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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
|
|
|---|---|---|---|---|
| 0.25 | 0.64% | 39.10 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.60 | 38.45 | 39.40 | 39.10 | 38.85 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 24/7/2024 08:08 by waldron Forthcoming eventsPlease find below the forthcoming reporting dates for Marston's, which are also available on the investor calendar on our website - Year-end trading statement 9 October 2024 2024 Preliminary results 3 December 2024 Marston's PLC |
Posted at 24/7/2024 07:00 by skinny Trading updateAll sale comparisons are compared to the same period in FY2023. Year-to-date, like-for-like sales increased by 5.2% and total retail sales in the Group's managed and franchised pubs increased by 6.2% as our portfolio of well-invested community pubs continues to demonstrate its appeal. Like-for-like sales increased by 2.4% in the 16-week period to 20 July 2024, compared to the same period last year. We have seen considerable uplift from Euro 2024, with like-for-like sales for the week of the semi-final and final matches rising by 8.0%. This has helped to lessen the impact of recent unseasonably wet weather and a particularly strong comparative period last year. We continue to see positive momentum across both food and drink occasions. Food sales have been particularly encouraging, with changes to our menu proving increasingly popular with guests. Carlsberg Marston's Limited ('CMBC') As announced on 8 July 2024, the Group agreed to the sale of its 40% interest in CMBC to a subsidiary of Carlsberg for £206 million in cash. This strategic and transformational transaction will enable Marston's to become a focused, pure-play pub company and supports a significant reduction in the Group's net debt to <£1 billion in a significantly accelerated timeframe. The transaction is expected to be accretive on adjusted earnings per share. On 11 July 2024, the Financial Conduct Authority confirmed the changes to the UK Listing Rules, one of which means that shareholder approval is no longer required for Class 1 transactions. These changes are due to come into effect on 29 July 2024. The Board can therefore confirm that its intention is to waive the requirement for the transaction to gain shareholder consent when the new UK Listing Rules come into force. Completion of the transaction is targeted for 31 July 2024. Further announcements will be made as and when appropriate. Outlook Debt reduction remains a central focus for the management team and we intend to put financing in place that is better suited to the new level of leverage in due course. Marston's will provide an update to the existing capital allocation framework at an Investor Day in the autumn. The trading momentum seen year-to-date provides the Board with confidence that, adjusting for the impact of CMBC, performance will be in line with market expectations. Commenting, Justin Platt, CEO said: "The continued positive trading momentum carried through from H1 has been encouraging. This is a testament to the focus and energy of our team, who are dedicated to giving our guests the very best pub experiences. The disposal of our 40% stake in CMBC marks a pivotal step for Marston's, allowing us to become a pure play hospitality business. I look forward to delivering on the opportunities a focused pub business will provide." |
Posted at 09/7/2024 14:30 by my retirement fund Well, that's one view. However, patient investors underwater will eventually be rewarded for not selling out. The debt is decreasing, but per unit turnover and profit is improving. The last 2 years of 15% retail price increases are a perment rise. |
Posted at 09/7/2024 14:11 by dexdringle ....especially as it doesn't pay a dividend so under water investors aren't even being paid to wait.Essentially, the business is incapable of making a profit from the £600 million of net assets. So the assets may as well be sold, the debt cleared, and the £600 million net capital returned to the owners who can then put it to work somewhere else. |
Posted at 09/7/2024 13:19 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! |
Posted at 14/5/2024 17:05 by alan@bj A summary of the view from Investors' Chronicle:-Perhaps the most encouraging feature of the results was the 170 basis point increase in the underlying pub operating margin to 12.3 per cent. Ongoing efficiency programmes are having the desired effect despite input inflation and wage growth. That’s welcome progress, but the overriding debt issue explains why the shares trade at a monumental discount to net assets. It will take more than a good run by the England football team to alleviate pressures on that front. Hold. |
Posted at 09/5/2024 13:34 by gkace Daily Mail: Marston's: Value £175mShare price down 92pc since peak in February 2007Interest may also be brewing in pub and hotel group Marston's, where shares have almost halved from their peak.Rival Wetherspoons is booming as punters flock in for cheap pints, but rivals such as Marston's are having a much harder time.Having suffered badly during Covid, shares are still languishing well below pre-pandemic levels and are down another 17 per cent so far this year.Victoria Scholar, head of investment at Interactive Investor, cited Marston's as a potential target.In 2021, the group snubbed a £666million approach from private equity. At the time it said it significantly undervalued the British pub operator.Marston's the brewer of Pedigree, Hobgoblin and Lancaster Bomber beer said this was the firm's third takeover proposal.Marston's first started out as a family business over 180 years ago and today has 1,400 pubs and around 11,000 employees across the UK. |
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 19/3/2024 11:44 by fenners66 "Heatseek7719 Mar '24 - 10:23 - 7108 of 7108 all business are having to deal with min wage" All businesses ? Yeah when if I want a private operation - the surgeon and his staff are all on minimum wage too... not. 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 drink in 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 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. |
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