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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marston's Plc | LSE:MARS | London | Ordinary Share | GB00B1JQDM80 | ORD 7.375P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.55 | 2.01% | 27.95 | 2,705,847 | 16:35:05 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 27.75 | 27.90 | 28.50 | 26.80 | 26.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Malt Beverages | 885.4M | -9.3M | -0.0147 | -18.88 | 175.98M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:07:06 | O | 40,000 | 27.95 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/3/2024 | 14:50 | UK RNS | Marston's PLC Director/PDMR Shareholding |
| 15/3/2024 | 13:23 | ALNC |  IN BRIEF: Marston's CEO Justin Platt buys GBP100,000 in shares |
| 15/3/2024 | 10:15 | UK RNS | Marston's PLC Director/PDMR Shareholding |
| 11/3/2024 | 08:36 | ALNC | Marston's Chair William Rucker to leave to take chair of British Land |
| 11/3/2024 | 07:00 | UK RNS | Marston's PLC Succession plan to appoint new Chair of the Board |
| 07/3/2024 | 10:03 | UK RNS | Marston's PLC Director Declaration |
| 06/3/2024 | 08:35 | UK RNS | Marston's PLC Director/PDMR Shareholding |
| 05/3/2024 | 16:24 | UK RNS | Marston's PLC Director/PDMR Shareholding |
| 01/3/2024 | 12:58 | UK RNS | Marston's PLC Total Voting Rights |
| 09/2/2024 | 08:40 | UK RNS | Marston's PLC Holding(s) in Company |
Marston's (MARS) Share Charts1 Year Marston's Chart |
|
1 Month Marston's Chart |
Intraday Marston's Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/4/2024 | 12:56 | Marstons...time to buy??? | 7,178 |
| 10/4/2024 | 22:21 | Marstons - Needs Shaking Up ! | 2,274 |
| 07/10/2022 | 17:08 | MARSTONS 2020 | 461 |
| 04/6/2020 | 14:38 | WHEN ARE THE FUCKIN PUBS OPENING? SINCE THE BEACHES ARE!! | 14 |
| 21/7/2018 | 11:24 | Is there Life on MARS? | 91 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:07:06 | 27.95 | 40,000 | 11,180.00 | O |
| 15:45:04 | 27.89 | 322,784 | 90,018.00 | O |
| 15:45:04 | 27.93 | 322,784 | 90,153.57 | O |
| 15:45:04 | 27.93 | 322,784 | 90,153.57 | O |
| 15:44:36 | 27.74 | 776 | 215.29 | O |
| Top Posts |
|---|
Posted at 23/4/2024 09:20 by Marston's Daily Update Marston's Plc is listed in the Malt Beverages sector of the London Stock Exchange with ticker MARS. The last closing price for Marston's was 27.40p.Marston's currently has 634,148,510 shares in issue. The market capitalisation of Marston's is £175,342,063. Marston's has a price to earnings ratio (PE ratio) of -18.81. This morning MARS shares opened at 26.80p |
Posted at 16/4/2024 13:31 by fenners66 rmillaree - The company has met its obligations to tell all just what they have done so far....The market works on what they have not yet told us or cannot tell us. The market has to make future assumptions and look forwards - otherwise every quoted company that went bust would do so with their share prices at say an average - not at the all time lows they generally reach before the company discloses the info. We know the market is betting on something and that generally the large investors are aware, or have done more in depth analysis of the accounts etc, of some things that retail investors are not. So Stonegate already looking to refinance next years borrowings and not getting anywhere whilst a much smaller amount the market is perhaps reading across here. |
Posted at 05/4/2024 13:53 by careful Market cap is about £165m.A share price of 26p against so called net assets of over 100p per share looks odd. There is the debt, and interest rates and cost of servicing debt needs to come down. Someone knows something we don't. we need an update, May is a long time to wait. Financials here are always complicated. The share price is suggesting we are in serious trouble. Tempting for the contrarian. Revolution Bars Group situation does not help sentiment. They seem to be a a hopeless position. A much smaller operation. |
Posted at 13/3/2024 07:58 by jubberjim In light of the move across to British Land of our lame duck it is hoped that the regulatory authorities will be keeping an eagle eye on any decisions by said company .In doing nothing for the Marstons share price there will have been a lot of knowledge gathered as to Marstons Pubs and land holdings which i would imagine might be substantial. Be safe |
