Member Info for Trent700

@ Barchid.

I see what you're getting at, but I really wouldn't worry too much about this.

As I understand it, there are no plans that I'm aware of to cut the divvi. The only time I could see that happening is if there is a sudden massive dip in profits. If that does happen, then it would be prudent to reduce payment short term until things improve. But again, I don't see that happening as yet. This may of course change dependent on how this Coronavirus, and of course the recent floods and bad weather effects the next trading update. I'm taking the view that there will be some level of negative impact, but I'm hopeful that this will not be too bad.

Onwards & upwards, and all that.

Barchid.

Again, it depends on what terms were agreed with the banks for doing this.

Are we getting a better interest rate on the outstanding balance for clearing a chunk of it away earlier? This to me would be a major factor in entering into such an agreement. Less debt and a better rate of interest on that balance would be of benefit to Marston's, that's for sure.

Relating to a cut in divvi to that end, to me is a non starter. If that was the intent, then they would have been obligated to have state as much in an RNS. I don't remember reading such a detail. Maybe it is something they'll consider in the future, but there is no record of such plans submitted currently. We'll have to see if that is something that transpires at a later stage. Maybe this could happen and the share price tanks to 50p a share on the back of it, and I could win £100M on the lottery the day before and I could, and would buy a $h*t load of Marston's shares with it. Who knows.

Let's not worry about maybe's.

Barchid.

Anything is possible I suppose. My guess would be that it depends on a number of factors. If there is a slowdown or a reduction of profits, why would we pay out more on our debt out of reduced profit? if that is the case, to me it would make more sense to hold on to that for other use within the business rather than keeping the banks happy. Also, what the terms of the debt are. Is interest set at a fixed rate regardless of anything else? Are there any penalties or benefits to paying a large chunk of money off the debt, such as a reduction on the interest rate? Would interest be recalculated to reflect the outstanding balance, to take into account what has been paid.

Without having access to this information, it's hard to say what if any potential benefits or drawbacks are there.

That said, I can't say I see any benefit in putting ourselves out on a limb to get rid of debt, unless there are substantial benefits to us for doing so.

You might be right, Appleby. We've had an sp of 89p on much less c**p than this havn't we.

Of course, all of current problems are issues outside of Marston's control so is not related to the company being poorly controlled or weak management. I for one am not spooked enough to go anywhere near the sell button. Not by a long way.

Happy to ride the storm & hold.

Hopefully no more issues with my house that I need the last of my savings for.

All of that said, I just wish I could get my mitts on some extra funds, now is a perfect time for a cheeky top up.

Therese more to come I think.

There was an item on the news this morning about how the spread of Coronovirus has markets spooked, this to me now explains this drop in sp.

Another thing that is going to affect the sp will be the floods we've had of late possibly effecting takings in our pubs that are in locality of effected areas. This will, in my view not come to light until the next trading update, so this is an issue for another time.

R@ Longterminvester.

You got a bargain there mate.

Yeah, Possibly so.

There's no reason I can see for this nosedive.

Very strange. I might well have to look under my mattress to fund one of my cheeky top ups.

@Muscorum

Actually, no. It was just an observation that I had made that I thought might amuse.

Clearly not. Please excuse my attempt at humour.

Seems I wasn't the only one to notice that either:

https://www.express.co.uk/news/uk/1236255/Coronavirus-latest-four...

@ Calisto

I can't say I noticed the first batch that came over.

I did notice the 4 coaches had "Horseman" splattered across the sides of them though.

Quite possibly a book or a film in there somewhere. Any thoughts on.a title?

Or gone out to buy more to drown my sorrows, therefore helping Marston's profits a little, which helps maintain dividends.

So there's always a sunny side :-)

2 have survived mate.

You can just see it coming, can't you.

They're going to want to replace our contribution some how, and this would be the simplest logical start. Being told to swivel in 27 other languages would be interesting to say the least.

Doubtlessly the next step would be to attempt a more "assertive" approach , which would no doubt be made equally as welcome.

Tic, toc, tic, toc.

Popcorn, anyone?

And of course, Man City have had a result against Leicester, and I've got a few Hobgoblin Gold chilling in my fridge for my usual Sunday afternoon tipple, so all is well.

It's not a problem.

At least we all know now that there is not too much to be concerned about, and that's all that matters.

Well, I'd disagree with you there slightly Barchid.

It's always worth finding out if he has got something that is detrimental to the company or not which could effect us as shareholders or not. As it turns out, I don't think he has, and that's always good to know.

As far as the time goes to look into all of this, I'm possibly better placed than most on here to be fair. Myself & wife are carers to a disabled child so I don't work, as I support my wife with our boy's care, so once he has gone to school, we have a fair bit of free time until they come back home again, so looking into this gave me something useful to do, and it didn't really take too long, but the end result was having information worth having.

Re: PAS.

I'm not actually sure he's got anything out of us to be fair. Given what he had to say to me, I got the impression that he was fishing for something. Still. No real harm done. I don't think he got anything new or useable out of us.

I had just hoped he'd have put something on here in response to our findings. I was expecting some kind of defence from him, but there's been absolutely nothing.

This suggests to me that he has nothing for the company or us shareholders to be overly concerned about.

@ Barchid

Yes, it's the same where live in Stockport. The nearest one is roughly 3 & a bit miles away. Oddly, the only one we generally go to is in Stourbridge in the West Midlands called The Glassworks when we visit friends that live in the area. It's a lovely pub too. Great beer & food. It's got the best children's play area for our children I've ever seen in a pub. Cracking little boozer it is. It does seem to do very well at the weekend too. It's always packed when we've been in, which is always nice to see.