PIE-EATER
26 Nov 2017
Re: snippet from shares magazine Alan,Yes, I am sure MARS will survive, but that wasn't the point.The questions are1. when will it start to improve?2. what will shareholders go through before that?I don't have the belief ( or patience) to wait for ever. There are almost certainly better options elsewhere.Someone posted that there are loads of "Marstons" lorries on the road......true....but that doesn't mean they are making money.GLAPE
mexicoman
26 Nov 2017
Re: snippet from shares magazine Trading update this week with the amount of artics I see on the motorways all over the country with logos on ie marstons,pedigree,obgoblin,Mansfield beers,just to name a few they must be selling plenty of beers
Delian League
24 Nov 2017
Re: Budget comment Hello Limited,I have no idea what your post means and why you posted a link that has nothing to do with my post or Marston's.Best of luck if you hold these shares though.D.L.
TX2
24 Nov 2017
Re: snippet from shares magazine Alan I agree with you that the share performance here has been dismal;however there has been a reason for what appears to be a dramatic fall in earnings & dividends per share over the years.Firstly there was a share split,from memory 3 shares for 1 which caused a pro rata drop in earnings per share secondly there was a large deeply discounted priced rights issue during the financial crisis which had the effect of lowering earnings per share.Yes performance has been poor but not the six fold drop that a look at divis would indicate.
limited edition
24 Nov 2017
Re: Budget comment Nothing to see here..........everything is fine says the torygraph.[link]
Delian League
24 Nov 2017
Budget comment There was a short article in yesterdays Telegraph by Ralph Findlay, Marston's chief executive concerning the budget.There wasn't much in the article other than he was 'relatively pleased' especially with the freezing of duty but was also pleased with the changes to business rates from RPI to CPI and the relaxation in planning requirements given that they spend £120 million per year building pub-restaurants and lodges.He also said that he would have liked the government to have addressed the 'Gig economy' as they don't have the same costs as bricks and mortar retailers such as Marston's.D.L.
PIE-EATER
17 Nov 2017
Re: snippet from shares magazine I hold YNGA as well and yesterdays 4.6% increase in their pubs and restaurants and total sales up by 6.8% are in stark contrast to MARS which had no benefit from their results announcement.I know people are going to complain that the 2 are different, breweries,size, location etc etc but the BIG difference is in the operation of the companies and SP. Over the last 3 years YNGA is up approx 30%, MARS down 25%. Over 5 years its +100% for YNGA and minus 10% for MARSI will give MARS the benefit of the massive doubts until trading statements are released early in the new year but unless something positive starts to come out of the company then I will probably be out. The companies may not be able to change geography but they can implement their dreams to best advantage for the company, wherever that is..... you can buy bottles of Marstons or Jennings or Wainwright in areas where they are not brewed. We can all buy our favourite pint regardless of which share we choose to own.....the two are not inextricably linked.PE
ballymena bill
31 Oct 2017
Re: snippet from shares magazine Being from Northern Ireland I am not much exposed to Marston Beers. However, Tesco do a range of Marston products(I find them Very good). Banks beer and Hobgoblin being but two. I wish it where more, eg local pubs where food is served. Wherterspoons are here. There is a place for Marston. I've bought in big time believing they've been well over sold. Time will tell. atb W
churjones
30 Oct 2017
Re: Net debt cudntpikmynose Your right on all fronts with your post, but the last part debt is a bit excessive if you look at it as just as a paper figure, Marstons have spent a lot of money on improving the portfolio of tenanted pubs and accommodation, it is reflective of an improving product with underlying intrinsic value which has not yet been brought to fruition, my opinion of course !! i noted the debt prior to buying but looked at it as a longer term buy based on its coverage nationally, improving value, and at the recent low Share price level. regards
cudntpikmynose
30 Oct 2017
Re: Net debt Total assets 2.8 billion. That helps.
cudntpikmynose
30 Oct 2017
Net debt Hi. What am i missing here.company valued about 700 m. Net debt about 1.5 billion. Am i reading it wrong. All rest of fundamentals look ok but thats a lot of debt.
churjones
30 Oct 2017
Re: snippet from shares magazine Bought into these recently. i consider them a good buy. like you i do not expect much short term but like all pubs and bars its a cyclical,weather related, and pounds in your pocket to spend business. I have visited many Marstons pubs, most are well run, with quality beer and recently a complete change to the ambience within a lot of them adding a decent menu, if you like an upmarket version of a family pub then that"s what i see within the future extended share value, a good dividend return holding up the share will not let this fall very far, unless its total catastrophe and they run out of beer or customers, regards
PIE-EATER
19 Oct 2017
snippet from shares magazine in todays shares magazine....ATTRACTIVE YIELDS... BUT SHARE PRICES COULD FALL FURTHERPub companies Greene King (GNK) and Marston’s (MARS) have both seen their share price fall by more than a fifth this year due to tough trading condtions. That’s pushed up their prospective dividend yields.Greene King is yielding 6.2% and Marston’s is on 7.1%. Investec analyst Karl Burns says he remains cautous on Marston’s ‘despite the attractive yield’ as he believes earnings visibility continues to deteriorate. (DC)Pubs and BrewersJD Wetherspoon +42% Young’s +3% Mitchells & Butlers +1% Marston’s -22% Greene King -23%says it all really.....I will probably give it a bit longer...eg Christmas trading, before I finally give up hope. This REALLY IS one where I have unfortunately let "emotions" overcome common sense.PE
richard599
13 Oct 2017
Re: Peel Hunt Indeed TX2, you are correct to point out the other excellent beers one can quaff regardless of weather, economic activity or confidence level of the average shopper.I thought the tail end of your list of beers belonged to Charles Wells (or Wells & Young Brewing Co.), but it seems Marston's have recently acquired that brewery too. I'm even more chuffed at owning a microscopic piece of such an vast and esteemed portfolio of ales.Cheers.R.
PIE-EATER
12 Oct 2017
Re: YEAR-END TRADING UPDATE H2 "Overall market seems to like the statement, hopefully not just a short term blip."Well, I hope your right but on todays evidence, it's not exactly inspiring. This really needs to head back up to the hundred teens to start building confidence because I genuinely don't believe the statement did. As I said, just not enough optimism from Ralph for me.GLAPE
