Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Barchid
Very much agree. With the level of debt almost certain Lenders have robust conditions in place which given Old and very dubious Valuations, gives little room for manoeuvre. Also the agreement with Carlsberg ties Marston's hands if liquidation of assets were to be considered.
A Placing would not be in the interests of Shareholders, a RI is the only obvious solution which does not dilute, unless individual Holders do not take up their allocation.
Fairdealer
That is indeed my gut feel, the best deal for shareholders would be if the board could arrange debentures, unsecured loan stocks or the like against their estate as that would avoid dilution for the shareholders, but I fear due to their apparent aggressive valuations these are already fully utilised providing security to the banks to whom we are indebted. Another problem against raising cash using some of the estate as security is that there may well be agreements in the bank loan requiring any form of stronger security on a loan in the future having to be matched on existing loans outstanding.
So it seems likely that if a fundraise is in the offing it will be down to the shareholders alone to finance.
barchid, I tend to think this is paving the way for a Fund Raise....No surprise to me.
Have been convinced for some time it will be the only way the BOD can deliver their plan for the retained Pubs/Motels.
Expect it towards Q4 or sooner depends on how current income is building and how RF intends to cover the temporary facility due for repayment in November
I see Peel Hunt have been appointed alongside JPM as joint broker with immediate effect, I wonder if this is merely window dressing or if some type of capital raising is being planned where Peel's would be more at home than JPM due to the current market cap ?
Very positive reactions from businesses to first week of the 'eat-out...' scheme. Some business owners reporting customer numbers 'like Christmas'. Now fingers crossed Thursday through Sunday remains decent.
Just over 4 years
If you have over 500 shares, then the card is included in your welcome pack IF you hold a paper certificate.
If the shares are held in a nominee or broker like HL or ii, then Marstons do not have your records and you need to contact them and provide proof you hold the shares - a copy of a contract note or similar.
try investorrelations@marstons.co.uk
They said :
Good afternoon,
Thank you for your email.
Shareholders who hold 500 shares or more are entitled to a Privilege card which provides a 20% discount on food and accommodation in Marston's managed pubs, Inns and lodges.
If you hold the shares directly in your name, and have purchased them within the last month, a shareholder welcome pack will be on its way to you shortly and will contain your Privilege card.
If you hold the shares via a bank or a stockbroker, we need to see evidence of your holding before we can send a card to you (as your details do not appear on the shareholder register). This can be in the form of a copy of a recent contract note, confirmation email from your broker or a screen shot of your holding (if you have an online account). Any of these can be sent to myself at the details below, along with a correspondence address for me to send the card to. Please note, we only require evidence of your Marston's holding. Holdings in other companies should be blocked out or erased for data protection purposes.
Due to the current circumstances, there may be a delay in receiving your card. We are doing our best to get them sent out as soon as possible.
If you have any queries in the meantime, please do not hesitate to contact me.
Many thanks
Emily McLachlan
Company Secretarial Administrator
Emily.McLachlan@marstons.co.uk
Hope that helps
Hi all how do you go about obtaining a loyalty investor card? Also what are the discounts like?
Redbox how long have you been invested here?
WEATHERSPOONS CUTTING JOBS AFFECTED MARS SHARE PRICE TODAY
Crazy I bought at 62p and 58p then it hit 36p lol
It was 75p when pubs were closed.
Hopefully test 55-60p soon
Does it retraced for two months straight... This is a long overdue rise after that squeeze on the sector IMHO.
I cannot help but to conjure up an image of “ Spit the Dog “ .
Hopefully it won’t be long until we have seen the back of this virus or have some nifty quick checks in place . And just when I’ve just got the hang of this pavement slalom .!
Indeed !
and Boris could be accused of sponsoring obesity........quite a Joke.
Fairdealer
I agree, but let us hope the eat out help out scheme doesn't give them indigestion otherwise we might need to be investing in antacid producers ?
Looks as though the Pandemic has encouraged a new and dynamic type of investor. Let's hope this self-centred approach adds to Company profits!
The whole world is vulnerable to a second lock down and all markets alongside it... not just MARS rofl
As I said, lighten up....
Good time to sell I think after 20% rise .Mars is very vulnerable to second lockdown rumours and Aberdeen might be the catalyst for another retrace
However, the price of Food and drink has risen after the lockdown. But, £32.88 for 2 10oz steaks, 3 San Miguel, 3 Hobgoblin, 1 chocolate indulgence is very good for me, thankyou.
Used both on Monday, £8.58 Eat to Help and £4.29 Privilege card
Lighten up a bit.....
News of a lockdown in Aberdeen temp halted rise
Redbox
Perhaps because most shareholders would like them to make a profit ?