Share Name Share Symbol Market Type Share ISIN Share Description
Marston's Plc 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
  +0.80p +0.66% 122.30p 122.20p 122.50p 124.50p 120.30p 124.10p 514,810 09:38:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,141.3 54.3 7.1 17.2 775

Marston's Share Discussion Threads

Showing 4501 to 4524 of 4775 messages
Chat Pages: 191  190  189  188  187  186  185  184  183  182  181  180  Older
DateSubjectAuthorDiscuss
15/5/2019
23:14
Have corporate bond yields fallen in the period? Surely they've been on the floor for ages?
jeffian
15/5/2019
20:16
Fenners - 'The deficit on our final salary scheme was GBP23.0 million at 30 March 2019 which compares to the GBP15.6 million surplus at last year end. The principal driver of the move to a deficit is the lower discount rate as a consequence of falling corporate bond yields in the period. In addition, an allowance of GBP4.6 million has been recognised in respect of Guaranteed Minimum Pension equalisation following the conclusion of a recent court ruling in respect of this matter.'
quady
15/5/2019
17:30
The title of this thread is correct.
jeffian
15/5/2019
17:27
But who on earth would acquire a business with six antiquated breweries ? Who knows they might buy another one, that would be fun.
spacecake
15/5/2019
11:38
I need this to get to 120 to break even, please god. At least they have scaled back their expansion plans, daft to keep taking on debt to expand into what, a shrinking market in the UK which looks like it is on the verge of a hardcore brexit fiasco reccession whichever way the sxxtshow now goes. The managemnt seem pretty poor like most ftse 350 dross, a takeover would be heaven. 140 take out price.
porsche1945
15/5/2019
11:27
The share price has been going down for 3 years, it will feel like moving heaven & earth to get back up to that level (160p), 6 years, longer or beyond my lifetime ? RF - Please don't increase the dividend before introducing a share buy back and cancellation scheme.
spacecake
15/5/2019
11:25
I do wonder at the missing detail from the "interest rate swap" what is the cost - its all right saying that its neutral over time - but what risk are they assuming in order to gain the interest reduction ? These things do not come for free. Massive swing to pension deficit - passed off as if its not a problem - gilt rates and mortality (?) really what about the guaranteed minimum pension equation of women vs men that has just gone through the courts ? And why have I heard nothing about gilts and mortality from other companies pensions ? Debt ratio looks far too high. Yield looks good - but so did Vodafone until yesterday then the divi cut - so you cannot believe company plans for divis until you actually receive the cash ! Will read some more - I am interested in the divis but only if they are sustained.
fenners66
15/5/2019
11:01
Looking at the volume today so far - I assume that the perception is positive. Indicators on the up too. free stock charts from uk.advfn.com
skinny
15/5/2019
10:50
Agreed illswigig, pedestrian, similar to my thoughts on last year. I wondered then and do again now wonder if market reaction is due to a superficial view on statutory profit change. I kinda get that about the pension valuation. My confusion was more that the triennial review was reported last May as a deficit, yet on the same day a surplus was reported in the interim results. As you say it'll be accountancy widadary but it makes it all the harder to judge when the additional contributions will actually stop. That £8m/year being freed up was part of the debt reduction story at the AGM.Its not much compared to the debt pile but is 10% of pre-tax profit which isn't to be sniffed at.
quady
15/5/2019
10:36
I am neither excited nor disappointed by these results. Pedestrian - as Jeffian has said. But then I rather think thats the nature of the beast - and I would be rather worried if it starts to gallop! I also wondered what the £4m on the brewery integration was about! Pension contributions are set by the triennial review by the Actuary with the Trustees. Annual swings are just superficial balabce sheet adjustments based upon long term yield and mortality changes - not real. If anything in pension accounting can be said to be real. Payments won't change until the outcome of the next triennial review. cheers
illiswilgig
15/5/2019
10:19
Clearly I know nothing, I was more disappointed by this year's midyear than last year but Mr Market thinks the opposite. £4m on Charles Wells integration sounded very suspicious to me, was a bit less last year and it was only a £55m deal done two years ago. Kinda glad the pension 'swung to a deficit'. Was confused last time how it was in surplus yet £8m/year additional contributions required for what, five years? Unclear how much the refinancing to reduce interest has cost upfront. IFRS16 to cause a significant impact for 19/20. Ok, that's an accountancy thing rather than cash flow, but at the AGM it's impact was downplayed.
