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Hoped for 130p. Has climbed from around 40p over the last few months and see little reason for this to climb higher unless another bid. Which the directors seem determined to reject. Pubs are going to be shut for months. They could have given a price they would accept but too cosy I guess in their well paid jobs in the middle of a pandemic to bother with such things it seems.
Update on possible offer: No intention to bid statement
The Board of Marston's PLC ("Marston's" or the "Company") notes the announcement by Platinum Equity Advisors, LLC ("Platinum") dated 11 February 2021, confirming that Platinum does not intend to make an offer for the Company.
The Board continues to believe that Marston's is well placed to benefit from the opportunities in a post-COVID 19 trading environment, following the completion of the SA Brain transaction and harnessing factors such as a reduction in on-trade industry supply, and increased home-working that will benefit pubs in suburban locations.
Marston's has a strengthened balance sheet following the creation of the synergistic joint venture with Carlsberg and significant cash headroom, enabling it to continue to absorb the impact of the temporary Government restrictions.
We welcome the continued nationwide rollout of the vaccine programme and look forward to rebuilding trading momentum once restrictions are lifted.
Quick recovery of the SP following this morning's auction following the RNS shows you there's likely something still in the pipeline about a takeover by a different interested party. Or that there's a lot of positive sentiment around pubs being close to an announcement re opening again.
After Friday's events , No surprise. Could not see PLatinum taking over a bunch of pubs under management and Brain's are not prepared to sell. We are still waiting for the Management contract details promised to be released at the same time as Agreement completion. We will soon see how the market reacts?
I totally understand the concept of averaging down. It's just to openly wish for a significantly lower sp the moment a decent upturn happens- at a time when we're hopefully the road to recovery as the end of lockdown nears- is generally a very backwards concept! By all means say you're happy for a lower sp in defiance if the sp has subsequently slipped a bit.... but it had literally just reached the highs of above £1!
@Lyncj01, thanks for the update regarding the privilege card. I guess we shareholders won't be quite so privileged after this October when the current card expires. I certainly intend to make fullest use of this excellent share perk before then though, lockdowns and mutant variants permitting that is
Wouldn't they have to declare share holdings of % they hold thus meaning if they did then it would also breach many rules of conduct. Peel Hunt will be doing their due diligence in the background as will JP Morgan Cazenove.
If this is a long term play by Platignum they probably purchased their shares pre Xmas at anything between 65p/70p, then with the medium term outlook for hospitality sector grim and possibly another trading year uncertain they need a return, Why not make a bid that is almost certain to be rejected but leak it to the market then retrace but sell your shares at £1 ish giving a 3 months return of roughly 50%? Couldnt happen - could it ? Happy days and good luck all.
Email I received from MARS re their Privilege Card: ''As a result of the impact of the pandemic, we will no longer be issuing Privilege cards to new shareholders from 01 October 2020. In the current challenging economic climate, the Company is reviewing all costs across the business, looking at how best to support our pubs and reward our loyal customers. We are working on a new wider reward system for all who use our pubs and lodges and hope to announce further details soon. If however you purchased the shares before 01 October 2020, please provide evidence of your holding (copy of a contract note for example) and I can arrange for a card to be posted to you.''
YoYoMa Funny how the man who was always steps ahead of everyone else has gone into hiding in his foxhole, maybe he is still working on the name of the beer to be released to salute Captain Tom R.I.P., perhaps Jarel Robinson-Brown IPA could be a start ? Failing that if he is still working on his cgt submission to max out he & Mrs Tesla's £12,300 free allowances he might still be looking for where all his boasted about profits have gone ? Meantime the chicken pellets and tinder enthusiasts seem in short supply at present, which is no bad thing.
Good morning Trent, I believe that until the requirement is fulfilled to see who are the main holders by identifying via their form 8.3 & 8.5 actions will only then we may see a new offer. Saying that over the weekend I did some extensive searching and I feel we may of seen the last of PE but perhaps a new contender may pop up as the half planted post of "we voted unanimously" against to me whispers "we're open to better offers". The SA Brains deal may be part of the wider picture to bolster a better sale price. The price is holding very well and we're getting closer to the end of the tunnel slowly but surely. Who knows what holds in store, perhaps Carlsberg may decide to to go all in which helps them longer term. Was hoping our residential Tesla insider may pop up and give us some words of wisdom but then again with BTC doing so well he's probably buying Dogecoin and BTC by the thousands to follow his Tesla messiah.
Joe Very true, it always amazes me that many posters seem to hate to hear any caution ever expressed, apparently if it's not about to go into orbit it shouldn't be posted. Every discussion has 2 sides to it, perhaps when the pandmic allows Kew Gardens to reopen some of these moon shot posters could visit, they would then surely notice that trees don't grow to the sky !
lol what you talkinboutWillis... it's called averaging down, in other words if you buy more shares at a lower price then you can accumulate more of them (rather than buying/topping up higher just to see the price retrace). Which means when this will hit the likes of 1.20 come spring you can expand your profits