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Agree ... i like NRR, MARS for recovery ... still researching MAB, but you may well be right
Personally as one of the survivors, with the post vaccine roaring 2020s beckoning, I think MARS and MAB could see highs not seen since the 2000s
Mars is a good play on pub re-opening ... also look at NewRiver (NRR) who is lagging pub peers by ~40% during the pandemic (despite most of their pubs paying rents) ... massive re-rate coming there
Well have to say I was very wrong in my short term prediction, announcement far more promising than expected. Long term prediction still remains the same though- 1.2+ come late spring
Beware any analysis from Simply Wall Street. I have blocked them from my news feeds as their analysis and their facts are often wrong. These people were recommending Carillion a week AFTER they went into administration.
When my local Marstons reopens will be to take the Christmas decorations down.
Back into the £1+ territory now, outdoor beer gardens allowed to open from April 12th (7 weeks)
whenever the pubs re-open ( which could be 2-3 months ) the initial costs are tremendous, staff wages in the first week,supplier invoices after 2 weeks, rent ,rates electricity etc and probably a customer reluctance initially to frequent the event through caution. If they are trading initially at a loss all be it with income coming in how does that support a share price that is not far away from the offer that was rejected??? I AM NOT BEING DEFEATIST JUST PRACTICAL.
Ramping aside I am incredibly wary about topping up at these levels in the short term, particularly as pubs will most likely be closed until late Spring and MARS have rejected the offers presented to them. This will go down before it goes up IMO
Gawd, I can't wait for pubs to open again...
concur...
121p is looking very realistic, look at the facts, the vaccine roll out is already reducing cases, deaths and the R rate is rapidly dropping all over the UK. I would suspect more support will be given to the industry in the next Budget on the 3rd.
Interesting to read about the recent share price offer for Marston's from Platinum Equity Advisors which was recently rejected by the board of first 88 pence then 95 pence and finally 105 pence .... Was 105 pence a good offer for Marston's ????
Well - Simply Wall Street -who are quite analytical with company shares say that the current share price is undervalued by 25 % and 121 pence should be the fair Value for Marston ....It seems that the final offer was still to low to be accepted...
Thanks YoYoMa, I always try to be objective which does not suit all, but then my investment strategy is always LT. You have done well here, good for you.
My veiws on the Welsh venture are well known. I hope RF proves me wrong. Your realistic opinions and perception will be missed, but hopefully as you say you will pop in occasionaly.
All the best for the Future and Post Covid.
Was thinking the same to be honest Joe
Art & Bern (if I may?)
It has been a pleasure reading your pithy comments, still love the "chicken pellets", not to mention the Tesla jokes.
If I were in your position, owning in high 30's I guess I'd have done the same !
Enjoy your toast (but easy on the Tinder)
Well it took a few days to finally accept in mind and clearance that we pulled on 95p a few days back however coming in at late 30's we did exceptionally well and didn't expect this when we sold the old bungalow. The board as been an absolute pleasure and thought we've less than 25k now we'll sit back and see what happens.
I'll miss the words of wisdom from FD & Barchid but nothing like the words of Vice President of daft ideas.....SuperDischarger!! I'll pop by weekly and catch up but in the meantime thank you for the banter and good luck everyone.
When they do open I will toast the BB !
Arthur & Bernie
I agree, may/ June depending on the data that comes in. Australia/New Zealand lockdown on a couple of cases and we've thousands new infections each day. Not good short term
I agree, may/ June depending on the data that comes in. Australia/New Zealand lockdown on a couple of cases and we've thousands new infections each day. Not good short term
Struggling to maintain Share Price, Fear that Lockdown will be later than most people think. Easter would be good but Share Price aint money in the bank restart cost come thick and fast. I feel that May/June is more likely, Consequently have sold all but am ready to buy again at around 80 ish Time will tell ! DYOR
Hi Everyone, interesting to read all the comments. I have had shares in Marston’s for about 20 years now. Have had high & lows, always regretting when I have had to sell shares. It’s just been proved that the company was worth bidding for. Ok, we’re all locked down at present, but that will change at some point. It’s a quality company, & the share price will go up, once the pubs are open for business again. Keep your nerve, & keep the faith, as they say.
Joe judging by the leaks and Chinese whispers, it is fair to assume any announcement on 22nd will be factored in beforehand.
What is'nt known is how Publicans will determine whether or not opening being viable given the rules that may or not be imposed.
Lots of if's and but's!!!
AIMO
My prediction is that we'll see an increase here on Feb 22nd, think there'll be a bit of good news and positive investor sentiment after PM's announcement
I think a lot of people here get too carried away and judging by the comments must have lost thousands during these tumultuous retraces, I nor bought or sold Friday or Monday and haven't lost a dime as a result. Patience is always key and just as I said yesterday, it was highly likely this SP would subside (and it has). Good opportunity over the next while to get in or average down at the lower levels before this continues its upward trend. GLA
@Barchid.
Exactly mate. I've made and lost money myself in the past, for various reasons, my actions while experimenting with different investing strategies with my actions, inactions, greed and so on. Nobody's fault but my own. That said, I've learned one very important lesson. A harsh teacher is an effective teacher.