Marston's Share Discussion Threads

[spacecake] 29/2/2020 12:46

Entrenched BOD, High debt, Global virus induced market panic, Happy go lucky fund managers.
Missed anything ?

[dinvester] 27/2/2020 23:03

I am sure that RF is happy that there is still plenty portfolio to sell off, until he retires.

[jeffian] 27/2/2020 16:33

No, they don't, and largest shareholder Hargreaves Lansdown are clearly just there as Nominees for many "small guys". But the others should be encouraged to stir the pot. In another case like this, I found both M&G and Standard Life willing to engage with rational argument and M& G is a large shareholder here too. May be worth pushing them to be a bit more 'activist'.

[meijiman] 27/2/2020 16:09

oops..my mind has been elsewhere so forgot. Small guys make no difference here.

[jeffian] 27/2/2020 15:19

Ahem! #3374.

How quickly memory fades!

[meijiman] 27/2/2020 14:50

Truly pathetic. Time for major changes at this comedy show. Who are the major shareholders?

[spacecake] 27/2/2020 14:39

The Marstons strategy -

Our corporate strategy centres on creating more happiness, delivering more experience and enabling more opportunities for our people, our customers and our stakeholders, every day.

So there you go, the board is making us happy by enabling us with opportunities at 93p a pop!

[luderitz] 27/2/2020 12:21

On the balance of probability your probably right DO 😀

[deanowls] 27/2/2020 11:01

I think we could see sub 80. Rtn results and what diago have payed out on the situation in China. Make it grim reading.

[chinese investor] 27/2/2020 10:31

I'm accumulating at these levels.
Dividend appears to be safe !

[deanowls] 26/2/2020 15:02

Any outbreak in the uk and pubs will be the first to close.

[luderitz] 26/2/2020 14:17

Good luck but rather you then me.

[jeffian] 25/2/2020 10:54

I note from the AR that, were they to hit all bonus targets, RF's remuneration would be a staggering £2.4m. However, as they haven't, he's had to make do with around £800k/year. He shares our pain.

[meijiman] 25/2/2020 10:47

Yes its morphed into a cozy lifestyle company..get well rewarded for not doing much. what's not to like.?

[jeffian] 25/2/2020 10:25

I think the trouble here is that the whole set-up is so cosy and comfortable. Same CEO for nearly 20 years, everyone quite well paid, no need to rock the boat etc. They need a damned good shake-up but what's the catalyst for that? The Board themselves don't hold many shares - RF the biggest holder with 1.3m shares (about 1 year's remuneration!) - but why are the institutional shareholders happy to let this drift along going nowhere? One of these guys needs to start making waves -

Holder Shares % Held
Hargreaves Lansdown Stockbrokers Ltd.
AS OF 01 DEC 2019
22.49m 3.55%
The Vanguard Group, Inc.
AS OF 01 DEC 2019
20.51m 3.24%
M&G Investment Management Ltd.
AS OF 01 DEC 2019
16.85m 2.66%
Slater Investments Ltd.
AS OF 01 DEC 2019
13.85m 2.19%
Rathbone Investment Management Ltd.
AS OF 01 DEC 2019
13.19m 2.08%
Legal & General Investment Management Ltd.
AS OF 01 DEC 2019
12.18m 1.92%
BlackRock Fund Advisors
AS OF 01 DEC 2019
11.28m 1.78%
Norges Bank Investment Management
AS OF 01 DEC 2019
10.12m 1.60%
LSV Asset Management
AS OF 01 DEC 2019
10.04m 1.58%
Invesco Asset Management Ltd.
AS OF 01 DEC 2019
9.68m 1.53%
Data from 31 Dec 2018 - 03 Feb 2020

[chinese investor] 25/2/2020 08:52

Finger On The BUY Button !

[luderitz] 24/2/2020 22:09

Well the Company have been in the doldrums for quite a while now so interesting if, how or when will they dig their way out.

[spacecake] 24/2/2020 20:39

Knocking on sub 100p door, where has all the love gone for poor old MARS.

[luderitz] 15/2/2020 20:37

Ah yes the boy Findlay how could I forget.

[jeffian] 15/2/2020 19:09

I can't think where you got that idea, dinvester. I think I've always taken the position that Marstons Board and Management are a bit comfortable and sleepy and need shaking up. Looking back through my posts to check what I said, perhaps you are thinking of the exchange you and I had about RF's 'multiple Directorships' (which turned out to be mainly MARS operating subsidiaries)?

[skinny] 14/2/2020 10:10

Ralph Findlay.

[jeffian] 14/2/2020 10:08

Why wouldn't I agree?

[luderitz] 14/2/2020 09:46

RF? who he.