Marston's Share Discussion Threads

[septimus quaid] 15/12/2018 11:27

There's no way that just shorting something can be a walk in the park. Shorting isn't "free", I heard recently that it costs 30% per annum to maintain a short. All the time the shorter is running a considerable risk (e.g., a short squeeze in the event of a takeover approach, simply better company news or even a share suspension).

In the meantime, the lender of the stock collects a nice fat fee.

[janekane] 15/12/2018 09:21

Short update
12.6 million shares shorted at this time

[muffinhead] 14/12/2018 16:12

There will be piles epidemic in the next 10 years

[llef] 14/12/2018 11:39

uber eats will start delivering starbucks coffees in usa next year too..

Starbucks lowered its long-term earnings forecast at an investor meeting Thursday.
The company is partnering with Uber Eats to bring delivery to about a quarter of its U.S.-based, company-owned stores by the end of the second quarter.

[spacecake] 14/12/2018 10:52

Our high street has gone from being riddled with estate agents to coffee bars and pizza takeaways. Small food shops replaced with Tesco and Sainsbury mini markets, no butchers, fresh fish, or veg shops, hardware etc anymore. One of two bars closed, now again someone has a punt then it goes bust again.

I guess it's just evolution of the high street - what next coffee deliveries, it already happens in abu dhabi

[mr_spock] 14/12/2018 09:42

I think the difference between the retail/restaurant market and pubs and bars is that the number of pubs/bars has been falling for some time now, thus restricting capacity. General opinion is that there are too many restaurants, hence they are suffering. And the move online is hurting those retailers that don't have a good online presence.
MARS will suffer like anyone if there is a downturn but think they will do better than pure retailers and restaurants.

[spacecake] 14/12/2018 09:36

Because you can't buy a pint, cosy atmosphere and entertainment online?

They will be a boost to sales in December as the christmas parties get going, but January and February are not so good, back to the cosy armchair at home with Marstons bottles at a fraction of a pint in a bar.

Anyway, I had a recent bad experience at a pitcher and piano, ordered a half, got a pint then after correcting that they still charged me for a pint and give the change from a fiver when I had give them a tenner which they immediately corrected, this was in the afternoon when the place was only half full.

[jeffian] 14/12/2018 08:43

"Looking at the wider retail environment shops are struggling, shopping centre owners are struggling, why should pubs and bars be any different."

Because you can't buy a pint, cosy atmosphere and entertainment online?

[janekane] 14/12/2018 07:03

We have lots of land assets that at this time are sitting doing nothing
We could maximise these assets with planning applications for much needed homes
These actions could be a first step in reducing our debt
It's a fact the City are not happy with our debt
The share price reflects there concerns these current trading sub £1 could go even lower
They realise the dramatic effect a downturn will have on our ability to trade out of debt
RF needs to change direction or a preditor will take him out if we go lower than 80p
Asset strippers could make a fortune as us the minions get F-c-ed without the decency of a kiss before hand

[ianian4] 13/12/2018 17:44

There are potential problems with debt equity swaps, but are we looking at a downturn in revenue? That is guesswork, casual dining and drinking are cheap expenditures compared to vehicle company purchases and home makeovers. If the country is hit whatever, Brexit offers, this will not be the first to feel the draft.

[pherrom] 13/12/2018 17:36

The proposed final dividend of 4.8 pence per share provides a total dividend for the year of 7.5 pence per share. Dividend cover is 1.9 times and our dividend policy remains to target progressive increases in the dividend at a cover of around 2 times in the medium term.
(From the prelims.)

[exel] 13/12/2018 16:40

So, up very slightly on the day, bearing in mind this is now ex div by 4.8p. Next staging post being AGM update in jan19. I have 21/1/19 but will have to check that.

[quepassa] 13/12/2018 15:25

re 1138,

that's why my money is on a major equity raising in the ntdf. most likely a rights issue.

there's a lot more pain to come in my view in this sector.

ALL IMO. DYOR.
QP

[chinese investor] 13/12/2018 13:30

Ex-Div Payment

13 Dec 2018 28 Jan 2019 Final
23 May 2019 02 Jul 2019 Interim
12 Dec 2019 27 Jan 2020 Final
21 May 2020 03 Jul 2020 Interim
10 Dec 2020 25 Jan 2021 Final

[janekane] 13/12/2018 13:19

That should prove expensive in the long term
I'm still betting on the divi dropping 60% or to nil
The debt will kill us on any significant downturn in revenue

[essentialinvestor] 13/12/2018 12:56

Jane, that's the price you are paying for the high dividend?.
That's the way I would look at it.

[janekane] 13/12/2018 12:45

It would be prudent at the next meeting if RF was quizzed on who he works for

The share holders small or large who basicly own the company or the money lenders who make fortunes from the massive interest rates we are paying them

This company needs a change of direction and a massive one at that

If that means RF going so be it his debt equity swap is draining us dry

I'm betting the divi gets cut or stopped next results

[grahamburn] 13/12/2018 12:11

Definitively it IS ex-dividend today (record date tomorrow).... so drop is (probably) related to that, though market is general weak.

[careful] 13/12/2018 12:05

looked at the Marston financial calendar and it does not say.
the markdown at open today looked like ex divi.

[deanowls] 13/12/2018 11:59

No. It’s exdiv today. All stocks go ex div on Thursday. You had to be holding cob on Wednesday.

[janekane] 13/12/2018 11:49

So expect another. Drop of 4.8p tomorrow

[careful] 13/12/2018 08:14

is it ex divi today?