Marston's Share Discussion Threads

[quepassa] 18/3/2020 08:15

Going to pennies methinks.

ALL IMO. DYOR.
QP

[chinese investor] 18/3/2020 07:51

Gross Debt is slightly over £2 billion !
Net Debt is £1.4 billion !

[chinese investor] 18/3/2020 07:44

MARS sold 137 pubs for £45 million in November 2019.
They have sold others for £15 million.
They are going to be saving £90 million a year by not paying dividends.

[fenners66] 18/3/2020 07:35

"In 2019, we commenced a debt reduction programme, with a target to reduce debt by GBP200 million by 2023"

However in order not to draw attention to the dire reality , we are not going to tell you just how high the debt is right now!

£200m over 4 years , compared to what debt ?
Add to that the additional debt....

[pherrom] 18/3/2020 07:19

Encouraging update - bounce expected. (Hopefully not dead cat).

[chinese investor] 18/3/2020 07:16

Reassuring RNS !

[quepassa] 18/3/2020 07:12

absolutely knife-edge if Marston's can survive.


ALL IMO. DYOR.
QP

[diku] 17/3/2020 20:30

The sun will rise again...

[ak62] 17/3/2020 19:03

Everything is closing temporarily or reducing opening hours Cinema shop stores
Takeaways restaurant as everyone knows

Everything is going to have an impact
Next few days when the dust settles
We should be in better position to see what will happen

[wet your knot] 17/3/2020 17:33

Sorry if this in on here already. Our local Marston's pub is closing this Sunday for the foreseeable. Member of staff told me.

[buoycat] 17/3/2020 14:57

It's possible that there's a surge in bottled beer sales which could help Marston's weather the storm.

[mister md] 17/3/2020 14:45

- Samuel Adams brewer rallies as analyst cites defensive nature of beer stocks -

[dinvester] 17/3/2020 14:24

Sounds questionable trading!

[ak62] 17/3/2020 14:11

7.3m buy v 4.3m sell

bit of bounce back? - dinvester

[careful] 17/3/2020 13:44

Marston is a well run business that has done nothing wrong.
In a few weeks destroyed by an act of God.

Holing my now small stake, I will go down with the ship.

[dinvester] 17/3/2020 13:43

Ak62. 15p by end if today? Yep it's looking that way. :(

[buoycat] 17/3/2020 13:36

Just picked up a few bottles of hobgoblin in Sainsbury's to do my bit for the cash flow

[poolies3] 17/3/2020 13:31

Government says avoid pubs and restaurants
But make your way to your nearest Aldi and squeeze in with 600 others
What a load of tosh

[hydrogen economy] 17/3/2020 12:18

Looks like Marstons is priced for high risk of failure, M&B almost as bad. FST holding up a little better, not surprisingly.

Given Marstons high debt and the choke that COVID will put on their cash-flow, with or without forced pub closures, the drop is not surprising. The best hope would be some fiscal relief from Govt. to protect businesses which are being forced to take a hit to control spread of the virus. Sunak is due to make an announcement today on that, may be a chance for a quick buy if it is positive for MARS, if you are brave!

[fenners66] 17/3/2020 12:14

Laura Ashley has called in the administrators, though I think that is a special case as the major shareholder may walk away with the business and let go of the other shareholders.

What is the chance that the creditors will take this lot ?
Even if they get a payment holiday the debt will keep rising - so you end up with a zombie company and sooner or later the creditors take it.

[chesty1] 17/3/2020 12:04

How much cash does MARS have to survive ?

[ak62] 17/3/2020 11:45

Dinvester
The rates it’s dropping you probably will
See 15p later this afternoon

[dinvester] 17/3/2020 11:34

Ralph Findlay has demonstrated what happens when you ignore all common business sense.
My prediction for 20p Wednesday is looking close.
I would think that 15p or less is on the cards for Friday.

[gswredland] 17/3/2020 09:08

Seriously wonder if this can survive
Far too much debt and very little revenue coming in.
Share price chart looks horrendous and tells the story here

[redartbmud] 17/3/2020 09:04

Better still, suspend executive remuneration,
Bigger saving???