Marston's Share Discussion Threads

[racg] 09/9/2017 16:31

!owenoughalready, Mr Market.

[essentialinvestor] 09/9/2017 11:45

They may do well to rethink some of the expansionary CAPEX.

[exel] 09/9/2017 10:48

Agreed, Mister MD - doing sums on these, suggests each was £25k incl dealing comm and SDLT. What is perhaps impressive is that our CEO did not hesitate when he saw 'his' stock trashed by the GNK announcement (through no fault of MARS, other than death by sector association) hitting the button twice and making sure the RNS went out 'same day' (unusual but understandable). He is already a major shareholder, so fair play to him for supporting his own company (not every CEO would do this!). I also toyed with a substantial top-up at around the same level, but held back as it rallied above 106p. Was then out of touch later on yesterday and will re-think the whole position ahead of the MARS year end update. Problem could be that the often over-borrowed UK consumer is clearly in retreat in the face of Brexit et al. How much this is impacting MARS remains to be seen. But clearly the GNK update (albeit more recent than MARS) is at odds with MARS latest. We'll know much more on 10th October, but I suspect MARS is doing less badly than GNK. The recently announced director departure and management streamlining etc suggests there are cost pressures, but that they are being managed.

[mister md] 08/9/2017 14:24

decent director buys there - 47,121 shares

[richie1218] 08/9/2017 13:20

I went to our local Marstons last weekend and there was an 1/2 hour wait for a table it was packed to the rafters. topped up at 105.1p good luck all.

[spacecake] 08/9/2017 11:26

No update from Marstons until 10th Oct ... but their last one in july is the polar opposite of GNK's today, unlikely but not impossible to see that amount of change here .

[chinese investor] 08/9/2017 09:07

I topped up at 104.6p.
Will the dividend hold ?

[majka] 08/9/2017 08:58

There are plenty of students who could get the jobs in pubs to make extra money instead of spending it. I worked part time in the evening.
Unfortunately Brussels idiots want to control everybody.

[pugugly] 08/9/2017 08:38

Already being hit by read across - down 7% 105p bid - How much further will the Pub traders fall ??

[essentialinvestor] 08/9/2017 08:34

Mentioned last week what I was told re costs by a friend
who runs a large pub in Hampshire.

[lord gnome] 08/9/2017 08:13

Yes, the read-across isn't good and the market knows it. Looks like we may yet see £1 as one (or two) have predicted. Bah!

[gateside] 08/9/2017 07:19

Poor AGM statement from GNK this morning. Might have an effect here.

[cathian] 07/9/2017 10:57

Jeffian
Many thanks for the benefit of your last posting.

[jeffian] 07/9/2017 09:27

Cathian,

Re NAV, I took your previous enquiry to be suggesting that there might be a 'hidden' store of development value in the MARS estate and the second para of your #2263 seems to follow that train of thought. The answer is almost certainly 'no', partly because of the requirement for an annual revaluation (or at least reassessment) for accounting rules and, although the pubs would be valued on an 'existing use' basis, partly because the property team would have identified long ago sites which have alternative use value well in excess of existing use. There aren't many (any?) pubs left in London's Oxford Street!

[exel] 06/9/2017 23:17

Who is "happy" with the myopic, xenophobic, financially ruinous direction of travel of HMG? Suits the numpties? But not those who will have to "go global" if it comes to that. What a horrendous farce this is becoming, unless quickly checked - which I believe it will be. This next big bill will be defeated. Can't not be?

[essentialinvestor] 06/9/2017 15:30

Might be worth noting some of the comments from hospitality industries
today on the leaked immigration changes post Brexit. They are not happy.

[arf dysg] 06/9/2017 12:26

cathian (2263) "a mixed redevelopment of a Pub e.g Pub on the ground floor and Hotel and Flats above"

That's a new one on me. I would suggest retail/other but not residential would be suitable for a building including a pub.

If I were looking for somewhere to live, I wouldn't want a guarantee of noise every single night of the year. The planning laws might allow it but I wouldn't want to live there. However, your point about mixed use pub/other is interesting, so maybe if it were a pub near a town centre, then mixed pub/retail would work well. Here's a possibility: music practice studios over a pub. The musicians want to make lots of noise, and studios are often soundproofed anyway, which reduces sound coming in and going out. If the musicians wanted an audience then drinkers (who were still capable of climbing stairs) could come up and listen/applaud/dance etc.

[jeffian] 05/9/2017 19:35

An avatar has contacted me via the advfn private messaging service. I have received the message but am not allowed to reply as a 'non-subscriber'. Your assumption is correct and whilst I don't want to put my contact details up here, my address and other details haven't changed and should be available from wherever you tracked me down!

[fangorn2] 05/9/2017 17:17

Great piece JakNife, thanks for linking.

[spacecake] 05/9/2017 16:59

I wonder if the recent "signs of life" are on the back of the directorate change.

[chinese investor] 04/9/2017 16:06

"Irish drinks firm C&C has inked a deal to acquire pub chain Admiral Taverns alongside Proprium Capital Partners in a £220 million deal"

[jeffian] 04/9/2017 15:54

....speaking of which -