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There’s a Brexit deal in the offing as well - that Sunday deadline came and went and they’re still talking. Both sides do not want a no-deal so I’d expect a last (and I mean last!) minute agreement.
Good performance today.
Any day now we should hear that the Oxford vaccine has been approved.
This announcement will surely give our SP a big leg up!
I'm hoping we might see 80p+ by the end of the year.
Daave
You are closer to the costs of running hospitality venues than many of us on this board, would you agree that the increase in the furlough timescale probably accounts for the strong price (over & above the market) today ?
That is my take on it but as you are at the pitface, so to speak, I would value your opinion please
chubby don't forget Carlsberg are senior partner in the Carlsberg Marstons Brewing Company.
Prime for a larger brewery buyout.
When you see how hieneken, etc wiped out all the independents in Eastern there is money out there
Lots of auto sellers and the price is holding, is someone collecting all these shares for a large purchase in the background?
Very nice indeed given the circumstances. I just hope the pubs are able to open, even for just part of the day on the run up to Christmas.
It's been golden! Very similar to the peace after having the grand children all weekend its nice to sit back and enjoy the time. I did see on Reuters that there are whispers the Brexit and EU trade is warming and in a few days maybe some good news that will be kind on the markets. Lets hope tomorrow the Govt allows more businesses to open allowing for people to venture out. I was in my local town this morning and was surprised that very few had no masks but the majority did which to me shows that people are learning to live with the mask approach.
Sorry everyone but someone had to say it !
Isn't it nice, for over 48 hours, not to have to suffer T&T adverts (Tesla&Tinder), not hear how clever someone is and just watch the share price, hopefully, stabilise.
I know we have masses of tank traps on the way to proper prosperity in this stock, not the least of which are debt (self inflicted) & lockdowns (politically inflicted), plus what ever 2021 throws at us but to be able to see no noise on this board is a right result, IMHO.
GLA
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Peltata
Let us hope we see a brexit resolution soon, don't know about you but I am regally fed up with all the games delays etc, I suspect we might still be on hold until after Christmas. Nevertheless, with that out of the way we "just" have covid to worry over, though with luck the vaccine should stifle fears there by Spring.
I meant Brexit uncertainty is priced in to a large extent across the board, using the ftse100 as an example. With Marstons caught up in this like everyone else.
Peltata
Marstons is not, & never has been, in the FTSE 100 though, has it ?
I believe it is in the 250 still and year to date that index is only about 10% off its 2020 high. The 100 is a completely different index as it contains mainly international companies, most of which derive a substantial part of their revenue in overseas currencies.
Marstons are certainly not in that category, they have very little overseas business, no overseas pubs or rooms to my knowledge and a few cases of beer for sale in specialist shops, British Bars etc, nothing of any great importance.
FTSE100 still around 20% off the 1y high so agree it is priced in to quite a degree, sure to be volatility around the decision however.
America is at all time highs even during a pandemic! so this makes me believe our suppressed ftse is more due to Brexit uncertainty.
I agree with you both on the Brexit thing ....It has been astounding to me that footsie didnt sink like a stone on friday ....I get the feeling that the markets have priced in nodeal or fudged deal already. OR they know something we dont(which is usually the case ) and a deal is already done .
Dont you just hate these weekends of waiting for the next chapter.
Barchid
We questioned the appointment in the summer. I have believed for sometime the company requires further funding to bolster the balance sheet. If recovery does not materialise as hoped and the almost certainty further loan caviats will not be agreed, a Rights is almost certain. Peel Hunt need to get the SP nearer £1 in order to get a RI underwritten.
Nigella, my view on Brexit is probably going to create some hostility, however I have always believed the EU were going to make our leaving as difficult as possible and consequently a Trade Agreement would be highly unlikely to be agreed. On that basis I seriously believed our best course of action is to leave without an agreement. The Uk will save the huge contributions and OK it will be hard for 2-3 years, but we are a resilient and inventive society and will come through.
I am now going into my Word-proof Bunker!!!!
Nigella
Far be it for me to assume the Mystic Meg mantle but I think one can sensibly say that markets have had a few years to weigh up where we are and where we might be, and markets are usually right(ish).
We either have a WTO exit or a slightly soft but mainly fudged brexit so my guess is that after the first week of excitement we will all settle down. Marstons, not a great exporter, is much more affected by covid than brexit.
All the "pump & dump" is mood music to play behind the dating app to give the impression that they work at the World Bank in Washington as their day job.
Then we have "superdud" who has mild dementia, it has benn noted that he usually hits the keyboard about the time he has just plugged the love of his life, the Tesla, into the economy seven socket, so we will probably not receive his pearls of wisdom until tomorrow morning.
I trust this helps ?
Great post barchid. brightened up my day .
On a different note .....what do you all think......will we brexit-crash out ? and will it create armaggedon in the markets (uk)
They are quite quiet today, perhaps there is a seance on somewhere.... Maybe they fall under the "At risk" category and getting vaccinated or on a local outing somewhere.
Fair Dealer
And only just appointed too, so we still wonder why ?
If the price moves up much more a RI would surely be tempting to the BoD ?
Nigella
I sympathise with your wondering about why the movement today, at one point through 70p, because the (apparently professional) derampers on this board would have you think that we are all doomed and will maybe need to smoke dope to cheer up, let alone other suggestions which we can ignore. Quite why a few posters think they might influence the SP by making weird & wild statements I don't know, but the number of confident price predictions makes me wonder why they don't post under the name of Mystic Meg or something similar.
They are quite quiet today, perhaps there is a seance on somewhere....
Should be noted Peel Hunt is the Company's House Broker
However, it is all about timing. What happens if the Christmas period results in such a big spike in covid cases that we need another lockdown? The impact of the vaccine is over rated and we could see a poor summer period. On this basis I still think this will drop lower.
So do I. Below from Peel Hunt courtesy of Philanderer you know where. I continue to watch with interest.
Peel Hunt eyes Marston’s recovery Pub and brewery group Marston’s (MARS) has a ‘roadmap’ for the future and Peel Hunt says there is scope for a ‘re-rating. Analyst Douglas Jack retained his ‘buy’ recommendation and target price of 95p on the shares, which fell 6% to 65.8p yesterday after posting an almost £400m annual loss. ‘Marston’s has a clear roadmap to debt reduction and resumed dividends with minimal disposal activity,’ said Jack. ‘Its investment in apps, shorter menus and outdoor areas have contributed to an 11% increase in guest satisfaction scores. This should all pay dividends as the sector recovers.’ Jack added that with debt reduction forecasts to continue and the vaccine roll out accelerating ‘there is scope for the shares to continue to re-rate’. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-workspace-firstgroup-and-spectris/a1437266?section=funds-insider&_ga=2.181610151.1687547678.1607685024-1419783115.1607685024#i=6
Anybody seen or heard any news that caused the rise today . I found it most unexpected .
There will cost savings , expect 1 or 2 breweries to close. Carlsberg have tended to use thinner margins than Marstons to achieve bigger market share. This is likely to continue. Ultimately Carlsberg want to be up with or ahead of Heineken and Coors Molson etc
I prefer the Jury is out rather than "guilty until proven innocent"
This stock has risen on the great ''concept'' the partnership joint venture is. However, it has to show results now and it will be ''guilty until proven innocent''