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I find it odd for someone to say that you will never get rich buying shares in “well known” companies , when using there own example of Tesla, if you had bought in 2020 and even with the recent large dip in the SP, you would still be around 400% up!…let’s compare that to MARS, where you would now be around 50% down for the same period, with a mountain of debt not being repaid and pubs and drinking going out of fashion big time, especially by the younger generation of today. AGM’s I find do offer very good Lip service and I have heard CEO’s lie through their teeth on other shares saying “all is going well, although we are suffering some “ macroeconomic headwinds” (is a favourite line to “deflect the real truth) ,I’m sure you have all heard this spiel before) only for months or a year later you start to learn the real truth and the debt is not being repaid and the company really starts to suffer. I truly believed MARS could turn things around, but after recent updates by other large pub chains, I have changed my sentiment and for the life of me cannot see how this company is going to “come good” without a MAJOR Change in fortunes….and if JDW and others can’t currently make it work with little debt and run very efficiently, then. Sadly MARS have little chance of turning things around dramatically and paying off some of the mountain of debt they carry, whilst also needing to report large increases in profits to allow this to happen…I somehow now don't think so Pedro!
Like I said in my previous posts…Will look to buy back in at around prob 20-22p if the results from the next T.U are “very good” as this has plenty of time to fall much further before the next update, not due till around Mid May….otherwise I will count my lucky stars I sold at a “bit of a loss” 2 weeks ago and not a potential huge loss when the results come out in May, which I will be amazed (judging by JDW and RBG recent updates ) if they are “good” considering MARS’s mountain of debt! GLA …if you are much braver than I am to wait and see!
I may in a few months (after the next Update from Martons) regret selling the remainder of my Long Term Share holding this week (at a loss of around £ 4k to me), but then I do now feel after recent news from other Pub chains, this is sadly not the bottom of the continuing drop in the SP for MARS!....I estimate around 20p as a new low before the next update? I don’t want to wait for a potential "RBG type SP drop" (of around 65% this week alone), if MARS's next update is not "good", which I will be truly amazed and stunned if it is good news, with all the recent headwinds, empty pubs and there huge debt pile....But I do feel that if the next update does show POSITIVE signs of FUTURE improvement in trading and potential PROFIT, as of course Sales improvement alone means Nothing if the debt is NOT being serviced and Proffit's not Increased...So I will await the next update and hold my breath as to see if I made a mistake selling early and if I then buy back into MARS, or count my lucky stars that I sold when I did and avoided my losses potentially doubling or worse??...well only time will tell and none of us have a crystal ball of course!
yes. okay pedro, we must all be taking “negative crap” then…not just facing upto honest and real facts and figures that is keeping this share price sadly on its ****! you are of course fully entitled to wear your rose tinted glasses and hope the pixies somehow pay off marstons huge pile of debt (like rbg reported today) and also magically make huge numbers of former and new customers reappear in there pubs and spend loads of cash (that they don’t currently have) because all the martons pubs around that i know have had there customer footfall reduced (certainly not increased!) for even half a chance of the next trading update sales and debt figures improving! every other pub group is reporting a downturn currently….so once again please pedro answer your own question of “what makes marstons so unique and such a special offering?” as all the marstons pubs around me certainly don’t stand out as anything “special” at all??
Just take a look at RBG Revolution Bars shares today -32% down!….This is what is happening to any big pub group carrying a load of debt at the moment….i have just sold my remaining 20% of MARS today I’m sorry to say. I honestly hope I am wrong, but I can’t afford to wait for a similar fate to maybe happen here in the next few months?? GLA remaining share holders.
Yes fair..I agree with your comments and also similar in that we had a quiz team for 15 years+ every Wednesday night in a local pub. The pub would always be rammed every Wednesday night for the quiz, but early this year the weekly quiz was abandoned due to dwindling numbers of people in the pub, especially over the past 12 months. Such a shame to see once busy and lively pubs become as you say an “empty property shell”
So much so that I’ve just sold £30k which is 75% of my long term holding in MARS , as I’ve decided to cut most of my losses (rightly or wrongly?) because I am now so disillusioned and can’t see where a major recovery in this share will come from. Genuinely Good luck to all still having a major holding here…., as I think this share will need it!
To put it in simple terms…If JDW (with very little debt) and the company is run efficiently, now find themselves struggling to make a decent profit and operating on wafer thin margins….then MARS who are saddled with a massive amount of debt and big loan interest payments) and not run as efficiently as JDW, with Generation Z (youth) and more middle age of today giving pubs a miss, I now struggle to see how this share can be turned around in the near future, without some major positive news or changes happening?
Yes I’m a bit more concerned for us now with the short term SP, after JDW’s average results which the markets reacted very badly to on Friday. A potential interest rate cut, some good weather and Euro 2024 in the early summer may all align to improve sales/profit and give us a much needed and long time coming, share price lift?…or we could just pray for a takeover offer to turn this share blue instead of looking at it in the Red most of the time lately! GLA.
Fair doos casapinos….you were spot on with the market reaction! I wish I would have “got out” early this morning as you did, instead I waited and am well under water now. Let’s hope it also recovers soon as you predict….along with my other “pub chain” Marstons, which unlike JDW , has been flat on its ass for the past year and shown no sign of recovery at all yet! Instead it’s going in reverse, but fingers and toes crossed it may recover a bit this year, as I’m around 15% down on MARS so far.
Let’s hope the JDW results and trading update is fairly upbeat Friday morning, as I’m sure this will in turn help us and give more confidence back into the “large pub chains” shares as a whole?
Not tempted to Sell yet...espeically after FTSE just reached a 3 month high and today's announcement that Inflation has dropped by more than expected..It's all positive at the moment! GLA
Things like the Huge single sell of £ 2m in the close at 16.35 yesterday won’t help the SP much. Let’s hope there will be more Buys than sells now as the SP is relatively low. GLA
It's very simple thinking really...If they could not manage to take advantage and turn a profit during Lockdown when all Retail shops across the UK where closed...Then they have absolutely No Chance of making a Group profit Now, especially with people's future Spend Priority turning to things like Holidays! The Bed & Mattress sector is Saturated and "Premium" brands like Eve will I feel start to really struggle as the squeeze is felt from high Inflation and rising interest rates. Not to mention Only £ 4m left in the bank is gravely concerning to me!
I thought I was being smart buying lots of "big chunks" @ 3.4p and Buying again in the close @ 3.31p the other day, when the "Ask" price was 3.4 ...the same as the Share Price...Wish I would have waited longer now!...Let's hope Eve can win the Diversity in Advertising Award from Channel 4, as another 1-2 million in the Pot would be a huge Boost to the Cash-flow and excellent PR for Eve also. GLA
Yanis don’t worry too much about them after hours trades… 16:45:41 3.31 145,000 Sell* 3.40 3.50 4,800 UT
That was me and a deffo BUY as I posted I would earlier!
Sad thing is though the 700K at 3.14 has to be a SELL at that low level but let’s see what the next few days bring. GLA.
The good news is my Big Buy order at 3.31 I mentioned at 4.25 pm has just filled Yes!! :)
I’ve put a cheeky order in to buy lots more at 3.31p in the close. Fingers crossed :)
Thanks for confirming that Yanis. I will buy another 10,000 shares in two minutes time for good measure ha.
And I will buy another 15.000 shares in 2 mins after this post to prove it at 3.06pm :)