The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Covid period, all pubs closed - 26p approx ?
Drifting to below 32p with 1400 pubs open.... What a disgrace Marstons board and CEO !!
My buy order at 33p seems to be getting close... Just didn't want to miss any potential buy out.
Must admit have seen some large competitive buys going on today 50,000, 20,000, 13,000 etc.etc. Morning star is a good source if not your own broker!
Why would anyone want to sell a Company at this price when the most recent releases have shown such increased sales figs is beyond me!
If someone does come in for Marston most people will be too late to gain a late entry at these silly low prices! Seen it all before and then all they do is to moan that they should have bought earlier after missing the boat.
which usually indicates that people in the know can see good things coming in the 16th May, and get all the shares cheap now to maximise their profits.
Remind me what price is Whitbread for a GBP375M profit vs Marston's share price for an updated prelims due out very soon.
To compare we are only expected to make a GBP3.75m profit for a 1% of comparison value on current share price? Pretty sure we will exceed that by some margin.
Very good value here -although to be fair I am a Whitbread shareholder as well and did rather well today.
I am not M&B however who appear to me to be far less productive in profit per share. DYOR and IMHO.
i'll take a takeover bid of 55 at this point.
2nded KT, but I'll take alot less than £1 now..
I vote for:
takeover of marstons for 100p a share, so that they can =
the property estate to be sold off to a property development company for housing
then sell of the holding in Carlsberg Marstons back to Carlsberg.
the UK is a dump, and once we go back to the stone age the recent arrivals can feel more at home.
Which might well be why Whitbread and or any other Company can come in here to takeover one that has turned around and is now making profits!
The misjudged statements are from those without a broader vision - still everyone to their own! Just that some on here do not see that negative comments can bring around positive change!
A very misplaced statement. Whitbread is a very much better managed company. It's shareholders are soundly regarded.
Whitbread results are better than pre-pandemic, they are undertaking a share buy-back which will return excess capital to shareholders. They increasing Dividend, oh for Mars to follow suite...no hope as any return to the dividend list has to be approved by the Banks.
Whitbread and M&B made a good decision 2+ years ago when they both raised funds. Marstons did not, RF was too pre-occupied with the Sale of the Brewery. A cash raise at that time would have relieved MARS of the debt anchor which will continue the financial inertia so evident.
Insofar as another bid from Platinium, if last time is anything to go by, the BOD will not inform SHs until it suits them. Do'nt forget as I continue inform, Carlsberg will have a big say in any disposal of Marston's assets.
It could be,as WTB have made clear their intensions to expand the Motel chain in UK, they ( Whitbread) may "cherry-pick" Marstons better sites.
It is all if's and but's,
Whitbread's style of management is superior
AIMO DYOR.
33p - AA and BODs should resign...
KT-I would feel the Directors might start buying in here first, as well as some market pension growth schemes driven by sector growth. If Whitbread are used as a barometer we should follow the market consensus. The fact in a similar way Marston have already declared they are profit making again is true to what Whitbread have said previously and today.
If a takeover is to happen we should expect hearing something soon as no doubt if any stalking horse waits the price here will rise after the next sales results are released, which should be a lot better on a sector returning post pandemic. We will start to become a very interesting share here soon I am sure.
I wonder if Platinum Equity Advisors will launch another takeover bid while the price is so low?
You never know, they could have commissioned a fund to build a large position in the background to sell to them to have a big share holding ready for the bid launch to force it through now.
As I said the the other day this sector is recovering fast post pandemic. I see Whitbread on the back of results is top of the shop today, but many will see this as a trend for a recovering sector! Pick up a bargain here whilst you can! IMHO and DYOR.
As Marston turned to profit last year (like Whitbread) we could see a similar return to form here. Maybe in line the BOD can soon release the Marston's results. I wonder if the BOD will be buying options soon?
results out in a couple of weeks, looks like this has reached the floor, and someone is buying up stock and trying to keep the price down.
Official statements from the Compony have to be approved by their legal team and the accountants. I remember reading that the Company is now making good profits and sales are being increased to be over GBP2B or twice that of debt.
It is true if the sales figures keep improving we expect to see another approach very soon. What we do need is to release an updated and continuing growth platform and I expect this to follow soon. The govt. has helped with reduced tax on draft beer produced and with P&M being fully tax deductible. I expect results to be good and follow Whitbread return to form. They will be only selling pubs that they feel are better served by someone else again to reduce costs/ debt and increase profitability. Good sound decision making. DYOR -Suggest one or two here read the last statements.
Disposing of Pubs is not so attractive in the current economic situation, plus Marstons are handcuffed by the JV with Carlsberg. The JV requires Marstons to retain at least 50% of their Pubs based on the numbers held in October 2020. The Brains estate is not included as Marstons only lease those Pubs for 20 years.
sure debt bad etc ect.
however, there was a takeover bid last time, so someone see value.
Given how cheap the share is now, and the developing of the carlsberg relationship, maybe another takeover bid is in the works, maybe Tesco's as they are expanding into pubs?
Yup , you are right - the debt does suck and yes it is compounded by a serious shortfall in customers not prepared to pay increased prices for an inferior product, as last night 4 items were not available off a fixed menu !!! If you aint got it , you cant sell it !!! Again no Pedigree on tap - a premium beer not available ! I wonder if the BOD are still drawing their salaries, bet they havent missed the payment twice !!! I am only too aware that times are tough , but decisions have been made that now seem questionable to say the least - We all need Mars to be successful, or we might soon be calling it Carlsburg !!!!
if you could not pay the mortgage not once but twice, would your Lender and for that matter you, be worried?
Does that answer your question?
are you all paid de-rampers? The debt sucks, but is it really that bad?
Shaperite/FD
We do indeed all understand the serious straits Mars are in, but the fatuous noise from the apparent rampers prominent on this BB always studiously avoids the debt, clearly most people do read both sides of a balance sheet but I guess their exercise is to pass it on to the greater fool theory ?
I can see no other reason why people come up with nonsense numbers not even good enough to write on the back of a *** packet to try to tempt some poor ill informed punters in to the stock.
It really is a sad way to invest, trying to flush in ill informed punters, but some of these characters who post their regular puffs appear to be quite shameless.
taking into account debt, the property assets, and the Carlsberg Marston Partnership, what realistic MCAP value would you place on the business?
I personally believe a good fair value is £500m, however I would very much be interesting to know what others are thinking and worked out.
SHAPERITE, we are on the same Hymn sheet. Have saying for months any company that breaches9fails to pay) it's loan agreements, has serious problems. Those loan agreements were based on very favourable terms and yet MARS were unable to meet it's obligations. Now revised terms have been agreed with Loans on a mix of floating and fixed rates. Against this background, it is difficult to see how sound Financials can be achieved without a large injection of capital.
Hope Pedigree continues to be brewed, seems Banks Bitter is hard to find even in the Wolverhampton area.
Gentlemen, As we all understand , a dedt of £1 billion is not negated by a portfolio of prorerty said to be valued at £1 billion
especially when the cash flow to service the said first billion is in negative territory ! Been with this share for over 5 years and this is by far the worst position they have been in, they have set an agenda of selling off some of their estate in an attempt to assuage their creditors, but in this climate who will pay premium prices for a depreciating asset ??? Tougher times ahead - but I STILL LOVE PEDIGREE !!!!!