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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Marston's Plc | MARS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.45 | -1.20% | 36.95 | 10:09:43 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.15 | 36.75 | 38.15 | 37.40 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 18/10/2024 13:19 by tygwyg Well spotted... it's own category! Thx.Have https://www.marstons |
Posted at 16/10/2024 06:13 by waldron MARSTON'S PLC('Marston's' or 'the Group') CAPITAL MARKETS DAY NEW CHAPTER AS A LEADING PURE PLAY HOSPITALITY BUSINESS Marston's, a leading UK operator of 1,339 pubs, is today hosting its 2024 Capital Markets Day. Management will outline the Group's growth and financial strategy, including providing new near and medium-term financial targets. A recording will be available on the Marston's plc website at hxxps://www.marstons Strategic update and new near & medium-term financial targets Marston's Management team will present the Group's strategy as a leading pure play hospitality business. The updated strategy will drive a high-margin, highly cash-generative local pub company based on differentiated formats, and a brand portfolio that is naturally balanced to appeal across a range of consumer segments. The delivery of this strategy will centre on five key value drivers; · Executing a market leading operating model · Targeted investment to create five differentiated pub formats · Digital transformation · Expansion of managed & partnership models · Leveraging Marston's synergies in targeted M&A Our strategy will ensure we drive guest demand and deliver amazing pub experiences whilst maintaining our focus on best-in-class operations and cost efficiencies to expand the Group's profitability and cash generation profile. As a result, in the near to medium term we expect to deliver: · Revenue growth ahead of the market1 · EBITDA margin expansion of 200-300 basis points · Over £50 million recurring free cash flow2 · >30% ROIC on investment focused capex The delivery of the strategy and financial targets are underpinned by a strong balance sheet, with no material refinancing requirement for at least 10 years, and a disciplined capital allocation framework focused on enhancing shareholder value. Justin Platt, Chief Executive of Marston's, said: "Marston's is embarking on a new and exciting chapter as a pure play hospitality business. At today's CMD we are outlining a differentiated strategy for growth that is anchored in the needs of our guests and focused on driving sustained value for our shareholders. With a relentless focus on delivering amazing pub experiences, Marston's has a real opportunity to drive significant, incremental value in the coming years. We are very excited by the opportunities that lie ahead." [1] Market is forecast to grow at 3% CAGR, according to Mintel. 2 Free cash flow is cash flow after capex before debt repayments and excluding disposals. |
Posted at 13/10/2024 19:18 by wigwammer Yes should be interesting. They will be posting a recording on the website... "A recording of our Investor Day presentation will be available on the Marston's plc website at https://www.marstons |
Posted at 10/10/2024 17:54 by wigwammer A fenners classic near the all time lows. What a load of dross.. :)"Try and understand the nature of a business that is in a service industry that pays a lot of staff low wages or minimum wage.Their costs rise - out of their control.Their customers are discretionary.Their customers can stay at home and eat out less, can drink booze from the supermarket,and smoke with a drinkin their own homes whilst they cannot in the pub.Consider 1,293 pubs closed last year (per camra)The competition is fierce and you don't think that all the large investors have not considered the debt ?Why do you think the shares are close to an all time low then ? |
Posted at 10/10/2024 17:11 by wigwammer The only thing "us" investors have to thank you for, fenners, is getting people to part with their shares at the sub 30p lows. Your pessimism has proven abysmally misplaced, not simply because your analysis is poorly focused, but because you have no concept of valuation. Re cash flow analysis. Many will already have read the better post by geemoney on LSE. And he'd point out your obvious error (there's likely more than one) - you haven't taken out the CMBC dividend, which obviously isn't going to continue, is it? Amusing to see the confidence you have in your sloppy "research" however. Some of us have been pointing out the flaws in it for some time, and it appears the market agrees :) |
Posted at 10/10/2024 15:46 by fenners66 So were you investors just waiting for someone to put in some effort to work out the cash position?fenners66 10 Oct '24 - 11:24 - 7548 of 7551 "... IF .... then it may actually point to a better performance." share price seems to have shot up since then.... |
Posted at 10/10/2024 10:24 by fenners66 None of the "investors" have posted anything about how the "net debt" has fallen.Its almost as if they are not interested - my guess is , that doing actual research is not for them. Read the headlines and watch the chart... So I have had a bit of a look. Excluding IFRS 16 Debt they say has fallen from £1161m Mar 24 down to £855m Sep 24 A reduction on the face of it of £306m We are told a net £202m came from sale of the brewery business. Leaving £104m We were told they anticipated £40m from pub disposals second half. They were at 1395 pubs Mar 24 but now at 1339 Sep 24 So a reduction of 56 pubs so about £714k each Pub disposal first half £9.6m for about 15 pubs looks like about £640k each. So they may have reduced debt with cash from operations by £64m in the half. IF that is the case and assuming no further dividends , and depending on working capital movements - selling off all their brewing may come with some increased trade creditors thus improving working capital / cash we will have to see - then it may actually point to a better performance. I await the final accounts to see if there really is some. However the govts new workers rights , budget proposals for employers NI , return to expensive rates, increased alcohol duties and future living wage increases are all risks to come. |
Posted at 09/10/2024 06:31 by florenceorbis Forthcoming eventsPlease find below the forthcoming reporting dates for Marston's, which are also available on the investor calendar on our website - A recording of our Investor Day presentation will be available on the Marston's plc website at following the event. Investor Day 16 October 2024 2024 Preliminary results 03 December 2024 |
Posted at 03/9/2024 12:58 by ny boy Markets are incredibly over valued on ridiculous PE's Big investors have been selling Buffett is always a shrewd investor he knows when to off load select investments ..others followA rocky few months ahead, with plenty of volatility😯 |
Posted at 09/7/2024 12:19 by my retirement fund I'm guessing the company carries a lot of legacy investors holding losses from 80p or even £1.20ish levels. Some of these employees. There will be a lot of bitter investors out there! |
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