Marston's Share Discussion Threads

[fangorn2] 10/10/2011 10:05

Where abouts in St Ives is the new pub out of interest. My old man lives up that way and am due to visit him next week. Would be interested to pop by.Cheers

[pem5] 07/10/2011 22:48

Recently opened a new pub in St Ives Cambridgeshire.Looks very busy although yesterday evening could not say how long the wait was for a table and people were walking out because of the wait. Not good for reputation?

[jeff h] 05/10/2011 19:47

Only Investec say Sell and as it is a re-iteration then they held that view for whatever reason before today's update.

Marston's: Altium Securities confirms buy rating and 120p target.

Marston's: Peel Hunt keeps buy rating and 130p target.

Marston's: Charles Stanley keeps buy recommendation and 130p target.

Marston's: Investec reiterates sell rating and 75p target.

[jeff h] 05/10/2011 19:40

Interesting that wskill, seems to be at odds with other brokers.

I wonder why they are so negative?

Shore Capital apparently aren't as they've upgraded after todays news from Hold to Buy.

I'll also be interested to hear what pub guru analyst Douglas Jack thinks.

A few days ago he was saying:-

"We expect managed pub trading to have been resilient with full year like-for-like sales achieving our 2.5% target. We expect the leased estate to generate like-for-like profit and total profit growth in 2011, largely due to the success of the retail agreement conversion programme. Overall, we expect to hold our forecasts."

...well as we know managed lfl's came in at 2.9%

[wskill] 05/10/2011 19:16

Found the offending downgrade Investec have a new target of 75p.

[randomwalker] 05/10/2011 19:08

This trading update was most definitely NOT a profit warning. Really, it was a profit affirmation

Annualised dividend yield about 7% !

As to the Sky Sports ruling: very good for pubs....if it is upheld

I have bought today in decent size, and consider Panmure's target reasonable

[jeff h] 05/10/2011 19:02

Yes, very surprising.

Not read anything -ve, a pub landlady won a EU court decision yesterday to allow Prem footie to be shown in her boozer (a Greene King tenancy) via a decoder from Greece and thus not subscribing to Sky.

Whether this is +ve or -ve for the large pub companies I've not read.

Panmure happy with today's update:-

Marston's (MARS) retained its "buy" rating from Panmure Gordon, with a target price of 130p. The pub group had a strong finish to the year says the broker, with like-for-like sales growth of 2.9% in managed pubs during the last 10 weeks. Panmure notes that the group has opened 19 new managed pubs, with one more to be completed in November, and a further 25 scheduled in the 2012 financial year. The shares dropped 5.75p to 84p

[mctmct] 05/10/2011 16:40

Bonkers. This looks like a screaming buy to me.

[jeff h] 05/10/2011 11:17

I note that GNK is down today as well - perhaps some industry specific negative news floating about

[spacecake] 05/10/2011 10:26

Excellent update in a very difficult trading environment, not sure what the market wants or expects anymore but if MARS can keep delivering the numbers sanity will resume at some point.

I would like to see more energy efficient high spec new builds - pubs for the 22 century.



Keep on!

[wskill] 05/10/2011 10:10

Looks good to me but what do I know seems the city does not like companies to deliver good results I am also a shareholder in SIV which yesterday increased profits by 23% and the divi by 30% for next to no reaction in the share price still holding MARS for the long term well done to the management I say keep up the good work.

Looks like this good news has caught them with their shorts down L2 is being attacked by tiny AT sells 100 shares at a time of course their is always 2 sides to an AT trade a buyer and a seller never the same person or so they tell us.

[jeff h] 05/10/2011 08:54

redartbmud - only a few days ago Peel Hunt said:-

"We expect Marston's managed LFL sales growth, which was +2%
in the ten weeks to 23 July, to flatten to c+1% for the final quarter."

....what we learnt today:-

"Like-for-like sales for the 10 weeks to 1 October 2011 were up 2.9%."

Peel Hunt have lfl's in the Managed pubs forecast at +1% for 2012 to give forecast EPS of 12.5p and a Dividend of 6.3p.

.....too cheap imo

[redartbmud] 05/10/2011 08:15

Jeff H

Figures not too bad, but they have a long way to go.
Definitely not the time for re-rating.

[jeff h] 05/10/2011 08:06

That's a good trading update, better than expected lfl's in the Managed business.....should be re-rated now.

[deanforester] 27/9/2011 22:53

Why the fall?

[jeffian] 10/9/2011 14:46

There was extensive discussion of MARS' debt/interest profile from posts #921 onwards.

[dugganjoe] 10/9/2011 12:36

3 month libor rising steadily which will make their debt more expensive imho

[bigbertie] 02/9/2011 22:09

study claims that pub visits per household have dropped 20% in recent months compared to last year. No detail by pub group unfortunately.

[contrarian2investor] 11/8/2011 00:29

Well I am waiting to repurchase MARS. I feel that I might get an opportunity during or when all this market turbulence is over with to get in at a ridiculous.

[energyi] 08/8/2011 10:39

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[bigbertie] 27/7/2011 11:38

Hmmm - looks like things are ok, but only ok. I'm hanging on - perhaps we'll win the test series and the sun will come out again. Good luck all.

[deanforester] 27/7/2011 09:49

The IMS looks encouraging to me, especially the growth in premium cask ales.

[contrarian2investor] 26/7/2011 21:22

I bought back into these recently as I am expecting some good news tomorrow. MARS will either finish the day above £1.10p or trigger my stop-loss @ £1.00p.

[ssords] 25/7/2011 18:10

INV interesting news about the perks. I employ stockbrokers to manage my stuff-found it increasingly diff to keep on top of paperwork. They do a good job but I do fail to get annual a/cs ,perks etc. Have stayed at Marstons recently and found them excellent so surprised at their lack of share price upward momentum.
Ssords