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Marstons Share Discussion Threads
Showing 1976 to 2000 of 2000 messages
|I think it's a show of confidence
Selling beds will transform this company into a cash cow within the next 3 years
What price the shares then
I'm betting double today's price|
|I have been buying more at this level but I'm not a fan of 'stage-managed' Director share buys (and if more than one buy at the same time, I assume it is stage-managed). Whilst spending nearly £50k may indeed be a show of faith, it is somewhat diminished in my eyes by the fact that Ralph Findlay trousered over £1.2m in pay and benefits last year, so he's not exactly betting the farm. The only time I did sit up and take notice was when Brian Souter put £13m into Stagecoach when the shares were on their knees. That certainly was a strong signal and proved an extremely profitable one. This, I'm not so sure about.|
|Directors think it's a good idea to buy ,and so do I|
|I am a new investor, my main concern before investing was the level of debt. I like the upgrading of the estate and clearing out of the Deadwood. Let's see how low she goes.....(sorry couldn't resist usually happens when I buy in).|
|Somehow joe public always has money for small ticket discretionary spending...food & drink...|
|A little more complex though.
Another downturn, and it is a case of when not if, will see further capacity
stripped out of the sector with pub and some restaurant closures.
Some pub companies performed relatively strongly through the last
financial crisis and see no reason why that should change.
The main headwind over the next 12-18 months is cost inflation pressure.
There has already been a significant sector de-rating through 2016.|
|But it is discretionary spending.|
|Mars is not a high ticket item..|
|Provided UK consumer confidence does not take a large hit!.|
|I'd have thought Brexit plus the possibility of global trade slowing down would make our domestically oriented companies the less risky choice, not more so. As you say, Lord G, some attractive opportunites around, starting here. And surely a bit of inflation would help too.|
|Dogwalker - I've noticed that as well. Looks like the market has taken a view on the economy's chances post-brexit and is pricing it accordingly. Bargains about if you are more sanguine about brexit and can take a longer term view. Looks like a buying opportunity to me, with some very good yields on offer - inflation or no.|
|There's been a general trend recently of domestic-focused companies' shares getting dumped on the announcement of perfectly good results. Or very encouraging ones, as here.|
|The last few days have seen high volumes (for MARS), 6.8 million shares today 7.9m yesterday above 3m since the 18th November. Is there anything to learn from this? There don't seem to be many large declared positions in MARS ie there is large free float. Are some big positions changing hands at this price?
I hold a few of these and was disappointed the decent results didn't trigger a rise.|
|The debt is against property assets and is hedged by long dated IRS, thus interest rate movements are of little direct consequence.|
|'divided....'? Divided opinions about ability to service so-called debt if things turn really nasty?
Please explain/complete your post janekane.|
|Solid buy for growth and dividend|
|the share price is a reflection of expectations. On the plus side we have lower increase in minimum wage, increasing profits, reduced pension deficit etc,. on the downside we have subdued wage growth, possible interest rate rises, revaluation of estate downwards etc.
Its difficult to know what weight the analysts place on these things but they tend to come out in the wash on a long term trend i.e. 5+ years.
Solid hold for dividend.|
|I don't understand- if the preliminary report was so positive, why has the share dropped rather than risen? Or is that just a naïve view of it all?|
The wider Thompson family may well have a few shares, but there is no evidence of their attendance at AGM's.
Run by the 'professionals' now.
Young Thompson was good value for his wit and repartee as Chairman.
|Had a Fullers Vintage Ale 2016 yesterday, very potent!, but a tad disappointing
for the price, may be better with further bottle ageing.|
|If they over binge drink & end up in A&E then the NHS cost should be paid by the that drunk person...hit them where it hurts more...that will be a wake up call..|
|I'm afraid I think that minimum unit pricing is an 'us and them' thing, EI. You and I would never be affected by it because we always drink above the minimum price! I am aware that I drink too much and that is a matter between me, my doctor and my liver. Minimum pricing, like the Lottery, would simply be a tax on the poor.|
|Wouldn't your friend be out of a job if everyone stopped drinking ?|
Yes, I probably am a bit behind the times there, red. I remember shooting with Teddy Thompson when I was a young lad and his son, David, went on to run the show, retiring in 2013 ending a 120-year run when a Thompson had been at the helm. With the combination of Wolves with Marston, Thompson & Evershed, I'm sure there are still a fair number of 'family' shareholders and I bet the 'ethos' still prevails.
EI, yes GNK remains my preference of the two but I hold both. I think they are cheap at this level. My working life has spanned many recessions - including the infamous 1973/4 when we all genuinely thought the end of the world had come - and every time predictions about the 'death of the pub' have come to nought. The pub has simply adapted and as it is at the bottom end of the food chain (though only just, seeing how many gastro-pubs are all but restaurants on quality and price) has shown it can survive and even prosper in a tough trading environment. In my experience, when 'discretionary spending' is hit, the pub is the last treat that people want to give up. (or maybe I'm just thinking of me!)|
|Oh no...when IC gets involved hope its not kiss of death!!...|