Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Barchid.
Yes, it's good to be back.
I never thought I was capable of despising anyone as much as Ive demonstated to myself that I despise him. I'm afraid that has taken up more of my time than is probably healthy to be fair. Still. Ive burned most of it out of my system now. Back to things that matter.
Glad you are well.
Trent
All good my end, we've missed you on here recently, good to see youback again !
Don't like the negative talk though that I am hearing from one or two long termers here. Absolutely no chance of a rights issue here now, the whole point of the merger with carlsberg was to provide a much needed life boat - as long as a vaccine comes along soon the tide has turned. Just hope the boat does not have a whole in it..
Good luck with your investing. Happy charging!!
@trent700 it does, thank you for taking the time to explain it to me.
Hi Barchid. Hope you are well mate. I've not been on here much of late. Been slightly distracted with my loathing of Piers Morgan ??????
*RI = Rights Issue
@ Sheena
An DO is a Rights Issue. All this means is that they would offer additional shares to a holder at a set price to raise additional funds for the company. This can be for any umber of reasons, such as reducing debt, to purchase vital new expensive equipment, or to expand the business. This does in the short term often depreciate the share price, but med to long term this levels itself out. Normally they offer these additional shares based on your current holding, for example you could be offered to buy 3 shares per 10 holding. You do not however have an obligation to take up the offer.
Hope this helps.
sold out yesterday, full breakeven - considered myself to be lucky to have been able to avg down from 110-80-27 to finish at a 60p avg. I think that prices will drop as it wont be likely that pubs will get any meaningful trade before spring, and that debt pile wont pay itself...
Hi
Sorry, but new to the share dealing!, what exactly would an RI do to the share price.? Should I get out now lol
Thanks
YoYoMa
I was typing a response this morning just as the forum went down.
I am sure you are right to be cautious but at least the last couple of days shows us what the upside can be, FD is spot on re the debt mountain, especially as the largest lump is at the highest rate and lasting for a long time without easily being renegotiated due to its being securitised, as per my email from RF when I first raised the issue with him. An RI must be tempting, and PeelHunt are here for fees, not Xmas decorations, but if they were going to start book building surely this week would have been the time, so just perhaps they could have another plan.
Well done all who kept their nerve, & perhaps averaged in the darkest days, things are looking more chirpy now eh ?
But caution is surely needed still, as you implied this morning.
About the vaccine and the big rise in sp's yesterday, but I think the market has moved too quick as the vaccine will not be ready for another few months for any real benefit and I wouldn't be surprised to see prices drop back with profit taking over the next few days.
After a very bad conversation with my brother, I was trying to defend the fact that whilst the motion is in good speed why issue a RI however it made the subject niggle at me all evening. The time would be perfect now to stick in the RI and raise much-needed funds to reduce debt. I know the Dec prelims will go more into detail however I cannot think that this figure should more or less be known by them. I guess sitting tight and see what pans out this week will give some relief for the LT its a roller coaster ride still till we can rule out the intentions of fPeel Hunt. I read Fairdealer's comments and agree that it's not an easy task reducing that amount of debt something is going to happen and dont want to lose this off the radar.
Hope so pp. I'm sick of this yoyo-ing of recent times. Some nice steady upward trend for the next few months would be just the tonic.
After weeks of pain, and wondering whether this would recover, today feels like maybe it is the day the corner has been turned.
Yes a very good day all in all, looks like those waiting for 30s well and truly missed out.
Was not expecting this on a Monday morning, this should easily climb over the next couple of weeks when lockdowns are eased around the country.
Is it by 10% or TO 10%
A lot of the pub companies have reduced rent TO 10% - the amount that is generally accepted to be residential rent.
It’s definitely helped in my case with another pub co!
Mars have dropped rents to tenants by 10% will this help them? Notice out today. Not sure really as I suppose if they are closed it will not help their standing costs, although it is helpful? Hope you are keeping well.
As Mark Knopfler once sang~ 'German beer is chemical free, Germany's al-reet with me'
I think we're in for a real treat once this Covid bu88gers off. With the Carlsberg Group purchasing the huge German brewer Wernesgrüner this brings some great German brands I remember very well from my days in Bielefeld Germany. Bitburger & Craftwerk IPA's will be welcomed greatly in the UK markets I feel.
If the Germans approve of our beers that's high praise indeed!
Unbelievable.
Online sales only..as opposed to nipping to the off license and getting a 6 pack and speaking to the cashier. But, the boxes of Marston's that were in our local Lidls here in Germany didn't last long...so send more, bitte!
So pubs can stay open and still serve beer if it's ordered on line first, so you can stand outside and order your drinks on your phone and then be served. Now that is good news for mars.!!!
Daave
Thanks for that, I appreciate your thoughts as you have a different perspective to most of us, by virtue of your involvement in the trade, which makes your input very useful.
Alonso, the new CEO is the CEO for the Carlsberg-Marstons joint venture, not for Marstons. He is one of Carlsberg's men. Ralph Findlay remains the Marstons CEO.