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Schroders for one. As any smart investor should know most Investment Institutions have specific classes of companys in which they will invest, ethical, health concious, AI within FTSE 250 etc. Any further evidence you will need to research, not difficult.
Name me one, with hard evidence, please.
Please check. Many corporate institutions, often Pension Funds, have conditions within their constitution. They are not imaginary as you suggest.
Morgan Stanley iinvest for Individuals of High Net worth who wish to remain anonymous.
MARS are in the FTSE All Share Index.
There are not many organisations bound not to invest only in FTSE100 companies. You are confusing with tracker funds
Fortunately Morgan Stanley is not one of those imaginary institutions of yours: it increased its shareholding to above 6% on the 22nd March.
https://www.lse.co.uk/rns/MARS/holdings-in-company-97v09b26c73973a.html
Articles of Association do not allow many Institutions to invest in companys outside the FTSE 250.
Marstons fell out of the FTSE 250 4 years ago.
They will be far better than the past 2 years -obviously.
The Board have been advising increased numbers -whilst some pubs a month or two ago reported they had run out of Beer?
Last time I looked no institution was holding shorts and they will be turning long in 2 weeks!
The Coronation will help add additional numbers too as will the new beer and lager sales!
Typo: "I am personally NOT expecting stellar ones"
All. There is a risk in buying before results. I am personally next expecting stellar ones but it is for the comments about the future prospects, incl. comments about the busyness during Coronation weekend, that my expectations are moderately positive. However, I am not necessarily expecting a massive boost in the short-term, more like a gradual rise up into the mid summer.
Energy costs much closer to pre-2022 figures.
Wholesale food costs going back down https://www.bbc.co.uk/news/business-65448642 .
All published business data by Marston's shows that it's visibly (with ups and downs) recovering, or has already recovered (pre 2020) for drinks sales.
Debt shown to be in control.
Lenders have extended covenants without much fuss.
Conservatively run (pub sales happening).
Coronation weekend a likely boost for sentiment (especially as it owns primarily suburban and community pubs, vs MAB and JDW that have a higher proportion of city centre ones).
My target is VERY high.
Pubs are rammed this weekend....
And another 2 bank holidays this month
I'm in at 33p, just in time as brakes are taken off for results.
3 year hold for me, waiting for 100p which is achievable... Gla
Bought in here, after quite a few months (maybe over a year) thinking about it. My local pub (Marston's) has been rammed every Friday/Saturday night for the last 2 months. So they must be making money.. hopefully it isn't just an isolated case though.
will be plenty of pints sloshed for the Coronation celebrations too. Surely in a far better position regards newsflow and prospects than during last year and covid.
Strange one and the debt resolving -32p seems a steal but then so di 80p 60p 40p - one day it will rise significantly no doubt when least expected.
Market caps of around 220m - a mere snack for private equity.
Adding.
Like-for-like sales for the 16-week period to 21 January 2023 were +12.9% vs. FY2022, including the
impact of the Omicron variant in December and January last financial year. Like-for-like sales in the
first eight weeks of the 16-week period to 26 November 2022 were +6.8% as previously reported, with
encouraging trading momentum continuing into the festive period. In the following eight weeks like for-like sales were +19.2% vs FY2022. So as I said previously momentum is building - 2 weeks time we will know far more as the sun comes out!
Last message from our CEO refers to sales increasing 17% on last year and I now expect far more, against the negative views of a few on here. So lets see very soon what they now bring us and who is right whether a strong buy or sale recommendation from those that want a lower entry point -perhaps.
The whole sector here is picking up now and likely to pick up even more as the sun starts to shine, whilst reducing Pub energy costs for heating and wood for the burners,, etc. GLA.
PB, certainly not bitter. I do not wish to see innocent investors being persuaded to invest with doing proper research. Unfortuneately these boards are full of juvenile investors especially since the lockdown. They are prey for the money makers who do not care less for their fellow man. You have seen one today whose so called facts are grossly distorted, and some will beleive.
It is every investor's responsibilty to do proper research to ensure hard earned cash is not going to disappear and not listen to silver tongued rampers.
Just remember the market is a means of transferring cash from one person to another. Just think about that.
Fair, you come across very bitter, I hope you get back to your holding price soon.
Debtors do have control over assets, but very rarely pull that control due to the significant cost involved.
They would have agreed the loans as they have confidence in the business and the board... Gla
Wolfwatch your post (11.11) is spot on. Some pubs are,nt earning their way . The Crooked House is a Graded Property and will be difficult to re-develop. It is odd that less than 6 months ago more than £100K was spent on the Crooked House.
Talk by some here is quite ludicrous. The current CEO has been with Marstons for several years unless SC knows he is about to be replaced, much as he (SC) knows how well sales are going.
SC. do you have inside knowledge?
The frivilous attitude towards debt is barmy. Lenders have 1st pull on assets. Being told debt is secure until 2025 may give comfort to some, but those who know about debt management are aware reneging on repayments not just once but twice raises Red flags.
The suggestion Institutions will come on board, think again, many Funds are only allowed to invest in companys outside the FTSE 250. Marstons dropped out of that market almost 3 years ago.
Rampers will try to convince gullible investors that everything is rosy, but they are hedging their bets being in WHB.
There are many of us who have seen the slow decline of Marstons, commenced under RF, and hope the future is better.
Thanks for the input SC.
The CEO is not new to the team, he was the former the Finance Director, so has been part of this Management team which has seen this share price go from at least £1.50 to today's junk value.
Wish he was new blood, but MARS decided to try and play safe and not bother to get in any new talent (which was clearly needed after "Wreck it" Ralph left us in this mess)
Most moaners on here complain about debt and yet they also complain when the Company is selling some to reduce it!
The CEO is an accountant and new to the team and appears to be presenting well for shareholders. Regret many on here are not that is obvious. The Board announced increased sales for the group and we know home sales have been increasing too. We now await the 1st qtr update which will be a further improvement in the numbers. However the regular moaners on here will never be happy what ever is said but Pension funds might be, as well as any stalking horse who would prefer no doubt to buy a smaller entity than over 1400 pubs. Which is a lot lets be honest. DYOR and read the last release! IMHO.
There's some big money buying positions here.
Debt is now covered until 2025, no need to sell assets.
Long summer and Xmas trading ahead, and don't forget the extra bank holidays...
PB, KT, hope you're right, but..
This "shower" of Management have an habit of selling the assets (pubs, breweries) too cheap or in fire sales. as past experience has shown.
Appreciate some of those pubs on the 61 list may not be "cash cows", (the crooked house despite being good to see, has its issues..), but some will e decent earners and these clowns will no doubt sell-out for peanuts again.
Many stocks below fair value, I'm buying small positions in 100s.
Hedging my bets and looking to cash in in 3 years.
I will have a wager with you now that this will have been bought out, or 80p by then as investors come running back to the markets with cash... Gla
surely a strong take over target again, if the BoD get a 3x offer (600m), surly they will have to accept.
Shareholders now could force a takeover with the failings of the BoD apparent.
PB, not sure Carlsberg see Marstons as having a share in them. It is the other way around. Carlsberg have form when taking control of competitors. The only way their agreement got over the line with Monopolies and Mergers, was keeping Marstons as part of a separate company. Tetleys were taken over by Carlsberg in a similar fashion.
The value of Marstons assets is a questionable matter as commercial properties have, depending on location, limited investment interest. The result of Christie's marketing of 61 pubs will give everyone an indication of the total Property Portfolio value.