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50p+ coming hold tight
@Fair Dealer
Exactly so !
50p today?
Reminding us of the massive value the JV will generate:
Marston's PLC ("Marston's") and Carlsberg UK Holdings Limited ("Carlsberg UK") form a new JV partnership "Carlsberg Marston's Brewing Company ('CMBC')" to create a best in class, brand-led UK brewer of scale
· A long term joint venture between a leading global brewer and established UK pub operator to create a best in class, brand-led UK brewer and distribution company with increased scale and resources
· Values the Marston's Brewing Business at up to £580 million (13.0x adj. 2019 EBITDA) and the Carlsberg UK Brewing Business at £200 million1
· Marston's to receive 40 per cent stake in CMBC and a cash equalisation payment of up to £273 million2. Carlsberg UK to receive 60 per cent stake in CMBC
· Significant value creation through synergies and productivity improvements, with reported annual joint venture cost synergies of around £24 million expected by the end of the third year following completion
· Cash equalisation payment to Marston's PLC will materially reduce debt outside the securitisation and provide additional financial flexibility
· Marston's to focus on its high quality, well invested pub and accommodation business while retaining a 40 per cent interest in a larger, more attractive brewing business
· Following discussions initiated in late 2019, the transaction is anticipated to complete in Q3 of this calendar year, subject to shareholder approval and competition clearance
Agree Barchid. Now the hard work starts.
The company has been in a state of hiatus for weeks, now the BOD can flesh out plans for the future.
YoYoMa
5.6m shares traded yesterday, you were dead right that perhaps someone had a sniff of the CMA result, that volume and todays news was no coincidence was it ?!
Great spot though, thanks again for alerting us
Some good news at last !
Going to be a very interesting day today. I will just be sitting back and watching.
:o). GLA
Fireworks today... Back to 70p we go!!
Rns!
Yes good and agree with you for once to have Peel Hunt on side is beneficial. I also can see if their rating in June and since then Online sales will have flourished and Pubs have reopened (although I am in favour of online sales at the moment I expect them to give an improved rating since June with the JV and all.
Perhaps is should not be returning to 120p that J.P.Morgan said previously. -Work that one out! nice little trickle up today you should be very please with that being shareholder. (but me thinks not!).
Peel Hunt appointed Joint Brokers for Marstons ely August.
Work it out???
Perhaps that would encourage all the day traders to actually buy some Marstons where the whole world and his dog know that the future lies with online home sales, particularly during a pandemic.
One only has look about you on this web site under the heading MARS BROKER RATINGS let me spell this out for those who cannot understand what is being said :-
09-Jun-20 Peel Hunt LLP Buy - 95.00 Reiteration
YoYoMa
A very astute suggestion. TBH I'd not noticed the size of trades today (4.52 mill by 14.30) but someone is certainly being v active. Looking at funds who could be sellers, perhaps taking a view on a further closure of English pubs later this week as per media stories; Slater has 2%, a lot of them in his income fund, possible he bit the bullet? Otherwise it's NFU, very long term holders usually, or Staberdeen & M&G in UK other than nominee a/cs.
Whatever the reason, your post is wildly more informative for investors than remarks about petrol in asda, etc etc.
Thanks for drawing our attention to this high turnover.
I rest my case of Marstons. If you want variety of Marstons you can get it anywhere -you don't even have to leave your front door. Yes this unfair trader still rants on about the number of pubs.
Perhaps he does not go online? However if he wants to shop in Asda fine. No doubt he also fill sit car up with cheap fuel too. Never mind. I see many shares rising today as the fund Managers move in for the cheap stocks such as Marstons. Perhaps they can also see that as other Brewers fail they take more of the Market share and the JV will increase that further. The CAMRA brigade can take their push bikes back to Halfords as they can order all of their craft beers from home and more besides.
