FabSwingers.com > Forums > Politics > Excellent advice from Tim Martin of JD Wetherspoons
Excellent advice from Tim Martin of JD Wetherspoons
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By (user no longer on site) OP
over a year ago
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t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
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"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
"
JDW profits are down 19%
Increased costs as a result of Brexit and having to pay workers a fair wage.
14 Financial Times analysts project 13.4% drop in median share price of JDW over next 12 months.
You're right, a true success story.
These facts took me 3 mins to find via Google. Maybe you should try this technique before you copy and paste shite? |
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By (user no longer on site) OP
over a year ago
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"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
JDW profits are down 19%
Increased costs as a result of Brexit and having to pay workers a fair wage.
14 Financial Times analysts project 13.4% drop in median share price of JDW over next 12 months.
You're right, a true success story.
These facts took me 3 mins to find via Google. Maybe you should try this technique before you copy and paste shite? "
Sounds like a success story really annoys you. The rise in the share price speaks for itself. Profits are down because they have held prices constant. Maybe the information you have gleaned from Google is not an accurate as you think. You would need to yardstick a potential fall in share price against the projected falls / rises in other companies .
It does not look like many people have acted on your research. I can see no immediate selling of shares in Wetherspoons .
For the avoidance of doubt and in case anyone misses it the shares have doubled in price since Brexit . I think the shareholders could easily afford a 13 % short term drop. |
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"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
JDW profits are down 19%
Increased costs as a result of Brexit and having to pay workers a fair wage.
14 Financial Times analysts project 13.4% drop in median share price of JDW over next 12 months.
You're right, a true success story.
These facts took me 3 mins to find via Google. Maybe you should try this technique before you copy and paste shite? Sounds like a success story really annoys you. The rise in the share price speaks for itself. Profits are down because they have held prices constant. Maybe the information you have gleaned from Google is not an accurate as you think. You would need to yardstick a potential fall in share price against the projected falls / rises in other companies .
It does not look like many people have acted on your research. I can see no immediate selling of shares in Wetherspoons .
For the avoidance of doubt and in case anyone misses it the shares have doubled in price since Brexit . I think the shareholders could easily afford a 13 % short term drop. "
Not annoyed by success. Pointing out your misleading example.
These are facts from their own financial accounts and The Financial Times.
I found these sources via Google. I was also then able to apply critical thinking as to their veracity.
How did you come to your considered conclusion to post this shite? |
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The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes. |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes."
No sour grapes here. Just facts. |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts."
So do you believe JDW are failing as a company ?
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By *asyukMan
over a year ago
West London |
"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes."
Of I thought that it was going to rain, I would buy an umbrella.
If I thought the economy was going to tank I would buy shares in companies that are isolated from the rest of the world.
Wetherspoons is just that. In a Brexit bubble which most of the rest of the economy cannot put itself in.
It's also a low end brand so if people become poorer they are more likely to go there.
So, essentially, the worse the economy performs,the better they will do, up to the point where people don't even have the money for that. |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
"
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story. |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story."
*projected to fall" |
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By (user no longer on site)
over a year ago
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
Of I thought that it was going to rain, I would buy an umbrella.
If I thought the economy was going to tank I would buy shares in companies that are isolated from the rest of the world.
Wetherspoons is just that. In a Brexit bubble which most of the rest of the economy cannot put itself in.
It's also a low end brand so if people become poorer they are more likely to go there.
So, essentially, the worse the economy performs,the better they will do, up to the point where people don't even have the money for that."
That's very true, places like Weatherspoons will benefit from a poorer society. |
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By (user no longer on site) OP
over a year ago
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
Of I thought that it was going to rain, I would buy an umbrella.
If I thought the economy was going to tank I would buy shares in companies that are isolated from the rest of the world.
Wetherspoons is just that. In a Brexit bubble which most of the rest of the economy cannot put itself in.
It's also a low end brand so if people become poorer they are more likely to go there.
So, essentially, the worse the economy performs,the better they will do, up to the point where people don't even have the money for that."
Hi. Your post appears to provide even further proof of Wetherspoons success . You appear to state that they are competing at the lower end of the market ( your terminology- not mine) yet even though their customers expect valid for money they have managed the business in such a manner that not only have they kept their customers happy , they have also managed to double the share price.
As least Tim Martin is on the ball and has adopted the chain to changing market conditions .
He is a true winner . |
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By (user no longer on site) OP
over a year ago
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story."
Yo most people if a share price doubles in threes years , it is considered to be a success story . The company also have substantial assets . The shareholders are not too bothered about profits being down and the customers are happy as prices have remained unchanged . |
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By *uietbloke67Man
over a year ago
outside your bedroom window ;-) |
It's a well known fact that in politics and the EU debate you dont actually need facts.
All you do is make stuff up and post it then it becomes someone elses fact.
As I write this I'm actually being sucked of by one womand and another woman is sitting on my face as the third woman prepared my lunch in her underwear...trust me it's TRUE.
Ps
The Weatherspoos guy is a dick and the pub chain only sells cheap horrible kits before sell by date booze and the food is generally minging...but hey ho if that's your leader ...fill yet boots. |
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By (user no longer on site)
over a year ago
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"It's a well known fact that in politics and the EU debate you dont actually need facts.
All you do is make stuff up and post it then it becomes someone elses fact.
As I write this I'm actually being sucked of by one womand and another woman is sitting on my face as the third woman prepared my lunch in her underwear...trust me it's TRUE.
Ps
The Weatherspoos guy is a dick and the pub chain only sells cheap horrible kits before sell by date booze and the food is generally minging...but hey ho if that's your leader ...fill yet boots."
