Member Info for Graviton

On the plus side, surely the longer this takes and therefore the more interest rates and bond rates fall the better the deal they should be able to cut. Why pay 6% to lease a ship when you could pay 4% ! And as interest rates fall, asset prices e.g. Ships should rise.

Nice positive RNS, nearly 9% yield still !

Well the RNS does claim the disposal will be accretive to earnings, so presumably some how the sums show the savings in debt costs exceed the net dividends received.

The RNS also says...

‘’Marston's expects to put financing in place that is better suited to the new level of leverage in due course and will update as and when appropriate.’’

So hopefully we get the expected BOE interest rate cut on 1st August, and in the autumn MARS will be telling us debt is being refinanced at very considerably lower rates. I guess the key is for them to be achieving more margin from the pubs than the cost of the debt.

Why do they appear to be paying such a high interest rate for their debt ? From your figures it is around 10% interest which would just be mad - surely they can’t be paying that much !

If they are paying that much then hopefully the real reward from the sale and deleveragr would be that refinancing the debt could reduce the interest rate to say 7% instantly generating say £25M increase in annual profit ?

Give up £27M pa dividend for £18M saving in cost of debt ?

How are they paying 9% for their debt ? (18/209 ~ 9% !)

Does this make sense ?

Carlsberg also buying britvic, what stops Carlsberg hiking their prices and making a killing ? Where is the profit in this value chain ?

So what happened at 2:30 then to cause the drop. Things were OK til then, something changed ?

yes, funny how we have to (1) pay for the grossly incompetent spending and **** ups as they are happening despite it being blindingly obvious to any half intelligent person that the politicians and their ‘civil service experts’ are completely wrong and in denial of scientific truths and (2) pay again to fund all the compensation and restitution for the gross wrongs 20-40 years later.

meanwhile all those involved in the **** up walk away with knighthoods and mbes for their incompetence and establishment denial of the obvious wrongs continues until they are all safely dead or enjoying their massive inflation linked pensions.

horizon, blood transfusion, covid lockdowns, unsafe and ineffective vaccines, etc. etc. ad naseum forever.

‘’But these markets are brutal’’

It is not the markets that have done this, it is the awful management.

Later results could just reflect the new FD coming in ? Not sure when the date was published ?

Oh, they have pushed it back 3-4 weeks compared to previous years.

2 more months of mushrooming.

Bus electrification is just part of the net zero insanity I’m afraid. Certain people and parties with vested interests keep pumping largely false climate propaganda stories into the MSM and censor out the many scientists that disagree.

When the truth comes out and the climate scam collapses the ICE will be with us for another 50-100 years.

Ripe for a short squeeze ?

Odd sudden price drop today. Weird. Perhaps Coltrane still reducing ?

Well I think it has become a pig in a poke. Turnover is vanity, profit is sanity, cash is reality. The problem is we don’t know the terms or basis of the contracts they hold - they don’t seem to have a handle on them themselves. Any idiot can win contracts by underbidding and accepting clauses that will ensure a loss if the economic situation changes. A contract is no good unless profitable. Rolls-Roycd learned that lesson the hardway because thir contracts were power by the hour and no minimum baseline or force majeur clauses etc. However when flying came back so did their revenue and they cut costs. Mobico have increased costs now and presumably hold long term multiyear contracts that may now be profitless or loss making ? Nobody knows and they don’t seem to be publishing any proper contract analysis.

A good FD might sort it out to provide clarity in a few months despite the CEO. But losing one FD looks bad and like scapegoating.

Pig in a poke.

Farage is only helping to screw the country by splitting the vote in a first past the post system.

Labour will be an uncontrollable disaster.

The real problem was the treasonous response to covid supported by Labout too. £500Billion wasted on nothing while destroying the health service and education for absolutely no benefit. Where is the daily count of grandmas dying on the waiting list ? For some reason not broadcast daily on the BBC.

Is that an 84k buy by somebody after the bell ?

Otherwise with no news for 6 weeks it seems this is a play thing for the shorters.

Very odd situation is difficult to understand - appears questionable for a public company.

What’s occurring here now ? No RNS ?

Why are we down 7% on no news ?

Can’t seem to see an RNS re dividend ? When is the next divi and how much ?

Any ideas why this has dipped ?