DOWN in Favour Now ! ! Today's update does not read well and still £600m in net debt. Profit forecast is below last year's as an approximation states Mr Tim Martin. Can see these at below £7 soon. A robustbusiness and the pick of any drinking hole serving good food in my opinion, so some shareholders might just hold on, Christmas approaching might tempt the sellers to pick this stock for obvious reasons ; like it's gonna drop.
NEW ARTICLE: JD Wetherspoon still fretting over rising wages "Record sales and cash flow injected some much needed Dutch courage into LSE:JDW:JD Wetherspoon shares on Friday. That offset concerns over the sustainability of the industry amid tax disparity and the living wage, although the rally has been ..."[link]
Re: 180 day payments to suppliers??????.. This is always a bad sign. Typically done to manipulate the balance sheet to make it look better than it really is.
Full Year Results Looks like the full year results due on Friday will not be that good....hence the fall in the share price today.
180 day payments to suppliers??????.. Apparently JDW have asked every supplier from the top to the bottom to go on 180 day payment terms...I wonder why?
NEW ARTICLE: The week ahead: Barratt Developments, JD Wetherspoon "Monday 7 SeptemberTrading statementsSimiGon Ltd, Dechra Pharmaceuticals, Green Reit.AGM/EGMBetter Capital, Adgorithms.Tuesday 8 SeptemberEconomic newsAugust's BRC retail sales monitor report is published on Tuesday - Investec's Victoria Clarke ..."[link]
Re: Why the sharp fall? I agree, and I'm sure Wetherspoons will find a way to make things work. I think Tim Martin saw this as an opportunity to get some good coverage for his (well justified) rant about he imbalance between taxation for pubs and supermarkets, and it rather backfired on him as regards the share price! I'm comfortable that this share will climb back.
Re: Why the sharp fall? I think you're right that the living wage change and Wetherspoons' own response to this directly caused the sharp drop last week. i wonder though - would it not be the case that, with the living wage only being for over-25s, that Wetherspoons may have an ability to manage much of their frontline operations with younger staff to offer some mitigation. Also, with it being applied evenly across the pub sector and a bit of true wage inflation in the system anyway, my feeling is that the drop was an over-reaction. Their clear belief in themselves evidenced through the almost daily share buybacks is giving me confidence.
NEW ARTICLE: Wage hikes whack JD Wetherspoon "George Osborne's plans for a "living wage" were celebrated by most last week, but today the plans were criticised for adding "considerable" uncertainty to LSE:JDW:Wetherspoon's future profits, especially when pitted against cheap supermarket ..."[link]
Re: Why the sharp fall? A lot of pub chains and retail have suffered since the budget. The changes to the "Living Wage" will significantly affect Wetherspoons as I think a very significant number of their non-management staff in the pubs are on the current minimum wage. I suspect this has a lot to do with recent falls.
Why the sharp fall? Is the sharp fall in the share pricing anything to do with the forthcoming trading update?
NEW ARTICLE: Budget 2015 - winners and losers named ""Britain is walking tall again," shouted Chancellor George Osborne to a background of jeering and cheering typical of budget time. "This budget works for you," he added, and the soundbites kept coming. But in the final budget of this parliament, ..."[link]
Re: 4% Increase thinking of coming in but does anyone rem. what caused the collapse in late1997