Marston's Share Discussion Threads

[westcoastrich] 22/4/2009 10:05

good news in the budget methings....beer duty being reduced? yum yum

[cockneyrebel] 22/4/2009 09:49

Catch it while you can, look at all that sun out there. Current trading come the results should be well up on last year when we had grey sky and rain day after day.

CR

[cockneyrebel] 21/4/2009 10:26

Yep, and all this sunshine doing no harm at all - cracking trading statement here days ago, was up 17p on it but gave it back just because some dipstick sold into it - there's a lot waiting to catch the next move up imo.

Cracking yield still and a fabulous growth record together with a yield of 13% compound over 30 years!

Quality doesn't normally come this cheap.

CR

[elmfield] 20/4/2009 08:48

I agree,
Can find quite a bit of value in the well run pub groups!

[cockneyrebel] 20/4/2009 08:39

Pubs full round here at the weekend - sunshine and footy - bet like for likes with last year's carp weather are starting to look good - especially if we are staying in the UK more

CR

[cockneyrebel] 17/4/2009 13:50

Starting to cook here imo, I can smell the hops!

CR

[cockneyrebel] 15/4/2009 12:42

Sorry, not got a link wackford tho I have seen it and it's upbeat.

Some dud fund selling into the rally today I expect and destroying their shareholders' value even further.

KBC note emphasises the reliability and commitment to the divi here by the way.

CR

[whiterussians] 15/4/2009 11:58

Im getting ready to bang into these

[cockneyrebel] 15/4/2009 07:39

0637 GMT [Dow Jones] Marston's (MARS.LN) trading update is "very good," and its shares should continue to rise Wednesday morning, KBC Peel Hunt's Paul Hickman says. Like-for-like sales +3.1% in last two months and two days to April 13 from a year earlier, "without a major impact to margins," says Hickman. Adds the update is "very much" what he'd been hoping for. Marston's and Enterprise Inns' (ETI.LN) recent trading statement shows there's "some health" in the low ticket pub market, which bodes well for the next few months heading into summer. Hickman has a buy rating on Marston's and 180p target price. Stock Tuesday closed 2.8% higher at 157p. (LEV)

[cockneyrebel] 15/4/2009 07:34

Good statement out today, seeing an improvement.

These are cheap imo - lovely yield still.

CR

[cockneyrebel] 10/4/2009 13:56

:-)

I thought it was interesting that the upgrade came just prior to the trading statement next week. These brokers usually have a pre-results/statement chat with the co - I'm sure they get a little 'feel' for how things are going from that chat.



CR

[cockneyrebel] 08/4/2009 14:06

1252 GMT [Dow Jones] KBC Peel Hunt upgrades Marston's (MARS.LN) to buy from hold. Thinks Marston's represents the best of the traditional pub model, with a clear focus on income, backed up by a secure balance sheet. On a prospective PE of 8x and yielding 6%, the brokerage thinks the shares remain oversold on misplaced balance-sheet concerns. "Both in terms of covenants and repayments, we believe that it has adequate headroom," says the brokerage. Increases the price target to 180p from 110p. (ANT)

[cockneyrebel] 06/4/2009 11:47

Sun's out - pub co's are up.

With such a crumbty summer last year lik for like sales must be easier to beat imo.

CR

[cockneyrebel] 05/4/2009 20:42

By th way the divi is 13% compound over 30 years according to Small Co Sharewatch - quite an achievement. Don't know what the capital growth has been in that time but £100 invested 30 years ago is now paying share holders £51 a year in dividends.

[cockneyrebel] 05/4/2009 16:47

It's not just the booze tho sportbilly - tho Marston's is sold through supermarkets so as a brewer they are hedged to some extent.

What's important here is the restaurant side of the business and many are trading down from expensive restaurants to cheaper 'pub-grub' which benefits Marstons.

We are also currently seeing better weather. Last summer was the worst washout in decades even tho the year before was bad too - can it really be as bad as that again? A bit of warm weather and the like for likes will be rather good imo.

These broke out last week - no resistance till £2 now. They have a fantastic long term record of growth of earnings and divi that can't be ignored imo and they seem desperate to maintain it.

I'll keep holding, especially after the break out.

CR

[sportbilly1976] 03/4/2009 09:19

CR,

I think they may find to replicate a 12% earnings growth over the past 12 months difficult....

Most of my friends would rather spend £6-7 on a bottle of wine and stay in than go out and get charged £3 for a pint and nearly £5 for a spirit & mixer or a glass of wine....

...thats why they complain about supermarkets....although I go out one night a week very few pubs can rely on one good nights income to pay all their costs.

This looks one company where the fundamentals contradicts the technical analysis

[cockneyrebel] 02/4/2009 19:21

wackford - yes, very undervalued seeing they've grown earnings for about 25 years or something @ 12% ave.

This is one pub that's still to fly.

CR

[whiterussians] 02/4/2009 10:59

190p target, then 240p

[sportbilly1976] 02/4/2009 10:09

Seems to have broken out nicely...200p would seem a reasonable short term target

[cockneyrebel] 02/4/2009 08:54

Look at that breakout - loads coming here soon imo.

CR