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Yeh rite god knows where this price is going may be back to the 30s
Eu Authorises Remdesivir as a treatment. Should bring some confidence back into this reopening sector.
ruman
"hope weather is good", if you look at the met office forecast for this weekend the drinkers in the garden/car park will need their macs on !!!
Perhaps someone should consider a switch from Marstons to Sta-dry if their forecast is accurate.....
Anyone know when the next financial statement for marstons is due?
Anyone with L2 see incoming trades? Lots of buying today.
Went to a pub last weekend. They were selling takeaway beers but they had a pub garden set up on farmland out back. It was absolutely rammed. The pubs WILL be packed this weekend. No doubt. Marstons used to be a client of mine and they have a good set up and a lot of loyal customers. This is going to rip north on Monday regardless of what happens today.
Let’s hope a bumper weekend - people will be gasping for drink and push this back up 75p plus
Directors buying in is a great sign too
Lets hope so , fingers crossed this SP should retrace to 75-80 and then push on ? Saturday is so important for MARS and all other pubs. Hope the weather is Good , i can see those Beer Gardens being busy. GLA
It’s the anticipation of a second wave and pubs not generating a decent profit. Make no mistake about it though, when things are back to normal this will be above 100p again
Just bought in at this stock @ 57p. I have watched this stock from early March making strong gains in lock down conditions. Finally bit the bullet and bought in regrettably 3 months late. Why though has it been on a steady decline since the start of June?
I anticipate a VAT cut for pubs will come in the next few months. Also, lets please remember that although there is a lot of debt here, there is a lot of real estate on the balance sheet too - so the debt is backed by tangible assets.
I like the make up of the pub estate having beer gardens here, feel like they are better placed to open with social distance than others. There will be significant pent up demand.
Directors' buying in decent quantity also provides some reassurance. Granted it will be a long recovery but feel this dip is a good buying opportunity.
Depends how many local boozers will leave their home delivery of beer and newly acquired addiction to the internet behind. They might be enjoying the money saved. I would suggest the new regime requires nice clean pubs and well manicured grounds to attract those that do go out and new clientelle who see a good well presented offering. Job redundancies are bound to impact and require new approaches to attract the more discerning. Off-trade will satisfy those home delivery customers which hopefully Blawat can set up direct delivery via internet orders as the empire is now big enough to cover a big geography and margins will be worth it.
The transaction is expected to complete in the third quarter of 2020.
So does that mean July - Sept and is that when Mars gets the money ?
which we can look forward to.
I used to follow these and hold many thousands when they were a £1 and sold at about 95p ish, always thought they were a strong company and good profits but now they have done a deal with Carsberg to reduce debts etc there is no reason why they shouldn't go back up to the £1 mark in time. Soon with luck covid will be behind us and we can make progress again.
Two non-executive directors and the chairman. Definitely a positive sign.
IMHO I never saw the 22p slide from Boris' speech until yesterday as I don't think many did. I'd like to see this north of 65p by the end of the month and hopefully not below that again if all goes well with the lifting of restrictions. DYOR.
Another bit of good news and faith that we are going in the right direction, Is that 3 directors now bought since the results come out.
Easily will go back to 75p plus soon
yes please - weirdly I bought at 60 and got out at 75 in June, thinking I wouldn't be coming back. But I just bought back in again at 58. Can't quite believe we are sub 60 again, but not complaining (at least not for now).
@brent - I agree Directors won't buy in for the hell of it 75p short term £1 back months to come
I have a lovely warm feeling inside when directors and the chair put their own money in. It will be a slow and steady return to a sensible SP IMO but I'm not interested in the short-term on this one. We are social creatures of habit and this will result in a steady return to whatever the new 'normal' is. I've done really well out of Marston's over the past few years and have confidence that those days will return. Just my own opinion btw.
Barchid, there are a couple of small declared short hedge fund positions, but these are not significant, admittedly. This pandemic will, provided foolish people heed warnings, pass in good time and pubs will be back. I would bank on that but I agree the Saturday event may be a damp squib. Patience, as always, will pay off as long as the business is well funded. The Carlsberg tie-up is key to Marston's survival. The results of the reopening must be carefully analysed. I won't be going into a pub but for many it's a way of life that needs to be restored.
Absolutely agree Barchid
Ray
I really wish the market cap of this stock was big enough for hedge funds to bother with, but as it is only £354mill this is not one hedge funds would likely be interested in. This is spread bet shorting with the likes of IG index at best.
Do bear in mind that the market is always looking forward so the price is lower as they suspect that pubs will not be like New Years Eve on Saturday, indeed it could be a real let down.
We hope not but let's be realistic, and off trade, as far as profits are concerned, is thin, very thin.
Back at this high within the next week?
This sp has been trashed... deliberately, the hedge funds. Pubs are part of the fabric of leisure activity and provided there is no disastrous second wave I can only see Marston's business taking back the business lost and even improving market share. That's a big 'if' as people are very stupid and take risks with infection. However, bear in mind too that off sales add to the mix as some people steer clear of pubs while the emergency continues.