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It is sinking even more than I had expected. The Euro Cup Euphoria was short lived
You called 70’s so your accidental typo of 60’s, I wouldn’t be at all surprised sir!
70's rather!!
I thought the writing was on the wall after the Brains acquisition , didn't see that as a good move!...but of course this Delta variant has caused this recent collapse in the SP. I sold out at 94p, which I was fortunate to do.
Would I buy back in now that it's into the 60's?...
No.
Pasty called it and here it is, in the 70’s
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
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.
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
Unless the Tories legalise weed, then the only drug that can be consumed in the UK is alcohol.
Marston's are in a great position, just a waiting game, a mater of when not if.
And I'm settling down to a tinny of hobgoblin
And its only a Tuesday !!!
What does that tell you ?
Should boost the share price at least
Your comment is fair enough Trent...I don't think they should have acted so quickly...but it is good to know that Marstons will be able to make such moves...if and when they decide to ?
Which I think was actually Claires point
Kind Regards
The Tinster ( see what I did there ? )
@Clairesmith.
I'm not convinced that buying more pubs would be a good idea at this time. Although I can see some merit in the Brain's deal, I'm not 100% convinced that it was all that bright or shrewd move to be fair. If Fairdealer's theory on this subject is correct,had it been me, I would have been more inclined to leave the company to it's demise and picked it up for next to nothing, and spend the saved money on doing them up.
On the flip side of that,I'd say that Marston's need to conserve as much cash as it can for now,and concentrate more on bringing down it's debt mountain.
Youve got it Claire...I'm with you on this
My response to the rest is straight forward
If you are on your knees there are two possbile strategies
1. Stay down
2. Get back up
Martons is a 'get back up again' kindah deal
I think Mars has the resources to survive ( after a close scrutiny of accounts )
The rest may well go under...I hope not...but thats the reality of things
Kind Regards
The Jim