The current price is ludicrously low. RR is now a highly strategic UK company backed by multiple UK and global contracts. A looming war in Eastern Europe will only help the coffers and coupled with the push towards mini-nuke power stations I can only see an upside. For everyone mentioning falling aircraft engine contracts I can see this generally becomming a much smaller part of their business anyway. The transformation is well under way.
I've already added today and will move some money around to add more shortly.
Also, anecdotal I know but I was in 'spoons last Saturday and distinct clientels were apparent over a 3 hour period. Older drinkers generally in attendance throughout but also large groups of partygoers getting fuelled up and table after table of orange ladies (of a certain age) quaffing LOTS of white wine and bubbly. Many of these groups were also eating. The point I'm making here is that I really don't think this is just a lonely old man's pub.
My recollection of events after the 2008 financial crash was that discounters in retail did extremely well. With the incoming CoL crisis and inflation, I'm betting companies like 'spoons will do very well too. As other posters here have indicated, people still want to go out and have fun but there's no fun in just getting two pints out of a tenner! I'm buying more...
I'm just a bit flummoxed by what's happening here. With other pubs charging £5+ a pint I'd have thought JDW would be doing really well. I topped up at about 980p and look where we are today. Being able to have a drink without breaking the bank should be a winning formula, expecially in the current climate.