Marston's Share Discussion Threads

[redartbmud] 21/5/2015 08:07

jane

Not all of the institutions that hold Mars shares would appear to vote on the remuneration package. The number of overall shares voted is well below 50% of shares in issue. What does that tell you?

[janekane] 21/5/2015 05:38

Buyers equates to a rise in price

[skinny] 20/5/2015 11:51

No, perhaps not - but better than a reduction I'd have thought.

[jeffian] 20/5/2015 11:37

Not sure that tells us anything, Skinny. Brewin Dolphin are brokers! It's just the aggregate position of all their Nominee Accounts.

[janekane] 15/5/2015 11:36

RED
I could not agree more however the balance has to be fair for both parties
we need a good collective of directors and a good /fair pay package
but again we seem to get gold plated packages
the choice of votes regarding remuneration show we have a balance acceptable to all parties

[redartbmud] 15/5/2015 09:12

jane

Too often companies award obscenely excessive remuneration packages to executives, and you still get monkeys. They are just eating gold plated peanuts.

[janekane] 15/5/2015 07:14

The owners of the company are showing their disdain at directors remuneration package
Trouble is if you pay peanuts you get monkeys ,however it's quite right for the owners of the company that they should scrutinise these pay rises and voice their opinions or even block excessive rises

[irnbru2] 14/5/2015 23:37

No change there, then.

[redartbmud] 14/5/2015 23:10

I can see a very significant increase in directors' remuneration.

[poleaxe] 14/5/2015 16:07

As expected.

[rmillaree] 14/5/2015 15:23

Acceptable :)

[janekane] 14/5/2015 15:04

Verry good

[skinny] 14/5/2015 07:01

INTERIM RESULTS FOR THE 26 WEEKS ENDED 4 APRIL 2015

REVENUE AND EARNINGS GROWTH SUPPORT INCREASE IN DIVIDEND


FINANCIAL HIGHLIGHTS
· Underlying Group revenue up 3% to £384.5 million
· Underlying profit before tax up 2% to £29.6 million, despite disposals and anticipated pension costs
· Underlying earnings per share up 2% to 4.2 pence per share
· Interim dividend up 4% to 2.5 pence per share
· Estate valuation reveals £54 million increase - 40% increase on build cost for new-builds

OPERATING HIGHLIGHTS
· Destination and Premium: Like-for-like (lfl) sales up 1.5%, underlying operating profit up 10%, operating margin up 0.5%
· Taverns managed and franchised: Lfl sales up 1.4%, profit per pub up 19%
· Leased: Profit per pub up 4%
· Brewing: Underlying revenue up 9%, ale volume up 4%, underlying operating profit up 10%, operating margin up 0.1%

STRATEGY HIGHLIGHTS
· New-build development: Completed 8 new-builds in the half year
· Franchise expansion:37 pubs converted to franchise; now 520 pubs
· Disposal of smaller wet-led pubs: Disposal proceeds of £26 million, including sale of 65 pubs, improving average estate quality and returns
· Brewing: Acquisition of Thwaites' brewing operations completed in April 2015

CURRENT TRADING - 5 WEEKS TO 9 MAY
· Managed lfl sales up 2.0% including lfl food sales up 1.8% and lfl wet sales up 1.7%
· Taverns lfl sales up 2.8%
· Leased profits and own-brewed volumes in line with expectations


more....

[janekane] 14/5/2015 03:59

Watch this space

[janekane] 13/5/2015 16:14

Enterprise inns to concentration its portfolio of pubs on the managed house scenario
They will dump enough of their property to finance a takeover of another Brewer/pub company
Marstons will fit nicely into their portfolio
Watch this one its on the radar screen

[skinny] 09/5/2015 08:11

More by luck than judgement (greed) I held.

[jeffian] 08/5/2015 23:25

Special dividend? I doubt it.

"Our dividend policy remains to target consistent progressive increases in dividend at a cover of around 2 times over the medium term."

Div cover currently 1.7X

[gbb483] 08/5/2015 23:20

Half year results on the 14th - special dividend.

[leeson31] 08/5/2015 20:42

Did you hold or sell skinny? Imo its looking ok still,now, re tory vote...

[skinny] 08/5/2015 14:51

If you read the link that I've posted, you will see the words :-

"Interim dividend: July 2015"!

[jeffian] 08/5/2015 11:09

Why wouldn't we?