Member Info for Cacher

Added to my LT hold today too. Divi good, and confirmed for next year, so should alleviate some market jitters.

Well I've bought some today. Could have timed it a little better, but 219p will look cheap come the end of the year imo. Great dividend yield too.

Yup agreed. I'm pretty happy with things on the whole. More than happy to continue to pick up what I consider cheap stock. GLA

MARSTON'S PLC TRADING UPDATE 42 weeks to 22 July 2017 Marston's PLC (the "Group") issues the following Trading Update for the 42 weeks to 22 July 2017. Trading In Destination and Premium, like-for-like sales for the 42 week period were 1.3% ahead of last year. In the most recent 12 weeks of the period, like-for-like sales were up 0.6% which continues to be ahead of the market. As we previously guided, operating margins are slightly below last year in line with our expectations. With regard to the cost outlook for 2018 our guidance remains unchanged from that provided at our Interim results in May. We remain on track to meet our growth targets for 23 new pub-restaurants and bars in the current financial year in addition to eight lodges. In Taverns, like-for-like sales for the 42 week period were 1.9% ahead of last year, with growth of 2.4% in the last 12 weeks of the period, principally reflecting the benefits of the warm weather in June. In Leased, profits for the 42 week period are estimated to be 2% ahead of last year. In Brewing, own-brewed beer volumes were up around 4% compared to last year reflecting the continued good performance of our underlying business and the benefits of the acquisition of Charles Wells Brewing and Beer Business. The integration of the business is proceeding as planned. Commenting, Ralph Findlay, Chief Executive Officer, said: "We remain encouraged by our continued market outperformance and focused on delivering sustainable growth and maximising return on capital in an evolving market place. "Our transformed pub estate continues to deliver positive like for like growth across all three divisions. We benefit from an operating structure which spans food-led destination and wet-let community pubs, accommodation and brewing, maintaining a good balance within our brand portfolio and broad consumer appeal. "The Charles Wells brewing and beer business is bedding in well, further underpinning our leadership in the UK ale market. We are on track to complete our new-build and lodge expansion plans. We remain confident of delivering further profitable progress for the full financial year."

Well done Appleby. I took a few more around 1.17 to bring my average down slightly. Happy to sit on these long term. I think the change in focus and recent acquisitions will prove to be very shrewd over the medium/long term.

Email the company. Investor relations were very obliging, and i sent them an image of a contract note. Discount card appeared in the post a few days later. Great if you've a Marstons down the road, like me :)

You don't simply divide a projects NPV by shares in issue. At this very early stage of project development there are many other factors rolled into the forthcomimg years that necessitate significant discounts to a projects NAV. Take a look at MKA's ree project, or RGM's Motzfeldt project. If you used NAV as a basis for the valuation they'd be capitalised at billions! Lol. Let's see what the forthcoming results say, and go from there..

Realistically, I think anyone interested in the company is now considering how they fund the next phase of the project. At this point an equity raise is the most likely course of action. The results due out should give a good overview of the financial position, but it's likely a feasibility study will be mostly (if not fully) funded by a raise. People have figures to now base an investment case. It's now up to them to pick an entry point.

You'd usually need a definitive feasibility study before you'd expect to progress the project through debt/project finance. Scoping study is an initial appraisal.

Looking at the most recent fact sheet (late June), GCL dumped most (if not all) of their Paladin holding.

Interim management statement due 26/07

So what's causing the weakness? Fundamentally the business is in a decent position, just the debt is a possible issue, but that is held against a significant property portfolio

I've freed up some funds, and will be significantly lowering my average very soon. Tempted to wait and see whether your 104p arrives though...

http://www.asx.com.au/asxpdf/20170712/pdf/01873474.pdf

Added more to my long term hold at 1.19. Average down to 1.28 now. As you say, it's a no brainer on anything other than a short term outlook..

https://www.berkeleyenergia.com/investor-relations/company-presentation/

PA mentioned in recent interviews & presentations that they had entities mopping up shares being sold by one or two etf's. Clearly keen to keep get the sp up/stable prior to a financing package being put in place.

Looking strong here. Bought in recently at 43p, along with some purchases in FCU and UEC, having held GCL for quite some time. BKY looking a decent bet on whichever timeframe you take imo

Some very good analysis here: A Look At Pub Operator Marston's Plc http://www.seekingalpha.com/article/4085494

http://www.telegraph.co.uk/investing/shares/questor-uranium-trust-doldrums-weakening-supply-means-recovery/