While I've heard of some horror stories and reviews for some Weatherspoons there's plenty of nice ones too.
The one near me is nice, not somewhere I'd go for an evening meal but late breakfast / lunch is more than value for money. |
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By (user no longer on site) OP
over a year ago
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"It's a well known fact that in politics and the EU debate you dont actually need facts.
All you do is make stuff up and post it then it becomes someone elses fact.
As I write this I'm actually being sucked of by one womand and another woman is sitting on my face as the third woman prepared my lunch in her underwear...trust me it's TRUE.
Ps
The Weatherspoos guy is a dick and the pub chain only sells cheap horrible kits before sell by date booze and the food is generally minging...but hey ho if that's your leader ...fill yet boots."
Have you actually eaten in one of their pubs . Or had a coffee or breakfast .? |
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By *abioMan
over a year ago
Newcastle and Gateshead |
Wetherspoons are basically brexit proof... basically most of their beer and wine is either sourced here, or in non-eu countries... they only have 2 pubs outside the UK
they are not an example of a business that was going to be affect by brexit, which is why he can say what he does...
they have other issues such as low wages for their stuff.... they refuse to pay people the national living wage
if the economy does bite, and people decide to hold onto their money then it will affect them... |
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By *asyukMan
over a year ago
West London |
"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
Of I thought that it was going to rain, I would buy an umbrella.
If I thought the economy was going to tank I would buy shares in companies that are isolated from the rest of the world.
Wetherspoons is just that. In a Brexit bubble which most of the rest of the economy cannot put itself in.
It's also a low end brand so if people become poorer they are more likely to go there.
So, essentially, the worse the economy performs,the better they will do, up to the point where people don't even have the money for that. Hi. Your post appears to provide even further proof of Wetherspoons success . You appear to state that they are competing at the lower end of the market ( your terminology- not mine) yet even though their customers expect valid for money they have managed the business in such a manner that not only have they kept their customers happy , they have also managed to double the share price.
As least Tim Martin is on the ball and has adopted the chain to changing market conditions .
He is a true winner ."
It provides no "proof" of anything.
It merely indicates that the market believes that the company will benefit from a more restricted and poorer economy.
Thomas Cook's share price has fallen 59%
It's very difficult to adapt the market for international travel when the currency has significantly weakened as has consumer confidence in large expenses.
All your post indicates is that one company in one sector that is insulated from Brexit is doing well. It indicates that it's owner can support Brexit without any impact to himself.
So what? |
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By (user no longer on site) OP
over a year ago
|
"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
Of I thought that it was going to rain, I would buy an umbrella.
If I thought the economy was going to tank I would buy shares in companies that are isolated from the rest of the world.
Wetherspoons is just that. In a Brexit bubble which most of the rest of the economy cannot put itself in.
It's also a low end brand so if people become poorer they are more likely to go there.
So, essentially, the worse the economy performs,the better they will do, up to the point where people don't even have the money for that. Hi. Your post appears to provide even further proof of Wetherspoons success . You appear to state that they are competing at the lower end of the market ( your terminology- not mine) yet even though their customers expect valid for money they have managed the business in such a manner that not only have they kept their customers happy , they have also managed to double the share price.
As least Tim Martin is on the ball and has adopted the chain to changing market conditions .
He is a true winner .
It provides no "proof" of anything.
It merely indicates that the market believes that the company will benefit from a more restricted and poorer economy.
Thomas Cook's share price has fallen 59%
It's very difficult to adapt the market for international travel when the currency has significantly weakened as has consumer confidence in large expenses.
All your post indicates is that one company in one sector that is insulated from Brexit is doing well. It indicates that it's owner can support Brexit without any impact to himself.
So what?"
I do not see many people predicting that the economy will be getting poorer. If we have a no deal Brexit clothes and food will actually be cheaper. Short of being restricted we will have a much wider range of trading partners . Wetherspoons would not any different to any other company when assessing the impact of Brexit.
The failure of Thomas Cook is to do with long term changes in the marketing of package holidays . |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
Of I thought that it was going to rain, I would buy an umbrella.
If I thought the economy was going to tank I would buy shares in companies that are isolated from the rest of the world.
Wetherspoons is just that. In a Brexit bubble which most of the rest of the economy cannot put itself in.
It's also a low end brand so if people become poorer they are more likely to go there.
So, essentially, the worse the economy performs,the better they will do, up to the point where people don't even have the money for that. Hi. Your post appears to provide even further proof of Wetherspoons success . You appear to state that they are competing at the lower end of the market ( your terminology- not mine) yet even though their customers expect valid for money they have managed the business in such a manner that not only have they kept their customers happy , they have also managed to double the share price.
As least Tim Martin is on the ball and has adopted the chain to changing market conditions .
He is a true winner .
It provides no "proof" of anything.
It merely indicates that the market believes that the company will benefit from a more restricted and poorer economy.
Thomas Cook's share price has fallen 59%
It's very difficult to adapt the market for international travel when the currency has significantly weakened as has consumer confidence in large expenses.
All your post indicates is that one company in one sector that is insulated from Brexit is doing well. It indicates that it's owner can support Brexit without any impact to himself.
So what? I do not see many people predicting that the economy will be getting poorer. If we have a no deal Brexit clothes and food will actually be cheaper. Short of being restricted we will have a much wider range of trading partners . Wetherspoons would not any different to any other company when assessing the impact of Brexit.
