idontwanttolose
24 Jan 2018
Numis issues a broker note on Marston's BFN News | 03:40 PM | Tuesday 23 January, 2018Factsheet Marstons PLC Ord 7.375P (MARS)Numis today downgrades its investment rating on Marston's PLC (LON:MARS) to hold (from add) and left its price target at 125p. Story provided by StockMarketWire.comPity they did not give a GOOD reason for the Downgrade while leaving the SP guess at 125p
PIE-EATER
23 Jan 2018
Re: Trading update for the 16 week perio...Faddy, Our Haven et al I appreciate your objectives.....I've only been in this for use short of 6 years...and am in the red on an SP basis.Lets not forget that in addition to the SP loss since 2012 in my case, I also pointed out in Nv that it was down 25% over 3 years and 10% over one, when comparators were doing better (I think I quoted 100% up over 3 years for YNGA which is only a loose comparator and which I also hold)Could someone please do Ralph's job for him, and let me know EXACTLY what is different now that is going to make this transformation and why it has not already been factored into the price?As I posted in December, one of the NE pubs was so packed during the week we had to go elsewhere to even get a drink - which wasn't the case in recent years, yet we are still only +1.1% with a £1m bad weather hit! Thanks in advancePE
Our Haven
23 Jan 2018
Re: Trading update for the 16 week perio... I also have topped up also seeing this as an opportunity for the long term holders.
faddy10
23 Jan 2018
Re: Trading update for the 16 week perio... I'm with Soi on this one, I've been waiting for sub-110 to take a position and got it this morning, it's a long-term hold for the income in my case but appreciate others have different horizons.F.
PIE-EATER
23 Jan 2018
Re: Trading update for the 16 week perio... Soi,Hope you are right for all existing holders and those who have jumped in as a "share of the year" tip.....Unfortunately I am leaning the other way......will give this update a little while t settle in.PE
soi
23 Jan 2018
Re: Trading update for the 16 week period to... I think it is oversold.Bought a share tranche @ 110ATBsoi
PIE-EATER
23 Jan 2018
Re: Trading update for the 16 week perio... Our Haven,Drop NOT overdone....I am quite surprised how lightly we seem to be getting away with it.To quote my "Dear Friend" RFLike-for-like sales in the period, excluding the impact of the two snow-affected weeks, are up 1.1%. The weather impact on like-for like sales was around 2%, and on an unadjusted basis like-for-like sales were down 0.9% in the period. We estimate the profit impact of this to be £1 million.So, we ave a £1m hit because of the weather.....(I can live with that given that good weather in "summer" gives us more profit)...but just take note....Like-for-like sales in the period, excluding the impact of the two snow-affected weeks, are up 1.1%.....So we have taken OUT the £1m weather hit and we still only grow 1.1% ???? I just don't get it.....fresh leadership needed.PE
Our Haven
23 Jan 2018
Re: Trading update for the 16 week perio... Looks like in early trading the market is not reassured! Here’s hoping that it changes on reflection. Drop looks like to me it is well overdone.
Our Haven
23 Jan 2018
Re: Trading update for the 16 week period to... Yes all looks very solid and should reassure the market.
idontwanttolose
23 Jan 2018
Trading update for the 16 week period to 20 January 2018 Looks positive Marston's PlcTrading update for the 16 weeks to 20 January 2018RNS Number : 5903CMarston's PLC23 January 2018 23 January 2018MARSTON'S PLCTrading update for the 16 week period to 20 January 2018 Marston's PLC issues the following trading update for the 16 week period to 20 January 2018 ahead of the Annual General Meeting to be held at noon today.Trading summary: We continued to make progress in the period with growth in both sales and underlying earnings, helped by the acquisition of the Charles Wells Brewing Business in May 2017 and the contribution from the 19 new-build pubs in financial year 2017. Snow and icy weather towards the end of the period, both in early December and between Christmas and New Year, caused some unavoidable disruption to the business. Destination and Premium: Total sales for the period are up 4.9% reflecting the contribution from the estate expansion in 2017. Like-for-like sales in the period, excluding the impact of the two snow-affected weeks, are up 1.1%. The weather impact on like-for like sales was around 2%, and on an unadjusted basis like-for-like sales were down 0.9% in the period. We estimate the profit impact of this to be £1 million.We continue to maintain a disciplined approach to operating margins without recourse to the significant discounting which has remained prevalent in the sector. Margins remain in line with expectations and are slightly below last year reflecting cost increases as previously guided. There are no changes to the cost guidance previously provided in November 2017.Taverns: Like-for-like sales for the period are up 2.6% benefiting from the performance of franchise-style agreements and an improved drinks range.Leased: Our leased estate has performed well, with profit growth in the period estimated to be 2%.Brewing: Marston's Beer Company has achieved good growth in the period to date, with own-brewed volumes up 33%. In addition to the acquisition of Charles Wells Brewing Business ("CWBB"
we are benefiting from distribution gains achieved in 2017 and a stronger brand portfolio well represented in the premium ale, craft beer and 'world beer' segments of the market. We remain on-track to achieve the targeted synergies from the acquisition.New-build developments: We remain on target to open 15 pub restaurants and bars and six lodges this year. We have opened three pub-restaurants and two lodges in the year to date, including a 104 bed lodge in Ebbsfleet.Ralph Findlay, Chief Executive Officer, commented: "We are pleased with our progress, which included record total retail sales in our pubs of £4 million on Christmas Day - 5.4% higher than last year. We continue to achieve growth against tough market conditions and are benefiting from investment in both pubs and brewing. We look forward to continuing to provide our customers with a great pub experience and excellent service, as well as delivering value for shareholders, over the year ahead."
