Marston's Share Discussion Threads

[mhw28865] 08/4/2010 08:01

I did tell you all and said 120p would not be far off in next couple of weeks ;-) so we looking at a nice rise today after all the buy recs today ?

[timbo003] 08/4/2010 07:37

I liked that trading update, oh yes!

I think we are going up.

Meanwhile, here's some commentary from the press:

[diku] 07/4/2010 22:34

More buy recommendations from today's trading update..

07-Apr-10 Marston's MARS KBC Peel Hunt Buy 97.05p 120.00p - Reiteration
07-Apr-10 Marston's MARS Altium Capital Buy 97.05p - - Reiteration
07-Apr-10 Marston's MARS Daniel Stewart Buy 97.05p 113.00p - Reiteration
07-Apr-10 Marston's MARS Seymour Pierce Buy 97.05p 120.00p - Reiteration

[diku] 07/4/2010 22:29

With this share the 120p is so near...though it feels soooooo much further away!...have I got that right way round?...

[evox] 07/4/2010 22:09

KBC Peel Hunt is holding off changing its earnings forecasts for brewing and pubs group Marston's ahead of the general election, but has hinted that upgrades could be on the way following Marston's trading update on Wednesday morning.
"Further progress on the new build programme, and consistent underlying trading, lay the base for next year's 11% forecast earnings growth, which compliments the 6% yield," KBC analyst Paul Hickman said.
The broker has a 'buy' recommendation on the shares with a price target of 120p.

[evox] 07/4/2010 19:36

The barbecue summer will help : remember you heard it here first ;o)

[jeffian] 07/4/2010 15:18

We are as one, M.

[milacs] 07/4/2010 12:12

jeffian

Historical p/e 10-15.

Therefore at 10p share price 150p looks tops.

I like the chart.

M

[5dally] 07/4/2010 10:28

Yes doing well this morning :-)

[mhw28865] 07/4/2010 10:23

and we are off hopefully we can break the £1 barrier today ;-)

[jeffian] 07/4/2010 10:18

Yes, good steady trading update and nice to see trade stabilising in the tenanted estate which has been a nightmare for brewers/pubco's these last few years, but just a couple of points arising from wskill's post 568 -

"far too cheap at under £1 should be closer to £2 in my book". EPS last year around 8p and current year's forecast around 11p. £2 would represent a historic PER of 25 and a 2010 projected PER of over 18 with not much growth anticipated (at least, by the analysts) in 2011. That's pretty hot for a sector which has averaged about 14 over the long term. If it returns to trend I can see 150-ish but 200 looks a bit hopeful IMHO.

"hopefully we can start to grow the dividend again in the near future." Well not in the near future. They have already said in their Rights Issue prospectus that they will "re-base" (i.e. 'cut' to you and me) the 2010 Interim divi and going forward are aiming for a divi 2x covered by eps. Analysts forecasts are for 5.86p in 2010 and no growth in 2011.

I hold.

[diku] 07/4/2010 10:16

Any chance this touches the magical 100p intraday?..

[whackford] 07/4/2010 07:57

Good RNS.
I can see these now heading towards the £1.20 someone mentioned. GNK have gradually nudged up, but I see MARS as a better bet at current share price

[wskill] 07/4/2010 07:12

Looks good to break through the bollingers far too cheap at under £1 should be closer to £2 in my book ,well done to the management to stick to their guns and not follow the herd ,hopefully we can start to grow the dividend again in the near future.

[mhw28865] 07/4/2010 07:04

Pretty good trading update all possitives should be good for a move up today ;-)

[diku] 06/4/2010 14:11

Punters still on Easter break...volume very light here and across the board..

[mhw28865] 06/4/2010 13:09

no chance if it had we would be a lot higher seems to be v slow today was expecting more !!

[diku] 06/4/2010 13:06

Has the trading update info leaked?...

[mhw28865] 01/4/2010 19:42

Whackford, Yes the ladybird is way above budget like most of the new builds and the honeybee in aylesbury is flying and has not slowed down since opening begining of December, I can see a very good update but not so possitive about the goverment bit lol more chance of w.nking the pope lol

[diku] 01/4/2010 15:08

Nice to see MARS recovering some of yesterday's sympathy loses..

[stevefoster] 01/4/2010 13:19

I've observed The Ladybird while coming and going from Tesco next door. It's always appeared very busy.

[whackford] 01/4/2010 12:40

MHW - the one at Caterham (surrey), The Ladybird.

Bought bmore yesteday in hope of good RNS next Wednesday. And in hope of a better - more sympathetic- government in due course.

[mhw28865] 01/4/2010 08:09

is that the one in aylesbury ? Whackford

Thats one that has been doing fantastic and a couple of others have been taking some silly money. I was at a meeting the other day and was told how well they have been doing since jans cold spell and they have decided to pull some of the offers out of the estate. Would only be doing that if sales and profit were stabilising. Will be a v good update brought back in ready and waiting ;-)

[whackford] 01/4/2010 08:08

MHW - I agree with your opinion that we're likely to get a good trading update next Wednesday. One of the new pubs I know has been doing good business since opening last December - so if that's a guide I'm hopeful.

[evox] 31/3/2010 20:58

Trading update next Wednesday