Marston's Share Discussion Threads

[skinny] 22/5/2015 16:20

Tipped in IC - not always a good thing!

[janekane] 22/5/2015 16:12

Dozens of potential institutions and other Brewers
C and C (magners/tennents) for one
The list of potential buyers is infinite theirs more money stuck in bank vaults than Mars monetary value

[janekane] 22/5/2015 14:23

Theirs plenty of institutions with mountains of cash looking for a good home to invest
Mars fits that bill
It's a very attractive proposition

[jeffian] 22/5/2015 10:25

re #1599,

Marstons and Greene King, who have both grown from their regional roots (GNK - East Anglia; MARS - West Midlands) via the acquisition opportunities afforded by the Beer Orders to become truly national companies are the 2 clear winners in the takeover activity of the past couple of decades. The big pubco's - ETI and PUB - which once ruled the roost have been laid low by the change in attitude to the debt-leveraged model and recent legislation attacking the 'tie' which provides a significant portion of their income. Only MARS and GNK have stayed true to the old 'vertically integrated' brewery model - i.e. they brew the product, wholesale it, deliver it and also control the retail outlets that sell it. They may well continue to make selective acquisitions of pubs and beer brands themselves but it is hard to see "the prospect of a takeover at these low prices make us look very attractive to some of our bigger competitors". What bigger competitors? A merger of the two of them would undoubtedly now raise competition concerns. Who else would want them? The pubco's are dead in the water (if anything, MARS might go for them as GNK has with Spirit). Unlikely, IMHO.

[redartbmud] 22/5/2015 07:58

jane

Your PR skills are excellent. Are you paid directly by Mars or through an agency?

[whackford] 22/5/2015 07:52

Recommended in the Chronicle today: "High yield Marston's primed for growth." Buy.

[janekane] 22/5/2015 07:17

As with any vote the % of yes votes out way the no,s so if 48 % of voters. Poll and 40 % of them vote yes then the motions are carried
Simples
Red
The institutions are increasingly flexing their muscles on directors pay
If they consider Mars to be overpaying then I have no doubt that they would have
Made it quite clear they didn't agree and voted these proposals down

We have turned a corner and the prospects for growth in our share price has never been so good for years
My thoughts are we will add a considerable amount to our holding over the next year and the prospect of a takeover at these low prices make us look very attractive to some of our bigger competitors

Just look at the takeover activity in this sector it's never been as active for years
and this little gem is ripe for Picking

Look at the financials

[redartbmud] 21/5/2015 08:07

jane

Not all of the institutions that hold Mars shares would appear to vote on the remuneration package. The number of overall shares voted is well below 50% of shares in issue. What does that tell you?

[janekane] 21/5/2015 05:38

Buyers equates to a rise in price

[skinny] 20/5/2015 11:51

No, perhaps not - but better than a reduction I'd have thought.

[jeffian] 20/5/2015 11:37

Not sure that tells us anything, Skinny. Brewin Dolphin are brokers! It's just the aggregate position of all their Nominee Accounts.

[janekane] 15/5/2015 11:36

RED
I could not agree more however the balance has to be fair for both parties
we need a good collective of directors and a good /fair pay package
but again we seem to get gold plated packages
the choice of votes regarding remuneration show we have a balance acceptable to all parties

[redartbmud] 15/5/2015 09:12

jane

Too often companies award obscenely excessive remuneration packages to executives, and you still get monkeys. They are just eating gold plated peanuts.

[janekane] 15/5/2015 07:14

The owners of the company are showing their disdain at directors remuneration package
Trouble is if you pay peanuts you get monkeys ,however it's quite right for the owners of the company that they should scrutinise these pay rises and voice their opinions or even block excessive rises

[irnbru2] 14/5/2015 23:37

No change there, then.

[redartbmud] 14/5/2015 23:10

I can see a very significant increase in directors' remuneration.

[poleaxe] 14/5/2015 16:07

As expected.

[rmillaree] 14/5/2015 15:23

Acceptable :)

[janekane] 14/5/2015 15:04

Verry good

[skinny] 14/5/2015 07:01

INTERIM RESULTS FOR THE 26 WEEKS ENDED 4 APRIL 2015

REVENUE AND EARNINGS GROWTH SUPPORT INCREASE IN DIVIDEND


FINANCIAL HIGHLIGHTS
· Underlying Group revenue up 3% to £384.5 million
· Underlying profit before tax up 2% to £29.6 million, despite disposals and anticipated pension costs
· Underlying earnings per share up 2% to 4.2 pence per share
· Interim dividend up 4% to 2.5 pence per share
· Estate valuation reveals £54 million increase - 40% increase on build cost for new-builds

OPERATING HIGHLIGHTS
· Destination and Premium: Like-for-like (lfl) sales up 1.5%, underlying operating profit up 10%, operating margin up 0.5%
· Taverns managed and franchised: Lfl sales up 1.4%, profit per pub up 19%
· Leased: Profit per pub up 4%
· Brewing: Underlying revenue up 9%, ale volume up 4%, underlying operating profit up 10%, operating margin up 0.1%

STRATEGY HIGHLIGHTS
· New-build development: Completed 8 new-builds in the half year
· Franchise expansion:37 pubs converted to franchise; now 520 pubs
· Disposal of smaller wet-led pubs: Disposal proceeds of £26 million, including sale of 65 pubs, improving average estate quality and returns
· Brewing: Acquisition of Thwaites' brewing operations completed in April 2015

CURRENT TRADING - 5 WEEKS TO 9 MAY
· Managed lfl sales up 2.0% including lfl food sales up 1.8% and lfl wet sales up 1.7%
· Taverns lfl sales up 2.8%
· Leased profits and own-brewed volumes in line with expectations


more....

[janekane] 14/5/2015 03:59

Watch this space