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Than answers for me. Such as:
How much has this deal cost us?
Where has it come from? and
what exactly are we getting for our money? Just the pubs? (Altbough, I'd get the logic of that, income from staycationers next year perhaps). Are Brains keeping their brewery and under contract to supply the pubs, and for how long?
This rns to me says very little.
Can't be bad, a delayed 139k buy deal from today
cant be as bad as banks surely that is gross.
There are various schools of thought regarding the Pub Sector. Some believe once the pandemic is behind us Beer Houses will return to levels equal to or higher than pre Covid. The thinking being consumers will just want to get out.
There is another school of thought which regards the continual reduction in Pub numbers as an ongoing process. Add to this belief lockdown has changed consumer habits, they still drink but from other retail outlets, where from a brewers angle margins are considerably lower.
Drinking behaviour has been forced to change, the $64,000 question is will drinkers flock back to pubs? I have doubts and as stated many weeks ago would hope to see MARS re-inventing it's Business model looking towards the future leisure environment that will emerge once Covid is over. For Pubs to survive and prosper they need to innovate , which some have and are, but needs to be a coordinated plan led, and partly if not wholely funded from the centre.
AIMO
With Barnier pushed aside with Merkel etc taking on Brexit negotiations I’d say a deal, or the announcement of one, is imminent. I’m a LTH from March so I’m staying in for sure, may be a few bumps but I don’t want to be out of the market at present.
Also, the Brains news today shows this pandemic hitting the smaller brewers with very large companies able to weather the storm and expand their empires. Good news for the big guys - and their shareholders.
Anyone thinks the acquisition means this SP will continue to increase beyond 70p? Or is it currently overpriced in this climate? Unsure whether to top up
Fair Dealer , YoYoMa & Mysterious
Yes the market certainly seems to like it, but the more I think it over the chancier it seems to be.
I am guessing that there will be a price to pay to keep these "taken on" premises up to the standard MARS are now setting themselves elsewhere, also guessing that these "new" pubs might not be "profit accretive" as swiftly as hoped, these things rarely are & if either of these 2 guesses are correct it reduces the free cash flow needed to cut into their debt mountain. This was an essential target of the new Chair even before covid so I can't, without Daave's sort of knowledge of licensed premises likely cash flow in these circumstancee, be anything but very cautious.
So Daave, if you have any thoughts please,they will likely be very interesting.
Having worked for Breweries for over 22 years I cannot understand why Brains have disposed of their pubs unless they weren't doing very well prior to the pandemic..
I know most chains / breweries are offering free or reduced rent to ensure there's someone left to open their pubs back up.. Lets face facts that without tenants and managers there's no business..
Turnpan
Lordy, red barrel, what a shocking drink, it's not still available is it ?
Barchid, YoYoMa,
It is indeed a brave move when Public House sector is being punished so hard. Brain's have clearly hit the buffers and a lifeline in the form of Mars arrives. Brain's have there own Brewery and one wonders how this arrangement will fit with Carlsberg, as it seems Brains Brewery is not part of the deal.
Did understand MARS were intent to build a Pub and Accomodation Business of Excellence once the JV complated. Not sure how taking on a further estate, whose condition etc is not known, fits in with the strategy stated.
It would be useful to get Daave's viewpoint? I expect to talking to some business contacts in Wales later today and will get a view.
At least the market likes it!!!
Marstons doing this is a big "we will be okay statement", and a great market growth play. If they can do this with a few other regional brands come 2021 pub openings they will be absolutely racking in the cash.
Although the Pfizer vaccine has began its rollout, the Oxford one is the game changer due to the ease of mass distribution.
Too brave a move for me. Have sold my holding this morning. Bought for dividends a few years ago. Not my best move but who saw C19 heading our way. GLA.
Solid move, taking over chains to make a bigger dominant position in the market.
Increase foot fall to sell product and gain savings in bigger purchasing power.
Can imagine maybe them doing this with another chain in the next few months, and come mid 2021 being in a great position to make lots of revenue.
Personally I cannot see the price rocketing as the vaccine is already on the streets by another vendor. The approval process is taking time as they're probably dithering over acceptance and how to dispense the vaccine, do they go 50% then full shot or double shot with the lower efficacy rate? With it being already the 23rd I don't think we'll see it this side of Christmas however we can only wait and see like the decision on trade with the Bloc.
Has anyone ever drunk Brains bitter? It's worse than Banks and nearly as bad as Red Barrel.
Brave move but could reap the rewards.
When the Oxford vaccine is approved I can see the SP rocketing and this is imminent.
Perhaps this is in the strategic planning of getting rid of some deadwood themselves and offsetting the costs of those towards the SA Brain transaction? Very bold move considering the debt pile already, however Wales (as well as England) has been punished severely during the pandemic and probably needed the lifeline like Mars needed the JV. Thoughts?
So in basic terms a full takeover but still keeping the brains name to trade on.
Interesting deal today with Mars taking on the running of Brains pubs in Wales, as per rns just out.
Yep...caught that one also...not doing so well elsewhere unfortunately...ha ha...but it will all come good in the end
Kind regards
Jimbo
YoYoMa
I was thinking rather the same, with Tesla & Tinder running through their usual motions, realising it was rather sad that Syd James & Barbara Windsor are no longer with us so that we now go from "Carry on Camping" to Carry on Marstons, or given that the T&T posts register highly on any popular BS detector perhaps someone else has an apt name for it, please not Khyber or Khazi though.
A box of Pedigree to the winner ?
Just like I said big bounce just happened
Today’s board is like someone has opened a box of confetti chicken pellets! Tesla with his misguided BS ‘Strong Sell’ yet remains a ‘0’ holder of shares but now seems warmed to Mars....then there’s the puff dragon free loving gang banger etc who said it’s all fake....I think we’ve our very own BB panto.
Big bounce due, the amount of sales and the price did not really drop that much, which shows amazing strength and the moment the buy kick in back up we go.
Look at the buys from end of last week, there are some bigger players that want to lock this share up.