Marston's Share Discussion Threads

[sbb1x] 29/4/2020 09:48

Bought a few

[redartbmud] 29/4/2020 09:06

Time the shareholders had a whip round to pay for executive salares, bonuses ans share options.

[fenners66] 29/4/2020 09:00

And those who can afford this?
Surely they will have read about the 9 people in a restaurant in China , infected with CV via the restaurant's aircon recirculating the virus from 1 customer ?

[careful] 29/4/2020 08:16

Prices will need to rise.
At the risk of sounding snobby, the World will become more Waitrose and less Aldi.

A meal at a nice pub for 2, people well spaced out, should cost a minimum of £30 plus drinks.
..bring it on,

[jeffian] 28/4/2020 23:10

Exactly. What's more, if they're only partially full, they're unviable. What's the point of reopening with all of the costs for 30-50% of the revenue?

[grahamburn] 28/4/2020 20:35

But pubs are, well, pubs. They are designed for camaraderie and social mingling. Without that, they are nothing.

[careful] 28/4/2020 16:28

Trend is to manage social distancing in other countries.
The way things are moving it is unlikely that pubs will be fully closed for much longer.
They will be opened with conditions.

Difficult to see how the measures introduced in other countries can be ignored here.

[skinny] 28/4/2020 07:54

RBC Capital Markets Sector Performer 31.00 31.00 130.00 40.00 Reiterates

[creddy] 27/4/2020 23:15

Had some Stella and finest 2019 crop shiraz. Had a think. Gearing (debt) above 65% ; no bad thing long as borrowing to invest and not spend on corporate jets. Estate is over 90% freehold. I assume staff have been furloughed and Rishi will extend that policy till pubs allowed to reopen (probably around Xmas). Long as management can service debt till business as normal (covenants currently waived till mid June), potentially triple your hard earned. Always do your own thinking, read the economist, bloomberg and drink lots of hobgoblin (that'll be the one with the ugly old evil witch) .

[wigwammer] 27/4/2020 07:31

There there.. The market has handed you the wooden spoon. Learn and move on. Atb

[fenners66] 26/4/2020 23:55

Wrong I have never suggested anyone buys / sells / holds or does whatever with the stock.

On the 22nd you were suggesting that Marstons did not have to provide depreciation on assets as they were not in use.
You needed to have the accounting concept explaining to you.
Depreciation is governed by accounting rules not use.

You also said that MARS is vital to the economy and would never be allowed to fail , prioritised before spending on public services , unless pubs are shut down for 3 years.....


Thereafter you bought and I congratulated you on a paper profit asking you if you had sold and thus crystallised it.


After that when the share price was 44 there was a discussion about debt. Debt kills shareholders or companies or both.

If the Marstons underlying business is good enough - and the lock down long enough it may do for the shareholders as the debt holders take it.

The debt was then and is now still a large risk. It has not gone away and since its likely pubs will be one of the last commercial businesses to reopen the debt will be a bigger problem before they do.

Nothing in that respect has changed.

However the share price has since fallen.

One interpretation of that could be - everyone has taken profits
or
the market sentiment has changed and the speculation of longer shutdown and risks on debt have come to the fore.

Take your pick.


You actually said "I was fortunate enough to buy mars near the lows, and have taken out half of what I purchased in the mid 40’s. I understand there are risks"

That could be interpreted as you bought some at the lows and some in the mid 40's

You are clarified that you sold half of your position in the mid 40's hence you are presumably left with a much smaller profit on the other half.

[wigwammer] 26/4/2020 20:28

Fenner. You suggested at 25p that people should not buy the stock. It promptly doubled. I took profit with the stock in the mid 40s. This is the third time I have stated this - you evidently still have difficulty listening. No you have not added anything to my understanding of the investment case. Hope that helps.

[creddy] 26/4/2020 18:50

Drip feed funds in and average down if price drops further. Can't be much downside from here and will rocket on any positive sentiment. Always do your own thinking and watch wolf of Wall St first.

[dinvester] 24/4/2020 22:05

Probably worth a punt at 15p in a few days.

[archy147] 24/4/2020 19:25

Having bought in and out, in and out of this, I told myself I’d buy back again if it went sub 30p. It was teetering on the edge throughout today.

What do people think, is 30p a bargain or will it test previous lows again? I know at the moment there’s nothing but negative sentiment towards pubs but the instant that changes, the price here will rocket.

[fenners66] 24/4/2020 13:20

fenners66
26 Mar '20 - 11:39 - 3514 of 3530 Edit

"Wigwammer - I'm not knocking your profit... have you sold or still twisting ?"

wigwammer
26 Mar '20 - 13:02 - 3520 of 3530

"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"



The price then was 44
Price now 30


Did you sell ?
Well done if you did

Still convinced I had nothing to add to the debate ?

[ianood] 22/4/2020 18:34

And, another one for the masturbatorium!!

[fenners66] 22/4/2020 14:33

ROBIZM
Are you one of those who just is never going to understand ?

We have the majority of the country shut down.
We have social distancing
We are wearing masks and using hand gel, washing hands so much more often and using contactless technology wherever possible.

And despite all that 4,301 new cases were identified in the UK yesterday!

In one day.

No one shut the country down for Aids , because it is essentially difficult to catch.

828 UK citizens died of CV Yesterday- 1 day about 3 times as many as die of HIV in a year !

I put it to you that if HIV was 1,119 x more lethal as long as the whole country was shut down and hardly anyone ever met anyone ...... would things have been different for the last 40 years?

Now tell me how many would die a day if we just carried on as before ? 10x ? 100x ? 1000x ?

Now you may not care for yourself , friends , family, colleagues etc. but who is in the front line ?

NHS and for some reason if you were ill they would try and save you and others like you.

And if deluged with cases - first they probably would not cope and have to leave some to just die, second they would run out of everything and then catch it themselves, and we already know , they are dying in droves.

This is not AIDS or the Flu.
Its worse

[fenners66] 22/4/2020 14:19

aisle have to stand corrected on that one jeffian

[mr_spock] 22/4/2020 13:42

Boom! Boom!

[jeffian] 22/4/2020 11:00

#1680,

Aye, those will be the Isles of S(c)illy.

[poolies3] 22/4/2020 10:57

Hobgoblin Gold is worth fighting over