Wetherspoon ( J.d.) Share Discussion Threads

[bad gateway] 16/10/2020 08:50

Deliberate too. WHO advice recently is lockdowns don't work, they damage the economy and peoples health but try finding that news on our main stream media.

[johnwise] 16/10/2020 08:48

Hitting the panic button will cripple Britain... How DID they turn a crisis into an epidemic of madness?

No10 insists the rules are simpler. To most people, however, they are a mish-mash of oppressive diktats: Complicated, bewildering, illogical and unfair.

For instance, you're forbidden from meeting your brother or daughter for a drink in a pub (assuming you live in different households), but you can go to the office with scores of strangers. Equally, you can work all day sitting next to someone but can't meet them in a bar afterwards. The incoherence verges on breath-taking.

[sbb1x] 16/10/2020 08:46

The government are killing everything.

[arja] 16/10/2020 08:27

I thought WTB might fall too in sympathy but markets fool us sometimes !

[arja] 16/10/2020 08:24

seems to be "tanking" now sb1x and a good short at opening .

[arja] 16/10/2020 08:11

it has weakened a bit since it opened but maybe results not much worse than expected . i think it will fall but clinging to 940 chart support at present .

[sbb1x] 16/10/2020 08:06

Very surprised this hasn't tanked

[arja] 16/10/2020 07:59

looks like it will open only off 15

[arja] 16/10/2020 07:46

that is not good and I wonder if market expected that . We will know in a few minutes .

[raweden] 16/10/2020 07:44

Shocking shocking results. And this included in them:

“ The Company has agreed with its lenders to replace existing financial covenant tests with a minimum liquidity covenant for the period up to and including July 2021. There is material uncertainty beyond this date as to whether financial covenant tests will be satisfied or whether further waivers will be agreed on by lenders. The Company will remain in regular dialogue with its lenders throughout the period.”

[johnwise] 16/10/2020 07:29

"There have been approximately 46 million customer visits to Wetherspoon's UK pubs since 4 July. There have been no instances reported to Wetherspoon through the NHS test and trace system, or from local health officials, of a transfer of the virus from staff to customers or vice versa - or among customers. "

arja 16 Oct '20 - 07:27 - 4728 of 4728 (Filtered)

arja 16 Oct '20 - 07:33 - 4730 of 4730 (Filtered)

[arja] 16/10/2020 07:27

awful food at wetherspoons when I last popped in and they do not even do a carvery .

[gozzie2] 15/10/2020 16:41

Andys not having it I can see anarchy soon .

[essentialinvestor] 15/10/2020 15:57

rescuer, indeed and couldn't make a buy case here atm.

[tomc85] 15/10/2020 15:36

Essential excited grgs a while back was oversold and bounced as expected. This is overbought for a business that has many challenges, cant go with friends or family, social distancing, no pre drinks at wetherspoons for the young ones, students not out as much, disposable income worries, fears of the virus, cash position of business, circuit breaker lockdown, no footy fans drinking before and after the game, they dont even show sports in the pub.
Alot of revenue and footfall lost.

Lastly that valuation looks lofty.

[rescuer] 15/10/2020 15:09

EI - yep, but they'd need cash to clean up - i posted here months ago with a growth solution for JDW, if they raise now say £300m, by the way of a placing at a substantial discount, then they would be able to service the short term debt, acquire failing venues at what will be fire sale prices and expand from there, which will take couple of years, but without any fundraising JDW will struggle in the short term.

brilliant business model, but as it's all about footfall, can see JDW struggling in the short / medium term without any fundraise.

[essentialinvestor] 15/10/2020 15:02

The rational may be ...if 20/25% of your competition go to the wall
then it leaves you in a position to clean up.

Together with customers increasingly attracted to the JDW price point given belt tightening.

[rescuer] 15/10/2020 14:54

I'm short again Tomc85 - but i've a niggle from yesterday and today, there's sustained buying, esp in groups of 10k and up.

The share price is not re-acting like it ought to, was going to double my short position this afternoon, but have held back for now,

it's the forward statement that's interesting, as i think we all know JDW will post a loss tomorrow.

PT 600p

[gozzie2] 15/10/2020 14:53

Wetherspoons will virtually be the only one open near me queues down the road coming .Even tier 3 can serve meals .

[essentialinvestor] 15/10/2020 14:45

Tom, you may have more luck here than on GRG.

[tomc85] 15/10/2020 14:41

Top of channel, rsi sky high. Expensive pe ratio and further lockdowns affecting business.
No social drinking in london now too.

Big spike down tomorrow, short opened today at 950.

[buywell3] 15/10/2020 10:33

buywell is sorry to say that with FTSE 5000 now looking very likely and but soon

This chart looks like 700p imo

BUT there is some light at the end of this ---- IF

buywell urges all posters to research Far-UVC

Adoption of this new technology is the only thing now that can save the world

buywell has spent the last 6 months looking into this read the BUY thread