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I think another takeover could be on the cards or shake up. Carlsberg take the brewing arm. Wetherspoons the pubs and premier inn the hotels. what do people think !!
WW succinctly put. At the time of the Carlsberg deal, I suggested the company begin to re-invent itself. The Brewery, our Crown Jewels, was/is far less labour intensive than the hospitality arm. Staffing for many Businesses has become a serious resource issue, working from home has not helped, and then patrons get the experience Barchid related a few days ago. The Chairman's purchase last week does give a level of confidence, but then maybe he considers a total loss here is unlikely whereas to buy another Racehorse could be exactly that. When you have money to burn it is neither here nor there where is is invested.
The investor presentation "could" be paving the way for some unexpected news!
Jefferies ( are they a Broker?) have downgraded target price to 50p.
The City is not confident.
Many of us came here on Dividend yield, now that has disappeared any restoration is a way off.
Don.t think an Investors day will help here unless they announce the BOD is resigning.
Bad debt (and still spending on a new HQ) breweries sold cheaply, strange deal with Brains, refused to consider a good offer to sell at over a quid, then the CEO leaves…Sp falling off a cliff, no intention to pay a divy any time soon.. Brokers today are clearly telling the company how the market feels about it.. no confidence. Who is going trust this lot to steer the company to better times with their money?. Unfortunately I did….
Looking forward to the shareholders/investors meeting tomorrow. Returning to profits no doubt will be the focus, which could have been a lot more if our Welsh friends had come out of lockdown at the same time as England. However I wonder if there is going to be any other more recent interesting news coming? Understand home beer sales have been doing rather well recently too -perhaps our European friends will be there too to advise and update on the beer consolidation and brewery production?
Looks interesting folks especially as it is only now two days before a share holder meeting. Perhaps he is confident of a successful presentation with fund managers/share holders/investors.
I see he is already making money as the share price is now moving up from his purchase price of last Thursday and so he must have felt the price was good value considering the timing and what is coming for the future prospects?
Doesn't it make you thirstier?
It says he purchased these in the RNS.I can see what you mean but the award last year clearly states insensitive awards vesting on future performance so I still think it’s a purchase with his own money.
Well, pubs have been blamed for spreading everything else, why not this …
Anyway, this share does not need a reason to go down, it just does it naturally.
Already heading to JUNK status over the summer.
I think the chairman and some management get the shares yearly as part of their salary package,findley used to get them yearly,
There's no easy way of saying this but I think the markets are going to be spooked come Monday morning :
https://www.standard.co.uk/news/uk/monkeypox-outbreak-uk-cases-rise-virus-joe-biden-europe-latest-update-b1001572.html?amp
Chairman looks confident .Just bought 200,000 shares !!!
Might be worth attending :-
https://www.marstonspubs.co.uk/docs/financials/2022/investor-meet-company-presentation.pdf
It appears today the govt released stronger retail sales for Alcohol compared to general consumption which will help Looks like we are just starting to respond to the better news out today. Or are we being re-approached as a takeover target?
Supercharger
So thoughtful of you to post the Alliance news cast that is over 24 hours old, do you think posters here don't read the news ?
Fairdealer gives a reasoned analysis of the results, he may be spot on, perhaps he is not, but his post is informative, not a repetition of what we have already read over a day ago.
But thank you for your kind repetition of old news in case we missed it, most helpful of you.
(Alliance News) - Marston's PLC on Wednesday said it returned to more normalised trading despite Covid-19 disruption in the 26 weeks to April 2, allowing the company to swing to an interim profit.
The London-based pub chain operator reported a pretax profit of GBP25.6 million in its first half, swinging sharply from a loss of GBP105.5 million the previous year.
Revenue surged to GBP369.7 million from GBP55.1 million. Like-for-like sales stood at 97% of 2019 levels despite restrictions over the Christmas trading period.
The SP recovered early doors, then Investors take on board this mornings RNS (Investor Presentation) This is probably making existing and new Investors a little nervous!!
All outlets are now open and we heading to the covid levels were all pubs were closed,my mate works in one of the warehouses and is wondering were and how the extra cost savings are going to be made,,,,worrying times for hospitality again,
Same holding now until they are back into the 80's
Tough times ahead but im holding mine
back at 55.5p the shares I had sold at over £1
Like the Curate's Egg, good in places. We are back in profit even though sales 97% of pre.covid.
Loss of 1p/share
Brewery disappoints with a loss of £2m
Brains performing well, not sure of breakdown of Sales to profits ?
Debt remains stubbornly high at £1.246Billion. Agreement reached with Banks and a Private Placement. Seems the Loan waivers agreed a year or more ago are not adequate.
Intention to reduce Debt below £1Billion by 2025
No Dividend will be declared for current year.
Serious headwinds coming. Brewery costs will rise explonetially, energy costs, barley prices have virtually doubled in the last 9months. Food cost will rise in excess of inflation, the company will partially offset with further efficiences, passing on limited price increases. The intention being to have 3 grades of motels/restruants, Family(Community)..Signature (90 pubs to be converted to give a Country Pub Feeling and Revere a Pub/Restruant to provide a high experience for those with High Level of Disposable Income.
Even though the market is down, it does not seem impressed.SP down 7.2%
In comparison M&B 's figures are better. Debt reduced by £250m, profits recovering well. Warns of the same threats facing all Hospitality providers. Serious headwinds coming.
The market prefers M&B's figures/report with the SP down 1.4% in line with the general market.
Total
I must say I admire your confidence ; since you posted them as a "strong buy" at 63p on Monday they are now down 8% at 57.9p & you now say "looks like we have found the bottom".
A nice puff on Monday but it has lost a bit of credibility by Wednesday.
Frankly anyone who thought they know where the top is, where the bottom is or even where the stock will be in 2 days would not be busy posting here would they ? Still you know that really don't you...
Supercharger - Literally what I was thinking.
Watch out for those big buys come in. Looks like we have found the bottom
No doubt the Directors will be taking up their share options at this rate!
Which makes it an even better value longer term to me - after all if the firm is being run by a chief exec with an accountancy back ground he knows he has to keep up with his pricing so like everything else at the moment prices will rise with sales. At least as he said if this is a local pub which are showing signs of recovery most will be walking there and saving on fuel driving to one in town?