Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sorry, *Barchid*!
Bar hold, Admiral or New River will be very interested in their tenanted and leased estate, which if Marston’s want to focus on Retail (I.e Their managed and franchise style pubs), would be a good option.
fairdealer
A very reasonable summation of the position
I would go a little further in that the jewel (brewing) has been sold off to support the pub estate. Personally I would have preferred it the other way round but then who wants a string of often scruffy and run down boozers ? I think a lot of new shareholders posting on this board should apply for the "privileged" card available (or was until recently) to shareholders, it does not lower the price of drinks but it does of food. Then they do a bit of cut price dyor to see what they think of the food.
I did and after a few visits I cut my holding sharply, there is really little consistency in the various offers other than for various reasons they go into the "don't return" column !
In short they are/were a great brewer but not a great publican, imho.
I agree.
The furlough scheme changes in July & August companies will then be expected to contribute if the hospitality industry isn't open by then how will this work? I can't see how the industry will survive!
Plenty of news coming over the next few weeks.....DYOR
shazabo i decided to hold onto my shares as i did some more research to make me satisfied that marstons will do well in the near future and long term should be good:)
Id be happy if we lost a bit of the volatility and maintained around 65 pence..
Any price predictions for this week/ end of week?
A lot of buys in the 62.6 range. Paid off for them already
Weekend is always an opportunity for retail investors to catch up news etc.. Martson's has been in a lof news/ investor articles recently, suggesting what a genuinely great deal the JV was.
Why would this be?
18palmerc, did you hang fire or bail? I said if the ftse was up this will be up as Fridays downwards trend was for a similar reason
faidealer Id agree on the divi and reducing debt pile. american airlines did millions of share buybacks a similar way to return share holder value, ignoring the massive debt pile.
if this is truly the end of COVID then as per the Bank of England's guidance, we should see a v shaped recovery..
As for the chancellors words- i dont pay too much attention to the politicians. and im a central govt consultant :). they also planned for herd immunity when covid first came out...Bear in mind Rishi was drafted in at short notice as he plays ball- he was a junior minister. Hes saying what he thinks he needs to keep people aware to the worst case scenario.
But its naive of him to suggest a huge recession here when no data supports that and the BofE has said we will have a V shaped recovery. Recession is 2 quarters of negative GDP. so Q2 and yes Q3...
however, if covid persists into a second wave then yes this becomes a genuine recession not an 'event' related one.
My approach is invest in the longer term opportunity, but to maintain more cash than investments at the current time.
adg good to see you have done some research which should show a level of consistency. Some of us who enjoyed a good dividend return highlighted sometime ago the wisdom to pay such a high div when the debt pile had grown. The group had increased greater debt with the aquistitions, particularly the Charles Wells deal. Now regrettably events have caught up with Marstons. The deal with Carlsberg is a God-send and will at least enable the company to reduce debt. Even though the JV does have benefits, I make no secret of concerns a Major partner may inflict on the Junior. Hope those thoughts prove wrong....only time will tell.
The full effects of the pandemic is yet to emerge, What is clear many Business sectors will struggle to survive, some will disappear, the upshot being huge unemployment and consequential diminished disposable income.
All the unknowns, it is impossible to predict when Marstons will return to a level of profits which allow a return to the dividend list. Even then and with deposit rates remaining at or close to Zero, dividends generally will not return quickly.
I disagree, recession is imminent, even the Chancellor is preparing us for very troubling economic times. In his words far worse than anything seen for decades.
One of my businesses was in the Cider Industry, am still connected to a minor extent, and have a number of contacts in both Cider and Beer production.
It is already estimated National debt has grown by £300billion and likely to approach 600 by the end of October.
Your prediction of £1-1.20 within a year would be very welcome, however caution is suggested.
AIMO
Faidealer Ive read through quite a few of your posts, and I do appreciate your position as a LTH.. especially seeing this board with lots of people talking about big numbers only to disappear.. you also made reference to delivery orders.. assume you are in the brewery business yourself?
Personally I would be more than happy to see this slowly get back to a price of £1-1.20 over the next 6- 12 months.. Im quite practiced in my research- mainly on a fundamental basis. I think the opportunity is a good one here. not withstanding macro considerations.
