Marston's Share Discussion Threads

[lord gnome] 02/7/2009 19:32

pherrom - contact you broker and tell tham that you want to go to the AGM and vote your holding. Your broker will issue you with a document appointing you as their proxy in respect of the shares that you hold. You can go to the meeting and vote with this. I have done it myself several times with several stocks - no worries. Your broker shouldn't charge you for the privilige.

[countryboy] 02/7/2009 10:29

Pherrom
As far as I know - you can't

[halogen] 01/7/2009 14:35

Broker upgrade from oriel has it as a buy.

[pherrom] 29/6/2009 10:57

Does anyone know how one can vote if one's shareholding is held by a broker in a nominee account?

[stevefoster] 29/6/2009 02:48

From the same page 24:

"Record date for entitlements under the Rights Issue for Qualifying CREST Shareholders and Qualifying Non-CREST Shareholders: close of business on 1 July"

Unlike dividends, where the ex-date always occurs before the record date, the reverse often seems to be the case with rights issues.

I think this means that purchasers of the shares on 2-6 July are entitled to the rights, but won't get them automatically (because they're not on the register as of CoB 1 July). Conversely, sellers 2-6 July will probably be allocated nil-paid rights they aren't entitled to (because they are on the register at CoB 1 July).

[timbo003] 28/6/2009 08:07

gbb483

I suggest you to the Marstons web site and download the prospectus (see link below), then go to page 24 of the prospectus and you will see it in black and white

Existing Shares marked "ex-rights" by the London Stock Exchange: 8.00 a.m. on 7 July



QED

[gbb483] 28/6/2009 07:51

Read the news article above titled "Proposed Rights Issue", and you'll see that it is you that is confused. Particulary as the 'ex-dividend' date was 3rd June and its due to be paid on Tuesday.

You can take a horse to water ....

[timbo003] 28/6/2009 07:47

mesquida, you are indeed correct.

The EGM is on July 6th (to approve, [or not approve] the rights issue) so the shares cannot possible go ex-rights before then.

It sounds like the EGM might be a lively affair and the rights issue may not be a foregone conclusion (see article below)

[mesquida] 27/6/2009 10:37

You are confusing this with the timetable for a dividend payment - the dealings on an ex-rights basis definitely do not begin until July 7th.

[gbb483] 27/6/2009 08:58

Record date for the rights is July 1st, so they will go ex-rights 2 trading days before that, which will be Monday 29th. The rescaled share price will be 87-88p.

[timbo003] 27/6/2009 07:13

I'm watching and waiting on MARS, I will not buy until after they go ex-rights (July 7th), I'm impressed by the recent director buying and the directors commitment to take up their rights.

Meanwhile, I found this in the Morning Advertiser which is an interesting read

[whiterussians] 23/6/2009 15:09

Also grabbed a handful of marstons MARS. yum yum bubble gum. in my tum.

[milacs] 23/6/2009 13:31

Will the share price fall to the level of the right offering 59p.

M

[halogen] 23/6/2009 08:10

In for a few more yesterday 1.18.

[halogen] 20/6/2009 15:48

just took a long position in marstons 1.22.

[countryboy] 19/6/2009 09:26

Maybe ex div, but the question was ex rights.

[broshm] 19/6/2009 08:53

my info says exdiv 3June at4.8p ???

[countryboy] 18/6/2009 11:33

Marstons website has pdf with full details. Says Record Date is July 1.

[gbb483] 18/6/2009 09:04

So when do they go Ex-Rights, Does anyone know?

[milacs] 18/6/2009 08:57

mwh

What a difference a few days make.

You should be able to pick up your full quota at round about £1 per share.

M

[mhw28865] 06/6/2009 12:43

Morning all, I work for Marstons and have done for a few years now. At the end of last year things were v tight the share price dropped to 80p and the company was suffering. Since then a few changes were made, dead wood was offloaded at head office level and they had a good look at themselves and what they were about. They went down the food route and added a few offers on food and liquor over the hard times and it has paid off. Sales have been well above expectation over the last 2 months and with a decent summer will be flying again. The company share save sheme begins again v soon and at these prices i will be going for the full quota!! Would have been nice to have come around when they were 80p no such luck but £1.70 with a 20% discount is good enough. I can see these back up to £4 and above in a couple of years.imho

[gbb483] 02/6/2009 17:32

Ex Div tomorrow. This and the previous final dividend are currently yielding a return of 7.8%. That has to be good for at least a doubling in the share price.

[sixpencenonethericher] 01/6/2009 00:56

Hot weather must be helping sales a treat