Member Info for barchid

Yesterday it was a forgotten stock, today they received a bid approach...

The fact that almost a third of the market cap is in cash, is a real rarity in a stock that is valued at only just over £10mill.

Revenue up as well, this looks very much a forgotten stock.

It does certainly seem that we are set fair wrt the Wintershall deal, once that is confirmed we are all likely to be wondering why we didn't buy more at these (and earlier) levels.

I'm delighted, having paid too much for these initially but happily my trading in & out + averaging is showing good results so I look fwd to the deal being consummated this year, then we have some real prospects to look fwd to.

That was a great link, it made my morning, nice one !

Another nice move up today, certainly seems to be attracting interest at these levels...

I have to confess to being a little surprised with todays market reaction, the stock has recently been trading like option money and after the significant holding announced this week by Coltrane, I would have thought that a modest rerating would have been in order, but it seems like last weeks punters have been unwinding today on the results.

Will Coltrane come back for more now they have seen the results is a pertinent point to watch out for, imo.

What these results do show, though, is how debt seems to be the anchor on the SP, & Findlay certainly liked stoking up the debt pile, with his fixed interest rate agreements on many of the loans he made sure that MARS missed out on the cheap money era. That man, although thankfully now history, has a lot to answer for.

@Johnbri

I agree but perhaps they are too arrogant to do that ?

Like Lindsell Train, another example, it is good to have conviction but when things don't work out they need a sober reassessment, imho.

Very good news indeed.

This should have a very positive impact on revenue which hopefully will remove fears of an imminent cash raise.

I do feel very positive now about this stock.

@Reebus

But now the major shareholder is "retiring" according to todays rns perhaps we are deeply in the brown stuff ?

@TG2D

Do you have nothing better to do than keep repeating yourself ?

Why not use what appears to be a lot of free time at your disposal to more fruitful use.

You post on this board as if you have a bad stammer, you can never quite finish what it is you are trying to say, hence the constant repetition...

@macq

Superdischarger does love to waffle, best to leave him be, not the sharpest chisel in the box imho...

A much more positive AUM announcement today, this must surely be a good time to invest, albeit with some risk but to me the risk/reward ratio is much better after these figures ?

Currently jus 3.5p lower on a 10p+ XD is way better than I was expecting, effectively it is 7p better than its theoretical level which augurs well going forward.

Onwards & upwards we hope...

Hedge

I think you have made an accurate summary there, it looks to me rather appealing.

Sandyman

A rather aggressive response to FD's measured comments, whose posts are always factual & it must be said that even those in this board with a much more optimistic view on MARS than some of us, nobody has ever attacked him personally for no reason.

However looking through your posts recently on other boards you could perhaps consider changing your posting name from Sandyman to "Mr Angry".

Calm down dear boy, calm down...

Thunderbird

I stand by what I posted.

I do have a sharedeal active account which is why I knew that the normal transfer fee is £18 inc vat, however, if you request Jarvis to distribute your dividends on a quarterly basis it is free, note just for dividends, not the sale proceeds of a transaction which is still £18.

All you need to do is to phone them or email ;

payments@jarvisim.co.uk

with your instructions and bank details and it will be done.

Try it, you'll save yourself some money !

Holden

Your point about retained interest is well made but there is one thing that is in Jarvis' favour & that is their treatment of customers is much better in that ALL dividends received by them on a customers portfolio can be, at the customers request, be distributed to the customer' bank a/c free of charge (their normal bank transfer fee is £18 inc vat) each quarter.

To my knowledge their competitors are not doing this (yet) and it might be a good enough action for JIM to be treated favourably by the FCA when they start fixing rules to make platforms give up this "free money".

The results are now out and the trusted persons review which should have been handed in by 28 Feb is now delayed 2 months.

Also exiting the SIPP market which I find surprising, all in all I guess they could now be a target for II or someone similar ?

Not to mention that we won't benefit that much from "interest rates are about to drop substantially" when a very significant part of our debt is at fixed rate or collared...

FD, as usual a fair and reasoned analysis by you of this currently disappointing investment. The rampers will certainly try to refute your comments but from what I have seen of the commerial property market (not in MARS area though, tbh), it is pretty glum & I see little reason that the hospitality premises on MARS balance sheet are likely to exceed in any meaningful way their valuations. Indeed I would not be surprised to see them written down at some point, but as I have said here many times, Mr Market is not always right but he has had a pretty good track record over the years.

Pubs themselves as a sector have certainly gone ex growth and your point re supermarket sales is exactly what I see amongst my circle of friends, I live in Docklands and the number of pubs which are still open there has apparently more than halved since the millenium. Those which are open are not busy either, for someone who has always enjoyed quaffing real ale with mates I find I am doing it less & less in a pub but much more in private dwellings.

Sorry to be negative but this is how I see it.