Firering Strategic Minerals: From explorer to producer. Watch the video here.
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To me this has the look of a company that is about to receive a knock out bid.
Shorts being allowed to sell.
board and general news being very quiet.
Privilege card only extended for 6 months.
marketduster your comment is likely, in my opinion
potential acquisition price 120 per share?
Exon, re a bid, my thoughts exactly. GLA
Would like to see the directors holding more. 120p takeover price seems reasonable to me Claire. GLA.
Interestingly from 16th Sept 2021------------Marston's PLC today announces that Ralph Findlay, Chief Executive Officer of the Group, has been appointed as a Non-executive Director and Chair designate of C&C Group plc ("C&C"), the vertically integrated premium drinks company, with effect from 1 March 2022. It is the subsequent intention that Ralph will succeed Stewart Gilliland as Chair of C&C in July 2022.
C & C look a good fit, twice the market cap of MARS with a rising sp which could facilitate cash plus shares t/o. Need to do more research into C & C (CCR). GLA
might explain why Ralph Graham Findlay is leaving.
Also with Andrew Andrea becoming CEO, (previously chief financial officer and corporate development officer ), his time with Marston’s has included a period in the role of operations director for Marston’s Pub Company during which time he pioneered the franchise agreement which is now widely adopted across the pub industry.
Most recently Andrew, project managed the disposal of Marston’s Beer Company covering all aspects of the transaction, both financial and non-financial, as well as co-ordinating the SA Brain operational agreement last year.
Could the sale of Marstons be his final project???
The company becomes a target when it’s share price is diluted for no reasons other than external factors . Fundamentals are very strong , short to medium term bar none . A bid if it was forthcoming in the current market conditions , would amount to £110.00 per share . Watch this share sort term , W/E 15TH October . Investors will demand returns on the investments placed on the company and the board respectively .
Ralph Findlay has been at the helm of MARS for 20 years, it would make sense for him to take MARS under his wing again whilst in his new post at CCR. This could get exciting but maybe not until next year. AIMHO of course. GLA
realistically could see them push through the merger this year while the industry is still getting back up and running, that way they can further review internals and make cost reductions on overlapping costs and go into 2022 with a stronger position before Easter - Summer sales cycle.
Would not be surprised if we got an announcement with the results next Wednesday.
nimshy
RF was at the helm for 20 years but hardly successful was he ?
Divi cut to zero and 60% of the brewery sold for a song to the Scandi's, then a 105p offer rejected without even submitting it to shareholders was that a success, get real ?
The only person who thinks he was is the out of power Tesla driver, reason being he makes it up as he goes along....
Hi barchid, the point I was making re RF was that having been involved with MARS for so long he may wish to keep the association going, I don't recall saying he was successful so the 'get real' comment was unnecessary but hey ho have a good evening. GLA
Nimshy
I did understand what you said but after his less than stellar performance do we really want him back ?
Do you really want a loser back ?
Your call....
All I see is more people with positive thoughts than negative
Enough for me to stay long, thank you.
Good morning barchid and all.
Again I don't recall saying I wanted him, I was intimating that having been at MARS for so long he may not wish to give it up, and when he moves to CCR he could launch a t/o for MARS.
I agree his performance has been less than stellar, certainly since 2019 however that can be said for many co's, the pandemic has hit hard. He did allow too much debt to be built up though, which didn't help.
GLA
nimshy
Indeed the debt was always his problem, it was only with the change of Chairman before the pandemic that this started to be addressed. RF fixed his debt in a derivative type of transaction which collared the debt when rates were going down.
I had several email exchanges with him over that as if that had been addressed, (& it could have), we would be in a far stronger position today, probably with all of the brewery to boot.
nimshy6
For the reasons previously stated, forget a T/O from RF's quarter, it will be blocked by the Monopolies Commission.