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Ftse futures over 1% down as a result. If NEX holds up tomorrow they will be encouraging.

Jtan, if nex finishes up on a day like today you should be celebrating:-)

Too true, we’re all becoming LTH at this rate. I can’t see a big downside as we’re down a fair bit already, society isn’t locked down and people still have to travel - doing this cheaply plays to NEX strength.
In the short term only a peace deal in Ukraine will provide a significant lift, longer term we need a secure energy policy to start taking effect.

Couldn’t agree more, uncertainty kills an SP.

They are busy still counting the money or trying to find some they thought they had. Very concerning.

Half year results are scheduled next, on 18th May

Morning all, who’s ready for the slow steady climb to 280, then the quick drop for no reason? :-)

Bit of volatility this morning, only news is an RNS, someone increasing their holding by 0.2% (still, that’s a million pounds I guess). Market is flipping between that being good or not!

I’m off to a spoons tomorrow because it has Theakstons Old Perculiar, only seen it once before in decades in a London pub that isn’t a spoons, and it’s £2.19 a pint, unbelievable.
The real ale offering is great and many a local CAMRA agree, other pubs just offer 1 or 2 and don’t really rotate them. Definitely pulls in the older crowd.

£6 breached, for a moment! Certainly one of my better holdings at present

Thursday lunchtime I was in the city of London and visited 3 Wetherspoons (beer festival, don’t judge ;-), first two were packed , no tables available, last one on the edge of the city was half full so we ordered food there (Goodmans Field, had Theakston’s XB on too). Very different regional variations, City of London was really busy again, queues everywhere.

This is happening to all businesses, so the Spoons business model is competing with them, it’s been robust enough over 40 years and only made a loss during a pandemic, gives me considerable confidence with my holding (but I did buy in the 600s)

1-5% less in revenue is not the disaster you seem to imply, 1-5% drop in margins would be.

Crunch time approaching. Russia can’t be seen to be held back by Ukrainian forces for too long, Putin’s ego can’t take it. They’ll drive out Ukrainians from the regions they want and then come to the table, or an assassination attempt succeeds! Either way I’m hoping for some bounce from such lows once there is some certainty - similar to that seen with covid, 2009 credit crunch etc.

These guys need to post some certainty in uncertain times. A date for the overdue final results is lacking and concerning.

I’ve always found Spoons try to maximise outdoor space, more tables means more revenue with their high volume model. The one in Canary Wharf has extended so much that staff are trying to dodge delivering to certain tables as they are so far from the bar! They added an extra 40 tables to the 30 they had already. In city centres it’s a problem but that is similar for all pubs as space is at such a premium.

Any financial squeeze on families will cause some migration to cheaper alternatives I.e spoons!

Thanks for posting that, not sure the current rise is on the back of anticipation of dividend reinstatement, more on emerging from covid restrictions. We got to 330p last year with similar restrictions in place.

Held via HL :-)

Be interesting to see what the next RNS or director trade is in relation to the rise today.

With inflation the way it is 2000p is easily doable, of course, Ruddles might be £10 a pint by then too! But on paper it’ll be a big profit :-0