The failure of Thomas Cook is to do with long term changes in the marketing of package holidays . "
Thomas Cook will be ok - Chinese are going to buy it, then everything will be ok
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By *abioMan
over a year ago
Newcastle and Gateshead |
pat is apparently living in a different world to the rest of us....
"I do not see many people predicting that the economy will be getting poorer."
by many people you must mean everyone....
its not of a case of if the economy will shrink after brexit.... the bank of england have said anything up to 9% being very pessimistic, the government own statistics say TM's deal would shrink it by 4-5%, even the "economists for brexit" concede that in the short term (10 yrs) the economy would shrink by 1-2%
so we continue:
" If we have a no deal Brexit clothes and food will actually be cheaper. "
now pat you know that claim is not true... we have gone over why that claim is not true, no one else but you still makes that claim...newspapers don't, politicians don't! so stop it!
if you keep repeating the lie it doesn't make it anymore true at any point!
"Short of being restricted we will have a much wider range of trading partners ."
no pat we will still have the same range of trading partners.... its just that where you have around 70 countries with FTA's at the moment, you would lose the majority of them!
I have a copy of "economic for dummies" you can borrow at any point.... not that you would read it!
"Wetherspoons would not any different to any other company when assessing the impact of Brexit."
no... wetherspoons are different to most companies as the exposure they have to the EU is very very small
people have told you this... in one ear, out the other... doesn't even rattle around in there for a bit!
"The failure of Thomas Cook is to do with long term changes in the marketing of package holidays . "
nope the failure of thomas cook is they diversified from being just a holiday company to being a holiday and flight company.. airplanes and stuff cost money and they took on a lot of debt... that is why this potential deal splits the holiday company from the airline company! |
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By (user no longer on site)
over a year ago
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"
So what? I do not see many people predicting that the economy will be getting poorer.
If we have a no deal Brexit clothes and food will actually be cheaper. "
How?
We leave then how will clothes and food become cheaper the day after?
What magic thing happens once we leave that makes clothes and food cheaper that we cannot do today? |
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By (user no longer on site) OP
over a year ago
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"pat is apparently living in a different world to the rest of us....
I do not see many people predicting that the economy will be getting poorer. by many people you must mean everyone....
its not of a case of if the economy will shrink after brexit.... the bank of england have said anything up to 9% being very pessimistic, the government own statistics say TM's deal would shrink it by 4-5%, even the "economists for brexit" concede that in the short term (10 yrs) the economy would shrink by 1-2%
so we continue:
If we have a no deal Brexit clothes and food will actually be cheaper. now pat you know that claim is not true... we have gone over why that claim is not true, no one else but you still makes that claim...newspapers don't, politicians don't! so stop it!
if you keep repeating the lie it doesn't make it anymore true at any point!
Short of being restricted we will have a much wider range of trading partners . no pat we will still have the same range of trading partners.... its just that where you have around 70 countries with FTA's at the moment, you would lose the majority of them!
I have a copy of "economic for dummies" you can borrow at any point.... not that you would read it!
Wetherspoons would not any different to any other company when assessing the impact of Brexit. no... wetherspoons are different to most companies as the exposure they have to the EU is very very small
people have told you this... in one ear, out the other... doesn't even rattle around in there for a bit!
The failure of Thomas Cook is to do with long term changes in the marketing of package holidays .
nope the failure of thomas cook is they diversified from being just a holiday company to being a holiday and flight company.. airplanes and stuff cost money and they took on a lot of debt... that is why this potential deal splits the holiday company from the airline company! "
Hi. If the choice is between accepting your opinion and that of Tim Martin it is that of T im Martin which I will be accepting. He is a man with a long and successfull track record in running a business and we have seen the share price of Wetherspoons double since Brexit. He is a man of vision with a track record to support it.
No one can predict the future with certainty so I am unsure as to why you think you can. The predicions of Project Fear seem laughable now.
You so not seriously think that I should be compelled ( forced ) to accept your views in preference to those of a man who runs a very successfull quoted company.
With Boris as PM you will have nothing to fear. He will be selecting committed leaves to run the country and it should be payback time for those who failed to support the leave campaign .
If there was any possibility of some of the predictions of the the merchants of doom and gloom being true, share prices would have plummeted .
This has not happened. A clear indication that those who invest and put their money where their mouth is are not too concerned. |
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By *asyukMan
over a year ago
West London |
"pat is apparently living in a different world to the rest of us....
I do not see many people predicting that the economy will be getting poorer. by many people you must mean everyone....
its not of a case of if the economy will shrink after brexit.... the bank of england have said anything up to 9% being very pessimistic, the government own statistics say TM's deal would shrink it by 4-5%, even the "economists for brexit" concede that in the short term (10 yrs) the economy would shrink by 1-2%
so we continue:
If we have a no deal Brexit clothes and food will actually be cheaper. now pat you know that claim is not true... we have gone over why that claim is not true, no one else but you still makes that claim...newspapers don't, politicians don't! so stop it!
if you keep repeating the lie it doesn't make it anymore true at any point!
Short of being restricted we will have a much wider range of trading partners . no pat we will still have the same range of trading partners.... its just that where you have around 70 countries with FTA's at the moment, you would lose the majority of them!
I have a copy of "economic for dummies" you can borrow at any point.... not that you would read it!
Wetherspoons would not any different to any other company when assessing the impact of Brexit. no... wetherspoons are different to most companies as the exposure they have to the EU is very very small
people have told you this... in one ear, out the other... doesn't even rattle around in there for a bit!
