Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Yes Fd I saw the presentation. The hq move seemed strange to me when I heard. but was in local press (express & star) last year. The current hq is quite modern and I recall alot was spent on it. Marstons are moving to an old building just down the road from the brewery site. Apparently there will be staff training facilities there as well, brings them under one roof. Whether they are getting some help from the council to help renovate the site, don,t know.. surprised it was not mentioned in the presentation.
Looking forward is the key to me here now. H2 is looking for increased profits from takings as we have turned into the black. Sounds like sales improve in the hotter weather too, and many costs are under control and pegged with sales picking up. I am pretty sure once we get a positive H2 we will be on the rise and no doubt if anyone s stalking they will have to be quick as the share price is liable to rise inline with a sustained profit growth. Divis likely to return to shareholders once growth is sustained. At the moment we are building on momentum and fingers crossed this can continue. Divi to the company expected from the brewing company delayed but will be quite substantial if the £20m mentioned is real.
The announcement indicates a holding of 3.73% which indicates they have recently upped their holding to above a notifiable level . Hedge funds do not just go short on shares
wolf....did you see or attend the presentation? Correct me if wrong but assume Carlsberg are kicking their partner out of the Brewery building in Wolverhampton. Is it being done by stealth or is there a 3rd party involved? It seems rather mysterious.
Interesting meeting..
So, No divy from CMBC for 2022.
In W,ton, they are being kicked out of the expensively renovated HQ on the now CMBC brewery site and are paying to renovate an old building just up the road.. who is paying for that ?
Thanks fairdealer 20 Great summary.
"are they shorting"?
barchid, just seen after my post. I think as a hedge fund, they are shorting..Not good news if correct.
Do wonder what is coming with the presentation? Is there a leaky ship?
dannatt, always beleived Carlsberg will eventually have 100% ownership of the Brewery, they have track record.
Separating Pubs from Motels will not be easy. Not sure Pubs have the attraction they did 10 years ago...overheads etc are a killer. The Motels certainly have attractions. Having stayed at both Marstons and Premier, Whitbread do have a better focus on customers, staff are better trained and from my experience more helpful. Get the impression Marstons staff are over worked and consequently can be a little more stressed. If Premier were interested ( they do have a significant War-chest), they will likely Cherry-pick and only in locations where motels are not in competition.
Apart from Debt, the Brain's deal could be a bear-trap for any potential suitor. Why MARS took on a run-down estate beggars belief.
The Platinum offer ( 107p), which could have been increased, would have been good for majority of Shareholders, regretably it was not put to PI's, for reasons best known to Ralph Findlay.
Today's presentation will be interesting if only to establish the true mind-set of the Executive.
Anyone seen the rns today re the Coltrane asset managers holding ?
They are a hedge fund based in NYC that have caused issues with other companies in the past, run by an ex trader from Deutsche Bank.
Oddly the share price is virtually unchanged.
I think another takeover could be on the cards or shake up. Carlsberg take the brewing arm. Wetherspoons the pubs and premier inn the hotels. what do people think !!
WW succinctly put. At the time of the Carlsberg deal, I suggested the company begin to re-invent itself. The Brewery, our Crown Jewels, was/is far less labour intensive than the hospitality arm. Staffing for many Businesses has become a serious resource issue, working from home has not helped, and then patrons get the experience Barchid related a few days ago. The Chairman's purchase last week does give a level of confidence, but then maybe he considers a total loss here is unlikely whereas to buy another Racehorse could be exactly that. When you have money to burn it is neither here nor there where is is invested.
The investor presentation "could" be paving the way for some unexpected news!
Jefferies ( are they a Broker?) have downgraded target price to 50p.
The City is not confident.
Many of us came here on Dividend yield, now that has disappeared any restoration is a way off.
Don.t think an Investors day will help here unless they announce the BOD is resigning.
Bad debt (and still spending on a new HQ) breweries sold cheaply, strange deal with Brains, refused to consider a good offer to sell at over a quid, then the CEO leaves…Sp falling off a cliff, no intention to pay a divy any time soon.. Brokers today are clearly telling the company how the market feels about it.. no confidence. Who is going trust this lot to steer the company to better times with their money?. Unfortunately I did….
Looking forward to the shareholders/investors meeting tomorrow. Returning to profits no doubt will be the focus, which could have been a lot more if our Welsh friends had come out of lockdown at the same time as England. However I wonder if there is going to be any other more recent interesting news coming? Understand home beer sales have been doing rather well recently too -perhaps our European friends will be there too to advise and update on the beer consolidation and brewery production?
Looks interesting folks especially as it is only now two days before a share holder meeting. Perhaps he is confident of a successful presentation with fund managers/share holders/investors.
I see he is already making money as the share price is now moving up from his purchase price of last Thursday and so he must have felt the price was good value considering the timing and what is coming for the future prospects?
Doesn't it make you thirstier?
It says he purchased these in the RNS.I can see what you mean but the award last year clearly states insensitive awards vesting on future performance so I still think it’s a purchase with his own money.
Well, pubs have been blamed for spreading everything else, why not this …
Anyway, this share does not need a reason to go down, it just does it naturally.
Already heading to JUNK status over the summer.
I think the chairman and some management get the shares yearly as part of their salary package,findley used to get them yearly,
There's no easy way of saying this but I think the markets are going to be spooked come Monday morning :
https://www.standard.co.uk/news/uk/monkeypox-outbreak-uk-cases-rise-virus-joe-biden-europe-latest-update-b1001572.html?amp
Chairman looks confident .Just bought 200,000 shares !!!
Might be worth attending :-
https://www.marstonspubs.co.uk/docs/financials/2022/investor-meet-company-presentation.pdf
It appears today the govt released stronger retail sales for Alcohol compared to general consumption which will help Looks like we are just starting to respond to the better news out today. Or are we being re-approached as a takeover target?
Supercharger
So thoughtful of you to post the Alliance news cast that is over 24 hours old, do you think posters here don't read the news ?
Fairdealer gives a reasoned analysis of the results, he may be spot on, perhaps he is not, but his post is informative, not a repetition of what we have already read over a day ago.
But thank you for your kind repetition of old news in case we missed it, most helpful of you.
(Alliance News) - Marston's PLC on Wednesday said it returned to more normalised trading despite Covid-19 disruption in the 26 weeks to April 2, allowing the company to swing to an interim profit.
The London-based pub chain operator reported a pretax profit of GBP25.6 million in its first half, swinging sharply from a loss of GBP105.5 million the previous year.
Revenue surged to GBP369.7 million from GBP55.1 million. Like-for-like sales stood at 97% of 2019 levels despite restrictions over the Christmas trading period.