Share Name Share Symbol Market Type Share ISIN Share Description
Mitchells & Butlers Plc LSE:MAB London Ordinary Share GB00B1FP6H53 ORD 8 13/24P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.80 -1.25% 299.40 300.40 300.80 309.00 299.80 309.00 591,711 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,475.0 -123.0 -26.2 - 1,785

Mitchells & Butlers Share Discussion Threads

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red, often too cautious, as with ROR.
Press '
A very sad story from the formerly mighty Bass estate. Was one of the best-managed pub estates with the highest quality properties. Initially survived the Beer Orders break-up ok but were crucified by being lured into a ludicrously structured property deal by the spivvy Tschenguez and compounding it by taking out an enormous unsupported hedging position which went against them. The resultant financial damage killed any investment into the estate and they have just trickled along as a zombie company. How are the mighty fallen. Whenever the Government interfere in markets, the rule of Unintended Consequences always comes into play. Just watch what happens under the new Pubs Code (far from 'protecting' tenants, pubco's are simply booting them out and taking the best pubs back under direct management). And Theresa May says she wants a new "Industrial Strategy". Sounds like the days of Wilson and Wedgwood Benn. Gawd preserve us.
Deservedly punished on that update IMV. May not be a great read through for the rest of the sector either.
First year of CEO ... not an impressive start ' Appointment of Phil Urban as Chief Executive, was from 27 September 2015. Phil joined Mitchells & Butlers in January 2015 as Chief Operating Officer, and was previously Managing Director at Grosvenor Casinos, a division of Rank Group and Chairman of the National Casino Forum. Prior to that, he was Managing Director for Whitbread's Pub Restaurant division, and for Scottish and Newcastle Retail's Restaurants and Accommodation Division. Phil has an MBA and is a qualified management accountant (CIMA).
Results in brief - Return to like-for-like sales growth - Acceleration of estate investment - Good progress on all three strategic priorities Financial performance - Full year like-for-like sales down 0.8%a with improving trend through the year. Recent eight weeks up 0.5% - Adjusted operating profit of £318mb (FY 2015 £328m) - Adjusted earnings per share of 34.9pb (FY 2015 35.7p) - Final dividend of 5.0p Ex Div 2 Dec Paid 7 Feb 2017 Reported results Total revenue of £2,086m (FY 2015 £2,101m) Operating profit of £231m (FY 2015 £270m) Profit before tax: £94m (FY 2015 £126m) - Basic earnings per share: 21.6p (FY 2015 25.0p) Balance sheet and cash flow - Capital expenditure £167m (FY 2015 £162m), including 8 new site openings and 252 conversions and remodels - Free cash flow before adjusted items of £60mc (FY 2015: £95m) - Net debt of £1.84bn representing 4.3 times adjusted EBITDAb (FY 2015 4.3 times
All the following is imho dyorI am looking at this re results tomorrow.One query is are we expecting a pensions valuation update? I am concerned deficit will have risen and this contributions will have to rise?
Dive today appears to be associated with Whitbread's Interims whose numbers were reasonable but outlook seems to have been the RED FLAG
"Underlying trading has improved in recent months, particularly when taking into account the negative impact of Euro 2016 and the wet weather seen in June. This reflects the good progress we are making across our three priority areas: to rebalance the business, to instil a commercial culture and to increase the pace of execution and innovation". Recent spell of good weather good news for M&B - my local Ember Inn is doing a roaring trade with a large outside seating area. Shame it's forecast to rain :(
Mitchells & Butlers PLC Third Quarter Trading Update is out ' IMHO Outlook appears Positive
Last week in JULY normally has an Interim Management Statement ??? ' APPEND 19 July ' RNS it is expected 27th July 2016 ... Quarter 3 IMS
Sold this afternoon almost a 10% profit, over time I'm sure this will go higher.
Brexit = pound v Euro parity - will definitely be staying at home! Good range of beers in Ember Inns, cheers.
About time this good quality stock started to show some life.
Read Panmure Gordon & Co's note on MITCHELLS & BUTLERS PLC (MAB), out this morning, by visiting hxxps:// "Mitchells & Butler released half year results in line with expectations with tough LFL sales (-1.6%), offset by +50bps margin improvement. More importantly the new (ish) CEO Phil Urban has outlined his plan following a comprehensive strategic review. This will involve acceleration in investment and conversions to enhance organic growth, to increase exposure to the Premium segment (Miller & Carter), re-model and reduce size of the Harvester estate, and convert many Crown Carveries to the Pizza & Carvery concept. The new..."
The Board has approved an interim dividend of 2.5 pence per share which will be paid on 4 July 2016 to shareholders on the register at the close of business on 27 May 2016. ' Financial performance ' - Total revenue of £1,096m, down 1.5% - Sales uplifts from invested sites in excess of 10% in first year offset by decline in uninvested estate to give overall like-for-like sales decline of 1.6% - Adjusted operating profit of £156m, up 2.0% - Adjusted operating margin 14.2%c (H1 2015: 13.7%) - Adjusted earnings per share of 15.7pc, up 9.0% - Interim dividend of 2.5p approved ' Reported results ' - Profit before tax: £83m (H1 2015 £75m) - Basic earnings per share: 18.4p (H1 2015 14.4p) ' Append IMHO on first reading this is LOOKING POSITIVE
#Melrose and Mitchells & Butlers lead FTSE 250 lower# Morgan Stanley has cut its target price on Mitchells from 430p to 340p, saying: Tough industry trading leads us to cut earnings per share forecasts 6-10% and our price target to 340p. However, we remain overweight as the relatively new chief executive is focused on improving performance, and if this fails we see plenty of other options to unlock value in this asset-rich business. Ahead of the group’s results on 19 May, the bank’s analyst Jamie Rollo continued: The chief executive’s three themes [at the company’s November update] were (1) building a more balanced business, (2) instilling a more commercial culture, and (3) increasing the pace of execution and innovation. There are some indications of the latter. For example, the last few months have seen a new look, O’Neill’s, Miller & Carter’s “Steak Table” experience, a Toby Carvery app, the roll-out of contactless payments and Apple Pay, a new craft keg festival, a trial of its own coffee blend, and plans to add 500 digital gaming machines. However, these examples are hard to quantify, and we would look for clarity on: (1) group targets (e.g. like for like sales, operating margins, return on invested capital), (2) how the company aims to drive like for like sales (e.g. premiumisation, digital/Customer Relationship Management capabilities, improved food offer, more new product development/innovation, better incentivisation), and (3) plans to mitigate costs, particularly on the introduction of the National Living Wage but perhaps also a review of overheads (noting it has already restructured its senior operations teams). HTTP://
Possible reasons for price movement:- ' Mitchells & Butlers plc (LON:MAB)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research report issued on Friday. They currently have a GBX 420 ($6.01) price target on the stock. ' AlphaValue restated a “buy” rating and issued a GBX 391 ($5.59) in a report on Thursday, March 10th. ' Canaccord Genuity restated a “buy” rating and issued a GBX 375 ($5.37) price target in a research note on Friday, February 19th. ' Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 450 ($6.44) price target in a report on Tuesday, February 16th. ' Goldman Sachs reaffirmed a “buy” rating and set a GBX 410 ($5.87) in a research report on Friday, February 12th. ' HSBC reiterated a “buy” rating and issued a GBX 385 ($5.51) price objective in a report on Friday, February 5th. ' Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 388.38 ($5.56).
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