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I will at least see the position we're at after the results and pubs reopening in July, then take stock
So we're going no higher than 73p then fair dealer and malteaser? Is that the high its going to reach and that's your lot???
No 2 meter rule in Pubs
This is some very positive news, from the Telegraph:
“ Two-metre rule left out of draft Government guidance on reopening pubs and restaurants”
As the opening date approaches and on the back of this good news we should see the share price reach 85-90 in less than two weeks
Listening to Financial Columnists needs to be taken with a pinch of salt. Looking at financials superficially sells papers and keeps sponsors happy.
Logistics dictate, brewers require adequate notice for re-opening, it takes 5 weeks to produce a saleable beer. Myabe confidentially Gov, have given the nod....we hope.
As far as interim results bearing in mind it is up to the end of March only 2 weeks after lockdown, effects to the figures should be minimal....it is the next 1/2 year which is going to be dramatic. Considering release of interims have been delayed, is it possible some accounting has occurred to ameliorate the disasterous figures to come?
Travelling around it is noticeable the number of Hostelries that appear abandoned.
Malteser at least someone is being realistic.
Market saw upside and went to 80 plus only last week and its been up to 120s before Covid so there's still upside to be had.
The valuation of the jv was upwards of a pound a share that's without the pub business being valued, so the SP could be well over 120-150 when we resume and get in full flow long term
I used to be invested here up to about 12 months ago, but this is how I see it , and I have been in the pub game for 30 years.
The Covid is a major cost headache for all retail sectors. Marstons is heavily reliant on its food pubs, and they need serious numbers through the doors to make them pay, as they rely on the BOGOF, in some of its outlets. I see a very poor year ahead for the whole of this industry, yes the tie up with Carlsberg will help, but as now a Heineken free trade customer, believe me you are going to see massive buying discounts offered to get big free trade contracts, again all these will hit bottom lines.
This was a great bounce if you bought in at .18p, but don’t see much more upside now.
Good luck to all.
.. was about as useful as an open pub without any alcohol.
Utter vagueness, no clarity on moving forward or reducing social distancing to 1M. Having detailed round table convos a little too late. Need clarity, direction & hope for hospitality businesses.
Too late to act to tackle CV-19, too late to act to tackle economic crisis.
Any thoughts on what the results may show?
Confirmation of Revised Interim Results Announcement Date
In line with the joint regulatory guidance from the FCA, the FRC and the PRA, regarding reporting timeframes in the current environment, Marston's confirms that it will announce its Interim results, originally planned for 13 May, on 26 June 2020.
Bought back in on the retrace albeit did not think it would hit 60’s!
Still for a few pence difference I think there is short term value to be had.
Gov drop a bomb shell about bringing forward pub re-opening tonight & tomorrow morning will be interesting! but seems this has been played down now so unlikely & sp will be in 60’s again IMHO
Gone for a punt regardless on the hopes of gov postive news, but if not, will be patient for 4th July & top up in 60’s
Gla
That's what shares do, stop watching it will only depress u lol
Suits me! Average down beat you can before the spike....that’s my plan
Think it will stay in the range 73-80p until there's a firm date for pubs to reopen.
any thoughts on what the sp for the rest of the week could look like?
TOMASZ BLAWAT
Managing Director, Carlsberg UK
Tomasz Blawat joined Carlsberg UK in January 2019 having led Carlsberg Poland for six years, where delivered significant growth and upgrade of the business. His long work experience is across FMCG and the finance industry and includes tenures at Procter & Gamble as Managing Director in the Baltics; Vice President Sales, Marketing and Distribution for SABMiller Poland; as well four years as CEO for ING Insurance & Pension, Poland. Tomasz is also Non-Executive Director of StockSpirits plc.
From Carlsberg UK website
Thanks for dates and confidence and helpfully signing up as a member of LSE - a barometer for CEOs!
I am led to believe from sources within the org that release date is set for week commencing 22 June so I'd head for Wed/Thurs that week. Other half said he think's UK govt will make an announcement from Tuesday eve onwards fall out ref Leisure with ministers. I personally think it will be the 4th week so the 4th (projected) July will bring much-needed morale, bump in prices and also ties in the JV announcment, Blawat will ensure this is a success.
My local Marston's in Northampton serves 3* meals at 2* prices and pours a good selection of cold beer, and was busy most nights and packed solid all weekend. It's cheap and cheerful and has a nice garden. Marston's pubs may have a little room for improvement but they know their customers.
We once stayed at a Marstons pub to break a journey to the West Country. My wife was not impressed. also had meals
in a couple of restaurants when we were visiting family and it was just for convenience.My wife said 'I hope we don't
have to come here again.' also seen one of their pubs from the outside. Was certainly not tempted to venture in. From my
albeit limited experience the pub/restaurant/accommodation part of the business is about at best 3* level and will
require massive spending to bring it up to levels which will be required post covid. I am not inclined to add to my already
below water holding, even with the 40% of the brewing business.