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I agree with Shazabo's point.. but more so if you are an 'investor' that reflects timeframes.. you shouldnt be worried about short term movements. as Ive stated they have secured their financial position to end of year as stated in an RNS earlier this year, even if we remain completely in lockdown. that was before they got 273m cash.
Look at whther they can weather the storm, whether they are doing the right things at the current time- (JV, capital exp reductions, disposals) and then look at where theyll be in 12-18months.. thats the value.
climb to a £1 second half of year
I mean we dont know for sure what will happen with C19. but theyre in a financially sound position to take advantage of business reopening.
Begs the question why are u invested in marstons then? Get your money out quick on Monday and save yourself before u get wiped out.
There will be a rise Monday as I believe the ftse will be up due to the late dow increase and oil spike which will lift the market. Marstons was following the ftse on Friday where virtually all. Stocks took a beating.
FYI I'm an investor in Marstons, and I have topped up after seeing all the great things everyone on here has to say. I love the pretty picture some are trying to paint here :))
But in the interest of keeping realistic :
- does many of marstons pubs have outdoor areas
- what's the size of the pubs, i.e. will it be easy for them to enforce social distancing
- how does operating at significant capacity mean for earnings and hence value of the company
https://www.itv.com/news/border/2020-05-27/is-it-worth-opening-for-half-a-dozen-people-why-some-pubs-will-stay-closed-despite-easing-restrictions/
Wow! You should increase your stake then, no brainer, go all in :)
JT are you going to try and do some sums at all? as I posted they have 273m in Q3 coming. they have 30m if disposals. they have agree covenant waivers. they reduced cap ex by 80m. they have seen a massive increase in beer shop sales. they have said in an RNs even if COVID goes through to end of year they are OK.. this was before the 273m came in.
paid in 2022! ...
BRITAIN'S pubs won't survive the summer if they are forced to pay 20 per cent of employees' wages and stay shut, hospitality bosses have warned.
As Chancellor Rishi Sunak prepares to announce cuts to the furlough scheme, chief exec of British Beer and Pub Association Emma McClarkin said many pubs may never reopen their doors.
fairdealer youre completely right and apologies to all.. that was a sloppy first message, wasnt trying to device anyone.. What i was trying to suggest is next year on the basis that there is a full return to business, the related dividends will return which yes means paid in 2021. That dividend amount is likely to be at least 7 pence based on my workings for next year- these assume similar revenues to 2019, taking into account JV, cap ex reduction.
Really positive stuff. I like that how unlike with many mergers (where the companies talking about making savings from efficiency savings from needing less overall staff in the combined businesses) they are immediately talking about creating jobs and expanding. A great outlook.
JTyson Marston's were already working on reducing costs. Actually one of the upsides of the terrible current situation is that companies look at cost reduction. as per the 18th march update, they have reduced cap ex by £80m.. thats huge. And whilst they dont have income from pubs, they also havent had to pay staff and have agreed covenant waivers on debt. Finally they have 273m coming in Q3 and another £30m of disposals this year. Also as per the other thread.. sales of beers in shops has gone up massively. this isnt about the profit right.. its about sustaining and positioning for next year. Provided we resume normal business (we will have a vaccine by then) and no severe recession Marston's will do very well from 2021.
All positive news for the company..
..on another BB:
https://www.shropshirestar.com/news/business/2020/05/29/sales-soar-in-the-sunshine-as-beer-lovers-drink-at-home/
Maybe the Covid won't magically disappear, but the patience of the British to maintain the current restrictions will. In Sweden, they are now starting to live the same as before Covid, and just accepting a slightly higher death rate. Probably rightly, they've realised, what's the point of a slightly safer life if it's much more miserable.
Given it was only a few weeks ago when headlines were suggesting pubs may not reopen till 2021 then the suggestion that a staged start is only weeks away obviously has a positive effect. The unknowns in this pandemic are the SP killers, the less the better.
Lol keep dreaming . Maybe the price will reach the levels you dream of.
Sit outside means 25% capacity ? When the great British weather turns rainy , maybe Covid19 will magically disappear too!
They will semi furlough the team, this will save costs and be a good soft entry back to normality. ****ting off areas will allow this to happen safely. If people can go back to the office then people can sit outside for food and drink. Just be alert. 1.08 short term. 55 is a joke lol
How will the pubs make decent profits with just outdoor space and all the many restrictions to make them covid friendly.
We have seen the costs that supermarkets bear for making them covid friendly. Sales will definitely be hit.
Any outbreaks pubs/restaurants will be the first to shut.
Back down to 55p next week then I guess...
Now environment minister George Eustice has confirmed food and drink venues like pubs and restaurants are likely to be able to reopen outdoor spaces first. It was not made clear whether a similar easing would also apply to Britain’s cafes with outdoor spaces.
He told Sky News on Friday morning: “The hospitality sector and some of those other ticketed venues, in particular cinemas and in particular theatres, restaurants and pubs, will face a challenge getting back in to operation.
“And that is why we won’t be loosening the restrictions on them until at least July and even then it is likely that in the case of pubs and restaurants it will begin with beer gardens and outdoor areas only.”
Bringing the option to work part furlough and part work forward a month is what I call a whiff. If the GVT feel it’s right they may allow
Pubs with outside space open for trade. This will suit the pubs as they at that point will not want to shell out full cost to open for trade limited to beer gardens etc. A great sign for some summer outside boozing. Trust they will be back in flocks. Fingers crossed on news in the coming week/s
Dk with respect this is not a market for beginners. You will get all manner of opinions, some well informed, many motive driven. Remember most have an agenda which suits their strategy.
You may be lucky, but do yourself a favour and do research into whatever company that interests you and never invest more than you are prepared to lose.
doze did you realise Marstons already collaborate with US brewer, Shipyard?
adg dividend is payed on the results of the previous financial year. MARS yr end 29th September. Now work it out, results announced around end November and previous divs payed towards end January following year.
Do you believe the company will turn in a profit for the yr ending 29th September?