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Good morning Trent, I believe that until the requirement is fulfilled to see who are the main holders by identifying via their form 8.3 & 8.5 actions will only then we may see a new offer. Saying that over the weekend I did some extensive searching and I feel we may of seen the last of PE but perhaps a new contender may pop up as the half planted post of "we voted unanimously" against to me whispers "we're open to better offers". The SA Brains deal may be part of the wider picture to bolster a better sale price. The price is holding very well and we're getting closer to the end of the tunnel slowly but surely. Who knows what holds in store, perhaps Carlsberg may decide to to go all in which helps them longer term.
Was hoping our residential Tesla insider may pop up and give us some words of wisdom but then again with BTC doing so well he's probably buying Dogecoin and BTC by the thousands to follow his Tesla messiah.
I hope we are all doing well.
Still no update on proceedings with the Platinum proposition yet I see. Is that a good or a bad thing?
Joe
Very true, it always amazes me that many posters seem to hate to hear any caution ever expressed, apparently if it's not about to go into orbit it shouldn't be posted.
Every discussion has 2 sides to it, perhaps when the pandmic allows Kew Gardens to reopen some of these moon shot posters could visit, they would then surely notice that trees don't grow to the sky !
lol what you talkinboutWillis... it's called averaging down, in other words if you buy more shares at a lower price then you can accumulate more of them (rather than buying/topping up higher just to see the price retrace). Which means when this will hit the likes of 1.20 come spring you can expand your profits
Has everyone left the building or are the pubs open.
Thanks Barchid, I hadn't notice that.
Very interesting.
London
It certainly appears that they have sold about 1.1mill at 100.93 which I guess is broken down into smaller parcels as they were holding them in different funds ?
So it looks as if the buyer was paying 101p.
Interestingly as well Bank of NS has also declared a sale at 101p which would indicate that they sold to the same buyer.
Soon the buyer will reveal his identity, maybe Supercharger decided to turn his Tesla on a sixpence again....
Hi all,
Interesting RNS from the National Farmers Union which shows that they are happy to sell circa 0.8m of their 14.2m holding at 100.93p.
I sold last week for good profit, but personally I wouldn't begrudge it going up more for all the pre-2020 holders......and maybe to ****-off Supercharger.
Based on it going up briefly on open then pretty much holding at 99p despite all the panic sellers??? Wishful thinking. If a deal wasn't still suspected it would have retraced already. It's backward thinking to wish the SP to go down if you've already invested LOL
Looks as if there may be a small retrace before anything is announced, will be great if I can top up even 80-90p
Millionaire - the notification of current holdings is a requirement for major shareholders in the event of a takeover.
In the case of the institutions they are invariably longer term holders of a share and what we can’t know from the declarations of holdings alone is when the originally invested or if they took the opportunity to add to their investment when the price was low.
If there had been significant purchases since the news about platinum had been announced that would indeed suggest that they think a better offer is likely but as London points out there’s been little movement. .If anything at the moment the only time their holdings come in to play for us as private investors is when a formal offer is made and the board make their recommendation for or against. Because usually it’s their votes I total that swing the result one way or the other.
Interesting that there appears to be no rns this morning saying platinum are out so we are in the same place we were when the boards rns came out on Friday, guessing as to what platinums motives for the take over are and whether the brains deal scuppers their intentions or not.
Opening bell will be interesting that’s for sure!
Good morning Millionaire,
This is not strictly true because there have only been two significant changes in the holdings from the opening positions declared on 29th January.
Sand Grove Capital have increased by 1.14% and The Bank of Nova Scotia have reduced by 0.66%.
Total holdings declared were 37%.
Good luck all.
Judging by all the institutional buying and RNS triggering holding announcements they must be fairly certain that a deal is incoming.
I think it depends on what happens next. 2 obvious scenarios spring to mind.
1. Platinum (if still interested) will have put in a fresh revised offer in over the weekend. Or will do at some point in the foreseeable.
2. They'll have decided not to proceed, & walk away.
Hard to know which way they'll jump until we see what we see. Either way, we all know the outcome of the sp either way. Too close to call at the moment.
Lower?! It’s turned down an offer of 105p
Only way is up from here
Will this fall lower short term? Hoping to top up at 75p if I can
No suggestion at all that Platinum knew any more about the details than we did.
