Mitchells & Butlers Share Discussion Threads

[irenekent] 07/7/2015 07:08

About time we got a dividend. The directors need to wake up and release some value.

[togglebrush] 14/5/2015 06:08

Interims with still NO DIVIDEND ... Highlights are:- ' Strong food volume growth drives sales progress ' Financial performance ' - Total revenue GBP1,113m, up 9.5% - H1 2015 like-for-like sales growth 1.7%(a) - Adjusted operating profit GBP153m, up 4.1%(b) - Adjusted earnings per share 14.4p, up 5.9%(b) - Net cash flow GBP47m (H1 2014 GBP43m)(c) ' Balance sheet and cash flow ' - Capital expenditure up to GBP94m (H1 2014: GBP86m), 9 new site openings and 23 conversions - Net debt reduced from year end to GBP1.9bn representing 4.4 times EBITD(d) ' Operational performance ' - Like-for-like food volume growth strengthens to +2.9% (H1 2014 +0.2%) - Operating margin 13.7% (H1 2014 14.5%)(e) reflects Orchid and volume-driven sales growth - Staff turnover at historical low of 77% (FY2014 78%); net promoter score(f) up to 65%(FY 2014 63%) - New EPOS systems live across whole estate - Orchid integration on track: office closed,synergies created, conversions performing strongly

[togglebrush] 29/1/2015 07:24

AGM Trading statement ' Sales Up but Margins under pressure

[timbo003] 06/1/2015 16:49

Also see C&C RNS issued this afternoon: http://www.investegate.co.uk/c--38-c-group-plc--ccr-/bus/statement-re-spirit-pub-company-plc/20150106150000Z7247/ and article dated Jan 6th in the Morning Advertiser: http://www.investegate.co.uk/c--38-c-group-plc--ccr-/bus/statement-re-spirit-pub-company-plc/20150106150000Z7247/

[timbo003] 06/1/2015 14:36

Jeffian, that was my understanding too, but then I read that telegraph article (dated Jan 4th 2015) I cannot vouch for the accuracy of the article and it may be sloppy reporting, but it clearly states that today is the last day C&C can make a bid (note in particular last para) PS: sounds like the reason is unrelated to that anyway (thanks for posting that philanderer)

[jeffian] 06/1/2015 12:55

timbo, It's already an agreed deal for Spirit to go to Greene King. C & C tried to gatecrash the deal. Keep up!

[philanderer] 06/1/2015 12:23

FT Alphaville couple of hours ago... Morgan Stanley on pubs, for instance. BE They like M&B. BE Not so keen on the others. BE It’s a 2015 preview and therefore a 79 page note, so don’t expect it to open quickly. Mitchells & Butlers PLC (MAB:LSE): Last: 398.60, up 20.3 (+5.37%), High: 400.40, Low: 384.90, Volume: 250.61k Changes: We are downgrading our JD Wetherspoon rating from Equal-weight to Underweight. This reflects the strong performance of the shares, slowing top-line momentum, ongoing pressure on margins, and the significant valuation premium to the peer group. While we see Wetherspoon as a strong and well-run operator with a proven and popular concept and an excellent long-term record, we think the attractions are fairly reflected in its premium multiple at the moment, and see downside risks to forecasts in the short term owing to ongoing margin pressure. We see 26% downside to our bear case and 24% upside to our bull case, leaving a wellbalanced risk-reward profile. With more attractive upside potential elsewhere in the sector, we downgrade to Underweight, with a relative preference for M&B. http://ftalphaville.ft.com/marketslive/2015-01-06/?

[timbo003] 06/1/2015 10:45

Might be something to do with this: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11324235/CandC-to-walk-away-from-Spirit-Pubs-takeover.html Last day today. If C&C don't go after Spirit, that only really leaves MAB or Stonegate (which is owned by PE)

[togglebrush] 06/1/2015 09:45

Share Price top so far today of FTSE 350 leader board when most of the market is falling. No RNS or news I can find yet which is interesting !!!

[togglebrush] 26/11/2014 09:09

Press ' http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11252998/Pubs-no-longer-all-about-alcohol-says-All-Bar-One-owner.html

[togglebrush] 25/11/2014 15:37

Market seems to like the results

[togglebrush] 25/11/2014 07:09

RNS re FY extract ' Dividends ' The Board remains mindful of the attraction of the resumption of dividend payments and will continue to monitor anticipated net cash flow generation, before taking a decision on timing and quantum. ' As an element of the recent pensions valuation, referred to above, the Group has agreed that normal dividends will only be resumed provided they can initially be funded out of cash-flow after bond amortisation. ' LAST dividend I received was 4th February 2008 ...for period ending 7 YEARS AGO

[jeffian] 17/11/2014 23:08

I just don't get the C&C thing. What on earth can they bring to the party?

[masurenguy] 25/9/2014 08:16

"It comes to something when you have to blame the rain!" Ironically this Birmingham band originally called themselves the MB's in the hope of being sponsored by the brewery and then subsequently changed it to reflect their musical style https://www.youtube.com/watch?v=bURh1-ZfNpw

[jeffian] 25/9/2014 08:10

"...rainfall was significantly higher than last year..." Hmmm! It comes to something when you have to blame the rain!

[togglebrush] 25/9/2014 06:29

Pre Close extracts ' Total sales growth for the 51 weeks was 3.8%, with like-for-like sales increasing by 0.6%. ' Alistair Darby, Chief Executive, commented: ' "Despite a difficult trading period in the last quarter, the transformation of our business is well on track. Coupled with the successful integration of the Orchid estate, this gives us confidence in our future growth prospects."

[cockneyrebel] 22/9/2014 11:11

Trading update on Thursday - perhaps we'll get a reason for Friday's rally: RNS Number : 2445S Mitchells & Butlers PLC 22 September 2014 22 September 2014 Mitchells & Butlers plc Notice of Pre-Close Trading Statement Mitchells & Butlers will release its Pre-close Trading Statement on Thursday 25 September 2014. For further information, please contact:

[cockneyrebel] 19/9/2014 14:35

Galloping away on good volume. CR

[cockneyrebel] 19/9/2014 09:47

Breaking through the previous high. CR

[cockneyrebel] 15/8/2014 09:01

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [e-mail] 0807 GMT [Dow Jones] Jefferies reiterates its Buy recommendation on UK pub and restaurant group Mitchells & Butlers (MAB.LN) with a target price of 500p. The broker upgrades its FY15-16 forecasts by between 5% and 10%, seeing a significant sales and profit lift from the acquisition of Orchid and its 173 pubs, with the added bonus of the deal expected to be earnings enhancing in year one, helped by the low cost of funding. M&B has also come to an agreement on the triennial pension valuation which paves the way for a dividend, which will likely be announced with the final year results in November. Jefferies says the combination of the Orchid deal, better organic operating performance and a dividend announcement should drive a share re-rating. M&B trades +0.9% at 409p. ([e-mail])

[cockneyrebel] 08/8/2014 14:04

Breakout: free stock charts from uk.advfn.com

[tonysss13] 05/8/2014 13:42

something up maybe? Joe Lewis in town?

[peterclo] 05/8/2014 13:28

big bids in MAB suddenly, any ideas why?

[gscrawler] 17/6/2014 15:33

Market is not liking this latest acquisition. It really means more debt and goodbye divident for a long while.