We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mario has dipped his toe in…..from 54 seconds in to his video.
https://www.youtube.com/watch?v=3Wxt0Ocsrs4
packed pubs and restaurants. Due for a rerate.
covered by insurance no doubt will rebuild bigger and better.
I remember working at M&B's brewery at cape hill in the1980's and 1990's it was a huge site and so easy to get lost trying to find my way out. Arhh happy days they also had another brewery at highgate walsall. The capehill site was sold sometime before 2007, demolished and redeveloped into a huge housing estate. That is the end of the history lesson for today.
*Miller and Carter
A branch of Mitchell and Carter has literally sunk
https://twitter.com/sophielouisecc/status/1606284784522518528?t=w57t5TodxagCAwB9oCdeNQ&s=19
think t more likely a large distressed seller who shares have been gladly mopped up.
Missed the 120p buying opportunity flash dip or I would habve been topping up again.
England getting knocked out over the weekend was probably a contributing factor.
I’m not sure what caused today’s drop but I bought a big chunk at 126. This price is almost as low as March 2020 when lockdowns stopped hospitality completely. MAB are carrying debt but my local Harvester and Toby are always busy which is a good sign. Hope this is the bottom
Mitchells & Butlers MAB.L : JP Morgan raises target price to 180p from 169p
That's true but the UK income tax and personal finance outlook has changed considerably since the last set of interims. Fiscal drag and the rising cost of living is going to leave people with far less disposable income. As such I believe the chance of a covenant breach has increased considerably. Furthermore, I don't actually think it looks that cheap on current forecasts which will almost certainly get downgraded. Yes it's on a discount to book value but look what happened at Hammerson...
f15jcm
Bit naughty to highlight this without noting that it is the same wording s in the interim 6 months ago and also in the full year a year ago etc.
Dare I suggest that the company is weathering this well and is in a better position to meet the covenants.
Fortune favours the brave.
These are good results as I do not see any lack of people frequenting the pubs/bars/restaurants certainly in London, everywhere always seems packed! Plus staff generally returning to their offices this should be onwards and upwards from here! IMHO
Agree, UK outlook is grim and it's not a short term thing imo. I'm quite surprised that there are no institutional short positions given the debt.
I can't odds this, and stand well corrected on my predictions of sub quid. I cannot square the SP with the economic outlook
I won't be adding to my modest holding at these levels
Quizzical ... people will not be going out much when the gas bill arrives .., still, GLA
Suggest you read the going concern section
seems the market agrees so should give more confidence to add on weakness.
heading to £2+
Figs look positive, nice to see they trading around 155 on the open.
Each supermarket I go into they are selling and promoting foreign beers . Our breweries are all going to close down at this rate . We need to boycott the foreign stuff and buy British ,. What the hell is wrong with us , Marstons and us are on our uppers . We need to start a Buy British Campaign. Finally after months of looking , yesterday I found some Mackeson's in Morrisons in Ormskirk . Tesco have stopped selling it and non in Sainsbury .
I’ve been going to Harvester for years, however I’m so glad I’ve sold this stock.
Harvester branches have gone to pot (Toby Calvary are falling to bits too!)
Honestly, no peas, mushrooms, black pludding, tomatoes and finally no eggs.
Waiting 42 mins for a collection order this evening too.
I’ve visited two branches in the past 4 days and both have been terrible.
Strong sell I’m afraid, 50% off tonight and the branch was only half full. Worrying.
I think the biggest challenge is the forthcoming 'collapse' (bit string, only a bit though) in disposable incomes
I remain a small holder, watching, yet not willing to add at this price because of how I read the forthcoming months
tbh, only time will tell here imo. On the plus, one of us will be right ! ATB
1st Sept and 11th Nov level, so hoping for a 150 to 165 range once we get over the 150p
Ok, inflation costs are hurting the business and customers, though perhaps MAB will be taken over during the next few years, so thinking it will keep the share price strong.
why do u see 150 ?