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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
|
|
|---|---|---|---|---|
| -0.50 | -1.79% | 27.45 | 16:35:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 27.00 | 27.00 | 27.65 | 27.45 | 27.95 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
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 29/3/2024 13:16 by careful You are too observant, I am a private investor so I cheat now and then. |
Posted at 29/3/2024 08:41 by careful Red cat reporting administration move.It seems the whole sector is shrinking. MARS at market cap of just £180m, with 1400 pubs assumes the worst. Hoping that they manage to reduce net debt to target £1bn by improved cash flow and good trading, plus selected asset disposals. If they manage this well there could be big gains here, but it will be a grind. Eye watering assets in excess of £2bn should help. Reading JDW thread to get a feel. A different culture and approach with 4 times the market cap of Mars, twice the turnover, fewer pubs and a lower net asset value. With these companies there are often complex financial arrangements such as interest rate swaps which the private investor cannot hope to understand, but we live in hope. |
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 11/2/2024 12:38 by jubberjim Will sleep a lot better when this manages to break up through 35 but is not looking good to meNew years resolutions over and done with with very little upside evident so far . We are now fast approaching the run up to Easter with again similar abstinence resolutions for the next month or so. These shares and others have been in hibernation and I don t believe in any significant change for the better anytime soon. Hopefully when the new tax year dawns investors will wake from their slumbers and again partake . Has been a long hard winter so far. The sock drawer is feeling the cold Hanging on for time being. Good luck |
Posted at 25/1/2024 07:44 by ny boy As a potential investor, you certainly need to carry out due diligence over the property portfolio £2Billion 🤔 They have been selling off valuable sites over the years and what percentage remaining is Freehold.so many other pub have closed and rivals have been closing and selling off assets. A lot of NAV’s around today are highly ambitious imoSector facing higher staff costs, energy costs gen Z are drinking less alcohol and more non alcoholic drinks, have to ignore Christmas it need to be a blow out one, it what happens over the next few quarters. I will carry out some more research and look to possibly take a position when equity markets correct after this Santa rally |
Posted at 15/12/2023 09:22 by careful 'the biggest majority of their customers are struggling'...?This is a myth. Most people are doing well, wages are at an all time high, millions of highly paid public sector workers save the cost of the commute so they can walk the dog, and we old investors make a shed load pushing money around and also get a fat interest rate on our savings. Everyone is going on holidays, driving blingy cars so little wonder the better pubs are packed. All of this excessive publicity given to the struggling bottom 20% in our society distorts the picture. "Loadsamoney" as Harry Enfield used to say. |
Posted at 14/12/2023 17:40 by janekane jeffianIt’s doubtful any institutional investors would look at a company with 1.6 billion debt and the financial crisis hitting mortgage holders The boozers always bear the resulting lack of funds by the biggest majority of their customers struggling to pay monthly payments and the result is a lower revenue stream for Mars |
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. |
Posted at 13/11/2023 20:07 by waldron Cashflow and FinancingNet borrowings (excluding IFRS16 commitments) as at 30 September were £1,185 million, £31 million below last year and £19 million lower than H1. We are targeting debt reduction of £60-70 million in FY2024. During the year we generated £55 million of non-core pub disposal proceeds (net of VAT). We have concluded a further strategic assessment of assets and in FY2024 we expect to dispose of around £50 million of additional non-core properties. Our borrowing is largely long-dated and asset-backed. 93% of our borrowings are hedged and therefore not at risk of changes in interest rate movements that may occur during the year. Commenting, Andrew Andrea, Chief Executive Officer, said: “Two years ago, we set out our vision and strategy with a clear objective to create a simplified, high quality predominately suburban pub business, with minimal exposure to city centres where demand is more volatile. Operationally, we remain focussed on the core pillars of driving guest satisfaction in a great environment served by engaged and focussed teams, which remains relevant despite the macro challenges facing the consumer. The benefits of this strategy are now coming through. We are pleased that the strong tradingmomentum which characterised H1 of this year has continued into H2, culminating in a 12% like for like performance most recently. The simplification of the business, together with the extension of the franchise model into our food-led pubs, has enabled us to introduce additional efficiencies into the business, which will improve margins in 2024 and beyond, through improved sales performance and continued cost savings. We continue to make good progress across our key medium term strategic goal of reducing the Group’s borrowings to below £1bn, including the accelerated disposal of non-core pubs. An improving outlook in which cost headwinds are abating, together with the actions we have taken this year to drive further efficiencies, leaves us confident that Marston’s remains well-placed to continue to outperform in the current macroeconomic environment, grow revenue and profitability,as well as deliver improved margin in the year ahead.” Forthcoming Events Please find below the forthcoming reporting dates for Marston’s, which are also available on the investor calendar on our website - www.marstonspubs.co. 2023 Preliminary Results 5 December 2023 ENQUIRIES: Marston’s PLC Tel: 01902 329516 Instinctif Partners Tel: 020 7457 2010/2005 Andrew Andrea, Chief Executive Officer Justine Warren Hayleigh Lupino, Chief Financial Officer Matthew Smallwood Joe Quinlan NOTES TO EDITORS • Marston’s is a leading pub operator with a 40% holding in Carlsberg Marston’s Brewing Company • It operates an estate of 1,415 pubs situated nationally, comprising managed, franchised and leased pubs • Marston’s employs around 11,000 people |
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