Member Info for lejjb

Fairdealer20 - what is your source regarding that requirement that MARS be forced to remain the owner (Vs just operator) of 50% of the pub estate according to the JV wIth Carlsberg please?

« The Apollo bid puts minimum price of £ 2 on any deal before December and if there is a corporate action they will back at the table »

Source please?

Why not 101+p?

- considering that a 100p takeover was refused for being too low in February (?) 2021.

The board is the first barrier - although it could be overruled if enough shareholders join forces.

For once, I agree with NOFEAR here: the true extent of the data breach and its fall-out on the people's whose confidential info has been disseminated, as well as the reputation impact on the company, has been kept quiet.

Nobody handling, or facilitating the handling of, personal information can possibly consider working with Capita with as much ease at it would have before that incident.

Less than a month to fix the IT systems is very little time to address such serious flaws in the security architecture, and in this day and age, the expectations to have mega strong IT system for companies of that scale are much much bigger.

Especially considering that Capita also handles contracts with armed forces.

Hi all.

I note that "0.1% of the servers" breached, with little info on the amount and nature of the data stolen.

This looks like a BS metric to divert from the seriousness of the information.

Anybody would make an informed guess as to how much the reputational damage could impact Capita's recovery?

Thanks.

Peakybinder - I think there are 55-60% chances we will be over £1 this year. This is due to:

- the ongoing disinflation (= lower inflation vs deflation) for businesses (vs CPI, which is for consumers) primarily due to energy.

- the rebalancing of out-of-home expenditure and the increasing confidence that Covid won't make a big bad return (I'm not saying it's certain, I'm just commenting on sentiment) as shown from the sales drops of vaccine makers.

However, anyone tracking the log of trades will have noticed large (£15k - £100k worth) buys popping up for the past week or so: a "late" TR1 announcing the acquisition of a large stake by an II would not surprise me at all.

I vaguely think along the same lines, but my concern is that the massive interest rises since the last takeover offer have made it much more expensive for private equity companies to raise money for acquisitions.

Morrisons' takeover was thus likely regretted by its purchasers who got caught out by such rises, as commented by the FT here: https://www.ft.com/content/b22a85ae-3d44-499c-a603-250ecb1158ef

The most likely acquirer would have to be somebody sitting on a cash pile with less need to borrow: Marston's marcap is relatively low however, so I'm ultimately neutral about the prospect of a takeover in the very near future.

Https://www.bbc.co.uk/news/business-65524830.amp

(And you provided no hard evidence BTW.)

Schroders have multiple funds. Schroders is not one single investing entity.
And you are also mixing the size of companies invested into and the types of businesses a fund can invest into.
I'm afraid you are mixing things up, and forget about how given financial institution can have several specialised funds.

Name me one, with hard evidence, please.

There are not many organisations bound not to invest only in FTSE100 companies. You are confusing with tracker funds

Fortunately Morgan Stanley is not one of those imaginary institutions of yours: it increased its shareholding to above 6% on the 22nd March.

https://www.lse.co.uk/rns/MARS/holdings-in-company-97v09b26c73973a.html

Typo: "I am personally NOT expecting stellar ones"

All. There is a risk in buying before results. I am personally next expecting stellar ones but it is for the comments about the future prospects, incl. comments about the busyness during Coronation weekend, that my expectations are moderately positive. However, I am not necessarily expecting a massive boost in the short-term, more like a gradual rise up into the mid summer.

Energy costs much closer to pre-2022 figures.
Wholesale food costs going back down https://www.bbc.co.uk/news/business-65448642 .
All published business data by Marston's shows that it's visibly (with ups and downs) recovering, or has already recovered (pre 2020) for drinks sales.
Debt shown to be in control.
Lenders have extended covenants without much fuss.
Conservatively run (pub sales happening).
Coronation weekend a likely boost for sentiment (especially as it owns primarily suburban and community pubs, vs MAB and JDW that have a higher proportion of city centre ones).

My target is VERY high.

CWWX - today's news, and the SP's movement today (SO FAR!) makes my view on this company no longer clearly bearish but neutral.
The news means that it's cutting costs with no (allegedly) impact on production, i.e. reduced losses.
And the SP is forming what's called a bullish engulfing candle and has gone back onto the earlier volume shelf that my chart yesterday showed, i.e. yesterday PM and this morning's breakdown did not last long and the SP has gone back to its earlier support level (ish).

CWWX - that would be buying while counter to several trends:
- the macroeconomic trends (still high food price rises and people finally no longer spending like there's no tomorrow), - - the weak business ($1.25bn bonds due in 2025 IIRC, still loss making and only "hoping" to go breakeven this year only), - weak technical indicators: look how it keeps hitting the resistance and has just gone below the volume profile, i.e. the high 450s beckon based on that chart.
https://www.tradingview.com/x/4xJXihZs/

And they sold about half a day later!...

I traded this share about 2-3 years ago but decided to stay away for good due to the claim back in Spring 2021 that another fundraise was considered at some point in the future. Still, I've been following this share through the corner of my eye ever since then.

I'm genuinely sorry for all holders, that was a largely unpredictable event and completely in contradiction with all the official and unofficial notifications from the company and its senior staff.
Anyone trying to say "I told you so." is a complete fantasist.