Marston's Share Discussion Threads

[john09] 14/5/2020 16:08

Risk on again

[diku] 14/5/2020 14:36

Have they stared opening the pubs?...price just shot up...

[john09] 14/5/2020 14:31

He cant even spell “today” lol

[kirk 6] 14/5/2020 14:27

Looking good now

[wigwammer] 14/5/2020 14:14

Thanks for your deep dive analysis. The price has gone down in recent months - you're amazing :)

[quepassa] 14/5/2020 14:10

February 100p.

To-day 30p.


The price tells the truth.

Much more sector pain to come.



ALL IMO. DYOR.
QP

[wigwammer] 14/5/2020 13:54

1 hour after QP posts, the shares rally aggressively. Do come again :)

[wigwammer] 14/5/2020 13:09

"DYOR"... lol... I guess we'll have to :)

[quepassa] 14/5/2020 12:48

Dire.

20p soon.

ALL IMO. DYOR.
QP

[wigwammer] 14/5/2020 10:39

Fine. Then have a stab at how much you believe debt will have risen.

[jeffian] 14/5/2020 10:34

Agreeing an additional bank facility of £70m is not the same as the debt increasing by £70m.

[wigwammer] 14/5/2020 10:26

John09. You have a good point. The market value of the company has fallen £500m while the debt has risen by £70m. Am sure there are considerations around this, but clearly quite a lot has already been priced in.

[diku] 14/5/2020 09:58

Can somebody confirm aren't these businesses in hospitality/pubs entitled to small business grants of £10,000 - £25,000 or upto £50,000 from their respective Councils...any views on what is happening to this money?..

[jeffian] 14/5/2020 09:51

john09,

If this is good news, I'd hate to see what you consider bad news!

[diku] 14/5/2020 09:50

They will find a loop hole in a different shape or form to get the money back...

[fenners66] 14/5/2020 08:39

"All Board members have volunteered significant cuts in pay and fees for the time being and recognise that Marston's many stakeholders, including employees, tenants and lessees, retailers, customers and communities are facing major challenges."


Volunteered - have this actually been done ?
How much ?
For the time being - how long?

Many stakeholders - does conspicuously NOT include shareholders - why ?

Code for you are last - behind debt holders ?
I.E. - we can save the business - but sorry shareholders you are not on our radar ?

[fenners66] 14/5/2020 08:36

"We have made good progress to date towards our debt reduction targets"

and have

"agreed £70 million of additional liquidity through an increased bank facility, subject to final documentation. "

So its not yet signed, but since when has good progress on debt reduction included borrowing an extra £70m ? !!


It sounds someone borrowing from a loan shark to pay off a credit card and celebrating ..........

[kirk 6] 14/5/2020 08:26

Are you joking ?if marstons gets through this which today's news pretty much confirms it will, pubs and restaurants opening up from July 4th, next year once the social distancing is over everyone will be out. Huge recovery potential here

[john09] 14/5/2020 08:23

Bouncing now

[buywell3] 14/5/2020 08:12

Why

More debt that most likely won't last till Covid has gone

And no dividend

Plus more lockdowns in prospect

20p likely IMO

[john09] 14/5/2020 08:09

Odd reaction

[john09] 14/5/2020 07:55

No the good news is it ain’t going bust!

Expecting a good day here

[redartbmud] 14/5/2020 07:54

Skinny

The real ggod news is buried in the detail:

"All Board members have volunteered significant cuts in pay and fees for the time being"

Too frightened to tell us how much - could be 1% of basic pay, or even worthless share options surrendered that would lapse anyway.

Their PR machine leaves a lot to be desired. If it was "significant" they would declare it.

Time to mount a campaign, Ralf Must Go.

[creddy] 14/5/2020 07:50

Nothing new in that RNS.