Marston's Share Discussion Threads

[chinese investor] 06/3/2018 13:08

Great Interview !

[cc2014] 06/3/2018 13:02

Just listened to the boardroom story and I'm seriously impressed. Thanks for the link. A really good way to do research.

For once a CEO who understands the business, embraces new trends and a very long term commitment to the company.

All the more interesting for me as I live very near their head office and go past it several times a month

[rick138] 06/3/2018 11:07

Thanks for that (5 live interview). Very useful insight. Well aware of market trends and has made some good calls (e.g. craft beer; dining out/wet led; competitive situation). Let's hope he continues to do that. Pleasant bloke as well.

[septimus quaid] 06/3/2018 08:45

Boardroom Stories: Marston's Ralph Findlay

[septimus quaid] 03/3/2018 05:36

Current MARS declared short positions:

JPMorgan Asset Management (UK) Ltd, 0.91%, 2017-12-14
Marshall Wace LLP, 1.01%, 2018-02-16
OLD MUTUAL GLOBAL INVESTORS (UK) LTD, 0.95%, 2017-12-05
Systematica Investments Limited, 0.50%, 2018-02-23

[my retirement fund] 02/3/2018 18:09

I thought this was gonna see a double bottom at rhis level but to downward trend looks far from exhausted. I can really see a sensible reason so have little option other than to turn to the darkside and say the accounts are probably dodgy now due to overpaying regards acquisitions.I can only guess others have already seen the evidence as insiders or are simply putting some logic into the equations and if not leasing shares to short sell then buying bargepoles instead.

[brwo349] 02/3/2018 15:52

this weather will have hurt trading

[cc2014] 02/3/2018 15:36

I'm in at 102.0. Crazy price.

I've read the annual report, considered the debt, considered the EPS, considered the likely impact of interest rate rises, the overcapacity in the industry (which I think is more restaurants than pubs) and the worst outcome from Brexit and I think 7.4% dividend yield cannot be ignored.

To my mind increasing interest rates, withdrawal of economic stimulus by BOE reflects an improving economy, not one where the consumer is failing to buy.

[gerdmuller] 28/2/2018 15:27

Hanson never agreed with Lawro. Lawro never agreed with Shearer. Shearer never agreed with Wrighty. Just watch Match of the Day and it will give you the answer to all those eternal questions.

[tarlok] 28/2/2018 13:53

Think your right about brokers ! Liberum Capital today says £1.40 and Buy ? are they looking at the same company as HSBC ? ( hold and target £1.00 !!

[llef] 28/2/2018 12:29

FT are reporting that Prezzo are going to close 100 (out of 300) pizza places, and all 33 of the chimchanga mexican chain

maybe its not directly competing with marston, but on top of Jamie Oliver & Byron closures, i guess it does show that casual dining is in a tough place right now

cheers

[jeffian] 27/2/2018 19:22

The market fell out of love with Marstons in 2009 when it surprised them with a deep discounted rights issue (11:10 at 59p which was then a 60% discount to market value) and cut the divi. The market doesn't like surprises like that; it has a long memory and doesn't forgive easily.

[spacecake] 27/2/2018 18:44

Looks like the market has fell out of love with Marstons, here we are back at 2008 prices,the boards done ok though.

[ttg100] 23/2/2018 09:35

excellent post RC it just about sums up everything I am thinking - still not committed

[russell crowe] 23/2/2018 09:25

Pub chain and brewer Marston’s (LSE: MARS) took a bold step when it acquired rival Charles Wells in 2017.

But the deal seems to have worked out well so far.

Charles Wells brewing portfolio has added names such as Courage and Bombardier to Marston’s brands like Pedigree and Hobgoblin.

Acquiring the smaller firm’s pub estate has also increased Marston’s presence in London and the South East, two important markets.

Like other pub groups, this firm has already endured a difficult few years of reshaping and updating its pub estate.

This process is now starting to deliver results, with growth in sales and underlying earnings during the 16 weeks to 20 January.

Like-for-like sales rose by 2.6% in Taverns and by 1.1% at Destination and Premium locations, excluding the impact of two snowy weeks during the period.

What could go wrong?

One headwind at the moment is the restaurant sector, which is struggling with overcapacity and discounting heavily.

If consumer spending weakens, pubs could be forced to cut their own prices in order to attract customers.

As things stand, Marston’s earnings are expected to remain flat at 14.2p per share this year.

A dividend of 7.7p per share is expected by brokers, giving a forecast P/E of 7.2 and a prospective yield of 7.5%.

These shares are on my watch list.

