Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Alot of young families are busy buying up houses as soon as they come on the market and are now prepared to take expensive mortgages to get on the housing ladder at any cost.. together with high fuel bills. Noticed also many city centre pubs busy weekdays and weekends (during the day..) particularly with the grey haired population, So there's money out there, just depends where people want to continue to spend it.
Agree ref world cups and euros, rugby cups etc, seen several tournaments while invested here, may bring in slight rise for a few weeks but nothing major that is badly needed here.
Boris has gone…our CEO and them doughnuts on the BODs need to go next.
No need to read reports JH, the sp charts of hospitality companies of the past 12 months will tell you the markets think things look dire. A Good management team and initiative will help most get out of trouble. Sadly we’re really lacking in those areas.. with a large debt. With the sp where it is, and unfortunately lower to come, the markets punish us more for it.
Ref Supermarket beer sales...
From Hargreaves Landsdown website today:
GROCERY VOLUMES EASE AS SHOPPERS LOOK TO MANAGE SPENDING
(Sharecast News) - Grocery volumes eased in June, industry data showed on Tuesday, as soaring inflation and the rising cost of living weighed heavily.
According to the latest data from NielsenIQ, total till grocery sales at UK supermarkets rose 1.5% in the four weeks to 18 June, helped in part by the warm weather and Platinum Jubilee celebrations.
Volumes sales, however, fell 5.5% in the same period, as shoppers looked to manage their basket spend. The data also suggested that shoppers were seeking out cheaper alternatives, with sales of frozen poultry up 12%, dry pasta ahead 31% and canned meat up 9%.
In contrast, sales of beers, wine and spirits fell 9.7%, while general merchandise eased 6.1% as discretionary spending was reduced.
Mike Watkins, NielsenIQ's UK head of retailer and business insight, said: "Shoppers are starting to make different choices in how to compensate for the rising cost of living. For some households the way to save money is to buy cheaper products.
"For one in four households, this goes further and includes monitoring the overall cost of their shopping basket. For the 15% of households who now consider themselves to be 'strugglers', almost a quarter of this cohort will stop buying certain products altogether."
Among individual grocers, Tesco - the UK's largest supermarket - saw sales rise 0.4% year-on-year in the 12 weeks to 18 June. Discounters Aldi and Lidl reported larger hikes of 5.3% and 12.1% respectively, while at Iceland sales rose 1.3%.
Marks & Spencer, boosted by the Jubilee celebrations, reported a 3.6% jump.
Other supermarkets reported falls, however. Sales fell 2.4% at Asda, 2.3% at J Sainsbury and 6.3% at Wm Morrison. Ocado Group reported a 6.4% decline, with overall online sales down 12% in the last four weeks.
Tom makes a good point though. If this share (junk) is so undervalued, why hasn’t it bounced back ? This thing can’t even get above low 70s..
The market clearly has no faith in the dame, those bunch of doughnuts on the BOD, or ITVx.. heaven help us.
Yes Fd I saw the presentation. The hq move seemed strange to me when I heard. but was in local press (express & star) last year. The current hq is quite modern and I recall alot was spent on it. Marstons are moving to an old building just down the road from the brewery site. Apparently there will be staff training facilities there as well, brings them under one roof. Whether they are getting some help from the council to help renovate the site, don,t know.. surprised it was not mentioned in the presentation.
Interesting meeting..
So, No divy from CMBC for 2022.
In W,ton, they are being kicked out of the expensively renovated HQ on the now CMBC brewery site and are paying to renovate an old building just up the road.. who is paying for that ?
Don.t think an Investors day will help here unless they announce the BOD is resigning.
Bad debt (and still spending on a new HQ) breweries sold cheaply, strange deal with Brains, refused to consider a good offer to sell at over a quid, then the CEO leaves…Sp falling off a cliff, no intention to pay a divy any time soon.. Brokers today are clearly telling the company how the market feels about it.. no confidence. Who is going trust this lot to steer the company to better times with their money?. Unfortunately I did….