Posted at 28/2/2024 23:24 by fenners66 >Heatseek77>21 Feb '24 - 11:56 - 7040 of 7052 "If you'd done any research you'd know debt isn't seen as an issue here as it's more than covered by assets." That's great news , so no one in the city is bothered about the debt any more and the share price has risen to £1.05 per share then ! Thanks for your wisdom..... Except .... the share price is down to 29.5p ! Close to all time lows ? |
Posted at 23/1/2024 13:42 by libertine Analysts at Shore Capital reckon the lack of share price movement, and the consistently low valuation, has been led by the group’s debt pile.In December, Marston’s revealed that at the end of the 2023 financial year, its net debt sat at over £1.1 billion. Its market capitalisation sits at £210 million. Yet, Shore Capital argues the market is failing to account for the “optionality held on the balance sheet”. The London-listed company’s flexibility arises from both its £2 billion property estate and its 40% stake in the Carlsberg Marston Beer Co, which brews brands like San Miguel and Hobgoblin. Marston’s also trades on a price-to-earnings ratio of 5x and a 65% discount to its net asset value. “With current trading resilient, ongoing margin improvement and deleveraging targets, we continue to see the valuation normalising over time,” Shore Capital concluded, before rating the stock a ‘buy’. |
Posted at 05/12/2023 21:20 by cerrito I thought the report read well.The fact that they have to run fast to stand still is seen in that they generated Free cash flow of £131m but £93m of that was spent on interest costs and a further £4m on debt arrangement fees ie only £34m left over. I appreciate these figures were distorted by one off working capital outflow of £29m and that in this current FY, the FCF should be higher. I read with some disquiet the Going Concern Statement and I note that in their severe but plausible scenario, which I quote below, they will break their interest coverage ratio. I share their confidence that they can get a waiver but no doubt it would cost them and a 5pc volume decline is very feasible. What do you folks think? I see we are given no info on what volumes did. I also note they got a covenant waiver earlier in the year. In the current climate good that they are engaging now with the January 2025 maturity of the RCF and the private placement. Fingers crossed that financial conditions ease next year. Quote We have also considered a severe but plausible downside scenario, incorporating a 5% reduction in sales volume as a consequence of the cost-of-living crisis and current inflationary pressures along with a reasonably plausible increase in costs compared to the base case forecast. Unquote £50m/£55m of capex expenditure this current FY seems appropriate to me. I note this is equal to what they expect to get from the disposal of non core assets. They have a well spread investor base with the largest holder currently being Morgan Stanley with 6.95pc.. Yes the likes of MS, Coltrane and Bayberrt are trimming their holdings but big picture we are not in a position of having someone with a big holding looking to exit and causing havoc to the share price. The big question of course in the disconnect between the share price of 30p and the NAV of 101p. In theory given the Marcap of £200m approx(not too large, not too small) there should be a deal there although of course the current environment in the UK is so cloudy that it would-for me at least-be a pleasant surprise. If there was such corporate action. I hold and will remain with what I have. Given little prospect of dividends, I wonder if I am being obstinate. PS Good for them to have a training facility inside HMO Liverpool and for everyone 's sake hope it works well. |
Posted at 05/12/2023 17:16 by the grumpy old men Marston's slumps to a loss but pub group eyes bumper ChristmasWolverhampton-based firm see like-for-like sales up 7.4% since 30 September It also recorded a 9.1% rise in revenues to £872.3m over the same time period By Daniel Fessahaye Updated: 13:43 GMT, 5 December 2023 Marston's is preparing for a 'promising' festive period, with bookings ahead of last year, after enjoying a jump in sales since the end of September. The Wolverhampton-based firm, which owns 1,414 pubs across the UK, told investors positive trading momentum had continued in recent months, with like-for-like sales up 7.4 per cent since 30 September. It followed a 9.1 per cent rise in revenues to £872.3million over the year to 30 September, thanks to 'encouraging' sales of both drink and food. But Marston's still fell to a £20.7million pre-tax loss for the year after it was impacted by interest rate swap movements and charges linked to weaker property valuations, compared with a £163.4 million profit a year earlier. On an underlying basis, Marston's pre-tax profits increased from £27.5million to £32million. The pub giant, which owns 1,414 pubs across the UK, told investors that bookings for the key Christmas period have been 'tracking ahead of last year' The group said: 'Bookings for the Christmas period are promising and tracking ahead of last year. 