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I think that you right about JDW but wrong about BAE, which is surely fully valued by now, and the SP would be at risk if the Ukraine conflict was suddenly resolved. But this is the JDW board, and let's await the October results.
JDW was at £16/£17 in December 2019, right before Covid hit. After that it fell back to £4. I follow some big players like RIo and IHG and both of these are tracking back to pre Covid levels, Rio against the odds with the Chinese economy in the drains. I see no reason not to believe that JDW won’t follow a similar revival particularly one this year’s results are published in three weeks from now. Meanwhile, BAE are a good bet.
Very quiet bb this one....are we going to 800 ?
Having sold out months ago I'm back in at 709 ...if it's good enough for Tim then it's good enough for me.
I bought after Tim did sub 5 at 470 I sold out at 698 some months back only 2k profit....sellers remorse at the time and it went up again to just over 8 on that spike .. hhen the markets dragged it back to low 6s ...tempted to buy again but 720 feels abit high.
Time to load up if you have not already done so. Three weeks until annual financials published, the market monkeys have been playing with the price for the last three weeks as they accumulate to catch the rise.
Well I bought in at £6.825 earlier today, normally the signal for whatever I've bought to immediately drop by a percentage point or two. So I'm pleased to see that for once the reverse happened and it's nearly £7 at the close tonight. It would be good if the company could even out the quality between the very good outlets (eg Coronation Halls in Surbiton), and the crappy ones such as the Tailor's Chalk (Sidcup). But on balance the future for JDW looks to me to be more likely to be positive than negative - hence my purchase.
He got that sell right
Could buy it all back for £30M today
"Where do people get this kinda money lol"
From selling £50m at £11.50 in 2021, just after a placing.
https://www.thecaterer.com/news/tim-martin-sells-50-million-wetherspoon-shares
Certainly does.
Looks promising for the 6th October?
Better returns than savings expected then :)
Amazing purchase and well done that man. Need more buys like in the market place
Savings?
Almost £7m quids worth!!
Where do people get this kinda money lol
@milnrowmug
I rather think you’ll regret selling at £7. I see quick run-ups to £8 and £9 as being very possible in the coming weeks
Hi there, happy team. Sorry I'd never heard of the footballer, but apparently world-famous in the "Toon".
Back over £7 for a moment today, I sold a few at a tiny profit. If I'd paid attention I'd have got them back for less. I looked in after pizza shed poor news, seems it's another game, no ale. Gla.
The medium term price target is as prior to Covid, more than double todays price. Annual report early October when the best results ever will be published.
And now they're at it again, going off Friday's RNS. I don't get it, why would Mail readers even be interested in jdw? In my nearest branch, most fellow drinkers are either too intelligent to want to read it, or too thick to be able to; a friendly, if polarised crowd. Do lots of retail shareholders read the Mail, is that why Tim is even bothered?
News from the street
Cons - Bad Weather
Pros - The Ashes, Women's World Cup & Football season starting, (apparently footie fans like a beer)
Good Luck
DYOR
Seems they are still trading well “ Wetherspoon's annualised sales are now approximately £2 billion, the highest ever level, and are over £100m per annum more than in the year before the pandemic.
"Profits, as we said in our recent trading statement, are increasing and employment is also at a record level. That is certainly not the impression the Daily Mail article gave."
Doesn't seem to have boosted sp into close, ahh we'll give it time. The only good thing the Mail ever did was to "libel" Archer, so he could later be locked up. But many read it, I'm serious, not just houseprice and refugee obsessives. Thousands of investors and potential ones might have lost out. Others might have benefitted from lower buy in; swings and roundabouts?
Selecta, thank you!
Don’t agree with you, but fair play to you for defending your position
Hi Peltata,
The forecast, that they are maintaining is £32.5M.
So, basically a range of £30M to £35M.