Full year results are a smidgen below consensus and the slow start to FY16 reinforces our central thesis of over capacity and heightening competition in the pubs & restaurant space. We remain cautious on the stock given the outlook of another flat year and downside risk to forecasts. Sell.
11 Sep 2015
Finals reinforce our cautious stance
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Finals reinforce our cautious stance
J D Wetherspoon plc (JDW:LON) | 735 -44.1 (-0.8%) | Mkt Cap: 908.9m
- Published:
11 Sep 2015 -
Author:
Sahill Shan -
Pages:
3
Full year results are a smidgen below consensus and the slow start to FY16 reinforces our central thesis of over capacity and heightening competition in the pubs & restaurant space. We remain cautious on the stock given the outlook of another flat year and downside risk to forecasts. Sell.