Firering Strategic Minerals: From explorer to producer. Watch the video 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.
I sold some of these last week for 83p ish and looking to buy back in again , but it would be nice to get it down to 70p first but that's being a little greedy i think. or just lucky.
cant really see 70, looking at what they posted last year in the worst time of covid, and that home drink sales have been really good, can see them being in a great position and the share price bouncing back up fast
Trading update next week I believe and then the annual results at the end of November, judged on last years finals. GLA
i suspect the annual results are going to be good, and at the moment the MM and big boys are pulling the price down to buy up the shares cheap. looking at trading patterns for the past week this has been no real reason for the drop.
The end of July trading update was encouraging and with the majority of people having staycation holidays that should continue, there was a fear that pubs would run dry, but if that has been avoided then it all looks positive. GLA
from the last trading update in July: "Significantly improved trading since 17 May, and better than our expectations"
and dont forget that Marstons owe 40% of Carlsberg Marston's Brewing Company Limited
correction:
Marstons own 40% of Carlsberg Marston's Brewing Company Limited
Marston’s hold 40% stake in the merged firm, which will be named Carlsberg Marston’s Brewing Company (CMBC).
Marston’s will also receive a £273m cash payment upon completion of the deal.
The deal is expected to create significant value through synergies and productivity improvements, with CMBC predicting reported annual joint venture cost synergies of approximately £24m by the end of the third year following completion.
Carlsberg Marston’s Brewing Company will have assets including Carlsberg UK’s Northampton brewery, London Fields brewery, and national distribution centre; and Marston’s six national and regional breweries – Marston’s, Banks’s, Wychwood, Jennings, Ringwood and Eagle – and 11 distribution depots.
It will also have access to Marston’s pub estate for its beer portfolio.
Carlsberg UK brands include Carlsberg Danish Pilsner, Carlsberg Expørt, Poretti, Tetley’s, Somersby cider and the London Fields Brewery craft portfolio, brewed in Hackney, London.
It also holds the brand licences in the UK for San Miguel, Mahou and the Brooklyn Brewery craft beer portfolio.
It's being shorted by:
GLG Partners LP 0.92% 5 Oct 2021
Marshall Wace LLP 0.50% 27 Sep 2021 (new entry)
GLG Partners LP 0.82% 13 Sep 2021
Very oversold now on all timescales. Buying remains robust as it should at these levels.
But volume is minimal
Just doesn't add up really, gets sold off yesterday with everything else, 5% drop, then today Ftse, dow, nas all recovering but sell off continues, same with a bunch of other UK shares, they get sold off price wise but never seem to bounce.
Everytime I top up anything after a bad few days, they go down further. Give up!!
Don't give up JG, I'm sure better times are just around the corner. Many of us have experienced the drop after we buy and will no doubt continue to do so, it's infuriating but hold on for news from MARS over the coming weeks. GLA
jg68 don’t panic , loads of shorts in the stock as we trade today ! They are going too get burnt very soon trust me !!
I wont give up , just bought anotger 10k, funny how the MMs are giving us all 15 minutes of bounce today, the last 15 mins trading!!
Cheers guys
JG68: do let us know next time you buy anything. We can all simply wait a few days and buy in after you. haha
Ltcaptain
I will haha.
It shows how little I know really.
I was feeling all smug with myself because over the last 2 weeks I had taken some profit and had a fair bit of powder for a sell off, and then managed spend it all yesterday and everyone I bought retraced further until 4 15 today, where I'm even on a few from yesterday.
Still, I'm happy with my MARS purchase at 73 today and the 74 yesterday, but my overall average is still around 76 so really worried.
As someone else pointed out, the board had good reason to decline the 105 earlier in the year, so getting in at these levels seems a no brained
Some interesting posts here today, much wishful thinking. Forget any merger/takeover and certainly not at 120p.
As mentioned the board rejected an offer just over 100p from Platinum, in January. Since then Marstons agreed a Management agreement with S A Brain. The number of pubs to be managed mysteriously reduced from the initial statement.
Marstons only own 40% of the Breweries basically managed by Carlsberg.
Any offer would omit the Brewery, a considerable asset.
Investors should be aware any imaginary offer through RF's New post would not succeed for this reason. C&C is part of the Heineken Group, a much bigger brewer/supplier than Carlsberg, the Monopolies Commission would block any merger/takeover.
The hospitality Sector generally is in a mess. Apart from Whitbread, companys in the sector are down around 20% since July. Whitbread had the foresight to bolster it's balance sheet with a significant Rights Issue last year, some thing some of us believe Marstons should have done.
The Trading Statement next week will make interesting reading, but do not be under any illusion. Others in the sector have posted dire figures. Any comparison with Revolution only goes to show how a relatively small Pubco can adjust in the current climate. They only have 56 pubs.
GLA, but do'nt get swept away with the euphoria being generated.
DYOR