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I can’t help but wonder if these are just very cheap due to general market sentiment. The pubs I’ve been in are busy and at some points packed. Roll on the trading update next week on the 11th and I’ll think we’ll have a strong push upward. GLA DYOR
Where to start. They are a great example of a fugazi company, they never need to be profitable, aslong as they keep attracting that investment via growth. Except, when no real growth means that investment tap gets turned off, the SP goes to zero.
Margins crushed. Trade slowing. Minimum wage up 10%. They can't pass their cost increases on fast enough. Trying to sell higher to less customers, hows that gonna go i wonder, on a model designed around the opposite. They have 30 plus sites that they can't sell, but still have to pay the debt on. Everythings hit them at once.
One plus is their accounting. They bump stuff around to try make the balance sheet not look like the steaming pile of excrement it actually is. I'm sure they will try and push their debt out, again, but i'm gonna predict that their lenders may have a few revisions to make. Every site gets a 30/40% haircut, and at the same time we will increase your rate. Hows that sound? Cash flow then becomes a problem. So, only one option, dillution.
Head and Shoulders has formed - expect this to be back below 600 in the coming days and weeks.
But happy to buy my latest slices back for less. ohh, rum old do.
Same industry. Fullers (FSTA.L) update out today. Fullers SP up 5%, JDW SP down 4%.
HSBC raises JD Wetherspoon to 'buy' - price target 940 pence ...
Been great run from under 5 pound, has, it reached is peak 4 now?
It's been a good run but some retrace in inevitable.
When and how far - we don't know.
... but you rarely see a 50% rise in 3 month without some retrace.
.
This is heading for £10. For Tim to say top-end of market expectations, that will include generous accruals for further repairs to keep the profit figure down as much as possible. There is still a lot of debt risk priced-in but this will get released in the run up to and post-final results. IMO
And today!
£8 soon, this is more like it. Cheers!
lol
Good to hear select06, more more , double up
We need a giggle on this site
GL all
@abacus & Jonnie.
Haha, your posts made me smile (which is more than this share has!)
'at least round here'. Like it, a round here would be similar too.
As Jonnie says about £15, depends how money drinks you buy, though.
It's easy to make a round go above £15. Just buy more drinks!!
Don't worry, it's just my warped humour, and the way i read your posts!
I’m holding out for £15
I never thought this would go below a tenner
How wrong I was, but I’m not making the mistake of thinking this won’t go above £15
You also must keep in mind that, at least round here, every Wetherspoons pub is heaving day and night, in contrast to almost all others.
While looking at excellent profit, I must keep in mind that JDW.L was £14 even in the Covid times (April 2021) and there remains plenty of upside. I could be tempted to sell half of my holding at £10 or £12, however.
Bigpu I do take the point of your post, I submit it is a trader's view. Long-term, if the estate is worth double, wahhayy! No critisim of traders, I do both.
To re-revisit this ancient thread, it's 1 month and 35p up since Uncle_Doug advised us to get out of this. Who knows what the future holds?
Just peaked 710p, thank Sod's Law & you for selling?
I sold yesterday at 693 ....now 700 lol
Wjt, should we have sold when we could (no imo)? This has no ceiling, nor floor, beware.
Interesting scenario as clients increase with closing of surrounding pubs just as long as serious recession does't show up like it did in the late 1970s.
Fingers crossed and so far so good.
Wjt, it appears it might have. Good news the peak has a plateau rather than cliff behind it? As ever, we shall see, in time.
Broke, ensured/insured? Or guaranteed, or preserved? You mean?
In terms of share price projections, the next 12-24 months will be interesting.
I can see customer numbers going up as small hotel/pubs, tenanted pubs and freeholder pubs close in one way or another. Do they go for growth or continue to pay down debt? I hope the former