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Golly gosh , Give a migraine a headache springs to mind ! It’s Saturday . Anyway off to bake a cake then down the boozer for a couple . Any chance someone can lend us a tenner as could not make the share price increase on Friday ! Glad too share my cake with all fellow traders . Stay well & keep safe .
so agree with you Jed
I just come on here to be patronised :)
The Jimster
In all honesty I feel sorry for both of you guys if you think anything said on thse boards makes anyone buy or sell in a particular company , or helps the SP up or down.
We all know that most posters just come on these boards for a bit of light banta / fun and games to pass the day, and get some common feelings with others that have invested in the same shares. Get real.
Since 1st Lockdown these boards have been infested with novice traders who would be more successful if they did better homework. The older and wiser Traders act a little more subtly, they still suck the apprentice investors in though with their crafty dialogue.
Reminds me of a guy on another board some time ago, he was convinced he was on a multi bagger and was proud to announce having invested all the Holiday money. The company was Carillion and the guy did not know how to tell his wife as in his words , she would kill him. Have 'nt seen him on these boards since!
Us Sassenachs know nothing??
A quiet week this week for the Mars board, surprising isn't it that after a "down" week all the rampers appear loath to make their Mystic Meg like predictions ?
This time last week we had a MM predicting the SP would be 82p by end of business today when they were about 77p.
Now they are about 9p under that MM prediction I feel sincerely sorry for anyone who bit on that hook Monday morning !
Perhaps these rampers could pay more attention to Dear Deirdre, she appears to be kinder on the wallet ?
@ Staycool. Thanks mate. I missed that one.
Market
I actually admire them for being tight fisted, please read it as a comliment...
Barchid , be mindful of your comments for future reference ! No need on this site for degrading any nationality , person or creed !!
:)
777
Those tight fisted Jocks would never shift from investing into brewing, hell would freeze over first !
I'd send your sources back to their creche with face masks on so they cant talk much, that should cool 'em down.
Barchid
Just what I'm hearing elsewhere is all
Don't make sense to me either
777
Aberforth are fund managers, very rare in my experience have fund managers ever launched a bid, after all their businesses are hardly complementary are they ?
Nice try but I do think you need to try harder before you start talking about a takeover from a few fund managers who run 2 investment trusts & a smaller companies fund out of Melville St (I recall) in Edinburgh....
Any T/o approach could only be for the Pub/Motel business, the Brewery, a significant asset is No longer controlled by Marstons.
An offer from Platinum was rejected in January without reference to Shareholders. It is reasonable to assume a Big Ego was involved. Suspect many holders would have accepted the earlier offer.
Food and Drink company's used to be a safe haven in times of Economic stress, Covid has disrupted that investment criteria.
NAV to be published in the accounts in a few weeks will be a figure many will analyse.
IMO, the fly in the ointment is the Sale by Brains.. It is highly likely negotiations are underway. As Leaseholder, Marstons have a significant interest. If a deal is agreed, Marstons need to structure funding of the potential purchase of Brain's Freehold Estate. Funding could involve a Rights Issue.
With all this going on, it is hard to see a predator on the horizon.
Your discount card has been extended to the end of April.
https://privilegecard.marstons.co.uk/
Run out at the end of this month. I've been on to Halifax to order my new one.
Hey Jimster, Marston was already a target for take over at 100 by US equity firm at the start of 2021, and Marston turned this down!
This is a great sign as show that Marstons can see the company being worth more.
Marstons are a relatively safe company with a strong revenue stream, that's why I keep buying chunks and forgetting about it, as the only way is North!
I guess that when you look at Mars against wetherspoon and whitbread etc Mars does look under valued and it a possible takeover target when we are at these very low levels.
As always when we are shareholders of a company you always look forward to any higher takeover offer, and when you look at what Mars have and what the sp should be when we get back to normal the SP could be £1+ no trouble.
But will it happen, the answer is possibly at some stage but when we least expect it and at a much higher price than we expect.
Morning Claire
My Interwebs are picking up chats about Aberworth takeover possibilities
At 5.3% doesn't seem likely does it ?
Is MARS in the frame for a takeover do you think ?
Kind Regards
The Jimster
taking all things into consideration this really should be sat up in the 80's currently, this is a great buy time
I think MARS will remain volatile for time being.
There are simply too many uncertainties at the moment from rising COVID-19 cases to poor trading in many pubs.
All things being equal, in the medium to long term this could be performing much better. However, I think that those who expect to make a quick and easy profit will be disappointed.
LTH's need to dig into the waivers agreed by Note holders almost a year ago. A condition was agreed, Dividends will not be payed for a period of time. Depending on performance the conditions of the approved waivers will be reviewed after 1st January 2022. If favourable dividends could be restored if the current year 21/22 provides adequate headroom, early in 2023.
Whilst the company are determined to reduce debt, restoration of Dividends is in the lap of the Gods.
We all (LTH) want dividends restored after all that was a reason why I and suspect many others invested in Marstons a few years ago.
clairesmith "well it doesn't seem appropriate to be looking at putting dividends back in this year due to very obvious reason (C19 et al)"
...albeit, some of us rely on dividends to fund our retirement
Unfortunately, the Government's failure today to stop speculation on further lockdown measures - i.e. no current plans to implement Plan B but are monitoring the data constantly - leads me to suspect that new restrictions may well be imposed in time to ruin the Christmas pub trade.
'
B---y media ramping on about b----y covid again has done this today.
well it doesn't seem appropriate to be looking at putting dividends back in this year due to very obvious reason (C19 et al), however imagine they are looking towards 2023 as a time when this would become back in focus.
either way, taking all things into consideration, they have performed brilliantly the past couple of years, have the carlsberg partnership locked in, and building a better pub estate to grow into the post C19 world.