Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
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Fiona_cartwright says added bonus to be announced with Q3, as a Carlsberg insider maybe sh means a sweetener being added to the deal due to lockdown/pub difficult times.
Trent let's say Christopher Reeve and Warren Buffet have nothing to fear from the Penguin who skates on thinner and thinner ice!!! That's a riddle Trent, hope you work it out.
Back to business, it now seems, according to our resident Sage, Marston's Pubs are going to be redundant with all the Home Deliveries.
Headlines now coming all over the place :-
https://www.thecaterer.com/news/marstons-carlsberg-merger-cma-clearance
I would not worry about discount cars when Fd & BC will have made so much money on their shareholdings they said they held. As we said yesterday freely available from all the major supermarkets, online (one can even order from the factory) and for me Amazon. As FD said yesterday he would prefer Asda (he must have known he could also have a flu jab for free). Results soon from Marstons which will I am sure show how in fact deliveries from the factory have increased home sales and that is where the growth is at the moment (as Carlsberg as aware) rather than competitors who rely only on the pubs.
Yoyo, no, I did not see that. I'd I would have waited.
Fairdealer, Who'd think that lol.
nm
by @baroninvestment on twitter
#MARS expected to trade mid single digit P/E in 2021, double digit free cash yield. Post transaction NAV should increase to £1.40-£1.50 base. Meanwhile £239m incoming
Massive winfall of £239m coming in end of OCTOBER
They get Mars FOR FREE, PLUS DEBT
For those interested very encouraging report in pro investor online. Looks like substantial cost savings for both Companies with the JV will help the value of the Company too. Link below :-
https://www.proactiveinvestors.co.uk/companies/news/931085/marston-s-carlsberg-joint-venture-cleared-by-uk-authorities-931085.html
Reckon highs 50s maybe 60p Monday.
Agree chaps a long way to go but a definite long term buy here now and not surprised that the CMA have agreed. As I said yesterday Peel Hunt pre JV -95p, my guestimate 73p to start, and as my old Japanese client who did very well from me once said - "good news quite often comes after a long sleep."
Some of here must be totally confused as yesterday they were saying shares were being sold and yet today they have said yesterday they were being bought?
The Life insurers who are the main shareholders here must be pleased and I am sure they will now be drawing this share across to their growth funds so we should in time now get a longer term steady stream of funds coming in day to day.
I suspect once the other side of the pond wake up and the shorters on short tracker come in (although to be fair they only hold a minimal value anyway) and what with the suggestion the govt. is to add stimuli to the hospitality sector we may still meet my first target of being 73p, and longer term we should now make the most of other businesses failing to take more of the sector sales. Although I do understand from the Marstons web site that online and home sales have been the growth storey anyway. Good luck to those who like me have waited. We should rise up quite fast from here.
I will enjoy a nice pint of Pedigree later.
Anybody else looking forward to the close and next week? :)
Is this JV legally binding at this stage or is there a chance Carlsberg could still pull out before the transaction is done at the end of the month?
after the drop from
Odyn
A bit of profit taking from low level purchases maybe taking place at the moment.
You need to consider how long to hold off for after the 52 to the current level of 47.7p.
To be perfectly honest, I want it to go down. Because I'm poised to smack that buy button and grab some more. For whatever reason the market isn't responding yet, but it will. This share, even before the JV, is massively undervalued. When it rebounds, and it will, easy money. Plus they give a pretty decent dividend as well.
after todays good rise in share price, to get up to the level of 75p that it reached in early June, a couple of weeks after the JV was announced.
I would have thought that things look better now than then.
Papers will be covering this all over the weekend, next week gap and go into the 50s. hold tight
Will ride it into the end of the month, might be a few ups and downs inbetween - but feels like it could make the printer go brrrrrrrrrrrrrrrrrrrrrrrrr.
The downside has disappeared, and huge upside now!
Pedigree might just be a cure for CV. But you might have to drink alot of it (at home) ;-) imo
If they do its only pubs in the North and its for 2 weeks, I assume they can still do takeaways, might see a dip but this stock will be worth £2+ all day once cases start dropping.
If they do, and the price drops I'll see it as an opportunity to top up.
Let’s hope pubs don’t close again next week !