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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.
Isnt life funny, if you didnt know you would think that Platignum have made a loss in walking away im sure that the REGULATORS will check ( If they can be bothered ) after all Platignum are an American set up! Public Houses will be on the back foot for some while yet. Totally off topic the Test starts tomorrow, I hope Root et al get on the back foot. Lots of love SHAPERITE
Fairtrader - if it was such a great deal Platinum would have jumped for it now. They must have seen a pubs closed sign or the pork was not up to scratch!? Or the accounts were hiding too much debt? Have you looked at that recently? Hopefully we will get some meaningful update on the trading position for the pubs and Marston's side soon, but it is becoming a long hard winter, with no winter warmer served at the bar!.
The time will come for Marston's but perhaps in another 6 months we can re-consider the position. Hopefully they can open a few pubs for the end of the Summer. Good luck anyway.
With that news I am out now. If any day traders are now losing there are plenty of other shares rising today to get back any lost profits. No point in waiting for MARS to get back soon. All IMHO obviosly. Good luck.
Do not be under any illusion this will not get to 121p for a considerable time. The whole hospitailty sector is in a mess and no cetainty when this lockdown will end. Even then there are bound to be restrictions on some Social activities and a gradual opening-up. It seems clear Pubs are low down the pecking order for re-opening.
The values being posted here are pure conjecture, how many have researched the financial background of Marstons?
RF seems convinced the future is rosy, that Brain's deal is going to add value, but hang on the Welsh mission comes with hostelries that need refurbishment. Are Marstons to fund? Cannot see Brain's funding in their position, therefore until we see details of the Agreement promised last friday, is it reasonable to assume Marstons are going to fund works to Managed properties to bring to the Excellent standard Ralph promised for our own estate once the Carlsberg deal completed.?
That could be money down a black-hole.
RF has made some questionable decisions in the last 3 years, hope this is not another. As for leaving the door open to further offers. think again, the BOD will reject
I meant @ investinvalue
Yoyoma - you are right you we must expect the same. However if felt it was the right time to bid for the end of the lock down then they got this terribly wrong. ie. would you buy a pub at the moment at a higher price? Just because the Covid 19 vaccinations were being handed out did not mean immediately the Pandemic is over. I am afraid a lot of respect for Platinum has been lost in that they acted too early. Think of the costs they have suffered and the time and effort that has been lost from both them and Marstons where the restructuring could have been taking place. I regret that we still appear to have a long way to go before the end of this Pandemic and we have not yet seen the end of it yet and at the end of a lot of brewers and pubs be permanently lost - shame. However it could also have been that when conducting their own due diligence the gamble was not worth the price once they took the current trading figs to their accountants. I am not sure when the next set of accounts is due out from Marston's but if may put any future potential bidders off for the time being too. Only a thought? From my point of view money is not everything and I am glad Marston's will remain British for some time yet and I hope it survives whatever the price. If it falls heavily then it gives other smaller investors an opportunity for risk! At the moment that's all it is in this market, risk, and it depends how much people are willing to take. IMHO. Good luck for those being brave and holding out.
@parsley2
You sure? Last time in June when the PM announced pubs were re opening and they introduced help out scheme it dropped from 74p all the way down into the 30s I know because I was rubbing my hands at the thought only to be gutted.
Well until the Tories let everyone into the secret of how they propose to un lock
Society ( maintaining Tiers / Tracking systems etc ) clouds will remain here. Clarity on this is first needed.
Simply Wall St value Marston's at a SP of £1.21 fair value rating, considering all the fundamentals. I've always found them an excellent, impartial judge of a company's value previously. Worth a look if not used before. Expect a small bounce back from today's 'bad news' with any positive sentiment towards the leisure industry, which may well arrive by the end of the day. If not, back to over £1 we quickly go when any sort of relaxing of rules came into force WK of Feb 22nd as per the govt timeline for announcements. Also, there's nothing set in stone to stop a return bid- or indeed a fresh bidder coming in- now the water has been tested for a takeover. Marston's don't appear to be playing hard-ball, they're just sending saying 'make any offer a fair one for all parties'