The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
..on another BB:
https://www.shropshirestar.com/news/business/2020/05/29/sales-soar-in-the-sunshine-as-beer-lovers-drink-at-home/
oogle, you got your (my!) wish this morning, some 62 pencers going through at last
From the same (London Stock Exchange) website, over the two days there were 91 trades. I don't believe, with the volumes involved, all of them could have been existing holders getting out or new investors getting in.
There must be some machine driven activity going on, with just a few parties trading backwards and forwards.
Any major change in holding would have driven a TR1 notification by now.
I took the stats from the London Stock Exchange website for ECK.
According to the LSE, during last Wed and Thu (markets closed on Fri), a total of £116m worth of shares changed hands.
For a company with a market cap of £145m, you have to wonder what on earth is going on?
Successive governments could not have done more to destroy the pub industry. The duty alone on beer is unbridled extortion (plus VAT, gives circa 30% of a pint is taxation, on what is a simple organic product). Also, the murky world of business rates takes some unpicking but I read £20k per year for one pub.
OKgov are literally killing the goose that laid the golden egg.
...part of me thinks that Covid is being used to hammer home the final nail in the coffin for the pub industry and as the users tend to be middle aged, white men, who is there in the MSM to give a stuff!?
“As we get older our immune system tends to get weaker and less effective, but there are things we can all do to keep ours in good shape and ready to take on all comers. One way is to bolster your microbiome, the microbes that live in your gut. They are central to our health, our mood, better sleep, allergy prevention, and importantly at the moment, immunity. Along with the gut’s ability to help manage a healthy weight, it’s clear that for long-term health, we need to start from the inside.”
https://www.telegraph.co.uk/health-fitness/nutrition/dr-michael-mosley-improving-gut-health-lockdown-will-boost-immunity/?li_source=LI&li_medium=liftigniter
Interesting opportunity, do Marston's not have their own big bottling plants?
Or, are they fully pulled out bottling beer, anybody know the split between the brewing contribution towards the bottom line vs the pub trade side?
Petition: Cut beer duty for at least 12 months, so pubs can survive after the covid virus.
https://petition.parliament.uk/petitions/306054
well, bang goes reason no. 5 (not entirely unexpected these difficult times)
the reasons I posted on another BB:
1) easily manageable debt
2) cash in the bank
3) growing revenues in both US and UK
4) little impact on business activity (either by staff movements or services they provide), that I can see anyway, re Coronavirus
5) annual dividend payment
Other than Dunstone, the top four (institutional) shareholders hold >40% of stock. I can't see a bid/takeover succeeding without their cooperation
...and they're not going to give it away
...and that a penny/share
From today's H1 results:
The interim dividend for FY19 will be paid on 24 December 2018 for shareholders on the register on 30 November 2018 (ex-dividend 29 November 2018).
Not come across anything, maybe the interim dividend payment date will be announced with the interim results on Wed 21/11/18?
$33m of exit Chinguetti for a start, an absolute absurd amount of money for something that seems to have produced SFA