Wetherspoon ( J.d.) Share Discussion Threads

[ignoble] 02/9/2018 08:05

Well said , Sir

[johnwise] 02/9/2018 08:04

"Pubs are one of the few places that different age groups and income brackets mix freely in a friendly atmosphere. British culture has revolved around the pub for many centuries, and the closure of our pubs through high taxation and vexatious lawmaking is nothing less than cultural vandalism! They should be allowed to thrive, not be taxed or legislated out of existence."

[johnwise] 02/9/2018 08:02

Pubs chief: Tax online retailers

WETHERSPOON chairman Tim Martin has called for the Government to create “a level playing field” on property tax paid by retailers – including those online. The founder of the pub chain favours a “sensible rebalancing” of the existing business rates system rather than bringing in alternatives like a tax on profits.

[dafrog] 27/8/2018 19:10

Been in Lord Palmerston Portsmouth a few times recently. Excellent service. Denbeighs sparkling Brut £19.95. Even during packed evenings during Victorious music festival service was excellent. Iced water on bar also.

[mroalan] 24/8/2018 11:48

SHOWED UP AT JD,S LAST NIGHT 19 30 ISH curry night,no curry left/no steaks either,what a state of affairs.
I,ve sent them an e mail complaint.

[buywell3] 16/8/2018 14:51

Dear Tim:-

Well done with the beer mats idea

Keep em coming

I like your Lamb Shank deal with a large Red , extra 80p to get to 250ml

Just a bit more gravy ( bout an egg cup full ) with a few onions in would make it even better.

cheers
buywell3

[mroalan] 16/8/2018 11:44

back in tues,flys dealt with they said last weds,er no! not so many but not sure if rentokill are on going with the process? footfall has fallen away of late,half empty tues/weds night, another new girl served me last night,i enquired about did they give her any training,she replied no, mind its not hard to see they have no idea how to pull a pint.

[johnwise] 08/8/2018 21:37

My local spoons and just like the very many others I have visited up and down the country it does not disappoint. Friendly helpful staff, a generally relaxed atmosphere and clean, the usual choice of food and drink at sensible prices. Weatherspoons have a good range of real ales , much nicer than the continental carbonated cr@p, its good to see spoons support for small local independent brewers.

[tim 3] 08/8/2018 20:42

mroalan

Not good,I visit quite a few locally and if anything the standards have improved having said that I dont drink the real ale.

Agree they do seem to have an issue with staff turnover though.

[costax1654x] 08/8/2018 20:29

Is a new listed company BigDISH,next JustEat,small mcap,huge customer expansion in Asia coming to UK.Ex JustEat Ceo,Ex play.com Ceo,app is on AIS and google,offering discounts at restaurants up to 70%.Brilliant story.It will be a few baggers soon

[mroalan] 08/8/2018 20:06

my local spoons in Barry which i use three times aweek has been going down hill for a few years now,the staff turnover is rapid,beer quality has deteriorated,and we have an infestation of fruit fly's which i,m told there working on,very slowly i might add.

[ignoble] 06/8/2018 13:37

A tenner for two is quite reasonable , I have paid some truly silly prices.
Only do it once !

Not forgetting a Wetherspoons breakfast for £3.75 ...

[tim 3] 06/8/2018 09:43

Which is why I mostly drink at spoons when I do go out, its the only place you don't feel robbed every time you go to the bar.

This is where wetherspoons will continue to benefit at the expense of others.

People expect to pay more in a pub but paying around 5 times more than supermarkets to drink in your local is ridiculous.

On visits to London its nearly a tenner for 2 drinks now which makes it a very expensive pastime and why people visit less and just go out for occasions or maybe at the weekend.

[johnwise] 06/8/2018 07:25

Under £2 for a pint of Ruddles in Wetherspoons..


Death of the local: Now most of us think pints are 'unaffordable' after the cost of a lager rose to £3.58 last year

[investorgirl] 30/7/2018 13:20

New stock for me to look at. Conflicting signs from the chart here, 12 pounds seems to have offered fair support in the past, but not entirely reliably. Recent rise may have been halted by that trading statement in the above post? Looks like next year could be tough especially in the final paragraphs.

Wouldn't like to call this either way at this stage, less than 10,000 shares traded so far today. As was mentioned to me elsewhere, thin volumes make for potentially more difficult chart reading.

No trade long or short for me at this stage. Good luck all

[skinny] 11/7/2018 07:04

PRE-CLOSE TRADING STATEMENT

J D Wetherspoon plc presents below its pre-close trading statement for the financial year to 29 July 2018. The preliminary results are due to be announced on 14 September 2018.


Current trading

For the 10 weeks to 8 July 2018 like-for-like sales increased by 5.2% and total sales by 5.6%. In the year to date (49 weeks to 8 July 2018) like-for-like sales increased by 5.2% and total sales by 4.2%.



