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Nice update, looking good and debt reducing.
New CEO in January, fresh start... Gla
Tomorrow / 5th December's announcement is unlikely to be good (not particularly bad either admittedly) if we compare it with MAB's:
- costs / inflation were higher than the revenue rise.
- not necessarily any guarantee that Xmas will be good due to reduced consumer spending projections in general.
And MAB benefited from improved sales partly due to tourism. Marston's does not cater for tourists but local areas, so the return of tourism isn't something it can benefit from.
Thus, I suspect profits will be very low, or Marston's may even get back to being a loss-making company for this year - I'd wait for one more year to expect to see improved profitability.
So I don't expect bad results, but not good enough ones to be optimistic about the company in the very short term.
Confusion reigns? SC's calendar is not only 10 years out of date, he believes the new CEO Justin Platt, is already at the helm. He begins on 10th January 2024, until then Chairman William Rucker is managing the Company.
Thank goodness SC is not in charge of PR ???
As always DYOR.
Yes U/c Cop LSE have informed me for your 5th (all being well) which is for you in the Uk tomorrow-sorry for the Confusion.
Isn’t the announcement due on the 5th making Tuesday not tomorrow ?
I am looking forward to Mondays results and will to seeing how much the new management have contributed to a brighter outlook. Not sure if they will mentioned any merger or prospective takeover speculation at this stage, but the share price is in line with a likely approach. All of the official releases are now feeding the market with more positive news and growth for 2014. My own Brokers have moved this share from neutral to strong buy so hopefully many others will soon too. Christmas is coming too and as reported on National News this is the second most important period for Pubs. GLA.
SC what are you talking about? Concentrate on the facts and not hypotheticals, which will only lose you money.
What Establishments are you referring too?
Do you need a lesson on Stock-brokers/ It seems you trust them with your cash or have the Free shares gone to your head?
You should consider investing in a New Abacus
Should be good for the future growth potential. Thought would mention after hours-no help required great day all round in the markets.
Unfair now needs to actually see where the Establishments are located (which clearly he doesn't), and then fails to realise I was not even talking about them I was talking about the London Market stock brokers and analysts who have raised their expectancy on this share. I do not know one who currently holds his share as a share recommendation. He/she obviously knows more than the London Financial market.
Superpuffer says "FD has no contact with the London market at all" whilst talking about MARS, as MARS has very little exposure to London (nor the South East in general) why do London trends matter to MARS prospects ? If he is talking about the stock market in London I think we all know on this board who to take notice of when analysing the financials & it sure is not superpuffer ?
We all know that the bulk of their estate is rather further north of the M25, perhaps he had been imbibing rather too much of their products last night as his after midnight posting is somewhat incoherent.
A prime example of a zombie company.
Further ludicrous comments. When will rates come down.....next week, next month, sometime next year? We really need to know.
You have not disputed any of the fact presented. If the truth hurts so be it.
Suggest you tune into the CEO of City Pubs, who made a report on Radio 4 this morning. He is far from confident of Good festive trade. But do'nt beleive me, listen to an Exec who knows what he is talking about.
Enjoy your new found "riches"
QmqRubbish comments again from an unfair untrader -who does not take in any positivity unless he invest in the Company for a few days. His moto is to pull the company down and then come in and bounce positive tones to push the price back up a few pence to then sell. My broker as well as most others when asked do not now even enter Marston as a sale on their own comments. It appears this is a trader who appears to have no contact with the London market at all. Christmas will bring increased sales, then we have the new year, both the Inhouse and retail outlets will start the new year with positive growth, lower inflation, lower rates, with tremendous opportunities for those who have invested this is not a time for selling shares in Marston. He is certainly not having my shares but does need to buy some to even be taken seriously with some comment.
40%
SC you are a comedian in a time warp. You are right 10 years ago the company was enjoying growth and an SP at around 150p. Those were the days, now you must get upto date and try to keep abreast of the Governor's words, in full, not edited. By contrast the Americans were quick on the draw as they usually seem to be.
Be a good chap and read my words carefully, apart from numeracy problems you appear to be suffering optical distortions.
I make no bones about it, I have consistently critised the Old management, and have been proved right by recent events. Whereas you were a chief supporter of the Execs who have gotten MARS into the hole they occupy. As for the New Broom it is to be expected he works the oracle by building Shareholder value.
