Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Have a look at the small print in the Carlsberg release, and nothing yet official on the Marstons web?
Is Boris talking on Monday? Maybe Fairtrader, Barchild and YoYoma are right to be cautious?
Read the interims when they came out and they said the cash will be used to reduce net debts. . (Net debts £1,379 million, lease liabilities of £295mil. )
The cash will help strengthen the balance sheet a little but not sure much will stay in the coffers For long?
I’m trying to work out the Jv split and how it effects revenues. Does anyone have any calcs on that and cost savings.
Mcap £330mil atm.
Highs 50s or maybe even 60s Monday.
This cash windfall is monster for MARS.
Wow the batman now takes on the riddler and has to spell it out. No doubt he has been having too many sherbets after his early morning bus ride and flu jab at Asda.
However on thinking about it he may be right perhaps is is now time for me to sell and concentrate on my Gold miners. No official release yet on the Marstons official web and Carlsberg has said a lot of hoops still to go through. Perhaps Yoyoma you are right it is time to revisit this one after the govt. have had their day on closing the pubs. I still maintain however that the online sales will be good and so I wish you all well if we continue to go up today. I may return here later. Been fun!
For the record here is the Carlsberg site comments in the deal for those who like conversation :-
https://www.carlsberggroup.com/newsroom/approval-of-carlsberg-marston-s-brewing-company/
fairdealer
As we are well aware, home delivery has 2 snags for a company that will soon be taking 40% from the breweries and hoping for profits from 1300 or so pubs, the first should be obvious to Omaha pensioners, ie Amazon might disrupt the pubs & the second is you can not plug the brand new Tesla into the charger in the supermarket car park for everyone to admire. Other than that your mention of C Reeve did make me smile.
Fiona_cartwright says added bonus to be announced with Q3, as a Carlsberg insider maybe sh means a sweetener being added to the deal due to lockdown/pub difficult times.
Trent let's say Christopher Reeve and Warren Buffet have nothing to fear from the Penguin who skates on thinner and thinner ice!!! That's a riddle Trent, hope you work it out.
Back to business, it now seems, according to our resident Sage, Marston's Pubs are going to be redundant with all the Home Deliveries.
Headlines now coming all over the place :-
https://www.thecaterer.com/news/marstons-carlsberg-merger-cma-clearance
I would not worry about discount cars when Fd & BC will have made so much money on their shareholdings they said they held. As we said yesterday freely available from all the major supermarkets, online (one can even order from the factory) and for me Amazon. As FD said yesterday he would prefer Asda (he must have known he could also have a flu jab for free). Results soon from Marstons which will I am sure show how in fact deliveries from the factory have increased home sales and that is where the growth is at the moment (as Carlsberg as aware) rather than competitors who rely only on the pubs.
Yoyo, no, I did not see that. I'd I would have waited.
Fairdealer, Who'd think that lol.
nm
by @baroninvestment on twitter
#MARS expected to trade mid single digit P/E in 2021, double digit free cash yield. Post transaction NAV should increase to £1.40-£1.50 base. Meanwhile £239m incoming
Massive winfall of £239m coming in end of OCTOBER
They get Mars FOR FREE, PLUS DEBT
For those interested very encouraging report in pro investor online. Looks like substantial cost savings for both Companies with the JV will help the value of the Company too. Link below :-
https://www.proactiveinvestors.co.uk/companies/news/931085/marston-s-carlsberg-joint-venture-cleared-by-uk-authorities-931085.html
Reckon highs 50s maybe 60p Monday.
Agree chaps a long way to go but a definite long term buy here now and not surprised that the CMA have agreed. As I said yesterday Peel Hunt pre JV -95p, my guestimate 73p to start, and as my old Japanese client who did very well from me once said - "good news quite often comes after a long sleep."
Some of here must be totally confused as yesterday they were saying shares were being sold and yet today they have said yesterday they were being bought?
The Life insurers who are the main shareholders here must be pleased and I am sure they will now be drawing this share across to their growth funds so we should in time now get a longer term steady stream of funds coming in day to day.
I suspect once the other side of the pond wake up and the shorters on short tracker come in (although to be fair they only hold a minimal value anyway) and what with the suggestion the govt. is to add stimuli to the hospitality sector we may still meet my first target of being 73p, and longer term we should now make the most of other businesses failing to take more of the sector sales. Although I do understand from the Marstons web site that online and home sales have been the growth storey anyway. Good luck to those who like me have waited. We should rise up quite fast from here.
I will enjoy a nice pint of Pedigree later.
Anybody else looking forward to the close and next week? :)
Is this JV legally binding at this stage or is there a chance Carlsberg could still pull out before the transaction is done at the end of the month?
after the drop from
Odyn
A bit of profit taking from low level purchases maybe taking place at the moment.
You need to consider how long to hold off for after the 52 to the current level of 47.7p.
To be perfectly honest, I want it to go down. Because I'm poised to smack that buy button and grab some more. For whatever reason the market isn't responding yet, but it will. This share, even before the JV, is massively undervalued. When it rebounds, and it will, easy money. Plus they give a pretty decent dividend as well.
after todays good rise in share price, to get up to the level of 75p that it reached in early June, a couple of weeks after the JV was announced.
I would have thought that things look better now than then.
Papers will be covering this all over the weekend, next week gap and go into the 50s. hold tight
Will ride it into the end of the month, might be a few ups and downs inbetween - but feels like it could make the printer go brrrrrrrrrrrrrrrrrrrrrrrrr.