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YoYoMa
Yes, I agree, really rather sad, especially the midnight rambling....
or maybe non binary became binary either way they're a 2 in my eyes..............
There is something even more peculiar, the tinder lady joined lse on 15 May 2020 and has made very few, 3 or 4, posts in the last month.
Now the 777 (I believe they use Trent engines from RR, not the aforementioned 211's) joined lse on 15 May 2021.
Maybe the nom de plume changes each birthday ?
Note both have gone from "Strong Buy" to "No Opinion". Coincidence????
I've set my alarm for 4am to see what it feels like to get up for a quick keyboard warrior session...... I may press snooze like I do with all the ramblings of SuperDischarger and his one man mission to take a dogecoin to the moon.
FD
Well they both post at nocturnal hours, we did have something similar with the user of Tinder a few months ago if you recall ?
I wonder what the next topic might be, given his revelation that he used to work at Lloyds I suggest asbestosis could be a likely ramble ?
barchid, could they be one and the same person?
Thanks for the pointers
I'm watching Melrose
And heavily invested in RR
Great minds and all that
Be good
The Jimbo
Far be it for me to interrupt the rivetting news re RR & Melrose on the Marstons board but it could be more relevant to investors to know that at 1pm the FT reported that the average volume in MARS was already exceeding the daily average by 60.8%, which I realise is not half as interesting to learn that RB211 engines burn fossil fuels, but it might be relevant to genuine investors in Marstons as opposed to our "Midnight Rambler" and his fantasies.
Both in the Aviation industry. RR when I was at Lloyds working with the Aviation Industry found them to be the most reliable Jet engine and of preference to most Countries airlines (with money). They are/were also the largest service provider for all jet engines across the world using their own service centres to service not only their own but almost all other jet engines too and would have accounted for maybe 80% servicing of all commercial jets in the World. When more get flying definitely one to watch. Melrose too are heavily employed in the AVN Industry as well as now owning GKN who produce the power units for a large no. of elect.cars aswell as motor industry and avn industry -so worth keeping an eye on too. I also hold both. R-R also have in progress new local mini nuclear power stations on offer that could go to local communities where more electric power is required. Allegedly more environmentally friendly than the old RB211 fossil fuel burning rigs, and might become a necessity the way the world is going for electric! Good luck!
Thanks Barchid. I'm looking forward to it. The same as many others, we've barely been out of the house for the past 12+ months beyond going to the supermarket etc.
I was bloody close to putting a suit on to take the sod*ing bins out.
Our youngest lad knows nothing about it yet, we're gonna see how long it takes him to work out where we're going when we get off.
Trent
Enjoy your trip !
Hopefully weather is starting to improve soon too.
To see our friends in The Midlands all sorted.
We'll be making our way off to The Glassworks for our Sunday lunch (and a few scoops of the good stuff) while we are there.
Had to stay at a Premier Inn, but they do serve a good drop of chilled Hobgoblin Gold on draft.
The things I do to help our shares. I hope my efforts are appreciated :-) :-):-).
OK interweb people
In the interests of 'full disclosure' I have set a purchase order
Looking for a small retrace...if you could oblige me please that would be nice...otherwise I have probably missed this entry point
Kind regards
Prostetnic Vogon Jeltz ( Jimbob ) the Jimster
Supercharger
Yes I like CpG too
Thank you for your thoughts on pub trade recovery
Kind regards
Jim
Will think on it
If we have 1500 from June, say even 700 open now. Say on avge 25 customers a day (most likely far more). £25 spent? 25 x 25 x 700 = say 437,500 takings a day, that will double from June.
Even Ralph F - reported recently that many pubs have reported in with increased sales on what they even anticipated so once Holiday makers work out that there are some great places to holiday in the Uk the summer should this year be far better than most with an increased client base. With good weather coming from the end of next week the next qtrs figures should make far better reading.
I have holdings also in Compass and Whitbread to make the most of any further unlocking from July.
Yep...thanks for your replies so far....appreciated
I personally have ethical issues with 'shorters' can't accept making money to bring stock down is a nice way to be
My attitude is...pile in on a trough to level it out a bit and stop a crash...gracefully pull out again on a rise...leaving it to others to make long term profits
Where I am on Marstons is that I worry about the balance sheet...and thats fundamental to all types of trading
But
I really like the brand for lots of reasons
The biggest being that it is visible at the supermarkets
Thats it for today...enjoy whats left of the weekendy end
Kind regards
Jimbo
Good points sharperite.
It is good to see some more positive points from someone willing to invest like me in Mars. I regret there are two of three on here who probably work from the same address trying to pull down this share so they have either shorted or have sold off and want a lower entry point. Not worth listening to unless you look at it like I do now they actually work for me!
