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Haha glad to see everyone took that the right way!
I’m gunna give the message boards a break for the rest of today..
See you all at ten to 8 tomorrow!!
:)
Guys and Gals.. Chill!!!
We’re getting a bit carried away at the minute!
We’ve gone from De-rampers flooding the message board with literally hundreds of posts saying the share will be 20p and the company bankrupt and asset stripped through to predictions of £1 today or tomorrow or at 2:30 each day for over 3 weeks... today the market is shut and we have predictions, hopes and dreams of £8 and £10 a share!!!
Please stop!!
£8 makes quite a few of us into millionaires! That would be nice, but slllllooooooowwwww down a bit!!
Please go get some breakfast... take a walk.. have a drink..
It will be 8am 01/08/2020 very soon! We will see then!!
@M00la
Nail and Head...
Streaming movies on a pay per view basis will give people with even the most basic knowledge of computers the ability to pirate the films on the very first available stream.
No way will this ever work - physical Cinema Screens and venues are invincible.
Just watched the whole clip - I must have missed the bit about some upcoming news?
Before covid, Marstons we’re trying to find 200 million to pay off a debt that needed to be paid by the (beginning I think) of 2022,
They aimed to meet this deadline by:
Selling circa 170 ‘disposal list’ pub sites
Their average yearly profit was around £75 million
They had worked out that the disposal pubs plus the profits between the two dates would make them easily able to satisfy that deadline.
As Covid broke out they arranged a £70 million deferral or flexibility in the finance, leaving them in a position where they needed to use the money from the sale and half of the money originally expected from earnings.
They own EIGHT breweries across the country, their logistics firm and around 1400 pub sites, they have plenty of options to arrange to pay whatever deficit there is on the deadline.
Plus, with Carlsberg sniffing around With more than enough funds to both pay off Marstons debt completely AND outright buy the entire firm, I would not be too worried about Marstons finances!
When the pub I run was owned by Marstons I was on a contract that is a simple ‘low cost’ entry as a tenant but on paper sounds a lot like a management position, you pay a fixed amount as a security bond to enter the agreement and have a long list of ‘rules’ to follow, basically Marstons pay the rent, gas, electric, some operational costs and they buy the stock for the bar, you pay for staff, business rates, a few bills and if you want to run a kitchen you pay those costs too, in the arrangement the tenant receives 30% of the takings from any wet sales,
We moved from that deal to a standard tenancy on completion of the sale from Marstons to Admiral, I have worked in venues on a multitude of different contracts and have many friends and old co-workers from over the years who are involved in the pub/hospitality trade at all levels,
Any recent conversations I’ve had with anyone working with Marstons or running Marstons tenancy or share-agreements have been positive, the ‘eat out scheme’ has brought a lot of foot fall to most venues
Also, one MASSIVE benefit for Marstons is that the ‘retail’ and ‘foundation’ agreements are all pubs that DO NOT pay them any rent for the buildings, so those pubs have not accrued a debt of rent to Marstons and are all reasonably viable businesses even during covid, most of the pub companies have charged rent to all tenants the whole way through Covid lockdown and this is a mega strain on the finances of these venues and honestly could result in a large percentage of the pub sector to just give up and close their businesses, in the medium to long term, this won’t affect us at shareholder level because the businesses will get a spring clean and be offered to new tenants.
All in all, marstons have a varied selection of contracts in their pubs and I would (with no figures or solid information -simply using my knowledge and background in the sector) confidently say that Marstons are in a strong position because their Managed and Semi-Managed outlets will prop up the leased and tenanted section and enable the whole estate to limp through Covid reopening restrictions,
Most of the other pub companies use a 3rd party logistics and brewing companies to stock their outlets, as marstons use their own fleet (although obviously that has overheads of its own) they continue to supply their own manufactured product to their own pubs, thus continually moving their brewery stock and bringing cash in the tills with less middlemen to pay inbetween.
I’m probably just rambling on now! I suppose that could be classed as an introduction..
I’m currently sat on 500 Marstons shares to retain my discount card! I was up to over 50,000 Marstons shares a few weeks ago but I’ve taken the risk of moving the funds to another area for a few weeks! Hopefully I don’t miss the quite obvious double-up that will inevitably come here!
I’m Totally new to amgo!
Where should the sp be realistically?
I’m seeing mention of 20p, also seeing information saying loans are on hold and the company has cash flow to survive till December..
What renders this at 13p and what needs to happen for it to rise?
I just saw the mention of 2000 pubs, before the 137 deal last year, they sold a fair chunk before this (to Heineken I think) a year or two ago.. ‘2000 pubs’ sounds like the number from before that sale.. 1400 sounds right at the minute!
If I remember right, they sold some buildings at some point m on the basis that they would rent them back.. I’m not 100% if this was many pubs or just a select few.
I don’t think the 137 and the ones sold to new river/Hawthorne are in the 1400 I’m fairly sure it was closer to 1600 when I saw the company details when I signed contracts etc.
Either way, they own a substantial amount of pubs split across varied ‘sectors’ of the pub sector, various revenue streams,
The pubs they sold were nearly all sites where the venues had struggled to keep the businesses viable, either due to location, the availability of customers or the tenants abilities to maximise the business,
Problem sites that needed more attention to get them up to par than would ever be worth investing from their business model
Apparently, selling off these pubs increased the profitability of their entire estate by 2% Which doesn’t I totally seem much but when you take a step back it’s a pretty big deal.
Definitely due an RNS to disclose where those 10 million shares (minimum) have gone in the last 72 hours!
I run one of those pubs that was sold last year!
The number of pubs they own will be broken down into ‘leased and tenanted’ and ‘managed houses’ and possibly ‘partnership agreements’
There are more aspects to the pub estate than the general public are aware of,
I don’t know the breakdown off the top of my head but the information is out there:
Marstons sold 140(ish) pubs to Admiral Taverns last November and then sold a further amount of pubs to another company between December and January, these were A selection of the lower performing pubs and ones that only generated ‘wet’ income for the brand, - the money forum the sale was intended to be spent of paying off 200,000,000 of their (at the time) £1.8 billion debt.
All of this is public, and available on various press releases from between November and today
Yeah, I remember that day,. I was massively down as I went in at 40-something a day before..
This doesn’t sound like a particularly good idea.
Gambling with money you cannot afford to lose is always a bad idea - you could end up paying this back over an extremely long time.
‘Can’t trade’ as in your trading platform has stopped CINE shares?
Please elaborate?
I’m not airing how many shares i have in public, I have enough invested to make a difference to me if these hit the targets we anticipate, however if the bottom was to fall out and rip us out of this comfortable zone I would walk away without feeling too bad,
I ‘came into some money’ a couple of months ago so ‘Easy come easy go’ as some say!
I got into this stock when it was around £0.37ish so already sitting on a pretty reasonable rise.
Going by your last post here it was supposed to be 5p this week?! You might need new batteries in your calculator!
I like your thinking but this seems like it is being strategically manipulated to plateau, I won’t be surprised in the slightest to see another RNS tonight or tomorrow declaring 10-20 million shares bought
You can see each cinemas bookings on each showing by pretending to book - no account needed till the final confirmation so you can check over and over again without signing in
The figures are showing that others agreed..
Currently 2 million more shares bought than sold today..