Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Simply Wall St value Marston's at a SP of £1.21 fair value rating, considering all the fundamentals. I've always found them an excellent, impartial judge of a company's value previously. Worth a look if not used before. Expect a small bounce back from today's 'bad news' with any positive sentiment towards the leisure industry, which may well arrive by the end of the day. If not, back to over £1 we quickly go when any sort of relaxing of rules came into force WK of Feb 22nd as per the govt timeline for announcements. Also, there's nothing set in stone to stop a return bid- or indeed a fresh bidder coming in- now the water has been tested for a takeover. Marston's don't appear to be playing hard-ball, they're just sending saying 'make any offer a fair one for all parties'
Do not be under any illusion this will not get to 121p for a considerable time. The whole hospitailty sector is in a mess and no cetainty when this lockdown will end. Even then there are bound to be restrictions on some Social activities and a gradual opening-up. It seems clear Pubs are low down the pecking order for re-opening.
The values being posted here are pure conjecture, how many have researched the financial background of Marstons?
RF seems convinced the future is rosy, that Brain's deal is going to add value, but hang on the Welsh mission comes with hostelries that need refurbishment. Are Marstons to fund? Cannot see Brain's funding in their position, therefore until we see details of the Agreement promised last friday, is it reasonable to assume Marstons are going to fund works to Managed properties to bring to the Excellent standard Ralph promised for our own estate once the Carlsberg deal completed.?
That could be money down a black-hole.
RF has made some questionable decisions in the last 3 years, hope this is not another. As for leaving the door open to further offers. think again, the BOD will reject
taking all factors into account can see more legs under this share and more rise to come:
UK out of EU
the next year staycations being all time high
the overall desire for Brits to get into a pub and beer garden
if you were to tell me that June to September 2021 was the record months for alcohol consumption in pubs in the UK ever I would believe you.
the sheer amount of people doing dry months on the lead up to ready to have fun when pubs open again is massive.
combined with people wanting to get out of their homes can see marstons making a ton of cash over this period.
BBC: 'Pubs deluged with beer garden bookings'
https://www.bbc.co.uk/news/business-56296518
the fact that they are now saying for foreign holidays you will need proof of vaccine and the majority of the youth (18 to 45 year old) population have yet to be vaccinated means alot of people will want to party but stuck in UK.
As such, imagine the sheer amount of money that will be spent in pubs over June to Sept time, massive amounts.
@Clairesmith.
That sounds like a win to me.
more good news for Pubs:
https://news.sky.com/story/covid-19-al-fresco-boost-for-pubs-and-restaurants-with-councils-told-to-slash-planning-red-tape-12238455
"Red tape must be cut to make it easier for pubs and restaurants to have tables and chairs in the street or put up marquees in their beer gardens, the communities secretary has said."
Will never understand the mm's... so many bought, half as many sold... where is the SP increase!
the MM know that this has great potential. everything about this company is saying its been set up for a very strong potential in 2021 and beyond.
great time to top up, strong company and moving back into multi revenue stream times
i imagine a natural cool off from the take off bid talks and that the share has done well over the past 6 months.
but that means a opportunity to make some easy margin as solid company, and about to go into an insane period of social drinking
and hey pesto :D
Beer is flying off the shelves in supermarkets, i can never get the box of 9 bottles of Marstons for 8 quid in Morrisons. This can only go one way in 2021/2022.