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Why not 101+p?
- considering that a 100p takeover was refused for being too low in February (?) 2021.
The board is the first barrier - although it could be overruled if enough shareholders join forces.
Is there anything preventing a hostile takeover at 75p?
Obviously affected by the BOE raising rates by .25% but Marston have hedged their liabilities and the outlook looks a lot better for not only them but also for lower inflation (mostly fuelled in my opinion by Oil price rises which are starting to come down anyway. Also if Sales are ahead over liabilities then investment income from higher rates will improve margins from banking proceeds, and if customers have less money for Holidays abroad they are more likely to stay in the Uk where Marston are based. Not long to the results now.
"Could may be my month,With the decent weather,3 bank holidays with a coronation,intrim results imminent,all pubs open with no restrictions,longer opening hours,big crowds expected,Rf gone,,,,,,i wonder if this share price will rocket up to 37p and stay there,",,,well we got to 38p on the back of JDW results then back to normal,,,heres hoping for the knight in armour to rescue us,,
Agree chaps -American Market are pleased with USA Inflation figs which could signal the Fed pausing on rates, Oil prices have fallen too over the past year which is no coincidental. Market sentiment is now a lot higher across the pond which will feed the Market. Also it can be seen now how the whole Pub Sector is picking up. Very much looking forward to Marston results due out very soon which should be at least as good as the others in my opinion for percentage gains. Suspect will be even better than "spoons" who have suffered as a result of train strikes, unlike local community pubs such as those that Marston run!
Peakybinder - I think there are 55-60% chances we will be over £1 this year. This is due to:
- the ongoing disinflation (= lower inflation vs deflation) for businesses (vs CPI, which is for consumers) primarily due to energy.
- the rebalancing of out-of-home expenditure and the increasing confidence that Covid won't make a big bad return (I'm not saying it's certain, I'm just commenting on sentiment) as shown from the sales drops of vaccine makers.
As stated many days ago Spoons had beer on offer at £2/pint. The offer ran from mid-March to 30th April ( the company's year end). It would be amazing if that offer had not increased sales dramatically .
Huge results from spoons this morning, record sales. Pubs are bursting..
This will be over a quid in 2 years time...
This share is as I reported previously being bought by Commercial Banks, Investment banks and fund managers. All see this as a growth sector and the results due out soon will not disappoint I am sure. This is the list of owners in the Company which speaks for itself as they know what to look for :-
Capital Group Companies Inc - Brewin Dolphin Ltd-Dimensional Fund Advisors Ltd-BlackRock Inc-Royal London Asset Management Ltd. Standard Life Aberdeen PLC -Vanguard Group Inc-The Wellcome Trust Limited-Aberforth Partners LLP -
HSBC Holdings PLC-Morgan Stanley & Co International PLC-Momentum Global Investment Mgmt Ltd -ClearBridge Investments, LLC-The Goldman Sachs Group Inc.
This support is for most having what appears to be over ten million shares, some more! There is a reason for them buying, as they see this now as a safer investment based on recent releases with upside. I expect no difference this time around with the forthcoming release. GLA/DYOR.
However, anyone tracking the log of trades will have noticed large (£15k - £100k worth) buys popping up for the past week or so: a "late" TR1 announcing the acquisition of a large stake by an II would not surprise me at all.
I vaguely think along the same lines, but my concern is that the massive interest rises since the last takeover offer have made it much more expensive for private equity companies to raise money for acquisitions.
Morrisons' takeover was thus likely regretted by its purchasers who got caught out by such rises, as commented by the FT here: https://www.ft.com/content/b22a85ae-3d44-499c-a603-250ecb1158ef
The most likely acquirer would have to be somebody sitting on a cash pile with less need to borrow: Marston's marcap is relatively low however, so I'm ultimately neutral about the prospect of a takeover in the very near future.
