Steve Moore and I worked together at t1ps.com from the day he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty website but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you his analysis of JD Wetherspoon. Steve writes...
Interim results for the 26 weeks ended 27th January 2013 from J D Wetherspoon (JDW), the FTSE 250 owner and operator of pubs throughout the UK, showed a 10% increase in revenue and 6.9% increase in like-for-like sales. However, adjusted earnings per share were just 3% up and underlying profitability was actually a few percent lower. The following examines this performance and reviews the investment proposition here…
on TradingResearchPoint | Comments