18 p. what is your timeframe? speak to anyone you know... theyre all dying to get out right?! have pint in their local, have a nice meal. Getting on flight will be a pain in the a55. this lockdown makes you appreciate what you have.. and as it stand the lockdown has not materially effected peoples pockets.. this is an event not a recession.. so all things considered i believe we'll see massive spike in sales...but as for the share price.. it may take a bit of time to get over a £1.
And yes I know fairdealer.. we will have to pay the money back.. but i dont think anyone can say when and how that will materialise.. National debt has been high for a long time...
Leppington has vested interest, that pubs should recover. His previous posts should be read as some of the issues facing CMBC should be considered. It is alarming to read Landlords have not been advised/consulted.
Why have u lost your money? With the merger with carlsberg and other positive news it will come back up. Need to hold your nerve and not be distraught by it going up and down. That's what shares do they never do what u want them to do. All shares were down Friday which dragged mars down. I see it coming back up if ftse is up Monday.
Some pubs may fall by the wayside inevitably but marstons is in a very strong position to ride it out.
I wouldnt want to tell u what to do with your money but don't be disheartened by a few days of falls. It's up to you though.
It has more than enough cash to ride the covid wave. It also is doing pretty well with its retail sales in supermarkets due to the hot weather so not all down to pubs making money.
Cash injections coming in by way of carlsberg merger and sale of assets this year and banks waiving covenants.
Where would you put your money anyway, all of them are up and down at the minute.
do we think that pubs will do alright when they are allowed to reopen especially marstons and be able to start making profit again in order for the shares and themselves to go up. if so should i carry on holding my shares or sell accepting the fact i have lost my money???
thanks
addendum.
Leppington seems to me you have got to show some initiative and apply some innovative ideas. It is your livelihood.
Leppington that is very disappointing. If you are in a good location and there has been a level of trade to be had, it would seem sensible to attempt take away/off-sales. Pret A Manger are untaking a take away, Ok food and drink ( non alcohol) and is attracting good custom.
Remember customers tend to remember establishments who are endeavouring to provide a service, however limited.
When the lockdown is finally over customers are likely to remain loyal.
I’m a Marston’s franchisee and heard nothing. Frustrated by the lack of apparent interest in off sales.
cherryburn that is a sign of things to come. Before this pandemic, Pubs were already having a hard time and listening to some Publicans now, they appear almost resigned to never re-opening.
Pubs in London are currently using entrepreneurial skills and operating as off-licence take aways. Are any of Marstons pubs being encouraged to undertake such methods?
The Douglas Haig in Effingham has now closed and has planning application in for a number of houses . I will do some homework on this example as it is only a few miles from where I live.
Shazabo....I doubled down here sub 40p so now just above break even. I still believe in this share especially after the recent deal. "Garden pubs" will always survive and thrive but I fear some will never re-open but I believe that many of those will be revived as housing projects. How valuable is this land bank ?
When "normality", using the term loosely returns.
With other Countries having varying rules about allowing foreign nationals into their Countries due to this virus.
An example of this, just from my own experience is that we usually go to Zakynthos in Greece for our holidays. However this may well be in doubt at the moment because the Greek authorities quite reasonably do not want those from "High risk"Countries coming in potentially putting Greek Nationals at risk.
We have friends that live in the Midlands that usually go over at the same time as ourselves, and it occurred to me to ask them if we cannot get over there this year if they'd be interested in going to one of the Inns over here somewhere if that turns out to be the case, and they seem bang up for it. Doubtless my discount card will see a bit of daylight too.
This does beg the question of course as to how many others will have had the same idea as a plan B.
That being the case, there has to be some benefit to us on the back of this.
Sounds a little bit of sarcasm here. I don't understand why people buy into a share who think it has little chance of revival.
Only reason would be to try and influence it to ramp it down to a lower price for then to buy in and then ramp it up as I have seen on so many boards here. I don't think one person in a discussion board has any influence on a share price at all unless it's Donald Trump who decides to make an appearance
Great points. Lets ignore my original post and all top up on Monday ! Onwards and upwards