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Hardly Marstons related, but entertaining all the same.
Lets get the sales figures for the last qtr through and then see where we are and if my choice of buying and even topping up Marstons has been a good idea.
Why is this? Shell like everyone else can only survive if they find an alternative to the natural resources that no one wants anymore. The price of oil should tell anyone with an ounce of intelligence this. Shell are very late to the Renewables market and their windmills should stick to producing grain. In ten years time we will all most likely be driving electric cars and no one will need Shell and they know it.
For Marstons I have a feeling everyone still be drinking beer - and the entry point for many will bring results. Nothing like your energy Companies at all.
@fairdealer
I am sure you are delighted to have received this months complimentary tax advice from the MARS board's personal IFA ?
Most people who were attracted to Mars pre-covid probably had 2 reasons to buy, a good yield and a potential take over target.
People who looked for the former could thus be assumed to likely hold it in their ISA or SIPP. Oddly enough our boards IFA appears to have overlooked that rather obvious fact !
Given the speculation this weekend of CGT being increased to taxpayers top income tax rate buying purely for capital gain will not be nearly so attractive as it is at present.
I have traded MARS quite happily for about 6 years in and out, in my SIPP and it was largely due to an unwelcome tax bill due in January that I sold the bulk of mine and took the cash out through drawdown to pay HMRC so that I now have just a token holding. I wasn't clever, I was just lucky, but I'm still following this plc in hope but am happy to sit & wait to see how the uncertainties pan out, and that is a subjective judgement which we will all have different views on. I would be happy to buy them again higher up once the fog has cleared, certainly not on the advice of someone who wasn't aware of the size of their pub estate !
That gobbledy goop statement just illustrates how little the spoilt Godchild knows.. Knows little or nothing about the UK Tax regime.......get another Accountant Supercharger..
Are you a Greenie as the need for energy will always be needed. Did you realise Shell are moving massively into renewables? NO is the answer.
Advocating buying at the bottom in some stocks that have an uncertain future against one that is World Class only comfirms a complete lack of knowledge.....clueless.
Concentrate on the numbers which are very important for intelligent investors.
& what an expert he turns out to be in that if you pay 50% tax on earnings you loose half to the govt straight away based on income which is why most people I know call it with excess supply of oil and gas "ROYAL DITCH SELL" - end of Sept last yr they were 24GBP a share now falling fast and down to £10 shortly to fall further. You were right the first time let him continue to support his own energy which is lost on me. I'd rather go for capital growth and not income and loss of Capital.
So in your expert opinion Supercharge, Norseman Gold would be a better investment than Royal Dutch Shell who are paying a dividend of 12.5% ?
Concentrate on the maths which needs considerable improvement, followers may then take notice of your posts.
He only appears strangely when the Marstons share price rises and we have had that for the past three or four days so he has to try and pull the price down. Just ignore him -not worth your time. He invests in the Oil and energy industries at the moment - who would do that when most have moved out into the precious metals market and have made a fortune. Certainly not worth mine. I can see us getting off to a good start next week as the no. of deaths from Covid in the Uk reduced to just one poor old person yesterday and the avge for the past week was only ten. So in a Country of over 60 Million the no. now is insignificant and clearly the pubs re-opening has certainly not caused additional concerns. In fact I wonder if Beer helps reduce the virus?
@ sandyman
Who’s ‘telling porkies’
Was that aimed at me?
The official web site gives you an update. Worth keeping an eye on.
See link :-
https://www.marstons.co.uk/docs/financials/2020/Transaction-Update-20200723.pdf
good luck with that Scambler!
Rampers/deramper need not appy!
Hi Guys,
Can i ask for a very short overview. I know im a lazy investor. I have been in mars before just before jv announcement. Done well, only luck i may add! I like this share probably becuse i like the beer!,
Thoughts on the competition enquiry?
Any help appreciated
Cheers
More mumbo jumbo from Triumph.
Short on facts, inability to answer elementary questions, long on Trumpian style nonsense. and NO ideas, just pure vitriol .
The character has serious challenges.
K-J -Interesting - thanks for the tip off I will look into. I see they have some major first tier investment behind them too.
Sandyman - I am not into Porkie Scratchings - believe what you like.
GLA.
Stop telling porkies!!
I'm also invested in ODX who are finalising what they claim to be gold standard and 99.4% accurate antibody personal use 20 minute tests and finalising development of rapid antigen saliva tests. These will help with managing Covid, getting the economy going but importantly for Marstons, filling up our pubs and restaurants very soon.
Appears close relationships being formed with Govt into Covid testing and state of the art safe business facilities.
Interesting link to latest Marstons news hopefully will help with ongoing relationships and govt. support.
https://www.expressandstar.com/news/health/coronavirus-covid19/2020/08/29/pilot-testing-programme-hailed-success/
K-Jim, always willing to share a pint!! However if all goes to plan we may even be able to share a Bottle of something a little but more fizzy!! Fingers crossed and Ice bucket ready and waiting!! Good weekend and most importantly good health to one and all.
Daave, are you still running a pub. I'd love to share a pint with you when the price recovers. Happy to buy Super, Triumph, FD and BC a conciliatory round. Tone it down lads or you'll all be barred!
Very sound comments chaps -thanks for the support. The market obviously agrees with your and my own sentiments as I see the shorters reduced further on 27th and their own debt is now only 2.03% which shows they have turned long and bought into safety. i.e even they now see improvement and do not want to be caught cold when the next set of announcements come out. I have a feeling that this serving will not be so cloudy and many will be surprised with the result.
