Marston's Share Discussion Threads

[chinese investor] 24/7/2019 09:44

January 2019

"In light of the actions described above the Board are committed to maintain the dividend at the current level during this period of debt reduction focus."

[fenners66] 24/7/2019 09:41

Debt in general may be cheaper - but stretched corporate debt does not have to follow the trend - it will be the perceived risk that determines future rates.

One also has to question the likelihood of a dividend cut.
If the board has finally woken up to the size of their debt and are cutting capex plans - when do they decide that a dividend cut makes sense too ?

[luderitz] 24/7/2019 09:32

"Still got to pay the interest though!!" This is true redart but with low interest rates and talk of a further rate cut debt will be even cheaper, so let's wait and see.

[redartbmud] 24/7/2019 09:12

fenners

Debt has been unchanged around £1.4bn for the last 5 years or so.
They have been in denial about reducing it, as some is financed up to the 2030's and is securitised against the properties.
Still got to pay the interest though!!

[bigboots] 24/7/2019 09:06

Awful figures just doesn’t justify the price rise
A mess of a company

[chinese investor] 24/7/2019 08:44

The next 2 hours will be important.
Will the trend be up or down ?

[fenners66] 24/7/2019 08:35

Well , my last comment on here 7th Jun was about a positive article someone posted... that did not mention the Debt.

Today the focus appears to be all about the debt..

[redartbmud] 24/7/2019 08:25

Ralph Findlay happily sits in the corner of a pub, sipping a pint, and the business slowly meanders on.
Hey ho.....

[davr0s] 24/7/2019 08:22

Back to where it traded a whole week ago - no drama

[redartbmud] 24/7/2019 07:58

Been telling them for the last 5 years.
It has taken a chairman to know what he is doing before the message finally got through.
Hallelujah.

[spacecake] 24/7/2019 07:14

Interesting progress on debt reduction this morning, good idea given the political chaos and economic uncertainty. Please do continue to pay the debt off even quicker if possible, no good building loads of new pubs if the dole ques start rising again next year.

[sentimentrules] 22/7/2019 20:10

Been in this 105 but its decision time now (on my analysis anyway)

Unusually I've got my long-term target zone in the same place as support.125.6 & 119.8

Given the 20% gains by most in around 7-10 weeks , maybe a stop needed now. 118p

Never like when it pops above the daily 200's and stalls at a placement most don't see.

But hard not to be bullish too so protection time . Stop in.

[1oughton] 22/7/2019 19:08

CI is a liar everyone. Posts trades here hours after a move

[chinese investor] 22/7/2019 08:03

Good Start !

[spacecake] 19/7/2019 21:46

So all the successful investors would avoid buying these under 100p - thats real clever stuff.

[firtashia] 19/7/2019 16:47

You can see from this chart how much the buying volumes have picked up since the interims in May, the company's commitment to deleverage acting as the catalyst. 2 months on and the strength of the volumes continues unabated. No doubt that the last couple of day's volumes have been influenced by events at EI.

free stock charts from uk.advfn.com

[chinese investor] 19/7/2019 15:00

An M&A culture in the sector !

[chinese investor] 19/7/2019 08:52

So what other "beer companies" are quoted on LSE ?

[davr0s] 18/7/2019 18:55

If you read all the most successful investors over the last 30years they only average up as averaging down compounds your losers

[spacecake] 18/7/2019 18:50

"We average down relentlessly. Two things seem pretty clear to me: first, no one can consistently buy at the low or sell at the high (except liars, as Bernard Baruch said), and second, lowest average cost wins. We constantly strive to lower the average cost of our positions by buying more if and when the price drops." Bill Miller

Quote from an interview with Anthony Bolton...



I've been comfortable with averaging down various holdings for the last twenty five years, Marstons have been around since 1890 so I'm sure they will be around longer than myself.

[davr0s] 18/7/2019 18:04

It's maths of compounding

[davr0s] 18/7/2019 18:03

You will go bust averaging down as they don't all come back and the ones that don't will kill your performance