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Share Name Share Symbol Market Type Share ISIN Share Description
Marstons LSE:MARS London Ordinary Share GB00B1JQDM80 ORD 7.375P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.90p +0.91% 99.80p 99.75p 100.10p 100.20p 98.15p 98.75p 2,000,009 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 992.2 100.3 14.2 7.0 632.69

Marstons Share Discussion Threads

Showing 4176 to 4200 of 4200 messages
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
11/12/2018
11:38
It's worth saying that the IC can have differing views on the same stock at the same time, depending on an article's author. The one talked about & quoted here is Mr Bearbull's. Elsewhere in the same issue GNK is a 'buy'. MARS has been a consistent 'buy' for years. Can't remember why....
dogwalker
11/12/2018
10:54
Here's the bit about MARS vs GNK ;From an income investor's perspective, Marston's (MARS) offers the best comparison with Greene King since none of the others is a high-yield stock. Neither Mitchells & Butlers (MAB) nor Ei Group(EIG) – the remnant of Enterprise Inns – pays a dividend, a situation not likely to change soon. Meanwhile, shares in Wetherspoon are so highly rated that, even if management decided to distribute half the group's likely earnings, they wouldn't qualify as high yield.Between Greene King and Marston's, I can only say I'm content that the income portfolio's holding is in the maker of Old Speckled Hen and Abbot Ale as opposed to the brewer of Banks's bitter and Marston's Pedigree (lest we forget, both groups still own in-house breweries). The extra dividend yield on offer from Marston's (see table) doesn't seem worth the risk.It's not just that Greene King claims to be growing its underlying sales at twice the rate of its rival. Chiefly – and whatever the bosses of Marston's protest – the company's dividend looks much the more threatened of the two. In the year just ended, Marston's generated just £20m of free cash flow – the money left over for shareholders after all claims have been met – yet paid out £48m in dividends.True, that shortfall was made good by the sale of surplus properties, as it has been in each of the past five years. It will also help that Marston's is committed to trimming its capital spending. The amount dipped 17 per cent to £163m in 2017-18 – although that's still four times the rate of depreciation – and will drop another £30m in the current year. Combine that with maybe a £30m-a-year gain in cash from cutting pension fund contributions and the dividend will probably be wrung out again this year.Even so, the impression remains that sustaining the payout is part of a process of self-immolation that Marston's could not sustain through the next serious downturn in trading.Greene King hardly presents a glowing contrast. Yet what we might now label its 'immolation rate' is much less than that of Marston's. During the past five years, in only one – 2016-17 – did its free cash exceed dividends paid and cumulatively in those years it has paid £418-worth of dividends against £300m of free cash. So, like Marston's, it has relied on selling fixed assets – of which, cumulatively, it has sold £420m-worth in the five years – although not to the same extent.
the deacon
11/12/2018
09:45
Poor outlook already in the price at 97p they are on a p/e 6.9 and yield 7.7%. Buy. GNK at 517p are p/e 8.7 yield 6.1%. Both expect 1% eps growth next year.
olliemagern
11/12/2018
08:53
The pub business model is bust. Beer drinking down. Wages up. Council rates/taxes far too high. Cheap booze in supermarkets. Food menu prices rocketing. The prices the pubs now have to charge customers for beer and food to cover outgoings is driving customers away. And these customers are anyway increasingly happy to watch their affordable 75-inch ultra-high definition 4k TV's in the comfort of their own home for streaming sports and endless Netflix having bought cheaply an excellent six-pack of Czech Pilsener from Lidl. It's armageddon for the traditional pub scene,just like for shops and department stores on the traditional High Street and for so many other restaurant chains which can't make ends meet any more and which have gone to the wall. With the massive Marston's debt burden, combined with a very uncertain economic environment and rising interest rates, the omens in my opinion remain pretty damn unfavourable. ALL IMO. DYOR. QP
quepassa
11/12/2018
07:44
From applause no booze article ~ "Greene King’s biggest shortcoming is that it operates in the wrong industry" An odd thing to write about a brewery and bar business, however Whitbread realised this very thing and successfully changed their business model. Maybe it's time to get out of booze.
spacecake
10/12/2018
15:56
Guys, you can read the article if you google "applause no booze" and then select the cached copy of the link. This method often works for pay-to-access articles ;-) Cheers, PJ
pj fozzie
08/12/2018
08:50
The general conclusion was that Greene King is the better bet because its dividend payout rate appears safer. Plus, being in this line of business is heavy going for everyone anyway.People need to step up their heavy drinking habits in pubs. That last sentence wasn't in the article, The Deacon.
dogwalker
07/12/2018
20:43
Yes thanks to LinkedIn I did a search on some of the ones who give the buy/sell recs and it was quite an eye opener to say the least the lack of experience they have ,you get far more experience from many of the posters on these threads.
