Marston's Share Discussion Threads

[skinny] 09/4/2020 13:36

Your last sentence sums it up in a nutshell!

[redartbmud] 09/4/2020 11:38

jeff

That was a good outcome.
Personally I am not convinced that the estate has a value anywhere near book.
The newer food led pubs need some refub now, and that doesn't come cheap, as some of them have been around for a while.
The breweries are profitable, but they have stiff competition fir some of the products.

That having been said, management that could actually operate a business properly might help a lot.

[jeffian] 09/4/2020 11:27

Funnily enough, red, the debt might be an attraction to certain bidders. I've come fresh from the takeover of EIG (money banked 18/3 - Phew!) and thought the same thing there, but in a world where there is oodles of cash available and nil or even negative interest rates, refinancing the debt gives an immediate cash boost to the business. What's MARS' blended interest rate? 7%? Besides shares, I also held a slug of EIG 6.375% corporate bonds not due to mature until 2031 and although the takeover documents said nothing about the bonds, they were redeemed without a by-your-leave immediately upon completion.

[redartbmud] 09/4/2020 10:03

jeff

Indeed, and with regard to a potential takeover:
How much of the £1.4bn of debt on the balance sheet would they be interested in?
It hasn't budged more than 50p in at least 5 years.
might need a good discount to take it off shareholders hands.

[jeffian] 09/4/2020 09:47

Pubs closed, no rents coming in, no on-sales beer being sold.......

I don't think there'll be much cash washing around for debt reduction!

[chinese investor] 09/4/2020 09:24

I'm quite happy they aren't paying the dividend....they should be reducing the massive debt with the cash.

[john09] 09/4/2020 08:38

Delicious lol

[john09] 07/4/2020 08:28

Yep enjoying myself here

[skinny] 07/4/2020 08:25

So does virtually everything!

[john09] 07/4/2020 08:22

Looks good chart wise

[septimus quaid] 31/3/2020 17:32

on the basis I've got nack-all better to do, I've been quaffing Goblin Gold and Goblin Ruby like a baleen whale supping krill!

[mister md] 31/3/2020 16:24

Delicious.

Yes, and the shareprice not doing too badly either.

[john09] 31/3/2020 12:30

Honestly they cannot bottle enough beer and get it in stores. 10 times previous sales at least. Get it out there MARS!!!!!

[john09] 31/3/2020 12:30

Shares look strong. Top of my watchlist leaderboard today (which contains 40 stocks)

[chinese investor] 31/3/2020 12:26

Bottles of Marston's Beer flying off the shelves at my local Supermarket !

[john09] 31/3/2020 12:23

Looks ready for a run to 60p this

[lindowcross] 27/3/2020 09:16

City Pub (cpc) announce open offer and placing at 50p to raise funds to get through this period and if appropriate buy more pubs at attractive prices, shares now trading at 60p. I previously bought a relatively small amount at .45p but I think we all need to be cautious in the current market

[john09] 26/3/2020 16:56

Finished marginally blue. Good

[smithie6] 26/3/2020 13:44

as of 15 minutes ago

pub/brewery sector doing well today


(although, for recent days, +6% or +13% feels almost like no price rise at all !! je je)

Mitchells & Butler + 13%
Wetherspoon + 6%
City Pub Group +14%
Whitbread +5%

----

update
some of these lost much of those gains during the afternoon

MARS didnt fell 10% over the day, but it was the biggest riser in previous days so to give some back is not too surprising

[wigwammer] 26/3/2020 13:02

Fenner - you may not be knocking my profit, but what about the prescience of your own musings? 60%+ offside in 3 days... The market isn't giving you a high score.. atb

[skinny] 26/3/2020 12:34

A useful - just change the country in the address bar.

[smithie6] 26/3/2020 12:20

virus update
Spain
4 days in a row & the number of deaths is bouncing around the 4 day average

that curve seems to have flattened off
& hence the mood & atmosphere will probably change & Spain will probably start thinking about the future

the UK is further back in the process than Spain. (10 days ?)