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@Daave - 10th Dec I believe from the RNS posted.
When is the end of year result due for Marstons? Hospitality SP are up across the range - I don’t think many people realise how bad this Christmas is going to be!
I think that's the fairest way. sort out the most vulnerable people first, then the more able bodied.
The vaccine will be given to NHS staff to begin, Care-home staff, then Carehome Residents , elderly and vulnerable people etc.
Daave is correct it will be next year before the main population are vaccinated. According to Matt Han**** the aim being to have everyone vaccinated by Easter. The Pfizer vaccine involves 2 doses, 3 weeks apart. The Vaccine must be store at minus 70c.
Just need the government to have some sort of plan for distribution! I’ll still be next year by the time anyone gets this
For use in UK from next week.
I ve a small holding 1500 £, I like the brand the future and Carlsberg. im new to late rns, is there not rules to when these should be issued! I would have thought the markets would be regulated so they had to be rns between certain times, this would make more sence to the marketplace. If ive missed something please tell me as a loss on a share is possible every day!
Barchid,
Seem the flexibilty Marstons have enjoyed under the current Loan agreements with HSBC will be removed. Once the pandemic is over the BOD will need to be on their metal as BNP will expect payments to terms. This arrangement puts the restitution of dividends back and certainly not back to levels we enjoyed previously. Depending how trading recovers, building reserves would seem to be essential.
AIMO
Fairdealer
I have just re read that rns & I suspect you are correct.
Interesting days ahead I guess ?
98% of pubs are in areas in tier 2 and tier 3
Tier 3 is closed and able to operate as a food takeaway, drinks too but only preordered and prepaid by phone/online
Tier 2 pubs can open but you can only have a drink while you eat a meal and leave afterwards
Pubs are not included in the 5 day Christmas ‘break’ - you will not be able to go unless the pub is in tier 2 and you live with all of the people who go with you
Pubs have to stop serving at 10pm and everyone out by 11pm
New Year’s Eve is cancelled.
Pubs are finding it really difficult to work out how to open profitably under the current regulations.
Positives though:
Although the Small grants won’t do much, they are at least something.
Furlough has been extended
Self employed earnings grants have been made more generous.
As I understand it BNP take over the loans with NO provision as current, for Marston's to have any right to request Waivers, they have done so twice this year. The Interest chargeable by BNP is to be agreed by 31st December 2021. If agreement is not reached there are provision for FCA or an equivalent body to mediate.
That is my interpretation, would welcome any other's thoughts on what is a wordy document.
One thing that does concern me is parliaments decision today... will a tier system mean a decrease or increase in SP?
Couldn't quite get my head around it, I had to look for the terms and did notice on the RNS it states Mars are not permitted to make changes, requests waivers etc and already has agreed by letter to the changes.
Not sure how deep this goes into the asking of the waivers delay a few weeks back but to me it seems a shift in noteholders.
This is the 3rd RNS LSE board has missed and luckily I rely on Trustnet for my other RNS feeds otherwise it'd be missed.
Anyone shed any light on the RNS ?
A great spot, thanks.
Does this mean that HSBC have bailed out and BNP have stepped in on the old terms ?
Late closing RNS
https://www2.trustnet.com/Investments/Article.aspx?id=202011301700289998G
Property valuation will be interesting. Using M&B as a yardstick a decrease of £170m can be expected.
Peel Hunt have a vested interest. I take house brokers advice with a pinch of salt.
YoYoMa
Very succinct summary, I did see today that Peel Hunt are tipping 3 stocks to double, one of which is MARS.
But as they have corporate interests involved....?
Good summary YoYoMa imho. I don't normaly momentum trade but i did here...
Out now because i got too nervous about lack of trading over xmas with the annoucement of the new tiers and rules.
Still, it's holding up better than i thought in the low 60's. I'm definately keeping a close watch and looking to get back in, but like you say, waiting for results and prob not till next year...
It will rise for sure however we have to remember we still have the End of Year results (10th Dec) to digest and that will be very painful indeed. The asset of the pub value is key and also their intention to rid debt plan is also a key topic. I think it will dip to mid-late 50's on the news but recover slightly leading up to the 16th Dec when the PM throws more chicken bone ideas on tier systems. Until the UK deploy a worthy strategy for recovery this will not progress till then.
Key areas for me:
Noteholder Consent Request Due this week - decision
Announcement of Decision via RNS and statement
10th Dec Year figures and value losses.
On a brighter note the Simply Wall St did do a good review of Marstons stating they're 40% below value.
https://simplywall.st/stocks/gb/consumer-services/lse-mars/marstons-shares/news/is-there-an-opportunity-with-marstons-plcs-lonmars-40-underv
Put this on the back burner till 2021 IMO.
Does anyone think this will soar when vaccine is approved?
68.5p - thats why you wont see 80p
Pubs cant make profits with SD rules in place - Lockdown isnt over, and likely continue in NY
Ill pick up decent amount at 55p - but keep day-trading between 65/73
GLA
This wont unnecessarily help if regions go into level 3 and pubs can not open. Still not a full reopen for us just yet.
We will have plenty of customers wanting to spend money however as we can go not allow so many in . I.e 30% capacity . It makes it impossible to create sufficient revenue to pay wages and make profit
Can see a numbers of problems, if as you suspect the Company will go Contractual, would you not be covered by Distancing Rules, which alone could make opening un-viable? Playing Devil's Advocate, how would you operate assuming tables are pre-booked, you order provisions to meet orders and then Christmas Eve you have cancellations, do you take the risk and open whatever.
This may seem pernickety but many Landlords will be wrestling with the issue of shall I open or not..
We would normally open 11 till 3ish yes , normally staffing isn’t an issue however in my case they don’t benefit from working, quite the contrary . It is infact their view that they run the risk of contracting covid from allowing large groups from varying households to gather. I have to agree with them. Unfortunately I feel the plc will start quoting contractual responsibilities and probably breach me and kick me out. We will wait and see