Feast on Mitchells & Butlers’ turnaround Return of payout after seven years as shift to premium end of market boosts prospects Mitchells & Butlers’ (MAB) pledge to bring its pubs into the 21st century and tackle mounting competition presents a buying opportunity for investors while the share price is still low. The investment case is bolstered by the return of ...
Mitchells & Butlers PLC (LON:MAB) Change of Rating
Trading of Mitchells & Butlers PLC (LON:MAB)’s shares is going to be interesting today, as HSBC lowered the stock to a Hold. Along the rating downgrade, HSBC analysts gave a target price of GBX 385 or 17.20% more.
The big problem with this company is they do not invest in staff, have u ever been to one of their outlets? Shocking! Food generally good but never enough staff must cost them thousands in lost sales. One man is not to blame but he could of invested in people.
Forecasts will come down and the future, to be blunt, is somewhat unknown.
One person is not to ‘blame’ for M&B’s sluggish performance. It follows that changing one man, whilst under ideal circumstances the newcomer may prove inspirational, will not ‘solve’ these ‘problems’
To structure the RNS statement such that it welcomes a new CEO before it concedes that it has jettisoned its existing CEO is, just maybe, a little rude.
Here’s a thought, why not break M&B up? Turkeys (executive directors) don’t often vote for Christmas but, with [entrepreneur Joe] Lewis and [investment group] Elpida owning around half of the company, this is a real option.
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