Member Info for fairdealer20

Gestapeep agree, Shell SP is forging ahead. Does not make any sense with oil and gas prices starting to rocket

Barchid,

Posters arrive here without a complete knowledge of MARS history. Whether any of us like it or not management decisions of the past affect a company going forwards. It could be good or in MARS case bad. RF was focused on enlarging the Estate through borrowing but forgot to take account how Pubs have gradually and consistently become unprofitable, consequently closures continued at an increased rate, especially since Covid.

Shareholders need to understand under RF's watch not only did debt escalate, he agreed terms with Brains to manage a bunch of run-down pubs that required serious maintenance, his discreet rejection of Platinium's offer ( exceptional against today's SP) and his curtailment of Dividends which many of us valued ( I remeber Trent's comments each time the iv was due). THe list of Findlay's discressions is considerable.

Trading updates are only a guide as to how income has increased(decreased) against previous records. This trading data fails to provide any meaningful detail of Profits which we know will have been impacted by the increased input costs. These costs effect every Hospitality business, however sector company's use the same method of presenting Trading reports, which to me is clouding the true state of affairs, especially with a company, any company, that has over borrowed. It will be the full yera's audited accounts that will dsiclose the real state of finances. It is all very well Anreas predicting increased profitabilty in the next fiscal year. Maybe his crystal ball tell something the market does not see??

You are right, the sale of Pubs will determine how book value is translated into actual value. There is no mention of how well or otherwise Christie's have managed to move the tranche of Pubs listed back in the spring. I know of several PUbs, close to Wolverhampton, that have been closed and boarded up for almost 2 years, some Marston's Houses.

Redevelopment of Pub sites can be fraught with Planning issues. Developers in the current climate are reluctant to take unnecessary risks.

So in your opinion the total capital debt owed by MARS has decreased by more or less £180m.!!!

I do'nt think so. If I take out a loan of say £100m it stays at that amount until repayed.

Inflation is a measure of price movements ( Wholesale and reatail) and not connected to to basic loan debt.

Getagrip, indeed.

Did you find any requirements on voting? I could not find a required % needed to pass resolutions and have concluded it will be a simple majority.

There are some quite astonishing suppositions sprinkled with sarcasm.

As at the company's last published accounts Liabililties ( debt) was over £1.8 billion. Even when interest rates were fixed and lower, the company did not keep up repayments and breached Loan agreements not once but TWICE and now lenders have agreed waivers and put the company on a quarterly review

Could the bright spark confirm lenders have reduced the Capital Debt by the inflation figure?

Millions of mortgage holders will be interested to know, it would be a huge relief.

The company has consistently liquidated assets, selling selling Pubs, even the sale of the Brewery was to raise funds to reduce debt.

The problems go back a long time, Ralph Findlay's management. The existing management is a continuation of RF's style. The company needs a change of Leadership, people with inspiration and flare.

When major shareholders have sufficient control, they are able to put forward propositions to take-over a company without too much trouble. Ordinary PI's are made an offer they cannot refuse. The shares will be de-listed from the main market and only tradeable between existing Shareholders at a price determined by the Directors. It can be a complicated business I have seen it before.

Rich as a LTH I do not wish to argue with you, but suggest you re-visit " the per-historic past" The 2nd but last Fund Raise was done under dubious background, so much so one very well respected poster on these boards ( an Accountant) warned the balance of control was moving away from ordinary PI;s and into the hands of a few high value investors. He further pointed out this continued funding method would eventually give those high valued investors enough control to take the company private.

I have stuck with the company because of Shell's presence , any talk of a Dream team is quite amusing

It should be noted, Algy Cluff engineered the deal with Shell before his reiirement, which incidentally followed a background share deal. He (Algy) took up options which he immediately sold to Michael Spencer ( Lord Spencer).

Even though Algy indicated he was to retire from the OIl business and concentrate on his vineyard in Kent, within 1 month he formed Cluff Energy ( Africa) alongside MIchael Spencer.

Make of that what you will, but do'nt say there is no continuity

Ralph Findlay is an Executive Director of Vistry, dare they ask ALL hotels for a discount on accomodation?

In full: Vistry's email to suppliers

To whom it may concern,

We wrote to you last week regarding our announcement that going forward Vistry Group will be focusing our operations fully on our Countryside Partnerships model, merging our strong Housebuilding operations with our established Partnerships business.

