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FSTA Fuller Smith & Turner Plc

596.00
-10.00 (-1.65%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Fuller Smith & Turner Investors - FSTA

Fuller Smith & Turner Investors - FSTA

Share Name Share Symbol Market Stock Type
Fuller Smith & Turner Plc FSTA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-10.00 -1.65% 596.00 16:35:00
Open Price Low Price High Price Close Price Previous Close
606.00 600.00 610.00 596.00 606.00
more quote information »
Industry Sector
TRAVEL & LEISURE

Top Investor Posts

Top Posts
Posted at 21/11/2023 18:12 by lindowcross
From the Telegraph today:

A rally of more than 40pc from the year’s low in April helps to justify this column’s patience with pubs-to-hotels group Fuller, Smith & Turner and any further improvement in trading could (finally) take us into the black on this position, first taken two years ago.

Working from home, train strikes and input cost inflation may have crimped the pace of the post-lockdown recovery but Fuller’s well-tended estate in London and the south of England is showing strong footfall despite some very variable weather.

First-half results published last week for the six months to September showed double-digit percentage increases in revenues from food, drink and accommodation. Profits rose sharply, cash flow was good and the company increased its interim dividend by 42pc, adding a new share buyback programme as it did so.

And the buyback is one of those that genuinely make financial sense, because the shares continue to trade a long way below net asset value. The company’s £386m market value compares with equity or net assets of £442m, and that latter figure is based on property valuations that date back more than two decades in many cases.

An indication of the value that lies within Fuller, Smith & Turner comes from the £17m profit that the company will book on the sale of a property in Southwark, London, for £20m when the deal closes next year.

Risks remain, especially from further train strikes, sticky inflation or “higher for longer” interest rates, which drain away consumers’ confidence and cash. But even then the valuation and strong balance sheet offer protection.

In the meantime, the dividends and buybacks mean investors are gaining some reward for their patience.

It is worth bearing in mind that by the time Fuller Smith & Turner completes the new buyback and pays its final dividend for fiscal 2024 next summer it will have returned some £200m in cash to shareholders over a decade, no mean sum relative to the current market value.

Fuller Smith & Turner still looks very cheap. Hold.
Posted at 20/6/2023 11:12 by philanderer
Questor still pushing them..


'There should be no hangovers for investors who buy another round at this pub and hotels group'

Questor share tip: Headwinds persist but sales and profits have met expectations while the company’s balance sheet offers plenty of security
Posted at 26/1/2023 10:00 by 1tx
LOL m kerr! Actually at least the investor from 2003 would n't have done too bad even today...The price then was circa 150p & would have got back 125p special divi in 2019 when the brewery was sold plus usual dividends.We live in hope.
Posted at 20/9/2022 22:14 by m_kerr
help will probably be mostly for smaller businesses anyway. they'd say the purpose of this sort of assistance is to ensure businesses survive, not underwrite investor returns in businesses that are big and well capitalised enough to survive anyway.

either way, it's a colossal amount of support that the government have put on the credit card. by comparison the bank bailouts cost £137m, and most of that was repaid.
Posted at 04/4/2022 18:39 by m_kerr
a point missed entirely by me was that the customers of FSTA are much better off than average which should bode well for sales. as investors it's easy to forget that in large areas of the UK that are poorer than average (south wales, north england etc), discretionary income is being wiped out as the cost of living rises faster than pensions, benefits and wages.

i still think many of their pubs in central london aren't viable any more, but i doubt they'd have any problem selling the freeholds which they own 90% of at premium prices.
Posted at 23/2/2022 08:57 by marvelman
Jeffian/Essential Investor...appreciate your comments and clearly better knowledge of the share classes I had not picked up on due to my own inadequate superficial research. Many thanks.
Posted at 20/6/2010 21:23 by jeavom
The latest Investors Chronicle (18 June) tips this share as a buy at 576p and had an interesting narrative - so I checked out the numbers for this company expecting them to back up the story. Unfortunately, the figures seem pretty disappointing. I struggled to get a valuation anywhere near 500p. So for now, the company seems to be overvalued.
Posted at 24/6/2005 16:38 by dire straights
Mitzis

See you there

I,ll be the one wearing the Fullers tie

Let me know and we will look after you

DJC

P.S I don't work for fullers just cheeky investor that was given a goody bag for
regularly attending the AGM.........Sad ay !!!!!!!!!!

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