We would love to hear your thoughts about our site and services, please take our survey 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.
Been very busy lately as you'd probably guess but here some nice B&W verbiage on the CMA
https://assets.publishing.service.gov.uk/media/5f7f3517e90e077417b16be8/Carlsberg_Marston_Summary.pdf
I am confident that on the Q3 results an added bonus maybe announced which will drive this to a better place. Well done for all those who remained positive and live Ive said before here's to Q2-Q3 next year!! My time is now completed here. Take care everyone
Yes agree. Have to look beyond the short term impact of CV and start thinking about the the horizon value. All those future cashflows in a wider distribution channel. Great opportunity. Was happy with MARS as a long term hold when it was £1..
'The two companies will merge to create the Carlsberg Marston's Brewing Company in a deal that values Marston's at £580m and Carlsberg UK at £200m'
current Mcap = £290m
The media must be sleeping - no reports of this so far..
Maybe they are all still looking at RR.
@FD
Re genius, a flat battery perchance ?
This will pop suddenly as the value here is huge, being part of Carlsberg family is a big deal. Just hold for vaccine news in a month or so IMO and you will see huge value being unlocked for LTH!
This is a huge morale boost for us all and also we still have the Q3 figures, but before we all get excited we still have to keep one eye on the ball when it comes to closures next week. Personally when we shut at 10pm its nor here nor there in the revenue. This morning I expect some revenues to creep up. Good luck everyone and remember these can still go down with negative press from the wretched BBC
I'm so pleased to hear the JV has been cleared but we could have seen this coming? I'd expect a modest gain today and a boost to morale for all of us holding but no crazy rises like we saw in May. Obviously I'd be happy to see 50p levels again as currently I'm sitting at a loss but I don't imagine we will until at least after the trading update in a fortnights time and the virus situation for the next few months becomes clearer in terms of vaccines, support for the sector and restrictions. AIMHO. DYOR
We have one of the world's biggest alcohol brands behind us, what's not to like!
Buys coming back in
@ barchid
Where's genius? Looks like his grape-vine has failed!!!!
50p+ coming hold tight
@Fair Dealer
Exactly so !
50p today?
Reminding us of the massive value the JV will generate:
Marston's PLC ("Marston's") and Carlsberg UK Holdings Limited ("Carlsberg UK") form a new JV partnership "Carlsberg Marston's Brewing Company ('CMBC')" to create a best in class, brand-led UK brewer of scale
· A long term joint venture between a leading global brewer and established UK pub operator to create a best in class, brand-led UK brewer and distribution company with increased scale and resources
· Values the Marston's Brewing Business at up to £580 million (13.0x adj. 2019 EBITDA) and the Carlsberg UK Brewing Business at £200 million1
· Marston's to receive 40 per cent stake in CMBC and a cash equalisation payment of up to £273 million2. Carlsberg UK to receive 60 per cent stake in CMBC
· Significant value creation through synergies and productivity improvements, with reported annual joint venture cost synergies of around £24 million expected by the end of the third year following completion
· Cash equalisation payment to Marston's PLC will materially reduce debt outside the securitisation and provide additional financial flexibility
· Marston's to focus on its high quality, well invested pub and accommodation business while retaining a 40 per cent interest in a larger, more attractive brewing business
· Following discussions initiated in late 2019, the transaction is anticipated to complete in Q3 of this calendar year, subject to shareholder approval and competition clearance
Agree Barchid. Now the hard work starts.
The company has been in a state of hiatus for weeks, now the BOD can flesh out plans for the future.
YoYoMa
5.6m shares traded yesterday, you were dead right that perhaps someone had a sniff of the CMA result, that volume and todays news was no coincidence was it ?!
Great spot though, thanks again for alerting us
Some good news at last !
Going to be a very interesting day today. I will just be sitting back and watching.
:o). GLA
Fireworks today... Back to 70p we go!!
Rns!
Yes good and agree with you for once to have Peel Hunt on side is beneficial. I also can see if their rating in June and since then Online sales will have flourished and Pubs have reopened (although I am in favour of online sales at the moment I expect them to give an improved rating since June with the JV and all.
Perhaps is should not be returning to 120p that J.P.Morgan said previously. -Work that one out! nice little trickle up today you should be very please with that being shareholder. (but me thinks not!).
Peel Hunt appointed Joint Brokers for Marstons ely August.
Work it out???
Perhaps that would encourage all the day traders to actually buy some Marstons where the whole world and his dog know that the future lies with online home sales, particularly during a pandemic.
One only has look about you on this web site under the heading MARS BROKER RATINGS let me spell this out for those who cannot understand what is being said :-
09-Jun-20 Peel Hunt LLP Buy - 95.00 Reiteration
YoYoMa
A very astute suggestion. TBH I'd not noticed the size of trades today (4.52 mill by 14.30) but someone is certainly being v active. Looking at funds who could be sellers, perhaps taking a view on a further closure of English pubs later this week as per media stories; Slater has 2%, a lot of them in his income fund, possible he bit the bullet? Otherwise it's NFU, very long term holders usually, or Staberdeen & M&G in UK other than nominee a/cs.
Whatever the reason, your post is wildly more informative for investors than remarks about petrol in asda, etc etc.
Thanks for drawing our attention to this high turnover.