ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MARS Marston's Plc

39.10
0.25 (0.64%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marston's Plc LSE:MARS London Ordinary Share GB00B1JQDM80 ORD 7.375P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 0.64% 39.10 840,931 16:35:07
Bid Price Offer Price High Price Low Price Open Price
39.15 39.40 39.40 38.45 38.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Malt Beverages 885.4M -9.3M -0.0147 -26.63 246.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 195,029 39.10 GBX

Marston's (MARS) Latest News

Marston's (MARS) Discussions and Chat

Marston's Forums and Chat

Date Time Title Posts
26/7/202416:27Marstons...time to buy???7,410
24/7/202409:35Marstons - Needs Shaking Up !2,329
07/10/202217:08MARSTONS 2020 461
04/6/202014:38WHEN ARE THE FUCKIN PUBS OPENING? SINCE THE BEACHES ARE!!14
21/7/201811:24Is there Life on MARS?91

Add a New Thread

Marston's (MARS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:0739.10195,02976,256.34UT
2024-07-26 15:29:2139.15124.70AT
2024-07-26 15:26:2839.1010039.10O
2024-07-26 15:26:2739.1010039.10O
2024-07-26 15:26:2139.189,5003,721.63O

Marston's (MARS) Top Chat Posts

Top Posts
Posted at 27/7/2024 09:20 by Marston's Daily Update
Marston's Plc is listed in the Malt Beverages sector of the London Stock Exchange with ticker MARS. The last closing price for Marston's was 38.85p.
Marston's currently has 634,160,056 shares in issue. The market capitalisation of Marston's is £248,273,662.
Marston's has a price to earnings ratio (PE ratio) of -26.63.
This morning MARS shares opened at 38.60p
Posted at 24/7/2024 07:00 by skinny
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."
Posted at 11/7/2024 05:36 by jubberjim
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
Posted at 08/7/2024 14:11 by rmillaree
careful
"The recent share price was priced for a worst case scenario."

With all respect this comment is nonsense - it would be easy for sherholders to nearly be compeltely wiped out with the debt being what it is if they hit hard times again. The whole point about large debt companies that 30p can easlly become 15p and then 7p and then 3p there is little downside protection If large rights issue was needed or than ran into similar issues eg if interest rates became too much.
Posted at 08/7/2024 11:15 by careful
The recent share price was priced for a worst case scenario.

The possibility that bondholders could take our company off us with the usual debt for equity swap was a fear.
Todays cash injection has now made that fear,always an issue when the share price is low, makes that a remote possibility.

With a decent trading situation, and the boost of Euro soccer must be happening.

A re rating is justified.
Posted at 11/5/2024 15:48 by libertine
Marston's PLC (LON:MARS) institutional owners may be pleased with recent gains after 10.0% loss over the past year

hxxps://simplywall.st/stocks/gb/consumer-services/lse-mars/marstons-shares/news/marstons-plc-lonmars-institutional-owners-may-be-pleased-wit
Posted at 09/5/2024 13:34 by gkace
Daily Mail: Marston's: Value £175mShare price down 92pc since peak in February 2007Interest may also be brewing in pub and hotel group Marston's, where shares have almost halved from their peak.Rival Wetherspoons is booming as punters flock in for cheap pints, but rivals such as Marston's are having a much harder time.Having suffered badly during Covid, shares are still languishing well below pre-pandemic levels and are down another 17 per cent so far this year.Victoria Scholar, head of investment at Interactive Investor, cited Marston's as a potential target.In 2021, the group snubbed a £666million approach from private equity. At the time it said it significantly undervalued the British pub operator.Marston's – the brewer of Pedigree, Hobgoblin and Lancaster Bomber beer – said this was the firm's third takeover proposal.Marston's first started out as a family business over 180 years ago and today has 1,400 pubs and around 11,000 employees across the UK.
Posted at 05/4/2024 13:53 by careful
Market cap is about £165m.

A share price of 26p against so called net assets of over 100p per share looks odd.
There is the debt, and interest rates and cost of servicing debt needs to come down.

Someone knows something we don't. we need an update, May is a long time to wait.
Financials here are always complicated.

