Marston's Share Discussion Threads

[jeffian] 21/4/2023 19:04

We can but hope!

[the imperialist] 21/4/2023 15:18

Any talk of a takeover got legs?

[boffster] 18/4/2023 00:07

One benefit of the Carlsberg-Marstons merger that may not be obvious is the potential to compete against the likes of Heineken and Molson Coors for the free trade.
Hard-pressed publicans don't really want to mess about dealing with lots of suppliers and the ability to be able to source a good variety of keg and cask products from the one source (assuming the role of 'main' supplier) is really quite valuable

[knowing] 13/4/2023 14:54

Wolverhampton-based Carlsberg Marston's Brewing Company buys UK rights for Kronenbourg 1664

[cupra kid] 13/4/2023 08:48

Interims due in May might give a better idea of how things are at present. A lot of restructuring going on so would be nice to get an update of sorts.

[123trev] 05/4/2023 10:54

Well went with the wife yesterday for a carvery haven’t been to the local Marstons for quite a while but didn’t expect what awaited. The place a few years ago before Covid was always rammed but is now virtually empty the food certainly not as good and run down needing a spruce up and a paint job outside would I go again definitely not and by the looks of things I’m following a trend.

[currencytrader1] 31/3/2023 12:40

Demise of another British pub chain...

[redartbmud] 31/3/2023 12:01

Marstons have under performed since the days of the discounted 60p rights issue.

red

[darrin1471] 31/3/2023 09:58

GLG. Depends upon when they started to open the short. They only have to declare above 0.5%
Mars have underperformed YTD.

[redartbmud] 31/3/2023 09:44

Mars are in a vice and have been for several years now.
A debt level of £1.4 billions in a misfiring business, well before covid was very serious.
When the Chairman came in he was going to do wondrous things to improve debt.
Since then the business had had a significant downturn. Thr brewery tieup has only kicked the can down the road.

Bunch of clowns with no idea.

red

[alan@bj] 31/3/2023 09:04

GLG's short was well-timed, then.

[the imperialist] 31/3/2023 07:46

De-risked!

[chinese investor] 31/3/2023 07:27

My Share For 2023 !

[darrin1471] 29/3/2023 17:36

GLG Partners LP have declared a short of 0.5% in MARS.
They were previously shorting MARS between Oct 2019 and Dec 2021.
GLG currently have 52 declared shorts.

[m_kerr] 28/3/2023 19:12

wasp - incredibly, shepherd neame navigated the pandemic without needing to raise equity, and without debt ballooning. they did sell some assets though, like marstons. shepherd neame looks a pretty stable, decently well run business to me.

read across on the brewing operation would suggest profits at carlsberg marstons are under severe pressure. early days but it seems to be struggling, when you'd hope the pandemic hangover would be well behind them. i stand by my view that marstons have diluted the quality of their brewing operation with the structurally declining mass market carlsberg portfolio. enough of the beer puns!

[bookbroker] 23/3/2023 12:58

Not helping here, debt levels unsustainable even backed by large assets.

[waspfactory] 23/3/2023 12:29

Nice to see Shepherd Neame revenues up 8.4% and pre-tax profits up from £3m to £3.5m.

[libertine] 22/3/2023 10:45

Morgan Stanley Holding increased from 5.006% to 6.154%

[dogwalker] 16/3/2023 22:58

Ironically, I don't think GK's 'regional' brands are all available locally in Bury st Edmunds where they're brewed. So, national by name as well as nature.
I haven't recently been to every pub in Bury though.

[m_kerr] 16/3/2023 19:47

dog walker - greene king have an good range of beers, the brands are more national than regional IMV, and for that reason it doesnt matter where they are brewed.

on second thoughts i think you're both probably right. it's nice to have regional breweries dotted around the country, but economic reality is that they need to consolidate production, as has happened in most other industries.

the danger you reference already exists ldavis, as you say. the top 3, Heineken, AB Inbev and Molsoncoors control a high percentage of the market, and all produce generic beer, putting all their efforts into building brands.

[ldavis] 16/3/2023 11:48

Most people are more concerned about the style, taste and quality and price of the beer rather than exactly where it is brewed. Obviously you will get some who would prefer to support small independent producers rather the huge conglomerates and in the cask ale market there is more of a demand for variety which doesn't benefit from larger scale brewing.

The danger is that for 'efficiency' we end up back with the market dominated by a few , consistently bland beers possibly only differentiated by the branding. There's a few cask ales that I used to like and would always choose when they were only occassionally available outside their immediate locality but now that they are brewwed on a much larger scale and available everywhere are my choice of last resort as they are not the same as they used to be. There are some which haven't suffered from becoming more ubiquitous but not all.

[dogwalker] 16/3/2023 08:35

Has Greene King had a problem from doing its brewing at one site, Bury St Edmunds,after buying a string of regional brewers over the years?

[jeffian] 15/3/2023 15:46

#6380,

Looking at the merger documents, the claimed synergies seem to be mainly in the areas of logistics and 'cross-selling' opportunities. We'll see. But the real problem on the production side is that MARS operate from up to 6(!) breweries, keeping open many of the smaller ones acquired with niche brands like Jennings etc. and this cannot be efficient. The obvious solution would be to centralise brewing but I'm not sure that the 'image' of the regional brands would stand that (although moving Young's production to the Charles Wells brewery in Beds seems to have worked).

[chinese investor] 15/3/2023 13:02

Bad Down Channel !