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Back from hols to find my limit buy orders have largely executed - so back to being nearly double my core holding.
On the bright side having averaged down again since my pre hols sales, at least my carrying price has come in another few pence. MARS is quite frustrating as the valuation seems obtuse.
I hope for a solid trading update and a return to 40p+ and the illusive break even point
At least someone lit a fire under RCH while I was in the sun, so I am not destitute.
Whereas Carlsberg have been a partner of Liverpool FC for sometime now, they have also signed up with Aston Villa to have "pouring rights at "Villa Park". Now there will be a captive audience for the whole season introducing some international games too.
Someone at the brewer has a great vision for expansion as I have said before , and perhaps far more punters will be attending Football matches throughout the season than even their own pubs! Keep it going!
www.avfc.co.uk/news/2024/june/17/villa-announce-carlsberg-marston-s-brewing-company-partnership/
England do seem to get the result in the end and played a lot better when the subs came on being a better balanced side with some extra creativity which is what we needed. It makes the tournament exciting I suppose. However in the end even the misses is now enjoying watching all of the games, even those without England and so the tournament is/will be a great success for Marston.
Carlsberg have shown they have an appetite for expansion which will help us in two ways. As their minority partner in the Uk we will see the benefit with massive economies of scale savings on transportation and with increased orders from a "one stop shop" which is benefitting already with the Stonegate 10 yr contract to their 1400 plus venues.
Secondly it is very good to have such a massive company as a partner who is so cash rich. Already this year Carlsberg have made over £800m in sales profits! As I said before they could simply buy out Marston in their sleep and this share will rocket on the news! Even the non shareholders and doomsters will not be able to hold down the price. GLA our time will come very soon! If not to me this is a great opportunity at the price especially when many project commercial banking rates coming down very soon.
Looks like markets have priced in an early exit for England.. this and MAB floundering lately.
Come on Justin, 6 months in and nothing changing !!! SP heading for 20s again.
Tickets booked just in time for another big pay day on Saturday. Come on England !!!
Some have been saying for a while, Carlsberg will get 100% of CMBC eventually. They are playing a cunning game. Carlsberg have not got to where they are by being "Gentlemen"
I think it’s better if Carlsberg fail with Britvic. We know they have cash to spend. If they fail they will look for other areas to deploy ie out last 40% which will give the shares a nice boost
WW -thanks for your positive insight with which shareholders will feel they can now see some light coming at the end of the Covid tunnel as the whole sector comes back with strong position for Marston who have some wealthy partners!
I heard last night that ENGLAND have already qualified for the Euro24 knockout stages too without having to even play their match later today, and Marston have already said before the tournament started, this is going to be very positive for sales. The warmer /hot weather coming will too.
I hope the new management will feed us with updated sales figures on a more regular basis, so that the share price can now start to build momentum to move back to pre-covid levels, and add to that we might even see property values rising soon too once the Banking rates start reducing. Goodluck.
So a lovely development on the brewing side, combined with potential operational leverage on the pub side. Re pubs - op margins pre covid were 18-21%, a lot of competitive capacity has come out, and one can expect with economic visibility improving combined with multiple sporting events this year, that a lot of the remaining capacity will get used. The needle is moving in their favour… ATB
Worth noting that the brewing dividend from Carlsberg was £13.8m in H1, or £27.6m annualised. This is only just short of the £32m op profit this “jewel” was generating prior to the creation of the Carlsberg brewing jv… On top of this, the divestment enabled the company to pay down circa £100m net debt in the depths of Covid… ATB
I now see that HL have reported as I have said that Pepsi are in favour of the Carlsberg bid for Britvic in that they have amended their bottling retention clause to allow for the takeover.
Things for the Group Companies will look a whole lot better if the takeover is accepted.
Marston can only stand to benefit. Fingers crossed for all shareholders mine included.
In 1st paragraph you say that MARS "are fortunate to have 40% of the brewing company".
Surely what you meant to say was that we were unfortunate enough (due to our debts run up by that nice Mr Fidler) to lose 60% of our jewel in the crown, because it was taken off us at a very low price as we were in dire need of cash at the time, so we are left with a minority stake and a portfolio of pubs, 50% of we are apparently also fortunate enough not to be able to sell, due to the tough deal the Danes made us swallow ?
The Marston Carlsberg brewing partnership is owned 60% by Carlsberg and is a Carlsberg Group Company and so will Britvic be if it is taken over for a majority share. Both will be deemed to be Group Companies which will benefit from each other. It will be therefore in Carlsberg own interests that they do. I see economies of scale providing real benefit for them working together. However Marston who are fortunate to retain 40% of the brewing Company will also benefit with these economies of scale and one stop deliveries which is where the clients including Marstons pubs will benefit as well as Red Oak and Stone gate etc.
So the Brewery Partnership a Carlsberg Group Company and the Marston pubs will both benefit as it is in both Marstons and Carlsberg interests that they do so. If Carlsberg succeed this will give Marston an advantage over its competitors with deliveries and saving costs on logistics and in time cost savings from the in group Companies working together. Very clever move by Carlsberg who already provide for Pepsi Cola bottling in many parts of the World already including Norway/Sweden, Switzerland and Asia and Africa. DYOR. GLA. looking good for Marston to have such an ambitious partner wanting growth with economies of scale to produce greater profit (where Marston will also be a main beneficiary!).
