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Seems to be really quiet given the results are tomorrow. What's peoples thought on tomorrow's out come?
Sorry my fault,the diary on lse says the 17th,just looked at the halifax and they say 18th,,,,,i wondered why nothing was released,,,
Marstons and M&B due to report tomorrow.
We could do with some good news today and the Interim results are due,are they holding the results back because they are bad or are they hoping we will forget and keep quiet ??
Fairdealer. oh no you have court me out lol. Your statement means nothing in regards to my investment nor how long I have held it. Why are you so concerned about my place here? do you not have anything else to do.
Thanks for the info though, and helping the SP to drop.
Totaltrades lets examine the facts. You have been a member less than a month and decide to post here now, only a day or so away from Accounts being released. Posting out of date and unbalanced Broker reports.
So, yes, for accuracy I will point the finger as did Jed. If you are invested in Mars as you seem to suggest, why as it taken so long to give the BB the benefit of your knowledge. Do you know how many Pubs/Motels Marstons manage in Wales?
Information regarding this share has been well aired as your research will have discovered. Suggest you take the time and do some reading, it will grow your knowledge considerably.
Hope you are loading up with the stock and prepared to wait for the predicted £1+
By the way is Mars now listed on Wall Street as some appear to think?
Do you still have the Tesla?
Have a good day
Fairdealer20 - Now your telling me what Trader I am Lol. Just because you haven't seen me post a comment prior, how do you know how long my investment has been.
Do you have nothing better to do other that point the finger.
For the sake of this platform just stick to the information of the Share and its opportunity.
Totaltrades, your emergence here a day or 2 before Accounts are declared speaks volumes. A common ploy used by traders, here today gone tomorrow merchants, who have no real interest in the long term growth of a company.
As stated earlier, please read my posts here. I want to see sound growth and not an artificial jack-up of the SP to suit short term strategies.
It has been a long time since Mars were at 120p and then when a good dividend was being paid and we totally owned a reputable Brewery. We still own a share of a brewery (40%) but do not get account figures for CMBC, maybe that will be addressed this week? Can only hope.
Figures declared this week, will confirm which Broker is correct.
Deutsche bank rating was to sell but the consensus is to hold with a target of £1.01
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marston’s presently has a consensus rating of “Hold” and an average target price of GBX 101.43 ($1.25).
https://www.defenseworld.net/2022/05/11/marstons-mars-sell-rating-reiterated-at-deutsche-bank-aktiengesellschaft.html
Fairdealer - Are you trying to get the share price down? what is your motive here.
Totlatrades, I suggest you take the trouble and check my posts on the board.
You should follow your own advice and properly research the subject you are trying to promote. The harm information is trying to give an old information without the balance of the latest ( last week) Deutche Bank review, which for the sake of balance recommends Sell.
Putting right a poster who clearly has done NO research classes me as a Warrior in you mind, so be it.
My research and knowledge of Mars is pretty good. You think otherwise. Please tell us how many Pubs/Hostelries Marstons manage in Wales?
Fairdealer20, Did not know there was harm in putting up some information.
I feel sorry for the fact you felt the need to jump to keyboard warrior mode and dish out insults. Maybe you should spend sometime researching and then you wouldn't have to take your fail out on platforms like this.
This is an information platform!
jed, you beat me too it. Seems we have another "genius" who has not researched the company, probaly relying on an app to ramp Company's due to report, in Dollars too.
Mars does attract some clowns now and again.
With Mars and M&B reporting this week, comparitors will tell us a lot about the financial health of both. M&B who raised funding 18 months ago have been making ominous noises recently.
Hi there, could I just point out that all those broker price targets are all old news as the latest in May from Deutshe are for 65p, who knows what the SP should be now but it does look like a cheap buy in price to me.
