Marston's Share Discussion Threads

[daler1966] 04/1/2019 08:34

Something going down??

[ianood] 04/1/2019 08:33

Maybe, but they are current.

[quepassa] 04/1/2019 08:31

last property revals were DOWNWARDS.

[ianood] 04/1/2019 08:28

lindowcross - Mindful of the regular property valuations I concur

[quepassa] 04/1/2019 08:25

rolling in the aisles with laughter.....

....you'll end up believing your own misguided propaganda in the end....

[lindowcross] 04/1/2019 08:18

Facts as opposed to wild guesses. The company's net asset value in November 2018 was £1.51 per share. Marston's owns substantial property in the form of breweries & pubs. It's estate is of much better quality than 10 years ago. It owns a number of valuable quality brands. If I allow myself a "wild guess" as other posters do, I'd say a bidder would need to offer at least £1.70 to gain control- I'd feel short-changed at anything less.

[janekane] 04/1/2019 08:04

Move production from one to another sell the land for housing double the money originally paid for
Use this to start paying down debt

[jeffian] 03/1/2019 17:14

I don't mind more pubs but I wouldn't say no to less breweries!

[spacecake] 03/1/2019 16:54

Asset sales and more asset sales rather than more pubs.

[quepassa] 03/1/2019 13:42

hint...

look at the Enterprise Value of Marston's (debt + mkt cap) and compare that the the latest statutory profit of some £50m.


No-one is going to stump up some £2billion for a company that made just circa £50million in statutory profit. That would be a highly unattractive prospect and appalling Return on Capital in my view to any potential acquirer, especially in such a struggling industry.


Saddled with so much debt in a back-peddling industry, in my opinion this company will sooner or later likely need to raise significant new equity.

ALL IMO. DYOR.
QP

[janekane] 03/1/2019 13:08

Book value ,sp ,assets ,gearing ,debt ,goodwill,
market sentiment at this time is very low making it vulnerable
RF recognised the debt needs sorting with his recent statement
So I suggest you do your own research

[lindowcross] 03/1/2019 11:25

Janekane, please let us know your evidence and/or reasons for stating price needs to be .80p for Mars to be a take over target?

[daler1966] 03/1/2019 10:38

Looks like good news coming?

[skinny] 03/1/2019 10:17

AGM January 23rd, Half Year results 15th May - .

[daler1966] 03/1/2019 10:01

Yes next dividend May/June time .

[chinese investor] 03/1/2019 09:47

100p Soon !

[janekane] 03/1/2019 09:45

Not if the share price reverses the trend
it needs to be 80p before its financially viable to a preditor

[daler1966] 03/1/2019 08:57

Take over target?

[janekane] 31/12/2018 20:54

Ianood
Happy new year I hope it's as prosperess as 2018 has been for me
XX

[ianood] 31/12/2018 18:46

Such a pity! :)

[janekane] 31/12/2018 13:36

Lindocross
I run my pyramid strictly by my rules I sell the top of the pyramid "3 companies " every year Mars was 4th so I will hold as of today it is now in the top position
Dividends have off set my losses over the last 3 years so basicly have made nowt
However I now revue my position with Mars every month so MARS could be dropped at any time from now
It managed to avoide the boot by the smallest of margin

[porsche1945] 31/12/2018 13:09

Been invested in this company a couple of years, turns out another uk poorly run debt ridden outfit with a declining business model it, i bought at multi year lows so with dividend paying me to wait fugured would earn maybe 20 pc plus upside. Haha. I wonder really whether anything in brexit basket case uk is investable....really poorly run companies that just dont move until you get an american fund involved, bhp amd whitbread both hopeless until Elliot got involved. Trashed sterling driving up inflation while making everyone poorer...just cannot see an out for these companies reliant on getting impoverished by the day uk populus.

[lindowcross] 31/12/2018 11:59

Janekane if I held shares in a company which I thought was going to be crippled, I'd sell in the blink of an eye and invest in something with better prospects. Surely it's illogical not to sell if you think a business is in a downward spiral & led by someone who isn't up to the job?

[whackford] 31/12/2018 11:39

Space - I thought he was a physicist. But maybe not a relativity theory expert.