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Yes great weather for drinking, most other pub shares finished in the blue today, not this one of course. Sp was better when our pubs were shut in Covid, perhaps we need to shut them again and reopen next year lol,
Good drinking weather, and down here in Cardiff a number of big stars in concert which should bode well for Brains Pubs.
Seems to have got off quite lightly today compared to others in the sector.
Volume
3,482,481 today - Average Vol. (3m)1,437,556
1.17 buy - 2.3 mil sell
lets hope that's the end of that hidden seller
Crikey, another 5% down, I expected 60p by summer, but now heading for 40p and fast. Awful.
I'll make sure my group of four who are going to Cyprus tomorrow all drink plenty of it too then lol
Volume Change (%)
10d/3m
+71.23%
Amir
Of course lending out shares creates an income for the lender, but the fee for an easy borrow such as Marstons is would be exceedingly cheap, worthwhile if you are a bona fide holder but surely not worth buying for cash & then receiving a miniscule fee for the trouble of doing that. Furthermore there is no indication of there being any sizeable shorting of MARS, either by the FT which is usually good for this nor from short tracker web site.
As the FT shows that less than 29% of Mars is held by holders of a significant amount (1.8% & up) I respectfully suggest that with so many smaller shareholders sitting with a stock which has gone from being a high yielder to a zero dividend paying stock over covid period that the buyers have probably had no difficulty in accumulating their positions just by sitting in the market with a bid price, mopping it up from small sellers.
lots of O buy trades today in good numbers. More than twice as many buys as sells. @900000 to 4000000 at 15:25
Lending shares generates an income while the shares are on loan. Widely acknowledged practice. If they’ve gone long they’re off to a bad start; -6% already.
I've just found out that Mythos is a Carlsberg brand. So I'm out drinking a few very cold ones in my happy place.
You're welcome. :-)
Not that strange. A technique to hold price in a given range while nominees are building below declaration threshold stakes.
All has to unwind at sometime and it is definitely not market manipulation.
That would appear a strange scenario. Maybe they have money to burn or know some convoluted mechanism best known to the Americans.
I have seen US Investors loading up heavily on UK stocks and then pulling the plug, creating big drops in Sp's. Stranger things do seem to happen in Markets these days.
Where has sound money gone??
Sorry but I'm not sure I understand you, are you saying that they will buy shares to lend to a short seller so that the value of the share they own will go down & they then lose money ?
How was the Pedigree this afternoon, any good ?
Yanks think uk economy is basket case ; it seems more likely that they will loan out the shares in short strategy.
Well as I posted on Wednesday it would be interesting to see if any other nominees pop up as holders, lo& behold there is a Fort Lauderde office of a NYC company in todays rns as holders of 5.07%, Clearbridge who claim 190billion $ under management. I think they have something to do with Franklin Templeton who are tax haven based in Cayman & Bahamas with a large office in Fort Lauderdale.
Who will be the next to declare I wonder ?
Perhaps the SP might finally start to rise ?
Grey Monk - check out short tracker web site as this gives you the sp. for all shorts on uk mkt but MW reduced recently May 2022 to 0.69% and once below 0.50% even short tracker does not record-so nothing here to speak about. I can see them selling before H2 numbers come out where it has been said sales are expected to improve. However it would be good to have some warmer weather and another Football tournament?
Fair trader exactly what I was thinking the connection with Coltrane may be more for the Carlsberg JV. if interest from the states. However this might bring them around to look at Mars considering the strength of the USD and a re-valuing process for the pubs where it was reported on the presentation that they may have increased? Who knows?
apologies but my response was to the post asking if they were shorting
Sparky, perish the thought, are you trying to deceive readers? The news report you link is 4 years old when Marstons owned a brewery, 5 actually.
Maybe Carlsberg are exploiting the US connection?
Remember they have tie up in the states with USA craft beer? Which creates interest. No shorts here please -even MW reduced recently and soon will be below the 0.50% regn mark on short tracker. At least we are now making money withe growth in sales expected when H2 results come out.
https://www.marstonspubs.co.uk/news/marstons-secures-new-distribution-deal-with-american-brewers-founders.aspx
FD/Trent
Yes we do seem to still be suffering from the highly questionable leadership of RF and it is nice to see the SP is now above yesterdays close, if only by a whisker.
Coltrane has certainly thrown curve ball into the mix though.
Load’s of automated buys going on in the last few days.Mondays volume was six times normal volume with what appeared to be huge buys going through. Is a bid coming soon. Maybe they won’t need that new hq after all
Barchid, when you mentioned Carillion, who I seem to remember had it's HQ in Wolverhampton. Mere co-incidence! However I had to smile when seeing the defunct company's name. At the time I consistently warned PI's it was going down the plug-hole. The abuse I received was incredible. The rest is history. At least one opponent had the decency to apologise when the Company went under.
No PI should think the same will occur here, we are a long way from Carey Street.
Coltrane had zero holding until the latest statement, unless the RNS is incorrect.
The guy buys nearly quarter of a million shares and the sp drops a bit more?
It's very odd.
GreyMonk
Sorry I thought I made it clear in my post that they were a purchase by Coltrane because I described it as a "holding".
Coltrane most certainly do have many long holdings, C(r)apita has been one & they were one of the shorters of Carrillion on the other side of the coin.
The point I was trying to make is that they are no mugs & they clearly have a reason to buy in.
Interesting to see if they take it over 5% (or indeed if any other nominees in similar tax havens as thr Cayman's show holdings as well).