|Mitchells & Butlers
||ORD 8 13/24P
||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Mitchells & Butlers Share Discussion Threads
Showing 776 to 795 of 800 messages
|"Underlying trading has improved in recent months, particularly when taking into account the negative impact of Euro 2016 and the wet weather seen in June. This reflects the good progress we are making across our three priority areas: to rebalance the business, to instil a commercial culture and to increase the pace of execution and innovation".
Recent spell of good weather good news for M&B - my local Ember Inn is doing a roaring trade with a large outside seating area. Shame it's forecast to rain :(|
|Mitchells & Butlers PLC Third Quarter Trading Update is out
IMHO Outlook appears Positive|
|Last week in JULY normally has an Interim Management Statement ???
APPEND 19 July
RNS it is expected 27th July 2016 ... Quarter 3 IMS|
|Sold this afternoon almost a 10% profit, over time I'm sure this will go higher.|
|Brexit = pound v Euro parity - will definitely be staying at home! Good range of beers in Ember Inns, cheers.|
|About time this good quality stock started to show some life.|
|Read Panmure Gordon & Co's note on MITCHELLS & BUTLERS PLC (MAB), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1FP6H53
"Mitchells & Butler released half year results in line with expectations with tough LFL sales (-1.6%), offset by +50bps margin improvement. More importantly the new (ish) CEO Phil Urban has outlined his plan following a comprehensive strategic review. This will involve acceleration in investment and conversions to enhance organic growth, to increase exposure to the Premium segment (Miller & Carter), re-model and reduce size of the Harvester estate, and convert many Crown Carveries to the Pizza & Carvery concept. The new..."|
|The Board has approved an interim dividend of 2.5 pence per share which will be paid on 4 July 2016 to shareholders on the register at the close of business on 27 May 2016.
- Total revenue of £1,096m, down 1.5%
- Sales uplifts from invested sites in excess of 10% in first year offset by decline in uninvested estate to give overall like-for-like sales decline of 1.6%
- Adjusted operating profit of £156m, up 2.0%
- Adjusted operating margin 14.2%c (H1 2015: 13.7%)
- Adjusted earnings per share of 15.7pc, up 9.0%
- Interim dividend of 2.5p approved
- Profit before tax: £83m (H1 2015 £75m)
- Basic earnings per share: 18.4p (H1 2015 14.4p)
IMHO on first reading this is LOOKING POSITIVE|
|#Melrose and Mitchells & Butlers lead FTSE 250 lower#
Morgan Stanley has cut its target price on Mitchells from 430p to 340p, saying:
Tough industry trading leads us to cut earnings per share forecasts 6-10% and our price target to 340p. However, we remain overweight as the relatively new chief executive is focused on improving performance, and if this fails we see plenty of other options to unlock value in this asset-rich business.
Ahead of the group’s results on 19 May, the bank’s analyst Jamie Rollo continued:
The chief executive’s three themes [at the company’s November update] were (1) building a more balanced business, (2) instilling a more commercial culture, and (3) increasing the pace of execution and innovation. There are some indications of the latter. For example, the last few months have seen a new look, O’Neill’s, Miller & Carter’s “Steak Table” experience, a Toby Carvery app, the roll-out of contactless payments and Apple Pay, a new craft keg festival, a trial of its own coffee blend, and plans to add 500 digital gaming machines.
However, these examples are hard to quantify, and we would look for clarity on: (1) group targets (e.g. like for like sales, operating margins, return on invested capital), (2) how the company aims to drive like for like sales (e.g. premiumisation, digital/Customer Relationship Management capabilities, improved food offer, more new product development/innovation, better incentivisation), and (3) plans to mitigate costs, particularly on the introduction of the National Living Wage but perhaps also a review of overheads (noting it has already restructured its senior operations teams).
|Possible reasons for price movement:-
Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research report issued on Friday. They currently have a GBX 420 ($6.01) price target on the stock.
AlphaValue restated a “buy” rating and issued a GBX 391 ($5.59) in a report on Thursday, March 10th.
Canaccord Genuity restated a “buy” rating and issued a GBX 375 ($5.37) price target in a research note on Friday, February 19th.
Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 450 ($6.44) price target in a report on Tuesday, February 16th.
Goldman Sachs reaffirmed a “buy” rating and set a GBX 410 ($5.87) in a research report on Friday, February 12th.
HSBC reiterated a “buy” rating and issued a GBX 385 ($5.51) price objective in a report on Friday, February 5th.
Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 388.38 ($5.56).|
|Restaurant Group (RTN) has very high footfall passing trades sites in Airports and City Centres which are paying high rents.
MAB mainly has historic freehold sites in prominent (often pretty locations) local sites ... more destination than passing sites.
Menus and trades therefore tend to be different.|
|Merger I think not on the above post, Joe Lewis would most likely wish to monetise the assets here, trades way below NAV even with debt!|
|Looks like this has been knocked back by Restaurant Group's unhelpful forecasts.|
|Very Soon !|
|360p Soon !|
|Merger with Whitbread soon in my opinion.|
Feb 12th, 2016
Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating reissued by investment analysts at Goldman Sachs in a research report issued to clients and investors on Friday, Market Beat reports. They presently have a GBX 410 ($5.91) target price on the stock|
|NOT TOO BAD a Trading statement and showing signs of progress IMHO|
|Dismal management, historically at least, soggy mature market, too much debt, low dividend yield, tired brands. Not a lot to like but then it is comparatively lowly rated.|
|Mitchell and Butlers share price has UNDER PERFORMED by 30 to 35% in Past Year against
Greene King_______1,315 m
Youngs A____________127 m
but following Orchid Group ("Orchid") takeover, including 173 predominantly freehold pubs, in June 2015 it deserves a re rating. Add in capital expenditure GBP162m (FY 2014: GBP162m), including 14 new site openings and 51 conversions reported in the Annual Report in November for year to end Sept 2015 together with a restored dividend
Then there is the NEW CEO from September ... There is chance that the AGM trade update may give a lift to the share price ... Thursday will tell|