Been watching the buys/sells very closely this week as the CMA will make their announcement well before its made public. With over 1,000,000 shares being sold today in very close trades makes me think that RF has the answer already and selling now before he loses more. I know he bought at 150p but recoupling 900k from current shares would be a "better than nothing" value. Though his shares need to be declared they only need to be declared within 24hrs of purchase. This makes me nervous as these are the highest sells in 27 days not including the voting shares that occurred last few weeks. I know this is my LT but this makes me wonder who would sell at 42p without a public announcement? Thoughts
Trent careful you will accused of being a Non-shareholder. Hard to understand how a poster is allowed to get away with publishing inaccurate nonsense. Pity he does not concentrate on facts .
Amazon supply 100's if not 1000's of different beers from dozens of breweries. Anyone with their head screwed on would either collect or order from their local Supermarket for home delivery with the weekly shop, where prices are very competitive. For instance Hobgoblin Gold is regularly £1.25 and occassionaly cheaper. at ASDA
Classic collections by the box with a wide variety to try or the diabetic low carb (new beer) or the amber beers and if you pay by your credit card you get points off your bank. If a repeat order sometimes Amazon will give you a 5% discount too. Many of their beers for Marstons beers can be delivered for tomorrow.
This is one advantage they have over their competitors. Enjoy.
Why re-apply when they extended it or did you not check the actual website a few weeks back when they announced it???
Valid till Oct 2021 for those who want to actually claim a discount off them. Personally paying full price actually helps them out more in my eyes
Don't forget that discount cards expire at the end of this month, so need reordering. I've done mine just now. It's always good to have for when some sort of normality (whatever that might be) returns.
I am in profit with this share - many on here commenting do not even hold shares -even though they make out they do. If they did lets just say they would be a little bit more supportive. Now we know this from what I have taken the time to supply by links to the official web site. :-
Marstons have shown that their home sales are increasing. The trend is for drinkers to drink from home. They now serve large numbers of sale in supermarkets (I remember a time when you just could not get their beers). Now you can order even from the factory online, or Amazon or even ebay. They have a joint venture which in the face of it looks very interesting.(especially post Brexit). They have finds in place to not be bothered at all by a full lock down as they said so earlier in the year. We all await their sales figures and results of a JV proposal. In my mind a lot to look forward to. Many on here feel I should sell well I see my self buying more. So will the fund managers as they see this as one of the best opportunities to make some money for growth funds - not on a day by day basis but over a year or two. It is a shame we have so many short sighted day traders on here never mind we all look at things differently. Perhaps if the day traders were more concerned then they could leave this web page rather than trying to influence others who are more likely to listen where I have shown to myself over the years I am not often wrong. Everyone can make their own mind up I stick by my rating. I will feel very happy in a short time I am sure.
YoYo, in fairness do8erman did post IF...
It will go in the direction these AT's want to take it in the absence of volume. 40p seems to be the support but they may take it lower to close out the 2% shorts prior to the P1 CMA report. I think predicting prices at the moment is a complete waste of energy as we don't know what the end game is with this pandemic. We may have to live with it but confidence will return in the hospitality industry and the sp will follow.
Do8erman - Where do you get you rpreditction for the 30p? As an analyst myself and have worked in many roles analysing data sets you are not putting up or giving evidence of your argument. Show either my scale or trend that this will reach 30p or lower as some fool suggested 20p (some BS about Dow Jones adjusting). Don't be an armchair dealer if you cannot provide either L2 scales, projected transits or trajectory predictions. This board as lost momentum for support and has not become more of a b1tching board against one another.
I am with my brother and a holder and though only bought in Mar @29p, I do not for one instance think this will flop with the board we have and the vision long term. Yes we have debt but that's not debt that cannot be levelled out and the payment due imminently we can survive. Marstons like others in this sector are finding it hard but read their boards its not half as septic as this one.
Do8erman
Intersting points you make, especially how the 40p level seems to show resistance, something I've noticed myself & interested in.
WRT being misquoted by charger, I fear this is a peril of the board for all of us, he assures us he is still in profit but his post on Sep 9, when he was showing us all the size of his cojones, clearly states that his larger holding cost 41.994p and a smaller holding at just below that.
Happily no other poster bothered to join in this peculiar game but it might explain how these specific price predictions are arrived at.