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I'm a bit concerned that the current valuation is based on speculation [of a potential takeover] rather than sound fundamentals.
It is in my interest for this to rise as much as possible so I wouldn't like to see it well below 250p again.
Same This end !!!!
The market always moves in an advance of reality . However by mid year in the U.K. it is going to be spend, spend spend as per today’s press . The Treasury have estimated those in jobs ( most of us ) have saved £120bn while staying at home for a year . I for one will be going out 7 days a week when allowed. They need to open the pubs soon to stop me becoming an alcoholic ! Cheers .
Presumably it's the stellar trading update we are expecting :-)
I bought marstons/weatherspoons/M&BYoung & co in June 2020 but I missed CPC. Thanks I iwll look. Unfortunately I invested 2000 only across these 4
The demand to eat out and visit the pub is huge, people in work have accumulated extra savings and so are likely to spend more and more often than usual on hospitality and M&B is very well placed to capitalise. Looks to be heading back to pre pandemic £4. Have a look at CPC a premium pub chain whose share price is rising even quicker than M&B
Any one have any idea why these shares are going this high even though UK is under lockdown ( as far as I heard). Will it reach 4 or fall immediately?
I'm pleasantly surprised, of course as my remaining shares are over 70% up.
But how high can this realistically go in the current rally?
Last summer when pubs were allowed to open, this was struggling to stay above 180p and, indeed, fell well below 150p at one point. I added more share at that point but it was obvious that far too many were selling and will probably regret it now.
I'm tempted to take more profits but can still see a long-term value so holding on for now.
cant understand this share? t/o rumours are pushing it up must be due a fall to a realistic sub 2.50 in this stage of the hospitality industry due to pandemic.
Joe Kenny - Your halfway to 25% in 2 days ??
In my opinion there will be a rights issue . It makes sense probably priced at around 200p . This is a very tightly held stock with Piedmont (joe Lewis ) and Elpida (McManus and magnier ) holding over 50percent between them . With an rights issue the company would be able to beef up the balance sheet paying off the operating debt taken on to get through COVID and maybe raise some additional funds for acquisitions. For private equity to take this company private they would need to pay a big premium because of the two shareholders mentioned plus a couple of other close associates who have very deep pockets and will not let this go on the cheap . My opinion
Bankboy - Although the share price does seem to be high on good sentiment in the sector because of the potential takeover of marstons and the li ka shing takeover of greene king in 2019 . The highest price Mitchell’s has been was in the height of the 2006-07 boom when the price got to near 900 p a share on the back of the potential property deal with Robert tcheguiz where they were going to split the company Into an opco and propco so 400p is not the highest this stock has been . My opinion
Doubt a rights issue or fund raising exercise, thinking they will just raise the 200/300M in the debt swap, so maybe won't dilute shareholders, they will keep this in the 300/350 price range for next 12 months.
It's a ramp, take a look at 20 years share graph, high before Covid was 4 quid.
They have their eyes on that 50m per Q interest payment, fund that for 0% with private monies
About time the bods make an RNS for price increase , the CEO looks a bit shifty
While I have decided to hold on to my remaining shares, the current valuation is surprising in a sense that a few weeks ago MAB was looking to raise cash in order to survive the current lockdown. Also, Marstons valuation is rather high taking into account the current climate.
Whilst I've always believed that this would substantially increase once things get back to normal, pubs are likely to be closed for months. Does someone know something that we don't?
Agree with you totally ! Also got out at 250
Can’t win em all tho
Gutted I came out at £2.50, but I can’t fathom this pricing. It’s all speculation and assumes a March/April back to normal event.
This has more chance of a downside for a delay in opening / Winter lockdown IMO vs the potential back to normal upside.
Agree Carnival / Airlines / RR / Cinemas / restaurants have upside potential. This seems to have bucked the trend and performed way about anything similar in the leisure of industry. On no news.
I don't think its too late at all, you could still easily make 25% here. Loads of recovery stocks still to play for, like MARS, IAG, GYM, EZY, even RBG is a good punt.
Absolute rubbish if things go to plan fully open from 12th April not sure where you got July from??
I understand from pub peeps, they have had the the heads up from government, they will be allowed to open up outside trade from July 1st, .
M&B is too expensive to add now, bearing in mind its historic volatile nature. Long-term (post COVID) it should rise, however.
There are still some opportunities out there. Aviva and Lloyds look cheap to me.
I bought back in on Monday based on momentum, I was almost put off by the doubters on here but glad I didn't.
Hope it goes better than last time, I bought at £3.51, it went as high as £4.24 but I ended up selling at £1.63.
I just cant believe I didnt take advantage when it was a pound less just a few weeks ago. I think this is more to do with vaccine progress momentum, seeing it across most leisure stocks now
This has to be due to a takeover bid in the offing. It's bucking the trend. All outlets are closed for goodness sake. Ah well watch and wait, I'm an M&B pensioner!
Perhaps consider taking some profits but don't sell them all.
I sold 25% of my holding too early but with a decent profit.
Did someone say that M&B is a takeover target? If so, who is looking to buy them?