The failure of Thomas Cook is to do with long term changes in the marketing of package holidays .
nope the failure of thomas cook is they diversified from being just a holiday company to being a holiday and flight company.. airplanes and stuff cost money and they took on a lot of debt... that is why this potential deal splits the holiday company from the airline company! Hi. If the choice is between accepting your opinion and that of Tim Martin it is that of T im Martin which I will be accepting. He is a man with a long and successfull track record in running a business and we have seen the share price of Wetherspoons double since Brexit. He is a man of vision with a track record to support it.
No one can predict the future with certainty so I am unsure as to why you think you can. The predicions of Project Fear seem laughable now.
You so not seriously think that I should be compelled ( forced ) to accept your views in preference to those of a man who runs a very successfull quoted company.
With Boris as PM you will have nothing to fear. He will be selecting committed leaves to run the country and it should be payback time for those who failed to support the leave campaign .
If there was any possibility of some of the predictions of the the merchants of doom and gloom being true, share prices would have plummeted .
This has not happened. A clear indication that those who invest and put their money where their mouth is are not too concerned. "
If the choice is between accepting your opinion and those of a man who runs a small national chain of pubs or that of Siemens Chief Executive Jürgen Maier or Airbus Chief Executive Guillaume Faury or Paul Smith who run international companies then I will chose to pass on yours.
Your ambitions for our country seem very small.
Then yada yada, project fear, yada yada soundbites. Yawn.
With Boris elected it seems that we can contemplate revenge on those who do not hold the same views. A purge in both government and civil service. Listening only to one opinion. Also a man who refuses to rule out the suspension of democracy through the proroguing of Parliament to force through a policy with marginal support.
Boris Johnson, a man who says whatever is useful to him and lies freely.
No thank you Pat. I'll not choose your blinkered perspective on the world. |
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By (user no longer on site)
over a year ago
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"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
"
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments."
It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons . |
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By (user no longer on site)
over a year ago
|
Business men will generally promotes the side which benefits them. I don't look at one voice but the consensus.
Continued success of weatherspoons will not keep the county going. 7 |
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By (user no longer on site)
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons . "
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers. |
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By *oo hotCouple
over a year ago
North West |
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers."
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur."
It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade. |
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By *asyukMan
over a year ago
West London |
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade. "
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing  |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade.
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing "
What happened at Patisserie is comparatively rare . You can hardly afford to form an opinion based on one isolated fraud case . |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade.
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing "
No doubt the investors in Patisserie Valerie will have accepted that their investment is a total loss and moved on . Any one with common sense will have spread their risk widely and no doubt the gains on other investments will have more than covered their loss on this one . No one gets it right all the time and losses are an unavoidable risk you take when making an investment . What matters is the overall return on your portfolio. If you cannot afford to take a bit on a few investments you probably should not be investing in stocks and shares in the first place. |
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By *asyukMan
over a year ago
West London |
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade.
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing No doubt the investors in Patisserie Valerie will have accepted that their investment is a total loss and moved on . Any one with common sense will have spread their risk widely and no doubt the gains on other investments will have more than covered their loss on this one . No one gets it right all the time and losses are an unavoidable risk you take when making an investment . What matters is the overall return on your portfolio. If you cannot afford to take a bit on a few investments you probably should not be investing in stocks and shares in the first place."
Pat, I wasn't talking about portfolio risk.
I was directly addressing the nonsense that you wrote about:
"The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides."
Because guess what? So were Patisserie Valerie's  |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade.
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing No doubt the investors in Patisserie Valerie will have accepted that their investment is a total loss and moved on . Any one with common sense will have spread their risk widely and no doubt the gains on other investments will have more than covered their loss on this one . No one gets it right all the time and losses are an unavoidable risk you take when making an investment . What matters is the overall return on your portfolio. If you cannot afford to take a bit on a few investments you probably should not be investing in stocks and shares in the first place.
Pat, I wasn't talking about portfolio risk.
I was directly addressing the nonsense that you wrote about:
"The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides."
Because guess what? So were Patisserie Valerie's "
Hi. It may be nonsense to you but not to the many other investors who carry out research of both the upsides and downsides. Frauds are comparatively rare . It seems that a lot of things in life are nonsense to you. |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade.
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing No doubt the investors in Patisserie Valerie will have accepted that their investment is a total loss and moved on . Any one with common sense will have spread their risk widely and no doubt the gains on other investments will have more than covered their loss on this one . No one gets it right all the time and losses are an unavoidable risk you take when making an investment . What matters is the overall return on your portfolio. If you cannot afford to take a bit on a few investments you probably should not be investing in stocks and shares in the first place.
Pat, I wasn't talking about portfolio risk.
I was directly addressing the nonsense that you wrote about:
"The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides."
Because guess what? So were Patisserie Valerie's "
You have however failed to recognise that Patisserie Valerie were AIM listed and not subject to quite the same degree of reporting requirements as one listed in the FTSE 250. Maybe a like for like comparison would be more relevant. |
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By (user no longer on site) OP
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. "
Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
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By (user no longer on site)
over a year ago
|
"
So what? I do not see many people predicting that the economy will be getting poorer.
If we have a no deal Brexit clothes and food will actually be cheaper.
"
How Pat ?
We leave then how will clothes and food become cheaper the day after?
What magic thing happens once we leave that makes clothes and food cheaper that we cannot do today? |
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By (user no longer on site)
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie.
Hi. I guess it is to those who do not like the point that it proves . Some people really resent success. "
He's totally right though, far far more business say Brexit will be bad for them compared to a tiny handful supporting Brexit.
Anyway, I'm still intrigued as to how a no deal Brexit makes clothes and food cheaper than it is now.