They did however know it was likely to happen when they made their offers, so initially it did not deter them.
If they come back with with a new offer that is recommended by the board it will no doubt be subject to due dililigence, at which point they will see the details.
I think any offer will have to get the boards recommendation to succeed, Private Equity very rarely ger involved in hostile bids.
Best Wishes.
Mardler you believe in early December when Platinum made 2 undisclosed offers they were privy to negotiations taking place between Marstons and Brains? If that is correct Shareholders and possibly the Regulator need to be advised. Shareholders were not advised of the Brain's deal until 23rd December and mention of the Platinum offers were not discovered until the end of January.
If Platinum increase their offer as suggested the likely-hood of the BOD recommending acceptance is remote., they are interested in Assets not management agreements, RF knows this all too well.
Dividends were good as is the discount card which was being reviewed 18 months ago.
Platinum would have been aware of and known of the Brains deal.
I feel it will make no difference to their intentions or. the price they are willing to go to.
Agree that the board would be willing to recommend a deal if the price is right, personally think this has to be at least 120p.
This has Been a long term hold for me, the dividends have been great and have made good use of the discount card.
Will be sad if it does happen but money talks
I’ve just done a fill or kill order for a third of my shares for Monday morning with a limit of 95p. Let’s see if I get lucky!
Barchid, completely agree statements after close of play on a Friday are made for a reason when the market has NO chance to react. I add the shortness (2 lines) tells me the news was rushed. Apart from timing and length of the RNS just consider the original RNS (23 December) which stated, " It is anticipated that the transaction will complete in February 2021 and a more detailed presentation of the transaction will be set out on the completion date"
If the RNS was not rushed, where is the detailed presentation? An Agreement of such importance would surely have completed details in good time.
The haste and timing of last night's announcement, adds weight to the view not only were Brain's becoming nervious but RF has no intention to consider a Bid. Until we see the terms of the Agreement with Brains, there is no knowing how tied Marstons are to the Wales estate. It is speculation until those details are fully known, but imo the deal with Brain's has been hastily completed to not only satisfy them but also to signal a Red Flag to any Bidder, "WE ARE NOT FOR SALE"
As far as the BOD considering we are under-valued, that argument holds no water now as Platinum will (a) walk way, (b) see Marston do not wish to consider any offer/negotiation. Platinum are not interested in a bunch of Pubs which Marstons do not own.
Rooney Anand's intentions have been known for many weeks, so Old news . Hypothetically any interest Rooney would have in the Marston's estate will be limited considering the JV with Carlsberg. More likely Rooney will find better opportunities elswhere.
Those PI's who have bought in below 45p may regret not cashing in their chips this week.
I could be wrong but will be surprised if we are not headed back towards 70p.
AIMO
GLA.
Pmoran
I take all your points bar one, which is that Anand is surely interested in buying pubs not renting them, which is what we are doing with Brains?
Hence why I feel it muddies the water. Anyway, it looks to be a long & winding road but we all had the chance to jump ship this week which I guess makes us all LTH ?
Article in daily hate today suggests that Rooney Anand of greene king fame has backing of up to £500 million to go and buy u.k pubs. As has already been mentioned on here shares in other pubcos went up this week based in part on the possible ‘m and a frenzy’.
Even if the announcement of the brains deal being finalised or the contractual obligations within it that we have signed up to were to put platinum off it seems there might be others out there that view pubs to be cheap at the moment and the future to be bright.
The boards reaction to platinum felt to me like a ‘that’s undervaluing us’ rather than a ‘we are not for sale’. So who knows wether platinum will up their offer, whether someone else might be minded to get involved or if the board would even be amenable to a more realistic offer or if they genuinely believe they have the best plan to take the business and the share price relatively quickly to a place beyond what someone would offer today?
It will be interesting to see how it plays out but I was feeling confident about our future before any cheeky offer was tabled and if it goes away and the SP drops back I won’t be any less confident.
https://www.dailymail.co.uk/money/markets/article-9229383/MARKET-REPORT-Investors-toast-pub-restaurant-stocks.html I see from an article in the daily hate today that
It is an old market adage that an RNS after hours on a Friday is very rarely good news and I fear this one falls firmly into that category.
I can see no reason to tie up all the details with Brains when there is a potential offer on the table, this only muddies the water and imho is not in the shareholders best interests.