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Same in the south matey...I use the one in deal alot it's on the coast ....rammed all day
Was in my local JDW in north Leeds on Wed between 5.00 and 7.00 and it was rammed. Lots of families all eating. We ordered 2 meals with 2 large wines and it cost less than £20! (and served in less than 10 mins)
JDW could slap 20% on all costs and still not loss footfall.
Well the latest rns hasn't put the big boys off...what u expect covid smashed the company....but as pubs go to the wall spoons marches on ....
Hi I made a point about the latest accounts on 22/3 identifying that the latest numbers included a loss on interest rate swaps (and some other financial wizardry), which negatively affected the numbers and IMV caused the SP fall. I have finally got around to a comparative analysis of these figs over the last few years and they make worrying reading.
NOTE all figs below are extracted from Annual reports and are summary only , things are NEVER quite as clear as they seem.
In Year 2020 JDW made a loss of £ 122m, of this £33m Loss was due to IR swaps.
In year 2021 JDW lost £133m despite a profit of £55m on swaps.
In 2022 JDW made a profit of £50m which included swap profits of £44m.
In2023 JDW's profit was £79m of which swaps contributed £23m
To repeat these sums are shown in the various AR's BUT depending on categorisation differ in various notes to the accounts. My point is simply this , JDW is a high sales, high costs business with wafer-thin margins, I have
known the variation in accounts is highly sensitive to the way in which JDW's finances are managed, but didn't fully realise the impact of it. Having sold lately I am wary of re-entering .......will be back sometime in the future if my
vie changes.
GLA
Two days of sun here in coastal Lancashire. Jolly Tars in Cleveleys rammed, Poulton le Fylde Elk outside area half full. And I daresay the Blackpool Albert and Lion spoons will be crammed with seaside day trippers.
Sure, there are different models. The sp drop might just be what this one causes. Profit has been made from sp moves.
Sod all Dividends, Tim's using any profits to pay & brag about staff bonuses, ignoring share holders, not a good idea. Who's going to invest to get nothing back but a drop in SP?
Well, he has managed 963 last 30d v. a paltry 125. What, I wonder, would Freud make of this?
5 Mill is 5 mill
'Spoons sell ~50 million pints per annum so +10p is only £5 mill to the top line....
103000 posts you need to get out more matey
Even 10 or 20 p on a pint would help that profit and still be cheaper than the opposition
"Revenue is vanity, profit is sanity but cash is king...."
Revenue £993m
operating costs £923m
Operating profit £67m
Post tax profit £25m
It pays to understand the accounts of any stock you hold, JDW is a well-run business in a competitive market and their margins margins are paper-thin.....
Spot on matey 👌
"Revenue rose 8.2% to GBP991.0 million". I make that almost One Billion Quid. Not bad for 6 months.
Vastly oversold today. No one has any patience nowadays to stick with a good stock.
JDW is a major cash cow. Friday night and all through the weekend their pubs will be rammed.
Makes me laugh they are profitable again ...and still good value imo ...plenty of Yank stocks vastly overpriced and making no money...go figure
This was 14 quid before covid
I missed that opportunity at 08.05 could of sold for afew quid ..loss
But very rich....Good on him saying what he thinks
Fair enough casap, personally if I had sold this morning then I would slice some back later. Unlike you I had not sold, you certainly called that right, I'll wait and see.
You've only just worked that one out? The guy is a complete loony.
I can't work out whether his statement is actually serious or just a bit joke? I mean he's quoting Professor Balloux ffs LOL
Just wish Martin would stop waffling on about Brexit and lockdowns and just get on and running the buiness. He sounds deranged!
BBC Also Hype .
" Wetherspoon profits jump as Covid recovery continues ..... " !!!
Published
1 hour ago
See my post at 7.37 for an explanation.