nk1999
26 May 2016
HSBC view "Shares in Mitchells & Butlers gained on Wednesday after HSBC upgraded the stock to 'buy' from 'hold' and raised the target to 340p from 300p.HSBC said while the company's first half results showed weak trading trends, the new chief executive Phil Urban has a "credible plan for improvement".Mitchells & Butlers, which owns Harvester, All Bar One and Toby Carvery, reported a 1.5% fall in revenue to £1.1bn although pre-tax profits climbed to £83m from £75m.CEO Urban announced plans to reduce stores at its Harvester chain to address fierce competition and real wage inflation following the introduction of the National Living Wage.The group has also boosted investment in the refurbishment of sites to make them more attractive to customers. It follows a review which showed revamped outlets had done better than un-refurbished sites."We think that this is the right approach. As we show in this note, M&B has repeatedly underinvested in its sites, so it's hardly surprising that customers have gone elsewhere," HSBC analysts said in a note."We calculate the capital expenditure (capex) shortfall could be around £140m over the last five years. The new strategy addresses this; a £20m step up in capex per annum, along with a reduction in new site openings releases much more to be spent on refreshing the existing estate and converting underperforming sites into different brands."HSBC said the shares have underperformed compared to its peers, trading on a fully adjusted enterprise value/earnings before interest and tax (EV/EBIT) discount of 12% to the wider sector.The bank added that its sees value in the shares. "If sales begin to recover, as expected, and earnings forecasts stabilise, then the valuation should move back towards the wider sector."From ADVFN Wednesday.
Oxtrader
10 Mar 2016
Re: OK .. what's going on FT Reported this today in response to yesterday: The Frankie & Benny’s owner, down 22.7 per cent to 420p, blamed weaker consumer sentiment, lower footfall and no repeat of 2015’s strong cinema slate. Analysts saw oversupply in the casual dining sector as a bigger problem, which sent Mitchells & Butlers lower by 7.7 per cent to 267.6p. Cineworld also suffered, sliding 3.2 per cent to 480.4p a day before results.Source: [link]
Hang in to the bitter end
09 Mar 2016
OK .. what's going on Down over 8% today ... can't find any news ... no RNS's ... no comment from poster ....Can anyone shed any light?
one4all
17 Feb 2016
value of freehold premises is worth more than market cap here.. sitting duck for a takeover.
II Editor
31 Dec 2015
NEW ARTICLE: Share of the week: Plenty in the tank here " Just two-and-a-half trading days long, this is easily the shortest timeframe in our "Share of the week" series. Still, there have been some real standout performers, and competition for top spot was fierce. One share does, however, rise above ..."[link]
II Editor
30 Dec 2015
NEW ARTICLE: Our AIM tips for 2015 rocket 84%! "Choosing one of the best AIM performers of 2015 last January in my AIM tips of the year has ensured a strong performance from the portfolio of five companies.Three of the other four have also done well and they have outperformed both the FTSE AIM ..."[link]
dandigirl
24 Nov 2015
Re: WILL NEW CEO IMPROVE PERFORMANCE? Today's figures have the look of a corner being turned, at long last. Let us hope it is the beginning of a trend - and that the sp improves too.Dividend very welcome.
II Editor
22 Nov 2015
NEW ARTICLE: Trends and Targets for 23/11/2015 "MITCHELLS and BUTLERS PLC (LSE:MAB) starts our week, simply because we notice it was mention on Interactive Investor front page at a moment when we were looking for inspiration. It's a share which is almost too obviously dangerous as the ..."[link]
Oxtrader
02 Oct 2015
Re: WILL NEW CEO IMPROVE PERFORMANCE? Good morning!I topped up this morning following the very weak share price; trading at P/E ratio of 13-14 as of this morning. I'm not sure the living wage increase will be as significant & damaing as the markets fear; more money for the consumer to spend with afterall.. all goes around
tradingup
27 Sep 2015
WILL NEW CEO IMPROVE PERFORMANCE? Visiting my local Toby carvery today which was at capacity and 45 minute wait for a table during which time bar was on hand for a couple of pints.I wonder how a chain which has such high turnover has been in doldrums for so long. Localmanagement confided that previous CEO had been a disappointment but with 1700 pubs andrestaurants its going to need someone with immense charisma to gain respect down to thegrass roots.We had an excellent portion of beef but the manager said he struggled with irregular quality. Recently had to cut slabs of fat from a joint with impacts on his profit and that lodging complaints about poor quality supplies was difficult when there were hundreds of similar outlets.Will be interesting to watch whether new man can make a difference.
oldjoe1
10 Sep 2015
MAB, Analysts Rate BUY................... <b>Mitchells & Butlers plc Receives Consensus Recommendation of “Buy” from Analysts (LON:MAB)September 9th, 2015</b>Mitchells & Butlers plc (LON:MAB) has received an average recommendation of “Buy” from the sixteen research firmsthat are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 466.58 ($7.09).A number of brokerages recently issued reports on MAB. Citigroup Inc. restated a “buy” rating and set a GBX 495 ($7.52) target price on shares of Mitchells & Butlers plc in a report on Monday. Canaccord Genuity reiterated a “buy” rating and set a GBX 500 ($7.59) price objective on shares of Mitchells & Butlers plc in a report on Friday, July 24th. Goodbody Stockbrokers Ltd reissued a “buy” rating on shares of Mitchells & Butlers plc in a research report on Thursday, July 30th. JPMorgan Chase & Co. cut their price target on Mitchells & Butlers plc from GBX 470 ($7.14) to GBX 440 ($6.68) and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Finally, Barclays reissued an “equal weight” rating and set a GBX 500 ($7.59) target price on shares of Mitchells & Butlers plc in a research note on Wednesday, July 22nd.Shares of Mitchells & Butlers plc (LON:MAB) traded up 1.7782% during mid-day trading on Wednesday, hitting GBX 360.6000. The company had a trading volume of 130,412 shares. Mitchells & Butlers plc has a 1-year low of GBX 316.00 and a 1-year high of GBX 485.10. The company’s market capitalization is GBX 1.48 billion. The company has a 50-day moving average price of GBX 374.17 and a 200-day moving average price of GBX 427.60.Mitchells & Butlers plc is an operator of pubs managed eateries and bars. The Business provides a selection of eating and drinking -out. The Business operates in the UK. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Fortress, Nicholson’s, Premium Country Dining Group, O’Neill’s, Alex, All Bar One, Village Pub & Kitchen, Miller & Carter, Browns, Innkeeper’s Lodge and Oak Tree. The Organization manages approximately 1,700 restaurants . and pubs
oldjoe1
07 Sep 2015
MAB, Broker Update......... 07 Sep 2015 Mitchells &... MAB Citigroup Buy 359.75 358.80 - 495.00 ReiteratesSp Target 495p
Oxtrader
01 Sep 2015
Increased Holding. Good morning! Alot of weakness in the market as of late. However I left this share has fallen to an attractive buy level now, it may have more to fall considering the current market correction. Increased my share holding by 24%.I do think it's a sector that's not exposed by the main factors that are causing the current correction (Metals/Oil etc).
oldjoe1
18 Aug 2015
MAB, Technical BUY.......... LONG on MAB Mitchells @ Butlers, see chart, base building, last update positive , looks well oversold.[link]
Opportunist Trader
21 Jul 2015
Re: Bad News coming??? Deckhard - the Living Wage statement in the budget is the reason for the fall. M&B are going to have to pay their staff a lot more and that will hit their bottom lines as they probably won't be able to pass on all of their rise in costs. However, I think the selling over the past couple of weeks has been overdone.
