Mitchells & Butlers Share Discussion Threads

[essentialinvestor] 24/4/2019 11:06

On MAB the best you can say is balance sheet debt has been reduced by £1 billion since 2008, helped by disposals admittedly. And their freeholds are around 88%. Once the huge pension recovery payments end they may have more financial leeway, however that's another 4 years away - and it's likely we will have another recession before then. I can't see significant upside tbh, my view may be too cautious.

[jeffian] 23/4/2019 22:20

MARS and MAB? The two stinkers in the sector? I imagine this is a 'recovery' strategy!

[skinny] 23/4/2019 14:37

Here - primarily yes. I'm looking for a second company in the sector having held MARS for years. I've been kicking myself over GNK which I intended to buy in December, but for one reason or another - except for a couple of spread bets - I didn't.

[essentialinvestor] 23/4/2019 13:18

Skinny, you're looking from a TA perspective mainly ?.

[skinny] 23/4/2019 12:38

Thanks - laziness on my part!

[essentialinvestor] 23/4/2019 12:36

Besides the net debt, the pension recovery plan is what strikes me. £48 million a year through to 2023 in agreed pension funding payments. That's a large chunk of pre tax profits.

[skinny] 23/4/2019 12:19

Any views here?

[kingl] 21/1/2019 12:26

Miss Womble - See post 515, it's the only reason I'm a shareholder. Bit peeved because my most regular pub is currently closed and being converted to an Ego.

[miss womble] 21/1/2019 11:07

Do all share holders know that they are able to get 205 off all meals at several well known restaurants

[arja] 21/8/2018 09:51

for about 3 years chart shows it goes up and down between 220 and 280 . a real slow mover .

[togglebrush] 02/8/2018 15:35

Q3 today and food not good

[gilesy911] 17/7/2018 11:40

Thanks Libertine

[libertine] 17/7/2018 07:13

Q3 due 26/7 Marstons 25/7

[gilesy911] 17/7/2018 05:33

Update due this month: anyone know the exact date ??

[hvs] 17/5/2018 12:15

Yes, I had an extremely tough steak at a Harvester. Even with 20% off it's not great, So you still ate it ???? Struggling ! Is that you ?????

[chinese investor] 16/5/2018 07:20

Struggling !

[libertine] 08/2/2018 11:06

Piedmont increased holding to 27.16%

[spreadsheetsteve] 12/1/2018 14:15

Yes, I had an extremely tough steak at a Harvester. Even with 20% off it's not great, I hope the share price will be as resilient as their steaks

[gwr7] 12/1/2018 11:20

From today's update "We continue to make good progress with our plans to build a more balanced estate, in particular premiumising our offers where possible" By "premiumising" their offer I suppose they mean more of the Miller and Carter brand. They certainly charge a premium price for their steaks but the T-bone I had in one of their outlets over the holidays was rubbish. They could make a start by premiumising the quality of their meat.

[ashbox] 21/9/2017 09:14

21 Sep 2017 Peel Hunt Add 234.70 247.20 260.00 260.00 Reiterates 21 Sep 2017 Shore Capital Hold 234.70 247.20 - - Retains 21 Sep 2017 Liberum Capital Sell 234.70 247.20 210.00 210.00 Reiterates For what it's worth!

[chinese investor] 21/9/2017 06:56

Recent drop in sales !

[skinny] 21/9/2017 06:50

Pre-Close Trading Update

[jdung] 23/8/2017 12:43

looking trade line, maybe up to 300 to 350p?

[kingl] 02/8/2017 11:24

Well that 'euphoria' didn't last long.