This enables us to work with our partners and suppliers using our mixed tenure development model to significantly increase our contribution towards addressing the acute shortage of new homes across the UK. Together we can improve the overall rate of delivery on our sites and provide increased visibility of forward workloads to our supply chain partners. We can all help deliver the homes the country needs.

But in doing so we have to be efficient and conscious of wider economic pressures. The current economic environment heightens the need for us all to be as efficient as we can, and we are working hard within our group to ensure we manage our internal resources effectively. We also have to place responsibility on our supply chain partners, to consider their costs and balance the opportunity provided through continuity of work with increased efficiency.

Economic pressures created by inflation have softened over recent months with some commodity and labour costs reducing. We need to ensure that this improvement is used to unlock additional delivery. We will shortly be contacting you to discuss how we can achieve an overall 10 per cent reduction in our existing and future contracts whilst maintaining production and ensuring continued commitment to quality in the homes we build. As the UK’s leading partnerships provider, we have a unique opportunity to deliver more homes and secure our forward workloads and we want to work together with you on achieving this.

We appreciate this requires careful consideration across our diverse range of partners. In the current environment and in common with our competitors making similar requests in the industry, we are seeking to reduce our cost base. Unlike others, our partnerships model means we are ambitious to continue building and increase the volumes of new homes. 65% of the homes we build are pre-sold, helping us build at pace. Sharing this business continuity strengthens our partnership and provides additional resilience to economic cycles for you as a valued supply chain partner.

We will be contacting you in the next few days to discuss the details further. If you have any queries in the meantime, then please do not hesitate to reach out to your regional commercial leads.

Thank you for your continued support and commitment to maintain production. We look forward to continuing to work with you to deliver much needed new homes across our operational area.

SC seems you need an optician

. Please tell us where Shipping Insurer is mentioned?

Is that the best you can do? As any Retired Banker will say, "never catch a falling knife".

Remember the Qualified Professionals you refer, are using historic data now more than a year Old. The market is clearly sceptical about the NAV. Unless you know the consideration Christie's have achieved, the probable value of those PUbs are less than Book value.

The UKNS has been I3e's Achilles Heel for some time,. Much wiser to concentrate on producing assets ( Canada) than throwing good money after bad. Whether the current Management can or will walk away ( Serenity) is open to debate, which many here have decided.

Have you any idea how inflation works? With such crass comments even an inexperienced investor must wonder what you are on.

I'll give you a little help. Inflation is a yardstick of how much more expensive goods and services are compared with recent past. For instance many fresh food items were over 17% more than a year ago. Only now is the rate of inflation falling. It does not mean prices have reduced on the contary they are still increasing but at a reduced %.

Do'nt runaway with the idea increased sales equate to higher profits which is what astute shareholders want to see.

It is the sales cost analysis that matters on any balance sheet.

Being a constant ramper does not appear to be listened too, judging by the constant slide of the SP.

SC, as your elementary Maths teacher would say, " you must try harder2

Any increase in sales of less than 10% means a company is going backwards. Inflation cannot be ignored and neither cost of sales.

The NSTA are sending a message that indicates energy security for the UK is fundamental. Can only give confidence to large and small players within the UKNS. Good news for all except the Green brigade.

No Debt, Cash pile growing, further dividend next March, Future developments, all mean a major re-rate.

Under no illusion, every Shareholder, large and small, have their own interests at heart. However much anyone has misgivings regarding the disproportionate share entitlements, following the money more often than not pays off.

Risks always exist particularly a change of Government that could reverse what Sunak has announced. The whole population will then face monumental problems for years.

Hope loyal Investors, listened to DELT;s largest shareholder, on LBC this morning. Michael Spencer is very bullish regardings the PM's announcement yesterday. He is confident the UK's energy security is assured, oil and gas will have it's part to play for a few years .

What nonsense, company being asked to slim down by a "potential" aquisition merchant. If there is any grain of truth in that "hope" the Company would be obliged to issue a statement. The BOD did not issue a statement regarding Platinum offer for several weeks, so who knows? RF was too busy giving a life transfusion too Brains at the time. Then Brains did the dirty on MARS. Within 6 months of the Leasehold/management agreement, offered the Freehold of their(Brains) Pubs for sale. Marstons now have a new Landlord of the erstwhile Brain's estate, Song Capital Investments.

Recieved into my trading account this morning. Check your accounts