tim 3
07/12/2018
18:01
Tim 3 - totally agree, I waived my subscription in August. I have purchased one issue since , the IT Special which I have to say was not all that. I also found the writings of Chris Dillow somewhat uninspiring too.
ianood
07/12/2018
14:42
Invested in both, but not an IC subscriber. What was the general conclusion of the article?
the deacon
07/12/2018
14:01
I stopped my subscription to IC recently not just about their tips being poor but the research behind them being basic in the extreme leaving out obvious facts and many of the newer journalists are almost fresh out of college with very little investing experience.
tim 3
07/12/2018
13:16
FWIW Mr Bearbull column in this week's IC compares the investment case of GNK vs MARS. Mr Bearbull has a pretty sketchy track record in recent years but maybe worth a read all the same... Applause? No, booze - HTTPS://www.investorschronicle.co.uk/comment/2018/12/05/applause-no-booze/
speedsgh
07/12/2018
11:02
Yup. 13/12/18
the deacon
07/12/2018
08:41
Next week ex div ??
daler1966
28/11/2018
17:31
hTTps://www.google.co.uk/search?tbm=fin&ei=IsD-W8btLIWyarmBjcgM&stick=H4sIAAAAAAAAAONgecRozi3w8sc9YSm9SWtOXmPU4OIKzsgvd80rySypFJLiYoOyBKT4uHj00_UNM5LKiqossrJ4AHxy7Vw8AAAA&q=LON%3A+LAND&;oq=land&gs_l=finance-immersive.1.2.81l3.4198055.4200463.0.4202348.7.7.0.0.0.0.118.403.4j1.5.0....0...1.1.64.finance-immersive..2.5.402....0.OW7u9xwRXBE#scso=_jtD-W5kDsZWXBO7BrfgE3:0&smids=/m/0ckc231&wptab=COMPARE Click max on the chart above, Land securities compared to Marstons. The share price over the last ten years are almost the same, Marstons valued as a real estate company rather than a leisure, bars and restaurant type business.
spacecake
28/11/2018
15:21
GNK interims tomorrow.
skinny
28/11/2018
15:16
Same old same old one forward step Two back
janekane
24/11/2018
14:04
Hand of the new chair is fairly evident in both the positioning of these 2018 results, and the forward-looking 2019 commentary.
exel
23/11/2018
19:15
RF getting the message that the City have no regard to his debt formular going forward as another poster questioned who,s he working for us the owners or himself and the banks who are making a fortune out of his debt leaseback deals
janekane
23/11/2018
12:06
Marston's scales back expansion - HTTPS://www.investorschronicle.co.uk/tips-ideas/2018/11/21/marston-s-scales-back-expansion/ ...IC VIEW Mr Findlay says that while Marston’s level of debt is "comfortable", the plan is still to pay it down. The leverage ratio (net debt/cash profits) should gradually reduce over the next five years, from the current 6.2 times (4.6 times before leases). The company also expects to clear its pension deficit by the 2020-21 financial year, with the £10m freed up from annual payments redirected to debt reduction. Mr Findlay also believes dividend payments are "sustainable", being covered 1.9 times by earnings. At seven times forward earnings, the shares still trade at a significant discount to the sector. Buy.
speedsgh
22/11/2018
17:02
Because there is so much debt the BOD and management are now simply running the business for the benefit of the banks and not the shareholders.
spacecake
22/11/2018
16:35
Market just doesnt believe in this company,share price a disaster really, carrying too much debt, really just need them to get back to 1.20 so i can get clear with my 25k av’ cost price and steer clear of all this basket case UK facing stuff, all looks doomed. Takeover or breakup plz.
porsche1945
22/11/2018
15:25
Maybe RF is worried about the bonus hamster wheel stopping !
spacecake
22/11/2018
10:50
RF stated his intention to free up cash We have lots of property and land that could be freed up at significant profit with planing permission if gained for housing /commercial ,housing being the most lucrative RF has finally got the message that the City do not like his securitisation lease back deals
janekane
22/11/2018
08:44
From yesterday's results:- "- Securitisation financing benefits from refinancing opportunities. Whilst the outcome of our review of these opportunities is at an early stage, we expect to report further in the course of the next financial year. As a consequence of the actions above, we are targeting a 1x reduction in leverage within 3-5 years. At the same time, we are setting clear guidelines in respect of capital structure. In addition to our ongoing objective to reduce leverage we will also target a net cash surplus before growth capital (acknowledging fluctuations in working capital) and acquisitions meeting strict return on capital criteria, and a commitment to maintaining fixed charge cover (the ratio of EBITDAR to interest and rent payments) of at least 2.5 times." ...reading this, one can but wonder to oneself if a RIGHTS ISSUE may or may not be a strong candidate to help meet some of these stated financial/capital goals.... hahaha. ALL IMO. DYOR. QP
quepassa
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
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