Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
@Jedclampit
I think you might well be right. I can see 75p coming through the course of today.
The sp is holding well so far because very few people have seen the RNS about no bid, can see this going back to 70p ish no trouble.
Most of us "Pi" are up on our initial investment. The SP was trading around 100p a share, so selling at a 5% premium (when the whole sector is down due to lockdown restrictions) would have been very short sighted by the board!
Holding up well considering current sector difficulties, undervalue offer the reason.
From the Platinum RNS, point (a) seems to leave the door open for MARS board to reconsider an offer, but the initiative must come from MARS. No doubt large shareholders will be sounded.
Hoped for 130p. Has climbed from around 40p over the last few months and see little reason for this to climb higher unless another bid. Which the directors seem determined to reject. Pubs are going to be shut for months. They could have given a price they would accept but too cosy I guess in their well paid jobs in the middle of a pandemic to bother with such things it seems.
11 February 2021
Marston's PLC
Update on possible offer: No intention to bid statement
The Board of Marston's PLC ("Marston's" or the "Company") notes the announcement by Platinum Equity Advisors, LLC ("Platinum") dated 11 February 2021, confirming that Platinum does not intend to make an offer for the Company.
The Board continues to believe that Marston's is well placed to benefit from the opportunities in a post-COVID 19 trading environment, following the completion of the SA Brain transaction and harnessing factors such as a reduction in on-trade industry supply, and increased home-working that will benefit pubs in suburban locations.
Marston's has a strengthened balance sheet following the creation of the synergistic joint venture with Carlsberg and significant cash headroom, enabling it to continue to absorb the impact of the temporary Government restrictions.
We welcome the continued nationwide rollout of the vaccine programme and look forward to rebuilding trading momentum once restrictions are lifted.
Quick recovery of the SP following this morning's auction following the RNS shows you there's likely something still in the pipeline about a takeover by a different interested party. Or that there's a lot of positive sentiment around pubs being close to an announcement re opening again.
Why the board didn’t take the offer. Can’t see SP improving anytime soon. PI’s shafted again
No bid was inevitable but great news in my eyes.
Platinum being the buisness they are thought they could get MARS on the cheap but everyone knows MARS are in a great position and poised to capitalise post Covid.
Managed to make a few quid out of the bid but will be buying back in now and hopefully we can realise true value GLA
After Friday's events , No surprise. Could not see PLatinum taking over a bunch of pubs under management and Brain's are not prepared to sell. We are still waiting for the Management contract details promised to be released at the same time as Agreement completion.
We will soon see how the market reacts?
Well today I am expecting the price to plummet back to 70's as now everyone knows the intention it will be a read day of sells.
No bid being made.
Platinum just issued their RNS
Lucky you , I had a little shuffle of my portfolio in January and sold at 70p to focus elsewhere , can’t win them all I guess
I totally understand the concept of averaging down. It's just to openly wish for a significantly lower sp the moment a decent upturn happens- at a time when we're hopefully the road to recovery as the end of lockdown nears- is generally a very backwards concept! By all means say you're happy for a lower sp in defiance if the sp has subsequently slipped a bit.... but it had literally just reached the highs of above £1!
@Lyncj01, thanks for the update regarding the privilege card. I guess we shareholders won't be quite so privileged after this October when the current card expires. I certainly intend to make fullest use of this excellent share perk before then though, lockdowns and mutant variants permitting that is
Check the RNS both lots were bought on the same day. Maybe they ( Bridget Lea and Husband) are getting their accounts up to date???
Bridget Lea became non exec in September 2019. In June 2020 she bought 25k shares @ 62p. She's bought another lot at same price 10 months later. If she sold the lot today that's 15k profit.
Always a good sign when you see more internal purchases
Wouldn't they have to declare share holdings of % they hold thus meaning if they did then it would also breach many rules of conduct. Peel Hunt will be doing their due diligence in the background as will JP Morgan Cazenove.
If this is a long term play by Platignum they probably purchased their shares pre Xmas at anything between 65p/70p, then with the medium term outlook for hospitality sector grim and possibly another trading year uncertain they need a return, Why not make a bid that is almost certain to be rejected but leak it to the market then retrace but sell your shares at £1 ish giving a 3 months return of roughly 50%? Couldnt happen - could it ? Happy days and good luck all.
Email I received from MARS re their Privilege Card:
''As a result of the impact of the pandemic, we will no longer be issuing Privilege cards to new shareholders from 01 October 2020. In the current challenging economic climate, the Company is reviewing all costs across the business, looking at how best to support our pubs and reward our loyal customers. We are working on a new wider reward system for all who use our pubs and lodges and hope to announce further details soon.
If however you purchased the shares before 01 October 2020, please provide evidence of your holding (copy of a contract note for example) and I can arrange for a card to be posted to you.''
YoYoMa
Funny how the man who was always steps ahead of everyone else has gone into hiding in his foxhole, maybe he is still working on the name of the beer to be released to salute Captain Tom R.I.P., perhaps Jarel Robinson-Brown IPA could be a start ?
Failing that if he is still working on his cgt submission to max out he & Mrs Tesla's £12,300 free allowances he might still be looking for where all his boasted about profits have gone ?
Meantime the chicken pellets and tinder enthusiasts seem in short supply at present, which is no bad thing.
I don't know about the offer, but I do know we inch ever closer to March, daffodils and the hospitality sector reopening.
Hopefully the offer will set the low price for the stock, even if it falls through. Perhaps we can get to 150p with a sunny summer blowing the sector along.
Hold for sure.