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Hey Jimster, Marston was already a target for take over at 100 by US equity firm at the start of 2021, and Marston turned this down!
This is a great sign as show that Marstons can see the company being worth more.
Marstons are a relatively safe company with a strong revenue stream, that's why I keep buying chunks and forgetting about it, as the only way is North!
I guess that when you look at Mars against wetherspoon and whitbread etc Mars does look under valued and it a possible takeover target when we are at these very low levels.
As always when we are shareholders of a company you always look forward to any higher takeover offer, and when you look at what Mars have and what the sp should be when we get back to normal the SP could be £1+ no trouble.
But will it happen, the answer is possibly at some stage but when we least expect it and at a much higher price than we expect.
Morning Claire
My Interwebs are picking up chats about Aberworth takeover possibilities
At 5.3% doesn't seem likely does it ?
Is MARS in the frame for a takeover do you think ?
Kind Regards
The Jimster
taking all things into consideration this really should be sat up in the 80's currently, this is a great buy time
I think MARS will remain volatile for time being.
There are simply too many uncertainties at the moment from rising COVID-19 cases to poor trading in many pubs.
All things being equal, in the medium to long term this could be performing much better. However, I think that those who expect to make a quick and easy profit will be disappointed.
LTH's need to dig into the waivers agreed by Note holders almost a year ago. A condition was agreed, Dividends will not be payed for a period of time. Depending on performance the conditions of the approved waivers will be reviewed after 1st January 2022. If favourable dividends could be restored if the current year 21/22 provides adequate headroom, early in 2023.
Whilst the company are determined to reduce debt, restoration of Dividends is in the lap of the Gods.
We all (LTH) want dividends restored after all that was a reason why I and suspect many others invested in Marstons a few years ago.
clairesmith "well it doesn't seem appropriate to be looking at putting dividends back in this year due to very obvious reason (C19 et al)"
...albeit, some of us rely on dividends to fund our retirement
Unfortunately, the Government's failure today to stop speculation on further lockdown measures - i.e. no current plans to implement Plan B but are monitoring the data constantly - leads me to suspect that new restrictions may well be imposed in time to ruin the Christmas pub trade.
'
B---y media ramping on about b----y covid again has done this today.
well it doesn't seem appropriate to be looking at putting dividends back in this year due to very obvious reason (C19 et al), however imagine they are looking towards 2023 as a time when this would become back in focus.
either way, taking all things into consideration, they have performed brilliantly the past couple of years, have the carlsberg partnership locked in, and building a better pub estate to grow into the post C19 world.
Nobody (MARS BOD included) seems to want to discuss the reinstatement of dividends.
When and how much?
Hi Claire...appreciate the info
Just checked my interwebs...and see that my highest block ( 94.8 ) in April this year...and have been steadily buying all the way down...with some minor 'scalping' along the way
So not toooo bad
But
My biggest concern is the 'cash burn'
I have been to scared to look at the latest figures...chuckle
Still very optimistic though...think Mars has a future
Thats it and enjoy the day
The Jimster
Hi Jiimster, Ive still got a block from 2020, so a long term holder, and have just bought more to add to my holding.
Long term, very bullish on this share, they are in a great market position and in 2022 will be high gearing to profits.
Things are looking fine, however in the short term there naturally is a level of conservative market action.
However, looking at the price currently, this is way oversold now and due a bounce, can see some aggressive purchasing happening soon while still at this low price with the big bucks looking at a 6 month time scale.
Hi Claire
mmm....I'm still buying here...just bought another block...I share your views...but frankly its not looking good is it ?
I'm hoping for a sharp rise shortly :)
Kind Regards
The Jimster
good price to get in, considering we now have the festive sales cycle ahead and this company are in a good position relative to the market.
Hmmm lets hope they are very canny then! barchid.
Wiggly
Indeed Aberforth have quite a canny reputation in small companies, according to the FT they held 3.99% on September 1, so they are clearly adding to their holding.
So now apparently the only larger collection of shares is held by Hargreaves Lansdown, which is of course just a bunch of private investors who use that platform, they show as 6.2%.
Investment management firm based in Edinburgh invest exclusively in small UK listed companies.
I can't see any other large sellers over the last few months, so have they bought this many shares on the open market with the aid of a broker who has been pushing down the sp to get hold of the stock.
That would explain why the sp has been held back for months/ weeks.
Maybe now it will go back to where it should be. £1.
Not sure what Aberforth do
Is that right , it looks like Aberforth Partners LLP have gone straight in and bought just over 5% .
Do they know something we don't , or is MARS just a very cood buy at the moment?
Marston's says Aberforth Partners now holds 5.3% stake
Yes, lovely mate. I am very fond of Kalamaki. It's a lovely place. Glad I didn't miss much here.
Thanks Barchid. It's a lovely little Island is Zakynthos. Not as prestine as a lot of places, but it's the local people that make it. You should try Kalamaki, just once to see what you think of the place.
Good to know I've not missed much though.
Trent
Welcome back, I wondered why you had been so quiet, trust you all had a great time ?
I don't think you missed much at all, there was the current trading update which on the surface was quite encouraging but on closer examination it did leave a few loose ends so we really need to see the accounts when published.