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Just in case I don't get round to saying it tomorrow.
Marstons are replacing full barrels of keg and cask products if they go out of date during the lockdowns.. which is nice of them!
I don’t have any Estrella but I’m sure many many pubs will have some to exchange!
Daave. Look on the bright side, at least we can save water by flushing the toilets with the £6m Estrella stockpile.
Dave
Thanks, I never thought anyone would ever use bog rolls as an example of buying power, even on this board, first time I read it I thought it was a joke, but sadly the joke was in her reply !
Toilet roll? Really?
So Marstons sold 200 pubs in the last 18 months, then buy 200 pubs from somewhere else..
And people think they will use these ‘additional pubs’ to demand a discount on stock?
Do you reckon those suppliers/companies upped their prices when the volume went down in February 2020 on completion of the sale of the 200 pubs that went to admiral taverns/Hawthorn leisure?
The additional buying power would be marginal at best and wiped out ten times over by the legal fees involved in incorporating the venues!
Not to mention that they are probably tenanted pubs which probably don’t use Marstons suppliers!
Barchild, oh okay, well glad I could give some insight, helps to see what business are doing to improve bottom line (pun not intended)
Clairesmith
Wow, I never would have thought of that.....
@barchild, basic economics, if the Marstons group can buy alot of products cheaper through leverage of bulk deals across their total estate they reduces costs and increase profits. Simple.
Good luck all, and happy 2021
Fairdealer
Agreed. I thought (& hoped) that RF was going to concentrate on upscaling his own premises now he is no longer in charge of a brewery.
Sadly not to be, apparently he prefers to take on a Welsh challenge rather than just getting on with his day job.
YoYoMa
Looks like another chicken pellets day to me, the ultimate HNY for us all could be to have Tesla man turn up with his words of non wisdom ?
Clairesmith
Most impressed to read that Mars will now be able to buy their toilet roll cheaper, they could save so much on that we could see the dividend restored in 2021 (not).
@hads1991, I was having a joke with you. I'm sure the price will spring up and down a bit until April 2021, from which point looking at everything and C19 vaccine roll out we will be in a clearer upwards trajectory.
I got spooked by Han**** on this morning. Seemed hesitant about the spring... words were may be able to ease some of the restrictions. That is not all! Be interesting.
Yes useful mate cheers.
Opinions Claire. You have yours. I have mine. At the end of the day I could buy back in now and would be in same situation. Will go down a bit before it goes back up a lot.
Thanks Hads1991 for giving the cheap shares back into the market to support new sales.
When the announcement was made on T4 for the S.East of England it dipped to 63 but recovered so fast you would have to be by a PC to catch that dip. IMO I think it will hold into the 70's now as we leave 2020. With mass vaccination being deployed already and the enhancement of the AZn/Ox vaccine from the 4th onwards the markets are already past this phase and looking into Q2/Q3 already. I look at at it like this, we're the first to approve already so we're going to be ahead of deployment over Europe due to localized dispatch, numbers of population and we're using the military logistics to free up vital resources. Using the link you can roughly guess where you vaccination date will be:
https://www.omnicalculator.com/health/vaccine-queue-uk
Hope this is useful.
Claire... have you researched the Co's history on aquisitions and disposals? Charles Wells, Pitcher and Piano, sale to Admiral at huge discount. Have concerns the due diligence has been undertaken superficially. Time will tell.
We are not given any information regarding where Brain's Brewery sits in all of this! Are we to believe the Brewery is being mothballed? Very very doubtful, there is bound to be a supply agreement, remember Marstons are only managing the Pub estate. It is the brewery where money is made. Why are'nt Marstons managing the Brewery as part of the deal?
Had hoped after the Carlsberg deal we were going to concentrate on our own estate reaching a level of excellence proposed.
The annual report emphasised a less than adequate level of Senior Management expertise.
Are we thinking a drop when more tier 4 announced? I'm thinking back to around 65/70.
Just sold my 8.2k stake and hope for a retrace. Cant see heading any further up considering no good news for next month or so.
A great thing about the UK is the furlough scheme has ensured Brits have money still, not like the US where most citizens have been put into massive debt.
Do when people do go back to work they will have cash they can spend in the pub. UK gov will welcome this as the money being pumped back into entertainment will save that sector and jobs plus be taxable to get money into the HMRC pockets.
Must’ve missed the bit where they are adding a tier, and the press rumours of tiers being changed and everyone going up one?
and all those on Furlough will be back too work???
Yippee perhaps these boards can then resume normal service? One can but hope!!
cookoo12620 you are worried about a small detail, I'm sure Marston's have done their due diligence and have a safe strategy in place to cover any costs, otherwise why would they do this deal/project.
Look at from a good point of view, they have expanded their foot print and more streams of revenue to come their way over 2021 and beyond. Second to that with the extra pubs they have leverage even better mass discount on things like toilet roll and insurance so as a group will make more profit.
This is relatively safe share with a strong future, as Brits like to drink, international travel for a couple more years will be limited/expensive. Marstons are leaving 2020 in a strong potential position.
Back to normal in Q1!!.
What are you sniffing?
yoyo perhaps your right i may need to do more research ,but no one is answering questions when asked , so again as i said "be careful " i may have a crick in my neck but i havent got rose tinted glasses on , i also reserve the right to say i told you so , good luck to all on paper this has merit but it has got to be paid for . keep safe
Oxford vaccine approval.
Vaccinations from Monday.
Will get UK back to normal in Q1.
Barchid,
Thanks , Seasons greetings to you and yours and everyone.
Have been mulling over the Brain's deal. We will be managing their Pub estate, which I trust our BOD have commissioned a full survey as it seems some of the Pubs are below Marstons standards.
Trent makes some valid points regarding costs which appear rather vague. Clearly Brains have hit the buffers and Marstons have come to the rescue. If as stated Brains Pubs have only 200 beds, this is miniscule , are we to invest in convertions? Cannot see Brains as Freeholders funding any capital works, so does the Management Contract contain undertakings to cover any enhancements to the Pubs?
Until we know more of the detail, the Jury is out.
AIMO