The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I'm more concerned about the delay to the JV to be honest.
Don't think the market ever expected covid to magically disappear in the summer
Agree completely. Even back at the start there were no strict guidelines for people to follow. The sooner they get a handle on that the sooner everything can return back to normal. Means to end job...
IMO The Government just need to get stricter on those flouting the rules, I have just been in ASDA and seen quite a few people walking around with no masks and touching everything so its these individuals who are the problem.
I'm invested quite a lot in MARS so i'm holding for a good couple of months, maybe years but I think they will survive regardless .
Personally i don’t see how having either schools or another activity open changes anything. The government need to strip it back to basics and focus on stopping the spread. I’m more likely to catch Covid via my daughter being at school as to what I am my daughters teacher drinking at her local pub, going to the gym or socialising with her family and friends or vice versa.
We either need barriers in place to prevent this or just remove the goddamn bridge. Closing one activity for another has to be the most unscientific solution that could have been presented ha
Pitterpatter very true.. My very simplistic view, protect the vulnerable and pay them to stay at home and let the rest of us get on with it! As HRH Prince Charles said he's had worse hang overs!
The worlds mental and financial health will be a bigger problem than the virus. Unless of course the government knows something regarding its source, ie manufactured chemical weapon, then this crazy response might make sense.
Title shares same mentality as the tards. If that minority were self isolating sensibly on any sign of illness or in general taking reasonable precaution rather than following such titles/mentality this would all be behind us already. The world we live in ehh...
*technique
Lets be realistic. August should be as good as it gets for pubs/restaurants in the current environment with the government scheme, people staying in the UK and weather starting to heat up (hope it stays this way!)
Yes pubs could close, anything could happen, but i cant see the governement encouraging people to get out them taking a big u turn. If they do, no doubt support will be in place as the hospitality sector is to valuable for the government to sit back and let fail
Interesting trade technic
Not convinced a govt would drive it’s economy into the ground as that costs lives too in terms of a broke NHS etc
before the sp continues its downtrend to eventual new lows and possibly leading to total collapse...
https://www.bbc.co.uk/news/uk-53621613
So far, a sage scientist was asked if locking down the pubs again was a possibility, and he said it was a possibility. Everything is a possibility! and he is obviously reluctant to rule anything out.
Another lockdown would put more pressure on independents rather than MARS, does make for a more volatile ride but the long term favours them. How long is long term? That’s an issue for many.
@barnet
I read that too but in reality I find it hard to believe the govt could be that stupid to close pubs just after reopening them, despite what they did to weddings yesterday?
Nevertheless, believe it or not a lot of people will read this and think "why rush into these at present", so the damage has been done.
Pubs to close again is the headline in the press. Many pubs will go bust in that situation. So expect mars to fall to 35p last week. Only got a small position in here myself but hope this can survive
Have a feeling the fall today was due to the extended lock down on larger weddings numbers (over 30), and high numbers meeting for another two weeks? However one pub reporting on the news tonight said they had seen increased recent trades and were already back up to 60% of revenues compared to the same period last year so what with many now holidaying in the Uk this year the numbers may well catch up in a month or two if the pubs can stay open and the govt scheme for eating works for mid week trade. All is not yet lost in my opinion.
Suffocating in a mask in Tesco today and listening to the depressing news about UK lock downs and increasing global cases I started to wonder if the entire pub industry would still be in business at Christmas.
I'm off to the Winchester till this all blows over. I don't think this one will recover for another 12 months, but it will. Rapid in home testing will be available in the next month or two that will help control the virus and restart the economy . Look out for the UK RTC announcement next week. Time for a Tetley's I think, gla
Why the 8% drop today to 40p?
alternatively ask the broker then ask Marstons for one, twice. Fingers crossed, promised again in next weeks post. Shame they don't cover Estrella and Shipyard.
Thanks Jetjock and Staycool :) I ll give those a go - pub n discount in this weather is looking good!
Happens automatically in a welcome pack if held in your name. If however they are held in a brokers account then you’ll need to provide proof of number of shares you only need 500 shares to qualify
When I bought my shares I contacted investorrelations@marstons.co.uk and received a reply of how to get the Privilege card for discounts.
Ooh how do you get a share holder discount card?
& Into next week and beyond I have seen for the Marstons web site that they have now registered for the 50/50 eating out scheme with the Govt to have the Govt contribute as per the recent Govt incentives to help both the Pubs and the customers - once people realize this then sales should increase, especially as more and more are now staying in the Uk for the summer break.
All very good and valid points Hollicat. I’d like to think that the majority of that is already factored into the current SP, it makes most sense overall + Covid factor.
So the whole play here is whether or not they can carry on along the lines of the original plan and then also make it profitable as they go. If so up we go, if not we shall see. Blue sky has to outweigh the grey at these levels though, just like before all this the grey possibly outweighed the blue when you consider the overall picture was pretty much the same minus covid factor.
A lot of bargains to be had all around, hopefully these turn out to be one of those. Have a pleasant day
Lots to look forward to at these lowly prices for Marstons what was it pre-lock down £1.18? I see increased Beer drniking and sales over the weekend whether at home from Amazon Marstons deliveries, Supermarket sales, and the Pubs all of which are now open?
I feel we need to look forward and enjoy what we have as a great opportunity here!