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could be a whole raft of concerns which is making many in the market nervious. The emergence of further Covid cases in China is clearly having an effect.
Probably just a low point of the day, 4p movement either way isn't too much given the state of the markets right now. I'll top up below 60p if we get there, I'm in this one for the long term 3-5 years. IMHO. DYOR.
I was wondering that myself. FTSE 100 and 250 now down less than 1% and MARS down over 4%. Odd.
any clue why the sp has dropped suddenly??
It appears that BJ has ask for an urgent review on reducing the 2m social distancing requirement. Just on the speculation itself the sp should reach a new recent high. BJ is very likely to try and increase his popularity in the next few days, weeks. Once either the partial (outdoor space) or full opening of pubs is announced the sp will approach 100. All this is due to happen in 15-20 day window. This share has a potential profit margin of over 35% short term. Who doesn’t like a pint??
@tricky752. But if he doesn't and didn't see airline stock as worth/viable holding for the next ten years then he IS doing as he says to do.
Trent we are on the same Hymn sheet.
No one knows what the eventual outcome of this pandemic is going to be not only Economically, but to Societies generally.
The illusion many seem to be under...…..everything will return to normal within a year or so, are really fooling themselves.
There are/have been astute investors who have/are making a lot of money. The market we are in facilitates Traders, the trick is knowing where to be and when to get out. Such investors, wisely, keep their mouths shut.
Interestly the note the large number of new posters on many sites since lockdown. Maybe they are bored or possibly believe a pot of gold exists to be found in this market. Unless they are lucky it might have been best to keep furlough/ loan funds in a safe place.
I do believe the market will face another adjustment once the true cost of this pandemic is known....at present it is pure guesswork.
The World is not going to return to what we have known and we all need to adjust our expectations.
econ
Warren Buffett is often mentioned, being a Guru of the Market, even he has serious misgivings where economies are heading, sold huge chunks of his portfolio and now sitting on an enormous Cash-pile.
One issue which is yet to be evaluated, there are others, the current Global situation is presenting Climate Change activists with a gold opportunity to influence Economies going forward. Do not underestimate the potential changes which will get traction. Just keep your eyes open!!!
AIMO. GLA
@ Mrahman20.
I'm not sure this is the last chance to get in, to be fair. I can see another chance to buy in/add to this and other shares in the sector in the not too distant.
The reason being, at the risk of being controversial, is because of those attending these "protests".
Not wanting to go into the rights or wrongs of them, as readers of my post will have their own position on this matter. I have mine, which I would prefer to keep to myself, in order to keep any debate on it civil.
The reason being, we are still part way through a pandemic, which is killing thousands of people across the globe on a daily basis, Governments are, in my view likely to come down quite heavily on new lockdown measures when so called second waves of the virus take hold, and take hold they will, if people persist in being in close proximity to others not knowing if they are or have been infected, risking not only their own health and well being, but also the health and wellbeing of elderly or vulnerable family members.
This is to say nothing of the knock on effect on the Country's economy, or the financial consequences connected directly to the businesses themselves.
No business can survive indefinitely for an unnecessarily extended time frame without income or with a heavily reduced income. This in turn puts livelihoods at risk, along with inevitable consequences.
Just my point of view of course.
Perhaps. However, I have a core stock holding that I leave in certain stocks. I then have some money that I like to have a ‘bit of fun with’ if I feel it is a decent opportunity. Why, well I do not have an infinite pot. Some I have a core holding for and still trade a bit which can add to my core holding.
I guess even Mr B does not do as he says because he would not have exited airlines at their recent lows. Not even the guru gets it right all the time.....and I am far from a guru at this or I would not be here.
When you buy a stock, plan to hold it forever
Once a high quality business has been purchased at a reasonable price, how long should it be held?
“If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.” – Warren Buffett
“Our favorite holding period is forever.” – Warren Buffett
The Man said it all!