The share price is suggesting we are in serious trouble.
Tempting for the contrarian.

Revolution Bars Group situation does not help sentiment.
They seem to be a a hopeless position.
A much smaller operation.
Posted at 28/2/2024 23:24 by fenners66
>Heatseek77
>21 Feb '24 - 11:56 - 7040 of 7052

"If you'd done any research you'd know debt isn't seen as an issue here as it's more than covered by assets."

That's great news , so no one in the city is bothered about the debt any more and the share price has risen to £1.05 per share then ! Thanks for your wisdom.....

Except .... the share price is down to 29.5p ! Close to all time lows ?
Posted at 05/12/2023 17:16 by the grumpy old men
Marston's slumps to a loss but pub group eyes bumper Christmas

Wolverhampton-based firm see like-for-like sales up 7.4% since 30 September

It also recorded a 9.1% rise in revenues to £872.3m over the same time period

By Daniel Fessahaye

Updated: 13:43 GMT, 5 December 2023



Marston's is preparing for a 'promising' festive period, with bookings ahead of last year, after enjoying a jump in sales since the end of September.

The Wolverhampton-based firm, which owns 1,414 pubs across the UK, told investors positive trading momentum had continued in recent months, with like-for-like sales up 7.4 per cent since 30 September.

It followed a 9.1 per cent rise in revenues to £872.3million over the year to 30 September, thanks to 'encouraging' sales of both drink and food.

But Marston's still fell to a £20.7million pre-tax loss for the year after it was impacted by interest rate swap movements and charges linked to weaker property valuations, compared with a £163.4 million profit a year earlier.

On an underlying basis, Marston's pre-tax profits increased from £27.5million to £32million.

The pub giant, which owns 1,414 pubs across the UK, told investors that bookings for the key Christmas period have been 'tracking ahead of last year'


The group said: 'Bookings for the Christmas period are promising and tracking ahead of last year.

'As always, walk-in trade represents a significant proportion of overall sales over the period; however, the booking momentum demonstrates that, despite economic pressures, people still want to go out and celebrate in a pub.'

It follows similar reports from rival pub chain Fullers, which said early last month that bookings were already 11 per cent above last year.


Share this article
Share

The update comes just weeks after Marston's announced the immediate departure of its chief executive Andrew Andrea.

Andrea, who led the business for two years, will be replaced by former Merlin Entertainments executive Justin Platt in January.

Platt will be charged with improving costs and reducing borrowing at the business in order to bring it back to sustainable profit.

In October, the firm said it reduced head office headcount costs by about £5million this year amid plans to trim its debt pile by between £60million to £70million in 2024.

Pub groups have been grappling with high costs of raw materials, energy and labour as inflation remains stubbornly high.

However, costs have started to ease over the last few months, although the cost-of-living crisis remains a threat as cash-strapped customers cut down on discretionary spending.

On Tuesday, the group said it was looking to save a further £3million due to reductions in its energy costs and pub labour costs in the current financial year.

It is also seeking to reduce its borrowing levels in the longer term and said it will sell around £50million worth of 'non-core' pub assets to help achieve this.

Chairman William Rucker said consumer demand has remained 'resilient' despite the challenging economic backdrop.

Rucker added: 'The consumer has remained resilient despite the macro backdrop and Marston's continues to trade well, achieving market outperformance.

'We anticipate an improving outlook in which cost headwinds are largely abating and like-for-like sales are up over 7 per cent since the year end.

'This, together with the actions we have taken this year to drive further efficiencies, leave us confident that Marston's remains well-placed to continue to outperform and to grow revenue, margin and profitability.'

Marston's shares fell by 1.45 per cent to 30.50p on Monday morning trading.
Posted at 07/6/2023 19:43 by boffster
Back in 2019 GNK was taken out when it had c. £2.2bn revenue and c. £1.9bn of debt. The consideration was £4.6bn which stripping out the debt, leaves £2.7bn for the equity or just over 1x earnings on a debt free basis. That was on a NAV (less goodwill) of about £900m.

Applying a similar valuation to MARS would value the equity at about £1bn or about £1.50 per share (not a million miles from where MARS share price was, at the time)
Marston's share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock