Have just heard that there is a problem with the eat out to help out being available on the app. Customers will have to order at the bar to get the discount. Wonder if other places are having the same problems or whether JDW can get it fixed in time. I wouldn't be calling Mat Han**** though to sort the app out.
Even if a vaccine was out tomorrow I can't see this recovering for a long time. Share was diluted by 20% business model is based on high volumes. I just can't see his pubs being full again for a very long time
Wyndrum agree with you RNS sounds very cautious to me, no beating of the drums. These will surprise in the future I think a solid long term hold. Have been buying these and tucking away in a SIPP can't see any reason to sell.
Dean,
I take in your points and I hope for all our sakes you are correct. Governments around the world have been printing money, hence why markets are up but sooner or later reality will hit. I believe the real warning signs are there now. INTU has collapsed, both INTU and Hamnerson could only collect around 15% of rent due. Hammersons are trading at a discount of 85% to NAV. How come at such a discount no one will touch it? There is so much debt out there being passed around and governments are printing money so that the music doesn't stop playing.
I wish you well with your investment here, I do agree though the company appears to be well run and will definitely be much more cost effective, the big question is how long will it take until the demand is there to enable the company to turn positive and start to grow again
Im sorry guys but I'm standing next to Warren Buffet on this one. I agree there will always be planes in the air but problem will be 100s k job losses, houses dropping in value. Local lockdowns and I believe the EU will block UK travellers eventually due to our infection rate and also Brexit arguments. Long term yes eventually price will recover but why not look at another sector? Airlines are already saying you'll have to wait 3 plus years for recovery. Good luck to all holders and I hope you make a million but be careful not to lose your shirt chasing this sector.
Maddmax, Im afraid I have to agree with you. I believe all you have to do is look at Boeing in the US to get a barometer on the airline industry. If they are predicting doom and gloom then I believe it wont be any different to the likes of EZJ, DART, TUI etc. All these I think will show a classic inverted V. Im looking at the pubs at the moment like JDW, think these will go the same as the airlines. News is out, pubs to open, but the trade will not be the same and costs will be high. The governments are printing money to keep the markets from falling but once companies start reporting reality will hit. Only thing that I can see that will solve all this is a vaccine and we have been told this wont arrive till next year. What makes me laugh is all the Robinhood clients in the US who think this is an easy game to make money.
Forex, when lockdown started he said he did not have the money to pay wages. This was true cause he had to go cap in hand for over £115 mil. If he was that sure about his business he along with the BOD would have bought more than a token amount after diluting by 20%. I'd love to know how many shares in the placing are still being held. Personally I don't even see value at £7. Everything hangs on a vaccine and I think most people agree this won't appear till next year. So the question is when autumn comes will there be a second wave? If there is, bang goes the Christmas trade. I've traded this up and down but can only see one direction now. I also hold MAB and believe they stand a better chance with their portfolio