Member Info for Peltata

The board member who bought 50k doesn’t agree!

Jtan, this madness is macro, even the US are now selling off bonds today (not Truss’s fault surely). I also hold JD Sports, their balance sheet is very healthy, very low debt, and they still got hammered today too. No share is immune except defence and energy.

UK debt-to-gdp ratio is still 2nd lowest in the G7, they are in no way an exceptional case.

Some positive news amongst all the turmoil, raises target to 205 from 180, keeps as a buy.
Of course the drop in the pound may have helped with overseas sales but still :-)
Not much good news anywhere today.

Have to agree given current climate. Even good company trading updates find something of concern and a big drop ensures.

Interesting article, still think they’ll be plenty of Spoons customers in a downturn but this presents those seeking more premium (more expensive) beers as well https://www.thedrinksbusiness.com/2022/09/people-to-choose-spend-more-on-premium-drinks-during-recessions/

As debt and leverage is higher now than in 2008 lower interest rate increases should have a larger effect on inflation? We’ll know soon enough!

Surprising that no RNSs of late declaring a change in holding.

Isn’t that a student scheme? Hence the timing.

I’d be amazed if this was a national scheme. Managers certainly have latitude in individual pubs to push certain items occasionally. I remember seeing a “managers special” on fish and chips a few times pre-covid (them were the days :-). Occasional promotions help manage specific locale issues but mustn’t be overdone. Can’t imagine Tim losing control of his business model like that.

A US buyout of a company like NEX with a large amount of US revenue, when the dollar is very strong, must be too much of a temptation surely.

38000 shares

AFAIK the trading update stated that margin was lower than pre pandemic and would take longer to recover than first anticipated. In these times it only takes one statement like this and any positives are ignored. Lower margins are obviously a negative but this does seem like an overreaction, if anything, the cost of living/energy crisis should play in their favour as people still have to travel and trains/cars are costing way more now.

Nuri you’ll be complaining the beer is going out of date next. Had a pizza there a few days ago and was really impressed, especially as I got a pint of real ale with it for 9.50, my concern is the profit made, even my 9.50 includes nearly two pounds of VAT.

The 300 was before Russia invaded Ukraine, have to give them a bit of slack there!

Government have to step in but will wait till the price cap is announced and new PM (and chancellor) are announced - otherwise business get increased costs plus a customer base that will have little disposable income.
Best scheme so far is the fund (touted as being for £100B but probably less) used to smooth out bills over the coming years

Seems odd to use 20 year old valuations, is there a tax advantage to doing this? Can’t think of anything else.

Can’t find any big pub chain that has gone up today on that news tbh.

Last “sell” rating was four years ago and shorts are low too, the downturn is due to macroeconomics not JDW business plan.

I was in a BrewDog last Sunday evening making use of their two free pints offer (be rude not too :-) and by the time we left around 6:30 there were no tables free and it has about a hundred tables! Even more shocking was the retail price of our free pints - £7.10 (city of London location), so there is definitely money about for quite a few. Could of been all tourists on the free offer LOL). Spoons does also get a lot of custom here too so I agree it’s not all doom and gloom, much more of a mixed picture.