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55s are here now Shazaboo. Just hold on to you will be okay :)
Not a bad recovery I guess
Where's the 50s jtyson?
Jtyson, get ready to lose all your money :).
Yeh back up for sure, France opening pubs is a sign of things to come. Imo
Wow did you buy a lot shazabo? It's okay it will go back up , keep calm ;)
Only that lse has reported the value wrong, it should have been £1,439,623.7325 . They had the volume correct. It bodes well that a lot of shares were snapped up in the closing auction as long as it isn't just to fliup them.
Excuse my ignorance, is an uncrossing trade of £1m at 16:40:12 anything to get excited about?
Shocking that a SP goes down and not only up?!!
Very true i u are not able to wait and be patient.
If no patience then I would get out ASAP..
Slowly heading back down to 50s.... Shocking!
Very flat today. If they spring the interim results on us tomorrow morning this could fly.. or drop depending on how good the results are :-)
Another little uptick to start proceedings today?
@ fairdealer, perhaps so Marston's should be giving guidance for those landlords that are directly employed the company. That's a reasonable enough assesment, as Marston's are paying them directly out of their own finances, so what they say goes in that respect.
On the other hand, those self employed franchisees will not be getting paid by the company. Maybe they are getting something from the furlough scheme, I don't know. That said If there is a way for those self employed landlords to earn a bit of extra cash for themselves by doing this would surely be a good idea.
trent that is a fair point, however and depending on a Franchisees agreement, it would be unusual to allow more than a certain% of beer to come from other sources, i.e Guest beers.
That said isn't it reasonable to expect Marstons to give some guidance to it'e outlets in order to maximize sales?
adg
Well it wasn't wrong to cut my holding back at the time, so if you think it is an odd thing to do, ie visiting companies you invest in, afraid to say I view it as part of DYOR
@fairdealer that was for. D'oh
@tiebreaker I'm guessing of course, but if there are self employed franchisee landlords that are simply tied to Marston's for stock, would that not entitle them to use their discretion and possibly conducting take away or "dial out" for delivery of beers, possibly food?
If that is the case I wonder why there are those that have not done so?
London tends to be a different market too the rest of the Country. Marstons have a smaller exposure in the South East than some Brewing groups.
The quality and consistency of food and service does vary from location to location. I have on occasions made comments to HQ ( Wolverhampton) where standards have fallen below what customers are entitled to expect.
It should be of concern to read Leppington's experience that the company have not issued guidance to Landlords of how they can operate given the restrictions.
It would be good to hear from other Landlords to know their experience?
Barchid, a trial of food in pubs is the reason you cut your holding? ever been to a JDW and eaten? Not sure where you live but in London, erm its not gourmet, but in summer the pubs are packed, both in the city and suburbs.. a whiff of heat and the booze flys.
Hold and buy if you ask me. Some good upside here to come. Any whiff of a confimed outside area re opening or indeed the gvt mentioning we are at level 3 not 4 will
Send this north imho, silly to sell now dyor
I think as the summer months keep coming with the good weather we will see a nice decline in COVID. Hopefully pubs and other hospitality establishments should start to reopen. I am hoping for a good amount of relaxation for the August BH. I'd be very cautious towards the back of Sep. If we see a cooler September and then as October comes around we may find a rise in COVID again which will trash the SP.
Overall: Weak buy or hold for now - anticipate a good rise on the already nice SP as the virus diminishes and pubs start to reopen. Then sell or hold at your own risk into the winter and hope we don't get a resurgence of the virus. If it does come back and we go back into lockdown - we can always buy back in at a sweet low SP (not that I'd wish that on humanity of course - I hope its over soon and our lives return to normality with healthier portfolios!)
Sorry, *Barchid*!
Bar hold, Admiral or New River will be very interested in their tenanted and leased estate, which if Marston’s want to focus on Retail (I.e Their managed and franchise style pubs), would be a good option.
fairdealer
A very reasonable summation of the position
I would go a little further in that the jewel (brewing) has been sold off to support the pub estate. Personally I would have preferred it the other way round but then who wants a string of often scruffy and run down boozers ? I think a lot of new shareholders posting on this board should apply for the "privileged" card available (or was until recently) to shareholders, it does not lower the price of drinks but it does of food. Then they do a bit of cut price dyor to see what they think of the food.
I did and after a few visits I cut my holding sharply, there is really little consistency in the various offers other than for various reasons they go into the "don't return" column !
In short they are/were a great brewer but not a great publican, imho.
A lot of buys in the 62.6 range. Paid off for them already