Marston's Share Discussion Threads

[baticle] 25/6/2018 17:34

I think the Weather will be a significant factor this Year, I think this is one of the most consistent runs of warm and dry Weather we have had for a long while. People
want to be out and about spending money and there's nothing better than taking down that Ice cold beer with your mates in the beer Garden.
We've got a month to wait for the next trading update and all will become clear.

[ed 123] 25/6/2018 14:11

Marstons declared short positions at or above 0.5% edged up recently, to stand at 3.5%. So, there are some institutions hoping for a fall.

We might get a market moving event in three days (whether up or down!). Greene King finals are to be released on Thursday.

The heat and the football should be helping the outlook for H2?

Hoping for a good narrative from GNK's CEO and read across to Marstons.

Thanks to regular posters here. Good to read the various viewpoints and angles. :-)

[knowing] 25/6/2018 14:04

Pubs are packed this lunchtime

[ianood] 25/6/2018 11:30

doh! Another one for the filter button

[dinvester] 25/6/2018 10:43

Good post.

JaneKane: "This is a great company the problem here is the CEO who needs to change course He should stop spending money he can ill afford put all spending on hold and sell all the land banks this after gaining planning for housing on these sites thus doubling / trebling up on purchase cost Swap another 50 free holds to lease buyback deals 4% rent 25year term then revert back to Mars Use this to pay down debt Put a pay freeze on all exec pay abolish all bonus options for these for the next 5 years Drop the divi to 5% High divi,s above 4//5% are rarely sustainable with this amount of debt"

[dinvester] 25/6/2018 09:59

Jeffian

Like I said.

"New openings on track, modest reduction to capital plans for 2019

- Six pubs and bars opened; on target to open 15 for the financial year"

OK?

[jeffian] 24/6/2018 16:51

"Interesting to see that the plans are to buy and build more properties."

dinvester, I'm afraid you don't come across as very well informed about this company and sector. Like most brewers and pubco's since the 2008 crash, the policy has been to dispose of properties at the 'bottom end' and reinvest in better quality properties at the top and this has been going on for years.

2017 AR said "Cash proceeds of £61.2 million have been received from the sale of 41 pubs and other assets, including £38.4 million of leasing transactions. Disposal proceeds of around £45-50 million are anticipated in 2017/18."

[ny boy] 24/6/2018 12:45

Heatwave coming pubs packed, come on England 🏴󠁧󠁢󠁥[7614;󠁧⏘31; and come on Marstons!

[careful] 24/6/2018 08:34

Debt is cheap right now.
Low cost of capital vs high return on capital is how fortunes are made.
It is called capitalism.

[dinvester] 23/6/2018 21:50

Interesting to see that the plans are to buy and build more properties.

[jeffian] 23/6/2018 19:59

"£1,532,000,000,000.00 (£1.532 Billion)* DEBT. Wow!"

£2,367,400,000,000.00 of mainly freehold property assets. Wow! I don't know if you have/had a mortgage on your home, dinvester, but a 65% loan-to-value ratio is not that racy. No need to Laugh or Cry. Just Think.





(* Actually £1.059bn net debt excluding lease financing)

[dinvester] 23/6/2018 17:27

£1,532,000,000,000.00 (£1.532 Billion) DEBT. Wow!

[cc2014] 22/6/2018 16:52

Some large auctions on other stocks too.

It looks to me like someone dumping "trade wars" stocks and buying UK stocks where minimal or little trade with other countries.

[ed 123] 22/6/2018 16:50

Very big uncrossing trade (2.2 million shares) at the day's high (101.6p).

There's a keen buyer in the market.

See what Monday brings.

[knowing] 22/6/2018 15:44

I need a beer...........off to the Pub

[dinvester] 22/6/2018 15:06

The fact that the Chairman jumped ship and the Finance Director resigned close together last year, creates a big question mark to any potential partners or acquirers.

[chinese investor] 22/6/2018 14:39

Good post GerdMuller Lite !

[gerdmuller] 22/6/2018 14:23

The rise can only be down to 3 things.

The co2 has just come back.
The sun has just come out.
Or England have just won a match.

Nothing else seems to matter with these.

[jeffian] 21/6/2018 11:31

Yes, any beer dispensed under pressure requires CO2, both to force the beer out of the taps and to add 'fizz' as keg beers and lagers which have been pasteurised have the natural fermentation process 'killed' and would be flat otherwise. Although I do remember a time in my youth in the West Midlands when Banks's used to dispense their ale through a glass cylinder vacuum pump on the bar which delivered precise half-pint measures. It knocked the sparkle out of the beer though.

[bonnard] 21/6/2018 07:52

Reading the DT, it seems Heineken need CO2 for dispensing their products.

[cc2014] 21/6/2018 07:46

It will be interesting to see if the Co2 issue is limited to Heineken and therefore all other producers will benefit as they pick up the slack or whether it becomes an industry wide issue.

I'm struggling to understand Heineken's position. It's my limited understanding that Co2 is not used to put bubbles in the lager - or at least that was the position 20 years ago - perhaps they now "top up" the level of bubbles by injection and mess with it like they mess with everything in the food chain.

so, is this issue limited to certain beer products or all of them? and why Amstell and John Smiths only so far? why not all the Heineken product or are they prioritising certain products?

What do I know is that to some extent cask beer can be ramped up which carries higher margins to compensate and if anyone is going to struggle it will be JDW was they don't make beer and surely suppliers are going to keep it for their own pubs if there is short supply?

It sure will be interesting

[ianood] 20/6/2018 18:11

CC2014 - re debt and IRs's we are now singing from the same hymn sheet :)