Marston's Share Discussion Threads

[fenners66] 24/7/2024 08:48

Year-to-date, like-for-like sales increased by 5.2%
but
Like-for-like sales increased by 2.4% in the 16-week period to 20 July 2024 despite being up 8% in the finals week

So aside from that final week , LFL was only 2% in the last 16 weeks

Contrast massively with the first 26 weeks which was therefore up by 6.9%

Tells me sales growth has dried up and costs are likely still rising by more - with a possible massive increase in minimum wage to come when labour get to their first budget....

[fenners66] 24/7/2024 08:45

Well if 2% and a massive decline is excellent - I kinda wonder how that fits with your comment on another thread of nothing can beat a decent Financial Advisor....

[fenners66] 24/7/2024 08:33

Year-to-date, like-for-like sales increased by 5.2%
but
Like-for-like sales increased by 2.4% in the 16-week period to 20 July 2024 despite being up 8% in the finals week

So aside from that final week , LFL was only 2% in the last 16 weeks

Contrast massively with the first 26 weeks which was therefore up by 6.9%

Tells me sales growth has dried up and costs are likely still rising by more - with a possible massive increase in minimum wage to come when labour get to their first budget....

[barnes4] 24/7/2024 08:17

Time for KY boi to appear??

[waldron] 24/7/2024 08:08

Forthcoming events

Please find below the forthcoming reporting dates for Marston's, which are also available on the investor calendar on our website -

Year-end trading statement 9 October 2024

2024 Preliminary results 3 December 2024





Marston's PLC

[chinese investor] 24/7/2024 07:15

Good RNS !

[skinny] 24/7/2024 07:00

Trading update

All sale comparisons are compared to the same period in FY2023.

Year-to-date, like-for-like sales increased by 5.2% and total retail sales in the Group's managed and franchised pubs increased by 6.2% as our portfolio of well-invested community pubs continues to demonstrate its appeal.

Like-for-like sales increased by 2.4% in the 16-week period to 20 July 2024, compared to the same period last year. We have seen considerable uplift from Euro 2024, with like-for-like sales for the week of the semi-final and final matches rising by 8.0%. This has helped to lessen the impact of recent unseasonably wet weather and a particularly strong comparative period last year.

We continue to see positive momentum across both food and drink occasions. Food sales have been particularly encouraging, with changes to our menu proving increasingly popular with guests.

Carlsberg Marston's Limited ('CMBC')

As announced on 8 July 2024, the Group agreed to the sale of its 40% interest in CMBC to a subsidiary of Carlsberg for £206 million in cash. This strategic and transformational transaction will enable Marston's to become a focused, pure-play pub company and supports a significant reduction in the Group's net debt to <£1 billion in a significantly accelerated timeframe. The transaction is expected to be accretive on adjusted earnings per share.

On 11 July 2024, the Financial Conduct Authority confirmed the changes to the UK Listing Rules, one of which means that shareholder approval is no longer required for Class 1 transactions. These changes are due to come into effect on 29 July 2024. The Board can therefore confirm that its intention is to waive the requirement for the transaction to gain shareholder consent when the new UK Listing Rules come into force. Completion of the transaction is targeted for 31 July 2024.

Further announcements will be made as and when appropriate.

Outlook

Debt reduction remains a central focus for the management team and we intend to put financing in place that is better suited to the new level of leverage in due course. Marston's will provide an update to the existing capital allocation framework at an Investor Day in the autumn.

The trading momentum seen year-to-date provides the Board with confidence that, adjusting for the impact of CMBC, performance will be in line with market expectations.

Commenting, Justin Platt, CEO said:

"The continued positive trading momentum carried through from H1 has been encouraging. This is a testament to the focus and energy of our team, who are dedicated to giving our guests the very best pub experiences. The disposal of our 40% stake in CMBC marks a pivotal step for Marston's, allowing us to become a pure play hospitality business. I look forward to delivering on the opportunities a focused pub business will provide."

[jeffian] 23/7/2024 11:56

I can't see how they're going to get anywhere near fair value within a reasonable timescale other than by takeout. Maybe the sale of the remaining brewing business is a precursor to this. Let's hope so.

[barnes4] 23/7/2024 10:19

I have made a paper packet here fund

[my retirement fund] 23/7/2024 10:16

You obviously haven't been here very long, or you'd know I was here!

[barnes4] 23/7/2024 10:00

Fund you here as well are you following me?

[my retirement fund] 23/7/2024 09:45

Possible break out here ?

[barnes4] 18/7/2024 18:36

That’s what New York/KY boy is famous for

I have made a stack here

[smackeraim] 18/7/2024 11:59

the socialists still like a drink. not fallen since disposal. might be a change of wind ahead .. maybe

[wigwammer] 15/7/2024 08:37

Thanks NYB. But to clarify - you were saying all this stuff at 27p, and anyone who acted on it has missed out. Your posts are always very consensual IMO, not a great way to make money in markets.

[ny boy] 15/7/2024 08:15

Ent make any difference here, just dead cat bounces ahead, debt pile is ridiculous all the family silver (prime pub sites have been sold off) Weatherpoons closing a large chunk of sites, just grim out there, Companies cutting the fat to survive.

China has huge problems, no growth a collapsing housing market, global markets will see a significant correction soon.

Companies will huge debts will just tread water

[jubberjim] 15/7/2024 07:52

Spain deserved to win

Overall England have flattered to deceive throughout the tournament

Oh well there's always next time.

Have a good summer everyone.

[my retirement fund] 11/7/2024 09:59

Exactly how many have you visited out of the 1550 estate Mr 8 Ball? To draw such a conclusion. You sound like you've got a really good understanding on thing's! I'm assuming it's at least 5% of the estate (75 pubs) randomly picked.

[socionomics] 11/7/2024 09:05

The one in Richmond was so busy last night that I couldn't even see the carpets. Get your point though. I'm sure a full refurb will be in the plan now they're fully focussed on the pubs.

[mr 8 ball] 11/7/2024 09:02

I don’t know how many share holders have visited Marstons Pubs recently but i can confirm the dire state that many are in , unkempt gardens peeling paint and broken and worn out furniture filthy carpets not to mention the state of the decoration they give the impression of total decline and abandonment It would be a good idea for the management to spend the 18 million saving on interest from the brewery sale to refurbished the estate it certainly needs it !

[jubberjim] 11/7/2024 05:36

Skinny

But that was before last night's result.

There is a ditty 'Selling England by the Pound'

From tiny acorns mighty oaks do grow.

Have just woken up to the news about the England win last night.
It has put a spring in my step hope it gives a springboard to the share price.

PS
Haven't watched a live England match since tournament began seems to be good for England and better for my blood pressure.

I don't mind another dry weekend if it brings the right result cos I can make up for it later with the BBC I Player if it goes in our favour and marstons is readily available in the supermarkets

Have a good one everybody

[dexdringle] 10/7/2024 13:56

Jefferies raises price target to 1/3rd of NAV.

Not exactly Christmas is it.