The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
And the weather forecast for April isn't looking great....
70% of pubs trading at probably below 20% of capacity... this is going to be a complete s***storm!
Encouraging and especially upbeat re the waivers.
I expect Fairdealer will have an angle on those as it is something he has always had a very useful insight on.
The Group expects to reopen around 70% (c.700) of its managed and franchised pubs in England with outdoor spaces on or around 12 April and, subject to final regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.
Has the feel of a stock that has some movement in it as we get to the 12th April and 17th May (lets hope its upwards - time will tell........).
Light at the end of the tunnel and being able to open in some fashion next week behind this I think.
Either way. This is nice to see.
I noted that my newly acquired shares in FUL is up a midge too, as is my SGC holding. Happy times ahead I think.
I san see MARS nudging £2 within 2 years. Just let the Country out of this claustrophobic straight jacket, long enough to breath again.
Sorry for off topic here, but @JoeKenny.
I've looked into both, but did not want to buy into both, (I'd have had too much risk in one sector) so I opted to buy into FUL with a small 1900 holding as a punt. To me, they looked to be in a stronger position than COM in my judgement. I think what swayed it for me was the comments made that they were looking to expand once normal trading resumed, and that they were prospecting to get better deals on rents on sites they think they will do well on.
That suggests a shrewd strategy to me.
May fortune favor the brave/foolish.
Oh, and a happy Easter to all holders here.
Glad to hear Trent.
It does give me some confidence that I'm not alone in my thinking. I strongly believe the likes of COM, FUL and Restaurant Group have a long way to go before they are back to their full potential- so there's a nice couple of bucks to be made for us private investors over the next 9 months (given that as my personal time frame since that is when I think consumer spending will be at its height (Summer-Xmas) before receding again next Jan).
Pent up consumer demand has never been so strong: simple economics, currently witnessing a strong V shape recession, all people need is a bit of financial literacy .. and well, guts!
GL :)
RF has missed you, unfortuneately he decided to jump ship and No one knows how many of the Welsh venture are to be opened. It is known 40 will not pass H&S regs and many of the rest are city centre drinkeries with little or no outside space.
"Brain" box can you provide the logistical information?
I'm glad no one took the advice of Selling low and buying High, they'd be in the same boat as you now! Heaven forbid your strategy is something like a Terry Pratchet novel. The opening statement of "Yes agree Its looking like a good time to be back in here" is very good especially as its April SuperDischargers day!
Well at 98p you'll do well to sell at 96p and top back up at 99p.
DYOR & Stay safe
@Super(?)
Well a reasonable crack at an April fools joke from someone who sold at 50p from memory after puffing them thrice daily at least for some months, so now you can only buy less than half as many as you sold a few months ago for the same money ?
Well that sounds a great idea to me, not.
Yes agree Its looking like a good time to be back in here. Perhaps RF should be congratulated with a Stella deal with the Welsh Pubs as they are coming out of lockdown sooner than most. He has used his Brains! If foreign travel is restricted as expect and more stay to sample the Uk then Marstons will do very well in the second half of the year to start clawing back some money big time.
It will complement my modest holding here too.
@ Joe Kenny.
Actuqlly, I've had a bit of a re-think. I've had a bit more of a look at both COM & FUL, and of the 2,
I'm tempted to dip my toe into FUL with a small holding. Nothing too extravagant, 1000 or so shares.
My limited research so far sees enough positives to peak my interest.
I'm liking the expansion plans & low debt levels.
And I have a soft spot for Greek food. Only down side is no Greek food restaurants in my area.
Thought it would be worth just put 1k or so in each, think it'll pay off as things reopen.
You too Trent, think we're in for a good year
@JoeKenny.
RE: FUL & COM.
I did have a bit of a look at those two myself for a little dabble but decided against it. Not because I saw anything wrong with either of them, but more to do with having enough dosh tied up in the sector.
That said, whatever you decide to do, I hope it works well for you.
At last. Looking promising.
It's the same with my sgc holding too, yippee!
Australians have been going to the pubs and restaurants (based on reservation numbers) twice as much as they were before the pandemic. Great sign for UK pub and restaurant stocks.
Loads more articles like this online too:
https://www.just-drinks.com/news/australian-on-premise-rebound-a-harbinger-for-rest-of-world-analyst_id132599.aspx
Increasing my holding here alongside the smaller cap COM and FUL shares
Thanks fd20.
I see the shop has been closed from today. Message on door.....Any one local know if this permanent ?
In essence Marstons have asked that loan payments are defferred ( waivers) on a particular class of Loan ( class A Loan-notes)
This is the 3 rd time the company have requested and agreed by the Lenders ( loan-note holders) the waivers.
Have accessed the Solicitation Documents at https://sites.dfkingltd.com/marstons. the documents are very weighty of biblical proportions and realy require reading and studying, preferrably by someone with a Financial Law Degree.
I have picked one or 2 comments/statements that strike me.
The company currently has circa £540m outstanding on Class A loans in principle.
The company projects loan interest shortfalls until Jan 22 quarter and has requested the new waiver agreement is extended until October 22, given No further disruptions, due to further Lockdowns.
The Note-holders require the payment of an " Early Instruction Fee" ( new phrase to me, which as I read it means this fee is payed at each installment of the Class A loans. This fee is 0.5% , which to me is a way the Note-holders have circumvented the orginal agreement which was based on LIBOR. In other words, as I read it, and increase of 0.5% in interest charged.
Another important factor is the company have declared LF ( Liquidity Facilty, overdrafts to you an me) will not be reduced and will be extended/increased in order to make Interest payments on the Loan-notes.
I am yet to see anything about suspension of dividends, but am still reading, in between surfacing for air!!
I would suggest those are interested and have the inclination, read the documents stated, but give yourself a few hours of peaceful isolation.
Sorry Yoyoma - lse kept switching your name to Toyato !!!
Hi fd20 & Toyota- can you explain briefly in simple English what the rns means ?? Thanks - sewton.
Thanks YoYoMa better info than the RNS although still need to find the Notice of Solicitation which will give the nitty gritty and what conditions Note-holders have placed on the waivers. In particular payment of future Dividends which I suspect is going to be not what many expect.