Marstons is currently valued at 233m, but the board received a 690m offer in 2021. From the period May 2022 to now i have noticed significant position building from numerous institutions. Covid is over and good profitability is forecast for the foreseeable future, the board rejected the previous offer and the issue I have is no one on the board is a significant shareholder, thus it could be fair to say the interest's of the board are not aligned with shareholders. I would welcome a hostile takeover as the board is failing to bring value to shareholders, institutions would vote in favour of a good offer and so should we.
Just found you can even "Crown your burger with Onion rings" to feel part of the weekend on the Marston menu's which look "most appetizing." GLA -Enjoy the bank holiday!
With the warmer weather comes less spending on Fuel and Heating -but might bring out electric rechargeable cars that will find some of the Marston pubs as King Charles would say "most accommodating."
Although perhaps he needs to take out that straight six from the Aston and have a Tesla Turbine installed instead if he really is thinking of the planet! Understand business has been good over the weekend and results due out very soon for the pubs, dare say the Saxon King did well too.
Hedging will only help Managed houses, Tenants are left to their own devices as a business on it's own. Some Power company's, supplying other Businesses, not Pubs, have more or less had forward agreed terms recinded. Power Co's are B's.
SC do get the facts right William and Kate visited The Dog and Duck. Coronation Chicken is off it is now Coronation Quiche.
Enjoy your meal!!
Any numbers on the hedged electricity and gas costs and how do these numbers compare to 2019 gas and electricity costs? Hedging is good but you can also end up paying more if prices fall, so im wondering if they hedged at a good level, opinions please .
I prefer the ABBA song "Marstons, Marstons, Marstons" ... it's a rich mans world!.
Think you should go down the Kings Head, have a few beers (Just like William have been doing)and grab a Coronation Chicken Sandwich instead!
lejjb, you do seem either confused or plain mischievous. You know that many Institutions have numerous specified funds that invest in particular sectors .
You have answered your own question.
Some will think you argumentitive, I give the benefit of doubt and put your approach down to, having hooked a bottom fish, are enthusiastic to pump the catch higher.
Dusty Springfield recorded a superb and apt song, "Wishing and Hoping" Give it a spin!
I've been adding into this and a number of other Entertainment and Travel sector shares for sometime. As well as the Gold and Silver miners. This is one that I hope has great potential for the next 2 to 3 years. I expect us to be back at 120p a share within 2 years. If we do have a stalking horse it could be almost immediately. The next announcement will be just a step up as you say, but an interesting Barometer to gauge against the sector. So far I see Marston as one of the better of the sector performers on what we have seen, and for the Coronation in the UK this w/end and the share price even if 37p is not exactly a Kings Ransom!! GLA. Fingers crossed for the Sun to come out!
Could may be my month,With the decent weather,3 bank holidays with a coronation,intrim results imminent,all pubs open with no restrictions,longer opening hours,big crowds expected,Rf gone,,,,,,i wonder if this share price will rocket up to 37p and stay there,
Merchant banks buy shares for clients interested in takeovers to build a stake before sudden price rises when it the formal notifications are released or there is a leak.
They also as well some of the largest investors on the market (i.e. Pension fund managers) invest in a diverse range of listed and unlisted shares depending on their clients risk factors. Obviously he higher the risk the higher the rewards or no rewards. For my pension funds told by one of the Worlds largest Pension funds to take some risk for a better return - so that tells you something. So mine is biased towards a higher risk. This share is no doubt attractive from that point of view as it has fallen so much I would suggest less risk (on increasing sales numbers and return to profit with reduced debt) and a likelihood for a better than fair return (post Pandemic which was the reason for the fall). The question for me and no doubt fund managers is will Marston on increasing profits start paying a dividend, reduce debt further or buy back shares? At the moment I do not need the extra income from Divis and would prefer a buy back to increase the share price back up to previously seen levels. We will then re join the FTSE 350 from the All share index.GLA, DYOR.
(And you provided no hard evidence BTW.)
Schroders have multiple funds. Schroders is not one single investing entity.
And you are also mixing the size of companies invested into and the types of businesses a fund can invest into.
I'm afraid you are mixing things up, and forget about how given financial institution can have several specialised funds.