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I love King Crimson...thanks guys...I can remember quite a bit about things back then :)
Anyway
ha ha...fair enough
I have enjoyed the exchange...but as you prob realise no one ever wins these things :)
And I am very good at this type of thing...put it down to a misspent youth...and was a bit bored at the time I started this current exchange
However
As this is a recent alias the following information does not appear in my history
Consider it a courtesy to you both that I would like to state the following:
1. My interweb trading history extends back over 25 years...I am still in it...having won and lost...currently winning
2. I have been in and out of MARS many times over the last few years...along with a number of my colleagues...I do not speak for them of course...but Internet Trading is into new territory now...and I am keeping up
3. I am using a new alias...we have met before...chuckle
4. I do in fact...value you and your colleagues contributions
5. The people that should irritate you...are the shorters ( in the correct meaning of the word )...de-ramping a stock to make money out of loss seems to lack ethics to me
6. Day trading ( and I am not really a day trader ) has the positive effect of smoothing out the prices in the trenches...and graceful exist strategies work in the favour of long-term holders
7. If in fact you do find my comments irritating...thats fine...just filter me...otherwise lets see if we can help each other ?
Thats it
Kind Regards as always
The Original Jimster
Fairdealer
I fear the poster whose name rhymes with Tesla (a clone perhaps ?) is a fine example of the old proverb "empty vessels make the most noise".
WRT his shrink I fear King Crimson beat the shrink to it with their 21st Century Schizoid Man, which sums him up a treat.
I did promise him to keep it comedic but he does it for me.
As always Jimster, No Substance, even the elusive assumptions are a mystery. Bet your shrink has fun trying to unravel your algorythms.
Confucius say Arrogance makes Stupidity.
Hope your chickens come home to roost, assuming they are not shot first!!!
Reading
Ritin
Rifmatic
Is uncomprehedible a word ?
Anyone ?
Sorry to good to miss
So long and thanks for all the fish
The jokester
Ha ha fairdealer...very droll
So...the full honorific is 'the original jimster' but you should address me as Mr. Jimster or even tin- head if you choose ?
Many assumptions there about me that are incorrect... Anyway
No
I responded as a courtesy to your math problem as presented...ha ha...and ignored the false premise...offering just one of many solutions... In an attempt to humor you...I notice from your response that you similarly have problems with addition ?
If you would like I will loan you my cybernetic entity to assist ?
As to mars
I have stated my own views several times in the past ( not my first time ) and see no need to get into a contest with you now ?
As to my trading techniques... No secrets there either... Like I said...live ammo...and well discussed elsewhere... What about you ?
This has been a semi-pleasant digression... Have fun
Kind acknowledgements
The original jimster
Jimster, thanks for the rather uncomprehendable reply. It should be a requirement to post, " a subscriber is mathematically literate". Do you agree?
Can we take it you consider cash-burn is responsible for the missing £140m. Hell considering the 1/2 yr accounts disclosed the loss and using your view, the company has been burning cash at the rate of circa £10m/week. Using your analogy, the company is in deeper trouble than anyone knows. Please do not become an Accountant as your clients will end up in Carey Street. Did you find that amusing?
Your agenda is crystal clear and unlike the many LTH who want to see consistent growth and reduction of debt to enable a return to the dividend list. Johnie come lately's are 2 a penny on these boards . They shuffle numbers in an obscure way only a bent croupier could understand.
Seems the board has lost one super-ramper only to gain another.
Never gamble more than you are prepared to lose.
Hope this helps otherwise return to the abacus as numbers appear to confuse you.
Fair dealer
Confused... Having done you the courtesy of considering your question posited on its merits... I have in hand 28 million... I don't quite see your point ? Are you suggesting remedial math is a requirement to post here ?
Mmmm....not sure about your agenda ? Mine should be obvious though right ?
Loosing interest in this discussion
Jim
Ha ha very good fair dealer...you want me to be more diligent checking the box ?
OK just for you...I'm encouraging you to buy :)
As to student of accounts... Your words not mine..
Your question is based on a false premise...ha ha...but as a general comment the cash burn is well publicised... I'm thinking mars will survive because of the brand...what about you ?
I'm playing with live ammo here and thinking my money is as good as anyone else's...you don't have sense of humour ?
Get over it and live a little
Kind regards the jimster
Reading posts the last few days was beginning to think John Cleese was penning another episode of Fawlty Towers. Newbie, Jimster, seems uncertain what opinions to give for his stocks. One minute " No Opinion" next " strong buy".
Enough of the hilarity although this could be a riddle. Jimster as a student of Marston's accounts can you solve this one?
The company recieved £ 235m from Carlsberg last October and yet debt has only reduced by £95m. Where do you think the remainder has gone?
CMBC have now been in operation more than 7 months, when can we expect an interim report? This would give us a real handle on how Brewery Sales have held up/are recovering. Any ideas?
Autonomos Cybernetic Legal Entity Acting For The Jimster
Start
Pop 5000 shares at 91.141
End
Hey Barchid
I thought we agreed that humour was more your line ?
If you must stick with these patronising history lessons don't empower him everyone
We are all capable of reading
I would like to point out again...the point that seems to 'elude you' is your 'naive' take on beer drinking...ask around...'it might enlighten you' ?
