The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So just where are we heading with this, many including me topped up at 74p and OK i could have saved a few hundred pounds but anywhere between 70p -74p is a good price.
I guess many are waiting for the trading up-date this week and it will iether shoot back up to 80p or sink a little to 65p, but long term still a very good buy and might even be worth topping up more now while it's so low.
I sold out earlier this year at 96p.. thank goodness.
I fear the SP is heading into the 60's as the prospects for all Pubs don't look good.
I totally agree with you good luck on the RNS tomorrow
Well i agreed i just invested dividend s money i had last week in marston s done my research i think its a bargain at 71p
I agree 100% i had dividend money to invest iv just put it in marston s done my research looks a bargain at 71p
You know this company so well, how many Pubs do Marstons own? What is the total Net Debt? Who is the CEO?
The answers will show who the Barrow-boy is.
Another 1 line Merchant all wind and no substance..
You fool at this price you are loosing money this barrow boys sold down the road
Sadanby, Please tell us the facts that are wrong?
Please tell us Brains are not selling THEIR Pubs?.
Please tell us you are a Long Term Holder who has owned shares for at least 2 years?
Please tell us the Trading report will be so magnificent the SP will Rocket?
Please tell us you have removed your Rose Tinted Specs.
Dear Barrow Boys, you picked me up at 75p, threw me in with the spuds and carrots and proceeded to aim in the wrong direction! Please turn around at once, ignoring all talk of inflation, lost consumer confidence, corona and iffy deals with welsh pub groups and take me back to where you found me. I promise to never trouble you again, your humble servant The Kat.
I see the barrow boys still on this stock telling lies to get to sell stock hold and we will be well rewarded
" Marston to put 90 Brains Pubs up for sale."
KCE32, as the master of 1/2 liners surprised you have not been able to provide your vision of events now and in the future.
Of course as the Saturday post above shows you believe Marstons own property of which Brains have the Freehold Title.
You live in South Wales and don't know the Local News accurately, it is understandable you do not know where BARKING is located.
Hope the headache improves soon.
KCE, with respect lets have your take on the current situation?
Fairdealer20 it seems you and a few others must have got off in Barking.
You are right in one way, however apart from Whitbread every hospitality co have suffered and seems there is not much confidence for the immediate future.
In so far as Marstons, no doubt inevstors/institutions are pawing over the sale of Brains Pubs with Marstons as a tenant.
Remembering Mars entered into a 25 year leasing agreement in February, there is bound to be Legals to be sorted for S A Brain to sell to a 3rd party. There could even be clauses within the lease agreement that gives Marstons 1st refusal..So far as I know the full text of the Lease agreement has not been published, it is entirely possible, as Brains pride themselves on supplying Welsh Beer, there is conditions that Mars must take a % of Brains Brands brewed at their Red Dragon Brewery.
It would be strange if talks have not already taken place between Marstons and Brains, and the possibilty NO agreement has been reached hence Brains putting their pubs on the market. This move could be designed, by Brains, who are in dire straights, to hold Marstons to ransom. That's business when your back is against the wall.
Apart from a Rights Issue, not sure Mars would be wise to increase the debt pile, unless there are compelling numbers to support adding value to shareholders.
It is a conundrum which may be solved in a couple of days..
The way the SP is performing, a leak may have occured.
What is don't get is how everything is open yet travel and leisure stocks have been pounded, and their share prices seem to have performed much better when everything was closed, doesn't make any sense to me.
Because the barrow boys don’t know what’s in the RNS on Wednesday
Well again I topped up at 72.30 and an hour later, voila!!
Will warn you all next time.
This has dropped 15% in just over a week, why?
The 239m last year was used almost entirely to pay down debt and running cost during the Lockdown. The residual 34m is linked to a basket of sector share prices, which may mean less or more. The Trading statment on Thursday should give the answer.
Marstons previously reported that the Brains estate were turning over 92% of 2019 figures between in May to the end of July this year. That figure mirrored Marstons.
Depends on the lockdown effect I suppose. 239 million in the coffers last year and 34 million last month or this as part of the brewery sale.
Could put down a big sum and still pay off some existing debt.
There needs to be a reward for loss of control of the brewey.
Exon you are correct. Brains are selling the Freehold of 95 pubs let on 25 year leases to Marstons.
Is an investing institution going to buy for the income? and Marstons as tenant or would it be a good buy for Marstons???
Exon, where have you seen the potential sale by S A Brain? They have been trying to sell Red Dragon Brewery for some time. The brewery is not that OLd was opened by Prince William.
The sale of pubs is interesting as the management agreement with Marstons was only completed earlier this year and Marstons payed rental up front. Probably under pressure from Brains ( they have been in trouble for a while), RF and Rhys ( Brain's chairman ) were friends.
Any sale to a third party could come with some serious Legal issues. Should Marstons have first refusal, it is difficult to see it working even at a knock-down price, unless Marstons issued a Rights, the existing debt pile is/has proved hard to manage.
It could be an interesting opportunity???
With Brains in the process of selling 99 of the pubs leased to Marstons, will Marstons take the opportunity to buy or have they already dismissed the idea?
90 million for the lot or 5.5 million a year and increasing for 25 years!
With Marstons now entrenched within the estate, an opinion must have been formed.
Probably lives in Upney.
That is the stop before Barking on the tube map....
...this Wednesday, 13 Oct.