'As always, walk-in trade represents a significant proportion of overall sales over the period; however, the booking momentum demonstrates that, despite economic pressures, people still want to go out and celebrate in a pub.' It follows similar reports from rival pub chain Fullers, which said early last month that bookings were already 11 per cent above last year. Share this article Share The update comes just weeks after Marston's announced the immediate departure of its chief executive Andrew Andrea. Andrea, who led the business for two years, will be replaced by former Merlin Entertainments executive Justin Platt in January. Platt will be charged with improving costs and reducing borrowing at the business in order to bring it back to sustainable profit. In October, the firm said it reduced head office headcount costs by about £5million this year amid plans to trim its debt pile by between £60million to £70million in 2024. Pub groups have been grappling with high costs of raw materials, energy and labour as inflation remains stubbornly high. However, costs have started to ease over the last few months, although the cost-of-living crisis remains a threat as cash-strapped customers cut down on discretionary spending. On Tuesday, the group said it was looking to save a further £3million due to reductions in its energy costs and pub labour costs in the current financial year. It is also seeking to reduce its borrowing levels in the longer term and said it will sell around £50million worth of 'non-core' pub assets to help achieve this. Chairman William Rucker said consumer demand has remained 'resilient' despite the challenging economic backdrop. Rucker added: 'The consumer has remained resilient despite the macro backdrop and Marston's continues to trade well, achieving market outperformance. 'We anticipate an improving outlook in which cost headwinds are largely abating and like-for-like sales are up over 7 per cent since the year end. 'This, together with the actions we have taken this year to drive further efficiencies, leave us confident that Marston's remains well-placed to continue to outperform and to grow revenue, margin and profitability.' Marston's shares fell by 1.45 per cent to 30.50p on Monday morning trading. |
Posted at 15/10/2023 18:54 by jeffian florenceorbis,But it hasn't been "the past 2 to 3 years". MARS has been a serial underperformer for ever - It didn't matter too much when it paid a good divi but investors have had the double-whammy of no divi and a slaughtered share price. As for being "vastly undervalued", well that's what the Board said when they turned down a bid in excess of £1/share not so long ago. And look where the share price is now! If it is undervalued, the issue for shareholders is, how do you extract that value? This Board has had plenty of time to demonstrate that and failed to do so, so either someone else should be given the chance or it should be sold. |
Posted at 11/10/2023 08:18 by careful Marston are recovering from the existential threat that was Covid.As we know the share price has been crushed and it will take a while to recover. Reducing the headcount as they are doing can be expensive in the short term but eventually helps cash/profit. Rebalancing the business will cause some financial bumps, but they are on the right track. I can buy more risk free 2-3 bond paying 5% p.a. or put some into Mars shares, hoping the share price is 36p or more in 3 years time. Well worth a punt. |
Posted at 07/6/2023 19:43 by boffster Back in 2019 GNK was taken out when it had c. £2.2bn revenue and c. £1.9bn of debt. The consideration was £4.6bn which stripping out the debt, leaves £2.7bn for the equity or just over 1x earnings on a debt free basis. That was on a NAV (less goodwill) of about £900m.Applying a similar valuation to MARS would value the equity at about £1bn or about £1.50 per share (not a million miles from where MARS share price was, at the time) |
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