Those cheeky brokers eh fairdealer. Raising the price to get a placing done again lolololol.
I wouldnt bother here supercharger, this poster was given a royal hiding on our last spat to come back with barely legible insults and general waffle I didnt even bother dignifying a response to, whilst not once addressing further questioning about motives here and previous comments made. They say you reach someones mental capaity limits when they no longer directly respond to questioning and reply with vague, general, nonsensical insults. I hit this posters mental limit in two comments which i think was a personal record. Then again, it was obvious we werent dealing with a mensa member given the poor analytical skills that was easy to shred to pieces.
Nil pwa credibility, not very smart and a confirmed by default disgruntled armchair troll. Probably best to take this one with a pinch of salt. Better still, disregard entirely.
Of course, i'd be happy for you to redeem yourself fairdealer and earn a sliver of respectibility back by you acknowledging your poor analytical skills and apologising to us all here for your overzealous trolling whilst MARS was bouncing off its low ;). Or provide you with a second opportunity to redeem yourself and explain your poor commenting and your true motives here?
More chance of hell freezing over.
Before covid, Marstons we’re trying to find 200 million to pay off a debt that needed to be paid by the (beginning I think) of 2022,
They aimed to meet this deadline by:
Selling circa 170 ‘disposal list’ pub sites
Their average yearly profit was around £75 million
They had worked out that the disposal pubs plus the profits between the two dates would make them easily able to satisfy that deadline.
As Covid broke out they arranged a £70 million deferral or flexibility in the finance, leaving them in a position where they needed to use the money from the sale and half of the money originally expected from earnings.
They own EIGHT breweries across the country, their logistics firm and around 1400 pub sites, they have plenty of options to arrange to pay whatever deficit there is on the deadline.
Plus, with Carlsberg sniffing around With more than enough funds to both pay off Marstons debt completely AND outright buy the entire firm, I would not be too worried about Marstons finances!
When the pub I run was owned by Marstons I was on a contract that is a simple ‘low cost’ entry as a tenant but on paper sounds a lot like a management position, you pay a fixed amount as a security bond to enter the agreement and have a long list of ‘rules’ to follow, basically Marstons pay the rent, gas, electric, some operational costs and they buy the stock for the bar, you pay for staff, business rates, a few bills and if you want to run a kitchen you pay those costs too, in the arrangement the tenant receives 30% of the takings from any wet sales,
We moved from that deal to a standard tenancy on completion of the sale from Marstons to Admiral, I have worked in venues on a multitude of different contracts and have many friends and old co-workers from over the years who are involved in the pub/hospitality trade at all levels,
Any recent conversations I’ve had with anyone working with Marstons or running Marstons tenancy or share-agreements have been positive, the ‘eat out scheme’ has brought a lot of foot fall to most venues
Also, one MASSIVE benefit for Marstons is that the ‘retail’ and ‘foundation’ agreements are all pubs that DO NOT pay them any rent for the buildings, so those pubs have not accrued a debt of rent to Marstons and are all reasonably viable businesses even during covid, most of the pub companies have charged rent to all tenants the whole way through Covid lockdown and this is a mega strain on the finances of these venues and honestly could result in a large percentage of the pub sector to just give up and close their businesses, in the medium to long term, this won’t affect us at shareholder level because the businesses will get a spring clean and be offered to new tenants.
All in all, marstons have a varied selection of contracts in their pubs and I would (with no figures or solid information -simply using my knowledge and background in the sector) confidently say that Marstons are in a strong position because their Managed and Semi-Managed outlets will prop up the leased and tenanted section and enable the whole estate to limp through Covid reopening restrictions,
Most of the other pub companies use a 3rd party logistics and brewing companies to stock their outlets, as marstons use their own fleet (although obviously that has overheads of its own) they continue to supply their own manufactured product to their own pubs, thus continually moving their brewery stock and bringing cash in the tills with less middlemen to pay inbetween.
I’m probably just rambling on now! I suppose that could be classed as an introduction..
I’m currently sat on 500 Marstons shares to retain my discount card! I was up to over 50,000 Marstons shares a few weeks ago but I’ve taken the risk of moving the funds to another area for a few weeks! Hopefully I don’t miss the quite obvious double-up that will inevitably come here!
Anyone who quite deliberately inflates a company's assets by more than 40% and ignores fundamentals , should come with a wealth warning.
If the company is to make the progress planned by RF, for it's residual core business ( unimportant to some it would seem) , additional funding will be required. Funding, some of us have been suggesting for sometime, the receipt from Carlsberg will not be sufficient.....the Company appear to be planning some form of additional funding as others within the sector have done. IMO additional funding is necessary to give the Company a runway necessary to achieve it's objectives for the Pub and Accommodation business, and strengthen the balance sheet.
I can only assume the negative waves we have here on the web-site are to try and pull the share price down lower for a new lower re-entry point.
I am interested only in looking forward to the next sales figures which will be significantly improved in my opinion. It is interesting that when the share price for Marstons is increasing at respectable rate or recovery we are met with this negativity where long term shareholders should be happy. This Company is one of my top picks for investment return on price. If anyone is unhappy then they can sell their shares and move on I am here to stay. Good luck whatever your decision we are in a free Country with free choice which is why I always try and support our Beers although in my local supermarkets Marstons Beer sells quite often faster than we can get it in the trolley. Happy days!!