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Yes Fd I saw the presentation. The hq move seemed strange to me when I heard. but was in local press (express & star) last year. The current hq is quite modern and I recall alot was spent on it. Marstons are moving to an old building just down the road from the brewery site. Apparently there will be staff training facilities there as well, brings them under one roof. Whether they are getting some help from the council to help renovate the site, don,t know.. surprised it was not mentioned in the presentation.
wolf....did you see or attend the presentation? Correct me if wrong but assume Carlsberg are kicking their partner out of the Brewery building in Wolverhampton. Is it being done by stealth or is there a 3rd party involved? It seems rather mysterious.
Interesting meeting..
So, No divy from CMBC for 2022.
In W,ton, they are being kicked out of the expensively renovated HQ on the now CMBC brewery site and are paying to renovate an old building just up the road.. who is paying for that ?
Thanks fairdealer 20 Great summary.
dannatt, always beleived Carlsberg will eventually have 100% ownership of the Brewery, they have track record.
Separating Pubs from Motels will not be easy. Not sure Pubs have the attraction they did 10 years ago...overheads etc are a killer. The Motels certainly have attractions. Having stayed at both Marstons and Premier, Whitbread do have a better focus on customers, staff are better trained and from my experience more helpful. Get the impression Marstons staff are over worked and consequently can be a little more stressed. If Premier were interested ( they do have a significant War-chest), they will likely Cherry-pick and only in locations where motels are not in competition.
Apart from Debt, the Brain's deal could be a bear-trap for any potential suitor. Why MARS took on a run-down estate beggars belief.
The Platinum offer ( 107p), which could have been increased, would have been good for majority of Shareholders, regretably it was not put to PI's, for reasons best known to Ralph Findlay.
Today's presentation will be interesting if only to establish the true mind-set of the Executive.
I think another takeover could be on the cards or shake up. Carlsberg take the brewing arm. Wetherspoons the pubs and premier inn the hotels. what do people think !!
WW succinctly put. At the time of the Carlsberg deal, I suggested the company begin to re-invent itself. The Brewery, our Crown Jewels, was/is far less labour intensive than the hospitality arm. Staffing for many Businesses has become a serious resource issue, working from home has not helped, and then patrons get the experience Barchid related a few days ago. The Chairman's purchase last week does give a level of confidence, but then maybe he considers a total loss here is unlikely whereas to buy another Racehorse could be exactly that. When you have money to burn it is neither here nor there where is is invested.
The investor presentation "could" be paving the way for some unexpected news!
Jefferies ( are they a Broker?) have downgraded target price to 50p.
The City is not confident.
Many of us came here on Dividend yield, now that has disappeared any restoration is a way off.
Don.t think an Investors day will help here unless they announce the BOD is resigning.
Bad debt (and still spending on a new HQ) breweries sold cheaply, strange deal with Brains, refused to consider a good offer to sell at over a quid, then the CEO leaves…Sp falling off a cliff, no intention to pay a divy any time soon.. Brokers today are clearly telling the company how the market feels about it.. no confidence. Who is going trust this lot to steer the company to better times with their money?. Unfortunately I did….
Looking forward to the shareholders/investors meeting tomorrow. Returning to profits no doubt will be the focus, which could have been a lot more if our Welsh friends had come out of lockdown at the same time as England. However I wonder if there is going to be any other more recent interesting news coming? Understand home beer sales have been doing rather well recently too -perhaps our European friends will be there too to advise and update on the beer consolidation and brewery production?