Marston's Share Discussion Threads

[skinny] 24/7/2024 08:38

2+ year high @39.65p

[wigwammer] 24/7/2024 08:35

Yes. I feel rather sorry for anyone who acted on your arithmetic at sub 30p, fenners. They can probably also do the arithmetic that acting on your suggestions is rather damaging to their financial health.

[barnes4] 24/7/2024 08:34

This will be taken out hence the sale

[fenners66] 24/7/2024 08:30

Only doing the arithmetic , for those that can't be bothered or are challenged in that respect .

We'll see where this goes , buys or sells on the day are not the measure of the company's future prospects.

[barnes4] 24/7/2024 08:26

Madness and illogical

[dexdringle] 24/7/2024 08:09

Paid 41p each for these a couple of years ago and have been under water ever since. Will be selling if they get back to 41p - putting it down to experience and being glad to get my stake money back.

[barnes4] 24/7/2024 08:03

Is Fenners KY Boi in disguise?

He talks the same verbal diatribe

[wigwammer] 24/7/2024 07:56

Fenners invariably drawing on his endless list of negatives. In the meantime, shares rising through 52 week highs.. :)

[barnes4] 24/7/2024 07:53

Fenners give it a rest
The market doesn’t agree and that’s all I am bothered about

[fenners66] 24/7/2024 07:48

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 07:45

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 07:33

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 07:17

Time for KY boi to appear??

[waldron] 24/7/2024 07:08

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 06:15

Good RNS !

[skinny] 24/7/2024 06:00

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 10:56

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 09:19

I have made a paper packet here fund

[my retirement fund] 23/7/2024 09:16

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

[barnes4] 23/7/2024 09:00

Fund you here as well are you following me?

[my retirement fund] 23/7/2024 08:45

Possible break out here ?

[barnes4] 18/7/2024 17:36

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

I have made a stack here