The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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A share transaction tax would hit hedge funds and high frequency trading? Unless there is a loophole, so I guess they’ll be a loophole! With us PIs getting clobbered as usual.
Having seen 1st hand what tends to happen is the first few thousand hectolitres will be at a nominal Tax rate and then a taper comes into play. This is done in order to protect small craft brewers whose overheads are proportionately higher than the big breweries. Not sure I can share your almost total confidence.
Sunak will have to address the massive deficit at some stage, not necessarily next week although, and there have been rumblings, some less painful to the general public, the imposition of a share transaction tax. The Chancellor already has a captive market with the 100's thousands of new investors who have arrived in the last 12 months. Just think about the revenue that can be made from the "casino users"!!
Its circular flow economics and its something that epitomises the whole financial ethos of the conservatives - get people to spend money at the expense of the govt., to make more money back for the govt. in the longer term (which is why the treasury is always better under a Cons govt. than a Labour one since Labour/socialist ethos = raise money by raising taxes). Sunak is highly likely to cut tariffs or introduce things (like we've seen with eat out to help out) to get people to spend money and get the economy going.
I am 99% sure that beer tax will be cut and MARS, MAB ect. will prosper as a result of this in the coming year
Always strong lobbying to get Alcohol tax reduced. There are unique circumstances, however Sunak does not have a bottomless pit. The suspicion Corporation Tax will be hiked will hurt every Company
Government to cut beer tax to help pubs, this will be a great boost to the SP (would post an article but there's plenty online)
You will be a tad worse for wear then!!!!! Thoroughly deserved after this wait!
Going forward, a question for you guys?
With the fleet of breweries in the CMBC, Eagle brewery has a massive site and large brewing capacity, storage. Now with the impact COVID has had damaging profit etc, would it not make sense now Carlberg hold the larger hand to close down the landlocked smaller breweries such as Ringwood and Jennings? Eagle were knocking out 70 brews a week when brewing red stripe, cobra and the wells brews amongst other contract beers, now only doing 10-15 a week. Selling the smaller breweries/business off would help recoup lost earnings and would not lose out any production capacity, to me it’s a no brainer!
Yeah its not going to be long now until that £1 resistance is hit, look at the facts.
- COVID cases and deaths falling nationwide.
- 19 million vaccinated.
- Opening dates (agreed)
- No curfew or meals required when pubs re-open.
- Furlough extended
GLA - See you in the beer garden !
A bit too early to state that.
The share price remains below 105p and we could have had 105p risk free on 29 January.
Highlights that they were right to reject the 105p offer. Alert level has just dropped in the UK from level 5 to level 4. Positive momentum behind MARS....
I was hoping for the same short term, but I'll doubt you'll get that now, think this will just steadily incline now well into next year (there maybe some opportunities to buy in low when the next report is released as I doubt the figures will be good)
Anticipation of some level of normality resuming would be my guess.
Why the spike today? Find this share’s movement hard to read. Looking for low 90’s entry point.
Second job buy a pint for everyone in the pub to push our share price up... it s my birthday on the day the pubs open so happy days
Agree ... i like NRR, MARS for recovery ... still researching MAB, but you may well be right
Personally as one of the survivors, with the post vaccine roaring 2020s beckoning, I think MARS and MAB could see highs not seen since the 2000s
Mars is a good play on pub re-opening ... also look at NewRiver (NRR) who is lagging pub peers by ~40% during the pandemic (despite most of their pubs paying rents) ... massive re-rate coming there
Well have to say I was very wrong in my short term prediction, announcement far more promising than expected. Long term prediction still remains the same though- 1.2+ come late spring
Beware any analysis from Simply Wall Street. I have blocked them from my news feeds as their analysis and their facts are often wrong. These people were recommending Carillion a week AFTER they went into administration.
When my local Marstons reopens will be to take the Christmas decorations down.
Back into the £1+ territory now, outdoor beer gardens allowed to open from April 12th (7 weeks)
whenever the pubs re-open ( which could be 2-3 months ) the initial costs are tremendous, staff wages in the first week,supplier invoices after 2 weeks, rent ,rates electricity etc and probably a customer reluctance initially to frequent the event through caution. If they are trading initially at a loss all be it with income coming in how does that support a share price that is not far away from the offer that was rejected??? I AM NOT BEING DEFEATIST JUST PRACTICAL.
Ramping aside I am incredibly wary about topping up at these levels in the short term, particularly as pubs will most likely be closed until late Spring and MARS have rejected the offers presented to them. This will go down before it goes up IMO
Gawd, I can't wait for pubs to open again...
concur...