Marston's Share Discussion Threads

[luderitz] 15/10/2019 08:47

I agree SQ the drop seems over done, as you say MMs at it.

[skinny] 15/10/2019 08:46

And FWIW :-

Shore Capital Buy 111.73 Reiterates

Liberum Capital Buy 111.73 130.00 Reiterates

[septimus quaid] 15/10/2019 08:36

The message seems to be that the results are similar to last year (but that just happened to be a very good year, football, weather, etc).

Market makers up to their usual tricks, any excuse to drop the price and trigger stop-losses

[our haven] 15/10/2019 08:36

Poor results probably makes a takeover more likely, but at a reduced valuation. Not that much in it for shareholders now who bought in for a possible takeover and for shareholders like me for the dividend with a little growth, that is now under threat. If they want to speed up the debt reduction, that is likely to come at the cost to dividends and growth.Understand their need to reduce interest payments, was hoping that they would restructure the outlets to achieve that.

[gswredland] 15/10/2019 08:26

Very poor results

[skinny] 15/10/2019 08:00

Peel Hunt Hold 122.00 125.00 Reiterates

[spacecake] 15/10/2019 07:18

From todays trading statement...

Flat results, Flat outlook with the line...

"The guidance above does not reflect the impact of the new IFRS16 lease accounting standard, details of which we shall provide at the preliminary results in November."

About as inspiring as a fart in a crowded lift.

£40- £45m for 150 pubs, initial bids in by Sept 27th...

[davr0s] 30/9/2019 18:51

Delighted weakness due to press comment - as they generally don't know a lot and they just cause short term weakness

[gregsc] 30/9/2019 14:38

For those of us who do not subscribe to the Times.
Some comment from Sharecast on the article.

[cc2014] 30/9/2019 14:13

Oh well. 6% down on a Sunday Times article. I guess I should pay more attention to the press.

They can only sell them once though. He says... Trying to find some crumb of comfort in today's fall...

I could actually buy a few back since I sold about a third of my holding higher than this but that wasn't really in my plan. I'd much prefer the share price just went up this afternoon and ended positive as it's the last day of the quarter

[careful] 30/9/2019 13:48

Sunday Times advises 'avoid' yesterday.

A full piece not all negative but headed 'Marstons debt pile leaves a bitter taste'.
Refers to £1.4bn of debt.

Probably the reason for todays fall, punters selling after recent surge.
Recent rise because of Greene King bid.

[cc2014] 30/9/2019 09:20

The trade flow is a bit odd today.

The volume is high for 9:15 and we see sell after sell with the 'o' trades (like MARS has been downgraded somewhere), yet someone is soaking up every single sell generally paying 130.4 but sometimes a bit lower (if it gets too many fills too fast?)

Edit 9:25 : now the battle is at 130.3. someone certainly wants some stock

[2wild] 29/9/2019 13:51

Q3 trading was actually quite good, just looked poor compared to phenomenal Q318 trading which was boosted by exceptionally good weather and England's unusually good run in the World Cup. Markets have a short memory.

[jeffian] 27/9/2019 12:25

LOL, Skinny. Not really. I just meant that it isn't down to any improvement in the fundamentals, but a realisation that it is cheap and may attract interest on those grounds alone. Looking at the chart in the header, although it had begun to claw its way up from May, it collapsed again on the Trading Update in July (the fundamentals) and bounced on the announcement of the GNK bid in August. I don't think MARS are likely to produce any trading results which will set the world alight, but the hope remains that someone will have a pop at them. Please.

[skinny] 27/9/2019 12:02

Jeffian - that's almost positive from you on MARS! :-)

[davr0s] 26/9/2019 19:04

Dunno - I hold as it's trending up. It's all I need to know

[jeffian] 26/9/2019 19:03

Although it remains a sleepy old company toddling along with no great sense of urgency, it pays a very high dividend which looks reasonably secure at a time when interest rates seem stuck close to 0% for some time ahead, it is asset-backed, it is reasonably cheap, and with agreed bids moving ahead for both EIG and GNK and the FSTA brewery sale done, has the prospect that it is the only one left on the shelf for any roaming predators. In the meantime, competitors are producing results which prove, yet again, that the pub is far from dead. With all of that, it's quite easy to see why it is holding up.

[whackford] 26/9/2019 16:52

27 November 2019 date of annual results.

[nigelbarker] 26/9/2019 16:35

interesting the way this is holding up just topped up results due 15th October

[robertball] 26/9/2019 15:11

Mab read across

[cc2014] 24/9/2019 08:41

Buying looks a little strong this morning. Someone buying quite a bit of stock up to and including 130 very early in the day.

Having said that I sold a few at 129.8. Happy to hold on to the rest and see what whther this is the start of the next move up

[jeffian] 23/9/2019 11:15

No probs. It seems we're 'neighbours'!

[lindowcross] 22/9/2019 15:24

Jeffian @ 3188: you're right about the value of properties at Chiswick Mall - by the river Thames. It was lack of attention to detail on my part - I read your post as relating to property in Chiswick generally, but you were specific in your post. Sorry about that.

[lindowcross] 22/9/2019 15:19

For the record, I'm still of the view that Marston's range of brands are worth a very great deal of money and that the value of Fuller's brewery site for residential development would not have figured much, if at all, in the negotiations on the sale to Asahi (I think RICS surveyors couldn't take residential into account, unless there was planning permission granted or applied for) but I've changed my mind about where Asahi will brew "London Pride". It probably WILL end up being brewed in Slough or somewhere like that in the UK, but not for a decade or two. Moreover, it'll probably soon be brewed in Japan, other far eastern countries and all over the world. It will become a world-wide brand. That's what Asahi paid the big money for. Sadly, probably houses will be built on the Chiswick site - eventually. Perhaps they'll keep a small brewery on site for marketing purposes, retain the famous wisteria growing on their offices and flog the rest of the land for housing.