REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
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.
Actually admire your honesty Jonnn. A lot of contributors dish out abuse and misinformation to support an undisclosed short position - you're not like that. I also think Jdw has some weaknesses but for me the strengths outweigh them.
If you have 3 pubs in a city centre, then covid changes peoples work patterns quite dramatically, why keep all 3?
Nope. Sticking to my guns on this one, always prepared to eat some sht, and was well aware when opening a short with these sort of fugazi companies the SP very rarely matches the health of the company. High risk for sure, stops are set.
However, good op to add to the short position off this trading update as eoy, try as the might, they will find it hard to hide the ebit numbers or, specifically with this company, their D/E ratio, which the market will react most to imo.
Sales up 11% when your prices have increased 15% means your sales arent up. Companies like using the LFL sale figures, cus it can mean whatever they want it to. Industry food and beverage cost inflation is at 20% btw.
"We didn't sell those pubs cuz we needed the cash to pay our debts, honest, we just thought the pubs were too close to each other"
So yes, eating a bit right now, but holding. High risk for sure, as aslong as he can keep the core shareholders happy they won't budge. But they might do when the figures don't match the rhetoric.
Also, the ftse up off the back of the banks, plus being down for 3 days, gave this an extra kick. My only decision now is to add to the short rn, or wait til eod tomor. Might miss a golden op depending on u.s core cpi.
For now i'll take the abuse.
Can anyone tell me the profit range expected? The RNS mentions it as meeting market expectations but never actually quotes the number!
The usual simple and clear statement from 'spoons, illustrating a near-complete recovery from the pandemic lows and signs of steady progress since early 2022.
quite what the free cash flow will be is at the mo' anyone's guess because of investment in rationalising the pub estate and whether the CFO (one of the best) can repeat the swaps wizardry.
My estimate is FCF from ops of ~£500mbut how much of that is ploughed back into debt reduction and estate improvement is an unknown.
Happy to hold for an exit above £10.
PS Jonn's stuff is almost entirely discountable, 'spoons are the most reliable investment in the pub space.
How's your short going Jonnn? ;)