Marston's Share Discussion Threads

[the deacon] 27/9/2018 11:52

Estate recently valued at £2.2bn

[jeffian] 27/9/2018 11:40

janekane,

Why have you highlighted the debt but not the assets?

[quepassa] 27/9/2018 11:38

Jane.

Thank you for your efforts.

Your subsequent sarcasm is however unappreciated.


I did not ask about their debt. That is only too obvious and only too plain to see with or without specsavers.


I asked about their BANKING COVENANTS.


My question couldn't have been clearer.

It would appear that you are not familiar with the term BANKING COVENANTS.


To use your own sarcastic words " Is there a specsavers by you?"


ALL IMO. DYOR.
QP

[janekane] 27/9/2018 11:29

THATS £1.889 billion uk pounds
Is there a specsavers by you ?

[janekane] 27/9/2018 11:21

Plus interest

[janekane] 27/9/2018 11:18

Net Debt 1,889.40 m
Gross Gearing 68.91 %
Quick Assets 286.30 m
Net Working Capital -113.90 m
Intangibles / Fixed Assets 11.16 %
Turnover PS 156.53 p
Pre-Tax Profit PS 15.82 p
Retained Profit PS 6.41 p
Cash PS 27.55 p
Net Cash PS -41.93 p
Net Tangible Asset Value PS * 99.94 p
Net Asset Value PS 146.94 p
Spread 0.20 (0.20%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.
Marstons Balance Sheet
LSE:MARS:Liabilities+EQLSE:MARS:Assets
For Sector Balance Sheet comparisons Click here

£1,889.4 million pounds

[quepassa] 27/9/2018 09:10

jane.

do you know please what Marston's precise (on balance-sheet) banking covenants are as you clearly have a good understanding and grasp of the details of Marston's significant debt burden?


I had a look at the annual report but couldn't spot the exact banking/debt covenant structure.

thanks.

QP

[ianood] 27/9/2018 08:54

The debt and the structure of paying twice the value of the assets they put up to cover these loans ??

[janekane] 27/9/2018 08:41

the market will not give MARS the recognition that trading in all pub companies is good compared to last year
The debt and the structure of paying twice the value of the assets they put up to cover these loans is keeping our share price low
The city do not like the way this company is run and its cash generating way of getting these loans
Time for change at the top

[the deacon] 27/9/2018 08:06

MAB update seems to have been received well. Not had a good look at it yet, but encouraging nonetheless

[scobak] 26/9/2018 20:53

Tanks for the input. I find I get more insight from understanding other investors reasoning. Good trading ttg!!

[ttg100] 25/9/2018 10:49

>> scobak sorry mate but been a bit busy. Sold out as hit target again and if gets back to around 90 again will buy back depending on the market

[knowing] 20/9/2018 23:39

10% is not too shoddy. Alot of the mid cap shares dropped today such as QLT but FOOT got a bit perky.

[quepassa] 20/9/2018 23:11

are you drunk, dear boy?

QUOTE

QP - post 879 says a lit about your analysis.

UNQUOTE



I didn't write post 879.

plain weird.


qp


ps. what does "lit" mean

[quady] 20/9/2018 22:22

Unless anyone has better info looks like short term profit takin'

[quady] 20/9/2018 21:40

QP - post 879 says a lit about your analysis.

[spacecake] 20/9/2018 19:26

So you held them for a few hours.

[cc2014] 20/9/2018 16:47

Annoying fall. Although GNK on the same slide.

Assume issue is retail figures mean interest rate rise more likely.

There was no support there today. I bought loads intraday as I thought it would bounce given strength of FTSE. Closed the lot in the auction for a loss. Don't want them overnight as I'm not in front of the screen tomorrow and it's witching.

[quepassa] 20/9/2018 16:46

indeed.

but perhaps not surprising.....

[janekane] 20/9/2018 16:39

Another dismal day down again

[waspfactory] 20/9/2018 12:56

Trading update on 10th October, let's see how leaky things are at MARS, I'm expecting another leg up from here in the next couple of weeks.

[knowing] 20/9/2018 12:29

Probably saw value in QLT and BOO

[scobak] 19/9/2018 09:24

ttg - what was your thinking behind your decision to get out? Is there further room to move with the share price or is it 'this far and no further'.

[ttg100] 18/9/2018 11:55

out of MARS again