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.
The SP recovered early doors, then Investors take on board this mornings RNS (Investor Presentation) This is probably making existing and new Investors a little nervous!!
All outlets are now open and we heading to the covid levels were all pubs were closed,my mate works in one of the warehouses and is wondering were and how the extra cost savings are going to be made,,,,worrying times for hospitality again,
Same holding now until they are back into the 80's
Tough times ahead but im holding mine
back at 55.5p the shares I had sold at over £1
Like the Curate's Egg, good in places. We are back in profit even though sales 97% of pre.covid.
Loss of 1p/share
Brewery disappoints with a loss of £2m
Brains performing well, not sure of breakdown of Sales to profits ?
Debt remains stubbornly high at £1.246Billion. Agreement reached with Banks and a Private Placement. Seems the Loan waivers agreed a year or more ago are not adequate.
Intention to reduce Debt below £1Billion by 2025
No Dividend will be declared for current year.
Serious headwinds coming. Brewery costs will rise explonetially, energy costs, barley prices have virtually doubled in the last 9months. Food cost will rise in excess of inflation, the company will partially offset with further efficiences, passing on limited price increases. The intention being to have 3 grades of motels/restruants, Family(Community)..Signature (90 pubs to be converted to give a Country Pub Feeling and Revere a Pub/Restruant to provide a high experience for those with High Level of Disposable Income.
Even though the market is down, it does not seem impressed.SP down 7.2%
In comparison M&B 's figures are better. Debt reduced by £250m, profits recovering well. Warns of the same threats facing all Hospitality providers. Serious headwinds coming.
The market prefers M&B's figures/report with the SP down 1.4% in line with the general market.
Total
I must say I admire your confidence ; since you posted them as a "strong buy" at 63p on Monday they are now down 8% at 57.9p & you now say "looks like we have found the bottom".
A nice puff on Monday but it has lost a bit of credibility by Wednesday.
Frankly anyone who thought they know where the top is, where the bottom is or even where the stock will be in 2 days would not be busy posting here would they ? Still you know that really don't you...
Supercharger - Literally what I was thinking.
Watch out for those big buys come in. Looks like we have found the bottom
No doubt the Directors will be taking up their share options at this rate!
Which makes it an even better value longer term to me - after all if the firm is being run by a chief exec with an accountancy back ground he knows he has to keep up with his pricing so like everything else at the moment prices will rise with sales. At least as he said if this is a local pub which are showing signs of recovery most will be walking there and saving on fuel driving to one in town?
Good profit in results
Regarding the market this happened to another share the other week. Results came out dropped 10% due to mention of bad news of inflation, over next couple of days flew up 35%. Market dose not make sense at the moment. Surely only weak hands are selling at this point?
Inflation news is keeping this in red today.
Next set of results will be an even brighter future with earnings per share now profitable at 3.1 pence per share as opposed to last years (14.6) pence loss per share.
Happy to invest further now there is growth.
Coming out of lockdown helping here for 2022 over 2021 H1.. Next set of results will be :-
Revenue £370m £55m
Pub operating profit/(loss) £46m £(59)m
Loss from associates £(2)m £(21)m
Profit/(loss) before tax £26m £(106)m
Earnings/(loss) per share 3.1 pence (14.6) pence
This refers to the latest results when the company helpfully mention that the NAV have improved 7p but then fails to state clearly what they were originally.
The theory is rising inflation will result in less people going out to pubs, less people buying bottles of beer in the supermarket. The reality is rising inflation will do little or nothing to stop people drinking at home and going out to pubs. The supermarkets continue to see huge quantities of alcohol sold each year, despite the pandemic, despite inflation. And go to any town or city centre on a Weds, Thurs, Fri or Saturday evening and it's chock full of people out partying, pubbing and clubbing and having a good time. Pub stocks are down, but the low share price doesn't reflect the popularity of the pubs or their products - I don't think the market is valuing the pub chains very accurately right now. From an investors perspective, that spells opportunity.
Anybody hazard a guess on what the revised NAV is?
And it will be cheaper tomorrow.
Total
Why not just post Marstons are cheap today, cheaper than yesterday ?
Superdischarger
What a pleasure to see your return to this board as the great contra indicator with a poor memory of your previous posts, the only thing missing from you are your previous nocturnal ramblings which were presumably the alcohol fuelled thoughts from a Tesla in the wee hours.
Turnover looks great, hopefully we can start seeing some dividends 2023.
Didn't think that was too bad an RNS
Should see the the volume pick up around 3pm.
Supercharger - you make valid points. fingers crossed for tomorrow.
Total - I am actually expecting some very good results and will be surprised if they are not based on us coming out of lockdown and when comparing to other entertainment stocks such as Whitbread and Compass, and well lets face it even Greggs are seeing a pick up. The funny thing is when people are down they go for a beer to make themselves feel better. I remember Wetherspoons saying that when the banking redundancies took place beer sales went up! I also seem to remember that one pub would have all those being paid off and another with all those being kept on! Should be interesting tomorrow however for the results and if we actually get another other interesting news!
I think tomorrows outcome will be good, given that everyone who wanted to sell would of by today. Therefore, tomorrow should be a buying day. Anyone who sees the opportunity should be taking the advantage of it being this price before its to late.
If results are better which lets face it judging by its peers they should be improving, then this share price looks very good value and we should see a step up very soon..
I have been away from this board from some time and yet when I come back I see the same comments from the negative few. Well lets hope for those with a more positive mind set we can all have a pleasant surprise tomorrow.
No UnFairtrader my Tesla is not being driven by anyone else your mind appears to be so confused as usual and you are mixing me up with someone else.
In fact I am still using my old Rusty Shogun that never lets me down, ha,ha, even in a power cut! Talking of which I see Marstons are moving towards aero emissions -shame my Shogun doesn't have the cheaper road tax -never mind! Good luck to those with a more positive mindset for tomorrow - fingers crossed!