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London, indeed we will see after the Legacy RF leaves behind. My view on the Welsh Mission is well known, we have taken on a Liabilty which is not has shareholders were originally informed. Number of viable pubs are lower than the original management proposal. Just about half (70) of the viableI pubs being opened on 26th April. We do'nt know the fine detail of the Brain's deal. We pay rent in advance, no idea whether or not the Pubs under management have a repairing Lease undertaking etc etc. Brain's were on the ropes, the deal was hastily completed, imo to spike the guns of Platinum who quite possibly would have increased the offer.
I hope for all PI's I am wrong regarding the Expedition into Wales
Good evening all,
It's too early to make a conclusion but with almost 3 months passing, rejecting the bid offer of £1.05 was definitely a bold move.
RF leaving is very positive, the underperformance of the share price in the last 5 years is embarrassing.
Let's hope the new CEO has more gravitas and understands maximising shareholder value.
We shall see....
Pubs, restaurants and bars which reopened on Monday have said their sales were more than double the levels seen before the coronavirus pandemic struck, according to new figures.
Hospitality data specialists at CGA said that like-for-like drink sales jumped by over 100% on the first day of outdoor trading, compared with the same day in 2019.
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Not comparable in anyway as footfall was without pandemic, Mondays elevated boost was people gettting out to see who else was out and to be part of the novelty factor. True reflection of figures will be Q3 and also the biggest factor will be when the Govt device on how to claw this money back. I have yet to venture out for a pint as this time of year is busy for us so once chance permits I shall be out for a few cheeky pints.
I've gone from Weisbeir (my fav back in the 70's) to EPA now so more or less full circle (tried the inbetweens). I have to say we do excel at ales in Britain.
Pubs and restaurants in Wales are re-opening on 26th April, making Landlords in the Principality angry., being 2 weeks behind England
Pubs, restaurants and bars which reopened on Monday have said their sales were more than double the levels seen before the coronavirus pandemic struck, according to new figures.
Hospitality data specialists at CGA said that like-for-like drink sales jumped by over 100% on the first day of outdoor trading, compared with the same day in 2019.
Hospitality firms in England welcomed customers again on Monday after at least three months of closure due to the latest set of lockdown measures.
Thanks Sewton. :-)
No problem Trent - enjoy !!
@ Sewton. Nice one.
I'm looking forward to being able to take us all down to see our friends in The West Midlands.
There's a lovely Marston's pub near them called The Glassworks that we enjoy going in to. great food & staff, and a nice drop of Hobgoblin Gold.
We usually pop in for the Sunday lunch. Well looking forward to some of that.
Nice post Trent - I am also a carer for our daughter so know where you are coming from - not been easy these last 12mnths - but life goes on and soon I will take her to her favourite pub for a meal and a pint. Can't wait. Just glad its not chucking it down on the first day of re-opening !!!
* and thank you for your kind words too.
@ FD, Barchid & Yoyoma.
Thank you for your mind words. Much appreciated.
It's all part of our routine now so don't really think about it too much.
Like everything else, things can always be better, but things could also be much worse. We all have our hands to play in life. You have to play it the best that you can, the same as everyone else.
I second that also Trent, having spent a large amount of time on this board you get to know the regulars to a point where a virtual community forms. I do wish you the very best of British.
The very best to you Trent, most sincerely.
@FD. Thanks mate. It is what it is, and thats that. I don't mind it, you have it to do don't you.
Trent your devotion too family is highly commendable. I know how you were eager to re-invest dividends here. One hopes those days will return for as you say this company does provide an outlet for you.
I still believe as Daave only too well emphasises, the road to rebuilding a profitable balance sheet will take some time, remembering we only get 40% of the "Crown Jewels" which is and was the backbone of Marstons.
If it is of any use to anyone. I did some calculations for my pub and we have decided not to open as we anticipate an average of 20% or less revenue for the 5 week period and an increase of costs and overheads anywhere up to 3 times our normal overheads!
Other pubs are expecting drastically different numbers but I think we are all in agreement that there are going to be some absolutely awful days.
I'm not too concerned over short term movements in the SP.
I've said in the past that I only have a small holding in here, but I do like the company, so I'll be staying long term unless something dramatically negative occurs.
I started buying into shares before giving up work to become a full time carer for my son, so have not been in a position to add to any of my holdings, but no complaints there. You have to deal with the hand that you're delt, and that's that.
That said, my interests here and in Sgc give me something outside of that to think about. It's always nice to have some outside interests to think about.
Good luck to our company, and To my fellow holders going forward for prosperous times to come.
It is brilliant news that Hospitality outlets will be opening tomorrow. However unless you are a Trader and support the hype, from a purely Business angle, profits are going to be hard earned. Less than half the Brains Pubs are to re-open this week . 2 publicans who post here have doubts regarding viabilty and are not opening.
There may well be a sentimental increase in SP tomorrow, but be prepared for a retrace once the euphoria has subsided.
LTH will be looking towards the annual accounts in early October when the true effect on the Balance sheet will be revealed.
DYOR GLA