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That would appear a strange scenario. Maybe they have money to burn or know some convoluted mechanism best known to the Americans.
I have seen US Investors loading up heavily on UK stocks and then pulling the plug, creating big drops in Sp's. Stranger things do seem to happen in Markets these days.
Where has sound money gone??
Sorry but I'm not sure I understand you, are you saying that they will buy shares to lend to a short seller so that the value of the share they own will go down & they then lose money ?
How was the Pedigree this afternoon, any good ?
Yanks think uk economy is basket case ; it seems more likely that they will loan out the shares in short strategy.
Well as I posted on Wednesday it would be interesting to see if any other nominees pop up as holders, lo& behold there is a Fort Lauderde office of a NYC company in todays rns as holders of 5.07%, Clearbridge who claim 190billion $ under management. I think they have something to do with Franklin Templeton who are tax haven based in Cayman & Bahamas with a large office in Fort Lauderdale.
Who will be the next to declare I wonder ?
Perhaps the SP might finally start to rise ?
Grey Monk - check out short tracker web site as this gives you the sp. for all shorts on uk mkt but MW reduced recently May 2022 to 0.69% and once below 0.50% even short tracker does not record-so nothing here to speak about. I can see them selling before H2 numbers come out where it has been said sales are expected to improve. However it would be good to have some warmer weather and another Football tournament?
Fair trader exactly what I was thinking the connection with Coltrane may be more for the Carlsberg JV. if interest from the states. However this might bring them around to look at Mars considering the strength of the USD and a re-valuing process for the pubs where it was reported on the presentation that they may have increased? Who knows?
apologies but my response was to the post asking if they were shorting
Sparky, perish the thought, are you trying to deceive readers? The news report you link is 4 years old when Marstons owned a brewery, 5 actually.
Maybe Carlsberg are exploiting the US connection?
Remember they have tie up in the states with USA craft beer? Which creates interest. No shorts here please -even MW reduced recently and soon will be below the 0.50% regn mark on short tracker. At least we are now making money withe growth in sales expected when H2 results come out.
https://www.marstonspubs.co.uk/news/marstons-secures-new-distribution-deal-with-american-brewers-founders.aspx
FD/Trent
Yes we do seem to still be suffering from the highly questionable leadership of RF and it is nice to see the SP is now above yesterdays close, if only by a whisker.
Coltrane has certainly thrown curve ball into the mix though.
Load’s of automated buys going on in the last few days.Mondays volume was six times normal volume with what appeared to be huge buys going through. Is a bid coming soon. Maybe they won’t need that new hq after all
Barchid, when you mentioned Carillion, who I seem to remember had it's HQ in Wolverhampton. Mere co-incidence! However I had to smile when seeing the defunct company's name. At the time I consistently warned PI's it was going down the plug-hole. The abuse I received was incredible. The rest is history. At least one opponent had the decency to apologise when the Company went under.
No PI should think the same will occur here, we are a long way from Carey Street.
Coltrane had zero holding until the latest statement, unless the RNS is incorrect.
The guy buys nearly quarter of a million shares and the sp drops a bit more?
It's very odd.
GreyMonk
Sorry I thought I made it clear in my post that they were a purchase by Coltrane because I described it as a "holding".
Coltrane most certainly do have many long holdings, C(r)apita has been one & they were one of the shorters of Carrillion on the other side of the coin.
The point I was trying to make is that they are no mugs & they clearly have a reason to buy in.
Interesting to see if they take it over 5% (or indeed if any other nominees in similar tax havens as thr Cayman's show holdings as well).
Yes Fd I saw the presentation. The hq move seemed strange to me when I heard. but was in local press (express & star) last year. The current hq is quite modern and I recall alot was spent on it. Marstons are moving to an old building just down the road from the brewery site. Apparently there will be staff training facilities there as well, brings them under one roof. Whether they are getting some help from the council to help renovate the site, don,t know.. surprised it was not mentioned in the presentation.
Looking forward is the key to me here now. H2 is looking for increased profits from takings as we have turned into the black. Sounds like sales improve in the hotter weather too, and many costs are under control and pegged with sales picking up. I am pretty sure once we get a positive H2 we will be on the rise and no doubt if anyone s stalking they will have to be quick as the share price is liable to rise inline with a sustained profit growth. Divis likely to return to shareholders once growth is sustained. At the moment we are building on momentum and fingers crossed this can continue. Divi to the company expected from the brewing company delayed but will be quite substantial if the £20m mentioned is real.
The announcement indicates a holding of 3.73% which indicates they have recently upped their holding to above a notifiable level . Hedge funds do not just go short on shares
wolf....did you see or attend the presentation? Correct me if wrong but assume Carlsberg are kicking their partner out of the Brewery building in Wolverhampton. Is it being done by stealth or is there a 3rd party involved? It seems rather mysterious.
Interesting meeting..
So, No divy from CMBC for 2022.
In W,ton, they are being kicked out of the expensively renovated HQ on the now CMBC brewery site and are paying to renovate an old building just up the road.. who is paying for that ?
Thanks fairdealer 20 Great summary.
"are they shorting"?
barchid, just seen after my post. I think as a hedge fund, they are shorting..Not good news if correct.
Do wonder what is coming with the presentation? Is there a leaky ship?
dannatt, always beleived Carlsberg will eventually have 100% ownership of the Brewery, they have track record.
Separating Pubs from Motels will not be easy. Not sure Pubs have the attraction they did 10 years ago...overheads etc are a killer. The Motels certainly have attractions. Having stayed at both Marstons and Premier, Whitbread do have a better focus on customers, staff are better trained and from my experience more helpful. Get the impression Marstons staff are over worked and consequently can be a little more stressed. If Premier were interested ( they do have a significant War-chest), they will likely Cherry-pick and only in locations where motels are not in competition.
Apart from Debt, the Brain's deal could be a bear-trap for any potential suitor. Why MARS took on a run-down estate beggars belief.
The Platinum offer ( 107p), which could have been increased, would have been good for majority of Shareholders, regretably it was not put to PI's, for reasons best known to Ralph Findlay.
Today's presentation will be interesting if only to establish the true mind-set of the Executive.
Anyone seen the rns today re the Coltrane asset managers holding ?
They are a hedge fund based in NYC that have caused issues with other companies in the past, run by an ex trader from Deutsche Bank.
Oddly the share price is virtually unchanged.
I think another takeover could be on the cards or shake up. Carlsberg take the brewing arm. Wetherspoons the pubs and premier inn the hotels. what do people think !!
WW succinctly put. At the time of the Carlsberg deal, I suggested the company begin to re-invent itself. The Brewery, our Crown Jewels, was/is far less labour intensive than the hospitality arm. Staffing for many Businesses has become a serious resource issue, working from home has not helped, and then patrons get the experience Barchid related a few days ago. The Chairman's purchase last week does give a level of confidence, but then maybe he considers a total loss here is unlikely whereas to buy another Racehorse could be exactly that. When you have money to burn it is neither here nor there where is is invested.
The investor presentation "could" be paving the way for some unexpected news!
Jefferies ( are they a Broker?) have downgraded target price to 50p.
The City is not confident.
Many of us came here on Dividend yield, now that has disappeared any restoration is a way off.