Member Info for doze

The dividend is deferred Good Energy will review final dividend this year according to annual statement 4/6, they do have a progressive policy and are in a great space to grow with the clean energy push:

However, in light of the ongoing COVID-19 pandemic and ongoing focus on prudent cash flow management, the Board of Directors has decided to defer the final dividend previously announced. The Board has also taken the same action with regards to the 2019 employee bonus.
The Board will review this position following the publication of our interim results in September 2020, but notes that payment would only be made after careful consideration of both the Company's liquidity position at that time and the wider economic outlook as households and businesses emerge from the pandemic.

TOMASZ BLAWAT
Managing Director, Carlsberg UK

Tomasz Blawat joined Carlsberg UK in January 2019 having led Carlsberg Poland for six years, where delivered significant growth and upgrade of the business. His long work experience is across FMCG and the finance industry and includes tenures at Procter & Gamble as Managing Director in the Baltics; Vice President Sales, Marketing and Distribution for SABMiller Poland; as well four years as CEO for ING Insurance & Pension, Poland. Tomasz is also Non-Executive Director of StockSpirits plc.
From Carlsberg UK website

Thanks for dates and confidence and helpfully signing up as a member of LSE - a barometer for CEOs!

Good analysis from fairdealer20 at 18.59/19.03. The better the JV does and I can see it doing very well, the stronger the say of the 2 Marston board members (out of 5) and a successful IPO would then further the development of the freehold potfolio and/or return a handsome special dividend.

Tim Worstall on Seeking Alpha
https://seekingalpha.com/article/4351621-carlsberg-jv-marstons-looks-undervalued
This looks a good one to put away for the medium term.

I think the deal was not greatly, if at all, altered by covid and it was a deal thought of as a good one for both parties going forward. I don't know what synergies the CMBC will come up with but you can bet Carlsberg will be pretty good at running things well where they can. Probably good software and staffing input and fleet controls not to mention maximising the retail outlet that both already have with fresh beverage sales by cross selling their existing outlets. Possibility of the continental Carlberg business taking former Marston stable brewer's output to widen sales to the continent . I am not a pub goer myself but hope Marston's do own some quality locations and get down to business after lockdown is lifted, there is probably a lot that can be done by a building refurbishment division of the business. Wetherspoons have it well developed.
Where are you putting your money for a post lockdown profit?

barchild-the deal was struck pre covid as a good way forward. The old set up had directors managing pubs and brewing. I expect the brewing to gain synergies and the freeholds a new management who can concentrate on service to the customer like Wetherspoons does.

Hoolicat; Marston's are not out of brewing they are trying out a better managing system out of which they can wriggle if it goes wrong. I think as a mainly freehold business Marston's will come out of lockdown much better than businesses that have leases to pay.

I expect the managed pubs to improve their offering when managers do not have the brewing to manage aswell. Return from the JV - 90% of free cash flow to be distributed so 36% to Marston's should be very good with synergies and wider market from combining outlets. Unless something derails the JV they have 10 years of implementation before revisiting strategy: IPO or carry on as normal.

Trade Time Price Quantity Bid Offer Buy / Sell* Deal Value Trade Type
Jun 5 2020, 16:35 69.60 1,754,418 69.55 69.60 Buy £1,221,074.928 UT

imo that UT indicates the MMs are not sure of direction and did not participate in the closing auction so tomorrow might be a jittery start for them and sentiment will decide the direction or maybe they had cleaned out orders. A decent rns would settle the issue and would be sensible if new news can be delivered. I favour a therapeutic tie up rns to underpin the IP or even the creation of an affimer/AVCT franchise deal for any major pharma to sign up to and improve their therapeutic drugs.

Only that lse has reported the value wrong, it should have been £1,439,623.7325 . They had the volume correct. It bodes well that a lot of shares were snapped up in the closing auction as long as it isn't just to fliup them.

Surely this means the TAM now includes AVCT as a constituent so if LFA does take a share a statistic for that percent will be created in Zurich. Effectively they are just saying there is a new kid in the market they have to monitor so another vote of confidence imo.

Could be Carlsberg have this joint venture to take advantage of a trade deal with USA aswell as synergies in UK. The craft beer market is strong in US
https://www.brewersassociation.org/statistics-and-data/national-beer-stats/

afp3wt- they might walk the sp down if there are a few million at that price to aim for but buying pressure may win out.

Lets hope so fellow 2008 lse member!

It is obvious the cabinet are behind the tech and it needs to be taken up.

Jarv55- It is the sort of tech D Cummings would approve of- could have saved some bother!

Only small personnel required for this business but massive market to tap.

1st June is when the company starts trading. I am not sure how they got their staff when health workers are in such demand. Maybe they will concentrate on the Covid ID/Passport!