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Don’t worry, business has resumed as normal at £0.29
Yes, but their intra day graph is not showing this.
Google showing after hours price of £0.39 anybody else seeing this
Some big trades at the end including a mis-quote I assume, pushing the SP to 39p. TR1 inbound? Takeover?
Come on Tesla man, you are a Trader as your post confirms.
Good luck, even penny shares can come unstuck especially in this market.
Barchild - Actually my spread over the market for the past 3 weeks has risen very nicely thanks. I expect the two or three speculative shares also to turn positive very soon. It always pays to spread risk and buy some additional risk when the time is right. I always suffer with too many gains for the year and with the CGT allowance being reduced that makes life even more difficult for this and next yr especially. Still all to their own. Positive comments can bring out the short sellers (I wonder who they are on here) and then it's time to buy again, as they have to buy back sometime and always appears to make an appearance as the price is starting to rise? Funny that! GLA/DYOR and enjoy.
Discharger
Loan rates coming down soon, you always spout this but forget to point out that so many of MARS debts are capped & collared, are you suffering memory loss ?
Beer is cheaper, arguably, than cigs/vapes but way pricier than the "highs" that most youngsters use these days.
Not to mention buying supermarket Marstons and drinking it at home whilst the pub down the road is half empty to empty but paying for staff and power despite that.
Yes there are plenty of cheap shares in UK market, ESKN for instance, aka Southend Airport which you have been puffing lately all the way down to less than 1p !
Face it, Superdischarger, sub 30p MARS are basically option money, rather like ESKN some months back...
Not being half as smart as you are, I can only look on things simplistically, if I buy at sub 30p I could do very well but I could lose the lot, why is that so difficult for you to take on board ?
Loan rates will be coming down soon which will help. Wages are now higher than inflation too so more punters have money in their pocket. Beer is still cheap compared to Vapes of Cigs for a working man. Warmer weather will bring in more business. Lots of rubbish on here referring to no. of pubs, etc. and some seem to have missed the fact the Partnership with Carlsberg has just acquired supplying over 1500 establishments to Stonegate, as well as supply the 1400 plus of Marstons own pubs, and yes Marston still own 40% of the joint brewery venture with Carlsberg that has also been growing fast! So cheaper loans, more sales, and we await the Brewery figs for Christmas and the new year where the 8% increase in sales declared by Marstons was only it would seem for their pubs, and not home sales through the Brewery. Lots to look forward to and a good price to come in.IMHO. DYOR, GLA. ps. Sooner or later we will be seeing like on other FTSE cheap shares some positive action we just need to be patient but many shares are now moving fast into recovery mode and this share will follow soon I am sure.
Very informative. Would you not think the hotels are an attractive asset and as regards the pubs if they are able to sell down to 50% that’s a lot of pubs. Then there’s the beer. Maybe a carve up carlsberg whitbread pe…if carlsberg did takeovers.
Planning Departments have become notoriously slow and often persuaded by Local Interest Groups who wish to retain properties as they are. There is well known Pub( not Marstons) close to where I live. The Landlord has been losing money since before Covid and as now decided to Sell until a very vociferous Local Group have engaged with the Local Authority to make the Pub a Heritage asset. If granted ( there is a growing number of Pubs that have achieved such status and are now managed by a Co-operative) Ultimately the issuance of Community Asset status places a huge obstacle for Freeholders to find Willing Buyers.
There are many Historic Pubs ( Coaching Inns) that should and are protected as part of our National Heritage. Unfortuneately by their very nature they are invariably in rural and often remote locations. Change of use of Coaching Inns is not impossible but not easy.
Any concern Carlsberg may have is covered to some degree, by the JV Marstons agreed when selling out the Brewery.
Carlsberg require Marstons to retain at least 50% of the Pubs, number. The base number being the date of the JV.
Marston's hands are shackled as would be a T/O Investor. Carlsberg hold the controlling cards.
Isn’t there some way of changing use, somebody once told me if you have an unprofitable pub a change of use application is more likely. Could be a load of baloney perhaps. Personally I think some pubs should be protected. Anyway 3 businesses the brewing, the hotels, the pubs. I cannot believe Carlsberg will be happy with the Marstons arrangement long term I wonder what that 40% is worth now.
Barchid, Public houses tend to come with occupation conditions which can create problems for a Venture Capitalist attempting to get change of use. Many Pubs, not just Marstons, tend to be in relatively isolated locations where change to the Local Housing dynamic meets well informed opposition. There is also another little known issue where a Pub has been approved as a community asset. This makes it virtually impossible to command Purchaser interest.
The simple fact that affects all Hospitality Business, is the change in Social Demand for Ale at Beer-Houses.Many youngsters see much better value in buying a dozen can at Supermarkets.
I stated sometime ago, Marstons needed to re-invent it's Business. It still could but given the debt pile, which continues to be understated here, makes pursuit of new enterprises very difficult.
The oiler is a bit of a puzzle. At least it pays dividends.
As I have previously stated, bricks and mortar do not pay for a weekly pay rise, increased council rates or a declining clientel, every Marstons pub I pass between Monday to Thursday are short of custom, yet the overheads still roll - on !!
£4.25 a pint is prohibitive to a working man or woman, and the food is decidedly " Ding " How many of us earstwhile shareholders have ever run a pub ? bedause some of the comments on this board are decidedly purile , The only reasonable comments originate from the likes of Barchild and the ilk !! It would not suprise me if sometime in April we see £0.25 a share when the new minimum wage clicks in, and for anyone out there who thinks that I am a shorter let them be informed that my average is £0.85 and to say that I am annoyed is an understatement !!!!!
At a tiny fraction over 29p
Now that nimshy is onboard that was my buy signal at 29.17 - the lucky talisman.
Back to 80p would be a nice pension.
I've bought in today, I held these several years ago when they were paying a dividend but have been out ever since, with the economic outlook slightly better I decided to take the plunge again. GLA.
I topped up on Mars on Monday - i'm in it for the long haul - 3-5 yrs but some news or some movement every now and then just to keep it interesting would be nice lol
FD
Salient comments indeed, it is noticeable how few posts are made when the stock is in the doldrums, like it has been the last few weeks to drop down today by being offered sub 30p.
I note too that we have not heard much about how the property estate will bail us all out, it certainly seems like Mr Market has a different view to many who post here...
Not sure how a Rights could get away given the current SP malaise and Lenders ( Banks) have the company by the B****.
Hospitality generally is suffering from every finacial nightmare, cost of living, staff shortages, increasing wages, younger generation not patronising Pubs as many of us did in their age etc etc.
Maybe Justin is working on some miracle, lets hope so!
The sentiment isnt good for Marstons but personally I cant see them failing if they've survived this far, and if they survive without a Rights Issue then the shares will double before long. The ones who will benefit from a possible Rights Issue will be those who buy their shares after its announced. Taking that into account a big purchase of shares from the new CEO would be a massive buying signal
But how much in property? The discount to NAV is senseless given rates will drop soon.
A £billion in debt.
Perhaps Justin the new CEO can explain. He has been very quiet so far. Maybe realising what a load C@#£p he has taken on..
Brewery stake worth more than mcap...property well in positive equity, profitable...odd
This could be moving up soon, as Lloyd's reports customers deposits increasing, debts reducing, no doubt due to higher wages combating the reducing inflation figs. More people have spare money in their pockets according to the bank. FTSE Appears to be reacting positively to the news which should start filtering down to Uk companies (about time!) GLA, DYOR.