The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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For year end numbers to Oct says
Trading loss £397m, Total debt £1,633m , £233m from Carlesberg deal which was used to pay off debt 30th Oct.
So not sure if that £233m has already been taken off the total debt of £1,633m so it could be £1,400m debt .
So maybe the take over offer of £1.05 is fair after all .
Fairdealer, I was in here months ago and sold out for a modest profit way too early. I know you know your stuff, but can I give you some advice?
You all need to filter DubleD, he adds nothing to the ODX board apart from way too many green boxes now to the vast majority of other posters.
Hope you don't mind my interference, it is well meant.
GLA, this is a great company.
Let’s all not get diverted from what’s going on here. Typical American hard nosed private investment company, putting in a very cheeky bid to take out Marston’s, now that they’ve received the money ?? from Carlsberg, & have paid off a load of debt. A bid of £1.05 is laughable ??. Keep your nerve, & repell all boarders.
Just key in "eat out to help out warwick university" and you'll get it. No doubt some disillusioned alumni of the said university, or some Oxbridge men, will now come in to rubbish the place and all it stands for. But I knew it was dodgy when I looked in at the windows of a massive curry restaurant near to me the first night it was on, and I saw the packed tables jammed together, no barriers, no distancing. More than one local doctor has said it was a disaster. And this was countrywide.
A classic Carlsbeg trait :-D
Town, that you disagree with me doesn’t surprise me in the least. That the efficacy of the vaccine has now gone down from a published 60% to 50% by the time you responded to my post does!
Fact is we just don’t know what will happen so as always have to go with what we think we know. I shall be keeping my marstons shares on the basis that I think the light at the end of the tunnel isn’t another train in its way to wipe me out. By all means you sell yours if you think we are in for 12 months more of lockdown and pubs being closed.
Let’s not get carried away too much with the significance of vaccine mutations folks, they are a perfectly normal thing that vaccines do and whilst there is always a possibility that a new variant could mutate enough to become resistant to a vaccine there is no indication that this is the case with what is being termed the South African variant.
The Kent or U.K. variant had a change to the protein spike (the method a virus uses to attach itself to our cells) and this made it easier to transmit/catch. The South African variant is similar in that it too has a different or amended protein spike but the significance of this one is that it makes the virus more able to bypass the antibodies in the host. That means that if someone previously had the virus or has received a vaccine to protect them from the virus the South African variant will be more successful in attacking the host than either the Kent or the original covid variants. That doesn’t make it more deadly and the tests that moderna did on the various vaccines suggested their vaccine was 90% effective at stopping original covid variant, 80% effective on the Kent variant and 60% effective on the South African variant all 3 results being within the WHO guidelines for acceptable protection.
So you might have had covid or the vaccine but could still catch one of other of the various variants knocking about but you will still be sufficiently protected so that you do not fall seriously ill or need to be hospitalised.
The problem is that mutations are a natural process for a virus that are essentially accidents or mistakes that happen when it replicates and the only way for a virus to mutate in this way is when it finds a new host. So if the South African variant were to mutate again into the let’s say Walsall or the Surrey variant what if that one develops in a way that renders a vaccine ineffective? There’s no evidence to suggest that it either can or will mutate in way that would render the vaccines useless given the knowledge we have about the way covid viruses work but it would be folly to assume it can’t do so because let’s face it we are still learning about this particular strain of covid. So the sensible thing to do is to try to stop the South African variant from spreading as much as possible thus preventing the opportunity for it to mutate.
So maybe not quite as doom and gloom as it would appear but essential that we test as many people as possible in those areas where we know the SA variant to exist to stem the spread.
Sounds interesting. Link please.
DD I beg to differ. The powers that be have acted so rapidly with site specific testing ....are they worried?
another few pennies then breakeven then out i go.
Recent research suggests that the Eat Out to Help Out scheme drove up new infections by between 8 and 17 per cent, so Rishi Sunak will think twice before he pushes something similar again.
Towncalledmalice - I don’t usually comment on BB where I m not invested. But I don’t like to see people spreading misinformation. And You sir, are doing just that though.
Can you send me the link/article for the banks buying please? I can't seem to find any info on it
Oh dear! The end is nigh! Go and buy yourself a board and stand in the centre of whatever doomsday town you live in
Q3! I think we all need a trip to the Isle of Man!!
Can’t see pubs opening until Q3 if the breaking news of the Kent covid-19 strain starting to mutate beyond the capabilities of current vaccines is backed up by senior scientists later today.
Maybe 105 is the real deal.
Plenty of news to play out during this week with this latest press release and the South African variant starting to show its hand in the UK. Will be interesting to see how Sturgeon handles her press conference this afternoon as she was due to announce if Scotland’s lockdown is to be extended into March.
Presumably nothing to stop Carlsberg doing a deal with a bidder to buy the 40% of the brewing business later
Carlsberg will be well aware of proceedings, but as Fairdealer pointed out, they are primarily a Brewer, and unlikely to be interested in the Estate.
Plenty of action in the share price, time will tell.
Carlsberg may well be aware of proceedings here. To me, I'd say that it all depends on what they want to do with this information. So they possibly want to consider putting a bid in for the pubs themselves to diversify from just being a brewer, to having the facility to sell their products in their own pubs, as well as selling to competitors? that would be a win-win for them if of course they would be permitted to do so. I'd imagine that such a proposal would have to go through a monopolies inquiry first to look into competition rules of course.
It's all speculation of course. time will tell and all that.
Funny how Shore Capital have come out again today with under review and No price yet, talk about keeping your powder dry.
The way it's moving we could see 95p today which says to me the city think there could be some firm offers coming above £1.
Daave very agree. Pubs, Hospitalities not open until at least May and then possibly on a structured basis to prevent a kind of madness many expect when the "jail doors" are opened.
Carlsberg only interested in Brewing which can be retailed through outlets other than Pubs. They know only too well the Traditional British Pub has been disappearing for years.
Jed.. you thoughts on possible take out prices is not agreed by the Market, we would be someway North. The market seems unconvinced we will go much above the percieved offer.
Is that before or after they let children go back to school?
Personally I don’t think they will allow pubs to open till around the 10th of may at the very earliest.
Looking at the sheer speed of decline in COVID cases across the UK. I predict that in the next 6 weeks pubs will be reopen nationwide with covid secure measures in place. Eat out to help out schemes reintroduced.
I agree. Carlsberg may already be considering. Two offers and a bidding war. SP will rise to £1.50p