Member Info for fairdealer20

London you may wish to re-examine the numbers.
Loan notes amount to £816m
Buildings valuation as at 3/10/20 included Breweries and distribution properties transferred to CMBC in November.
Marstons have a 40% interest in CMBC
Property valuations done by Management and not Professionally signed ( values could be higher or lower)
NAV is circa 72p.

Your figures look great but will they stand up?

Peaks.....spot on. There are a few long standing investors here who have the financial future of the company at heart, Trent is one, not a Johnny Come Lately.

Pmoran agree with your final paragraph, however do read the loan agreements . The company have agreed not to pay a div attributable to the current financial year ( ends 30th September) In other words the earliest a div could be payed is Jan 2023.

do not expect mega bucks

In times like these Opportunistic investors (Asset strippers) , who are faceless, creep out of the woodwork. I am under no illusion that the bid will meet the expectations being posted.
The company has a huge debt pile, Ralph has got to face bondholders again in April ( the outcome has already been decided at the last meeting). He will be all to well aware the ongoing lockdown, with not certainty of an end, is putting the company on a ruinous course. The Brain's management agreement due to commence next month is unlikely to reap the rewards expected. The whole hospitality sector is in a mess , only those with robust balance sheets will come through to sunnier times.
Those who have got in below 75p may be saying "on no account will I sell". Lets see, Money talks.
The SP has been barely above 1.30 in the last 3 years when an excellent dividend was payed. We are in different territory now, so do expect mega bucks.

VC companys may be flush with cash, they also know there is going to be a huge number of virtual destitute companys for sale in the coming months

YoYoMa agree, let's see their money on the table. The eye-watering numbers being banded about would be great, but cannot see 1400 pubs/accomodation properties adding to the figures stated. The Carlsberg deal is not so easy as some think. Remember, apart from the conditions within the agreement, Carlsberg have 60% control of the breweries. Experiences of Cadbury and GKN maybe good for PI's in one way but not sure longer term managers and staff will feel comfortable.
Any mention of Brains is erroneous, that is due to complete next month and is only a management agreement. Brains retain the Dragon Brewery and all of the pubs

Tricky where is the net book value of £2.5billion?

Business Desk must be wrong Davey?
If your information is correct a suspension is likely.

Sam the decision is in the hands of Instituional investors. A simple majority will give ordinary PI's little say and even then those who have bought in at below 75p and there will be a hell of a lot, seeing a 40%+ gain will accept.
Private Equity Investors rarely allow existing holders to retain a share...there are mechanism thye will employ, once the bid is approved, to take your shares with no choice.

The BOD have the offer which is being considered. Likely the number will be released after the market closes today.
Sorry I have been and seen it before and there is nothing a PI can do about it.

Forget historic share price, a lot has happened since 2015. My guess is anything over £1 will be a bonus. Platinum will be looking at the NAV as stated earlier.

Is it rumour mill? There was intense activity at the bell ( heavy selling and SP dropping). Difficult to see a VC group coming with the SP 25% above NAV. They, if Platinum will need to consider the JV agreement with Carlsberg.

Caution
DYOR

Shareholders can only be impressed with the traction the company is making and planning.
Make no mistake we are going places.

The risk/reward margin is so tiny, not sure this placing will get fully taken. There could be a lot of shares hitting the market at a lower price. Best of luck FNF

cuckoo is that backed up with scientific research or pure wishes?

Terrier, mansion's opinion is not abusive. It may be contrary to your view, as it is mine, but not abuse.
Can you explain you view on a ban?

Does anyone know the methodology used for allocation?
It would have been sensible to allocate those say £1000 and below the full application amount and scale back the large applications

tester afraid it is common when a company decides to raise funds. I got caught with Cluff Natural Resources ( now Deltic)
I was on the ball and had noticed the Express Book Build, howver it was scewed towards the major shareholder and outside banks. Ordinary PI's were not given a chance. I was furious and made all kinds of noises, getting nowhere just a significant dilution and big decrease in share value.
This is the stockmarket and big players are able to control

appears the allocation is under 15% of shares applied. Has anyone had a different allocation?

It's a dilution with new shares offered at 41p. This then reflects on the value of shares ( SP) of existing holders. This happens when a big dscount is applied and unless existing holders acted promptly, they will have lost out, temporarily. The SP will recover once the opportunists have sold out