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By *oo hotCouple
over a year ago
North West |
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success. "
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? |
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By (user no longer on site)
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success. "
I have no idea what point it is I do not like. I only mentiones portfolios because you did.
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By (user no longer on site) OP
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper?"
Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain. |
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By (user no longer on site)
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain. "
So, Minford zero tarrifs plan.  |
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By *asyukMan
over a year ago
West London |
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur. It is difficult to see how there is any real comparison between Polly Peck and Wetherspoons . In the case of Polly Peck three issues lead to its downfall
1. Theft by the Chairman
2. Too many costs being classified as being below the line.
3. Failure to monitor the cash flow statement.
The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides.
As far as I am aware no one has ever suggested that Tim Martin is dishonest . Growth of Wetherspoons has been consistent over the past decade.
Patisserie Valerie was also a publicly listed company for which a detailed analysis could be carried out.
I'm not questioning the integrity of the company.
Just don't be so naïve.
Just remembered who I'm addressing No doubt the investors in Patisserie Valerie will have accepted that their investment is a total loss and moved on . Any one with common sense will have spread their risk widely and no doubt the gains on other investments will have more than covered their loss on this one . No one gets it right all the time and losses are an unavoidable risk you take when making an investment . What matters is the overall return on your portfolio. If you cannot afford to take a bit on a few investments you probably should not be investing in stocks and shares in the first place.
Pat, I wasn't talking about portfolio risk.
I was directly addressing the nonsense that you wrote about:
"The accounts of Wetherspoons are subject to a detailed scrutiny and anyone who wants to is able to obtain a detailed analysis of both its future prospects and potential downsides."
Because guess what? So were Patisserie Valerie's You have however failed to recognise that Patisserie Valerie were AIM listed and not subject to quite the same degree of reporting requirements as one listed in the FTSE 250. Maybe a like for like comparison would be more relevant. "
You are hilarious.
How about Royal Bank of Scotland then? |
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By (user no longer on site)
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain. "
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
|
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By (user no longer on site) OP
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain.
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
"
I will leave you to explain as you raised the question. It has already been answered so why ask again. |
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By (user no longer on site)
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain.
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again."
Simple, you previously posted a reply that did not add up anywhere near your claims so since you're still stating that clothes and food will be cheaper by raising the price I mistakenly thought you had new evidence.
It is amusing when you post that you apply critical thinking yet your critical thinking only stretches as far as what you read without actually thinking about what you're reading  |
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By (user no longer on site)
over a year ago
|
"
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again."
So you agree that I have corrected your mistake in thinking WTO tarrifs makes clothes and food cheaper and in fact adding tarrifs does make things more expensive
At least the penny has finally dropped for you |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"
It is amusing when you post that you apply critical thinking yet your critical thinking only stretches as far as what you read without actually thinking about what you're reading "
remember his own critical thinking was to suggest that money used on the tariffs coming into the country could be used to subsidised private companies selling their stuff overseas.....
so ... yeah! |
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By (user no longer on site) OP
over a year ago
|
"
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again.
So you agree that I have corrected your mistake in thinking WTO tarrifs makes clothes and food cheaper and in fact adding tarrifs does make things more expensive
At least the penny has finally dropped for you "
Why would I agree. ? I have already posted a detailed article about why clothes and food would be cheaper and it was mentioned again in one of the broadsheets this week. I will be be relying on some posters on this forum as a source of information. |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story. Yo most people if a share price doubles in threes years , it is considered to be a success story . The company also have substantial assets . The shareholders are not too bothered about profits being down and the customers are happy as prices have remained unchanged . "
If the shareholders aren't bothered why is the share price projected to fall? |
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By *asyukMan
over a year ago
West London |
"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story. Yo most people if a share price doubles in threes years , it is considered to be a success story . The company also have substantial assets . The shareholders are not too bothered about profits being down and the customers are happy as prices have remained unchanged .
If the shareholders aren't bothered why is the share price projected to fall?"
That is an interesting question.
FT
"The 14 analysts offering 12 month price targets for J D Wetherspoon plc have a median target of 1,265.00, with a high estimate of 1,500.00 and a low estimate of 970.00. The median estimate represents a -13.36% decrease from the last price of 1,460.00." |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story. Yo most people if a share price doubles in threes years , it is considered to be a success story . The company also have substantial assets . The shareholders are not too bothered about profits being down and the customers are happy as prices have remained unchanged .
If the shareholders aren't bothered why is the share price projected to fall?
That is an interesting question.
FT
"The 14 analysts offering 12 month price targets for J D Wetherspoon plc have a median target of 1,265.00, with a high estimate of 1,500.00 and a low estimate of 970.00. The median estimate represents a -13.36% decrease from the last price of 1,460.00.""
Yup. That's the source I quoted earlier.
Could it be that keeping prices the same in the face of rising costs isn't sustainable? |
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By (user no longer on site) OP
over a year ago
|
"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story. Yo most people if a share price doubles in threes years , it is considered to be a success story . The company also have substantial assets . The shareholders are not too bothered about profits being down and the customers are happy as prices have remained unchanged .
If the shareholders aren't bothered why is the share price projected to fall?
That is an interesting question.
FT
"The 14 analysts offering 12 month price targets for J D Wetherspoon plc have a median target of 1,265.00, with a high estimate of 1,500.00 and a low estimate of 970.00. The median estimate represents a -13.36% decrease from the last price of 1,460.00.""
These are probably the areas which you would need to investigate in more detail
We can see that Wetherspoons consistently spends less money on maintenance capex on existing pubs than its depreciation charge. Does this mean that Wetherspoons is depreciating too much and understating its profits?
