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..82p
Or
..75p ?
Bberman, thanks for the correction. Again correct me if wrong, the approved waivers will not be extended beyond April?
Are you connected to Marstons?.
I do remember the days of Clive's great creation even bought one of his Spectrum 48k rubberized computers. I still am baffled by FuddledMuck's comments when he tells people to be careful of rampers/derampers etc when his sheer lack of research in a stock made hiim pull at 50p also whilst in a pandemic...... now that kind of thinking isn't curable by any vaccine.
Been a good week in all, here's to another relaxing lockdown weekend.
Expecting a high open next week regardless
YoYoMa
a car for Captain Tom, surely the FuddledMuck would suggest a Tesla with pedals ?
Rather like that Sinclair EV had in the '80's if you remember that ?
Very helpful for going up steep hills....
Fairdealer - you should note that the novation between HSBC and BNP Paribas was not connected to the bonds, but the hedging instruments - separate agreements - used to hedge interest rate rises:
''We hereby give notice in accordance with Condition 17 of the Notes that the swap transaction in respect of the Class A2, Class A3 and Class A4 Notes under the Interest Rate Swap Agreement between the Issuer and HSBC Bank plc ("HSBC") as Swap Counterparty dated as of 9 August 2005 (as amended and restated on or about 27 March 2019, the "HSBC Swap Agreement") has been transferred from HSBC to BNP Paribas (as the new Swap Counterparty) by way of a swap novation.''
The swaps would not be secured on pub assets - the bonds are - and any waiver or amendment requests would continue to be dealt with between bondholders and the company, as before.
Actually its been several days now without Agent FuddledMuck giving us his wise words of unwisdom and strong opinions to "Sell"....Perhaps he's been invited over to Elon's factory to design a car for commemoration to Capt Tom......
the price is doing very well, but lets be realistic, more than likely there might be a pull back to the mid 70's next week while profit takers jump and new platform consolidated
barchid
Not sure how RF can claim at this point in time the final payment will be £20m. The payment is based on a basket of company's, as I recall including MAB and WTB and others. The calculation to made in September. Maybe he has a crystal ball??
At least the SP is moving in the right direction, one wonders why?
I am out today, but given how the sells flew through, wouldn't surprise me if something is happening, or about to auction to the upside
Not selling until it hits £1..
Won't be long.
I notice we briefly breached 80p today, which sticks in my mind as that was what supercharged ramper kept telling us to target, until the spurious ramper turned into a pump n dump merchant by selling at just under 50p.
Of course as we were all a "step or two behind" him he is probably thinking that our memories are as senilely demented as his, oddly enough a couple of his possible aliases have also gone super quiet these past few days.
Funny old world isn't it, I do hope he has got over his being bullied at school now though.
All imo, dyor.
And BP for a Midnight Rambler again soon, he is like mackerel to the bait....
Looks as if its correcting big time, everyone is getting a feel for how strongly MARS will emerge I think
been a great day, price rose alot faster than I thought, would have expected this more towards March time
Now up to about 80p. It has been a great rise since my last purchase at about 29p back in May.
Hopefully a lot further to go once Covid 19 gets under control.
fairdealer
That was indeed what we concluded after the relevant announcement, so for RF to suggest that all in the (marston's beer) garden is rosy could be viewed as a little disingenuous ?
If so this will come back to haunt him, but it could also indicate the type of pressure that he is under, neither options are ideal, to be fair.
There is, of course, the issue of how much the final brewery payment will be which is firmly geared to performance, I recall ?
Carlsberg did not get to where they now are by being philanthropists.
So BP it must be, imo
Now that its broken 77p I think it could go back briefly to a decent pre-covid level of 90p very soon...
Hopefully the shorters won't come and ruin this rise
Is anyone experiencing problems with posts disapearing and or being duplicated?
oxygen that is correct. HSBC have undertaken to allow waivers until April and have made it clear NO further waivers will be considered. They (HSBC) have agreed to transfer Loans to BNP Paribas in Q4. The terms BNP have agreed in taking over loans are very rigid ( there will be No Waivers).
It is possible as trading conditions are outside of the company, an RI may be forced by lenders.
BP and all that.
AIMO
?
For me the only real niggle here are securitisation Bondholders who’ve only given waivers through to April 2021. Let’s hope MARS can get their ongoing support without pain ! Until I see clarity on that I’ll wait on the sideline.
I also think that too Fairdealer.
Snippet: "As a consequence of our having significant liquidity in our financing arrangements, the absence of any near-term refinancing requirements, and in the expectation that the outlook for the second half-year is much more positive, we remain confident in our ability to navigate the current difficult environment."
That to me screams out that they're distancing themselves away from any RI which may bring much relief. However they still have a 12-16m monthly burn albiet 50% less than M&B that is still some considerable ongoing burn. This week the SP has held strong. Having totally lost my way in knowing what the actually day is I bid everyone a good 8th day of the New Year.
Predictions on the impact on SP?
Is the RNS a quick response to MAB's proposed fund raise, and too pacify the market??