Your words are true and what anyone normal would expect. I can see what with the weather we have been having of late which lets face it has been over cast for too long will soon change for the better, and Marstons always do better in a nice hot summer! Lots to look forward to here. Many analysts have said recently they expect this share once it gets up and running to be a £1.60 share perhaps £2. So I am topping up on the falls. I suppose I should be thanking the three negative amigo's really as last year they made me a fortune. Good luck.
777Jimster, some excellent points shading to the negative on most but true none the less, as an alternative point of view I would suggest the following, 1) Pubs now open and trading and it is down to the competance of the landlord/tennant/manager to grow the business in conjunction with Marstons. 2) In house entertainment in the form of the Euros, Test matches, Wimbledon, etc will attract a solid audience. What is to stop local pubs having more live entertainment as well ? 3) Price structure has increased and as long as it does not overprice itself and keeps at a reasonable level then people will use the facilities. 4) Food is generally acceptable and again reasonably priced which attracts families 5)Accomodation will play an increasingly larger part in the fortunes of Marstons and as yet is a partly unknown yet a positive
My perception is that Marsto ns will be around £1.10 by October given a reasonably decent summer which if correct gives a return on the prescent price of 22o/o not withstanding any dividends ( which I do not expect! For me a BUY FOR THE SHORT TO MEDIUM TERM.
Fairdealer
Appreciate your well structured thoughts
As you surmise I like to trade but only pick companies with a decent expectation of a long term future
I have been in and out here a few times recently... And like marstons
Despite the points we have discussed I will come back in at a suitable entry point
Kind regards
Jim
Jimster, looks as though you have answered your own question.
Your investment strategy is not clear but suspect you like to trade.
Long term Investors will be a little more circumspect in their evaluation of the company's future prospects.
The debt as you observe is is a big issue. How the company is going to reduce significantly by 2024 is a hard target to achieve. It is possible by 2024 our 40% holding in CMBC will be Zilch and the resultant consideration will help reduce debt.
Recent history does not add confidence. The JV proceeds have not reduced debt as much as expected.
Supermarket sales have helped cash flow, however margins through these retailers are wafer thin.
The biggest asset now is the Pub/Hospitality Estate, which will be revalued in July. That valuation may be a God-send,.
We will see a huge increase in footfall these next 6 months, the unknown is will it last?
Some of us here will remember the SP at 125-130p when a 6+% div. was payed. It is going to be a long time before a return to Dividend.
Unlike other company's within the sector, MARS went into the Pandemic with big debts. Fullers bolstered their finances and are moving into High Quality Accomodation. Whitbread raised £1billion last summer to see them through this disaster. Even M&B raised funds recently. Apart from selling the Brewery and raising cash, MARS have invested in a Welsh Estate, basically as a Tenant. The wisdom of this move is yet to be seen. What we do know , Brain's, a Long established Company were in trouble and could not make a go of it. It is interesting to note Mars have their own Welsh Estate and yet savings which could be achieved incorporating the Brains Pubs, is not being done. There is an overlap of Managers serving both Estates.
If a Trader, there are one or 2 here who you will spot, the dips and rises will probably suit your strategy.
As with all stock investments, never invest more than you are prepared to lose.
AIMO, DYOR, GLA
Hello again Marston People
Heres to hoping that everyon continues well
Looking for an entry point here....opinions ( of all persuasions ) appreciated
And likely to bring some of my colleagues with me if the prognosis is upbeat :)
issues:
1. Massive debt
No getting away from the fundamentals I'm afraid
How long can the company last with current cash burn ?
Context ( medium-turn ) buy/hold scenario
2. Pub trade
My opinion is that pubs are kindah done now...pricing themselves out of the beer swilling market...my generation don't bother anymore...and young people don't drink Marstons ?
3. Supermarkets have been propping Marstons up...and don't see any reason that should change ?
Why do you think the balance sheets would change dramatically in the near - medium future ?
OK thats it and appreciate any input that is ((( informative ) u ( entertaining u ( humourous ))) n ( offensive ))
Kind regards
The Jimster
@ Barchid
As you say, its still early doors yet. I know that a lot of pubs are doing well with people heading to the pub on their days off and after work etc.
With the 1st weekend of being able to go inside the pub coming up, I rather fancy that all pubs (ours and everyone else's) are going to get battered over the weekend. Happy days.
I have been out eating and drinking in the north east the pub trade is well up and people spending big
Peltata
As you know from previous posts I live in Docklands and definitely the restaurants which have reopened are not as busy as I thought they'd be in the first week of starting up again.
Pubs busy but not like last autumn just before they closed again, and tourists are an endangered species at present.
Still early days yet but nothing like it was in "eat out to help out" times.