Wetherspoon ( J.d.) Plc

12.00 (1.63%)
Share Name Share Symbol Market Type Share ISIN Share Description
Wetherspoon ( J.d.) Plc LSE:JDW London Ordinary Share GB0001638955 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  12.00 1.63% 746.00 296,890 16:35:27
Bid Price Offer Price High Price Low Price Open Price
747.00 749.00 751.00 725.50 728.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Restaurants & Hotel Diverse 1,740.48 19.27 15.00 48.93 935.58
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:17 O 3,074 745.947 GBX

Wetherspoon ( J.d.) (JDW) Latest News

Wetherspoon ( J.d.) (JDW) Discussions and Chat

Wetherspoon ( J.d.) Forums and Chat

Date Time Title Posts
05/6/202323:45JD Wetherspoon17,626
05/6/202321:50I AM AL CAPONE2
31/5/202312:59JD WETHERSPOON - Emerging strongly from the Pandemic68
19/5/202320:12Isis and terrorism1

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Wetherspoon ( J.d.) (JDW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Wetherspoon ( J.d.) (JDW) Top Chat Posts

Top Posts
Posted at 13/5/2023 10:13 by bountyhunter
Hi Boozey, yes absolutely!
I view this business as alongside other well known discounters such as SHOE, CARD, and possibly WTB. All have been doing well in the context of emerging from the pandemic in a cash strapped society. Tim Martin's £10m buy at around 4 quid a few months ago and the golden cross on the chart were 2 buy signals imv. Happy to hold and enjoy cheap decent quality real ales in busy Spoons pubs while this consolidates for a while. I can see JDW getting back to around £8 short term and settling there for a while, maybe that would equate to about £10 in old money, but the share price was up to £17 in 2019 pre-pandemic. Results are now better than in 2019.

Posted at 13/5/2023 08:53 by boozey
Hi Bounty yes.

The total dilution was around 23.5% given the second fund raise was on a larger number of shares issued as a result of the first raise.

So a crude analysis would suggest an all time high share price would be some 23% below historical highs to account for that dilution.

How the equity money raised was used is another consideration of course - some of it may have been used to pay down debt for example.

whoever took part in those fund raises is still underwater.

Posted at 12/5/2023 20:12 by bountyhunter
Having made some checks you are quite right but that is in the context of a share price drop of way more than the 22% dilution (15% + 6.95%). Given that profits are now above pre-pandemic levels and debt is reducing you could argue that the shares remain very good value at this level. Also with a lot less pubs around than pre-pandemic there are more customers heading for Spoons pubs not to mention the low prices vs the competition that remains.
Posted at 12/5/2023 15:02 by boozey
Can any long time observer of JDW advise if during the pandemic there was any fund raise that caused material dilution, just so we can compare today's share price with the highs of recent years?
Posted at 05/4/2023 18:52 by bountyhunter
Analysts at Deutsche Bank hiked their target price on pub chain JD Wetherspoon from 640.0p to 750.0p on Wednesday, stating demand had been "reset".

Deutsche Bank highlighted that Wetherspoon shares were up roughly 52% year-to-date, versus the UK midcap index which was down approximately 2%.

"Markets cheered the H123 results (out Friday last week), with the shares up circa 16% from Thursday's close," said Deutsche Bank.

The German bank said the reason for this was the strength in like-for-like sales growth in the first half, as well as continued momentum into the second.

"Given the run-up in share prices, is the potential for further outperformance negligible?," mulled DB, which also reiterated its 'buy' rating on the stock.


Posted at 28/3/2023 11:14 by philanderer
Wetherspoons prospects ‘finely balanced’, believes Interactive

JD Wetherspoons (JDW) has finally pushed past pre-pandemic levels of trading but the prospects for the budget pub chain are ‘finely balanced’, says Interactive Investor.

The group reported pre-tax profits of £57m versus £49m pre-pandemic and a loss of £13m last year. Like-for-like sales were up 5% in 2022 versus 2019, although it still has the burden of £744m debt racked up during the pandemic, compared to £920m last year.

Analyst Richard Hunter said this leaves the chances of reintroducing the dividend or share buyback programme at ‘virtually nil’.

‘The slivers of optimism surrounding Wetherspoons has led to a share price spike of 34% over the last three months, although this is not enough to repair some of the earlier damage, with the shares still down 28% over the last year,’ Hunter explained.

‘Prospects for the group, like its margins, remain finely balanced, with the market consensus of the shares as a “hold” suggesting that investors will cautiously await more fruitful developments and perhaps celebrate better results.’

The shares gained 2%, or 13.5p, to 673.5p on Monday.


Posted at 16/3/2023 15:39 by ukneonboy
Anyone relying on an upturn in consumer spending to drive-up the JDW share price during the current cost of living crisis needs their head examining.
Posted at 06/3/2023 15:59 by livewireplus
One could compromise and go for tea beer...https://www.beer52.com/shop/product/people-like-us/tea-party/2569JDW share price is going up quicker than I expected ....
Posted at 07/2/2023 05:49 by trader465
The JDW model of pile it high sell it cheap is winning market share.

Number of pubs in the United Kingdom from 2000 to 2020
Down 23%

Number of JDW pubs 2000 to 2020
Up 103%

Note from the above links; during the run up to the 2008 financial crisis the number of pubs in the UK fell sharply, while the number of JDW pubs grew y-o-y despite the “financial crisis”.

What does this tell us? It tell us that during lean times people do not stop going to the pub, they simply switch to a cheaper alternative. This is also confirmed by JDW y-o-y revenue growth through 2007, 2008, 2009 financial crisis.

The above data confirms my belief that during the current alleged “cost of living crisis” widely reported on the BBC, JDW revenue will grow and exceed the pre-covid all-time high of £1.8 billion.

We should see an uplift in revenue at March interims, and revenue should continue to increase as JDW continue to gain market share over the more expensive competition.

Posted at 25/1/2023 16:30 by darrin1471
EI. We know there is a "secular at play" with inflation. Food, housing and energy inflation hurts the poorest most and the richest least.
That favours YNGA vs JDW but looking back a year, YNGA's estate was much more suited to covid distancing restrictions than JDW's.
Looking at the present and into the future JDW is a better recovery play IMO as JDW's competition closes and the JDW's price differential becomes more pronounced.

Wetherspoon ( J.d.) share price data is direct from the London Stock Exchange
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