Marston's Share Discussion Threads

[kirk 6] 25/5/2020 17:23

Are you a bear Barnes hope you didn't short at 33p the other day.

[latetrain20] 25/5/2020 10:06

this guy gets it...dyor


diversification23 May '20 - 09:11 - 3890 of 3893

91% freehold property

Property plant and equipment valued at 2.4b

Net assets after liabilities 957m

Brewery accounts for 15% of £200m underlying profit

With the reduction in debt and retention of freehold property contributing 85% of its underlying profits when the pubs reopen, its newly expanded brewery that has a faster passage to supermarkets and foreign markets through carlsberg makes the combined group and 40% share far more attractive.

It’s difficult to put a value on it, but the brewery in isolation is worth 88p and I would say the freehold property and remaining business is worth at least the same under restricted new operational terms when it returns in the next few months.

[careful] 25/5/2020 08:24

Anyone know the market cap of Carlberg?

One article suggested that they will own 60% of the brewing joint venture and effectively control it.
Eventually they may wish to buy the rest.

[dougalie] 25/5/2020 07:59

correct Latetrain, what some seem to be missing is that this only relates to the brewing arm which this deal values in excess of the entire group, with the asset value primarily being in the real estate.

[easwarareddy] 25/5/2020 01:56

The good thing is benefits are on the up. Britain turning into alcoholics. John looks like he nearly there

[easwarareddy] 25/5/2020 01:54

True and with lockdown the British folk are doing what they are good at... benefits and drinking. All this alcoholism bringing in lots of income.

[john09] 24/5/2020 19:42

There won’t be a dip Tuesday lol. Huge long auction and big open

[ny boy] 24/5/2020 19:40

Onwards & upwards on Tuesday, all dips will be seen as a cheap opportunity to add/buy imo

[dogwalker] 24/5/2020 17:21

Carlsberg.....

[septimus quaid] 24/5/2020 17:06

One thing for sure, Marstons produce a decent product that people actually want on a continuing (even indefinite) basis

..either in a pub or in the comfort of their own homes/gardens

[latetrain20] 23/5/2020 14:40

skinny - you dont want to be a client of citadel advisors if they were advising going short on Marstons before the share price DOUBLED yesterday

Not the best advise




IG Index are saying re Marstons

"89% of client accounts are long on this market"



heres the F A C T S
In merger deal Marstons brewing arm only valued at £580m (88p a share)
Current market cap/value for whole of Marstons is £379m (66p a share)

[ianood] 23/5/2020 14:32

Highly likely, or Marstons property portfolio acquired!

[pooltowerpower] 23/5/2020 14:09

Rumour is 4th july.

[diversification] 23/5/2020 13:51

With the debt secured at favorable rates against freehold property, it’s real estate holds considerable value by comparison to its debt.

At this stage growth can be forgiven for stability, and any evidence of stability such as yesterday’s deal will go a long way to heading back to pre-crises levels.

Had this deal of happened before the covid crises I am confident that the share price would have been well over 150p a share.

[latetrain20] 23/5/2020 13:46

IG Index are saying re Marstons

"89% of client accounts are long on this market"



heres the F A C T S
In merger deal Marstons brewing arm only valued at £580m (88p a share)
Current market cap/value for whole of Marstons is £379m (66p a share)


Barnes - IF Marstons shares go much above the 88p fair value, then I can see the logic in a short. But not whilst its still undervalued by 40%

[careful] 23/5/2020 13:40

This was about 120p jan 1st before the lockdown.

Many feared that shareholders would be wiped out by a corrupt debt for equity scam as the boys in the City are apt to do.

No one thinks that survival is an issue now, so we can get back to normal and assess the long term potential of Mars after the joint venture.

I am holding long term, todays market cap of £418m is very low by any measure.
The public will soon get back to normal as the virus fizzles out as it seems to be doing.

Mars is still down almost 50% since Jan 1st.
It would be odd decision for anyone to sell at todays price.

[barnes4] 23/5/2020 13:27

Me thinks after the early rise on Tuesday to trap the inch high private eyes will be the optimal time to open a phat short

[latetrain20] 23/5/2020 13:19

me thinks your all talk and no cullions



barnes423 May '20 - 12:43 - 3903 of 3905

Will be opening a short on Tuesday



heres the F A C T S
In merger deal Marstons brewing arm only valued at £580m (88p a share)
Current market cap/value for whole of Marstons is £379m (66p a share)



Me thinks this has some way to still go (upwards)

[bad gateway] 23/5/2020 13:05

Agree anyone who's had the flu vaccine last few years would be well advised to stay indoors but those with uncompromised immune systems should be fine.