I'm sticking with
Marstons beer tastes nice...ha ha
Have a good day everyone
The Jimster
Some food for thought barchild, and you make some good discussion points. Good thing this only represents a small percentage of my portfolio. But I'm still mid term bullish.
Claire
The point that appears to elude you is that we are now a very junior partner in the brewery and a 100% owner of a rather disparate estate of decent to pretty low level premises.
Carlsberg are indeed impressive owners, but not if you are under 50% owners as we are as was Kronenbourg, Holsten Baltika & Bosman etc as examples.
Are you naive enough to think the Danes like us enough to treat us differently ?
Marstons has some good premises and some pretty poor ones, I've done the rounds of a few and there is zero equivalence between them. Pitcher & Piano, Cornhill London, is in their upper league, read the google reviews on them, it might enlighten you.
Can they improve their standards, of course, but it takes time to change perceptions.
Can they make much from selling on Amazon, I guess you know that answer.
Ditto Tesco etc....
Findlay seriously outlived his time at the top, we shareholders need to look to make our premises better & within the constraints of our banking covenants, imho.
Remember that Marstons also are part of a very powerful partnership with a massive portfolio:
Carlsberg Danish Pilsner, Carlsberg Expørt and Poretti; premium cask and packaged ales, including 61 Deep, Hobgoblin, Marston’s Pedigree, Tetley’s and Wainwright; brands under license including San Miguel, Mahou, Estrella Damm, Shipyard, Erdinger, Warsteiner and Kirin; a broad selection of alcohol-free beers; plus distribution of the Brooklyn Brewery and London Fields Brewery craft portfolios.
CMBC also owns and operates a brewery and distribution network across the UK, including the Carlsberg brewery in Northampton; London Fields in Hackney; Marston’s in Burton upon Trent; Banks’s in Wolverhampton; Wychwood in Witney, Oxfordshire; Jennings in ****ermouth, Cumbria; Ringwood in Hampshire; and Eagle in Bedford; plus a National Distribution Centre in Northampton and 11 UK-wide distribution depots.
I couldn't agree with you more, YoYoma. Yes, Marstons do have their issues. And some big ones. We all know this. They've made some very peculiar decision of late too. (With the Brains deal).
As I've openly said on here, I can see some merit in why they have done it, (to gain exposure in an area where we are under represented as a brand) . But the way they have gone about it is, to my mind, strange to say the least.
I just don't see the sp going that low.
Can you provide any decent research on to how you think this figure can be true? I guess not you deramp this with a very poor statement of 70's round the corner.....
I very much doubt this will even see less than mid 80's, the current extension is not even a contributing factor to the sector, if businesses can survive the extra 4 weeks then they're already sinking. A watched a nightclub owner on TV bleating about this is the final nail in the coffin for his industry....... surely the past 18months would of put pay to that not the 4 weeks. Marstons will survive and will creep up on time, with big changes around their catering vendor mgmt and family focus objectives I think we'll all do well here.
@ Barchid.
Yes, I concur with your thoughts. I'm not convinced we are best places for further expansion.
We have too much outstanding debt to contend with for one, and with an estate of 1000 plus pubs we are reasonably well represented.
Given Fairdealer's (I think) report on one of the places he stayed at, I would prefer the Company to use any free money they have in investing in sprucing up the ones that need it and raising the standard of our offering. That said, the couple of Marstons pubs I have been in, (The Glassworks
& The Greenfinch near our home) have both been more than agreeable.
Seems Staffing is the Problem if anyone was watching channel 4 news this evening.
When we getting a discount card again so I do the Carvery cheaper
Arachnid
;)
All good
The original jimster
Diaryman
You do indeed give me every reason to stick with the humour, how could I not with your posts?
If 70p a share around the corner I will be filling my boots
Statement
Pubs have priced themselves out of the market
Supermarkets are where the battle will be won or lost
I like Marston's beer...it tastes nice
End
Barchid
Ha ha...you have a flair for the comedic
However
I notice in our brief crossover on this board that you have consistently treated my contributions with distain.... Mmmm...I have ignored your jibes for a while...but I admit you are beginning to irritate me
You cannot control a public forum and in fact you don't know anything about me
Please desist in misrepresenting my views
I would prefer you stick with the humour
Kind regards
( for the meanwhile )
The tinster
Trent
I can only agree with you re the pubs, I note that some posters are whooping with joy at the prospect of enlarging our estate on the cheap but given we recently had to plead with the banks twice or three times to vary our banking covenants I wonder where the "whoopee crowd" think the cash will come from to buy these bargains?
I also note that one of this group has made a "close scrutiny of the accounts" yet is unable to scrutinise the calendar to see which day of the week we are in ! You just can not make this up.
From my scrutiny of the accounts without a bid on the table we either have a rights issue or have to sell off the 40% of the breweries which we still own before we buy new cheap premises. I think neither of those options are not going to be good for the SP.
Still, all to their own eh ?
Interesting point Claire...and I notice having re-read my last post...that in fact it is Monday...I must have had more than I thought :)
Anyway
Yes I was only thinking the other day...that historically alcahol consuption goes up in a disaster
Eg. The Gin Act of 1751
Enjoy the sunny sunshine everyone
The Tinster