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MARS Marston's Plc

28.50
1.15 (4.20%)
Last Updated: 08:20:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marston's Plc LSE:MARS London Ordinary Share GB00B1JQDM80 ORD 7.375P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.15 4.20% 28.50 27.30 27.85 28.50 28.50 28.50 19,067 08:20:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Malt Beverages 885.4M -9.3M -0.0147 -19.39 180.73M
Marston's Plc is listed in the Malt Beverages sector of the London Stock Exchange with ticker MARS. The last closing price for Marston's was 27.35p. Over the last year, Marston's shares have traded in a share price range of 25.80p to 39.35p.

Marston's currently has 634,148,510 shares in issue. The market capitalisation of Marston's is £180.73 million. Marston's has a price to earnings ratio (PE ratio) of -19.39.

Marston's Share Discussion Threads

Showing 9976 to 10000 of 10000 messages
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DateSubjectAuthorDiscuss
15/4/2024
02:57
On the face of it, Stonegate's balance sheet looks weaker than MARS.

They have around 2x the revenue and operating profit, about 2.5x the debt, and much lower reported NAV.

boffster
14/4/2024
22:11
Aye. I was an EI shareholder. Quite glad to be out now!
jeffian
14/4/2024
21:20
Borrowed funds to buy Enterprise Inns just prior to covid I think.
fenners66
14/4/2024
18:09
Largely freehold.
Mainly tenanted but also managed houses.
They don't brew or distribute; they buy wholesale at discounted rates for volume from the large brewers and sell into their tied estate at a margin.

jeffian
14/4/2024
17:55
Stonegate article in todays Telegraph.
Trying to get a read across to Marston.

They had a small operating profit but interest rate charges on debt were a hefty £301m.
Leading to a substantial loss.

Hard to find the net asset position, I wonder how many of their pubs are owned?

Seem they have a different business model and client base to Marston.

careful
11/4/2024
08:50
fenners that's with S&L though... Marstons have to wait and see 🤔
heatseek77
10/4/2024
22:21
Surely there has to be a point at which someone comes in and takes them out?

Please.

jeffian
10/4/2024
18:27
How helpful
Based on nothing

barnes4
10/4/2024
13:37
20p Soon !
chinese investor
10/4/2024
09:45
Marstons may have much longer average duration of debt - but its the poor trading that is highlighted
fenners66
10/4/2024
09:44
Which is not even due to be refinanced until 2025.

But it highlights something that has been annoying me for years.
Debt always gets renegotiated and renewed Early.
There is mostly a penalty for doing so and a writeoff of unamortised finance charges - often seperated out as exceptional items , despite everyone knowing its going to happen to most debt tranches.

fenners66
10/4/2024
09:39
"Stonegate Pub Company, the UK’s biggest pubs and bars group, has warned there is no guarantee it can continue as a going concern, as it struggles to refinance a £2.2bn debt mountain".
dexdringle
09/4/2024
21:13
Stonegate (slug and lettuce) 4000 pubs struggling re finance £2bn of debt.
The whole sector is struggling but after the big shakeout the survivors should prosper.

Nervous times, here hoping we come through this difficult post Covid period.
Management must work on reducing debt.

careful
05/4/2024
13:53
Market cap is about £165m.

A share price of 26p against so called net assets of over 100p per share looks odd.
There is the debt, and interest rates and cost of servicing debt needs to come down.

Someone knows something we don't. we need an update, May is a long time to wait.
Financials here are always complicated.

The share price is suggesting we are in serious trouble.
Tempting for the contrarian.

Revolution Bars Group situation does not help sentiment.
They seem to be a a hopeless position.
A much smaller operation.

careful
02/4/2024
21:15
Revolution are small and are strugglig for survival.
About 88 outlets.

Net assets 1 jul 2023 were negative;

Assets. £140m
Liabilities. £ 185m
net assets. minus £45m.

not healthy, but the whole sector is struggling.
Some decent weather would help.

careful
02/4/2024
20:48
Revolution Bars suspended pending publication of their interim accounts.
I could understand if there was a delay to publishing audited finals but not so much the interims.

Any relevance here?
Only maybe its another pub group with difficulties and there are industry wide problems...

fenners66
02/4/2024
15:52
Aye, and over £2bn of property assets. Why?
jeffian
02/4/2024
11:59
Does it not have over a billion in debt?
reallyrich
01/4/2024
15:56
Someone will buy this, sit on it for 2 yrs, then sell the pubs chain for £300m+. Make a small profit and keep the the brewery arm as a free income of approx £30m a year.

Hell, I might even do that myself :)

hamhamham1
01/4/2024
15:09
In the meantime, Mr. Market will not give you any return on your investment and only pay out 28p in the £! It's not a compelling investment case and it remains to be seen whether the current management can unlock the NAV which seems to have eluded the previous lot for years.
jeffian
01/4/2024
14:29
Above are the 2 reasons I hold these!
hamhamham1
01/4/2024
14:28
Property and net assets

Net assets were £640.1 million (2022: £648.1 million), with net asset value stable at £1.01 per share (2022: £1.02).

hamhamham1
01/4/2024
14:26
Carlsberg Marston's Brewing Company (CMBC)

Income from associates was £9.9 million (2022: £3.3 million), which is the Group's share of the statutory profit after tax generated by CMBC. CMBC's results show an improvement from last year.



Dividends from associates of £21.6 million were received (2022: £19.4 million), the prior year dividend having primarily resulted from one-off working capital movements. We remain confident that we will continue to receive future dividends from CMBC as its trading continues to improve.

hamhamham1
29/3/2024
20:39
Like when some say they bought xyz amount of shares...really...
diku
29/3/2024
13:16
You are too observant, I am a private investor so I cheat now and then.
careful
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