Marston's Share Discussion Threads

[racg] 22/10/2017 11:58

Oh yeah?; why so?

[dogwalker] 22/10/2017 07:15

Just need to buy Shepherd Neame next.

[racg] 22/10/2017 06:03

Increasing my holding. Increasingly confident it can maintain dividend.

[zcaprd7] 20/10/2017 15:42

Mostly tax and duties the difference between pubs and tescos?

[rcturner2] 20/10/2017 14:35

Tesco is your friend. I've said it before. Very cheap beer.

[essentialinvestor] 20/10/2017 14:30

No bloody wonder pubs are having some difficulties!.

[dogwalker] 20/10/2017 14:22

Shepherd Neame are chipping in with a cheap one : Bishop's Finger; 5.4%; £1.25.

[zcaprd7] 20/10/2017 14:05

I've noticed all the cheap beers/ales are Marston's brewed e.g. The English pale ale.Also the Wychwood Brewery stuff, Firecatcher, Hobgoblin etc.All between £1 to £1.25 bottle. I imagine the glass and transport costs must be a a large part?

[skinny] 20/10/2017 13:43

Not the best beer in their armoury !

[yf23_1] 20/10/2017 13:36

How do they do Banks's bitter in 500ml bottle for 90p ??
Margins must be rubbish - pressured by supermarkets ?

[lurker] 19/10/2017 13:05

Added (again)

Buying these from 113 to 103, and again at 107

[neilyb675] 18/10/2017 12:37

Added✔

[arf dysg] 13/10/2017 15:48

I'd like them to fill the gap at £8/share. I predict that if that gap is filled, my fortunes will improve markedly.

[spacecake] 13/10/2017 11:36

Still showing a weak response to the latest update, plenty non believers out there.

[11_percent] 13/10/2017 11:04

Few gaps to be filled.

[speedsgh] 12/10/2017 12:42

Consumer concerns priced in at Marston’s, says Peel Hunt -

The weather meant fourth quarter trading at pub retailer Marston’s (MARS) was poor but Peel Hunt said the market has priced in any concerns about consumer confidence.

Analyst Douglas Jack retained his ‘add’ recommendation but reduced the target price from 140p to 125p. The shares jumped 3.6% to 107.8p yesterday.

Over the past year like-for-like sales increased 1.6% despite the difficult final quarter.

‘Trading was tough in the fourth quarter, mostly due to poor weather, but we are holding our full-year forecasts, which allowed for this,’ said Jack.

‘Over the next few months, there should be greater clarity on the extent to which weather rather than consumer confidence undermined pub trading in July-September. With the shares offering a 7% dividend yield, we believe the market has priced in it being a consumer problem.’

[lord gnome] 12/10/2017 11:48

IC renews its 'BUY' rating on MARS

A lackluster trading update following a wet summer was the latest gloomy news to come from Marston’s (MARS) earlier this week. But, while the company will undeniably suffer from any Brexit-related economic slowdown, can this really justify an equity valuation on a par with early 2010, based on price-to-earnings, price-to-sales and dividend yield? Back in 2010, as the market struggled back from the worst sell-off in the past 30 years, the economic pain was extremely real and there were doubts about the very viability of the financial system.
We think the market may have gotten ahead of itself in pricing-in woe. Indeed, for its part, Marston’s is looking to make £5m of cost savings and remain disciplined on pricing to keep margins up next year, while also slightly scaling back planned openings (15 pubs and six lodges from 20 and 10). That's hardly preparing for Armageddon.
IC View
True, there is considerable uncertainty about the outlook for the UK economy. But trading at seven times forecast earnings and offering a 7 per cent yield, we think the future is unlikely to be quite as dire as suggested by Marston’s current rating. Buy.

Last IC View: Buy, 142p, 19 May 2017

[skinny] 12/10/2017 11:39

That's not a

I just picked up their ' curry - the beer will go well with that!

[the deacon] 12/10/2017 11:34

What are people's thoughts of a long term position from here? Dividend safe for the foreseeable?

[bookbroker] 12/10/2017 10:51

What about Landlord?

[bookbroker] 12/10/2017 10:51

A good offer, better get in there, just check that they have reduced the contents of the bottle!

[pherrom] 12/10/2017 10:35

6 bottles of Pedigree for £6 in Morrisons this morning.

[nw99] 11/10/2017 12:27

I am in looks good

[olliemagern] 11/10/2017 11:51

Exel, sales and profits will be up because of investments and inflation.
But its the first sentence of the update that intrigues me.
"Growth in ... earnings" suggest eps more than last years 14p.
Inferring earnings will be higher than the current 13.7p broker f/c. at around 14.3p is my estimate..

[exel] 10/10/2017 20:44

" Outlook
"Sales and profits for the year are ahead of last year, and we target further growth in 2018. There is no significant change to the cost trends highlighted previously, but we have identified cost savings of approximately GBP5m per annum including the recently announced reorganisation of the pub operational structure, demonstrating that we are alert to opportunities to mitigate ongoing cost increases."

Ralph Findlay, Chief Executive Officer, commented:

"Our priority is to focus on quality, service and standards. We are well placed to continue to implement our growth strategy through investment in higher quality pubs and bars and through our unrivalled beer brand range supported by high customer service standards."

It was stated somewhere above, on this thread, that there was no mention of 'profit' - but there was, see above para, first sentence: "Sales AND profits for the year are ahead of last year, and we target further growth in 2018". I was quite happy with that, all things considered. Have I misunderstood?