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merger with Carlsberg is massive news, surprised the price did not raise up further on the announcement.
the combined forces of these 2 in the UK and looking towards the second half of this year and the future can see great potential.
even with home sales of alcohol alongside the pub business this is a strong place.
It was not ... I repeat not an uncrossing trade ... it was a buy BEFORE close of play
Just look through the trades
Joe there were some trades after the bell at 4.30pm and Hargreaves Lansdown have the start price as 63p but the £390/- trade identified by U/C was alas just an uncrossing trade at the end of the day where brokers/dealers settle up there crossed balances, so this was not an O or ordinary trade - hope this helps. I expect as we come back after lock down to soon be back at the over £1 a share level but we may be there in a month and a half!! IMHO. Good luck though the trend is certainly up for the whole market and if less trades are going to be made in Hong Kong you can bet the footse will benefit.
625k one went through at 16:35 shortly after too..
That’s correct but it is very difficult to get a license in a new property and easy to get a license for a property previously licensed.
Alcohol licences go with the person(occupier/manager) not the property.
Convenience stores grabbing share from the supermarkets at the moment and the likes of Tesco love buying pubs to convert into convenience stores as they come with an alcohol license.
barchid did not intend to sound Bullish, just identifying the possibilities, but also the obstacles which can prevent an easy change of use.
I could have added a converted pub "could" be attractive to some purchasers, however in this uncertain climate property sales may well stumble. As they say one can always sell at a price. Have read recently Property Agents believe prices could be discounted as much as 30%. That would be disaster for a huge number of people.
Trent/Fairdealer
Thanks for the welcome, I do agree with the minority owner, Stelios/Easyjet, Vodafone/Verizon are 2 examples of that, but I'm not as bullish as Fairdealer on the revenue that could be derived from change of use, as I said in my post earlier. But time will tell, certainly I'd rather have Carlsberg running a brewery than a bank !!! Which is what could have happened if we did not accept the Danegeld...
Thunder, sorry can you pls explain further for me
Citadel closed part of short position on Friday.
https://shorttracker.co.uk/company/GB00B1JQDM80/
I expect the rest may try and close and the price will not reflect true value here until they do.
who knows I doubt it but its a nice sign ... someone has some confidence for sure and to be fair the new target is miles higher than this price so .......
is that why they took it down?
just gone through
check the levels or wait a few mins .......
Yes welcome back barchid. At least you have come back to more sun and have avoided the enforced 14 day quarantine.
Although the deal is a God-send for MARS, the devil maybe in the detail as I am always believe the Major partner in any JV , will look to protecting their Interests.
It seems the Breweries and distribution facilties will be transferred to CMBC. It follows, unless I have missed something, the £273m covers the valuation of those assets. Cannot find the segregated valuations of breweries and other facilities, as this will have bearing on the residual asset values. As I see it not only will debt reduce so will the residual assets.
There will be economies of scale...….. resource reductions, which will be a benefit, just hope business does return to something like normal. There is the uncertainty.
The issue of poorly performing pubs may be addressed with change of use to Residential. That could be a benefit providing Local Planners approve....many pubs are Listed buildings.
Publication of the interim results has been delayed from 17th May until June ( date not specified). Reason for delay has not been stated, could be Covid, could be the Carlsberg deal, or something else??
Bondholders are to approve or otherwise some minor changes to agreements, by 27th May. We should hear more on this tomorrow or Thursday.
Does the shareholder card discount drinks as well as food?
Just food in the "Pubs and Inns" managed houses and accommodation in the Hotels.
You need a minimum of 500 shares.
After you have the shares just contact investor relations at head office.
Welcome back to blighty Barchid. Hope its cold enough for you mate.
You've not missed much while you've been away mate. Apart from this carlsberg. Thing
Re: Does the shareholder card discount drinks as well as food?
Unfortunately no it doesn't, food only
Trent/Fairdealer
I actually arrived back v late last night on a repatriation flight, yes, far worse places to be locked down in but after 5 months away nice to be back.
Well, a foreign take over was always what I had often posted that I thought could happen, this is interesting though.
Bad news first, we are left with a string of very often sub par pubs.
So they might get planning permission, but a long slow game with their estate and what is a pub converted into a few flats really worth in this climate ?
But the good news is MARS is a brewer, only holding 40%, but with a great partner, to paraphrase their ad "probably the best brewer in the world" that business is the one to buy into and wave hasta la vista to the rump estate. My concern is RF's probable aggressive valuation of said estate.
on the rise at the mo