Marston's Share Discussion Threads

[disc0dave46] 20/12/2023 17:44

Now it needs to confirm the breakout above 34.

[my retirement fund] 20/12/2023 08:43

You've noticed!

[robertball] 20/12/2023 00:57

Reckon new CEO will shake things up. About time too

[dexdringle] 19/12/2023 20:48

Too many boards reject perfectly reasonable offers so they can stay on the gravy train....

[boffster] 19/12/2023 20:06

Its possible that the snubbing of Platinum's approach has put off would-be predators. You probably wouldn't want to go to the time and expense of all the due diligence etc if you know your bid is going to get turned down

[dexdringle] 19/12/2023 14:07

Given that the net book value here is around £1 a share, is it not a bit odd that this isn't being snapped up for half price (say 50p a share) ?

The buyer would be getting pound coins for 50p each. They would be buying £600m of equity for £300m.

Before anyone starts bleating about the £1 billion of debt I ask you this. If someone offered you a house for £300k which was worth £1.6 million but you had to assume the £1 million mortgage would you do it ?

[disc0dave46] 19/12/2023 11:46

Still a struggle to break 34.

[disc0dave46] 18/12/2023 13:58

That's a market cap of £106m (PE was £1.05 bid), at the time of the offer there was only 64m shares so an offer of £67m mk cap.....it is post Carlsberg set up now but would be an equivalent 58% premium!.

[my retirement fund] 18/12/2023 12:36

I wonder if a £1 bid would succeed this time ?

[skinny] 18/12/2023 11:28

It was nearly 3 years ago - Feb 2021.

[hamhamham1] 18/12/2023 11:27

Lovely rise today, just another 66p to ger back to a quid. GLA.

[the imperialist] 18/12/2023 11:14

Didn't these guys turn down a 100p offer a few months ago?

GYM Group, MARS, and a few others will benefit from the seasonal trade. All bodes well.

[disc0dave46] 18/12/2023 11:12

Breakout, but will 34 hold.

[cerrito] 18/12/2023 10:38

This morning's increase may be a delayed reaction to JPM turning from bear to abit of a bull, citing the value offer of Marstons, 2024 sporting fixtures and in their view people are being over concerned with the debt.

[heatseek77] 18/12/2023 10:14

Disco Dave just knocked on the door...at no.34

[heatseek77] 18/12/2023 09:28

Hmmm tasty

[darrin1471] 15/12/2023 13:36

14/12/23 "JP Morgan upgraded its ratings for both catering giant Compass Group and pub and hotel operator Marston's"

[disc0dave46] 15/12/2023 13:02

Is this finally going to breakout above 34?

[alan@bj] 15/12/2023 11:36

Sorry Jeffian. I've edited post 6913.

[jeffian] 15/12/2023 10:39

Just to be clear, that was to me not from me!

[alan@bj] 15/12/2023 09:24

"It’s doubtful any institutional investors would look at a company with 1.6 billion debt and the financial crisis hitting mortgage holders"

----- Although if there's a possibility of doubling the investment within 12 months, they might.

[careful] 15/12/2023 09:22

'the biggest majority of their customers are struggling'...?

This is a myth. Most people are doing well, wages are at an all time high, millions of highly paid public sector workers save the cost of the commute so they can walk the dog, and we old investors make a shed load pushing money around and also get a fat interest rate on our savings.

Everyone is going on holidays, driving blingy cars so little wonder the better pubs are packed.

All of this excessive publicity given to the struggling bottom 20% in our society distorts the picture.
"Loadsamoney" as Harry Enfield used to say.

[janekane] 14/12/2023 17:40

jeffian
It’s doubtful any institutional investors would look at a company with 1.6 billion debt and the financial crisis hitting mortgage holders
The boozers always bear the resulting lack of funds by the biggest majority of their customers struggling to pay monthly payments and the result is a lower revenue stream for Mars