Wetherspoon ( J.d.) Share Discussion Threads

[timbo003] 09/8/2011 12:53

The Wetherspoon pub the Great Harry in Woolwich was torched last night.

Could explain the relative weakness vs the rest of the sector today.

[jeffian] 18/7/2011 12:18

With the markets fearing Euro-meltdown with collateral damage to banking liquidity, you're pretty safe to be short of any consumer-facing stock IMHO. Don't think it's specific to JDW.

[seahorsel3isure] 18/7/2011 11:28

Sometimes feel as though I'm talking to myself on here.

Isis, is the smoking ban still in place?

Just dropped below 420 this morning for the first time in a while.

Nothing spectacular in the trading update, happy to stay short at the moment.

Anyone see any reason not to be short?

Cheers

SH

[libertine] 01/7/2011 13:27

UBS upgrades JD Wetherspoon from neutral to buy, target price unchanged at 490p.

[seahorsel3isure] 20/6/2011 11:33

JDW bouncing around the 430 level but still holding up better than I would have expected with the current market turmoil.

Company share buy backs perhaps??

[isis] 09/6/2011 15:23

I have noticed prices have risen quite sharply in my local JDW but still cheaper than most other Pubs.
They all seem a bit quieter lately though.

Two of my locals allow smoking now though after hours. :-))

[seahorsel3isure] 09/6/2011 14:54

This is a quiet thread by anyones standards.

Still holding to my belief that this will continue to drop, current retail and leisure environment not seeming to support any change to my views.

Anyone got any other thoughts?

Cheers

SH

[superhoop2] 06/5/2011 08:19

Anybody know if the rumours are correct that JDW are planning opening up in Lyme Regis ... plenty of people here would welcome it but the pubs are bricking themselves.

[seahorsel3isure] 04/5/2011 12:09

sorry, trigger happy and posted twice!

[seahorsel3isure] 04/5/2011 12:09

jeffian

Fair point. I can't disagree with the point on many directors regarding it as part of a remuneration package, just think that if he felt it had legs to increase much from here he would hold on - his basic wage isn't bad I don't think!

Fundamentally, I think that 450 (15x) is toppy in the current climate so upside seems limited whereas if the market looks and corrects at all (either sector specific or overall) we could see a 10% drop quite easily.

Cheers

SH

[isis] 04/5/2011 12:09

Perhaps you'd care to look at all the Writers, Musicians and Artists too that smoke/smoked.

I daresay you're happy with a Pint of Carling and Eastenders on the Pub Box before the Big Game with Wayne Rooney delighting you all with his eloquent prose.


NL done a fantastic job on this front.

[jeffian] 04/5/2011 12:00

So that's another pub companion I could do without. Imagine; the smell of stale pipe tobacco and a little chat about the Theory of Relativity..........

seahorsel3isure,
I don't disagree with your conclusions but I'm never sure that Director deals are much of a guide to anything in these cases. He's given shedloads every year as part of the Share Incentive Plan (there's another 76,000 odd earmarked for him in coming years) and many Directors just treat them as part of their remuneration package.

[isis] 04/5/2011 11:49

Jeff - It's a shame you have allowed yourself to be brainwashed. Many of the Greatest and most influential people that ever lived and still live were all smokers - not that you'd know that or even care as it doesn't fit in with your homogenised petty existence:-

"I believe that pipe smoking contributes to a somewhat calm and objective judgement in all human affairs."
-Albert Einstein, 1950

[seahorsel3isure] 04/5/2011 11:35

Yet again a decent enough set of numbers from JDW supporting my historic thought that this is one of the better run put chains.

I'm following the chief exec though, he has sold around 1/3rd of his holding this morning so I've gone short again!

Decent company but on 15 times earning in the current climate that seems high.

Cheers

SH

[jeffian] 04/5/2011 11:34

In your case, isis, I'd give you free beer to stay at home. The very idea of being in a pub with you droning on about the smoking ban.....

[isis] 04/5/2011 11:15

So you would like to see more Tax on Takeaway Alcohol to force people to go to Souless, Plastic, Rip-Off Pubs which force smokers to stand outside in the Rain, Snow and Wind just so they can charge them exorbitant amounts on Beer etc.?

Well they can stick that!

LOL

[jeffian] 04/5/2011 11:00

Don't start him off!

The issue about taxing alcohol is that the price in the on-trade is already prohibitive whilst the supermarkets are allowed to sell at less than cost (yes, even after the latest Government 'initiatives' under which they only agree to sell at the cost of the tax, not production!). Binge drinkers simply 'pre-load' with cheap supermarket booze before toddling off for one or two more at the local boozer, where at least they are subject to some supervision and (theoretically) prevented from drinking themselves to death on the spot. Any general tax rises which increase the cost in pubs more will exacerbate the problem, so "whacking" tax on alcohol needs to be properly targeted. The proposal to limit binge drinking by putting a minimum 'price per unit' of 50p raised a hollow laugh among publicans having to sell a pint at £3-£4. Even JDW doesn't do £1 pints!

[edmondj] 04/5/2011 10:53

Some fair points although smoking related diseases are a result of free will compared say with many cases of diabetes.

What physio I have had every few weeks, on a couple of occasions in the past decade, is nothing like the daily taxi trips etc, cancer suffering folk (I know) have to engage.

But yes, tax the fatties piling up cheap cakes and biscuits in their trollies!

[isis] 04/5/2011 10:46

EJ - if only it were as simple as that. The NHS claims smokers cost an extra £2.5billion to treat, which btw. is only a fifth of the amount it costs to treat Diabetics. Further to that Smokers pay £10billion a year in Taxes already, so only a quarter of what they pay Tax goes in costs the NHS.
Add to this they supposedly die much younger so therefore cost the state far less in Pension and Health provisions which would otherwise be provided then the Government is in a win-win-win situation.
If you are going down the route of charging extra for people's habits then the Road is endless: Sports Injuries, Car Accidents, Obesity, Diabetics and on and on...........

Ironically many of those that have imposed bans actually smoke, Obama, Clegg, Sarkoozy.................

[edmondj] 04/5/2011 10:32

isis,

Arguably it's well justified to whack tax on smokers, also British binge drinkers, given the extra burden they (especially smokers) put on the health service. Largely avoidable cancers which need dedicated attention.

[libertine] 06/4/2011 09:52

Share Buy Backs now total 7.295,000 in past 3 weeks.
Remaining voting rights 131,573,853.

[isis] 26/3/2011 07:53

I see JDW whacked 10p a pint on beer even though it was taxed at only 5p - inflation going through the roof.
I buy my Tobacco abroad. :-))

Each cigarette earns the State 26p in tax
By Richard Browning
24 March 2011
Reader comments (4) |Calculate
The cost of smoking was dramatically hiked in yesterday's 2011 Budget. Chancellor George Osborne announced a reworking of the taxes on tobacco.



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Every single cigarette is now taxed at 15.5p. There is a further tax of 16.5% on the retail price per packet and VAT is charged on top at the new rate of 20%.
Every cigarette nets the Government around 26p - and on a £6.50 packet of 20, the Government pockets around £5.20.

Duty on beer, wine and spirits were also increased in the Budget, by just over 7% now that the rise is linked to inflation, plus 2%.

From March 28 2011, the duty on every 75cl bottle of wine sold in the UK will be £1.81 - that's before VAT is added to overall retail price - including on to the duty.

Beer duty is 41p a pint and a staggering £7.15 of a each litre of whisky you buy is now duty - again both have VAT at 20% added to the retail price.

›› Now enter your drinking and smoking details to see how much of the national debt you're helping to clear.



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