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This is excellent news, just what these sectors needed.
I'm off to the pub see you guys later !
Auction? ;)
Free food vouchers too - be better if they just said it was never really that dangerous, but free money will do I suppose.
VAT cut from 20% to 5% for 6 months
Nice one Rishi !
If you are prepared to be patient this is a multibagger....people still drink bottled beer...I find the jv/merger compelling...beer is not going away
free pints 2 NHS staff :-))
12.30pm mini budget - hopefully get some decent news for the pub sector
Sentiment has blinded many investors, reality is beginning to emerge.
Markets always look forward. At this time there is so much uncertainty generally the only people making money are Traders, if they are lucky.
Rising nicely into the afternoon. Had another top up this morning at 48p.
Looks like some nice modest buys coming in.
I'm just looking forward to the £780 Million merger valuation and this becomes 80p!
MM now placing buy trades... yes, this is a depressed sector but I get browned off with these
shenanigans. Henderson needs to f.o. and short cover before greed gets the better of them. They've done well...
I agree. Genuinely cant see how these numbers are being hit right now.
Pubs shut = increase to near 70p.
Pubs open = Drop to 47p.
Whats going on behind the scenes?
Recent drops do seem excessive to me, but we are in an increasingly bearish market and still well up on March lows of approximately 20p.
The last three days have Ben red,red,red on my entire portfolio. I think the whole markets have been hit.
Hoping for a change in sentiment soon
Something not right here. The Carlsberg deal did happen? !!!! or am I dreaming it. Are we in lockdown countrywide again? 48p seems weird.
This rose from 30p to 66p in a day, surely there is a lot of profit taking going on? Given such a rise in short space its usually typical for the MM's to try and fill the gap.
This will bounce back hard I feel as starting to show on a lot of peoples radar again.
In 6 months time 45-50p will be a steal.
GLA
The whole sector is down, clearly the touted VAT reduction is having little or no effect on the hospitality sector which whether investors like it or not is facing considerable head winds. Whitbread stated yesterday having raised £1billion in a Rights issue, sales income will be low for a considerable time., and they are well placed to weather the predicted storm.
Unless a miracle occurs we are going to remain in this territory for some time.
I have a feeling this is already discounted unfortunately. Hospitality shares won't improve now until there's evidence of decent business being done in my opinion. It's just a patience game.
It's not only Marstons, it's Whitbread, Mitchell & Butler, Cineworld, in fact any share in the hospitality sector. It's nothing to do with Marstons at all.
Henderson has shorted more than 2% of this stock - that's more than 13m shares - since last Autumn from more than £1 and MMs may be supporting this institutional client . As you say, it's probably being walked down. I have noticed the constant attrition here since Johnson confirmed the pubs were being allowed to reopen. In these circumstances it has been best not to hold overnight, given the added risk of the main market falling on Covid worries, especially in the US. So my average here has gone down but the MMs appear still to be at it. This tries the patience of holders but the risk to the upside is growing and sellers need to be ever more vigilant.
this is getting very interesting to me, looks like it's being walked down
i did'nt expect to see below 50p again
i'm back in if this fall below 44 (my lucky number after Hamilton won me a few quid)
GL all
Look at the string of MM sells of one share each, all timed at 09:03:07. They're trashing this share... but why? It's way oversold imo.
VAT CUT TO HELP THE HOSPITALITY SECTOR
If Marstons Shares could NOT go down by 5% every day.. that would be nice..
Fair point Barchid although do wonder if the "registration" process is being followed religously. One wonders if the social disregarders care.