Alan Tittymarsh
06 Jan 2018
Re: IC comment...tip of the year MARS having now received the dreaded 'IC curse' I can't pretend I'm that comfortable about that. It would explain why the shares rose this past few days as PI's pile in, in which case they'll just retreat again back to 110 -113 in the next week or so.However disregarding the 'IC curse' the sp has bounced above its 50 day MA, which is encouraging. It 's also now about to challenge the 200 day MA and even if it pokes through that, a 2 year history shows that it doesn't stay above both MAs for that long. But of course the last 2 years have been a bear market for MARS, so that would make sense. The upturn in the 50 day MA has been seen before in this period, but it didn't last long. So this next couple of weeks will tell us whether there is a genuine new uptrend (not in the last 2 years) but we'll see.
PIE-EATER
05 Jan 2018
IC comment...tip of the year One of ICs 8 tips of the year...Summary....Marston’s shares have been hit hard and, according to Bloomberg data, now trade at a multiple of forecast earnings that is in the bottom 15 per cent of the 10-year range (a period that includes the financial crisis), while offering a yield in the top 15 per cent. We feel the company’s investments in its destination and premium estate, as well as the recent Charles Wells acquisition, put it in a good position. While debt levels are high, unless there is a further marked deterioration in trading, we think the yield on offer is the real deal. If confidence builds, there should be good scope for a re-rating of the shares. Buy.Last IC View: Buy, 114.3p, 30 Nov 2017
PIE-EATER
21 Dec 2017
Re: Dead cat bounce? ATTend to agree in many ways.The question is why does the market hate it? If "Mr Market" is like me then it probably isn't about MARS plans or even necessarily actions, it is about perceptions and how there appears to be very little positivity in communications from the leadership. IF, the leaders were more dynamic and enthusiastic, and gave off more positive vibes then I suspect the perception would change. I'm not even sure the results were better than expected...I was a touch underwhelmed. The reason for the "Bounce" was confirmation the dividend was not under immediate threat despite market speculation. Simple as that. All I feel when I see the comments, especially from RF, is more of the same, staid, almost drudgery. There aint any "get up and go!"All IMHO of course, and actually hope to be proven wrong.......PE
Alan Tittymarsh
21 Dec 2017
Dead cat bounce? Despite the recent better-than-expected results, it's looking like the market isn't that impressed after all. After spending a few days above the 200 ma the sp has fallen back now starting to threaten the 50 day ma. This has all the feel of a dead-cat bounce. If it fails to hold 110 we could well be looking for a further drop back to recent lows of 100-102.This is one of those numerous shares that the market loves to hate, so buying for any decent capital gains are a rarity as the terrible performance against the FTSE All Share indicates. Buy for income only.
Heorot
19 Dec 2017
Re: Disappointment @ Fox Cub @ Durham - ... I live 10 miles distance from 3 Marstons, 1 new one in Diss, 1 new one in Norwich and 1 old one, also in Norwich. When I have been to the one in Diss, it is never busy. The two in Norwich do good business, particularly the old one which I eat in every Sunday evening. Food is good and the staff are friendly and seem to remember the regulars. Some days, it's hard to get a table unless you get there early. So, all in all, a mixed bag. Personally, I think the Diss one is too big for the catchment area and there are a couple of other good gastro pubs already in the town.