Are there two marstons,because i fail to see any share price rise on friday concerning marstons brewery plc,
Under takeover rules, Carlsberg has to declare its intention to make a formal offer for Britvic by 19 July or walk away.
Carlsberg trying to deepen ties in the UK
The bid comes four years after Carlsberg significantly expanded in the UK through its £780 million joint venture deal with Marston's, creating the Carlsberg Marston's Brewing Company, which makes brands including Hobgoblin and Pedigree.
Britvic was founded in the UK in the 1930s. It sells its drinks in Britain, Ireland, Brazil and other international markets such as France, Middle East and Asia.
In 2020 Britvic reached agreement with PepsiCo for a new and exclusive 20-year franchise bottling agreement for the production, distribution, marketing and sales of its carbonated soft drink brands in the UK - including Pepsi, 7UP and Mountain Dew.
(Bottling is exactly what the Marston/Carlsberg Partnership in the Uk does too!)
Carlsberg said in a statement: “We believe that the potential transaction would enable the company to capture appealing long-term growth opportunities from Britvic's comprehensive portfolio of leading brands.”
Interesting press reports over the weekend compliment Carlsberg for another break though and say (Mail On Saturday) that they expect (if the idea of buying Britvic succeeds) they will automatically be Turbo charged with their standing in the drinks industry.
I see another offer coming in and this will really help the Carlsberg Marston Partnership with very large economies of scale in manufacture and distribution to both retail outlets such as the Supermarkets and those signed up in the Pub and restaurant trades where there will be no need to involve middlemen and the likes of Stonegate and others who have a contract for supply for the next 10 years will be able to select Soft as well as Alcoholic drinks.
It also gives the Uk confidence that Carlsberg have seen the Partnership they have with Marston being so good that they are considering a very large investment in another Great British Company. If any offer is successful this is a vote of confidence in Carlsberg and for the Carlsberg Marston Partnership which may be one reason why Marston rose on Friday in a falling Market. A great opportunity exists here for both Marstons pubs and the Carlsberg partnership. GLA.DYOR.
So cash rich Carlsberg will help out a destitute partner, really. Business is ruthless, survival of the fittest. Carlsberg are not into Pub ownership, just a brewer. The JV suited their plan to acquire a group of well established Breweries, the linkage of Pubs was worthwhile add-on that Carlsberg cleverly tied into some rigid conditions. One being Marstons are required to retain at least 50% of it's Pubs. There is a limit to the numbers of Pubs marstons can sell which would release valuable equity that keeps funders happy. The Brain's estate is leased for 25 years, Marstons had an opportunity to acquire the Freeholds but were cash strapped. Song a European Private Equity company did buy the Freeholds. It can be fairly sure Song will be looking to substantially increase income and value from the asset.
If Carlsberg do acquire Britvic, Marstons are not to know how soft drinks supply and costs there of will be implemented as part of the JV.
Carlsberg have not got to where they are by being generous, that is business.
Superpuffer
I am surprised that you did not mention the long article in todays Torygraph saying that in the 1st quarter of 2024, 239 pubs closed which is 56% higher than the same quarter in 2023, this certainly ties in what I have been seeing in London where the attrition has been awful for the last few years.
In 2000 there were over 60,000 pubs and today just about 45,000 which is starting to look less than ideal, as this shows it is not just Southern England where pub culture is becoming less popular.
Very clever idea from Carlsberg that will help them no doubt as they own 60% of the Carlsberg Marston Brewery partnership where Marston will also see benefit. However the real benefits come supply to their growing list of partners with not only their own produce, but also perhaps soft drinks. If they were to take over Britvic then they can supply all the soft drinks Britvic produce as well as their own Alcoholic ones . I see tremendous economies of scale in devieries to from one source rather than the two Companies to not only the Pub and restaurant trade but also to the supermarkets.
Carlsberg also have shown their hand in being cash rich to have near £4 Billion free and could just buy out Marston in their sleep if they wanted and the Marston debt to that Company looks insignificant. Shame the so called experts on here cannot see further than their Mbappe!! GLA.
Quite right macq, many recent investors here need to research the history of Mars.
"Carlsberg are looking after their own interests and doubt Marstons are involved at all" sounds like the same situation as when platinum put the takeover bid in for marstons and the board were looking after their own interests and not getting us (the shareholders) involved,at least the Britvic shareholders are aware of the bid,,,
Carlsberg about to table a 3rd offer of around £3billion in cash. If as suggested Carlsberg are putting an offer, as majority partner, are Marstons part of this take-over? If so where will the 40% share of the offer come from?
Carlsberg are looking after their own interests and doubt Marstons are involed at all.
@macq
Poor old super puffer leaps on anything remotely connected to MARS & puffs away, no way can he stay silent until he has something of relevance to say, he just keeps on puffing...
Who on earth wanted to know that his Godfather was the company secretary many years ago, but he tells us so ?
Still if it keeps him happy I guess he just has to carry on puffing, but without the wit that Syd James added to things when he was doing a "carry on".
Yes its brilliant news for Britvic shareholders, their price is souring on the possible takeover announcment,,,,what i dont see is the marstons price moving ,even if we are linked in some way ,,,,
Second offer has now been made will we see another?
Britvic rallied after confirming it had rejected two takeover proposals from Danish brewer Carlsberg, the first at 1,200p per share and the second at 1,250p.