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@ Club1967. Yeah, good luck getting that as your entry price. If I see that, I'll add a cheeky top up myself.
Back to November 47p'51p?
Back to November 47p -51p
Ok Trent, I was not sure. Hope the poster provides the reasoning behind the suggestion.
Cheers.
@FD. No mate, to whoever it was that thought we were going down to 50p. Sorry mate.
Hi Trent, not sure is that meant for my reply?
What have you based that on then?
Red....guess you cam in at around 100p and now want to recover and profit. Marston were last over 125p almost 2 years ago when the div. was very good and they owned a brewery 100%
PI's should remember all the time pubs and accomodation is closed company's still have overheads and debts to service. In Marstons case Debt waivers have already been excercised twice and due for review in April. BNP Paribas are in the wings to take over Loan Notes from HSBC, however the conditions will be rather more onerous for Marstons.
Whitbread have just agreed waivers on their loans. The loans providers have agreed on the basis NO Dividends are payed.
Marston waivers have similar undertakings.
Having just 40% interest in the combined brewery may seem OK to a degree but the Piper ( Carlsberg) will no doubt dictate the wholesale price of beer supplied to Marstons pubs...margins may not be great. Would good to get Daave's view on this aspect/
It's just numbers.
Platinum saw value - but only at a certain level. After that, the model just doesn't work for them.
But let's not forget how the Private Equity Boys work guys.
No, the share price isn't going to magically jump up through a pound, so please manage expectations. But, longer-term the management should have just as much chance at creating forward momentum, without the added burden of a Platinum Tax hanging over them.
50p ? for a company that has just been offered £1.05 per share and rejected ? what have you been smoking ? this share will be £1.30 + in a couple of months. Sunak needs his money tree to pay for all these trillions he has borrowed and Borris needs to keep employment low so hospitality is at the top of the list in my book just under schools.
I predict that take-away alcohol will be allowed from April and beer gardens will be open from May with the usual social distancing and sanitising etc. It will be booking service for food and no standing at the bar.
Time will tell.
You gotta laugh :-)
Vaccines for many years have been preventing deaths not symptoms . Pubs will open and deaths will drop , people will still get many different illness that spread , seatbelts save life’s but people still get injured ?! Let’s take care of the road. The simple this is business will adjust and life will continue , Marstons are in a great position and easy worth £1.20+ by end of April .
I doubled my holding too; If Platinum were willing to pay 105, then they must have believed that they were worth at least that; and if the board refused the offer, then they must have believed the SP was worth more than the 105 offered. I guess we'll see in the next 6-12 months.
Our restrictions on foreign travel and those coming to the UK have been the weakest part of our response- only now are the government thinking this is a good idea and overreacting saying the maximum penalty is 10yrs for non-compliance. Unbelievable.
for the simple reason, the vaccine is not the answer to the problem on its own. Even if all the population is vaccinated by October, this does not mean the pubs will suddenly be ''rammed.'' We will have a ''restricted summer'' anyway with little tourist trade making it worse. We will have a poor Christmas too because travel restrictions will be needed to prevent ''foreigners'' bringing in new variants. The bottom line is the vaccine is designed to prevent death, not the infection.
@PARSELY
You stick with your short, I have tripled my holding. GL and may the best person win ;)
Barchid, quite, don't hold your breathe.
PI's should research and take note of the Tetley JV. started at 50/50. Leeds brewery closed and within 5 years Carlsberg owned 100%
Are people Bearish Or Bullish on the share at the moment? Brought @ 75p. Is it better to take profits now?
fairdealer
CNBC ifo ? Given we are doing a"Diana Ross" (I'm still waiting) for the Brains details which were promised I guess we don't hold our breath.
50p next stop
The writing was on the Wall when Mars, rushed out the RNS after business last Friday. That was a Red flag to Platinum. Cannot see any other bidder/predator being interested in a Company whose CEO regards it as Untoucable.
Apart from temporary spikes this is now for the LTH's
Make no mistake there are turbulent waters ahead. Just wonder how much info we will get on CMBC's financials?
@Barchid. Agreed. Time will tell I guess.
Trent
Of course the real test is when Platinum decides to offload, though considering superdischarge says they have lost a lot of (his?) respect I expect their sale will not come until after their conference call to the Tesla as to how they could have done it better !
Dogecoin perhaps ?
Unless of course they were the stalking horse to see how MARS would react ?
A strategy somewhat frowned upon but very difficult to prove, if so they will sell on to the other party at a later stage.
A slightly more subtle way than how Guinness was taken out, which involved some porridge of course.
In fact, it's held up better than I tnought. I was expecting.seeing 75 - 78p today on the back of this.
Love management speak
'synergistic'
Short term boost is gone, but it does highlight future value for longs.