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And to you also Barchid. Was looking at motors however I'll probably opt for the J.Deere 7310 than a tesla, much better for pulling out Tesla stuck drivers on roads covered with leaves or BS they can't handle. Looking at the markets we're in for a good week (as well as interesting)
YoYoMa
All the best to you & yours too, 2020 was certainly a year I'll be pleased to see the back of.
No chance of you buying a Tesla next year I trust ?
in about 2 years time ,by the time the cost of securing /rebranding/upgrading ,and most of all getting people back out of doors again lots including myself will be very slow and wary of crowds and indoor events , i wouldnt be surprised to see this sub 50p during 2021 but each do your own thing , keep safe all
I'd forgotten the SA suffix, at least the Welsh have a sense of humour.
My educated guess is late Feb/early March.
Looking at the strength of European markets this morning I think we're in for a good start Tuesday, very surprised if we don't see the SP tickle the belly of 80p. We'll be 3 days behind trading so the start will be interesting. With AZN commenting on that deliveries could be as soon as the 4th Jan in the UK that only leaves Tues/Wed/Thu for the announcement. Hope all are in the good health. Lets hope 2021 the BB is a friendly place of banter and kindness.
Zzzzzz wont be a RI
Trent
If market is good on Tuesday MARS should go up a bit but do bear in mind this is not really effected significantly by Brexit but much more by Covid news. So AZN approval is a positive but the old saying "buy on the strike, sell on the settlement" could also be relevant here....
Hopefully!.
I'm hoping to see 82/84p in next few weeks.
Plus news on the Oxford jab rumoured this week too, could be a good few days ahead.
With a Brexit deal seemingly sorted?
Turnpan, Brains SA (skull attack) from The Old Arcade in Cardiff is the best 8 pints I've ever had, from what I remember.
Trent
Thanks and same to you & yours
In Marstons, and your families.
With the markets closing at 1230 today I wonder if the EU/Govt will announce their decision after the markets have closed ?? With Oxford vaccine not till after xmas and this trade decision that will drive the price up then I feel the Ri will be announced. However saying that the RI may not be actually on the table if they've just taken on SA Brain with a 2m running costs. Was nice to see it try and touch 78 earlier briefly, been a good week in all.
Question of when not if
Trent
You have articulated very succinctly some of my fears re this deal, in a perfect world economies of scale could work, but seasoned Marstons watchers have rarely benefited from these, more likely have tumbled over the unannounced tripwire !
Than answers for me. Such as:
How much has this deal cost us?
Where has it come from? and
what exactly are we getting for our money? Just the pubs? (Altbough, I'd get the logic of that, income from staycationers next year perhaps). Are Brains keeping their brewery and under contract to supply the pubs, and for how long?
This rns to me says very little.
Can't be bad, a delayed 139k buy deal from today
cant be as bad as banks surely that is gross.
There are various schools of thought regarding the Pub Sector. Some believe once the pandemic is behind us Beer Houses will return to levels equal to or higher than pre Covid. The thinking being consumers will just want to get out.
There is another school of thought which regards the continual reduction in Pub numbers as an ongoing process. Add to this belief lockdown has changed consumer habits, they still drink but from other retail outlets, where from a brewers angle margins are considerably lower.
Drinking behaviour has been forced to change, the $64,000 question is will drinkers flock back to pubs? I have doubts and as stated many weeks ago would hope to see MARS re-inventing it's Business model looking towards the future leisure environment that will emerge once Covid is over. For Pubs to survive and prosper they need to innovate , which some have and are, but needs to be a coordinated plan led, and partly if not wholely funded from the centre.
AIMO
With Barnier pushed aside with Merkel etc taking on Brexit negotiations I’d say a deal, or the announcement of one, is imminent. I’m a LTH from March so I’m staying in for sure, may be a few bumps but I don’t want to be out of the market at present.
Also, the Brains news today shows this pandemic hitting the smaller brewers with very large companies able to weather the storm and expand their empires. Good news for the big guys - and their shareholders.
Anyone thinks the acquisition means this SP will continue to increase beyond 70p? Or is it currently overpriced in this climate? Unsure whether to top up
Fair Dealer , YoYoMa & Mysterious
Yes the market certainly seems to like it, but the more I think it over the chancier it seems to be.
I am guessing that there will be a price to pay to keep these "taken on" premises up to the standard MARS are now setting themselves elsewhere, also guessing that these "new" pubs might not be "profit accretive" as swiftly as hoped, these things rarely are & if either of these 2 guesses are correct it reduces the free cash flow needed to cut into their debt mountain. This was an essential target of the new Chair even before covid so I can't, without Daave's sort of knowledge of licensed premises likely cash flow in these circumstancee, be anything but very cautious.
So Daave, if you have any thoughts please,they will likely be very interesting.
Having worked for Breweries for over 22 years I cannot understand why Brains have disposed of their pubs unless they weren't doing very well prior to the pandemic..
I know most chains / breweries are offering free or reduced rent to ensure there's someone left to open their pubs back up.. Lets face facts that without tenants and managers there's no business..