Property

The Company has opened 6 new pubs since the start of the financial year and has completed the sale of 23 pubs. No further openings are expected in the current year.

About £9m of exceptional, non-cash losses are expected in this financial year, mainly a result of pub disposals which were below the value in our balance sheet.

The Company has also spent £15.6m on buying the freehold "reversions" of pubs of which we were previously tenants.



Financial position

The Company remains in a sound financial position. Net debt at the end of this financial year is expected to be about £740m.

The Company spent £51.6m in respect of share buybacks in the first quarter of the year.

As previously reported, the shareholding of Tim Martin has risen above 30%, as a result of share buybacks in the last 12 years. A rule 9 'whitewash', under the relevant regulations, will again be put forward at the General Meeting in November, which will allow the Company to continue to undertake buybacks

Outlook

The chairman of Wetherspoon, Tim Martin, said:

"We are frequently asked about the effect of Brexit on the Company and the economy. The main advantage of Brexit is that the EU is a protectionist system that imposes high tariffs on non-EU imports such as wine, rice, coffee, oranges, children's shoes and clothes, and over 12,000 other products.

"Leaving the EU allows the UK to adopt the approach of countries like Singapore, Hong Kong, Switzerland and Australia by dismantling these tariff walls, which improves general living standards.

"As the retiring Australian High Commissioner, Alexander Downer, has recently said:

"You will do well if you open your markets and you embrace free trade; there was never a country that embraced free trade that was poor as a result."

"In this connection, Wetherspoon has started to review its product range and has exchanged French champagne for sparkling wine from the UK and Australia, and German wheat beer for UK and American alternatives. The new products are now available, at reduced prices, in our pubs.

"We plan further initiatives in this area in the coming months.

"Huge progress has been made in leaving the EU: the referendum has taken place; the manifestos of the main parties, respecting the result, were endorsed in the general election; Article 50 was triggered and the sensible decision was taken to allow legal EU migrants to stay post-Brexit.

"Unsurprisingly, the prime minister has run into difficulties by making the mistake of prioritising a "deal" with the unelected EU representatives, which they have little incentive to accommodate, rather than a sensible implementation of Brexit in areas under the control of parliament.

"99% of the benefits of leaving the EU, including the avoidance of vast financial contributions, the elimination of tariffs and the reacquisition of fishing rights, need no agreement from any third party. The prime minister can avoid most current problems by prioritising these areas.

"I enclose below (Appendix 1) an article I wrote for the Sun newspaper on this issue.

"We continue to anticipate a trading outcome for this financial year in line with our previous expectations."

"As in the current year, we anticipate considerable cost increases next year, in areas including business rates, the sugar tax, utility taxes and wages. In addition, as a result of an increase in our "swaps", our interest rates will rise by around £7m.

Trading statement ends.

[tim 3] 07/7/2018 21:13

Good grief having a go at Wetherspoons for prices incredible!They want to have a look at some of the outrageous prices other pub chains operate.Particularly what they charge for crisps, soft drinks and mixers and other sneaky practices.Whatever I buy in Wetherspoons be it beer, food or soft drinks I am always pleasantly surprised at the price.As an example I bought two meals with drink included the other week and it was only a few pounds more than buying the drinks alone in another establishment.

[standish11] 05/7/2018 13:44

Typical Channel 4 hypocrisy to highlight this in the knowledge that they charge theircustomers (advertisers) different amounts depending on the time of day,size of audience etc. It's known as "market forces" which most non socialist people adopt most of the time in commercial transactions.

[johnwise] 05/7/2018 11:40

Revealed: How Wetherspoons charges as much as £4 MORE per drink depending on where you live (and prices even vary between branches on the same STREET)

[johnwise] 28/5/2018 23:52

"Tim Martin happens to be running a very successful busines Wetherspoon which is something none of the current batch of Cabinet Ministers have. Given a choice between Tim Martin and Dithering Disaster May to run anything,it is Tim Martin everytime."


'SHOW SOME STEEL!' Brexit-backing Wetherspoon boss urges May to prepare for NO DEAL

AN ENTREPRENEUR who played a leading role in the campaign to leave the EU last night urged Theresa May to “show some steel” by stepping up preparations for a "no deal" Brexit.

[zztop] 04/5/2018 13:12

Think once we break 12 pounds.....

[andyadvfn1] 03/5/2018 09:16

Not much action volume wise today. However Looking to get back in here, think they have fallen far enough from the March highs.Good summer ahead hopefully, World Cup and all.

[careful] 03/5/2018 08:15

What a nanny state.
'No one told me I would get fat eating Pizza and chips, then rounding it off with treacle pudding and custard.' Am I entitled to compensation?
Must go, Face Book has just arranged a date for me.

Let me out of this asylum.