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Marstons Share Discussion Threads
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|Doesn't specifically say so in the 'Calendar' but they usually give a Trading Statement at the AGM, so I expect so.|
|Is there a trading update as well?|
|The pubs seem hugely popular in my hometown of Manchester, but where I live now, in Bristol, they are pretty much non-existent. The closest thing is a single Pitcher & Piano in the city centre (which is not my glass of Prosecco, but seems quite popular and people seem to splash out a lot there).
I hope the share price will bounce back up to ~150 at some point; it appears to have plateaued/squeezed a bit in the past three months or so. It's a massively slow moving one at any rate! I've been putting some US tech stocks into my portfolio recently and seeing the difference between their minute-by-minute mosquito-like movements and this one that's like a salted slug is quite funny. The dividend is definitely very nice, however.
I think the question is what kind of direction we see it moving in. If the slow uptrend continues and it's hitting the 180s by 2020, I'll be a happy bunny.|
|And the old Marston Thompson Eversheds was based in Burton-on-Trent.|
|The clue is in the old name - Wolverhampton & Dudley Breweries|
Midlands, East Midlands is more the origin. Mars has expanded into Wales, the North of England and into the South, to a lesser extent, in the last few years.|
|Has anyone considered the likely cost of the revised business rates on MARS. Press comments suggest businesses in the South will be badly hit compared to the north and rates are quoted as the 3rd largest cost centre. Frpm memory MARS used to be southern orientated but not sure after Thwaites purchsed.|
|If only MARS could reduce the debt at a faster rate.
I wonder if MARS intend to issue more shares.|
|Our local mars pub was packed out xmas eve and yesterday Christmas lunch
Great results on the way|
|Every time I visit one of their establishments it's packed they seem to offer value for money and the competion don't seem able to match it in my eyes.A keen buyer is obviously out there recognising they cater for a very large market.|
|my target buy price (top up, that is) is 132.50p which came close this morning - but won't chase. still believe there is good longterm value here - at or around that level. some may await 130p but I can't see that right now. the Punch acquisition will cause some majors to revisit this sector, where an outfit like MARS should catch the eye. why?
clean efficient operations
much tidied estate - largely freehold (good long term play)
solid roll-out plan for new units/bedrooms etc.
is reaching (or has arguably reached?) an earnings inflection point (per 2016 results)
manageable well-structured debt - freehold backed
progressive EBITDA (of more interest to a Heineken-type acquirer)
strong management (but cost savings post-acquisition)
In fact, at the present rating, I would guess there are majors with this one firmly on their radar. It may take a few more years, but a bid here should not come as a great shock if/when that were to occur.|
|Had a big dabble here well worth the punt.|
|I'm guessing there is a large buy order to fill at 135 or less and the 50K buyer thinks the same|
|£1.30 the obvious buying target here?|
|Greene king are as well.|
|Thanks, spoole5. Was wondering there for a moment.|
|Ex divi today.|
|That's what timbo003 said !|
|Could be quite a bit of interest in the sector over the next few days after the punch bid.|
|The takeover bid for Punch announced earlier seems to be having a bit of an effect.|
|Mars tenants will always be on a looser the company own the property and brew the beer they sell in these property's (pubs)
You have a guy who is now supposed to keep negotiations fair and monitor/recommend the type of deals that will benefit both party's
Mars supplies a pub that sells 250 barrels of beer per year they charge the tenant top prices
They supply free trade outlets with the same beer but with a £120 ////£140 discount per barrel
The government tells Mars to give the tenant free trade prices
Mars then implement a fair rent IE existing rent plus 250#£130 =£32500 so the tenant gets a free trade deal with a fair rent that is more than double the existing and has to pay a premium of £32500 up front + full repairs on the property (put and keep)
This is complying with government rules and recommendations
The tenant will always pay the price of government meddling
They did this in the 80s and all the Brewers did was set up the pubco's
Who have killed the trade with the tie and high rents
The Brewers will always find a way of complying and still maintain their and our income
Prior to government interference in the 80s the Brewers and tenants both had good deals
This interference will only make a difficult job for publicans even more difficult|
|timbo003, thanks for the ITV link, would have missed this otherwise, well worth watching, especially the MARS involvement.|
|We seem to be in some agreement, ollie, and as I say I own both (and have bought more on current price weakness) so I'm not arguing. Not so much a choice between apples and pears as between Granny Smiths and Cox's Orange Pippin. (Am I going a bit off-piste here?!). GNK's eps at the interims was +4.3% and they still haven't felt the full effect of the Spirit acquisition nor the synergies arising (which they said were being realised faster than anticipated). We'll have to see which gets the better outcome but, as you say, they're both cheap.|
|Jeff, thanks, pre Nov 24th results, the eps f/c for 2016, 17, 18 was 13.7p, 14.3p, 15p.
The 13.7p turned out to be 14p, but the 14.3p and 15p i believe are old pre Nov 24th f/c, and should be updated and upgraded later this month by the analysts. The f/c was for 6% growth in 2016 and 5% growth in eps for 2017.
After increasing profits 10% and 9% the last two years MARS whole estate is well placed for further growth this year, economy permitting. GNK and particularly M&B have a lot of their estate to upgrade over the next few years.
I agree in the past GNK better than MARS, but i now believe MARS have better prospects for the coming year, and are more focussed on future earnings these days. But nothing wrong with GNK they are also underpriced in my opinion.|