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good price to get in, considering we now have the festive sales cycle ahead and this company are in a good position relative to the market.
Hi Claire
mmm....I'm still buying here...just bought another block...I share your views...but frankly its not looking good is it ?
I'm hoping for a sharp rise shortly :)
Kind Regards
The Jimster
Hi Jiimster, Ive still got a block from 2020, so a long term holder, and have just bought more to add to my holding.
Long term, very bullish on this share, they are in a great market position and in 2022 will be high gearing to profits.
Things are looking fine, however in the short term there naturally is a level of conservative market action.
However, looking at the price currently, this is way oversold now and due a bounce, can see some aggressive purchasing happening soon while still at this low price with the big bucks looking at a 6 month time scale.
Hi Claire...appreciate the info
Just checked my interwebs...and see that my highest block ( 94.8 ) in April this year...and have been steadily buying all the way down...with some minor 'scalping' along the way
So not toooo bad
But
My biggest concern is the 'cash burn'
I have been to scared to look at the latest figures...chuckle
Still very optimistic though...think Mars has a future
Thats it and enjoy the day
The Jimster
Nobody (MARS BOD included) seems to want to discuss the reinstatement of dividends.
When and how much?
well it doesn't seem appropriate to be looking at putting dividends back in this year due to very obvious reason (C19 et al), however imagine they are looking towards 2023 as a time when this would become back in focus.
either way, taking all things into consideration, they have performed brilliantly the past couple of years, have the carlsberg partnership locked in, and building a better pub estate to grow into the post C19 world.
B---y media ramping on about b----y covid again has done this today.
Unfortunately, the Government's failure today to stop speculation on further lockdown measures - i.e. no current plans to implement Plan B but are monitoring the data constantly - leads me to suspect that new restrictions may well be imposed in time to ruin the Christmas pub trade.
'
clairesmith "well it doesn't seem appropriate to be looking at putting dividends back in this year due to very obvious reason (C19 et al)"
...albeit, some of us rely on dividends to fund our retirement
LTH's need to dig into the waivers agreed by Note holders almost a year ago. A condition was agreed, Dividends will not be payed for a period of time. Depending on performance the conditions of the approved waivers will be reviewed after 1st January 2022. If favourable dividends could be restored if the current year 21/22 provides adequate headroom, early in 2023.
Whilst the company are determined to reduce debt, restoration of Dividends is in the lap of the Gods.
We all (LTH) want dividends restored after all that was a reason why I and suspect many others invested in Marstons a few years ago.
I think MARS will remain volatile for time being.
There are simply too many uncertainties at the moment from rising COVID-19 cases to poor trading in many pubs.
All things being equal, in the medium to long term this could be performing much better. However, I think that those who expect to make a quick and easy profit will be disappointed.
taking all things into consideration this really should be sat up in the 80's currently, this is a great buy time
Morning Claire
My Interwebs are picking up chats about Aberworth takeover possibilities
At 5.3% doesn't seem likely does it ?
Is MARS in the frame for a takeover do you think ?
Kind Regards
The Jimster
I guess that when you look at Mars against wetherspoon and whitbread etc Mars does look under valued and it a possible takeover target when we are at these very low levels.
As always when we are shareholders of a company you always look forward to any higher takeover offer, and when you look at what Mars have and what the sp should be when we get back to normal the SP could be £1+ no trouble.
But will it happen, the answer is possibly at some stage but when we least expect it and at a much higher price than we expect.
Hey Jimster, Marston was already a target for take over at 100 by US equity firm at the start of 2021, and Marston turned this down!
This is a great sign as show that Marstons can see the company being worth more.
Marstons are a relatively safe company with a strong revenue stream, that's why I keep buying chunks and forgetting about it, as the only way is North!
Any T/o approach could only be for the Pub/Motel business, the Brewery, a significant asset is No longer controlled by Marstons.
An offer from Platinum was rejected in January without reference to Shareholders. It is reasonable to assume a Big Ego was involved. Suspect many holders would have accepted the earlier offer.
Food and Drink company's used to be a safe haven in times of Economic stress, Covid has disrupted that investment criteria.
NAV to be published in the accounts in a few weeks will be a figure many will analyse.
IMO, the fly in the ointment is the Sale by Brains.. It is highly likely negotiations are underway. As Leaseholder, Marstons have a significant interest. If a deal is agreed, Marstons need to structure funding of the potential purchase of Brain's Freehold Estate. Funding could involve a Rights Issue.
With all this going on, it is hard to see a predator on the horizon.
777
Aberforth are fund managers, very rare in my experience have fund managers ever launched a bid, after all their businesses are hardly complementary are they ?
Nice try but I do think you need to try harder before you start talking about a takeover from a few fund managers who run 2 investment trusts & a smaller companies fund out of Melville St (I recall) in Edinburgh....
Barchid
Just what I'm hearing elsewhere is all
Don't make sense to me either
777
Those tight fisted Jocks would never shift from investing into brewing, hell would freeze over first !
I'd send your sources back to their creche with face masks on so they cant talk much, that should cool 'em down.
:)