Member Info for fairdealer20

Darkarches there is nothing on the LSE financial diary for next week, where have you obtained the information?

Hoolicat glad you said that not me as I would be considered negative. Have tried to point readers in the right direction.However good the deal with Carlsberg, and there are short term gains, ultimately once the Major shareholder has brought in efficiencies, which may take 2 years, the autonomy of the unique and individual breweries will be centralised. This in itself will achieve significant savings, human resource reductions, distributions savings etc
The creation of CMBS as a private company leads me to think, it will be floated at the appropriate time.

jonno the main thrust of my post in response to the linked Sun article is it's inaccuracy. Yes there could be a beer shortage for these simple reasons staff have got to back off furlough ( judging from I am hearing in other industries that may not be easy). There are different skill-sets in both beer and cider-making.Vessels have to sterilised and cleansed when out of use for a period. Remember continuous production is almost self cleansing, yeast by there very nature do help the process.. It takes around 5 weeks to produce a pint of beer from mash to bottling.
Cider is available now as real cider is fermented from apples pressed last autumn and fermented for anything between 3 and 6 months. The sealed vats can retain cider for 2 years and more. So what the Sun says is rubbish.

You best keep your jokes for when the bars re-open, it is no laughing matter at the moment.

gloster a simple sentence added to the original RNS ( Office move) could so easily have avoided the sarcasm!
Sorry forgot, Shareholders don't own the Company and are not entitled to know.

remember they don't have a partner, we do. they depend on higher Oil price to justify viability and have, as yet, an un-quantifiable funding requirement for infrastructure and production platform.
They will only be spending money for the next 5 years until 1st Oil and then cash surplus in 2026 and we are where we are (SP)
It is good to see we are making admin and operative savings, just a pity the Execs have not volunteered a pay cut as many other Execs are doing including Shell's CEO who is taking a 50+% pay cut

adg to be clear you consider a post highlighting Marstons Premium products countering a post ( jonno) promoting an inferior drink, to be negative? Really, those could be the thoughts of a "Trumpian Scholar".

What is tiresome is posters arriving here who know little or nothing about the company and it's history. Pontificating about a return to at least 7p dividend when you know nothing of the Company's reporting timescales and how dividends relate to Corporate accounting , a fundamental School-boy error. Having the audacity to criticise long standing shareholders who have knowledge and want to see the Company improve it's performance, only tells experienced investors to ignore bluff and bluster. Unfortuneately there are novice investors who can get dragged along with the euphoria and the skilled ramping.
I do not want to see anyone investing in a Company, any Company which they have not properly researched......that is crazy. I certainly do not want anyone to lose hard earned money.

Adg you would do best to keep your own Counsel until you know the full facts, which in these uncertain times, will not be clear to any of us for a while yet.

adg if you prefer rubbish I don't. Remember Marstons base it's reputation on Class.

Are you a Trader?

jonno rubbish. Can give you a lecture on cidermaking. What Aldi are promoting is not cider but a glorified Apple juice beverage. If you want real cider, not industrialised rot gut, search for Traditional Cider.

More fake news. Can someone tell me how cider is produced in a week to 10 days?

sage suggest you wait for the interim figures due any day (June is all the Company have stated). In view of recent and ongoing events existing information is unlikely to give you a number.
As far as yield, presume you anticipate a return to the dividend list! Any idea when that may be?

trent that is a fair point, however and depending on a Franchisees agreement, it would be unusual to allow more than a certain% of beer to come from other sources, i.e Guest beers.
That said isn't it reasonable to expect Marstons to give some guidance to it'e outlets in order to maximize sales?

London tends to be a different market too the rest of the Country. Marstons have a smaller exposure in the South East than some Brewing groups.
The quality and consistency of food and service does vary from location to location. I have on occasions made comments to HQ ( Wolverhampton) where standards have fallen below what customers are entitled to expect.

It should be of concern to read Leppington's experience that the company have not issued guidance to Landlords of how they can operate given the restrictions.
It would be good to hear from other Landlords to know their experience?

adg good to see you have done some research which should show a level of consistency. Some of us who enjoyed a good dividend return highlighted sometime ago the wisdom to pay such a high div when the debt pile had grown. The group had increased greater debt with the aquistitions, particularly the Charles Wells deal. Now regrettably events have caught up with Marstons. The deal with Carlsberg is a God-send and will at least enable the company to reduce debt. Even though the JV does have benefits, I make no secret of concerns a Major partner may inflict on the Junior. Hope those thoughts prove wrong....only time will tell.
The full effects of the pandemic is yet to emerge, What is clear many Business sectors will struggle to survive, some will disappear, the upshot being huge unemployment and consequential diminished disposable income.
All the unknowns, it is impossible to predict when Marstons will return to a level of profits which allow a return to the dividend list. Even then and with deposit rates remaining at or close to Zero, dividends generally will not return quickly.
I disagree, recession is imminent, even the Chancellor is preparing us for very troubling economic times. In his words far worse than anything seen for decades.
One of my businesses was in the Cider Industry, am still connected to a minor extent, and have a number of contacts in both Cider and Beer production.

It is already estimated National debt has grown by £300billion and likely to approach 600 by the end of October.

Your prediction of £1-1.20 within a year would be very welcome, however caution is suggested.

AIMO

Mike hope you structured questions a little more subtly?

Does anyone know who the 2 lucky Shareholders are?
Mike, and others, hope you have submitted questions!!

Leppington has vested interest, that pubs should recover. His previous posts should be read as some of the issues facing CMBC should be considered. It is alarming to read Landlords have not been advised/consulted.

addendum.

Leppington seems to me you have got to show some initiative and apply some innovative ideas. It is your livelihood.

Leppington that is very disappointing. If you are in a good location and there has been a level of trade to be had, it would seem sensible to attempt take away/off-sales. Pret A Manger are untaking a take away, Ok food and drink ( non alcohol) and is attracting good custom.
Remember customers tend to remember establishments who are endeavouring to provide a service, however limited.
When the lockdown is finally over customers are likely to remain loyal.

cherryburn that is a sign of things to come. Before this pandemic, Pubs were already having a hard time and listening to some Publicans now, they appear almost resigned to never re-opening.
Pubs in London are currently using entrepreneurial skills and operating as off-licence take aways. Are any of Marstons pubs being encouraged to undertake such methods?

Mike I remember the statement by dickupham very well, indeed our shared view at the time that not only was the placing uneccesary in June 2019, as time as clearly confirmed, the way it was done gave control to an elite of investors. At the time and before the Placing completed, I challenged the Brokers handling the placing, as I wished to have a piece of the cake. I was denied......not a happy bunny. I have stuck with the company whereas dickupham discharged all of his holding following concerns regarding Algy Cluff's successor.