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You would think this would be going up now, pubs here in Wales are bouncing. even the carparks are full and inside drinking allowed from today. Its bound to reverse very soon.
There you go. Pubs and restaurants are now being priced to close again. God help the UK if they choose to. The sector is one of the biggest employers. Many of the UKs small businesses are pubs and restaurants and they would not survive another lockdown. This would send shockwaves through the economy.
I really cannot see this happening now they have gone all in to help restaurants this august. Things would have to get seriously bad to go back to lockdown of pubs and restaurants.
I think that is a possibility and not too long. At 10 per cent per day it wont take long. Only got a small amount here and will add at some stage.
IMO they will won't close pubs, restaurants again it would cost the Government billions and un-employment would sky rocket and the whole sector would disappear, there was only 8 reported deaths of COVID yesterday according to the stats which is very low.
JV will go ahead 100% because the Government cannot be seen to be doing anything that prevents a company surviving and getting stronger.
The only concern is that even after the JV is approved, the SP cannot surge to 60p or even 70p because it will continue to be weighed down by the threat of a further closure of pubs.
Would suggest 60p + is possible on any given day with some good news. One has to bear in mind the recent jump from 30p to 75p + on JV news before claiming this as an impossibility. Personally I don’t agree with the 20p figures being thrown about but each to their own. The delay is due to CAMRA and from what I’ve seen posted, if I was a CAMRA employee I’d be loading up right now if I suspected the JV will go ahead. At the end of the day... there’s money to be made and it isn’t all black and white.
The question I would ask myself is whar would the SP be if there had never been a coronavirus outbreak. I would suggest no more than 80p, that is based on the profits and high debt.
The company now is stronger with the debt reduction programme, but with the lockdown only recently ended sales are weak and will for a long time. expect a poor Christmas. If there is a vaccine that offers even 3 months protection next year, that will signal the beginning of the end of Coronavirus. Thankfully for you stockmarkets are forward thinking and the SP could hit 60p because some 12-18 months later Marstons could be a strong company. The only concern is the short term likelyhood of the SP crashing to 20p.
Afternoon All,
Any ideas when I can expect to get my 60p back as only came in for a short term trade lol
I'm more concerned about the delay to the JV to be honest.
Don't think the market ever expected covid to magically disappear in the summer
Agree completely. Even back at the start there were no strict guidelines for people to follow. The sooner they get a handle on that the sooner everything can return back to normal. Means to end job...
IMO The Government just need to get stricter on those flouting the rules, I have just been in ASDA and seen quite a few people walking around with no masks and touching everything so its these individuals who are the problem.
I'm invested quite a lot in MARS so i'm holding for a good couple of months, maybe years but I think they will survive regardless .
Personally i don’t see how having either schools or another activity open changes anything. The government need to strip it back to basics and focus on stopping the spread. I’m more likely to catch Covid via my daughter being at school as to what I am my daughters teacher drinking at her local pub, going to the gym or socialising with her family and friends or vice versa.
We either need barriers in place to prevent this or just remove the goddamn bridge. Closing one activity for another has to be the most unscientific solution that could have been presented ha
Pitterpatter very true.. My very simplistic view, protect the vulnerable and pay them to stay at home and let the rest of us get on with it! As HRH Prince Charles said he's had worse hang overs!
The worlds mental and financial health will be a bigger problem than the virus. Unless of course the government knows something regarding its source, ie manufactured chemical weapon, then this crazy response might make sense.
Title shares same mentality as the tards. If that minority were self isolating sensibly on any sign of illness or in general taking reasonable precaution rather than following such titles/mentality this would all be behind us already. The world we live in ehh...
*technique
Lets be realistic. August should be as good as it gets for pubs/restaurants in the current environment with the government scheme, people staying in the UK and weather starting to heat up (hope it stays this way!)
Yes pubs could close, anything could happen, but i cant see the governement encouraging people to get out them taking a big u turn. If they do, no doubt support will be in place as the hospitality sector is to valuable for the government to sit back and let fail
Interesting trade technic
Not convinced a govt would drive it’s economy into the ground as that costs lives too in terms of a broke NHS etc
before the sp continues its downtrend to eventual new lows and possibly leading to total collapse...
https://www.bbc.co.uk/news/uk-53621613
So far, a sage scientist was asked if locking down the pubs again was a possibility, and he said it was a possibility. Everything is a possibility! and he is obviously reluctant to rule anything out.
Another lockdown would put more pressure on independents rather than MARS, does make for a more volatile ride but the long term favours them. How long is long term? That’s an issue for many.
@barnet
I read that too but in reality I find it hard to believe the govt could be that stupid to close pubs just after reopening them, despite what they did to weddings yesterday?
Nevertheless, believe it or not a lot of people will read this and think "why rush into these at present", so the damage has been done.
Pubs to close again is the headline in the press. Many pubs will go bust in that situation. So expect mars to fall to 35p last week. Only got a small position in here myself but hope this can survive
Have a feeling the fall today was due to the extended lock down on larger weddings numbers (over 30), and high numbers meeting for another two weeks? However one pub reporting on the news tonight said they had seen increased recent trades and were already back up to 60% of revenues compared to the same period last year so what with many now holidaying in the Uk this year the numbers may well catch up in a month or two if the pubs can stay open and the govt scheme for eating works for mid week trade. All is not yet lost in my opinion.
Suffocating in a mask in Tesco today and listening to the depressing news about UK lock downs and increasing global cases I started to wonder if the entire pub industry would still be in business at Christmas.
I'm off to the Winchester till this all blows over. I don't think this one will recover for another 12 months, but it will. Rapid in home testing will be available in the next month or two that will help control the virus and restart the economy . Look out for the UK RTC announcement next week. Time for a Tetley's I think, gla
Why the 8% drop today to 40p?