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
  +1.10p +0.97% 114.00p 113.80p 114.00p 114.50p 111.90p 111.90p 789,768 13:54:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 905.8 80.8 12.7 9.0 722.32

Marstons Share Discussion Threads

Showing 2326 to 2349 of 2350 messages
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DateSubjectAuthorDiscuss
22/8/2017
12:53
quite uncanny!, not that we are of the same mind on this, jeffian, but at the very same minute! Odds against that? Anyway, keep well and keep posting. your wisdom, relevant experience and deep knowledge of this stock and its sector are very much appreciated by most (if not all) on this board.
exel
22/8/2017
12:27
#2211, That's the point, Spacecake, they evolve. Yes, a lot have closed but that was probably because there were too many. I went to school in the 1960's in a small town with a population of around 3000 - and there were 13 pubs! When I worked in a regional brewery in the 1980's with an estate in the rural South (Wilts/Hants/Dorset), it was not unusual to have up to 3 pubs in a village of a few hundred people. Unsustainable, so, yes, a lot went for higher value uses (in our case, residential development with each pub providing 3 plots - pub building, garden and car park - leaving one pub in each village to reap the remaining aggregate trade). And I doubt that many of the new pubs being developed are "micropubs with room for a couple of dozen people if you're lucky". Ask Wetherspoons and MARS itself! Edit: exel - Snap!
jeffian
22/8/2017
12:27
Jeffian is right! (thank you again, Sir!) This tough period (sentiment & consumer confidence downer, et al) will probably not be the end of pubs or specialist pubs/eateries/accom. etc, such as MARS has refined, developed and morphed into (via its well segmented estate and growing beer businesses). Same applies to many other things/sectors that are on the ropes, right now. Saw a report from Hargreaves Lansdown (just yesterday) that MARS was among their top 10 client FTSE250 buys in July17. That surprised me, but maybe not when you look at the div! Do bear in mind that when underperforming pubs close (as Spacecake notes) they get SOLD for value for many other purposes. Also, those going off market free up drinking/eating demand for well-run joints. In my village last night: Pub at one end of high street (just sold for a premium price) was rammed. 150 metres away, a well-known local pub was empty. People make choices. I went to the empty one (a Pubmaster cast-off which will become a restaurant idc) to look at my phone for 10 mins and have 1 drink while doing so in peace & quiet. That was a choice, made for a purpose. If I was in a social group, it would have been the busy one for the colour and the buzz. MARS knows its market, its customers, and picks its locations carefully. If it has to shed the odd unit, they are not given away!
exel
22/8/2017
12:11
ianood (2204) "I don't think it is, not with unemployment at historic lows!" ianood (2206) "I just quoted a fact, employment is at a record high!" First you quoted UNemployment, then you quoted employment. Any figure on the above must be picked up by the scruff of the neck and given a good shake to see what falls out. Examples: If the population goes up by 10% but the number of people in employment goes up by only 5%, is that good or bad? The government will proclaim that employment has increased (good news!) while the opposition will proclaim that the employment PER PERSON has gone down (bad news!). That applies whichever party is in power on the day. Is 22 hours a week a job? Is 40 hours a week a job? How about 60 hours a week? What if it's volunteering rather than paid employment? If two people each have a 22hr/week job, is that TWO jobs as opposed to ONE job of 44hr/week? How do you count it if a person has a bar job most evenings (say at MARS!) and they have a different job in the day? Is that two units of employment or one? Is it better to add the hours worked or the salary received? Comparing salaries from different years runs into the issue of inflation. Should we be comparing inflation-adjusted GDP per person rather than anything else? Maybe that should be person of working age (say 18 to 65). That would tell you something else again. This is the tip of a large iceberg and the sound bites on the news don't tell you what's really happening.
arf dysg
22/8/2017
12:11
Yes, AD, I think that's absolutely right. People moan on about "debt" these days, but there was a time when you were castigated if you held cash on the balance sheet and something had to be turn to make balance sheets 'leaner' - hence such disasters as GEC's £3bn cash turning into Marconi's bust and, yes, it probably was some of the same advisers involved (and paid on the way up and then down again!).
jeffian
22/8/2017
12:02
"Death of the Pub"... all I would say on this having started my working life in 1975 is there's a lot less than there used to be. Some of my old haunts are now nursing homes, fitness centres, architects offices, student accommodation, restaurants, teaching academies and of course demolished for housing or other use. But we have seen the rise of the micropub with room for a couple of dozen people if your lucky, brewpubs as microbreweries expand into old industrial buildings.
