Marston's Share Discussion Threads

[hamhamham1] 26/7/2023 09:31

Good update, so steady climb hopefully, yep 37p area gives a bit of resistance, but give it time.
Am looking at the 5 yr chart for longer term targets, rather than the weekly or monthly charts.

[heatseek77] 26/7/2023 09:24

Ham what's next prediction 😉 33p hit looking to 36/7p

[hamhamham1] 26/7/2023 08:15

Spread narrowed now, sell/buy prices both approx 33p, ready to move up IMO.

[chinese investor] 26/7/2023 08:11

Great Start !

[brucethegoldfish] 26/7/2023 08:02

A pretty solid trading update from MARS this morning.

I’ve a few local MARS pubs near me and whilst quieter earlier in the week they are booming from Thursday to Sunday.

If they keep up this trading momentum, I could see a gradual re-rate over next 12-months or so to double current share price.

[hamhamham1] 26/7/2023 07:41

Out of the 98p Net Asset Value, only about 5% of that is intangible assets, the rest is hard figures.
They have written off 90% of their intangible assets 3 years ago.

[hamhamham1] 26/7/2023 07:37

That's yesterday's performance.
It went from just under 33 to just under 32 yesterday. Closing around 31.85p

[grupo guitarlumber] 26/7/2023 07:31

London Stock Exchange - 11:35:06 2023-07-25 am EDT


31.85 GBX -3.04%

[grupo guitarlumber] 26/7/2023 07:30

Analysts' Consensus

Mean consensus
OUTPERFORM


Number of Analysts
9

Last Close Price
0.3185GBP

Average target price
0.4988GBP
Spread / Average Target
+56.59%

High Price Target
0.7500GBP
Spread / Highest target
+135.48%

[waspfactory] 26/7/2023 07:28

£1billion debt has been holding MARS back and it's great to see it being gradually reduced, £50 -£60m reduction in a year is quite an achievement. Like for like sales up 10% also good to see - a decent trading update that should see a positive share price move :)

[grupo guitarlumber] 26/7/2023 07:27

Currently it appears that the ENTERPRIZE VALUE EV is classed as being vastly superior to sp

Be interesting to see whether market today marks share price higher

[heatseek77] 26/7/2023 07:21

Morning Hamx3 yep with these results we should have a good run and follow wetherspoons and Fuller's north 👍🏻

[hamhamham1] 26/7/2023 07:06

Superb!!!!

IMO warrants 36p+ today at some point.

The company has a NAV (Net Asset Value) of 98p.

[hamhamham1] 26/7/2023 07:06

Marston's PLC issues the following trading update for the 42 weeks to 22 July 2023.

Trading

All sales comparisons are compared to the same period in FY2022.

Like-for-like sales for the 42-week period were +10.7% vs FY2022. Both drink sales and food sales have been strong, demonstrating the steadfast trading resilience of our predominantly community pub estate.

Like-for-like sales in the 16 weeks to 22 July 2023 were +10.9% vs FY2022, reflecting the warmer weather in June, which enabled us to maximise the return on investment in our outdoor trading areas undertaken ahead of the summer months.

Total retail sales in the Group's managed and franchised pubs for the 42-week period were +12.0% on last year.

The level of customer demand continues to be good, demonstrating that the positive experiences our guests have in our pubs is important and continues to drive demand.

As we set out in the Interim Results, we trialled rolling out the franchise-style model in 13 of our food-led managed pubs to complement the 717 wet-led pubs currently operated under this model. We are very pleased with the result of the trial, with sales growth exceeding our broader food business. As a consequence, we expect to grow the number of food-led partnerships to over 50 pubs in FY2024.

Outlook

Cash and debt

Dividends from CMBC are expected to be £11.0 million in H2 of FY2023.

Reducing net debt, excluding IFRS 16 lease liabilities, to below £1 billion continues to be a key focus of the Group's financial strategy and our progress is in line with expectations. We anticipate that net debt, excluding IFRS 16 lease liabilities, will have reduced by £50-£60 million at the end of FY2023. We expect the same level of debt reduction in FY2024.

Costs

As a consequence of pursuing the operational strategy of simplifying the business and driving efficiencies, together with a more positive outlook on input costs in FY2024, we anticipate being well-placed to navigate any consumer headwinds. We believe pubs remain an affordable treat and have consistently proved resilient to pressures on the consumer in previous economic downturns.

Looking forward, the Group will continue to invest in the future growth of the business and remains well-positioned to deliver positive trading from its community pubs across the UK.

Andrew Andrea, CEO, commented:

"Marston's has delivered another strong trading performance, validating the strategy we are implementing and demonstrating the appeal of our pubs. We are making good progress and are beginning to see the benefits of the actions we have taken in H1, simplifying our trading formats and repositioning our pub portfolio, as well as the investments we have made in our pub gardens and outside trading areas.

"In addition, we are encouraged by the success of the trial extending the partnership model into our food-led pubs. The trial has been positive and we will extend this model to over 50 food-led pubs in FY2024. Marston's pioneered the operator managed agreement in 2009, which now operates in over 700 wet-led pubs, and we are pleased to lead the evolution of this format and are excited about its future growth potential for our business.

"We remain focused on delivering on our debt reduction strategy and continue to make good progress in that regard. Whilst macro-economic challenges persist for the time being, we remain encouraged by the Group's trading resilience and that the pub remains an affordable treat for our guests. An improving cost outlook, together with the actions we are taking to maximise efficiencies, leaves Marston's well-placed to navigate through ongoing economic headwinds".

[dexdringle] 23/7/2023 16:19

5 Dec '07 - 16:12 - 1 of 6609

A very good long term buy at 330p IMO. Company mopping up £30m worth of shares before end 2007, so price unlikely to go much lower.

====/====/====/====/====/====

Above is the very first post on this thread. 16 years later we can see how well that went...

[hamhamham1] 23/7/2023 07:42

Who is the fukwit down ticker here?
Saddo :)

I got several down ticks from the same plank, who seems to even down tick this other posters post, when they just saying when the update is due..

Get a life!!!!

Trader46513 Jul '23 - 08:28 - 6600 of 6608
0 4 1
Marston's confirms that it will announce a trading update for the 42 weeks to 22 July 2023 on 26 July 2023.

[hamhamham1] 22/7/2023 19:15

All other pub companies have had a good rise in shares recently as well, next week will add 10% here IMO, let's see ;)

[iceagefarmer] 22/7/2023 15:08

there is a pub near me the dragon in willington doing a roaring trade on a thursday night and it is a relatively small village but managed extremely well..food pricey but superb and a pint of castle rock £4.60..it seems the cost of living rise isnt affecting some..

[hamhamham1] 22/7/2023 14:08

This week's gets a few updates from quite a few companies. Exciting times.

[skinny] 20/7/2023 08:06

Just a reminder :-

Marston's confirms that it will announce a trading update for the 42 weeks to 22 July 2023 on 26 July 2023.

[hamhamham1] 20/7/2023 07:46

Nice results from Fullers today, exciting times to hold here.

[mexico man] 19/7/2023 19:19

Hi all morrisons are selling wainwright's and pedigree £1 a bottle bargain 😀

[boffster] 17/7/2023 11:56

MARS have certainly had some success with the freehold sales, one local to me (rough and ready sort of wet pub) sold very quickly.

[trader465] 13/7/2023 08:28

Marston's confirms that it will announce a trading update for the 42 weeks to 22 July 2023 on 26 July 2023.