Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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In return for loan waivers, with Banks, Mitchells and Butler have agreed to pause dividend payments until after year end September 2021.
...FTSE permitting. The sell-off has enabled some good buy-in ops. This tends to follows the FTSE, but it also has its own, news-based dynamic . Come on Boris... let the pubs open up, with sensible anti-virus measures of course. Stay safe...
Market recovering
I've done that myself a couple of times in the past. I'd sold out at a small profit & rd-bought back in on the retrace and copped for a few free shares.
I wouldn't do it in the current climate though to be fair because as you say it's just a little too risky for my liking.
I'm more happy to just sit tight on my humble holding for now.
It's a good day trader if u have the bottle to do it but risky.. I sold early and rebought and got a few extra shares from the same amount that I sold for Wouldn't recommend it as its a risky strategy
Depends 18palm. if you continue to hold the question you got to ask yourself is "Is there life on MARS?" I mean take a look at the lawman beating up the wrong guy. Oh man, wonder if he'll ever know.He's in the best selling show.Is there life on Mars? It's on America's tortured brow. If not,then sell for sure.
is it worth selling now and re buying if marstons shares go down even further??
FTSE 250 Deletes:
Bakkavor Group
Forterra
JPMorgan Indian Investment Trust
Elementis
Mccarthy & Stone
Marston's
Stagecoach Group
Senior
Hyve Group
ftse 250 down by 0.65% so marstons wont be up till ftse 250 is up again
Liberum been saying this for a while now, nice to hear but where is this ‘90p’ ... would like to see it soon, prob won’t show its face until 4th July
fairdealer
As always, you sum up the relevant matters fairly & with insight.
I suspect the few institutional holders of this stock (& they are few and far between these days) will be exiting on the back of private punters speculations, some, not all but some, of whom think that they will see a fully restored dividend next year & others who think it odd for investors to visit some premises to see how their investments are coming along.
Drinking regularly in pubs is a generational thing, those who do it are dying out, younger drinkers seem to prefer ****tails to IPA's, pints of bitter etc, another headwind which is unhelpful to the SP.
Speculators will not determine the value of the SP, that is a market function. Whether it remains in the present range or moves above £1, some have stated 120-150, one even stated £3, is pure speculation.
The company faces significant head-winds, as do most hospitality co's. No one knows the final and lasting effects of the Pandemic, talk in Government circles of 5-6 million unemployed, by the end of the year will have a devastating effect.
The deal with Carlsberg is a life-saver, without it we would be in deep do do, however initial integration of the Brewing businesses will have resource costs.
It has long been known, way before CV-19, tenants enjoyed deferred rent payments that were dependant on beer sales, some rent arrears have been treated as bad debts and WO. Listening to Publicans, that situation is likely to increase significantly.
The SP has been underpinned by assets which some believe are undervalued and will be re-valued. Those who believe need to examine recent history where even the CEO had no confidence in the Estate valuations, selling assets at a significant discount.
The Carlsberg UK team are no slouches and will bring a breathe of fresh air into Fiscal management. Marstons will be left with a Pub/Hotel estate which it is generally recognised, requires capital expenditure .
AIMO. DYOR
I’m just putting my view as someone with front line knowledge.
Marstons we’re heavily, heavily indebted, they now have huge new build sites, that have to be filled to capacity to make money. The small tenanted pubs are now way too small for operator’s to make a living, so rents won’t be paid, that division is going to way heavily on Marstons.
This industry will not recover until social distancing is scrapped, and for that we need a vaccine.
Finally, yes the interim results will be fine, after that?????
Oh and by the way don’t expect you’re local bar to have all those wonderful real ales on tap. We have already been told choice will be restricted for a few months.
Good luck all those here, but bloody well done to those in at .18p, you for sure can not loose.
I will at least see the position we're at after the results and pubs reopening in July, then take stock
So we're going no higher than 73p then fair dealer and malteaser? Is that the high its going to reach and that's your lot???
No 2 meter rule in Pubs
This is some very positive news, from the Telegraph:
“ Two-metre rule left out of draft Government guidance on reopening pubs and restaurants”
As the opening date approaches and on the back of this good news we should see the share price reach 85-90 in less than two weeks
Listening to Financial Columnists needs to be taken with a pinch of salt. Looking at financials superficially sells papers and keeps sponsors happy.
Logistics dictate, brewers require adequate notice for re-opening, it takes 5 weeks to produce a saleable beer. Myabe confidentially Gov, have given the nod....we hope.
As far as interim results bearing in mind it is up to the end of March only 2 weeks after lockdown, effects to the figures should be minimal....it is the next 1/2 year which is going to be dramatic. Considering release of interims have been delayed, is it possible some accounting has occurred to ameliorate the disasterous figures to come?
Travelling around it is noticeable the number of Hostelries that appear abandoned.
Malteser at least someone is being realistic.
https://seekingalpha.com/article/4351621-carlsberg-jv-marstons-looks-undervalued
Market saw upside and went to 80 plus only last week and its been up to 120s before Covid so there's still upside to be had.
The valuation of the jv was upwards of a pound a share that's without the pub business being valued, so the SP could be well over 120-150 when we resume and get in full flow long term
I used to be invested here up to about 12 months ago, but this is how I see it , and I have been in the pub game for 30 years.
The Covid is a major cost headache for all retail sectors. Marstons is heavily reliant on its food pubs, and they need serious numbers through the doors to make them pay, as they rely on the BOGOF, in some of its outlets. I see a very poor year ahead for the whole of this industry, yes the tie up with Carlsberg will help, but as now a Heineken free trade customer, believe me you are going to see massive buying discounts offered to get big free trade contracts, again all these will hit bottom lines.
This was a great bounce if you bought in at .18p, but don’t see much more upside now.
Good luck to all.
.. was about as useful as an open pub without any alcohol.
Utter vagueness, no clarity on moving forward or reducing social distancing to 1M. Having detailed round table convos a little too late. Need clarity, direction & hope for hospitality businesses.
Too late to act to tackle CV-19, too late to act to tackle economic crisis.
Any thoughts on what the results may show?
Confirmation of Revised Interim Results Announcement Date
In line with the joint regulatory guidance from the FCA, the FRC and the PRA, regarding reporting timeframes in the current environment, Marston's confirms that it will announce its Interim results, originally planned for 13 May, on 26 June 2020.
Bought back in on the retrace albeit did not think it would hit 60’s!
Still for a few pence difference I think there is short term value to be had.
Gov drop a bomb shell about bringing forward pub re-opening tonight & tomorrow morning will be interesting! but seems this has been played down now so unlikely & sp will be in 60’s again IMHO
Gone for a punt regardless on the hopes of gov postive news, but if not, will be patient for 4th July & top up in 60’s
Gla
Here she is