[richie1218] 23/2/2018 09:22

Two 7.5% yielders I’d buy with £2,000 today

Roland Head
,
Fool.co.uk•22 February 2018

Shares of Go-Ahead Group (LSE: GOG) rose by 14% in early trade on Thursday, after the firm surprised investors with a strong set of half-year results.

Shares in the bus and rail operator are still worth 35% less than they were one year ago, but these half-year results suggest that the company may have turned the corner. Today I’ll explain why I believe Go-Ahead could be a great recovery buy for income investors.

But before that, I’m going to take a look at another out-of-favour FTSE 250 stock with a tempting 7.5% yield.

A fine pedigree

Pub chain and brewer Marston’s (LSE: MARS) took a bold step when it acquired rival Charles Wells in 2017. But the deal seems to have worked out well so far. Charles Wells brewing portfolio has added names such as Courage and Bombardier to Marston’s brands like Pedigree and Hobgoblin.

Acquiring the smaller firm’s pub estate has also increased Marston’s presence in London and the South East, two important markets.

Like other pub groups, this firm has already endured a difficult few years of reshaping and updating its pub estate. This process is now starting to deliver results, with growth in sales and underlying earnings during the 16 weeks to 20 January.

Like-for-like sales rose by 2.6% in Taverns and by 1.1% at Destination and Premium locations, excluding the impact of two snowy weeks during the period.

What could go wrong?

One headwind at the moment is the restaurant sector, which is struggling with overcapacity and discounting heavily. If consumer spending weakens, pubs could be forced to cut their own prices in order to attract customers.

As things stand, Marston’s earnings are expected to remain flat at 14.2p per share this year. A dividend of 7.7p per share is expected by brokers, giving a forecast P/E of 7.2 and a prospective yield of 7.5%. These shares are on my watch list.

[richie1218] 23/2/2018 09:17

Two 7.5% yielders I’d buy with £2,000 today

Roland Head
,
Fool.co.uk•22 February 2018

Shares of Go-Ahead Group (LSE: GOG) rose by 14% in early trade on Thursday, after the firm surprised investors with a strong set of half-year results.

Shares in the bus and rail operator are still worth 35% less than they were one year ago, but these half-year results suggest that the company may have turned the corner. Today I’ll explain why I believe Go-Ahead could be a great recovery buy for income investors.

But before that, I’m going to take a look at another out-of-favour FTSE 250 stock with a tempting 7.5% yield.

A fine pedigree

Pub chain and brewer Marston’s (LSE: MARS) took a bold step when it acquired rival Charles Wells in 2017. But the deal seems to have worked out well so far. Charles Wells brewing portfolio has added names such as Courage and Bombardier to Marston’s brands like Pedigree and Hobgoblin.

Acquiring the smaller firm’s pub estate has also increased Marston’s presence in London and the South East, two important markets.

Like other pub groups, this firm has already endured a difficult few years of reshaping and updating its pub estate. This process is now starting to deliver results, with growth in sales and underlying earnings during the 16 weeks to 20 January.

Like-for-like sales rose by 2.6% in Taverns and by 1.1% at Destination and Premium locations, excluding the impact of two snowy weeks during the period.

What could go wrong?

One headwind at the moment is the restaurant sector, which is struggling with overcapacity and discounting heavily. If consumer spending weakens, pubs could be forced to cut their own prices in order to attract customers.

As things stand, Marston’s earnings are expected to remain flat at 14.2p per share this year. A dividend of 7.7p per share is expected by brokers, giving a forecast P/E of 7.2 and a prospective yield of 7.5%. These shares are on my watch list.

[ttg100] 21/2/2018 13:48

if hits 100 again could be DB ?

[spacecake] 20/2/2018 20:36

The old inverted H&S trick or a new low, decisions, decisions

[11_percent] 18/2/2018 18:23

Indeed......I have never seen a Broker forecast which has been correct.

[the deacon] 16/2/2018 18:53

Don't take any notice of broker notes mate

[tarlok] 16/2/2018 18:00

Just realised why share price is stuck £1.03 to £1.05 ,broker note today from HSBC , hold and share price target down from £1.15 to only £1.00, explains why its about the only share down over the last couple of days .

[yamba] 16/2/2018 13:47

Just started a position. Langton posted when shares were 112p hence historic yield quoted correctly at 6.7% but now at 104, assuming div forecasts are correct at 7.72p next year, the shares yield 7.4% prospective. Two times doc cover, surely one to tuck away for the income and a little bit of price recovery?? It may not be a crypto currency but should allow me to sleep at night :)