Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Looks as if its correcting big time, everyone is getting a feel for how strongly MARS will emerge I think
been a great day, price rose alot faster than I thought, would have expected this more towards March time
Now up to about 80p. It has been a great rise since my last purchase at about 29p back in May.
Hopefully a lot further to go once Covid 19 gets under control.
fairdealer
That was indeed what we concluded after the relevant announcement, so for RF to suggest that all in the (marston's beer) garden is rosy could be viewed as a little disingenuous ?
If so this will come back to haunt him, but it could also indicate the type of pressure that he is under, neither options are ideal, to be fair.
There is, of course, the issue of how much the final brewery payment will be which is firmly geared to performance, I recall ?
Carlsberg did not get to where they now are by being philanthropists.
So BP it must be, imo
Now that its broken 77p I think it could go back briefly to a decent pre-covid level of 90p very soon...
Hopefully the shorters won't come and ruin this rise
Is anyone experiencing problems with posts disapearing and or being duplicated?
oxygen that is correct. HSBC have undertaken to allow waivers until April and have made it clear NO further waivers will be considered. They (HSBC) have agreed to transfer Loans to BNP Paribas in Q4. The terms BNP have agreed in taking over loans are very rigid ( there will be No Waivers).
It is possible as trading conditions are outside of the company, an RI may be forced by lenders.
BP and all that.
AIMO
?
For me the only real niggle here are securitisation Bondholders who’ve only given waivers through to April 2021. Let’s hope MARS can get their ongoing support without pain ! Until I see clarity on that I’ll wait on the sideline.
I also think that too Fairdealer.
Snippet: "As a consequence of our having significant liquidity in our financing arrangements, the absence of any near-term refinancing requirements, and in the expectation that the outlook for the second half-year is much more positive, we remain confident in our ability to navigate the current difficult environment."
That to me screams out that they're distancing themselves away from any RI which may bring much relief. However they still have a 12-16m monthly burn albiet 50% less than M&B that is still some considerable ongoing burn. This week the SP has held strong. Having totally lost my way in knowing what the actually day is I bid everyone a good 8th day of the New Year.
Predictions on the impact on SP?
Is the RNS a quick response to MAB's proposed fund raise, and too pacify the market??
The Q1 results outline how well this company is positioned for a (hopeful) 2nd hslf of the year recovery.
We have to take our hats off to RF for the joint venture with Carlsberg, what a masterstroke that was!
Happy indeed with the business, despite the current circumstances beyond its control.
Sorry was referring to the brains acquisition
what takeover as i havent heard anything of such news so please enlighten us all. also anyone still think there could be a RI
What takeover?
Joe do you know something?
What takeover?
Joe do you know something?
i do agree joek but the gravy boat has a hole in the bottom short term , give this a year after restrictions are lifted and peeps get over fear factor of going to crowded places this will come good
You have to remember that once the vulnerable are vaccinated, restrictions are going to start lifting for pubs big time, which will most likely be by Easter. MARS will emerge from very strongly this pandemic, particularly given the takeover.
as i said a few days ago ,it wouldnt surprize me to see this dip to 50p ,with the refurb /rebrand of brains ,how much ? cost ? cash in hand ? i sit on fence till after 27 agm , if share issue to raise cash could see 50p or lower , i hope for all i am wrong but ive seen this too many times before elswhere ,takeovers look great , ego boost etc but they cost so only my opinion ,keep safe and gla
barchid,
Dead right ( sorry for the pun). The way UK have handled this pandemic is appalling. Have friends on the South Island (NZ) and their lives are back to normal, except travelling abroad, which OK given the space and natural environment, do 'nt believe it will bother many Kiwi's.
fairdealer
Very interesting, thanks.
If we do need to "be prepared" I fancy you would much rather be in NZ.
As a matter of interest M&B have released a quarterly update this morning. The figures and comments make interesting reading. The company has cash of £125m has all sites closed, is burning cash at the rate of £35-40m per month. The Board, which includes 2 major Institutional shareholders consider it prudent to make an Equity raise.
Marstons should release an update ahead of the AGM on 27th January, we will then see how figures and possible capital requirements compare with MAB, who have a much stronger asset base.
As all Boy Scouts know...." Be Prepared"
https://www.kantar.com/uki/inspiration/fmcg/2021-record-demand-for-groceries-as-uk-families-mark-extraordinary-christmas
“Meanwhile, alcohol sales rose by £310 million, with options to drink in pubs, bars and restaurants limited.”
Let’s hope that we got a good slice of it