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Trading update to 3 October due out on 21 October according to rns.
A date for our diaries !
I think we’ll be up at 80p by then ;)
sparster, best fill your boots now and almost double your money!!!
I agree and reading a post by a lady on here she also stated that this would be the area it would be released. Looking more into the JV deal I see that they (CARS-B) have probably the best layers in the UK to manage their venture. Excellent win rate looking at drinks sector. Lets hope the CMA make that decision soon to reduce the nerves of some. If the RNS is planned for the 21 Oct then the CMA would have to notify MARS the day before surely this would be done via good old fashion letter not just an email so perhaps the 20th Oct is the very latest they would make a decision meaning it could come before then?
I am watching this from a previous post.
https://www.gov.uk/cma-cases/carlsberg-uk-holdings-limited-marston-s-plc-merger-inquiry#history
CARS JV deal:
https://www.freeths.co.uk/2020/06/03/freeths-llp-advises-carlsberg-on-780m-jv-with-marstons-plc/
I guess Telsa rocket man will be up soon so it'll be good to hear his side from his "contact" lol
@yoyoma
You play a fine tune on that Cello !
This is slightly later in October than the last few years and as the lady said it likely would be delayed due to CMA this year so no "inside knowledge" was needed, as you rightly point out.
@ Fairdealer
An astute response to the predicted 80p SP.
I am awaiting the first one to forecast triple figures, it can't be too long as the permabulls can never await the declared figures they always seem to know everything in advance....
My understanding is the P1 stage of the CMA investigation will be concluded BY the 21st. So any announcement may come at anytime before then. I also understand from research that they cannot block the JV but delay it until a P2 investigation is conducted.
It is CAMRA that has stuck it's oar in with the following statement 'However, consumer group CAMRA (the Campaign for Real Ale) said today it harbours “serious concerns” about anti-competitive effects of the JV, including “market foreclosure for small brewers, which will reduce choice for beer drinkers and pub-goers”.
“This is why the CMA must make sure that any merger does not stifle fair competition, access to market for brewers,?and ensure decent consumer choice of beer in pubs up and down the country,” CAMRA chief executive Tom Stainer said.'
Surely the CMA will look at this but competition will be stifled anyway with this pandemic and the only way of keeping pubs open and brewers profitable is by cutting costs.
My understanding as inferred in CAMRA representation is many independant and craft Brewers are concerned about their access to Marstons pubs will be limited even denied as Carlsberg will likely shut them out,.They ( Carlsberg) want control of Marston's pubs . The JV makes specific reference and possibly something the CMA will be looking at.
FairD
Lots of micro pubs opening in Lancashire. All seem to be busy and popular. If and only if your scenario occurs then it would be the JVs that will suffer increasing footfall in the startup pubs with low operating costs.
By the way, not a current share holder but have held in the past but still look in. I feel my view is as a neutral but Marstons has to evolve in order to survive. To block any JV will not be good for the sector. All it will do is give a bigger market share to companies like GK.
just my opinion of course.
leas I am sure a number of micro brewers are doing ok. I know one or two. The worry is for those who rely on pub outlets such as Marstons and others. and the impact the Carlsberg/Marston venture will have on those outlets currently controlled by Marstons. Ignore the noise as some have clearly not read the JV agreement. It is a combining of Breweries and NOT just distribution as some will have you believe. The JV clearly states Marstons are obliged to retain at Least 50% of their Pub Outlets otherwise they are in breach of the Agreement. Carlsberg want that retail access and clearly would have the ability to shut out other Brewers.
Does anyone know how many Pubs Carlsberg manage in the UK? No doubt Superman has the answer.
I understand and agree to some extent but these
Pop up Pubs need suppliers and the microbrewers fit nicely into that market.
I travel quite often to the U.K from France and every time I go to my home town there is a new pub in an old shop premises. I bet if I spoke to the landlord of the large Yates pub then he would have more concerns about how that is impacting his footfall rather than the JV of two major brewers.
I suppose your opinion and mine are very similar to the discussions the CMA are having.
Quite recently the CMA blocked a partnership between Asda and Sainsbury’s. Now we have Lidl and Aldi taking up market share and Asda gets sold iff to EG that give store space to exclusive bakers, fast food chain and coffee retailers.
Sainsbury’s a U.K. business is left out in the cold and losing ground to the likes of the co op and Aldi.