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85-90s EOW GLA.
At the moment we all want 105 for our shares, if they had rallied on opening up to 120 we’d be praising the bod for their strong leadership.
@ London69.
I'm not convinced that the board were negligent in turning the offer down.
They deemed the offer to be too low to consider it. I agreed with that sentiment at that time. I still do. I believe that they were fishing for a cheap bargain. I don't condone that. God loves a trier and all of that. That said, if they were genuinely interested in buying Marstons, they would have come back with an improved offer, but they chose not to.
Respectfully, I just don't buy into how the Mars BOD were not looking after shareholder's interests at that point in time.
Was thinking similar last week when another competitor started to announce the sale of properties. Do you think that MARS will sell off some off the lesser establishments and bolster their luck with the SA Brains pubs in order to look more attractive then wait for the smell of a takeover then pounce on the chance? I think with the debt and noteholders this could be a very cheap option to snatch. On the other hand I am enjoying being part of the MARS 61 Deep club at my local as it's one of the nicest pints (apart from Pedigree) I've had in a long time.
Hope all is well
happy to lead this forward and contact the relevant stakeholders.
In the interests of shareholders.
Thanks
Good evening all,
It will have been 6 months on 29 July since the Marston's Board rejected an offer of 105p for the entire share capital of Marston's Group, even in light that we were very early on in the vaccine process.
William Rucker, Chairman of Marston's Group and former chairman of Lazard UK, rejected the offer with support from the Board stating that "it very significantly undervalues Marston's Group".
The offer represents a 35% premium to today's share price and it demonstrates poor judgement at a senior level.
A couple of questions. Can we sue management for negligence or two, with the support of everyone here, I am happy to contact each of the large shareholders, using the information supplied in the shareholder disclosure RNS' in February for their thoughts?
We have since then, appointed an internal CEO and CFO which demonstrates that the Board think their decision was
correct.
I call into question the judgement of William Rucker and I am
To think the management recently rejected a takeover bid @ 105p...
@Joe Kenny. I hope so mate. Lots of things seem to be down today. Still, it's not to be unexpected really. All businesses are struggling at the moment given the pandemic. The only exceptions of course are food producers and supermarkets, but then, we all know this to be fair.
I don't see much "Sunny side". (No pun intended giving the gorgeous weather) until next year in the travel & leisure sector until next year's trading results start to filter through with each company's take is known.
Personally, I would expect to see good numbers coming in across the board given how there will be
rich pickings to be had considering the pent up spend heading the sector's way over the next 12 months or so as we've all been in lockdown. Hell, I'm even looking to price up our holiday for next year.....
And of course this wonderful weather can't be doing us much harm here, can it?
Joe
In theory yes, I would broadly agree except that City A.M. are currently running a story saying that pubs & supermarkets are in some cases unable to open today due to lack of staff caused by the "pingdemic".
Greene King have been forced to close 33 pubs in the past week and the MD of Iceland has said that for the first time he is being forced to close stores today.
I doubt that MARS has missed this obstacle.
Streaming? Isn't that something to do with fishing? Seriously? You'll be telling me that cassettes are obsolete next. :-)
Seriously? You'll be telling me that cassettes are obsolete next. :-)
The worst is over, I think once MARS begin to make money from full reopening now the SP should begin to return to pre pandemic levels
Trent
CD's are a bit old skool squire, ever heard of streaming ?
Nevertheless, enjoy the weather your end and keep those beers ticking over....
CD? I did mean FD, obviously.
@ Fairdealer.
You're not painting a very pretty picture there mate, but your findings are your findings.
I know that you have been to a couple of different places, and found a very similar pattern at them.
It's a shame that the company is not looking to address these issues. I've mentioned this before, while I do see some merit in the Brain's deal, I still believe that the time and money spent on this would have been better spent on putting our own house in order, rather than looking at propping up a (potentially) ailing business. Personally I would have left them to take their chances with the wolves and scooped up it's remains for a lot less, but still.
@ Barchid & CD
I'm not really too bothered about those that want to post silly things. If that's his thing,that's his thing. Lesson learned with him and am happy to see him going on his jolly way rejoicing.
Enjoy the good weather each.
Just returned from another Business Trip, this time to Eastern England. Stayed at a different Marston's Motel.
The arrival greeting was not the best. Room presentation and cleanlyness was good . Refreshment provisions was meagre ( 2 tea bags, 2 Coffee sachets etc) Premier in my experience leave 4 of everything for double rooms. Was 1st in for Breakfast ( 7.00am) ordered immediately, 2nd Patron arrived in resturuant 5minutes later, ordered same breakfast as me, was served and almost consumed meal before my Full English arrived. At this time, a person, apparently the Manager, was observed to be constantly on the phone. The outside area was well furnished with many tables and seats. Umbrellas shading tables carried a competitor's logo, Heineken. This may be a trivial point to some, but in my opinion is this ending a subliminal message to customers?