Ahead of the reports on Wednesday 18th May
Peel Hunt reissued a “buy” rating and set a GBX 120 ($1.53) price objective on shares of Marston’s in a research note on Tuesday, April 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 120 ($1.53) price target on shares of Marston’s in a research report on Monday, January 17th. Finally, Shore Capital restated a “buy” rating on shares of Marston’s in a research report on Tuesday, January 25th.
macq the BO may give hospitality businesses a respite , M&B are not so confident. Maybe because there are so many functions happening and with household budgets being under significant pressure, it is difficult to see consumers going mad. But who knows. it might happen.
Inso far as Platinium, they were shunned 3 times, the last being when an offer of 107p was on the table. I think had RF not been so in bed with Brains at the time, an improved offer could have been achieved. The Brains Deal was being conducted with such haste it left a nasty smell especially when not many months after management deal was completed, Brains placed their Freehold estate on the market. Marstons only had a Leasing agreement, repairing at that. What a crazy deal!
A suitor would be welcome IMO, but very unlikely to come anywhere near the previous offer. The sector is not in a good place especially a company heavily indebted.
Fairdealer,most of the hospitality trade is geared up and some relying for a sell out bank holiday weekend added to the queens platinum jubilee,perhaps Platinum Equity Advisors will jump on board with another offer,
He (RF) has left a lot of problems. The Platinium approach was kept under wraps until the 3rd Offer, which the Board rejected without any consultation with ordinary Shareholders. It may be conjecture, but I am confident the Brain's deal was taking centre stage at the time, between a couple of mates, who immediately the deal was completed, one (Brain's Chairman) resigned followed quite swiftly by RF.. It was clear the Brain's estate had not been fully surveyed when the deal was struck. The eventual completion delated 40 pubs which were considered sub-standard ( of poor structural condition). It has never been made clear if there was a revision of the consideration from the initial agreement. It will be interesting to see how the Brain's estate has performed when accounts are released shortly.
Also of interest RF is to become Chair of C&C in July. Well I guess he has claims to knowing the Beverage Industry!!!
Mac
Yes, I & I'm sure many others, are very cogniscant of Findlay not even giving the appearance of exercising the due diligence which he was well paid to do, but just kicked it straight into touch.
He was also largely responsible for the debt mountain we now have.
Anyone remember ralph f stating we were worth more than the £1 a share bid from the americans,as cher said "if only we could turn back time,
I can see this bouncing around the 60's until the global markets stabilise and inflation levels out, it will be interesting to see the supermarket beer sales in the interim results in a couple of weeks.
I sold out of Marstons in Feb this year. My original prompt for buying was a Tempus article in the Times on 06/12/17. The attraction of the company being their high yield. Downside was their worryingly high levels of debt, which exercised the minds of many on this BB.
Once Covid came along, the dividend was cancelled. This was the correct decision from a company point of view but useless for anyone relying of dividend income. After much hand-wringing, I took a loss on Mars in Feb (offset a little by the previously good dividends) as I could see no prospect of a return to dividend payments or at least anywhere near their historically high levels. Not relevant to Mars but I reinvested my money in MNG which, like many financial sector companies, offer a very attractive yield.
The above aside, I just cannot see Mars recovering at all, I am a fairly big frequenter of pubs and they are still relatively dead compared to pre-Covid levels (even at the weekends). As far as I am aware, Mars still have their cripplingly high debts to contend along with the prospect of even higher interest rates.
Worst case, I can see them: 1) going bust, 2) being taken over for a pittance, 3) just staggering on until the usual stock-market shenanigans whereby existing shareholders are diluted into oblivion because of some emergency fund raising exercise at a knock-down share price.
Trent
Correct, we love the Cape and came back last week from a lovely trip down there, a great way to miss winter in UK !
@ Fairdealer. Yes, there's that mate. We all have the things & places we're drawn to, don't we. How's things mate?
@Barchid, you've been to SA recently then, have you? I seem to remember you saying a while ago you visit the place from time to time.
Broker recommendation, if you believe them, not looking good.
Trent maybe you are mesmerized by the place, as some of us have been here??