spacecake
22/8/2017
11:55
jeffian (2198) "2009. [MARS] put under huge pressure by their lenders. The problem was, MARS 'blinked' and panicked into a deeply dilutive Rights Issue (11:10 at 59p) and cut its dividend [...] The City have never really forgiven them" Isn't this one of the contradictory and destructive ways of the City? Some in the City twist a company's arm to get it to do something unnecessary and the other City people punish the company for it. Perhaps they are even the same people.
arf dysg
22/8/2017
11:12
Ianood, Which fact are you quoting ? Employment in absolute numbers ? Employment as a % of those of employable age ? Employment as the inverse of unemployment ? Does somebody working 10 hours a week count as employed or 25% employed ? etc. I was around when unemployment mushroomed in the 70's and as I see it most western economies {still} have brutally high levels of unemployment and underemployment. Although I'll concede neither positive spin nor my gloom and doom have much bearing on MARS.
colonel a
22/8/2017
10:54
No problem, Ianood. :-) I'm not looking for pro or anti Brexit arguments. I just want as clear a view as I can get as to what is actually happening. Sometimes that means looking through government data, rather than accepting it at face value. Good luck. You are one cool dude, Jeffian. Inspiring! Atm, I'm too worried to follow you, however. ;-O
ed 123
22/8/2017
10:39
Either way, pub trade will remain resilient imho. In every recession - and I've been through a few having started my working life in 1973 - pundits pop up and predict "the death of the pub". It hasn't happened. They just evolve with the market (e.g. the shift from wet-led boozer to food) and as they are at the lower end of the entertainment price spectrum, tend to be among the last things people give up and, indeed, many flourish as the restaurant crowd 'trade down'.
jeffian
22/8/2017
10:30
I don't intend to get into a remain/brexit fight, I just quoted a fact, employment is at a record high!
ianood
22/8/2017
10:28
You shouldn't believe the 'historic low' spin, Ianood. There is less benefit arising from registering as unemployed in 2017 than in earlier times. Eg, anyone with £16,000 in savings or with a partner earning would not get any benefit today. So, many people looking for work just don't register as unemployed. As to the consumer squeeze, that's a matter of fact, not opinion. Compare average earnings growth with the rate of inflation. There definitely is a squeeze going on and UK gdp growth is declining. Whether or not we go into recession remains to be seen.
ed 123
22/8/2017
10:14
I don't think it is, not with unemployment at historic lows!
ianood
22/8/2017
08:41
Only 1.28% disclosed shorts. That's low level. Anyway, it's up this morning, +0.4p. MARS is just one of many stocks affected by the squeeze on the UK consumer. Do we tail off into a Brexit recession or does the UK carry on growing? The jury's out.
ed 123
22/8/2017
00:58
Death by a thousand cuts here. Is it being shorted much?
zcaprd7
21/8/2017
23:08
Probably the original by The Troggs as well!
jeffian
21/8/2017
20:20
Could have bought these at a similar price when Wet,Wet,Wet had a number 1 with "Love is all around" :-)
spacecake
21/8/2017
18:15
Good post Jeffian
hastings
21/8/2017
18:03
2009. To be fair, most people thought the end of the world had come just after the banking crash and companies with bank borrowings were put under huge pressure by their lenders. The problem was, MARS 'blinked' and panicked into a deeply dilutive Rights Issue (11:10 at 59p) and cut its dividend when, arguably, it didn't have to do either as things turned out. The City have never really forgiven them for that and i think that's why they are so lowly rated. Enterprise Inns, by comparison, toughed it out and refused to go down the RI route, although they were forced to suspend their dividend and diverted all their resources to paying down their bank debt to the extent that they ended up with no bank (as opposed to corporate bond) borrowings at all! I can't see it happening again with MARS unless an 'event' occurs that is so significant that the whole market takes a dive.
jeffian
21/8/2017
17:41
It's not so long ago that they had a rights issue and cut the dividend. If they do it again the management will need changing.
pherrom
21/8/2017
16:19
Tempting with the div, but for me not tempting enough. You just know that div is going to be cut within the next year or two with the level of debt. That, or a rights issue looming on the horizon. Seen this type of scenario too often.
bend1pa
21/8/2017
15:47
Also watching and waiting here
lurker
20/8/2017
11:22
Salpara, Thinking the same, but every time I look, it is lower. Will go for it some point.
11_percent
20/8/2017
10:55
curious one in that the divi does not seem to be providing support despite being comfortably covered. I have had this on my watch list for some time but have yet to take the plunge. I guess market sentiment is a big force at present for consumer focused stocks.
salpara111
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