Mitchells & Butlers Share Discussion Threads

[bookbroker] 15/2/2021 07:59

Secured its future nonetheless.

[grabster] 15/2/2021 07:45

Congratulations to those who got out before the weekend.
36% is a heck of a discount.

[catsick] 15/2/2021 07:37

Ok so heavily discounted rights issue with the concert party happy to underwrite

[rubysky1234] 11/2/2021 13:57

Yes I think so

[the bishop one] 05/2/2021 13:39

is it time to cash in

[phillis] 05/2/2021 13:26

yes placing imminent I guess judging by price rise

[bookbroker] 05/2/2021 10:16

At this price a fund raising is already banked!

[catsick] 05/2/2021 09:51

I feel a bit of a moron now chopping a chunk off my position when they flagged a capital raise recently.....

[mhw28865] 30/1/2021 16:55

Saw that last night

Could we be next??

[chinese investor] 30/1/2021 13:44

mhw,
Approach from America for Marstons !

[mhw28865] 29/1/2021 11:30

Doubt it as over 3.00 now. Any reason why the small jump earlier?

[hibberts] 25/1/2021 12:51

Strange share action.

Is the placing at 280p?

[phillis] 20/1/2021 11:00

price strengthening so refinancing news shortly to follow

[catsick] 20/1/2021 09:36

Yup they also don't need much cash and a quick placing of 5-10pct of the company will be more than adequate

[mhw28865] 20/1/2021 08:53

Wetherspoons raised 93 million this morning at only a 5% discount and price rises well above placing price. I can see that happening here MAB will be back making lots of cash in a couple of months and the share price will be back over £4 imho

[mhw28865] 19/1/2021 08:58

going by the share price i would say funding is pretty much guaranteed and news due any day.

[phillis] 08/1/2021 10:45

well i am out here until the dust settles
I know the FD here and he is extremely competent
The major shareholders are supportive
It is just a matter of terms

[grabster] 08/1/2021 09:23

A roundup of the various media headlines regarding yesterday's MAB update:
(See for each full report)


BBC News
Harvester owner says it needs more cash to survive lockdown
Pub group Mitchells & Butlers says current restrictions are costing it up to £40m a month.
23 hours ago

The Guardian
O'Neill's and Harvester owner considers emergency cash call
UK pub and restaurant group Mitchells & Butlers says it faces 'extremely uncertain' future.
18 hours ago

Sky News
COVID-19: All Bar One owner to raise cash as lockdowns cripple hospitality
M&B shares tumble as the firm reveals the extent of the sales slump it is facing through renewed coronavirus restrictions.
23 hours ago

Telegraph.co.uk
Mitchells & Butlers seeks emergency cash raise to survive third lockdown
Mitchells & Butlers is seeking an emergency cash raise to survive the third national lockdown after sales plummeted by more than two-thirds...
1 day ago

Financial Times
Mitchells & Butlers looks at raising equity
Mitchells & Butlers, the UK's largest listed pub group, is considering raising equity after the country's third lockdown delivered another blow to...
1 day ago

The Times
Mitchells & Butlers to tap investors for support
The owner of All Bar One and Harvester may become the first business to tap shareholders for new funds after being hit hard by a third national...
9 hours ago

The Irish Times
Irish-backed Mitchells & Butlers to consider equity raise over Covid
Irish-backed UK pub giant Mitchells & Butlers said on Thursday it was considering an equity raise after England was plunged into a third...
22 hours ago

Proactive Investors UK
Mitchells & Butlers reports sharp slowdown in sales as lockdown hits festive trading
For the 14 weeks to January 2, the publican said total sales were down just over 67% as progressively tighter restrictions imposed in the UK...
21 hours ago

Proactive Investors UK
Lockdown pubs in focus as Mitchells & Butlers updates on Thursday
Mitchells & Butlers PLC (LON:MAB) is on the slate for Thursday though amidst the move back into national lockdown timing leaves a lot to be...
1 day ago

BigHospitality.co.uk
Mitchells & Butlers explores equity capital raise to ease cash ...
Mitchells & Butlers explores equity capital raise to ease cash burn as third lockdown bites. By James McAllister. 07-Jan-2021 - Last updated on ...
17 hours ago

[essentialinvestor] 07/1/2021 12:46

IF they seek to raise arond £500 and that is an IF,

you are looking at some savage equity dilution.

[jeffian] 07/1/2021 11:58

They won't be the only pubco looking to repair the balance sheet via an issue of equity but to my mind there's a serious problem about investing more capital to try to solve a revenue problem, particularly as there's currently no end in sight. It would be like trying to fill a bath without a plug.

[dagsteeth] 07/1/2021 09:44

I have a thought that given Lewis and Magnier own 55% and only Standard Life is on the register, they are very happy to have a RI at any price underwritten by Lewis and Magnier to efectively take over the company at a discount. Given they need an AGM before they can launch an dthey are insolvent in 10 weeks and don't even seem to have started their process, unless they have a cunning plan they are cutting it very fine. I agree with others. No idea why this is still trading above 200p

[ianian4] 07/1/2021 09:40

Does trimming costs include furloughing the Directors, or are they still on full pay?

[csmwssk12hu] 07/1/2021 09:35

I think it’s amazing the share price has held up this well, take the chance while you can would be my thoughts