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Cheers Barchid. We always do.
You're right about the box tickers. They're a pain in the @rse to say the least, aren't they.
I used to have a bit of a rule as not to go to the same place more than a couple of times, as I wanted to see as much of the World as I could, but there's something about Kalamaki that keeps me wanting to go there. Who can explain it.
Kind regards.
Trent
Have a great time in Greece, happily when my kids were at school the out of school holiday breaks were normally done on a nod & a wink, these days of box tickers things like that are ancient history.
A shame...
Keepwell
Rgds
All good here Barchid. Glad you are ok.
It has been very quiet on this board of late. I was beginning to think people had sold up and moved on to be fair. This has crossed my mind a few times if I'm being honest. Only my own Pig headed stubbornness seems to be stopping me TBF.
That said, we're off to Zakynthos soon, a lot earlier than when we normally go (Sept, Oct)
Due to our youngest lad's school not letting him have the time off during term time as they used to do. Still. We've got away with that for a number of years already, so we've had a good run of it so mustn't grumble.
Barchid, yep all good now NZ borders are open, hope to get there later in the year.
YoYoMa and I are doing very well elsewhere and would you believe the company is paying dividends, every month. Cannot knock it. Not sure if and when MARS will resume!!!
FD
I agree re vistry, and wrt SA, we returned 6 days ago, fully "Castle'd up" am pleased to report...
Trust all good your end ?
Barchid, thought you may have been in SA?
I have been relatively absent on this board. There has'nt been any real activity. It is very disappointing that we have not seen any results from CMBC, I guess being a Private company the only condensed accounts will at some point be available on Company House portal.
Your experience with Pitcher and Piano is appaling and if replicated throughout the group it rather kicks into touch RF notion of creating a Business of Operational Excellence, following the sale of our Crown Jewels! Maybe he took the buzz phrase to Vistry??
Ladies & Gents
I trust you are all keeping well ?
I've not had anything to say here for a while hence my radio silence but I am in the process of organising a post covid p*ss up with some old mates and thought of having our first livener in Pitcher & Piano, Cornhill branch, website says opens at 10.00 on weekdays, never been my favourite watering hole but the timing was perfect, so on a belt & braces approach I called them to make sure that they were not just serving morning coffees then but was told they do not open until noon. "But your website says 10.00" I said.
Yes, it's wrong, needs updating, was the nub of their response.
Now this might strike some people as trivial but it does show sloppiness in management if they cannot even put the correct opening hours on their website.
This is a chain of wine bars which pre covid etc they could not sell even at a substantial discount to book value, investors might recall. So now having got their valuation too optimistic they do the same with their opening hours, a bit shambolic ?
It's not surprising this has dropped back down to the mid-60's with everything going on in the world right now. On the positive side the weather is improving which means lots of beer gardens and supermarket sales for BBQs and Football.
Yep, the mill-stone around Marston's neck is Debt, add the decline in service/hospitality sales as emphasised by M&B, short term prospect are not looking good.
We are at key support levels now. If they break, the abyss beckons!
Sales of fags and booze is booming. Rising inflation does nothing to curb the buying habits of smokers and drinkers. Plus there's a world cup this year which will see sales of booze rocket.
https://www.skysports.com/football/news/12098/12354033/world-cup-2022-dates-draw-schedule-kick-off-times-final-for-qatar-tournament
Agreed. Will probably come with rather negative guidance about the future in both terms of demand and rises in costs. Not a year for consumer discretionary stocks! 63p needs to hold on this one.....
Haven't held these for a while but I see that the above has in the space of a month gone from zero to 6.025%. Pretty strong confidence it would seem.
Will probably buy in again
ATB
T
Looking at this sp performance, doubt there will be much to cheer about. Awful.
Thank you Peltata
Half year results are scheduled next, on 18th May
Morning l, does anyone know when we will get the next TU, i believe the last was 22/01/22?
GLA
Bit of volatility this morning, only news is an RNS, someone increasing their holding by 0.2% (still, that’s a million pounds I guess). Market is flipping between that being good or not!
Asimpleinvestor, I would rather have a company with a million pound turnover even if it makes a tiny loss than one with a one pound turnover and profits of one penny. The larger turnover company has a greater chance of profitability than having to scale up a company the size of a five year child's shop
simple, you make the point well. Without turnover there is NO profit.
Any experienced Investor knows the fundamentals without puerile statements.
"Without turnover there can be No Profit."
You can make a £1million turnover and still make a loss. Turning over £1 and making a 10p profit is much more worthwhile than turning over £1million and making a £1 loss.
@Shaperite.
I'm still here and invested mate. I've just been spending too much time in the Cess Pit known as Twitter (according to 'Er indoors). It's far too easy to get involved in stirring the pot in there I think.
So far, I've been blocked by Piers Morgan, Diane Abbott & Claudia Webbe, and I'm currently working on Kevin Maguire.
Too much free time on my hands, Me thinks.
" turnover is vanity, I'm more interested in profit"
Without turnover there can be No Profit. Many of us here are interested in Company profits which can enable PI's to see a return to dividends.
"It is now well over 1 year since CMBC were formed. Does anyone know what turnover has been reported, interim or otherwise?"
That appears to be a well kept secret currently except for a brief mention in Marston’s PLC Annual Report and Accounts 2021, though turnover is vanity, I'm more interested in profit.
With these promotions, you and other PI's should be concerned. It may be aiding cash flow but what is it doing to margins?
The re-introduction of full rate VAT ( 20%) has also to be absorbed..
It is now well over 1 year since CMBC were formed. Does anyone know what turnover has been reported, interim or otherwise?