deepsleeves
26 Jul 2017
Re: MARSTON'S PLC TRADING UPDATE 42 we... DregorIf you continue to hold the shares you will not actually have a capital loss - only an unrecognised one in accounting speak.Market reaction and price at £1.177 seems harsh for a share on a forward yield of 6%+ and covered just under twiceDeep
dregor
26 Jul 2017
Re: MARSTON'S PLC TRADING UPDATE 42 weeks ... Yes, on the face of it, a reasonable trading update, but in a rising market the shares are down a tad over 4% at the time of posting and are just off their 52 week low.I am a relatively new investor in Marston's and am currently showing a 16% loss on my purchase..................by some considerable distance, my worst performing share.I bought mainly for the decent yield and didn't expect much capital appreciation, but neither did I expect a 16% loss.I will continue to hold for the time being, but on present form, it will take quite a few divis to cover the capital loss!Hmm, no cause for celebratory drinks, just now.
TX2
26 Jul 2017
Re: MARSTON'S PLC TRADING UPDATE 42 weeks ... Fuller,Smith & Turner up 5% to 6.5% in latest update.The weather has probably been better in recent weeks in London & SE and tourist trade good which Marston's has not had the advantage of in most of its area so Marston's update OK when compared to retail trade generally & flat income growth but modest in my opinion when compared to other competitors.
idontwanttolose
26 Jul 2017
MARSTON'S PLC TRADING UPDATE 42 weeks to 22 July 2017 Looks ok to meTradingIn Destination and Premium, like-for-like sales for the 42 week period were 1.3% ahead of last year. In the most recent 12 weeks of the period, like-for-like sales were up 0.6% which continues to be ahead of the market. As we previously guided, operating margins are slightly below last year in line with our expectations. With regard to the cost outlook for 2018 our guidance remains unchanged from that provided at our Interim results in May. We remain on track to meet our growth targets for 23 new pub-restaurants and bars in the current financial year in addition to eight lodges. In Taverns, like-for-like sales for the 42 week period were 1.9% ahead of last year, with growth of 2.4% in the last 12 weeks of the period, principally reflecting the benefits of the warm weather in June. In Leased, profits for the 42 week period are estimated to be 2% ahead of last year. In Brewing, own-brewed beer volumes were up around 4% compared to last year reflecting the continued good performance of our underlying business and the benefits of the acquisition of Charles Wells Brewing and Beer Business. The integration of the business is proceeding as planned. Commenting, Ralph Findlay, Chief Executive Officer, said: "We remain encouraged by our continued market out performance and focused on delivering sustainable growth and maximising return on capital in an evolving market place. "Our transformed pub estate continues to deliver positive like for like growth across all three divisions. We benefit from an operating structure which spans food-led destination and wet-let community pubs, accommodation and brewing, maintaining a good balance within our brand portfolio and broad consumer appeal. "The Charles Wells brewing and beer business is bedding in well, further underpinning our leadership in the UK ale market. We are on track to complete our new-build and lodge expansion plans. We remain confident of delivering further profitable progress for the full financial year." Forthcoming EventsPlease find below the forthcoming reporting dates for the Group, which are also available on the investor calendar on our website - www.marstons.co.uk/investors Year-end trading statement10 October 20172017 Preliminary results30 November 20172018 Interim results16 May 20182018 Preliminary results29 November 2018
tradingup
13 Jul 2017
spirits up! hopefully touched the bottom and encouraging rise today. with a long hot summer in prospect,and a weaker pound, MARS might benefit from thirsty customers and stay at home holidaymakers?
TX2
12 Jul 2017
Re: What am I missing ? Marston's historic core area is of course the Midlands(rather than North);the clue could be the company's former name Wolverhampton & Dudley Brewery with at least half its outlets located here,including East Midlands & S Yorks.There is another large cluster in Cheshire,North Wales & Merseyside built on pubs acquired from Burtonwood Brewery.About 50 in Cumbria/Lake District acquired with Jennings Bros take over.It is largely because of these two purchases I am an investor here as I was partly paid in shares as well as cash.Marston's new build large pub/restaurants & its Pitcher & Piano chain are more widely spread.
deepsleeves
11 Jul 2017
Re: What am I missing ? My guess would be concern over the UK economy and therefore non discretionary spend post brexit.MARS pubs tend to be in the north of England and although the area voted for it they will be the hardest hit by the uk leaving the single marketDeep
TX2
11 Jul 2017
Re: What am I missing ? Although it has had the odd peak basically the share price has not gone anywhere but backwards for the last 15 years or so,if we look at the present price!I don't disagree that retail,esp bricks & mortar retail is difficult at the moment however presently well managed pub chains are putting in a good performance people as yet have n't cut back in this area.Perhaps we have the advantage that Amazon have not yet invented an online pub offer!Young & Co in which I am also a shareholder had a sparkling trading update to-day probably flattered by the weather.So I am not too worried regarding trade downturns for the present. Marston's has spent a huge amount of (mainly borrowed) money on new pubs & additional brands but perhaps has not made the investment return to justify it and certainly has not gained a market following as a consequence.
Omaha man
11 Jul 2017
Re: What am I missing ? I commented in June that the squeeze on consumer spending was going to make the backdrop difficult and nothing has changed. Retailers are also under pressure at the moment. Interest rates are going to rise at some stage and consumers are already heavily over-borrowed so there is nowhere for increased demand to come from.I like Marstons, it's one of my biggest holdings and the debt doesn't concern me overly given the asset backing. With the yield and low PE I'm more than happy to hold it in a market which I doubt is going anywhere over the next few years.
TX2
11 Jul 2017
Re: What am I missing ? High level of debt is perhaps the concern here although it is secured on freehold property & the company is within banking agreements.The market may be feeling that there is a possibility of a right issue or maybe it is just in a more cautious mood when valuing heavily borrowed companies.....Trading is likely to have remained at a reasonable level with some like for like growth.
Turkey trader
11 Jul 2017
What am I missing ? These shares look like a steal. Div > 6% PE < 9 for a solid, stable, growing business.Is the sky falling in or something ?
Grill Bimsie
16 Jun 2017
Cliff Dweller - Shareholder Discount Card Hi,You can email them at [email protected] If you attach proof of your shareholding (e.g. screen grab of your nominee account holdings) they will send you a card. I have always found them to be very helpful.Cheers,
Heorot
16 Jun 2017
Re: Any explanation for the stumble I thought they were oversold yesterday so I put a buy order in overnight and got them at 127.9 inclusive of stamp duty and commission at 8
1 this morning.
Heorot
16 Jun 2017
Re: Any explanation for the stumble Cliff. You need to hold at least 500 shares to get your Privilege discount card worth 20% off each transaction. I hold these in a nominee ISA account with the Share Centre and they arrange for the card to be sent each year. Try asking your broker to get it for you.
BILLFISH
16 Jun 2017
Re: Any explanation for the stumble Hi Kintra, Retail sales being squeezed by inflation, possibility of interest rate rises in the offing.Value of retail assets being knocked back.Cloggies need to divest assets in 33 areas by 20th June or face CMA investigation.Seems like the perfect time to pick up some cheap assets for those companies taking a long term view.Its a buyers market just now for those companies that can find assets that fit their profile.Some good assets to be had in the Punch estate.Hope Marston's can take advantage. Although not necessarily viewed as positive initially but long term would be a smart move.GLABF
