Marston's Share Discussion Threads

[exel] 09/10/2017 18:38

This is the problem Spacecake! In a nutshell - tomorrow will be interesting....

[spacecake] 09/10/2017 17:40

Well the broker reports don't seem to be able to mention one without the other.

[exel] 09/10/2017 17:24

GNK down 2.8% today
MARS down 3.2% today
Whose dragging who?
Is there the linkage that the market seems to assume?

[essentialinvestor] 09/10/2017 16:30

Luck for tomorrow folks, will have look in the morning.

[andyj] 09/10/2017 15:58

And that isn't a good sign!

[spacecake] 09/10/2017 15:18

Down again ahead of tomorrows trading statement.

[skinny] 09/10/2017 07:58

Year End Trading Statement tomorrow.

[exel] 08/10/2017 22:37

hugely oversold....

[spacecake] 07/10/2017 18:50

Mastons annual returns

2016 -13.93%
2017 -18.09%

According to Morningstar

Trailing returns

1 month -4.61%
3 month -11.66%
1 year -20.42%
3 year ann -3.2%
5 year ann +3.4%
10 year ann -3.85%

Not the greatest example of "growth" by any stretch of the imagination. 10 years of capital expenditure for a negative return.

[luderitz] 06/10/2017 22:44

SP On the up all be it slowly.

[lord gnome] 06/10/2017 15:40

I don't have a problem with the new HQ building. It's good to see that the employees have a decent place to work.

[arf dysg] 06/10/2017 14:32

I suspect the placees (big investment firms) are working in exactly the same kind of offices, paid for in exactly the same way, i.e. with other people's money.

[spacecake] 06/10/2017 11:37

Share price has been going down for two years, whatever the company choose to say next week I doubt it will be anything more than last years statement with slightly different numbers. LFL 2.3 - 2.7% last year, near inflation, no real growth. Expect much the same LFL at inflation level. Cash flow spent on debt service and building ever more pubs.

I wonder how the Wells Brewery placement investors are feeling, maybe they will discuss it at the new £10 mill HQ vanity project below...

[luderitz] 06/10/2017 08:28

I'm feeling positive about next weeks TU and the ongoing share price appreciation.

[exel] 05/10/2017 10:42

EI - don't disagree at all! have commented on CapEx criteria before. can't believe the MARS Board only has one gear on this issue, given all the experience & metrix available to them. Sense they may signal a modicum of 'dial back' with the UK economy 'weak and weakening'. But also feel their biz profile/mix and GNK's are sometimes wrongly compared. Clearly there are comparisons, but these are not total 'like for like' sector travellers. Not expecting fireworks from the 10oct17 update, but am hoping for some evidence that MARS is performing a tad better than the share price would suggest. Will look again at last time's update from 12/10/16...

[essentialinvestor] 04/10/2017 13:12

exel, the expansionary CAPEX needs dialing back, just my take.

[exel] 04/10/2017 13:10

it offers MARS as a long hold if the div is cut?, but not if there is justification for maintaining it? (ie cover profit cash flow etc). an interesting view!

I personally disagree that taking in new equity for the CW acquisition was a bad move! Would new debt have been better? Not to my mind. Also, there would have been at least some diligence carried out, around that placing, as has been said before. In terms of what has come about recently, the MARS board look a tad smart getting 137p. we'll know more soon.

think the share price gloom is a tad overdone here, but may be wrong. All that said, many thanks for sharing that piece, Fangorn2. Appreciated!

[fangorn2] 03/10/2017 17:18

Marston's: Where Dividend Payments Are Prioritized Over Financial Health




"Interesting assessment, albeit not very optimistic on the dividend front"

[skinny] 02/10/2017 10:11

Trading Statement - 10th October 2017.

[spacecake] 30/9/2017 17:40

"Yesterday appeared to be an irrational dip" - its been dipping a few years now.

[lord gnome] 29/9/2017 19:16

Hardly anything to get excited about. It was only 8,293 shares from a 'can't lose' SAYE scheme. There were probably a load of employees with maturing schemes and shares which needed buying. We only heard about his because he is a Director.

[exel] 29/9/2017 19:06

A CEO buying his own stock can surely rarely be interpreted as a bad sign? Win lose or draw, I still believe in MARS, until they update us to the contrary.

[exel] 29/9/2017 17:15

Yesterday appeared to be an irrational dip in the recent very modest share price recovery. I added 10k at similar pricing to GF. Not long now till the next update which should give us at least some steer as to what we might expect from the finals.

[exel] 29/9/2017 17:08

He's just outside the close period. For a year end announcement, in this case 30nov17, the close period begins 30sep17, 60 days or 2 months prior to the announcement. For interims, I believe it's 30 days. Clearly this was the last day prior to the y/e close period.

[arf dysg] 29/9/2017 13:19

hxxp://www.marstons.co.uk/investors/shareholders/calendar/

Year-end trading statement: 10th of October
Full-year results: 30th of November

Isn't there some kind of closed period, or does that apply only in the run up to the year and half-year results?