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We all know sentiment plays a part at times, any additional bonus news and we may all end up surprised. Got to be in it to win it.
Exactly this, Why would they mention it days before announcing it. They’re going to catch you out Supercharger which is a shame as you were pro completion before the CMA stood down. Seems a little odd to be betting against the market on both sides of the spectrum if you ask me but as I’ve said before and will say again, each to their own. You shouldn’t be letting others influence your investment decisions.
Hello buy zone. I’ve got 10k and would like to get more near Gomez’s amount before any significant rise comes into play
The trouble with waiting till after the news is that you’ll be paying a premium, not getting a discount. We’re about to pretty much receive our entire MC in cash. It’ll be nearer or above 80p than 30p. A good run may well see a £ +
My Nov 2nd is looking more likely by the day. Get this poor week as a whole out of the way and then start strong again going into the next
Fully believe this will have have a very positive effect for Marstons long term and excited to see where it goes. If it allows them to focus more resources back into the pub side too it would actually result in a double positive. Silver linings and all that
One thing I’m sure we can all agree on, is that if Carlsberg did JV’s, they’d probably be the best JV’s in the world
It isn’t fully priced in yet Sparster - look at the charts when it was first announced. The back track came following CAMRA RNS which has since been resolved. JV is due to be completed around month end give or take - we’re talking days.
There’s every chance he missed a 0 out. Surviving is everything during a crisis and is not something to underestimate.
Very true and well put FD. For now at least, it should see us past Covid which stands Marstons in a better position that many others - Take covid off the table and there’s every chance it would have been a 50/50 split. If Carlsberg are indeed cash rich on the other hand then they’ve been doing something right along the way and RF may learn a trick or two in the process.
And that’s where the 273m balancing payment then came in. Doesn’t really matter what happens, there will always be one or two that find a reason to complain haha
(Joint Venture) Clue is in the title. They haven’t flogged anything off. By the same logic every time a junior miner JVs with a major they give there license away to the major, fortunately this is not the way it works and you know that.
It’s not upsetting, it’s your opinion. If people want to drink, they’ll also have to eat. As for a rise in local lockdowns, that’s a positive if it also results in reduced infections. Clearly the way it was being done wasn’t working and it’s about time a more proactive approach was taken - A means to an end ? 8 days until the JV completes by my reckoning with some debt reduction on the pub side off the back of it too - what’s not to like ? Best of luck in sitting it out
Technically every post has an agenda, including yours - So WHO is bang on the money there. As for any relevance, I’m failing to see it. Good morning
As for fair value. I’d think north of Philipp Joeinig’s buy dated 24/09/19 would be a good starting point.
Not too sure Tom. When the overall picture improves it will certainly fuel the move forward here. Quite happy with the slow burn atm as had many opportunities to add more and wouldn’t mind doubling up on current holdings before any significant move forward too. Once this starts moving I don’t see a great deal that’ll slow it down until it’s much nearer fair value.
At the same time however, he did dig deep enough. “ The freehold estate won’t be worth the £2.2bn at which it was valued in 2018, but borrowings should still be comfortably backed by assets.” With this in mind, + the JV with cash consideration, our present MC is undervalued.
Such an emotional board, cannot make sense of the bickering. Any more predictions on the JV RNS date ?
I understand, entry and exit is always important especially on a value basis. Am very much looking forward to seeing how it all pans out come month end and once JV is put in progress as it’s most certainly a positive especially during the current environment. Have been long on Mars since the pandemic started, and will still be here for some time after its all passed so lots to look forward to in the grand scheme of things. One point nobody has reflected on is how this may improve future dividends also when they are eventually reinstated. For me personally, the positives currently far outweigh the negatives.
Can’t see that happening this close in the run up to the deal being signed tbh, if it does no doubt it’ll be brief. As to the effect of leaving the EU having an impact on the deal, I suspect that’s the kind of due diligence that would have been performed during the initial talks months ago.