Wetherspoon ( J.d.) Share Discussion Threads

[isis] 01/11/2024 17:52

Their property is worth at least 2.5 x debt

[essentialinvestor] 01/11/2024 17:51

Yes, but that's my point, WTB is much larger business and has lower debt (ex leases).

[isis] 01/11/2024 17:50

These are being shorted for some reason - easy target atm

[isis] 01/11/2024 17:49

Whitbread not really a good comparison imo MABs Marston are though.
Premier Inns are a huge business now.

[essentialinvestor] 01/11/2024 17:47

isis, JDW still with around 600 million GBP of net debt, plus lease liabilities on top.

WTB, a much larger business, has around 350 Million of debt, all be it with larger lease liabilities due to the size of their hotel estate.

Tim might say..we have lower debt than pre COVID,
but it's arguably still sizeable.

Pub sales likely to be more difficult now.

[gozzie2] 01/11/2024 17:43

Some of the prices are crazy ?It's more like social services Great thing though that people can afford a pint or a cuppa in a social setting Otherwise society is doomed lol

[isis] 01/11/2024 17:40

I think the London ones are basically a bit on the small side to cope with the amount of customers. With the closures it has made them overcrowded, I notice the one's outside London are much bigger and better spread out.

[isis] 01/11/2024 16:31

Can't understand why this has been going down and not other stocks with high staff counts and costs. They will have to pass on prices and tweak costs and wage bills when the time comes.
Sometimes I wonder how they are doing the prices they do and the offers outside London are ridiculously low!

[portside1] 01/11/2024 15:49

Get ready for share actions. Buy buy buy

[portside1] 01/11/2024 15:37

Come on Tim make your move the company needs your advice And clear out the dead branches in management

[portside1] 01/11/2024 15:17

My buy sells sold it was a buy

[portside1] 01/11/2024 15:15

Their is my. 1000

[essentialinvestor] 01/11/2024 15:15

You wonder how many pubs might be left by the end of the decade.

Of particular note is the comment from the Fullers CEO, usually fairly reserved in industry specific comments to the media.

[portside1] 01/11/2024 15:13

Going to add. Another 1000 in two mins

[essentialinvestor] 01/11/2024 15:13

"The Budget is "catastrophic" for the pub industry and will see the price of a pint rise by as much as 40p, a pub boss has warned.

A combination of hiking the amount employers pay in National Insurance and increases to the minimum wage and business rates has sparked fury from the hospitality industry, with many saying they will have to raise prices.

Anthony Pender, owner of two pubs and a restaurant, told the BBC businesses were "being taxed to death", while the boss of Fuller's pub chain said the National Insurance rise was.."

[gozzie2] 01/11/2024 14:02

Absolutely

[giltedge1] 01/11/2024 13:43

Seems good value at £6.10, sold FSTA before budget, made good 1 yr gain, not as busy as JDW. Agree with others should raise prices to reduce overcrowding. Added today £6.10 fall seems overdone, reaction to budget. End of the day, in the 2020's people like to eat out & not likely to give up one of their rewards, as long as affordable. In many locations JDW only affordable option. We'll that's my theory!.

[isis] 01/11/2024 13:05

They will tweak prices and remuneration packages to mitigate the new costs. Their prices are so low that I doubt most will notice, especially when they go elsewhere and see other price rises. They are extremely busy in my neck of the Woods especially after recent closures elsewhere, I notice they have added more tables where possible.
I try to avoid peak times now as getting a bit much!

[portside1] 01/11/2024 12:30

Well I am back in waiting for a take out

[isis] 01/11/2024 12:02

Given they have £2billion turnover they should be able to mitigate the NI rises without being too drastic. £30m or so is less than 2% of turnover.

[isis] 01/11/2024 10:43

These seem to be have been singled out by shorters but the whole sector is affected. Harvester and toby Inns are not franchises and in anycase probably due to the number of staff in each premises wouldn't be exempt anyway!

[portside1] 01/11/2024 08:44

Looking now to £50k or more for a take out by Tim

[portside1] 01/11/2024 08:13

See a buy out. From tim and co