Member Info for Peltata

As this type of company goes MARS has at least had an income stream from off site sales unlike JDW for example. So it does make it easier than some for MARS to weather the covid storm.

Given the cash burn they’re going through prudence is the way to go. Any company reinstating a dividend through a pandemic would raise alarm bells to me.

Given the need for eye-catching emotive media reports I think a vaccine is the only way out, to reassure the large number of people that have been terrified by covid. No doubt even if we get a vaccine in record time they’ll be many headlines of people having the vaccine and suffering serious side effects etc as the news cycle rolls on.

And no spike in infection rates! (Not Leicester I take it!)
Biggest problem is getting everyone commuting back to work - can understand not wanting to do that again but it’s inevitable at some point.

Over the last several weeks we’ve had many protests with no social distancing and many large gatherings on beaches, but no spike in the infection rate - pointing to us being on a continuing downward trend - the media have to fill their papers with something sensational however. This is good for pubs/restaurants- the mask wearing that comes in on the 24th is both necessary and can wait 10 days apparently, I think this suggests the govt doesn’t want to look as if it overreacted initially, as it really doesn’t make much sense.

He does still own over £300,000,000 of equity!

The VAT cut is on non-alcoholic drinks, a govt couldn’t really be seen promoting a message of drinking our way out of this! Hardly a surprise.

The diet starts in September:-)

Certainly jitters before the opening on July 4th plus Leicester going into a local lockdown adds to that. Not much will change this until we see the numbers after a few weeks.

I saw the Tempus review late last night and thought it backed up my reasons for remaining top heavy in Marstons and light on JDW and MAB, bet he’s all to familiar with shares dropping the day after he tips them :-) after the 100% rise I thought about rebalancing but MARS has a great balance with supermarket sales whereas JDW is pub based only and a high volume low margin model - they need lots of customers. MAB is similar. Good weekend all and DYOR.

The daily update was past it’s sell by, worked well at the start/middle but at this start? As and when necessary seems best. And no more questions from Peston!

Given it was only a few weeks ago when headlines were suggesting pubs may not reopen till 2021 then the suggestion that a staged start is only weeks away obviously has a positive effect. The unknowns in this pandemic are the SP killers, the less the better.

80+% rise, the sun is out, all we need is for the pubs to open :-)

Is a godsend! Need a pick up or in H2 when it expires.

Believing anything coming from the Chinese govt is difficult. Their lockdown was hard but that suggests a 2nd wave of infections would be easier to take hold.

Of course, this will be reported as infections coming in from countries that did not handle the pandemic as well as China, placing China as a victim in this. Atleast that’s the propaganda the Chinese people will be receiving.

The current climate makes paying a divi problematic- does NEX want to stand out? Becoming a whipping boy for the media? governmental pressure may also be applied as now is not the time for people to be seen making money I feel.

Anyone know why?

So the advice in these uncertain times is buy Marstons beer to support the SP??

I’ll drink to that :-)

“But if it goes past 800p even I’ll be surprised if it stays there!”

Heading for 900 now! Has the mothballing costs of these businesses been worked out very favourably? Too much pessimism initially, pre-Sunak?

Tim Martin came in for a lot of criticism when saying keep the pubs open, whatever your opinion of that it would have kept his staff employed. Now he was forced to close he’s criticised for saying Tesco is hiring for the pandemic and I’ll give you priority after that if you want to come back. Some people love to see the negative in everything.