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Nobody (MARS BOD included) seems to want to discuss the reinstatement of dividends.
When and how much?
Hi Claire...appreciate the info
Just checked my interwebs...and see that my highest block ( 94.8 ) in April this year...and have been steadily buying all the way down...with some minor 'scalping' along the way
So not toooo bad
But
My biggest concern is the 'cash burn'
I have been to scared to look at the latest figures...chuckle
Still very optimistic though...think Mars has a future
Thats it and enjoy the day
The Jimster
Hi Jiimster, Ive still got a block from 2020, so a long term holder, and have just bought more to add to my holding.
Long term, very bullish on this share, they are in a great market position and in 2022 will be high gearing to profits.
Things are looking fine, however in the short term there naturally is a level of conservative market action.
However, looking at the price currently, this is way oversold now and due a bounce, can see some aggressive purchasing happening soon while still at this low price with the big bucks looking at a 6 month time scale.
Hi Claire
mmm....I'm still buying here...just bought another block...I share your views...but frankly its not looking good is it ?
I'm hoping for a sharp rise shortly :)
Kind Regards
The Jimster
good price to get in, considering we now have the festive sales cycle ahead and this company are in a good position relative to the market.
Hmmm lets hope they are very canny then! barchid.
Wiggly
Indeed Aberforth have quite a canny reputation in small companies, according to the FT they held 3.99% on September 1, so they are clearly adding to their holding.
So now apparently the only larger collection of shares is held by Hargreaves Lansdown, which is of course just a bunch of private investors who use that platform, they show as 6.2%.
Investment management firm based in Edinburgh invest exclusively in small UK listed companies.
I can't see any other large sellers over the last few months, so have they bought this many shares on the open market with the aid of a broker who has been pushing down the sp to get hold of the stock.
That would explain why the sp has been held back for months/ weeks.
Maybe now it will go back to where it should be. £1.
Not sure what Aberforth do
Is that right , it looks like Aberforth Partners LLP have gone straight in and bought just over 5% .
Do they know something we don't , or is MARS just a very cood buy at the moment?
Marston's says Aberforth Partners now holds 5.3% stake
Yes, lovely mate. I am very fond of Kalamaki. It's a lovely place. Glad I didn't miss much here.
Thanks Barchid. It's a lovely little Island is Zakynthos. Not as prestine as a lot of places, but it's the local people that make it. You should try Kalamaki, just once to see what you think of the place.
Good to know I've not missed much though.
Trent
Welcome back, I wondered why you had been so quiet, trust you all had a great time ?
I don't think you missed much at all, there was the current trading update which on the surface was quite encouraging but on closer examination it did leave a few loose ends so we really need to see the accounts when published.
I was disappointed with the last RNS let’s hope November will be better
80s next week ?
Just got back from our Jaunt in Zakynthos again on Friday just gone. Have I missed much?
Not sure, unless there's a bid, the share price is likely to drift until there is some kind of positive indication of a resumption in dividend payments.
The issue of dividends completely glossed over in the last trading update (13/10/21), hopefully there will be something tangible contained in the prelims due 30/11/21.
Mars a stonking buy at 0.76 all the hospitality sector has been slaughtered by the lockdown but be brave and buy for in 8 -9 months time £1.00 - £1.10 is well on the cards.
I've just looked online re booking a pub near Glastonbury and noticed it was a marston pub, great I thought 20% discount. The price going through marston privilege Web site was more than booking direct!
I do like your sentiment but over 80 next week I don’t think so
Well ! What can one say ! Saturn rockets are constructed to do one thing , Go vertical . Don’t want to get into any spat but my posts say it all . For future information reference the share price next week , can’t see less than 82 by the close of business next week ! PS really fancy a bright green Lamborghini on the bouncy of this share . Good luck my fellow traders .
Barchid
Had expected to see some analysis from the expert investors!
The trading update is like the Curates Egg, good in places. Good to see the company have forward contracted energy prices.
The numbers being stated that compare with yr 2019 need examination. Like for like sales for Yr just ended is 102% of 2019. On the face of it this seems good however the year just ended includes a contribution from a managed/leased estate that increased by 10%. The number of Pubs managed /leased from Brains is incorrect. The original undertaking was 156 properties, however on completion Marstons decided 40 of those pubs were sub standard and or of poor condition and did not want. The statement fails to make this clear but rather gives the impression 156 pubs were taken over .
I did make the point on completion of the Brains deal,in February, did the decrease in Pub numbers, result in the final consideration being reduced, to reflect the change. It has never been made clear.
In view of Marstons Lease agreement with Brains is it appropriate to have mentioned the Welsh estate is on the market?
Maybe negotiations are going on behind the scenes, which then raises the question how would a purchase be funded?
The SP has marked time since the statement as most commentators and Instituional investors will wait for the hard figures due next month.
Expect the SP to hover within the current channel until those final accounts are published.
Pete
I live in London too & have reported similar tales.
Mars, of course, are barely in London & tend to have suburban pubs not city centre pubs, which gives them a considerable edge.
Nevertheless the old habit of "going down the boozer" is not what it was in many parts of the UK, worryingly for pubs, they apppear not to be the draw that they always were for younger people so the headwinds tend to prevail. My guess is things will be better a year or two after lockdown but they never tend to return to precisely where they were when you have this fundamental change, that is a legitimate fear.