Member Info for jedclampit

Don't we have £200m bonds due to re-paid on 31 st July this year. Anyone seen any up-date to this or any confirmation as to repayment etc?

OK I give in I might be wrong it could be 80p. !!!!!

More sells than buys today as some are taking profits while they can, I also sold some today over 80p for a little profit while it's there.will sit and watch now to see where we go.

Yes just done the same and bought more at 69p ish, what a very low price and should be back up to 75p next week.

So if the government is now going to offer £5 off a £10 meal eating out will this put a stop to pfd selling more retail packs for the home and hence the sp start going back down?

Not only on vat 5% but also £5 off a £10 meal which must include pubs, just how many Marston pub sell food ?.
This must hell with turnover .

Just how far are we going to go with what's going on, 80p maybe £1 in 3-6 months.
I don't think we are going to see any takeover offer now as the sp is getting too high, if anyone was interested in pfd knowing what they were doing with profit / pension / debt I think they would have moved in at say 50p- 60p but now they would have to pay too much.

Sorry about that the Bl*** finger missed the keys, or just the brain out of step with fingers should read self & kept.

Unforyunately many low paid / eslf employed people have lost out but we also know many of the work force have been ketp in their jobs with 80-100% of their salary and nothing to spend it on I even have family in the same position.
Most of these people now have plenty of money to spend and we could find a big pent up demand to pass that money on in pubs and shops like never before, so we could find businesses recover fast. Let's hope so and many that have lost out get their jobs back soon as well.

Yes I guess this has been known since the announcement but it does not get concluded until 3rd Qtr and I don't believe we get the money until then so until that happens it cannot be included in the sp , because things sometimes don't always go to plan. But we will see.

The FTSE 250-listed brewer & pub operator said it will receive a 40% stake in the Carlsberg Marston's Brewing Co joint venture, plus a balancing cash payment of up to GBP273 million.

Marston said the deal values its brewing business at GBP580 million and the Carlsberg UK brewing business at GBP200 million.

The company added that it will use the cash to reduce debt and provide additional financial flexibility.

Earlier in May, Marston's said it secured an additional GBP70 million through an increased bank facility to ensure it is "best placed to navigate this period of uncertainty" created by the Covid-19 pandemic. At the time, it said the temporary closure of its pub estate and the additional GBP70 million liquidity would set back the its debt reduction "trajectory".

In March, the company had commenced a debt reduction programme with the goal of reducing debt by GBP200 million by 2023. As at the end of 2019, net debt was GBP1.39 billion.

"I am delighted to announce today's JV with Carlsberg UK. This new partnership acknowledges Marston's strategy, position and consistent outperformance against the UK beer market, realising value for shareholders today, whilst retaining an interest in the future upside of the combined entity," said Chief Executive Ralph Findlay.
Should be concluded in July-Sept and we should then get the money and I guess it will be used to pay down debt.

Talks about pubs etc and says many will find it hard to come back as strong and could take time, but a few including Mars have done well by raising money etc like the deal Mars has done with Carlsberge. So I think that is another tick for the right move forward and should help the sp next week.

Presentation about 6 + years ago had 40mmscuffs per day which included eneo gas take, I never said eneo had agreed to take 40mmscuffs, but then again it was vog's gas number plucked from the sky that again never came to plan. Stop trying to make this personal it's about vog and all that info is available if you want to look it up.

I am not sure how long you have been invested in vog if you are but I am sure there are many other posters that can up-date you on their business should you need help to understand it.

It's not worth getting into a discussion about this, eneo may be small in terms of energy companies but when this pipeline was first put down the plan was to supply about 60 customers which never came through or were signed up and so the pipelines were extended to the power plants with an agreement to supply to eneo and regardless of size they were the only company vog could sign an agreement with to get the volume vog needed to stay afloat.
But again eneo never bought the full volume vog put out in their plan which I believe was 40 mm scuffs a day, and it's been down hill ever since.

Sorry RF68, don't try and tell me I don't know what's been going on with vog. I was invested in vog for about 10 years, involved in what about 4 cash raising issues, talked to Foo on the phone and emails for about 4 years and like many lost many thousands of pounds.
This business was never profit making for any shareholders apart from Foo & Co and vog has changed direction to many ideas over the years all of which have failed. If you know better and are happy to put more money into this company then fine, but I think you will find they now have very few options left.

The whole business was set up to supply eneo with volume gas and vog has spent what about £200m building a pipeline to the power plants. VOG could never sign up enough gas customers to make this pay without eneo and has kept them on the books more or less to justify vog was a going concern.
But now eneo supply is finished vog are dead in the water and will either be bought out on the cheap or go under without many more customers, but now the world oil price is so low many will stay on oil for power.Many saw this coming and so the sp will / could now end up at 1p again.

It's just had a takeover from the latest investors and they will still be short of money, who else do you think will want to take this over again with all that debt and NO profi, Just to own the name.
Daft remarks.

According to their last up-date a few weeks ago As of 14 June 2020, the Group had sold 533,000 three-year fixed-price policies, with over 60% of direct new business customers choosing this product since it was fully launched.
So there must be a lot of happy people out there for one reason or another.

The transaction is expected to complete in the third quarter of 2020.
So does that mean July - Sept and is that when Mars gets the money ?
which we can look forward to.