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The budget is good news for JDW. Draught costs down, inflation forecast down, Gilt rates down (which will eventually feed in to debt costs), hopefully workforce pressures ease, energy costs easing
I only wish I had piled in at the bottom rather than on route to the bottom!
But the bank was a problem yesterday when it rose? Fair enough, this is shares, anything can happen.
Think the fall more to do with the global banking situation. However the tax break for draught ales is good news and if the bank situation stabilises then the recent upward trend should continue.
I assume today's drop to £5.70 arose from Budget apprehension, and the subsequent rise from the good news. Tax cuts for cask ales! It could almost have been designed for jdw.
Isn't it?
# "we're", not were
Umple, so much for trajectory, this morning were almost back to the price you posted at. Ah well, that's markets. Maybe I'll buy my £6 slice back!
Sterr, you are right, and I have previously noted slow service, we are in better lands now, adaptable and dearer. I think it will get much higher, while the custom might not.
Jog on son.
Slide off mate. I don't do keyboard warrior.
I’ve worked up and down this country for years and abroad and when I’m staying somewhere in the UK I have always stayed close to JDW pubs. Every time I’ve gone into one it’s always busy. You say you don’t spend all your time in JDW’s but it sounds like you do. And you walk 6 miles to a posher town haha don’t make me laugh. Sounds like your bashing JDW to me mate.
charging too cheap a price is not good , from the suppliers point of view...danger is..some of the smaller producers are going to struggle to survive ...some beer contracts negotiated a while back maybe too cheap, right now for the brewer
Depends on which part of north London, on the edge of the city of London eg Islington it would be £4+, further north it reduces to £2.50+ in a spoons.
Central city venues can charge more as the alternatives are even more expensive.
PS. The going rate for a pint of real ale in JDW's in my area is around £2.26. I got told of a JDW in North London charging £4.50, while the nearby competition was £6.50 a pint. I'd find something else to do at those rates.
The price advantage varies. In the big town six miles from me, in the North, real ale drinkers won't find a cheaper pint than the one in the JDW, but your John Smith's type of drinker (and there are many) can get a pint as cheap in about five pubs within 300 yards.
The breakfast might be fine in the JDW, but I can get one as good in a market cafe nearby, for £3 less. Sometimes I walk 6 miles over a moor in the early morning to a posher town, and I couldn't get a better, cheaper breakfast than the one in the JDW, but later in the day there are plenty of pubs doing meals. And there is no pub in that town to approach the JDW for the price of beer, but they all have plenty of customers, even at £4.50 a pint. This hasn't changed, even with the cost of living crisis.
I go to the surviving JDW in Putney, the beer is cheap for the area, and they get plenty of diners, but so do other establishments. So there's no guarantee that customers will be flocking in thinking about nothing but price.
I don't spend all my time in JDW's, but I must say that in one or two of the town ones, a lot of potential customers would be put off by some of the other customers. The staff seem to be generally young, and I think that some JDW's would benefit from older managers with a track record for managing rougher pubs.
Just my thoughts. DYOR on the pubs.
Well looks like Bank of America Corp think this is a good bet as they have increased their holding along with others. Tim has also bought over 2.5 million shares recently.
This has been hammered due to covid along with airlines etc. looks like it’s turning back up now, I have a decent holding here and happy to wait until this reaches fair value.
If you've got the app, you can order from the table. A round in Spoons can be under half the price of a nearby pub -I'm prepared to wait .
What lets this firm down is that you can go in (no shareholder discount,by the way) and you'll see a queue at he bar, and one or maybe two members of staff trying to serve drinks, take orders for meals, go to the kitchens to collect meals, take meals to tables, clear the tables and take plates etc to the hatch, clean the tables, sweep the floor, attend to the tea and coffee machine when it runs out , collect the empties and wash them, etc etc. Mean while the queue diminishes, because people are leaving and going to the dearer pub next door. If this share ever reaches the dizzy heights of once before, I'll be very (and pleasantly ) surprised.
Morning all,
Read through the chat, some great information from you all, I'm a very small buyer but been watching " Spoons" since the covid crash, dipped my toe in with some shares and look forward to the journey ahead!
Reedy
The trajectory continues, I could not forecast its duration.
Trading update is 24th March. Nice Director buy lastweek. Every confidence that this will keep on an upward trajectory. GLA DYOR.
Beginning to look better ...yes...good luck Wjt123 .....been a tough time ..... just need Jeremy Hunt to not spoil the chances of a better year for the sector , with his March budget
i have a holding at 480p and will hold and keep an eye on it now , that the strength is beginning to show
Having got badly burnt here after buying at 11 plus ic I remember...lost almost 10k after selling at a 506 I couldn't take no more,well I bought back in after Tim's huge buy....that was confidence imo...only a 1000 shares now though and averaged at 490....leaving these now hope it doubles.
Onward, and further upward!
This thread has run an unusually long time, and it's title is no longer appropriate. Was it ever?
Have UncDoug, forex & Grayl got anything to add?
Not successfully, they aren't. Just now you can sell for £5.277.