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Didn’t realise Virgo or Vine were so critical to the business, half decent snooker player and watchable presenter.
About nearly all this year now.
Good grief jackbogle, how long have you been investing?
JV's can be critical to some businesses.
I am just waiting to see what is in the RNS come the end of November
John Virgo agreement. Or Jeremy Vine. Either one working with Marstons on a new range of snooker or egghead related craft beers. Could be massive. Could be a dud. Only the barrow boys know. Watch this space…
What’s a JV agreement ?
@Barchid. It just seems like another odd thing to say that was all.
Most leisure shares in the whole sector now moving up fast - could be a good day for those who hold Marstons.
general
Google Marstons jv agreement is all you have to do.
Trent
You are spot on, we know that a large part of MARS debt is through a type of structured product which is capping & collaring the loan interest, which is why Mars were never able to repay & reborrow at much lower interest rates, I seem to recall that their blended rate was about 7.5%.
Supercharger probably missed that as he is likely more concerned about the software fault on many Tesla's & the recently announced recall...
where do i find JV agreement
Yes, but loans that companies have will be at agreed rates, so banks can't just up rates to borrowers Willy Nilly unless they've got them on a variable rate. And I just don't see any company taking up a loan for £Millions under those terms. A variable rate mortgage is one thing if you're willing to gamble on rates coming down, but a multi million pound loan for business expansion etc etc is quite another.
No increase in loan rates should help any firm such as Marston's both re-value its loan book and consider other options, whilst also giving the public additional spending with more money in their pockets!
Not so good for banks however who will see the continue squeeze on their profit margins!
generall you will find the answer in the JV agreement.
Will Marstons recieve 40% 0f CMBC profits and will their shareholder benefit
I see this continuing over time. Perhaps the day traders need to stay in this share for longer than 12 hours. Ha.ha!
Anyway I see the Glasgow Marston's pubs are open for Cop 2. Looks like the Vegan burgers will pick up. 30% off vouchers also available on line for those attending and one can even book up for Christmas with an advance booking discount at the pubs such as "Old Plane Tree!"
The initial euphoria ( tax cuts etc) have died down and experts have dug into the detail of the budget. The IFS are very concerned that it will deliver the promises made and standards of living will suffer.
In so far as the Hospitality sector the reduced level of VAT (5%) has just been increased to 12.5% and from April 22 goes back to 20%. Company's have got to either absorb or increase prices.
Excise duty decreases by 3p/pint on beers and ciders that are less than 5.5% alc, but not until february 2023, by which time other costs could have absorbed that decrease.
If it was a great budget why has this stock not gone a lot higher
Dark Arches -I felt conversation should be encouraged. If new contributors come on board then surely that should be welcomed. Non one should be able to control the conversation if it does not suit them - just offer counter conversation if you disagree.
The Chancellor only 5 mins ago said his budget was designed to give people confidence well I must say he did that for Hospitality and for the Uk encouraging Internal flights and hospitality. The UK is now the fastest growing economy in Europe!
Rishi -Made headlines yesterday in large print giving positive direction to hospitality which Analysts/Accountants/Banks will work with. Sentiment improved for this sector which was the reason for the share rise yesterday of over 6% and early rise this morning. Profit takers moved in but I am sure the path is now upward and lets face it the future is now better post budget than it was before!
Forgive me if you are genuine. It just seems to be that a lot of first time posters seem to spontaneously appear on this board to agree with a Supercharger post.
Nothing imaginary about me....
Had an account for donkey's years, but only use the resources rather post about blah.
Traded MARS for all that time - only posted today as I could see what was coming and had an inkling the budget could be a catalyst.
As always.
DYOR
Really like the 50% Business rate cut for HOSPITALITY too!!
This for certainly help Marstons more than most to drive in a higher profit margin and with a turbo boost with expected increased sales of pints compared to spirits that are to be liable for increased levies. "Off sales" will increase too to add to the recent positive Company release!.
looks very good for them, considering they got through the worst and have set the company for profit, the assistance from the government is going to give this share massive support.
Rishi mentioned help to brewers as well as hospitality just the injection this industry needed. Should help off sales too with lower tax on lower alcohol drinks to encourage Beer sales over spirits. Should see an uptick here I am sure, as well as Whitbread I suppose.
Review of beer duty - less duty - didn’t see this coming. The buyers will be back soon. Take care all.