Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Https://www.londonstockexchange.com/news-article/JDW/statement-re-press-comment/16318802
Taking shares out of the market and forcing a price improvement is an ideal strategy to weaken predatory bids. Just musing….
The media in general love to take swipes at both Martin and the company in general. The fact that Wetherspoons is one of the most successful retail companies and employs over 40,000 people is of no nterest to these morons.
Investors, chin up!
As the actress said to the bishop
Https://finance.yahoo.com/news/j-d-wetherspoon-plcs-lon-051020734.html
An excellent performance in Q1 and across all segments of the business. I anticipate further investment in the accommodation segment as this is the most profitable area of their business.
It’s been a busy week and the SP is gaining momentum. First stop 700p then onwards and upwards.
Will be out very soon. Hopefully providing some impetus.
I agree totally Trojan Horse, this is not a lightweight business.
Despite the ongoing pressures facing consumers and the hospitality industry, Wetherspoon's pubs are trading above pre-pandemic levels and the Group seems well set for further progress as it moves into a new financial year. Profitability has not recovered to the same extent, no surprise given the relentless assault on input costs.
The Group's been fighting hard to maintain its value offering. Prices were up around 4% last year and last we heard, it's hoping to keep price rises below inflation.
The budget credentials are intact for now, but we don't know how well customers will tolerate potentially significant price rises further down the line. There are some rays of light on the inflation front, but there's no guarantee prices will remain in check.
On that front, seeing a wider range of customers in its pubs is encouraging. The pivot towards a younger and more family-orientated demographic looks good. The strong brand perception holds it in good stead, with the customer base enjoying a slightly higher income than the 'average pubgoer'. But neither the Company nor the punters will be immune from continuing cost pressures.
The move to sell over 20 pubs as it seeks to increase their average size and the distance between them looks positive, and should help increase average footfall and profitability.
A return to cash generation has enabled further upgrades to the estate, and a decent reduction in net debt levels. We think debt repayment will remain the priority for some time and don't see a return to cash rewards to shareholders being on the cards anytime soon, though some analysts disagree.
Wetherspoon is proud of its progress towards sustainability, but we still have question marks over the G in ESG (environmental, social and governance). The Company disagrees with the guidance in the UK Corporate Governance Code on the length of board member tenure, board member independence, or the relative importance of shareholder engagement.
Over the long term we remain positive that Wetherspoon can emerge from the current economic gloom stronger than before and increase its market share. That and its improving financials have been recognised by a strong recovery in the valuation, which is now above the long-term average. This increases the likelihood of volatility in the event of either earnings disappointments or movements in the stock market.
JDW was at £16/£17 in December 2019, right before Covid hit. After that it fell back to £4. I follow some big players like RIo and IHG and both of these are tracking back to pre Covid levels, Rio against the odds with the Chinese economy in the drains. I see no reason not to believe that JDW won’t follow a similar revival particularly one this year’s results are published in three weeks from now. Meanwhile, BAE are a good bet.
Time to load up if you have not already done so. Three weeks until annual financials published, the market monkeys have been playing with the price for the last three weeks as they accumulate to catch the rise.
The medium term price target is as prior to Covid, more than double todays price. Annual report early October when the best results ever will be published.
https://www.thetimes.co.uk/article/focus-on-darktrace-in-lynch-fraud-case-s6gtrlnt5
I didn’t write that it was a security company, it was web hosting. The fact remains that a damaged image is bad for business.
I have followed the threads on here for a short while and now wish to voice a view yet to be mentioned - the I mpact on business development.
Some years ago I was drafted into turn around a small IT managed services company in the U.K. The owner was an American business in the same sector which proved to be badly managed. Having resolved the U.K. business structural and strategic issues we went cash flow positive within six months and ended up supporting the parent company with our cash flow generation which was growing rapidly. Sadly, this was not enough and the US parent filed for Chapter 11 (bankruptcy protection) and was subsequently taken over by a competitor. Following the Chapter 11 filing it became impossible to win new business in the U.K. because of image tarnish and the diminishing faith in the overall company’s reliability and longevity.
To me, the situation here is not dissimilar. Operating in the sector of protection, reliability is paramount. The comments regarding Dark’s focus on sales and marketing versus technical development are beginning to resonate. The CEO of Darktrace will no full well that expansion is an absolute necessity and not doing so is a recipe for disaster, particularly in such a competitive field where innovation is critically important in generating marketing edge.