Marston's Share Discussion Threads

[skinny] 16/3/2020 09:40

CC2014 13 Mar '20 - 16:09 - 3398 of 3405
0 0 0
I can't quite believe 50p is on the horizon

CC Oh for 50p now!

[redartbmud] 16/3/2020 09:28

The problem here is not only the debt, but the amount of debt securitized on the assets. If the value of those assets falls substantially they have a very real problem.

The management has been in denial over debt for far too long, despite warnings from PI's at the last 5 or 6 AGM's. - Management knew best!!!

[diku] 16/3/2020 09:23

Insiders own the company so they call the shots...wider shareholders are just a side kick...a bit like the extras in a film...

[mister md] 16/3/2020 08:49

shareprice seems irrelevant on some shares now (like MARS). It seems to have turned into a BUST vs NOT BUST binary type situation

[dinvester] 16/3/2020 08:42

0.20p Wednesday.
Towel thrown in Friday!

Borrow borrow spend spend, pay stupid high Director wages, defend s*x assault manager, treat staff like sh*t, treat investors with total disregard.
All coming back to haunt.

[robizm] 15/3/2020 18:26

All pubs in Ireland to shut for two weeks. When will that happen in uk and what price Marstons.

[yf23_1] 14/3/2020 21:02

-60%, what a dog !

I don't suppose the overpaid bozos at the top care much, owning less than 0.4% of the company.

---------------------------------------Amount Holding %

Mr. Ralph Graham Findlay 1,290,475 0.195
Mr. Andrew Andonis Andrea 332,773 0.050
Mr. Neil Geoffrey Goulden 268,000 0.041
Mr. Peter Dalzell - 171,531 0.026
Mr. Robin Rowland - 152,219 0.023

Findlay has been CEO since 2001.

[mister md] 13/3/2020 19:18

I like their beer brands. Perhaps not the wisest reason to buy their shares, in hindsight.

[cc2014] 13/3/2020 16:09

I can't quite believe 50p is on the horizon

[gisjob2] 12/3/2020 09:22

Another company up to it's neck in debt with no provision for a downturn. Italy have closed all but pharmacy and food retailers due to corona virus, if any restriction on social gatherings happens here MARS is F#€ked. Even self imposed isolation will hit earnings and make debt reduction impossible. Who would want to buy this now when they could pick it up for a song when it goes down the Kermit!

[fenners66] 11/3/2020 22:50

janekane
11 Mar '20 - 18:04 - 3392 of 3394
"creditors will call in the receiver"

A few years ago that idea would have been a catastrophe.
However events over the past year - Debenhams etc.... mean that it can happen without the attached problems for the staff.

Holding equity becomes the yoke when the debt holders become the ones calling the shots.

May be the debt holders preferred route would be to take advantage and take the business for a song.

[essentialinvestor] 11/3/2020 21:10

There was a 12 month timeframe around 2015/16, with the share price over £1.50,
where a placing to reduce debt was possible imv. That could have been
accompanied by a dividend cut, there would also have been some equity dilution.

Instead MARS did the opposite, ploughed cash in to expansionary CAPEX, kept the payout and continually reiterated how great business metrics were on their new builds.

If you are an optimist, the chance of a bid at some point?.

[eastbourne1982] 11/3/2020 20:56

You could well be right however if this goes bust a lot of the pub and restaurant sector will go with it.

[janekane] 11/3/2020 18:04

This is well and truly heading for the knackers yard the debt is finally catching it out
This has now got to be a fantastic opportunity for the Shorters to make a fortune
If the corona virus takes hold and the government orders all bars to close the creditors will call in the receiver
Sad but all down to the stupidest decision to borrow so much money

[skinny] 11/3/2020 10:49

Blimey - post 3384 seems a long time ago!

[buywell3] 11/3/2020 00:16

How much of MARS revenue comes from its own bar/food sales ?

[redartbmud] 09/3/2020 11:14

Skinny

At the AGM in 2018, the FD commented that the 2009 rights issue was not a rescue deal, ir was to raise funds to buy more pubs.
Yea right!
They also screwed up. Beaten to the draw by Greene King, so thay had to wait their tutn. They could have got it away around 80p/share had they got their fingers out at the time. it would have made a significant difference to the business.

[cheshire man] 09/3/2020 10:57

Pubs, church halls and schools could be closed and football matches called off as the UK Government prepares to ramp up efforts to stop the coronavirus spreading.

COULD be closed,,,,or MAY be closed,,,,,can't see pubs being closed myself!!

[skinny] 09/3/2020 10:22

Lock in? :-)

[123trev] 09/3/2020 10:19

It might shortly be announced that pubs and other gathering places are to temporarily close to help contain the virus.

[skinny] 09/3/2020 09:36

18 June, 2009

The Board of Directors of Marston's today announces a fully underwritten 11 for 10 Rights Issue to raise gross proceeds of approximately £176 million, through the issue of 298,865,230 New Shares at 59.0 pence per New Share, a 39.6% discount to the theoretical ex-rights price based on the closing price on the London Stock Exchange of 140.25 pence per Ordinary Share on 17 June 2009 (being the last business day before this announcement). The Rights Issue is subject to, inter alia, approval by Shareholders at an Extraordinary General Meeting to be held on 6 July 2009.