

[johnwise] 16/4/2020 12:13

Pressure for exit plan with report given to ministers urging cafes and restaurants be allowed to reopen soon

Recently, Burger King, KFC and Pret have announced plans to partially reopen their stores across the county

[kreature] 16/4/2020 10:25

Maintenance cost on 55 hotels and 900 pubs when closed? Security costs? surely 1 empty hotel would be bad enough? Water rates? Admin on all this? But perhaps everything will be back to normal July ?

[arai] 16/4/2020 10:08

kreature, all will be fine then when we eventually get negative interest rates applied.

[kreature] 16/4/2020 10:04

D’you want the good news or the bad news? ....the good news is that I own 55 hotels.............the bad news is......are you sitting down?

[johnwise] 16/4/2020 09:51

Britain has a 'massive' trade deficit with Communist China as we rebuild Communist China. Britain has not one politician with the back bone to do anything about it

VIDEO:

[kreature] 16/4/2020 09:51

55 Hotels! But closed for corona unfortunately ....

Meanwhile who pays rates council tax etc.?

[taurusthebear] 16/4/2020 09:49

Johnwise - the secret lies in the fact that the Chinese largely restricted it to Hubei province. I'm not sure what's so difficult to understand about that. If it had been all-pervasive, how do you think they'd be almost back to normal now? Doh...

[kreature] 16/4/2020 09:40

How much are the monthly repayments on 800m?

‘The pub chain said net debt was likely to land between £780m and £820m, ‘

[johnwise] 16/4/2020 09:19

While the British queue at food banks

Have a look at what you are helping to build when you buy anything from Communist China

[pete123456] 16/4/2020 09:12

I think spoons have mist a trick. they had the supply chain and kitchens . they should have gone into the fast food delivery service. they could have delivered beer with food.i would have ordered.

[johnwise] 16/4/2020 08:50

Why would anyone believe anything China has to say when they tried to cover the entire thing up? Trump is 100% right here. There is no way that China only had 3,000 deaths in a country that has 1.4 BILLION people. They are lying and need to be held accountable for downplaying the severity of the coronavirus and for not closing their borders and initiating a travel ban as soon as the outbreak occurred.

Donald Trump claims other countries are COVERING UP deaths as U.S. hits 20 per cent of all global coronavirus fatalities with just four percent of the population

[kreature] 16/4/2020 08:49

Thing is, what happens after the next 3 weeks? Nobody knows ?

[johnwise] 16/4/2020 08:34

Food Banks...You can help food banks by donating non-perishables such as tinned vegetables and fish, biscuits and sugar - which are easier to store and hand out to those in need.

Chinese Virus Update:

Coronavirus: 'hundreds of thousands of jobs at risk' as retail sales slump
The British Retail Consortium says the sector is at the "epicentre" of the economic crisis created by the pandemic.

Retail sales fell by 27% in the first two weeks of the UK's lockdown, resulting in the worst monthly decline on record for the sector overall last month, according to industry figures.