Got some on the bell this morning for 60.5. Now wishing I had purchased rather more. Had traded previously but now intend to leave......famous last words of course! Summer drinks outside.......come on sun!
In return for loan waivers, with Banks, Mitchells and Butler have agreed to pause dividend payments until after year end September 2021.
...FTSE permitting. The sell-off has enabled some good buy-in ops. This tends to follows the FTSE, but it also has its own, news-based dynamic . Come on Boris... let the pubs open up, with sensible anti-virus measures of course. Stay safe...
Market recovering
I've done that myself a couple of times in the past. I'd sold out at a small profit & rd-bought back in on the retrace and copped for a few free shares.
I wouldn't do it in the current climate though to be fair because as you say it's just a little too risky for my liking.
I'm more happy to just sit tight on my humble holding for now.
It's a good day trader if u have the bottle to do it but risky.. I sold early and rebought and got a few extra shares from the same amount that I sold for Wouldn't recommend it as its a risky strategy
Depends 18palm. if you continue to hold the question you got to ask yourself is "Is there life on MARS?" I mean take a look at the lawman beating up the wrong guy. Oh man, wonder if he'll ever know.He's in the best selling show.Is there life on Mars? It's on America's tortured brow. If not,then sell for sure.
is it worth selling now and re buying if marstons shares go down even further??
FTSE 250 Deletes:
Bakkavor Group
Forterra
JPMorgan Indian Investment Trust
Elementis
Mccarthy & Stone
Marston's
Stagecoach Group
Senior
Hyve Group
ftse 250 down by 0.65% so marstons wont be up till ftse 250 is up again
Liberum been saying this for a while now, nice to hear but where is this ‘90p’ ... would like to see it soon, prob won’t show its face until 4th July
fairdealer
As always, you sum up the relevant matters fairly & with insight.
I suspect the few institutional holders of this stock (& they are few and far between these days) will be exiting on the back of private punters speculations, some, not all but some, of whom think that they will see a fully restored dividend next year & others who think it odd for investors to visit some premises to see how their investments are coming along.
Drinking regularly in pubs is a generational thing, those who do it are dying out, younger drinkers seem to prefer ****tails to IPA's, pints of bitter etc, another headwind which is unhelpful to the SP.
Speculators will not determine the value of the SP, that is a market function. Whether it remains in the present range or moves above £1, some have stated 120-150, one even stated £3, is pure speculation.
The company faces significant head-winds, as do most hospitality co's. No one knows the final and lasting effects of the Pandemic, talk in Government circles of 5-6 million unemployed, by the end of the year will have a devastating effect.
The deal with Carlsberg is a life-saver, without it we would be in deep do do, however initial integration of the Brewing businesses will have resource costs.
It has long been known, way before CV-19, tenants enjoyed deferred rent payments that were dependant on beer sales, some rent arrears have been treated as bad debts and WO. Listening to Publicans, that situation is likely to increase significantly.
The SP has been underpinned by assets which some believe are undervalued and will be re-valued. Those who believe need to examine recent history where even the CEO had no confidence in the Estate valuations, selling assets at a significant discount.
The Carlsberg UK team are no slouches and will bring a breathe of fresh air into Fiscal management. Marstons will be left with a Pub/Hotel estate which it is generally recognised, requires capital expenditure .
AIMO. DYOR
I’m just putting my view as someone with front line knowledge.
Marstons we’re heavily, heavily indebted, they now have huge new build sites, that have to be filled to capacity to make money. The small tenanted pubs are now way too small for operator’s to make a living, so rents won’t be paid, that division is going to way heavily on Marstons.
This industry will not recover until social distancing is scrapped, and for that we need a vaccine.
Finally, yes the interim results will be fine, after that?????
Oh and by the way don’t expect you’re local bar to have all those wonderful real ales on tap. We have already been told choice will be restricted for a few months.
Good luck all those here, but bloody well done to those in at .18p, you for sure can not loose.
I will at least see the position we're at after the results and pubs reopening in July, then take stock