I don’t think so. This is because depreciation applies to all pubs whereas the cash spent does not. The important thing to note is that maintenance capex has been rising in recent years as the investment cycle in pubs has been getting shorter. Pubs need refreshing around every six years these days compared with 10-11 years not so long ago.
The other thing to keep an eye on with Wetherspoons is spending on repairs and maintenance. Twenty-five years ago the requirement was around 2 per cent of sales. It is now running at more than double that rate and is eating into profit margins.
The rising cost of replacement and repairs does not bode well for profit margins and will need significant sales growth to offset these pressures.
Perhaps the biggest threat to profits is rising wage costs. Wetherspoons has a good reputation for looking after its staff and has good retention rates. This comes at a cost of paying more than minimum and living wage rates, cash bonuses and the award of shares. Staff costs are reducing margins and have increased significantly as a percentage of sales in recent years. |
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By (user no longer on site) OP
over a year ago
|
"t looks like Tim Martin ( of JD Wetherspoons ) is a true success story . Actions speak louder than words . The share price of Wetherspoons has doubled since the Brexit vote in June 2016 . Tim is also a man who looks after his customers – despite rising wage bills and food inflation the chain has not increased it prices .
Not only has Tim given his customers excellent service ( and keep prices constant ) , he has also provided investors ( shareholders ) with an outstanding performance .
Another excellent piece of advice from Tim Martin is that he is urging the government not to strike a deal to leave the EU .
Nao deal Mr Marin said was akin to a multi deal , allowing Britain to strike bilateral trade agreements with different countries rather than being shackled to a mono deal - an accord with a EU
This is just four paragraphs of opinion piece shite.
My 16 year old relatives write better pieces for their A-level economics assignments. It looks like the truth hurts. Doubling of the share price within three years is a remarkable success story.
It is of course be irrelevant what your daughter writes for her assignments . What actually matters is the use to which she puts the information.
Tim Martin who is also a Barrister has succeeded in putting his knowledge to good use and succeeded where many others have failed.
I cannot see too many investors bring concerned about what exams Tim Martin may or may not have passed .
He has passed the only exam that matters - the performance and share price of Wetherspoons .
A.) Read what I put, I put relative, not daughter. I'm unmarried with no children. You either do not read accurately, or make presumptions. Whichever it is, remember that this makes a pretty terrible impression if you are trying to convince me you are correct.
B.) Mr. Martin studied Law at University. He took training to be a barrister - he never used it though, and I think if you don't use it for a significant amount of time, your licence to practice is revoked. That's presuming he qualified and took training for a liscence.
I struggle to see how barrister training equates to skills to be a good business man. Care to elaborate?
C.) Surely investors care more about share price? You know, sales figures, company PR. These seem to play into it.
Regardless, I didn't realise a pub chain was more concerned about its shares and investors over its "real people" customers.
You need to realise that some people on this forum are certifiably sycophantic. One symptom of this is that they elevate chosen characters to an unwarranted level of credibility. Critical analysis does not come easy to someone who prefers simple hero worshiping.
I admire the success of the Wetherspoons chain as much as I once admired the success of Polly Peck. Both enterprises expanded rapidly and both were/are led by men whose ego outshone their personal talent. The public persona of the owner of Wetherspoons does not appear to demonstrate the natural skills and talents to manage the size of the business that he has (admirably) developed and I can’t help but feel that he must have a hugely talented management team that we never hear or see or there is a day of reckoning on the horizon. Fast growing businesses led by egotistical owners tend to hit the rocks when cold hearted business strategy is needed over the drive of an entrepreneur."
Hi . I think you will find that the growth of Wetherspoons has been consistent since 1979 .
JD Wetherspoon is one of the largest pub operators in the UK with 879 pubs and current annual sales of £1.75bn. The company has a very simple business model that aims to sell food and drink to its customers at reasonable prices in pubs that are maintained in good condition. It is a strategy that has served it and its shareholders well.
Wetherspoons is arguably the UK’s best performing pub owner and operator and has consistently delivered sector-leading levels of sales growth. While dividing opinion among pub goers, there can be no doubt that its way of doing business has been a tremendous success since it opened its first pub in 1979. |
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By *asyukMan
over a year ago
West London |
"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story. Yo most people if a share price doubles in threes years , it is considered to be a success story . The company also have substantial assets . The shareholders are not too bothered about profits being down and the customers are happy as prices have remained unchanged .
If the shareholders aren't bothered why is the share price projected to fall?
That is an interesting question.
FT
"The 14 analysts offering 12 month price targets for J D Wetherspoon plc have a median target of 1,265.00, with a high estimate of 1,500.00 and a low estimate of 970.00. The median estimate represents a -13.36% decrease from the last price of 1,460.00."
These are probably the areas which you would need to investigate in more detail
We can see that Wetherspoons consistently spends less money on maintenance capex on existing pubs than its depreciation charge. Does this mean that Wetherspoons is depreciating too much and understating its profits?
I don’t think so. This is because depreciation applies to all pubs whereas the cash spent does not. The important thing to note is that maintenance capex has been rising in recent years as the investment cycle in pubs has been getting shorter. Pubs need refreshing around every six years these days compared with 10-11 years not so long ago.
The other thing to keep an eye on with Wetherspoons is spending on repairs and maintenance. Twenty-five years ago the requirement was around 2 per cent of sales. It is now running at more than double that rate and is eating into profit margins.
The rising cost of replacement and repairs does not bode well for profit margins and will need significant sales growth to offset these pressures.
