We would love to hear your thoughts about our site and services, please take our survey 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.
Thnks for the post, beat me too it.
I for one am happpy with a majority shareholder making decisions and a bid at a much higher price than my 120p average cost.
MIDAS VERDICT: Mitchells & Butlers has had a horrid time during the pandemic, but the company is now in a stronger financial position. This may enable it to make acquisitions as other companies fail to prosper during the new normal.
Early indications for post-pandemic sales are good and the company's shares look relatively cheap. They closed on Friday at £2.51 compared with well over £4 before the pandemic.
If you can cope with the wishes of the majority shareholder, and take a glass-half-full view about the hospitality industry's ability to recover, the shares are worth a sip.
Buy.
If you have been to Newcastle you must have been in the middle of the night because this place is spending money like confetti as for marston in august they said they were beating expectations so barrow boy go away
I still think that the hospitality sector as a whole is much weaker than many think or would like to believe, therefore shares like MAB and Marstons struggling.
I visited two local pubs last night. In one of them, there were just two customers (including myself) at 8.30pm. I then moved on to another pub which was showing the Man Utd v Villa Real match. Busier but nowhere near what it would have been two years ago on a match night. Last orders were at 10pm.
I was in Richmond in SW London last week. Pubs were much busier than where I live but it was the upmarket Young's that attracted most punters, despite charging well over £6 for a pint. MAB Nicholsons looked pretty empty.
My recent experience @ All Bar One in both Leeds and Newcastle has been that the trade still isn't great. Both Leeds and Newcastle seemed to me more quiet than they were before the pandemic though I was visiting in the middle of the week so perhaps trade is much better on weekends?
It looks like BoJo's policies, particularly the last prolonged lockdown, has changed the way how people socialise. From my experience, many local pubs are busier earlier in the day and more people are eating. This could help MAB in the long term as their business model is largely food-related.
The barrow boys dragging this stock down to get in cheap me topping up on the dip great stock to be in at any price
not sure , whats news but it looks attractive now. Added more at 250p today
Any news? Have started to add at these levels.
Wrong board
I am waiting to see what is in the RNS on the 13th of October
Took some profits today by reducing my MAB holding by just over 50%.
I feel that it will be some time before the hospitality sector recovers. MAB is now well below its pre 17 May when it was trading at around 320p. If this falls below 240p I will look to buy back, otherwise I will just stick with my remaining shares.
I have been recently adding Marstons, my average now being 87p. In case of Marstons, my target price is 100p.
Apologies for the spell check!!! It should read, families are taking their Mum and their Dad, Gran and Grandad out for the long awaited family reunion. Also their is very little free float of shares available with MAB. Good luck if you're in or still sitting on the sidelines.
I see these as good value at the current price.I bought 30,000 shares yesterday @ 250p. Every Harvester I have visited has been packed, inside and out. With the restrictions finally lifted as of yesterday, their entire portfolio of pubs and restaurants are set to get busier. People aren't going abroad this year, so they will spend their money right here in the UK. People have been locked up for a long time, and families are not taking their Mum and their Dad, Gran and Grandad out for a reunion celebration. It may well be a different scenario up north, but in the south pubs and restaurants are extremely busy.
Well in Newcastle people out in the pubs buying food and enjoying them selves not sat in their car driving around spending nothing
Drove through my local area on Saturday night , the pubs were almost empty , was quite shocked . One was shutting down early as no customers. Says it all , this stupid Government has beaten us all up , now they are threatening National insurance for pensioners to continue to be paid , and today lets talk about re-rating all houses to grab more money from us. Not to mention threat to triple lock . Roll on the revolution !
Could be right their Pete, pubs used to do well from old farts like me with money to spend from fat pensions but a lot of them have gone a bit mental from the covid fearmongering and won't even go past the front door. Went to see an old friend a while back who used to be a normal human being but asked me to leave as soon as I entered the front gate because he is now frightened out of his wits.
I must say that so far where I live pub trading has been disastrous.
I was out on a Wednesday night in a large wine bar, which used to be booming. There were a couple of small groups and a customer or two. It wasn't even 10pm when I was the only punter left.
Yesterday I had a quick lunch at Wetherspoons. Busier but not quite what it used to be.
I'm not sure if the remaining restrictions are putting people off? Personally I quite like the table service.
I have been in and around parts of the north east and I can say the puds I have passed or been in the trade is high and lots of tables full
I've been back to my local for thr first time today and despite the glorious weather it was very quiet. The landlord was very downbeat.
I must admit I don't have the same enthusiasm for pubs that I used to, a lot of faffing about and the service was rubbish. Hopefully things might return to normal after June 21.
Expectations for post-COVID hospitality industry performance have been high.
Two weeks ago pubs were allowed to open indoors. Let's talk about my personal experience.
I was in Jesmond in Newcastle on the first day of reopening. No doubt trading was good, though most pubs in the area had space inside available. Happy days were back. The following night wasn't quite as busy but still not bad for a Tuesday night.
Now, let's talk about a small town I live in near Manchester. I'm just over the Derbyshire border. Unlike in most places, lots of new (mainly) independent bars have been opening in the area.
Overall, Bank Holiday weekend looked disappointing for local watering holes. Friday was payday for many, the weather was good etc but most places weren't as busy as I would have expected. Sunday night was the most disappointing. Bearing in mind that most people had a day off on Monday I found it surprising that some places started closing at 9pm due to lack of punters!
Yes, people may still be cautious but unfortunately I'm not overly optimistic or convinced that the great boom so many have predicted is going to happen.
I don't think that people have quite as much money saved up as some businesses seem to think. It's obvious that they do as many have been quick to put their prices up. People have still been spending money online during the lockdown and many have been earning less, while the bills still had to be paid.
MAB was trading at about 320p but has now dropped. No doubt it still has some potential but there could be more upheaval ahead than many may think.
What does that mean ?
No body in this stock losers
Price to high for me but these business 's doing very well a big upside today and I see more upside next week
If i didnt have so much in this already relative to all my other holdings i would be topping up here.
The retail results today shows how much of a bounce back there is, this is after the pubs/restaurants have barely been open ( not sure if they are even captured in the numbers yet). But if the pent up demand for something like clothing was so high,which could of been purchased online. What does that say about the potential pent up demand for pubs and restaurants?
Genuinely think many of these pubs and restaurants will be practically unbookable for months on the peak days as people get ready to spend as lockdown eases.
I was in a restaurant of mab and business was very good
Results as expected this morning . The exciting bit will be how they do from this week onwards .