Marston's Share Discussion Threads

[equalibrium] 22/4/2015 08:49

Brewdog has today announced a new share issue to everyone in Europe

to view the share offer and find out more there is a link on the ADVFN thread below.

[lord gnome] 09/4/2015 13:49

Still a bit more left in the tank here Skinny. Hopefully we can break past that two-year high at 165 (ish).

[skinny] 09/4/2015 13:36

162.60p 1 year + high.

I don't think selling a third @164.28p in 2013 and buying them back @145p constitutes trading in the true sense - I originally bought @93.47p in 2011 and still hold the same number of shares.

[irnbru2] 07/4/2015 19:33

Why are you guys trading, is it not an investment.

[leeson31] 07/4/2015 15:53

you can always sell at 165 Skinny, then if it breaks out, inevitably it'd back-test the 165p breakout level, then go in with a lesser stake, albeit back in. :-)

[salchow] 07/4/2015 15:50

The level of shorts puts me off a bit but based on the chart this is not the time to sell. The false break down to around 137p last October convinced me it was a buy at that point.

[skinny] 07/4/2015 12:33

Looking at my account, I sold a third of my holding @164.28 in 2013 - near the high - and bought them back @145p.

I'm not sure whether to sell some again if they touch 165p - decisions, decisions.

[apad] 07/4/2015 11:55

Definitely some Mail effect this morning, cf other brewers.
Mum's out with £1.1k gain in her knitted purse (it keeps the money warm) and a big grin on her face.
apad

[frankf1105] 06/4/2015 22:26

Mail has a fair following so hopefully a good uplift tomorrow

[redartbmud] 05/4/2015 15:52

Not wishing to offend:

If faith can move mountains.....

red

[apad] 05/4/2015 13:52

Goodness me, does a Mail recommendation move share prices?
Thanks Skinny,
apad

[redartbmud] 02/4/2015 08:58

Apad

Thanks, 80% vs 60% is significant.

red

[apad] 02/4/2015 08:53

The GNK rights was in 2009, specifically to buy assets from indebted rivals, red.
GNK up about 80% and MARS 60% since then, but they were similar during the year-long GNK decline that finished end of Dec 2014.
apad

[apad] 02/4/2015 08:39

Very good j, bit like my watchlist outperforming my portfolio:-)
Your solution, although emminently logical, wont work for me - no rear view mirror.
apad

[redartbmud] 01/4/2015 20:08

APAD

I like the cut of your jib
I also often retain shares in companies where I have disposed of most of my holding. Unfortunately these days you do not get the printed information because the holding is in nominees. that doesn't help when trying to follow the story.
Had it not been for a long family association with Wolverhampton & Dudley Breweries, I might have sold and bought GNK years ago. For a long time I have thought them a more attractive bet. I did not want to incerease my holding in the sector at a time when the government was putting the industry under fiscal pressure and asset values were under stress.
it would be interesting to compare relative performance since the rights issue.

red

[redartbmud] 01/4/2015 18:17

APAD

Re; Humble - Sorry, not thinking.
Yes, case to bail out, but sticking doggedly in. I will not be defeated. Their biggest mistake was letting GNK get in first with the rights issue. They ended up discounting more and raising less. They have never got over it or caught up. Best exec bailed to M&B.

Fevr - I misjudged that one badly.

red

[apad] 01/4/2015 16:57

I thought the 'H' in IMHO stood for 'Humble', Red :-)

Sounds like you have a case for bailing out. Before you do that: what is the positive argument?

Numis reiterates Buy at 180 - perhaps that is a negative, though.

34% profit on FEVR so far - brands not buildings?

apad

[redartbmud] 01/4/2015 16:30

APAD

Not at all humble. Whilst I hold Mars I am not enamoured with management.
No words can describe my utter contempt for the chair. that is only the start.
The business model is constrained by the securitised debt of c £1.4bn last time I looked. The FFFFFFF plan is a one trick pony, totally reliant on consumer tastes not changing.
Build a new pub for c £2m then revalue it by 25% or so when it opens. Where is the money for refurbs, because they take a hell of a beating from kids running wild? Minimal attention to existing estate. Friends comment to me about shabby pubs.
Dividend cover now below the long term target of 2x.

I'm depressed now.

red

[apad] 01/4/2015 15:16

If I remember this debt has a large short term element cf GNK which is long term buildings backed debt.
Also it's turnover that is not in the London hotspot.
Mum's not sure about this at all and thinks she might take profits.
apad

[redartbmud] 01/4/2015 14:35

Space

They are in denial about the debt.

red