Perhaps the biggest threat to profits is rising wage costs. Wetherspoons has a good reputation for looking after its staff and has good retention rates. This comes at a cost of paying more than minimum and living wage rates, cash bonuses and the award of shares. Staff costs are reducing margins and have increased significantly as a percentage of sales in recent years."
So why is the median projection a 13% fall in share price?
The 14 analysts have the same access to data as you right?
I shan't be keeping an eye on Wetherspoons.
Thank you for your suggestion though |
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"The share price indicates what the investors who are actually putting their money where their mouth is think about the company. They think it is twice as valuable as it was a year ago which is a success story by an measure. You're knocking it based on predictions by journalists with no skin in the game who think it might be a little less than twice as valueable this time next year... Sour grapes.
No sour grapes here. Just facts.
So do you believe JDW are failing as a company ?
I didn't say that. I said profits are down and the share price is project to all also. So hardly a shining success story."
People like you should be swung from lampposts. How dare apply any critical analysis to a company run by one of Leaves best and greatests supporters. |
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"It's a well known fact that in politics and the EU debate you dont actually need facts.
All you do is make stuff up and post it then it becomes someone elses fact.
As I write this I'm actually being sucked of by one womand and another woman is sitting on my face as the third woman prepared my lunch in her underwear...trust me it's TRUE.
Ps
The Weatherspoos guy is a dick and the pub chain only sells cheap horrible kits before sell by date booze and the food is generally minging...but hey ho if that's your leader ...fill yet boots.
While I've heard of some horror stories and reviews for some Weatherspoons there's plenty of nice ones too.
The one near me is nice, not somewhere I'd go for an evening meal but late breakfast / lunch is more than value for money. "
I'd generally agree with that statement. In most Weatherspoons the breakfast is quite good, the lunch is OK but I'd only eat there in the evening if I happened to be there and was really hungry. Unfortunately, since about 10 years ago, the quality of their beer is just not as good as it was, so I tend to avoid Weatherspoons all together these days.
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By (user no longer on site)
over a year ago
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"
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again.
So you agree that I have corrected your mistake in thinking WTO tarrifs makes clothes and food cheaper and in fact adding tarrifs does make things more expensive
At least the penny has finally dropped for you
Why would I agree. ? I have already posted a detailed article about why clothes and food would be cheaper and it was mentioned again in one of the broadsheets this week. I will be be relying on some posters on this forum as a source of information. "
And I gave you a detailed bullet point list on how the figures in your article were actually wrong but you'd need an open mind to take in the basic facts how and why that article was factually incorrect in many areas |
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"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain.
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
"
It is wrong to suggest the eu is tariff free. Whilst goods moving within the eu are tariff free, when we, as an eu member, import from China for instance, we have to apply the appropriate tariff to those goods. If we leave with no deal we could choose to apply no tariff to those same goods so they would be cheaper. The government have published proposed tariffs that would see 87% of goods tariff free as opposed to 80% under eu regulations.
WTO scheduled tariffs are what other countries apply to our exports to them, we choose what tariffs we apply to our imports from them.
|
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By (user no longer on site) OP
over a year ago
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"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain.
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
It is wrong to suggest the eu is tariff free. Whilst goods moving within the eu are tariff free, when we, as an eu member, import from China for instance, we have to apply the appropriate tariff to those goods. If we leave with no deal we could choose to apply no tariff to those same goods so they would be cheaper. The government have published proposed tariffs that would see 87% of goods tariff free as opposed to 80% under eu regulations.
WTO scheduled tariffs are what other countries apply to our exports to them, we choose what tariffs we apply to our imports from them.
"
Hi. A good post. Sadly not everyone is as well informed as you are . |
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By (user no longer on site) OP
over a year ago
|
"
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again.
So you agree that I have corrected your mistake in thinking WTO tarrifs makes clothes and food cheaper and in fact adding tarrifs does make things more expensive
At least the penny has finally dropped for you
Why would I agree. ? I have already posted a detailed article about why clothes and food would be cheaper and it was mentioned again in one of the broadsheets this week. I will be be relying on some posters on this forum as a source of information.
And I gave you a detailed bullet point list on how the figures in your article were actually wrong but you'd need an open mind to take in the basic facts how and why that article was factually incorrect in many areas "
I am not quite sure as to why anyone should be expected to accept your analysis as opposed to that of a distinguished journalist. What actually matters is the overall point of the article which clearly explained why food and clothes would be cheaper under a no deal Brexit . Interestingly you refer to looking at issues with an open mind which is a very telling comment. Usually when people use such terminology it simply means that they themselves have a closed mind |
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By *oo hotCouple
over a year ago
North West |
"
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again.
So you agree that I have corrected your mistake in thinking WTO tarrifs makes clothes and food cheaper and in fact adding tarrifs does make things more expensive
At least the penny has finally dropped for you
Why would I agree. ? I have already posted a detailed article about why clothes and food would be cheaper and it was mentioned again in one of the broadsheets this week. I will be be relying on some posters on this forum as a source of information.
And I gave you a detailed bullet point list on how the figures in your article were actually wrong but you'd need an open mind to take in the basic facts how and why that article was factually incorrect in many areas I am not quite sure as to why anyone should be expected to accept your analysis as opposed to that of a distinguished journalist. What actually matters is the overall point of the article which clearly explained why food and clothes would be cheaper under a no deal Brexit . Interestingly you refer to looking at issues with an open mind which is a very telling comment. Usually when people use such terminology it simply means that they themselves have a closed mind "
In the land of the blind, the one eyed man is King. |
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By *asyukMan
over a year ago
West London |
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain.
