George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Doesn't look as if after he has packed his "rucker sack" that the stock market has reacted negatively at all. Perhaps a change is as good as a rest and things can move forward for shareholders where it will pay dividend!!!
Interesting Ralph Findlay moved to Vistry a Property company.
"I see no statement yet", it is all detailed on the RNS at 07.00 this morning !
Chairman clearly comes from a Property background - perhaps someone with experience in the Pub/ restaurant field is the key! Or we can see a sneaky take over in the offing.
I see no statement yet actually from Marston.
Biker unlikely data regarding number of profitable Pubs and consequently un-profitable ones, will be easy to find.
I do find it illuminating to see a Chair who has overseen the gradual demise in the company's fortunes. One would have expected him to exit when the company was on a high. Maybe the continued head-winds the whole Hospitality sector faces has made the Chairman realise we are not as well placed as better funded operators. British Land have oodles of cash.
Chairman leaving after 5 years of what contribution? Falling Share Price, NO dividend and possible failing Company? Anyone know how many Marston's Pubs are loosing money and how many make money? Is he possible jumping a sinking ship?
Shaperite
You make good points here, the Chairman (sorry Mary, Chair) is the ultimate captain of the ship with his hand on the tiller & Rucker has been less than effective, to say the least. At some point, just for fun, I'll see what the SP was when he took over and what it is now, then adjust it for inflation, it is likely to be a shocker...
Meanwhile we must hope that his successor will be a tad more "canny" than he was, which surely should not be too difficult ?
One can but hope that his fellow "canny directors" do not vote him a gold Rolex as a memento for his great work in Wolverhampton, a Swatch would be too much.
Best of luck British Land - you will need it !! yet this may be a shaft of light for Marstons because with Rucker abandoning ship in their time of need, the rest of the board can make some financially astute decisions that actually promote a retail business instead of being a faux property empire going no where. My information is that Marstons had a decent Mothers Day trade, and with a decent summer wr may see an improvement vis a vie the share price . Debt will still remain a headache yet could be more manageable. I have been a constant critic of polocy so far and this will not change , but i feel that this may be the start of something decent !!!
The media and politicians need to declare their membership of clandestine organisations. End corruption and manipulation (including of share prices).
Maybe a microbrewery set up in the cellar in some of the pubs where they scrap the food with music and local musicians, artists performing at times during the week and weekend. Also talks during the week with tea, coffee, cake and biscuits allowing local people to share their knowledge and experiences, history, gardening, places they’ve been to. Here’s hoping.
That would be fine except Carlsberg ( remember they are in charge) brew on an industrial scale. That is one of the reasons why such an excellent brewery at Wychwood is being closed. Smaller breweries have yeast strains without their production facilty that gives a beer/ale it's unique taste and aroma.
Real ales are mostly brewed by pubs that have their own micro-brewery.
I think they should open a real ale brewery.
Hello, Good morning. Sure well my posts are about community, people, culture, values and corruption and misrepresentation which I believe is often at the expense of the working man or woman. I think we are quite an earthy, humble, kind and spirited people. Also about the low rating of UK share prices with some companies valued not just way below assets but below cash on the balance sheet…negative value. Community pubs, prosperity and disposable incomes. I also like the beer although taking a few weeks off alcohol as I will with social media including this shortly. Good luck with your shares!
Jargonpain, please explain the relevance of the post to Marstons?
Over 25 years ago I asked the trustees of the mine workers pension scheme why the spare money could not be spent in the old coal mining communities. It seems instead it was wasted on things like hs2 and still waiting for the proper northern transport network improvements. Politicians should have more regard for communities, the environment and nature. Proper jobs not zero hour contracts.
Hi well to me anyway it seems that the system has disconnected, like an engine that has detached from a boat leaving the passengers. I’ve been struggling with a whole host of services and organisations these past few years, it has really been quite incredible and actually difficult to function at times.
It would be good if somebody could improve our global rating as well as I believe we may be one of the least liked countries in the world. Maybe there should be a minister of peace, like the minister of war I think there once was.. a person to just focus on peace and maybe get people around the table and maybe other countries. A peace accord. I’ll drink to that.
I’m in and out of this ITV, Pfd, Kier and a few others, people shouldn’t go too far wrong with them all being well. I try and hold a minimum of 3 which is not enough really so maybe changing.
One love.
Much like the general business structures countrywide, a them and us culture
Eurozone inflation down to 2.3% most wondering why they have not cut rates already. Suppose they just copy the USA who also showed inflation at 2.4% just above their 2% marker. Cheaper rates soon. Might prompt interest here.
Not really much about community in the budget but hopefully some of these pubs will remain part of the community.
On the one hand we currently have multi millionaire pensioners who have lived through an era of rising property values, final salary pension schemes, various windfalls and job security getting a basic state pension. Whilst on the other hand money has been taken from the mine workers pension scheme, money that should have been invested into those communities.
No anti corruption measures, website or whistle blowing incentives. Not sure what oath an MP has to take but surely they need to declare that they will represent their community regardless of race, religion, sex, sexuality / ethnicity. Maybe some money could have been raised by introducing a VAR type system in Parliament with fines for bad behaviour, divisive rhetoric. Footballers have it why not politicians.
I do think that best practice is to align managements interest with shareholders and it does not speak well for MARS that they continue to dilute shareholders with cheap options in favour of management whilst shareholders are left with diddly squat.
So theres my answer, duty freeze and minimum wage up,not much help for the business,
There may well be some relief for the Hospitality sector, however the Welsh Government has other ideas with the introduction of an average levy on all Pubs in Wales ( £6000.00 pa)
As I understand, the options are free gratis providing certain targets are achieved. More to the point is this an insult to those long suffering shareholders who lost dividend some time ago. Would it not be appropriate for options to be granted in alignment with the restitution of dividends?
Views please
Have these directors heard a "whisper on the grape vine" that there may be some good news in the budget this afternoon to revive the ailing beer trade,,,
Yes brokers are upticking this share and just as the canny Directors have disclosed their etake up on their inherited shares based on performance, plus future options, again linked to future performance and one additional purchase at 33p -all released tonight at close.
Those canny Directors have taken them up at an opportune moment in time in price. Good timing I would say!??
Should see a response in price very soon as this share is looking to rise, and the Directors know something. IMHO.