An overarching issue which has annoyed me, is having stayed at different Marston locations over the last month or so, this motel is the first to have issued me with a " Free Breakfast" card ( 5 breakfasts and 6th is Free). I asked the waitress if this provision is Universal throughout Marston's Group. Yes was the answer. Clearly not Universal , the Company will be hearing from me. The standard of service is not consistent and one does wonder who is responsible for monitoring? IMO we are a way off providing Facilities of Excellence promised last Autumn.
In general terms and to confirm what barchid has observed, at other venues, the Marston's facility was less than at half capacity both in the pub and motel. Considering it was a hot and sunny Friday evening, footfall was mediocre. Travelling around it is very noticeable how many Pubs are boarded-up and every sign Landlord's have abandoned ship. Some may say this is good for those remaining open, a fair point, however my experience as mentioned does not confirm that belief. One suspects there is a high reluctance on the part of Drinkers to visit Pubs, because of the impact Covid is having on the individual's fears, and they will rather socialise in gardens with friends having bought food and drink from supermarkets. We all know supermarkets sell at considerable discounts leaving suppliers with minimal margins.
Trent, as regards your experience, where you have been very generous with opinions of others, you will have seen and I am sure learnt, that spirit of generousity is wasted and anyone whose opinions and behaviour is so changeable as to question their mental capacity to escape fantasy. Best ignored.
AIMO
Trent
You are quite correct in taking discharger with salt, but might I suggest all the salt in Cheshire as opposed to just a pinch ?
On the hospitality trade front, which is what most of us are here for, I'd arranged a meeting Thursday with some old colleagues in a Davys wine bar, normally very popular in City of London area, they had virtually no food and we were the only people who entered from noon to gone 5pm. They also were low on wine stocks. Three of us took a swift "sniffter" at 11.30 in a pub close by, we doubled the number in that pub for the half hour we were in there for, all in all not a good look for hospitality businesses in central London at present.
Same story in Docklands, pubs less busy than you'd think with this weather but restaurants very busy. The reverse to what I'd expected tbh. Of course London is not the UK & it might be local reasons why this is the case, but staff shortages in ordinary to upper medium grade establishments seem no problem, the very fancy places are short of very well trained staff.
One hopes this will improve & pubs start booming, is it a generational thing I wonder ?
@Barchid.
You're right, normally I tend not to get too involved with silly posters.
That said I did have a read through the link he posted, and for the larger part of the article, it did look like that the majority of it was about our Marstons, that was why I posted the first comment that I did, thinking that I'd jump to his defence (but just a little) but his response to it looked a little like he was criticising me for that, which sent a rush of blood to the head.
Very out of character to blow a fuse the way I did perhaps, but at least I now know to take him with a pinch of salt going forward.
All the best mate. Cheers :-)
Trent
Very unlike you to take offence with posters but your comments on braggers is spot on ! Many here have similar opinions.
However you are also someone who is generally meticulous with facts, please look at the motley fool article again and you will see superdischarger is trying his usual double two step to confuse people ! Not for the first time on this board for sure....
The fool article is in 2 parts, the 1st being a synopsis on MARS with the writers summation of "he would like to see some evidence (of debt reduction) before he dips his toe in". Not quite what he'd say for a raving buy is it ?
Then read on about the tech stock that was suggested, "since 2016" that is a totally different stock, the name of which is only revealed to you if you sign up for it to one of MF's offers.
Clearly this is not MARS, almost certainly a Nasdaq stock, but whizzline, to his/her credit, picked that up straight away.
This is a classic example of discharger and accuracy being mutually allergic.
Have a good weekend in the decent weather & knock back a few of your favourite bevvy's whilst the sun is still out !
Lets hope the market reaction maintains its positivity next week.
Boys grow up and accept everyone has different views. That’s what make our country great. Alternative is North Korea!!!!
My suggestion is strong buy . As many who know how the markets work can see :- Pubs opening Monday. Takings will be very much up on last year (this does not take a genius to work out) and with the warm weather shareholders (yes those who actually own shares) will start to see next week some very positive returns and growth.
It is also good to see some very positive comments from other shareholders on here. Keep'em coming.
You know, from experience, I generally find that those that brag about how much money they have got are often the same kind of people that buy themselves really huge massive "Sherpa Tank" kind of cars despite living alone, or living in their house with one other person at most. Generally, this implys that they are compensating for other inadequacies.
Can you work out where I'm going with this, or do you need some crayons and a piece of paper?
Great weather is also going to make a huge difference and this weekend its going to be hot.
@ Supercharger.
Pay a guy a compliment and he spits it right back at you, with Peasant class insults. Well, lesson learned. It won't happen again.