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Pattern roughly back in play and broken through the oblique resistance again - the past 2-3 trading days were brutal.
https://www.tradingview.com/x/NLlC6FEX/
We're also now above the volume shelf, the next one is in the high 40's, and the momentum indicators are all pointing up. Looking good again.
Pattern now broken, mildly bearish now.
https://www.tradingview.com/x/CEKbHWYZ/
Low 80s within the next 2-3 months in my view based on the volume profile - the above chart starts from the day when the Pfizer / BioNTech vaccine was announced.
Weekly chart suggests this is going to fly.....next serious resistance at 45
Dare I say anything on the trend at the moment? Has some momentum at present guys……
I get excited when the price goes up 3-4 points,then realise that 5-6 points in the other direction takes us back to covid levels when all pubs/clubs etc were closed,my problem is it needs to go up another 50 points for me to break even,,,happy halloween !!
I think out of the 9 Market brokers they consulted on their broker accounts 5 say strong buy, 4 Hold and only 1 sell and the red pointer is indicative of strong buy they advise the Mkt to hold? Errh tells me something this....it must be the time to buy some more!! GLA.
Doesn't look too great for the average 'middle class' consumer if Hunt cuts energy support to all but the most vulnerable people and businesses to months down from years.Along with new highs with fixed rate mortgages.
However, there must be some value inflection point somewhere that fund managers/private equity get interested.How low can she go?
I expect to quadruple my profits on this one- no one should be looking at this on a five minute by five minute basis. Perhaps consider taking out ones Oil share profits now as these will not last for ever!! Common sense dictates to me this Company has survived the worse and is coming out the other side. Many other cheap shares out there too, especially so to foreign investors where GBP is so low they can buy even cheaper. Likely take over target here too! DYOR!!
Wolf
Spot on, FD has a habit of calling this one right.
Over the past year the shares have fallen faster than the proverbial wh@res drawers, down 60% near enough.
Logically one would think that they are due a bounce but if it does it'll likely be a dead cat one.
Sadly, I can't FD.. nothing on the horizon to say otherwise for me. Wish there was.
Long term investors have had a bad deal? Since 2015 the SP has declined by over 75%. Even at the TO value, 105p, initial holders will have lost money on their initial capital outlay. OK they had the benefit of a generous dividend, but no more.
It comes back to some poor management decisions, Charles Wells deal, Brain's deal, panicked sale of pubs to Admiral, increased debt to fund these missions. The JV deal with Carlsberg was imo, forced upon the company who needed to reduce debt. It will not surprise me if Carlsberg take over the 40% share in CMBC, within the next year, because Marstons will require further funds .
As for EV charging, are we to believe Marstons will subsidise? Power costs are escalating, recharging sites are currently costing motorists the equivalent of Diesel transmission vehicles, around 17p/mile. Electricity may, may save the Planet but the effects on personal finance will increase exponentially, providing it can be generated.
We are coming into a World where the fittest will survive, not a pretty picture.
AIMO. Feel free to disagree.
When down 7-8% great time to buy. Just wish the Chancellor pulls his fingers out and here is a suggestion for growth. VAT cut and incentives for energy saving pub chains, and communities pubs (especially those laying on rechargeable facilities/ or electric delivery lorries, and / or where locals can turn down their home heating whilst out for a few beers!
Are you colour blind?
Last time I looked GBP up against USD and the Dow was up? Perhaps a recovery is starting to gain momentum or we have foreign investors seeking bargains from their home currency?
CEO Said yesterday "Marston's is in good shape and well positioned to navigate the future." -so it looks like today traders are taking yesterdays profits and will be back later, or dealers are trying to keep momentum away. Sometimes they also show a low price when there is a shortage of stock and they encourage sales. So my gut is this is a strong buy. Lucky enough most of my other current buys are doing really well. The tide will change and GBP is up surprisingly against the USD-however I am pretty sure Marston's their crops in store already as they seem sensible on costs. GLA
Not the best from where I look at the atm SC, (day trading maybe..)
Share price near junk status (20s not that far away), 50 or 60% down from what alot of holders may have on here, (me included on some..). Forget dividends.. Questionable BOD leadership of the company.... remember 105 offer to sell out ?
No, I certainly hope my pension funds go no where near it.
GL with your investments though,
Just bought some more. If we are back to 2019 levels and if the words suggest they would have been even better if we had not had Omicron last Christmas, then I am more than happy and we are in a far better position than we were and far better than most. Great share for the Pension fund managers to buy and one which should give better returns going forward than bonds which have a limited value in percentage gains as we should start soon start moving up! IMHO.
I struggle to recall any time IMF have got a forecast right, so......
Good RNS yesterday but will be happier when we have actual numbers.Assuming numbers are in line, share price recovery should accelerate.
As an aside, is anyone surprised that the derivative wizards have got burnt again? We need to take a serious look at financial regulation in this country - pensions are meant to be boring.
Initial reaction, comparison with 2019, pre covid and pre-Brains, does not indicate the contribution from the Leased Welsh estate. Unless the Brain's estate contribution was zero, the figures are not so good.
Fixing of energy costs (gas) is good, although Electricity is volatile and subject to rises outside of projections. It is not clear if the energy costs apply to all Properties, Managed and Leased?
Most businesses enjoyed a VAT payment holiday during Covid when Tax levied was reduced to 8% ( now back at 20%). It is interesting to see the Deffered tax of £50m more or less taken from the agreed consideration from Carlsberg, which was part of the Brewery deal. Had expected that receipt to be used to pay down debt. Even though slow long debt is being reduced, marginally. Will be interesting to see how debt will be reduced to under £1billion by the end of FY end 2024.
Drink sales have bucked the trend ( MAB reported an opposing experience on both Food and drink sales)
Further reflection on these figures is ongoing.
As always DYOR.
I meant an uprate in the share price
Very happy with that. Should see a big update going forward. :)
Hi all.
Superb response to the narrowing losses of JDW. Considering that Marston's has been better run than JDW (e.g. no need for placings like JDW did in 2020) and has had more advantageous locations (not as high a % of city centre ones, which have been less profitable - I understand city centres the type of pubs JDW has been offloading), it is probable that the end of year results will read better than JDW's.
That probably explains today's rise, and I suspect that this will carry on until the results as traders / investors would probably expect (relatively) good news on 11 October.
Speculative buy.Debt very high over 1 billion but be honest I’ve not checked any terms of this yet.They seem to have made a good move fixing electric 2023 though mainly gas till 2025.It will all be down to how consumer confidence plays out and inflation interest rate rises don’t concern a huge amount of people as it finally gives them extra income to spend me included.I don’t see a rush to buy yet but am going to take closer look then add small position knowing this is a long turnaround also there maybe good news for pubs in budget.