Member Info for jedclampit

So I think it's fair to say they all think Mars is worth a lot more than current sp.
Platium must think at least £1.25-£1.50 but trying to get it cheap and Mars think it worth £1.50 - £2. when the pubs all open again.
I wonder if Carlsberg think it worth buying Mars out to keep total control, and what price might they put on Mars to stop any other takeover.

So it would be nice to see an rns from marstons confirming they have made an offer, not just press talk etc.confirming

I don't think we have seen any real response letter / reply to any offers being made apart from the standard , this offer undervalues the company.
All / most companies say this but maybe they should say thanks for your offer but we the board think £1.50 is more the true value and we can talk, but theywant to keep their very well paid jobs for themselves.. Still maybe we will get an rns from the bod's today with more info.

This so called offer of £1.05, is it an offer or not was it ever a firm offer or was it just a number they were talking about.
How can any bod's put forward an offer if it's not a firm offer on paper.
It does look like Platinum have already made 3 very quick almost offers to find out the lay of the land but it doesn't mean they will come back with £1.20 + this week. Or does it?

There has been a number of half baked offers made for companies over the last 6 months where offering companies might make an offer somewhere about a price of , and many never get any further.
If this is the third offer ie 88p then 95p now £1.05p are they just finding out the lay of the land, some make an offer then ask to see the books and have 3 months to conclude.
So will this £1.09 or more become an offer and have they asked to see the books, it's all a bit iffy.
Has the market woken up to the £1.05p offer or might it never happen, and what does the MARS bod's say is a good price?

But it's not yet a firm offer, so that's 3 offers so far I guess they are just trying to find out where we go from here.
OK the board can reject any offer but if the shareholders have their say will they take £1.05?.
Maybe there will be another £1.20 offer within the next few days.

Even after getting approval for the Capital movement I cannot see them giving a divi this year either they just want to get the approval first. With regards to turnover next year, ok they might not get the same growth qtr on qtr when covid lock down ends but I think they will announce some brand purchases to bolster their range. which will increase turnover and remember because they have already paid down large amounts of debt and will continue to do so they will have smaller overheads so should improve the profit levels which should also boost sp.

From qtr3
A Further £40m part redemption of Floating Rate Notes due July 2022, saving further £2m p.a. interest costs, making £160m paid back at least 1 year before time.

At an EGM held on 11 January 2021, a resolution for a capital reduction was approved by shareholders. Following this approval, confirmation by the Court is required and this is expected to be granted in February 2021. The Board believes that this capital reduction will provide greater flexibility in how the Company manages its capital resources going forward, such as the ability to pay dividends, should the Board determine it is appropriate to do so. However, it should be noted that the Company has not made any decision as to the use of any such realised profits.

As a consequence of recent positive trading and improved cash flow, the Company has also been able to repay £120m of its Floating Rate Notes due July 2022. In addition, as reported at the Company's recent half year results for the 26 weeks ended 26 September 2020, Net debt has been reduced to £382.8m on a pre-IFRS 16 basis (£403.1m, post-IFRS 16), and Net debt/EBITDA reduced to 2.3x on a pre-IFRS 16 basis.



These actions have significantly improved the Company's financial position. The Company currently has a profit and loss account deficit which, as at 24 October 2020, amounted to £460.3m (on an unaudited pro forma basis). At the same date the Company's share premium account showed a positive balance of £1,409.8m (on an unaudited pro forma basis).
So this action must be seen as very positive and should push up the sp more, but when?

When you follow this sp over the years you quite often see the sp go down when the total market goes up, and pfd sp will then go up the next day or few days after when the total market goes dwon. It's a funny old share and maybe now is the time to top up again.

It doesn't look as if it can hold these gains and could still end the day at about 90p or less.

Thank you Pmoran1969, that's what I thought only the way some were reacting I thought I had missed the price offered.
Nothing is for certain in this game.

Don't get carried away here it's too early, the sp could still be down a little more today.

Have I missed something here because I haven't as yet seen a takeover price unless I am going blind, anyone please ?
Or is this going to be another AA deal and offer say 75p.

' and this company is genuine worth about 500p a share in normal times, '
I don't know where you get this number from, you must remember they diluted by issuing what another 4-6bln shares so £1.50 maybe now after we get everything going again.

First of all I would like to thank all those that have taken the time to give us shareholders a much better idea of what's going on and why. I think it's fair to say that with all strikes all / most of the true facts never get to see the light of day and it looks the same with CNA.
This again looks like the unions are trying to convince us all that the engineers are being short changed but it seems the facts tell a different story and infact the engineers don't seem to have a strong position after inflating their week position.
Overall they look like they are getting a very good deal compared to many other workers, and one point I would like to make about travel time . I used to be a Salesman traveling all over the country and often leaving at say 5-6am to get from my home to an appointment some 200 miles away and I like most just got paid a salary and never any overtime OR travel time so tuff this is the real world., So if you don't like it leave.
Anyway the truth has come out so can we just give it a rest and let CNA get on with making the savings and changes needed to be a 2021 company making profits again.

So just do a few keep going on about Israel doing so well !!!.
First you have to remember that Israle only has a total population of about 5m people as far as I know so to give about 5m jabs is good but UK has already given out about 7.5m jabs.
So I would say UK is doing a better job wouldn't you. !!!!!!
Many countries around the world would love to be in UK 's position.

Well there is certainly a lot of disagreement on here about what the share should or will be, but this sp is no different to many other company share prices where different posters have different views.
Look we all have our views and some are based on facts / logic and some is about wishes. We all know that whatever is said by posting it has no effect on the sp up or down but it’s also fair to say that whenever you hold a particular share which you think you bought at the right price and some body tries to push the sp down to buy in we / most holders will post every positive they can find to defend and push back the sp.
Also it’s fair to say that for many trying to buy into a share they like will also find every negative to post to drop the sp remembering that the market works for both holders and shorter’s even if you don’t agree with it.
But the most important thing is to remember it’s just a big game and there will always be winners and losers.

Hi there , no we / shareholders don't know al the facts and we / many have asked for them as shareholders surely we have a right to know.
The company has said all engineers will still be on a minimum of £40k + overtime, so what are the hrs you can work and at what rate and just how different are they to what you were / are on?
I take it your pensions haven't changed and I take it you will still get 5 weeks holiday + lunch allowence free use of vans etc etc. Come on hten just tell us what's changing, the facts and then maybe you will get more support.

If that's the case why are they trying to get their hands on our Oxford vaccine stock.
Sounds a bit two faced to me.