Suggest as a bona fide shareholder you contact the Company Secretary and request the full details of the JV referred too in 8th June 2020 circular.
Have you seen the Charge documents recorded at Companies House on 4th May? That may give you further insight into the finances of the Company?
Lejib, suggest you read the JV documents which will help you enormously. As any serious and experienced investor knows., essential to fully understand the history and financials of an investment.
The AGM is on the 24TH MAY. Shareholders have to access the agenda and voting forms from the company website.
Any takeover will consider the JV with Carlsberg where Marstons must retain at least 50% of Pubs as owned at the date of the JV agreement. Carlsberg have the company in a Headlock. Sahreholders do not know he fine print of the Lease agreement with Brains. Considering Brains pressed for lease payments up front ( Brains were literally drowning) it is pure speculation, but would be surprising if conditions within the Leases are to be overcome. Another shackle to be considered.
The offer from Platinum was 107p, ordinary shareholders were not informed until Platinnum had made a 3rd Offer. I believed at the time a higher offer could have been achieved, however RF was so obsessed to help his mate at Brains, we were never properly consulted.
Any predator now will be very wary of the obstacles.
Shareholders have one man to blame for the mess left in his wake.
As stated many days ago Spoons had beer on offer at £2/pint. The offer ran from mid-March to 30th April ( the company's year end). It would be amazing if that offer had not increased sales dramatically .
The various AGM and Voting docs are available on the Company's website. Do'nt expect Brokers to notify, as I did.
Votes must be received at Share Registrars,Farnham, by 22nd May.
Have recd notice today from II regarding the 1 for 20 consolidation. I am in favour, however has the AGM agenda along with propositions, to be Voted on, been received by anyone?
Oilriches would be good to view the report produced last September, before the successful drill commenced at Pensacola.
Suspect the article refers more too the Giant Gronigen field, in Dutch territory, where that Government have curtailed production due to reported fracking damage on the mainland.
Sooner or later the Environment Protesters will release shipping LNG half way around the World makes NO sense when resources are off the UK Coast. Could be when their Elderly Relatives start dying from hypothermia.
Cambo is off the Shetlands on the verge of the North Atlantic, where conditions are rough in comparison with the Southern NS. Infrastructure costs for Cambo, where none exists will be massive. Southern NS has a plethora of infrastructure, easy to tap into. No doubt these fundamentals will have a significant effect on Shell.
Hedging will only help Managed houses, Tenants are left to their own devices as a business on it's own. Some Power company's, supplying other Businesses, not Pubs, have more or less had forward agreed terms recinded. Power Co's are B's.
SC do get the facts right William and Kate visited The Dog and Duck. Coronation Chicken is off it is now Coronation Quiche.
Enjoy your meal!!
lejjb, you do seem either confused or plain mischievous. You know that many Institutions have numerous specified funds that invest in particular sectors .
You have answered your own question.
Some will think you argumentitive, I give the benefit of doubt and put your approach down to, having hooked a bottom fish, are enthusiastic to pump the catch higher.
Dusty Springfield recorded a superb and apt song, "Wishing and Hoping" Give it a spin!
Schroders for one. As any smart investor should know most Investment Institutions have specific classes of companys in which they will invest, ethical, health concious, AI within FTSE 250 etc. Any further evidence you will need to research, not difficult.
Please check. Many corporate institutions, often Pension Funds, have conditions within their constitution. They are not imaginary as you suggest.
Morgan Stanley iinvest for Individuals of High Net worth who wish to remain anonymous.
MARS are in the FTSE All Share Index.
Articles of Association do not allow many Institutions to invest in companys outside the FTSE 250.
Marstons fell out of the FTSE 250 4 years ago.
Bubble whether or not there is a consolidation, the company can and probably will create another fund raise at some point.
They do'nt want to be like UKOG and have billions of shares in issue which only attracts the wrong investors.
Some of the "Experts" here do'not understand the mechanics of consolidation. For instance to have 20 shares today worth 34p and tomorrow just 1 share which will be worth roughly the same ( 34p). In other words shareholders big and small will retain the same % of capital asset within DELT.
A consolidation will make the company more attractive to new Investors, penny shares tend to attract investors looking for a quick buck.
AIMO DYOR
PB, certainly not bitter. I do not wish to see innocent investors being persuaded to invest with doing proper research. Unfortuneately these boards are full of juvenile investors especially since the lockdown. They are prey for the money makers who do not care less for their fellow man. You have seen one today whose so called facts are grossly distorted, and some will beleive.
It is every investor's responsibilty to do proper research to ensure hard earned cash is not going to disappear and not listen to silver tongued rampers.
Just remember the market is a means of transferring cash from one person to another. Just think about that.
Wolfwatch your post (11.11) is spot on. Some pubs are,nt earning their way . The Crooked House is a Graded Property and will be difficult to re-develop. It is odd that less than 6 months ago more than £100K was spent on the Crooked House.
Talk by some here is quite ludicrous. The current CEO has been with Marstons for several years unless SC knows he is about to be replaced, much as he (SC) knows how well sales are going.
SC. do you have inside knowledge?
The frivilous attitude towards debt is barmy. Lenders have 1st pull on assets. Being told debt is secure until 2025 may give comfort to some, but those who know about debt management are aware reneging on repayments not just once but twice raises Red flags.
The suggestion Institutions will come on board, think again, many Funds are only allowed to invest in companys outside the FTSE 250. Marstons dropped out of that market almost 3 years ago.
Rampers will try to convince gullible investors that everything is rosy, but they are hedging their bets being in WHB.
There are many of us who have seen the slow decline of Marstons, commenced under RF, and hope the future is better.
Come on clever clogs ( simpleton) tell us all about stock consolidation and do not continue this rabid crap you keep spouting.
Come on tell us about stock consolidation and stop the abuse
Gasatapeep, suspect the sells are nervious traders. Have been here as long as you and do believe a consoldation will be beneficial to LTH's once the Penny Merchants have cleared out , which in itself will affect the SP, short-term
PB, not sure Carlsberg see Marstons as having a share in them. It is the other way around. Carlsberg have form when taking control of competitors. The only way their agreement got over the line with Monopolies and Mergers, was keeping Marstons as part of a separate company. Tetleys were taken over by Carlsberg in a similar fashion.
The value of Marstons assets is a questionable matter as commercial properties have, depending on location, limited investment interest. The result of Christie's marketing of 61 pubs will give everyone an indication of the total Property Portfolio value.