You must stop fooling yourself where the brewery is concerned, MARS are a junior partner with 30% holding, which in my opinion, is likely to decease with the arrival of the New CEO. It is entirely possible Stonegate, who are dynamic is their outlook, will eventually take control of the Marstons estate but not the Brain's "empire". . That was a huge mistake engineered by Ralph Findlay to help a mate, John Rhys, out of near liquidation of SA Brain
What a load of rubbish from unfairtrader yet again. Mr Bailey doesn't somehow want the Pound to stay up against foreign currencies to reduce inflation does he? I think you are confused and have had too many Baileys yourself to be honest. Yet again not reading the official posts, just picking out where you feel you can be negative. The Company have already said 2014 is a growth year and we are very much looking forward to a new direction with new management and the new contracts in place and a move to increase franchise establishments. You criticise the old Management and the new before they have even got their feet under the table does not surprise anyone.
For the London Market they follow Powell more than Bailey - lets be honest and the "US" inflation rate is not far off the 2% target rate now. Hows Bailey doing? Never mind maybe he acted too slow to begin with.
Listen to Andrew Bailey's dissitation earlier this week. NO reduction in rates anytime soon, he also has never seen the UK economy is such a poor state. Mind he is partially responsible. Don;t expect a friendly response from Funders. MARS has a poor track record having breached loan agreements twice. Many companys have hedged energy prices, MAB included, it is food and staffing costs that are hurting, hence margins being chopped, something I warned months ago.
The best result here is a TO. The brewery is controlled by Carlsberg who have a record of controlling partners. In our case they (Carlsberg) will determine who manages the Pub Estate.
MAB -announced increased costs vs Mars who have hedged and maintained their own costs? Or to supply where we have in house drinks on call. Now we also have ECO of scale with Stonebridge to Mars benefit it seems too! Inflation far less today in the Euro, everyone is now asking when will they drop rates? See cheaper rates coming here soon too? Shame market marked us down on MAB, and increased fuel costs on OPEC cuts (which won't affect a fleet of battery powered new lorries at Mars perhaps), and we should have been looking ahead to cheaper rates, growth sectors and beneficiaries of comps with loans that can/will be renegotiated on even better terms? Never mind!
Bad news coming? Judging by MAB results sales increases of 10% + are not off-setting large input increases. At least MAB have reduced debt by £20m. Lets see how MARS fairs?
The sudden departure of Andeas gives the clue.
Pro-active investors have recently commented on how this Company is worth looking at compared to its peers.
Peel Hunt have also upgraded this share. As have my own broker who is the biggest bank in the Uk and one of the biggest in the World. They have moved their pointer towards buy or strong buy which means the majority of their brokers see this as a buy. We have time on our side as we move into 2024 I agree but this Company is coming back and a great option to add to the portfolio.
Statements from the Board and the press point to 2014 becoming an even better growth year and the company is now producing profits big enough to reduce debt and is working to increase annual sales to be over £1 Billion. (i.e over net debt.)
The brewery I agree has become even more of a success with its recent signing with the operator of the largest number of Wine bar /Pub outlets in the Uk.
I see the pub side merging with Stonebridge who no doubt would like to get back some of the profits made from the brewery as Marston will, and the Brewery extending contractual agreements with other outlets. In fact a lot to look forward to. One has to read the Company statements which are made approved by their in house legal counsel for being truthful statements, which is why some are possibly played down.
Super, I disagree with your assessment. The BOD appointments are red flags, CEO looks to have been ousted and the ex Debenhams FD appointment is a concern (less said the better on how that scenario was handled) the only thing left going for this company is the 40% of the JV, which IMO should cover the current MCAP.
IMO this will end up becoming a salvage job, for the benefit of the creditors . I really worry about what ends up remaining for shareholders...
AIMHO,GLA, DYOR,
Now employed by Ocado - hardly a failure! May have been brought in by the administrators at Debenhams (as a qualified accountant) but she will also know how to keep costs down. Her appointment is to be in charge on the remuneration committee? The Chairman has employed therefore a new CEO who worked for an entertainment empire that was sold to the Danes? Also a qualified accountant who is used to accessing a business worth whilst controlling costs? Erh either for expansion or sale following an approach me asks?
Yep, key note, Rachel Osborne was at Debenhams when they went into administration/liquidstion, her experience could prove invaluable!
Chairman appears to be continuing to bring in new talent to help run/maybe expand the business :-
Marston’s PLC is also pleased to announce the appointment of Rachel Osborne, who will
join the Board as an independent non-executive director and Chair of the Audit Committee
with effect from 23 January 2024. Rachel will join the Nomination and Remuneration
Committees at the same time.
Until last year, Rachel served as Chief Executive Officer of Ted Baker and is currently a non executive director and Chair of the Audit Committee at Ocado Group plc.