Member Info for Elgrebe

At last my average of 1.05 buying on the way down is in profit, I would see the next trading range to be 1.08 -1.18, if better than expected financial news comes in - we may get to 1.25-1.30. Bearing in mind that when the bank was paying a healthy divi the SP was only around 1.80. But it has been undervalued due to PPI and Brexit uncertainty for quite a while.......I can't see the SP pushing thru 1.40 until the divi is partially or fully restored. Still cheap @ 1.20 for a LTH. All just my opinion.

True - Spoons would survive a recession with ease in the normal pre virus world but it could be a different ball game when things change and restrictions are gradually eased, as I recall the spoons pubs were packed with punters (all hours) - with problems sometimes finding space to drink/eat. Social distancing could be problem....Does this business not rely on large volumes of customers to be profitable as I believe margins are tight?

Up nearly 10% today......I would have thought this to be around £4 a share with the current outlook - but that's optimism for you, the SP has held up really well considering all the unknowns.

I don't believe it has been confirmed as yet.....hopefully later this year.

I hope SD is paid..... I need the money :)

I agree, some very harsh news to come, first the virus problem, when that subsides then the economic problem, we must be prepared for a dip.... maybe sub a quid will return - who knows? But some large amounts of cash being poured into this today. If the big money stays in, the SP will not drop much, if there is really bad unexpected news that could effect, but at sometime the SP will hold and continue a rise up. IMO.

Good to see the steady rise in the SP today.... no great gains and no big dips, my only concern is Tesco paying a large special dividend in the current harsh economic environment - will it look bad with some other companies going to the wall and making large scale job losses?.... Hopefully it will be paid, but I'm prepared for it to be deferred to a later date. The last thing Tesco needs is to be branded a "fat cat capitalist money grabbing machine" by the media, especially after the great work it has done helping to keep us all fed. Just my opinion.

Great to see the 14% rise up today....some BIG money getting back into this now, either a slip back to the 1.05 -1.10 range over next couple of days or up to the 1.20 bench mark either way let's hope the early nineties are well behind us.

A bit of diversification is the key, great long term gains in BARC, IMO but a steady share in Tesco.... just gotta hold my temptation at bay.....I believe it was Oscar Wilde who said: "I can resist everything but temptation." :)

to plunder my Tesco's holding and buy into more LLOY or BARC to increase my existing holdings - but I will resist the temptation, firstly it is still early days for the pandemic, if lock down is relaxed and there is a second wave of this virus this will look like a "sucker rally." I have bought more BARC on the way down and would love to see a big rise, but I get the feeling this is far from over yet. There will be a time when the low nineties will not been seen again - maybe never?? First the virus problem.....then the economic problem. I agree 1.20 will be reached at some point and hopefully it will hold (still a bargain buy @ 1.20 for a LTH IMO.

Tempting to plunder my Tesco's holding and buy into LLOY or BARC (both up over 7% today) but I will resist the temptation, firstly it is still early days for the pandemic, if lock down is relaxed and there is second wave of this virus this will look like a "sucker rally." Secondly the share price has held up well and it has nowhere to rise back up to. Many other companies shares have halved and it is bargain buying that is moving them upwards. Still at lot of unknowns for all countries effected, we will see how it plays out over next month or two. First the virus problem then the economic problem. All in IMO.....

Is how much Barclays has paid out for PPI, even with huge cost of that - the bank is still here and making a profit, only when the fear that "all UK banks will be nationalised" in the banking crisis the share went sub 50p but soon recovered. The mechanics of all the banks were broken then..... Now the banks are running perfectly but have a steep hill to climb.
Let's not get carried away and keep things rational , it's not going to be 20p a share or £2 for a long while . A lot of unknowns but the Barclays bank will still be here in five/ten years time IMO.

How this recession will play out, what effect it will have on the housing market, pubs, restaurants, car sales, retail...the list is endless. Buying any share that has decreased dramatically in value due to the virus is a risk (that is why we have "bargain" share prices) - but without some risk there is no large gain. Choose correctly and the rewards will be enormous. Banks have taken a big hit because they the fund/lend to the businesses that may fail, until more is known it's anyone's guess how much bad debt there will be. That's why we are here to make some money and invest wisely (we hope). If a safe punt suits any one better, buy into the food/supermarket sector but where's the fun it that.... Far too early to try to predict the future IMO, all a bit of gamble. Good luck to all who take the plunge (pardon the pun).

Whiteghost.... when some good news appears, I agree the share price will move up, I have bought on the way down. Barc will not be at this at this price forever......10 or 20p seems like a big rise/drop now but when the SP rises to higher level it is irrelevant.

I didn't expect Barc to drop this low.....When economic news filters through due to the lock down, this could have a negative effect on the SP, the question is - has this already been priced in, (how much bad news is expected) I can't see the SP rising much for a while (85-95p range), more bad news to come, I reckon. This started as "three week lock down" but it has been been extended and may be extended still further. Long term I think it will be okay, the markets will not be at these levels forever that's for sure.....short term anything is possible. All in my opinion.

That the divi has been paid, it would have been a kick in the gonads if it wasn't. Tesco and all supermarket workers have done a great job in keeping us fed in these ongoing troubled times.... working amidst all this cannot be easy. I salute you and thank you for your efforts which are very much appreciated.

Is there any chance that the special dividend (or part of) will not be passed onto shareholders?

It took years to get to the amount that was going to be paid this week and now it's start from scratch again, the divi will be restored (in time) but in small amounts....1p then 2p etc. I can't see the full amount being restored for quite a while. Just gotta be patient (again) IMO.

The Premier Inn or McDonald's of the pub industry, wherever you are in the UK you know what you are going to get....good value. If Spoons can weather this storm this is a good business, too many unknowns and not enough gain for me at £8 though IMO. Looking at how the chain has grown since 1991/2 (I remember the first few pubs in London in the early nineties) if it continues the same way - this a good long term buy. Always make up your own mind :)

Hiring more staff and training them up is a fairly straight forward process (I would presume) but buying more specialised delivery vehicles is more complicated? It would take a couple of months for more vans to join the delivery fleet at a guess? Does anyone know?..... I think the panic buying will eventually subside a bit, but people will remain well stocked up for quite a while just in case. With pubs and restaurants closed this will undoubtedly add to sales. I think the SP will hold up but any large gains are a bonus and can't be relied on IMO.