Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I’d take a stab at this and say that the JV completion announcement had propped up the SP slightly, add in the ‘support package’ in place from the government towards hospitality for the the next month, (which covers November which is usually pretty crap in pubs) regardless of the long term prospects Carlsberg and Marstons together should weather the storm.
Just look at the other chains/pub company’s: restaurant group, wetherspoons, M&B and to a certain extent Whitbread.. all holding stable in their SP even with a national lockdown due in less than 72 hours!
I think the next few weeks will be a bit of a rollercoaster.. I’m hoping to top up if there is a dip of 5p or more.. even if Mars dips to 20-30p in the next couple of weeks, it will more than likely bounce.
Pubs in general will suffer through this lockdown but a ‘proper’ lockdown is more financially stable than the 3 tier system which is put on hold tomorrow night.
God knows what he’s blabbing on about cattle and tents for?!
One thing to note is that the entire pub industry is selling off their open (and likely to expire) booze dirt cheap over the bar in an effort to reduce wastage, most keg lager and cider in cellars across circa 40,000 Uk pubs has Best before dates that go through to February/March next year, real ale/cask ale is generally stocked to allow a week or so in the cellar and any savvy landlords will have sold this by Wednesday night..
If brewers were on the ball they will have halted manufacturing and switched any liquids that are in production to longer life by filling bottles.
There shouldn’t be much waste, there might not be any profit generated for a month but the cash burn during downtime shouldn’t really be anywhere near the 1st lockdown. I’m thinking of this as more like a holiday than anything else, quite a stressful one but at least there is (supposed to be) an end date to it.
Someone recently mentioned a target advert on Facebook.
I think I just came across the same one, a company taking no win - no fee cases against loan companies
Lots of comments with people asking what eligibility criteria there are, paid off, not paid off, still paying off, defaulted, named on the loan, guarantor of the loan, each comment has a reply from the company saying they would be eligible to start a claim.
Lots of people posting that their payout has been more than they borrowed, more than they paid back in total, ‘only took 6 weeks to get paid out’ .. a few saying you don’t even need to use the company to claim you just send a letter.
I am heavily invested here, absolutely s**ting myself because till I saw this Facebook post with my own eyes - I didn’t realise the PPI reclaim culture was targeting loan companies now!
I might dump this at 20% loss.
Someone PLEASE cheer m me up about this?!
I have cash tied up in an investment that I need to keep in place, I’m sat with RRN from the RI in my account..
If I leave it till after the cut off date, does it automatically get sold for me? Still not sure if I should take the shares up or not
Hello!
@scrambler,
Is it even legal for them to star lending to new customers if the customer doesn’t have a stable job and a viable means to repay the loan?
I know exactly what you mean, but take a step back and look from outside the box, if they leave themselves vulnerable to claims of selling loans irresponsibility- you won’t be seeing the sp going up much in a very long time
How can they release information when the country seems like it’s going into a second lockdown, causing job losses?
They cannot responsibly lend money if people’s jobs are not secure
Not deramping, just being realistic
I’m getting a bit twitchy.. currently in profit with RR but it’s slipping away.. hope that I’m not shooting myself in the feet by holding..
Totally don’t understand the RI but I’ve got some good information from here and mainly Poleaxe.. (I’m not saying I have had any financial advice - just an explanation of what is happening here)
I will be holding tonight.. no idea of the implications of selling tomorrow? Not sure what the ‘normal’ procedure would be on holding the shares after tomorrow!
But I love a gamble so here goes!
What are the key steps that we need to look for for this so to increase?
Are we simply waiting for announcements of releases and company announcement of reopening?
Are there any other aspects?