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That’s right, Milnrowmug. Poor Uncle_Doug doesn’t seem to know that a lot of pubs are quiet in January.
23 Jan 23: “My local spoons has been dead for weeks”
Milnrow I've lost alot here ...it's been a hard few years I got a small amount now averaging 490 so almost 2k up at last.
Rather harsh, but it was certainly poor judgement to declare @£4.79, 2m ago, "Wouldn't be surprised to see the sp tanking over next few months." Just sour grapes that he didn't invest then, rather than full-blown moronic?
Moronic
No, I'd get out now if I were you. Looking very toppy. Will be chances to buy back below 500.
On the up, and always pleasing to see FCF increasing which is a great bonus. Had a decent pint in my local yesterday evening. Keep up the good work spoons!
To be positive he did say under £4 was worth buying, admitted to shorting, and had the grace to keep quiet since his forecast failed.
Forexscalper (last December) said that the price would be below 400p by this time
Huge shift in ownership, 70%. Now, pubs that were sold, sold for significantly less than their carrying value which is a bit disappointing given they often site no revaluation since 2000 approx. Market liking the results however, one ray of light in my portfolio today
Given Deutsche replacing credit suisse as the bank to make all others sink everyone has gone down the boozer! It’s the only ray of sunshine around today.
Still massively down, with an average of 900p. Not worried though, time will heal!
Nice to see good old Spoons starting to get the appreciation that it deserves after being run down by some ‘empty barrels’. A very well run operation, which is welcome in the communities it serves.
Hi, noted they have sold all of their interest rate swaps for a cool 180 Million approx. what are peoples views on this? guess it aids cash flow now but does not mean they are now exposed to higher interest immediately and for the foreseeable?
I’ll drink to that casapinos :-)
These figures are also for a period before recent price rises and the 11p duty cut on draught beer (beer festival is on in Spoons too!) so all positive news on a not very positive day/week/month, but the tide will turn. GLA
I've been accumulating 'spoons shares for some time now on the basis that as a well-run company in a recovery situation it is heavily undervalued. The company will never be a huge earner , because TM seems happy to run it on the basis that it offers an unique service and pays him well enough. I hold at an average in the 500's and will retain, in the expectation of an SP more than double that within a year or two. The latest figures reflect stability rather than booming profits , but they are refreshingly clear and easy to understand, JDW now own the freehold of almost 600 of their pubs and IMV those assets are probably worth almost the full MC of the company and their cash management is superb. They will return to modest divi payments in the near term which will add to confidence but Cap app. is my aim ,.The shares were in four figures pre-covid and IMV will return there.
That’s better the market finally waking up and realising the spoons a quality co and very cheap, long way to go but sooo undervalued these will be the big winner in the sector
I lost bundles here but gave a 1000 shares at 490
Back to profit and able to weather all the economic woes of late, very encouraging for when people get a bit of disposable income back and inflation declines.
Sterraman, I have wondered about your walk over the moors to a posher town. Todmorden? Buxton? Skipton? Keswick? (All excellent jdw boozers.)
The way back is long and faltering, but look at the longterm graph and cheer up. At risk of stating the bleeding obvious, try to buy a few when it's cheap and to sell a few when it's high.
C Ruane of Motley has positions in J D Wetherspoon Plc.
Analysts ( D ) expect the price to decrease by 4%.
12 analysts from global investment banks and brokerage houses are currently rating the stock.
I thought a good idea Tuesday 10/3/2020 day after the first Ft100 8% fall paid 1200p on the Thursday 12/3/2020 Ft fell another 11% on the 18th this fell to 592p about same price as today .
The low October 2022 was 390p
No surprise this has risen and stayed stable since Tim's huge buy
Prices have risen a bit but I think it's clear what Poker is talking about. Not all companies care about their suppliers' survival: not all can afford to but imo jdw can.
Prices have risen on drink and food...what u talking about....sp holding up too......
Looking at the latest and last few RNS it would appear that Merrill Lynch think spoons is on the road to recovery.