Marston's Share Discussion Threads

[ed 123] 27/7/2017 12:44

Also, Barclays Capital cuts target price from 130(?)p to 115p.

[philanderer] 27/7/2017 12:39

27th july HSBC ' hold ' tp 115p cut from 150p

[ed 123] 27/7/2017 12:17

Spacecake

Lucid. :-))

[spacecake] 27/7/2017 11:51

Fangorn2,

You are concentrating your european thoughts on extremes rather than the average, europe has no indigenous population, the migration from the cradle of humanity has been ongoing for hundreds of thousands of years. Marstons is safe from any possible takeover due to is poison pill defence of being up to its eyeballs in debt while at the same time limping along and over compensating the terrible management for a poor job.

[elmfield] 26/7/2017 21:11

Or youngs!

[fangorn2] 26/7/2017 20:32

Make sure it's in a Marstons!!!

Failing that a Wetherspoons :)

[chinese investor] 26/7/2017 20:31

Fangorn2,
That's worrying...I think I'll have a beer !

[fangorn2] 26/7/2017 20:25

"Dream on jane, who in their right mind would want to take on a rusting old collection of inefficient brewing assets swimming in a debt lake based on an island off the coast from europe."

Someone who wanted to shift their assets out of an imploding European Union for starters!!!

Europe destined for civil war...

Eastern Europe doesnt want forced migrants.
Southern Europe is sinking under tidal wave of bogus refugees
Northern Europe is experiencing rising rape,petty crime and civil disorder from such migration. Eg Sweden,Germany

Indigenous populace of Europe has had a bloody enough.

Who's going to buy Marstons - a company wanting to shift assets/cash out of the blazing inferno that will be Europe within 5 years is who.

There's also the consideration that Sterling has fallen significantly so an acquisition is relatively far cheaper now than it was twelve months ago!

[jeffian] 26/7/2017 19:44

#2143,

I meant, a bid from whom? Heineken are having Competition and Merger issues already in trying to progress their bid for Punch. I doubt the authorities would wave through a bid from an international brewer which already owns substantial UK pub and brewing assets.

The irony is that the 1989 Beer Orders were supposed to attack a 'monopoly' (although it was referred to as "a complex monopoly" whatever that is, presumably to get round the fact that 6 majors and a host of regionals can't, by definition, be a 'monopoly'!) and now all we are left with are 2 'national' integrated brewery/pubco's (MARS and GNK) and the remains of the pure pubco's (PUB and EIG) hobbled by debt and attacks on their business model via the loosening of the 'tie'. One has to wonder what has been achieved but, other than at the smaller end of the market, it's difficult to see the Government allowing any further consolidation.

[spacecake] 26/7/2017 18:31

Dream on jane, who in their right mind would want to take on a rusting old collection of inefficient brewing assets swimming in a debt lake based on an island off the coast from europe. Please at least try to be rational.

[janekane] 26/7/2017 13:13

defanate target at this price

[pugugly] 26/7/2017 12:27

Canaccord - Hold target price reduced from 145p to 130p

[skinny] 26/7/2017 12:23

Liberum Capital Buy 117.70 140.00 140.00 Reiterates

[redartbmud] 26/7/2017 10:51

jeff

Best not write the commentary after a heavy session on the Pedigree.
rose tinted...:-)

[jeffian] 26/7/2017 10:20

I'm afraid it's what I always say on this thread - they're plodders and these results are pedestrian. They suffer by comparison to yesterday's update from Fuller's where like-for-like in Managed was up 6.5%, Tenanted up 5% and brewing up 5%. "In the most recent 12 weeks of the period, like-for-like sales were up 0.6% which continues to be ahead of the market." Phooey! What market is that? I still hold quite a lot of MARS shares because they do a job for me - I think they will plod along paying a dividend and not getting themselves in too much trouble - but they really are a rather sleepy bunch.

[defcon3] 26/7/2017 10:12

It was a solid enough update, in line with expectations. A clear buy at these levels - especially with a medium/long outlook

[gswredland] 26/7/2017 09:40

I wouldn't be adding at those prices.

[skinny] 26/7/2017 09:03

I picked these up in 2011 for 93.47p - I didn't expect them to be this low again - looking to add at some point and have just taken a S/B @116.6p


Numis Add 116.60 145.00 145.00 Reiterates

Peel Hunt Add 117.55 140.00 140.00 Reiterates

Shore Capital Buy 117.55 - - Reiterates

[essentialinvestor] 26/7/2017 09:02

Many of the major operators carrying huge amounts of debt
right at the top of the cycle with medium term returns under pressure.

Yes there is asset backing but that's also subject to downward pressure
with a tougher operating environment, all just IMV only, as always DYOR.

[philoosh] 26/7/2017 08:54

How is it that the business model is good, profits were made, beer is flowing and yet the share price is going down. This ain't good!

[janekane] 26/7/2017 08:09

Yes we are leaving ourselves vulnerable to a hostile bid from the likes of Hieneken
Mars and Hieneken are coming closer together with their trading dealings

[diku] 26/7/2017 07:42

100p coming?...