quady
15/5/2019
09:58
Hmmmm! Plod, plod, plod. I suppose it's forward motion, but very pedestrian. One would like to see a greater sense of urgency from management.
jeffian
15/5/2019
09:47
End of June 2019 !
chinese investor
15/5/2019
09:32
How soon exactly ? -):
luderitz
15/5/2019
08:38
120p Soon Then !
chinese investor
15/5/2019
08:36
JP Morgan Cazenove Overweight 105.70 123.00 Reiterates
skinny
15/5/2019
08:10
Peel Hunt Add 101.20 115.00 Reiterates
skinny
15/5/2019
08:09
GO GO HORSEY !
chinese investor
15/5/2019
07:19
What about that swing from surplus to deficit in the pension scheme - £38m ?
fenners66
15/5/2019
07:10
As expected !
chinese investor
15/5/2019
07:07
Interim results for 26 weeks ended 30 March 2019. · Underlying revenue and earnings growth in all trading segments · Like-for-like operating margins in line with last year · Managed and franchised like-for-like sales +2.2%, up 3.2% in last 10 weeks of period - Destination and Premium like-for-like sales +1.2%, Taverns +3.9% - Managed and franchised like-for-like operating margins in line with last year - Average profit per pub +1% · Continued organic growth in Brewing - Revenue +8%, own-brewed and licensed volumes +4% - Stable margins, operating profit +8% - Positive benefits from new distribution contracts - Leading market shares: on-trade premium ale 22%, premium packaged ale 28% - No.1 UK exporter of ale · Good progress on debt reduction plan - Earnings growth achieved, H1 operating cash flow +6% at £66.8 million - At least £5 million annual interest savings for next 5 years following swap reprofiling - Target to reduce net capex by £30 million in 2019 and further £25-30 million in 2020 - Targeting £120 million disposal proceeds 2020-2023 · Outlook and dividend - Interim dividend maintained at 2.7 pence per share, as previously guided - Momentum maintained into the second half of the year, strong Easter trading - Confident of meeting our earnings expectations for the full year Commenting, Ralph Findlay, CEO said: "I am pleased to report continued growth across all segments of the business. Our Taverns wet-led community pubs have built on the strong trading performance last year and it is particularly encouraging to see our food-led pubs once again achieving increasing momentum in profitable like-for-like sales growth. Our leading Brewing business goes from strength to strength, winning new distribution contracts and continuing to grow market share. "We remain focussed on our strategic objectives and good progress has been made with our stated aim to improve cash generation and reduce the Group's leverage. Whilst the backdrop of ongoing uncertainty around Brexit continues to be challenging, opportunities for growth remain and we are confident of delivering another year of profitable growth for our shareholders."
skinny
01/5/2019
11:58
Directors spread ever thinner ... Matthew Roberts, a Non-executive Director of Marston's PLC, and Chairman of the Audit Committee, has been appointed Chief Executive of intu properties plc, with effect from 29 April 2019.
spacecake
26/4/2019
10:45
It's also a good day for pubcos generally. Indicators ticking up. free stock charts from uk.advfn.com
skinny
26/4/2019
10:44
At 103.2 at the moment and as we can see from the chart above resistance is at 104. It looks to me like someone is collecting stock as cheap as possible and trying not to move the price. Bit by bit they keep having to nudge it up a tad. Maybe maybe this time we can sustain an attack on 104 without falling back to 100 first.
cc2014
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