Mitchells & Butlers Share Discussion Threads

[blueboy6] 24/8/2015 14:15

Better give that kipper machine another kick Mike both this one and INCH making me a fortune shorting LOL!!! Do me a favour the next buy signal it farts out, give a heads up mate!

[blueboy6] 21/8/2015 16:26

PS Pity about INCH TANKING, oh well!

[blueboy6] 21/8/2015 16:23

Mike, Mike back over 370p getting excited now. Buy order 376 may get filled now, what do you reckon?

[blueboy6] 20/8/2015 21:27

Don't fancy my chances of my order being filled tomorrow Mikey. Better change the batteries on the kipper 7 update. Version 8 gonna be any better?

[blueboy6] 20/8/2015 15:34

Mike, Mike 365p should I buy now? Looks tempting!

[blueboy6] 20/8/2015 15:23

Hello! Is there anybody there?

[blueboy6] 20/8/2015 15:06

Mike, got a buy order waiting to be filled @ 376.

a) Will it get filled today?

b) This 7th edition of your famous kipper system is any sort of timing required?

[blueboy6] 20/8/2015 08:46

Any chance of a daily chart Mike? 374p your entry. Interesting.

[mike740] 18/8/2015 11:05

LONG on MAB Mitchells @ Butlers, see chart, base building, last update positive , looks well oversold.

[ashbox] 22/7/2015 15:34

Nice reversal of precipitous drop from last few days....Broker views 22/7/15 500p Equal Weight Barclays Capital Reiterates

[irenekent] 07/7/2015 08:08

About time we got a dividend. The directors need to wake up and release some value.

[togglebrush] 14/5/2015 07:08

Interims with still NO DIVIDEND ... Highlights are:-
'
Strong food volume growth drives sales progress
'
Financial performance
'
- Total revenue GBP1,113m, up 9.5%
- H1 2015 like-for-like sales growth 1.7%(a)
- Adjusted operating profit GBP153m, up 4.1%(b)
- Adjusted earnings per share 14.4p, up 5.9%(b)
- Net cash flow GBP47m (H1 2014 GBP43m)(c)
'
Balance sheet and cash flow
'
- Capital expenditure up to GBP94m (H1 2014: GBP86m), 9 new site openings and 23 conversions
- Net debt reduced from year end to GBP1.9bn representing 4.4 times EBITD(d)
'
Operational performance
'
- Like-for-like food volume growth strengthens to +2.9% (H1 2014 +0.2%)
- Operating margin 13.7% (H1 2014 14.5%)(e) reflects Orchid and volume-driven sales growth
- Staff turnover at historical low of 77% (FY2014 78%); net promoter score(f) up to 65%(FY 2014 63%)
- New EPOS systems live across whole estate
- Orchid integration on track: office closed,synergies created, conversions performing strongly

[togglebrush] 29/1/2015 07:24

AGM Trading statement
'
Sales Up but Margins under pressure

[timbo003] 06/1/2015 16:49

Also see C&C RNS issued this afternoon:


and article dated Jan 6th in the Morning Advertiser:

[timbo003] 06/1/2015 14:36

Jeffian, that was my understanding too, but then I read that telegraph article (dated Jan 4th 2015)

I cannot vouch for the accuracy of the article and it may be sloppy reporting, but it clearly states that today is the last day C&C can make a bid (note in particular last para)

PS: sounds like the reason is unrelated to that anyway (thanks for posting that philanderer)

[jeffian] 06/1/2015 12:55

timbo,

It's already an agreed deal for Spirit to go to Greene King. C & C tried to gatecrash the deal. Keep up!

[philanderer] 06/1/2015 12:23

FT Alphaville couple of hours ago...

Morgan Stanley on pubs, for instance.

BE
They like M&B.

BE
Not so keen on the others.

BE
It’s a 2015 preview and therefore a 79 page note, so don’t expect it to open quickly.

Mitchells & Butlers PLC (MAB:LSE): Last: 398.60, up 20.3 (+5.37%), High: 400.40, Low: 384.90, Volume: 250.61k

Changes: We are downgrading our JD Wetherspoon rating
from Equal-weight to Underweight. This reflects the strong
performance of the shares, slowing top-line momentum,
ongoing pressure on margins, and the significant valuation
premium to the peer group.

While we see Wetherspoon as a
strong and well-run operator with a proven and popular
concept and an excellent long-term record, we think the
attractions are fairly reflected in its premium multiple at the
moment, and see downside risks to forecasts in the short term
owing to ongoing margin pressure. We see 26% downside to
our bear case and 24% upside to our bull case, leaving a wellbalanced
risk-reward profile. With more attractive upside
potential elsewhere in the sector, we downgrade to
Underweight, with a relative preference for M&B.

[timbo003] 06/1/2015 10:45

Might be something to do with this:



Last day today. If C&C don't go after Spirit, that only really leaves MAB or Stonegate (which is owned by PE)

[togglebrush] 06/1/2015 09:45

Share Price top so far today of FTSE 350 leader board when most of the market is falling. No RNS or news I can find yet which is interesting !!!

[togglebrush] 26/11/2014 09:09

Press
'

[togglebrush] 25/11/2014 15:37

Market seems to like the results

[togglebrush] 25/11/2014 07:09

RNS re FY extract
'
Dividends
'
The Board remains mindful of the attraction of the resumption of dividend payments and will continue to monitor anticipated net cash flow generation, before taking a decision on timing and quantum.
'
As an element of the recent pensions valuation, referred to above, the Group has agreed that normal dividends will only be resumed provided they can initially be funded out of cash-flow after bond amortisation.
'
LAST dividend I received was 4th February 2008 ...for period ending 7 YEARS AGO

[jeffian] 17/11/2014 23:08

I just don't get the C&C thing. What on earth can they bring to the party?