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Oxtrader 17 Jul 2018

Sunny Summer will reflect good Results? Afternoon! My first post in these new & confusing new forums… here I go! Last time any posts were made on these forums were back in May. This was before the pro-longed summer and the world cup. It’s going to be a talking point once these Pub chains release their next round of earnings. However arguably; MAB has a stronger cross-over with Food, rather than drink. So GK would probably benefit more handsomely from this. But we shall see.

dandigirl 22 May 2018

Re: Flummoxed! The chart below tells you all you need to know about Mr Urban’s time in charge. Guess he has bought more time from the NEDs both for himself and Jones. He has to start delivering soon to justify his £1m package - like by the end of the year. Every announcement is soooo predictable - weather and wage costs always get a mention. He says he is doing the right thing - bags of initiatives - but nothing showing through to the bottom line yet. He doesn’t even have the confidence to indicate whether or not a dividend will be paid. Most similar groups are doing far better.I think you have made the right decision for you. Knowing what I know now, who would invest in MAB? The large shareholders ought to raise the £400m or so to take it private and break it up. The sum of the parts is greater than than that of the whole.Good luck to you.

polly hound 22 May 2018

Re: Flummoxed! Sold most of my MAB shares today. Broke even after allowing for costs. Hope I'm wrong, but this just doesn't feel like a good investment - not safe/secure, and yet not exciting either. p-

dandigirl 21 May 2018

Flummoxed! Didn't want to comment before listening to the web cast.Messrs Urban and Jones talk the talk but this has yet to show through into the numbers. As was admitted, the market's initial reaction was to have a big write-down in the sp. There has been some recovery since but we are still below that before the announcement and as at the beginning of the year.Much was made of the weather especially snow on Sundays and of being aware of the challenges, especially labour costs.Hard to fault the de-gearing and pension contributions. Would have thought though that by now there would have been a better grip on the underperforming assets. It was admitted that there are too many 'uninvested' sites.We are to be energised with Ignite 2 which has 8 "buckets" incorporporating 43 initiatives some of which appear long overdue.I did like the apprenticeship initiative though - and the chef academy. Great that we are training our own people. While this is being pushed as a result of a reduction in applicants from Europe, it should be on-going. As a country we do not train enough of our people notably doctors and nurses. No mention of Germany. Assume it is not doing great things as it was not held up as something to emulate. Why not sell and release capital/reduce debt? Simplify. Reduce costs and distractions. Take advantage of a strongish €.As I say I am flummoxed. If Mr Urban is to be believed, results of the 224 completed projests with 20% returns should start to flow through in the next period. Miller and Carter outlets are supposed to be going well. 300p by the end of the year is a modest target. Others are doing much better noticeably JDW. 325p?Outlook is still so uncertain that they will not commit to a dividend until the results are in.FWIW IC still has M&B as a sell.The sp has a long way to go for me.

dandigirl 01 May 2018

283p on 01.05.18. Same as 01.01.18.It is to be hoped that the results later this month will show significant improvement.

dandigirl 21 Apr 2018

@ 279p Well a nice climb to 279p without any notifications from MAB. Probably down to the Greene King effect.Can MAB maintain the momentum when our results are published on May 16th?Maybe a closer look at what GK are doing right might help.Pressure on the Board to produce. Nice.

tradingup 19 Apr 2018

Re: MAB v FTSE250 bit of a spike in the last couple of days. something may be stirring. perhaps Mr Urbanhas taken note of Dandigirls pertinent remarks and is looking to sharpen up his act.Or could be a re awakening from one of our big four investors? or this weeks hightemperatures pushing more punters into our pubs. Who knows -but certainly therecent uplift of the sp which seems to have a bit of consistency about it is more thanwelcome after years of stagnation.

dandigirl 13 Apr 2018

Greene King Well, GK have surprised the market in recent days. Pressure on MAB to at least match next month.

dandigirl 13 Apr 2018

MAB v FTSE250 A chart showing MAB movement compared with the FTSE250 over the last three years.

dandigirl 10 Apr 2018

251p - Down 11p Just when there appears the beginnings of a rise ... !!!Given that only some 30% is widely held, it seems that there isn’t a lot of belief in this management’s ability to turn things around.

dandigirl 01 Apr 2018

249p on 01.04.2018. Mr Urban: Think you will agree that this has not been a great first quarter.Below is a comparison with the FTSE250 over the last three years. All on your watch!Happy? Pleased? Proud of your performance to date? What about a modest target of 300p by year end? Time to get to work cutting costs/rationalising. Too many brands, too much overhead, too many head office costs. Please get to it or be gone.

dandigirl 18 Mar 2018

MAB Pension Fund Classic:From the Sunday Times “””The pubs operator behind All Bar One and Harvester is embroiled in a High Court row with its pension trustees over a plan to cut retirement benefits for more than 20,000 people.Mitchells & Butlers has told the trustees that it wants to reduce the level of annual increases paid to members of its defined benefit scheme.”””Mr Urban: Please put your mind to generating additional profit rather than reducing outgoings by going after your pensioners while you continue to pocket your huge remuneration package. Better to look at reducing payments to you and Mr Jones. Once again, shame on you.

tradingup 15 Mar 2018

Re: Note to Mr Phil Urban, CEO sp down 30% over 5 years - and even more if you look further back.A succession of chairmen and CEO's have presided over remorseless decline butstill have their noses in the trough and no doubt ride to the AGM in their chauffeurdriven limo's. Its the unacceptable face of capitalism which will put JC and his cohorts into govtand God help us then.Dandigirl- well done keep it going!

dandigirl 15 Mar 2018

Re: Note to Mr Phil Urban, CEO Well done nk.I am nursing a sizeable loss from the time Mr Urban was appointed hence my bitterness towards him, Jones and the rest of the Board. The tired, old business model description hit the nail on the head. Simply revamping their numerous outlets will not do anymore. If my experience of the Katerina in Brighton Marina is anything to go by, existing outlets are not even being properly managed. See Trip Advisor, it isn't.Can't understand why the 4 big shareholders appear so complacent. Just hoping that an asset stripper activist will get involved and generate some shareholder value - because it sure is there waiting release by the right management. Anyway, I shall keep moaning in the hope of change.

nk1999 15 Mar 2018

Re: Note to Mr Phil Urban, CEO I sold out of MAB near break even ~260p.TBH, with dividend cut coming next year, I don't hold much hope here.But I hope it comes good for the holders.Greene King and Marstons (both of which I still hold) are similarly down. But dividend is a consolation there, while I wait for the upturn.nk

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