Marston's Share Discussion Threads

[salchow] 24/11/2016 12:57

Not got the time to look at debt maturities but what happens when interest rates rise on their very significant borrowings? I presume this is one of the main reasons for the short positions.

[defcon3] 24/11/2016 12:33

It's a buy for me at this level. Market cautious over debt, but MARS in growth phase, hence why debt slowly coming down. Great figures today, and nice div too

[stever705] 24/11/2016 12:08

Put a cheeky buy order in at 130p at open, might yet be placed

[skinny] 24/11/2016 12:08

Fwiw - @5.4% yield currently.

[skinny] 24/11/2016 12:06

Panmure Gordon Buy 132.60 175.00 175.00 Retains

Shore Capital Buy 132.60 - - Retains

Canaccord Genuity Hold 132.60 150.00 150.00 Reiterates

[spacecake] 24/11/2016 11:22

Rather than continue as a building and property company Marston should revert back to brewing and selling beer diverting their capex from building lodges etc to debt reduction. Building a new toy craft brewery when you own umpteen already is madness.

It also seems to me that the banks have got Marston by the b*lls.

[essentialinvestor] 24/11/2016 09:33

The market atm does not appear to want fat yearly CAPEX Spend.

[ianood] 24/11/2016 09:28

Its extended because of the very nature of the underlying property assets

[r ball] 24/11/2016 09:24

maturity and interest rate profile of debt crucial.

[essentialinvestor] 24/11/2016 08:58

RB, if you ignore the debt yes.

I notice the sale and leasebacks are excluded from debt metrics.

[janekane] 24/11/2016 08:56

This drop is Unbelievable I am hanging on today or tomorrow to see what the reaction of the market is if this drop is sustained then I intend to invest another £10 k the divi is great the pension deficit will come good

[r ball] 24/11/2016 08:08

Fwd PE of less than 10. Hmmm

[lord gnome] 24/11/2016 07:45

The pension valuation hit was nasty but it will take care of itself as interest rates start to rise again. All in all a very decent set of numbers.

[neilyb675] 24/11/2016 07:43

£1.53

[r ball] 24/11/2016 07:41

A bit more than headline. Slower rise in min wage will also help.

[neilyb675] 24/11/2016 07:37

£1.52

[r ball] 24/11/2016 07:34

£1.50

[r ball] 24/11/2016 07:33

£50m pension hit too.

[r ball] 24/11/2016 07:32

£17m hit on interest rate swaps!!

[neilyb675] 24/11/2016 07:31

Very good results ✔

[spoole5] 24/11/2016 07:09

Positive results and encouraging outlook. Now yielding 5.3% and divi up 4.4%. 1.30 then?!!

[diku] 23/11/2016 15:55

130p again?...

[redartbmud] 23/11/2016 12:11

EI

You may just be right.