Marston's Share Discussion Threads

[socionomics] 08/7/2024 07:59

Should see a decent run to the 50-60p range.

[ny boy] 08/7/2024 07:57

Chinese Investor10 May '24 - 12:02 - 2275 of 2297
0 0 2
Pubs are opening up again !

Seriously 🤣🤣🤦🏻R05;♀️

[barnes4] 08/7/2024 07:55

Roar cos you sold KY boi

[ny boy] 08/7/2024 07:52

Desperate to raise cash, more family silver sold just to reduce the mountain of debt, shows they are not capable of entering into any long term JV and a loss annual dividends but they have glossed up the rns to dupe shareholders it’s a good deal, it’s not! 🤦🏻‍♀️

[careful] 08/7/2024 07:52

So we have about 1400 well run pubs and a manageable net debt of about £1bn.
looks promising, market should like it.

[darrin1471] 08/7/2024 07:50

Marston's PLC Disposal of 40% Stake in Brewing JV

Value-creating sale of interest in CMBC to Carlsberg for £206 million in cash

[my retirement fund] 08/7/2024 07:49

Janekane, they had a bid of £1.20 per share they turned down a few years ago. Bidders interested in this sector do exist, believe it or not.

[my retirement fund] 08/7/2024 07:47

It's in the hands of the markets, I guess.

[jubberjim] 08/7/2024 07:45

With a nod to the events last weekend

'That don't impress a me much'

Good luck

[janekane] 08/7/2024 07:44

Retirement fund who in there right mind would consider taking this on it’s going to take 20 years to clear this debt

[my retirement fund] 08/7/2024 07:44

They got 56M in dividends in 5 years. They will now save 90M in interest payments alone and carry less risks. It makes sense. Since the original JV was valued around 12EBITDA and this 14, it looks reasonable.

[oakville] 08/7/2024 07:39

Fire Sale,,

[my retirement fund] 08/7/2024 07:36

It reduces debt, simplifies the business, and makes it a simpler target for takeover in any event.

[dd776] 08/7/2024 07:33

One word "poor"

[maywillow] 08/7/2024 07:11

Marston's PLC ("Marston's"[1]) today announces the sale of its remaining non-core brewing assets to create a business entirely focused on pubs, with a binding agreement to sell the whole of its 40% interest in Carlsberg Marston's Limited ("CMBC") to a subsidiary of Carlsberg A/S ("Carlsberg") (the "Transaction") for £206 million in cash.

· Value-creating sale of interest in CMBC to Carlsberg for £206 million in cash

· Establishes a purely focused pub business with a strong position in the UK market and significant opportunities for further growth

· Delivers on stated de-leverage strategy creating a stronger balance sheet and a step change in financial flexibility

· Marston's will continue its strong partnership with CMBC through the long-term brand distribution agreement which remains in place

· Attractive valuation, representing an enterprise value[2] multiple of 14.5 times EBITDA[3] and 24.3 times EBIT[4] for the 12-month period ended 31 December 2023

· Net proceeds[5] used for significant debt paydown, achieving medium-term target of <£1 billion of net debt (excluding IFRS 16 lease liabilities) in a significantly accelerated time frame. March 2024 pro-forma adjusted net debt of c.£959 million[6]

· The Board of Directors believe that the value to be achieved by the proposed Transaction represents an attractive result for Marston's shareholders with the Marston's Group's interest expense to reduce by c.£18 million annually versus the Board's expectations and the overall outcome earnings accretive

Justin Platt, Chief Executive Officer, commented:

"Today's announcement represents a significant milestone for Marston's as we realise our stake in CMBC. In my first six months with the business, it has become very clear to me that our core capability and key opportunity to unlock value for shareholders is in driving a focused and successful pub business.

[chinese investor] 08/7/2024 07:04

Good RNS !

[jonc] 05/7/2024 09:25

Only bitter.

[smackeraim] 05/7/2024 08:57

socialists love a good drink don't they?

[livewireplus] 04/7/2024 22:05

https://www.thisismoney.co.uk/money/markets/article-13599791/Pub-group-Marstons-appoints-Kenneth-Lever-new-chair.html

[trader465] 04/7/2024 07:36

“Back into the sock drawer unfortunately for now”

It’s far more profitable to sell the losers and put the winners in the sock drawer

[kulvinder] 03/7/2024 07:16

Rolled back about 25%, since the resent high of about 39p, yes very disappointing, like say back in the bottom draw.