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Steady on, Rishi hasn’t gone completely mad, offer is for mon-weds only
and pleased to see the number of time slots fully booked, both lunch and dinner, and not just on Rishi’s mon-weds deal. Hopefully allowing restaurants to break even whilst waiting for the corona curse to lift. Good weekend all.
Joined the socially distanced queue in my local jdw and gave up, sat down, and ordered on the app. In the end. May these sunny days continue and make the most of Help out to eat out.
However, in previous times a trip to the pub was not seen as detrimental to your health (well, not short term anyway!). At least MARS has a nice supply line setup to the supermarkets to soften the blow, unlike JDW or MAB.
ClarkCP, thinking about this, there might not even need to be any update to the app. I mean they can change prices without an update - only tricky part is that alcohol is exempt from the offer, that’s the only reason possible to require an update but even then I don’t think customers will need to do anything.
Still, we’ll see on 1st Aug.
Coming out of a pandemic break even sounds way better than continuously haemorrhaging cash - that can’t continue. Break even at this point when things are getting better implies we’re on the up.
The update to the app will be a trivial expense for Wetherspoons as a single update covers so many pubs, it’s pretty straightforward too so I’ll be amazed (and worried) if it isn’t in on time.
Given the need for eye-catching emotive media reports I think a vaccine is the only way out, to reassure the large number of people that have been terrified by covid. No doubt even if we get a vaccine in record time they’ll be many headlines of people having the vaccine and suffering serious side effects etc as the news cycle rolls on.
Over the last several weeks we’ve had many protests with no social distancing and many large gatherings on beaches, but no spike in the infection rate - pointing to us being on a continuing downward trend - the media have to fill their papers with something sensational however. This is good for pubs/restaurants- the mask wearing that comes in on the 24th is both necessary and can wait 10 days apparently, I think this suggests the govt doesn’t want to look as if it overreacted initially, as it really doesn’t make much sense.
He does still own over ÂŁ300,000,000 of equity!
The VAT cut is on non-alcoholic drinks, a govt couldn’t really be seen promoting a message of drinking our way out of this! Hardly a surprise.
I saw the Tempus review late last night and thought it backed up my reasons for remaining top heavy in Marstons and light on JDW and MAB, bet he’s all to familiar with shares dropping the day after he tips them :-) after the 100% rise I thought about rebalancing but MARS has a great balance with supermarket sales whereas JDW is pub based only and a high volume low margin model - they need lots of customers. MAB is similar. Good weekend all and DYOR.
Given it was only a few weeks ago when headlines were suggesting pubs may not reopen till 2021 then the suggestion that a staged start is only weeks away obviously has a positive effect. The unknowns in this pandemic are the SP killers, the less the better.