Member Info for fairdealer20

daz if your are a client of Primary Bid you will have been notified. The bookbuild is open I think for another 15 minutes

threeparts, it is pure speculation on the part of Rampers(traders), who will no doubt sooner become de-rampers with the news today ( lockdown unlikely to be released for pubs, restruants etc until May.

Takeover specialists will need to be aware of Marstons agreement with Carlsberg, which could put an almighty block in the road!!

Cannot se us getting back to 110 until the div is restored. The SP will linger around the NAV until some serious news emerges or some kind of sell-off of redundant pubs ( the number must be growing by the day). Clearly Tim Martin is getting worried.

Apologies the Ruling is Supreme Court and not High Court, so excellent news for all Policy Holders

Insurance Companies will Appeal to the Supreme Court. They are not going to pay up easily, could take some considerable time before the outcome is finally determined

Joe is right a load of bunkum.. If the SP were half what it is now , there would be Vultures circling.

Investor, is it an Asset-stripper Betaville are pondering as a potential bidder??

On 30th November YoYoMa discovered and posted a link to Trustnet. The link sets out in a better to read format than the link posted yesterday. Those who read the Trustnet link generally agreed BNP Paribas are taking over £819m fixed and floating notes. The Interest swap agreement between the Issuer ( Marstons) and HSBC are transferred to BNBP by way of a swap novation. Unless others have another view a "swap novation" is the transfer of a loan facilty from one provider to another.

The Post-Novation agreement between the Issuer and BNBP contains certain provisions which are not in the HSBC agreement... read items (i) (ii) etc. Item (ii) states the Issuer may not agree to or make any modification, consent, waiver..............."

The agreement goes on to say the parties will use reasonable endeavours to agree replacement rate before the 31st December 2021. If agreement is not reached the FCA or any other relevant Regulator will recommend a replacement rate.

Suggest interested investors read and form their own opinions

Read the link from YoYoMa's original post of 30th November, which is much easier to understand.

If you are a Tax resident of Luxembourg , where unearned income is Taxed at a different level to UK, the origin of the Special dividend, it may be possible to recover an amount which is in excess of the rate deductable in UK. The UK does have reciprical agreements with other states. Much depends where you have elected to be your Tax location.
Reclaiming Tax or not, depends on your Taxation Status...it can be a minefield. You should have a Tax Advisor.

In the absence of a reply from Bberman, does anyone know where information on the swaps referred can be found?
Have researched the company's website and cannot locate. Any ideas?

YoYoMa agree the speed the RNS was released after M&B 's warning was swift even for Marstons.

Bberman, thanks for the correction. Again correct me if wrong, the approved waivers will not be extended beyond April?

Are you connected to Marstons?.

barchid
Not sure how RF can claim at this point in time the final payment will be £20m. The payment is based on a basket of company's, as I recall including MAB and WTB and others. The calculation to made in September. Maybe he has a crystal ball??
At least the SP is moving in the right direction, one wonders why?

Is anyone experiencing problems with posts disapearing and or being duplicated?

oxygen that is correct. HSBC have undertaken to allow waivers until April and have made it clear NO further waivers will be considered. They (HSBC) have agreed to transfer Loans to BNP Paribas in Q4. The terms BNP have agreed in taking over loans are very rigid ( there will be No Waivers).
It is possible as trading conditions are outside of the company, an RI may be forced by lenders.

BP and all that.

AIMO

Is the RNS a quick response to MAB's proposed fund raise, and too pacify the market??

What takeover?

Joe do you know something?

What takeover?
Joe do you know something?

barchid,

Dead right ( sorry for the pun). The way UK have handled this pandemic is appalling. Have friends on the South Island (NZ) and their lives are back to normal, except travelling abroad, which OK given the space and natural environment, do 'nt believe it will bother many Kiwi's.

As a matter of interest M&B have released a quarterly update this morning. The figures and comments make interesting reading. The company has cash of £125m has all sites closed, is burning cash at the rate of £35-40m per month. The Board, which includes 2 major Institutional shareholders consider it prudent to make an Equity raise.

Marstons should release an update ahead of the AGM on 27th January, we will then see how figures and possible capital requirements compare with MAB, who have a much stronger asset base.

As all Boy Scouts know...." Be Prepared"

barchid,

There may be a few alias's at work!!

I commiserate with the delay/postponement of you trip to the Veldt. My trip to NZ has likewise been disrupted.
Lets hope we live another year!