RE: The last official rating I had on Marsons was from Peel Hunt 95p9 Oct 2020 13:00
Agree chaps a long way to go but a definite long term buy here now and not surprised that the CMA have agreed. As I said yesterday Peel Hunt pre JV -95p, my guestimate 73p to start, and as my old Japanese client who did very well from me once said - "good news quite often comes after a long sleep."
Some of here must be totally confused as yesterday they were saying shares were being sold and yet today they have said yesterday they were being bought?
The Life insurers who are the main shareholders here must be pleased and I am sure they will now be drawing this share across to their growth funds so we should in time now get a longer term steady stream of funds coming in day to day.
I suspect once the other side of the pond wake up and the shorters on short tracker come in (although to be fair they only hold a minimal value anyway) and what with the suggestion the govt. is to add stimuli to the hospitality sector we may still meet my first target of being 73p, and longer term we should now make the most of other businesses failing to take more of the sector sales. Although I do understand from the Marstons web site that online and home sales have been the growth storey anyway. Good luck to those who like me have waited. We should rise up quite fast from here.
I will enjoy a nice pint of Pedigree later.