Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The departing chairman (william rucker) has departed 6 months ago,the new chairman (justin platt)was installed on 10 january 2024 so he will have only been at the helm and making decisions for 5 months before any updates in may,
When i worked at mansfield brewery a mate of mine used to back horses,and i remember a saying he had,"it doesnt matter how much money you throw on a lame horse,it wont make it run any better"
Wolfwatch,iv got to agree its struggling to survive,we used to have nice weather to rely on to boost the sp,but look back at last year with a good summer (highs of 38-40 degrees) this share achieved 30/33,with a billion in debt and everyones bills increasing pluss £5-8 per pint,its not looking good,im looking for 45p just to break even,
I wouldnt put much credence to the company ceo having "faith in the company and buying shares",not long ago a top ceo "RF" had that much faith in the company he turned down three offers of over £1 a share,stating "we are worth more than that",we are lucky if we get above 30p,
As usual,Marstons release some good news and a good set of trading figures,then the share price goes down,can someone explain it to a layman like myself why this always happens to Marstons,For example,Mitchells and butlers released similar results and their share price rose dramatically and kept going up all day to nearly yearly record peaks,,,confusing !
I only mentioned this take over as its in the same brewing,pub,club restaurant sector as marstons and at the time of the deal greene king had a 1.5 billion £ debt,but as you say,the share holders did get to vote,if i remember it was just before or during the first covid lockdown,
Adeg1,,got to agree with you on this one,it seems no matter how good the results are,and how many chances of, extra public holidays,record highs in weather,energy bills hedged,change in directors,this share price is still close to record lows during the covid era when not one pub,club etc were open and trading,
A good read in the "morning advertiser" ,it goes on to say CMBC secures 'momentous' 10-year agreement with Stonegate,but the article states it will only start seeing the extra cmbc brands across stonegates estate in approx spring 2024, any benefit from the new sales will probably only show late next year,
It looks like this side of the partnership is doing ok,,,https://www.expressandstar.com/news/business,,but how will it help the marstons share price
Lljeb The reason i stated self destuct regarding stonegate price rise is because in the same newspaper an article titled "Last orders... More than two pubs a day are lost in England and Wales amid soaring costs and tighter consumer budgets",i think its madness to raise prices at this time,
A couple of my mates work in the main marstons/carlsberg wines and spirits warehouse distribution center ,they say the majority of the orders sent out are supplying the stonegate pubs etc,if stonegate fail in this venture marstons/carlsberg are affected down the line,