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
It is wrong to suggest the eu is tariff free. Whilst goods moving within the eu are tariff free, when we, as an eu member, import from China for instance, we have to apply the appropriate tariff to those goods. If we leave with no deal we could choose to apply no tariff to those same goods so they would be cheaper. The government have published proposed tariffs that would see 87% of goods tariff free as opposed to 80% under eu regulations.
WTO scheduled tariffs are what other countries apply to our exports to them, we choose what tariffs we apply to our imports from them.
"
The EU is a tariff free trade area.
It's external tariffs are within the range defined by WTO.
We are only proposing to drop these tariffs to the lower end to try to very marginally offset the huge tariff barriers that will go into place between our rich neighbors with whom most of our trade is currently tariff free.
Our "best friends"; USA, Australia and New Zealand are also currently opposing our WTO schedule as it stands. They don't want to give us the existing quotas as rolled over from our EU membership.
Will you congratulate me on this well informed and completely factual analysis Pat? |
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By *asyukMan
over a year ago
West London |
"
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
I will leave you to explain as you raised the question. It has already been answered so why ask again.
So you agree that I have corrected your mistake in thinking WTO tarrifs makes clothes and food cheaper and in fact adding tarrifs does make things more expensive
At least the penny has finally dropped for you
Why would I agree. ? I have already posted a detailed article about why clothes and food would be cheaper and it was mentioned again in one of the broadsheets this week. I will be be relying on some posters on this forum as a source of information.
And I gave you a detailed bullet point list on how the figures in your article were actually wrong but you'd need an open mind to take in the basic facts how and why that article was factually incorrect in many areas I am not quite sure as to why anyone should be expected to accept your analysis as opposed to that of a distinguished journalist. What actually matters is the overall point of the article which clearly explained why food and clothes would be cheaper under a no deal Brexit . Interestingly you refer to looking at issues with an open mind which is a very telling comment. Usually when people use such terminology it simply means that they themselves have a closed mind "
You don't accept the analysis of distinguished journalist Christopher Booker on a no deal Brexit being a bad idea.
Why should we take your opinion over his?  |
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By (user no longer on site)
over a year ago
|
"Our economy is a portfolio of companies. Picking on one and two to prove a rule is naivie. Hi. I guess it is to those who do not like the point that it proves . Some people really resent success.
It is YOU who pick on the minority of Companies who feel that Brexit will be OK - the vast majority think the absolute opposite. I guess it proves the point that if you choose to be ignorant in the face of an overwhelming majority who think different to you - there is no hope for you.
And please answer the previous poster who has asked you several times why food and clothes will be cheaper? Some companies think Brexit may be bad for them, others are much more positive. Most just want to get Brexit over and done with and move on.
If most companies thought that Brexit was damaging in the long term share prices would have tanked out and we would not have seen a large number of EU companies purchasing British based companies. The predictions of Project Fear now seem laughable.
With regard to your second point this was already answered in detail on a previous thread. The poster asking the question has no interest in the answer so it would be pointless to attempt to answer it again as all the information is already in the public demain.
So it's a no then, you can't answer or point to a credible source that explains how applying tarrifs to food and clothes and makes them cheaper.
Currently we trade on 2 terms, FTA's / TA's and WTO rules with Countries we don't have trade agreements with so the WTO tarrifs apply already on the WTO trade as it is and no tarrifs apply to goods from countries we have trade agreements with.
So please, it must be simple, how does scrapping free trade agreements that have no tarrifs and replacing them with WTO scheduled tarrifs make things cheaper?
It's like taking a VAT exempt item and applying VAT at upto 40% and then saying doing so will make it cheaper!
It is wrong to suggest the eu is tariff free. Whilst goods moving within the eu are tariff free, when we, as an eu member, import from China for instance, we have to apply the appropriate tariff to those goods. If we leave with no deal we could choose to apply no tariff to those same goods so they would be cheaper. The government have published proposed tariffs that would see 87% of goods tariff free as opposed to 80% under eu regulations.
WTO scheduled tariffs are what other countries apply to our exports to them, we choose what tariffs we apply to our imports from them.
Hi. A good post. Sadly not everyone is as well informed as you are . "
How do we get those brilliant Free trade agreements the leave campaign promised if we unilaterally apply 0% tarrifs to everything from every country.
We then have no bargaining power and no protection for our own manufacturers and farmers and no reason for other countries to negotiate deals with us if we're giving it away for free to start with. |
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By (user no longer on site)
over a year ago
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To put unilateral free tarrifs into the usual Brexit metaphor, it's like giving away your carvti a car dealershio, and then trying to get the same deal a part exchange.
As negotiation tactics go, if guy hate taking no deal off the table, you should hate this. |
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By (user no longer on site)
over a year ago
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Tim Martin is a truly ignorant, opinionated, objectionable, small minded Little Englander who's arguments about Brexit can be systematically debunked if you take the time
He certainly knows his market, I'll give him that but thinks that all the market rules that apply to his entertainment business apply to all areas of life and that makes him dangerous and weird.
But what do I know eh. I look forward with a lot of unease that such a berk will have the ear and influence of the PM and such like in the near future. |
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By (user no longer on site)
over a year ago
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Well it's looking like the UK is going to have to be an open tarrif free country to make clothes and food cheaper which can only hasten the demise of many of our manufacturers, businesses and farmers. |
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I heard a good joke.
2 old school pals meets, 1st guy asks his old friend what he is up these days, cooking and serving meals to down and outs, drug addicts and piss heads is the reply.
That's great he says volunteering at a shelter, no says the guy im a chef at Witherspoons. |
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