The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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The fundermentals look attractive. Will place this on my watch list.
Gla
Mary. I trust your keeping good ?.
I am trading a particular stock.
If you find time please look at my last post.
Warm regards.
Marston's well done! Seems like we were right to suggest an upward trend line will now continue past the AGM and based on the presentation and results issued today.
Advantages over competitors in the current climate helps with Marston's concentration on community pubs is now working better than expected with the underlying build up in sales mentioned.
Marston looking like it is being run very effectively now with a switched on B.O.D. I am sure the growth fund managers will see this too.
no real surprise that strikes has little impact....plenty more to come in this recovery. HOLD 4 GOLD.
Some significant differences between Marstons and Fullers. Fullers have aquired and managing a high class group of Hotels where premium rates are readily payed. They are paying a dividend and critically have debt almost a tenth of Mars. It is debt and it's maintenance that will anchor this company for the foreseeable future.
Last chance to buy or sell (if anyone really wants to) before the AGM - I cannot see them being in the same position as Fullers results today as Marston operate mostly local community pubs which if anything have actually benefitted from the train strikes with most simply walking down the pub rather than being in the City establishments such as where Fullers work! Time will tell but I am looking for sales now exceeding pre-pandemic levels!
Have a feeling the shareholders might be pleased with the recovery in the entertainment sector and particularly Marston After recent releases from the BOD leading up to Christmas and following World Cup sales. Certainly most locals around here are getting busier.
There are a number of fund managers with 5% shares now so it will be interesting to see if they start increasing their shares after the AGM? Not long to go fingers crossed for a positive reaction.
Would much rather have a nice SP rise so i can ditch my remaining shares.
Oh Wigglyline, you must be so excited. How wonderful for you.
Received my new vouchers today.
Should hear some more interesting updates very soon!
Also understand Marston short listed for Publican of the year!
Results for last trading year I can see are now out on their home web. We await the recent trading updates in a few days where it is expected that sales will now be over 2019 pre-pandemic levels.
Wolf the sector have done very well and are well off the bottom. Marston's has reported already that Christmas and the World cup has now lifted sales to prev-covid levels and we expect the results for that period very soon. Maybe time for you to consider buying back your shorts as this share price is not going to stay down for ever! DYOR and my opinion of course and I am someone who also has positive results for the other establishments mentioned too.
Yes, other pub co shares are flying on good reports, ftse is flying., but MARs can barely go into positive.. very disappointing.
About time we had another positive report from the board regarding Christmas and fourth qtr sales? Whitbread issued good results today and they and M&B are well up.
Market Retail and high street sales figs looks better too apart from Halfords-which was a surprise to me.
GLA.
Careful, do'nt start counting chickens yet. Details of the agreed Loan waivers are yet to be published. The applicable interest rates could be under scrutiny!!!
In years that the marks move up in the 1st week, typically they move 11%- 23% + by year end.
Marstons will be back to 70p+ if so.
Terry
Absolutely, indeed it could be described as "the reverse Midas touch"
Whole market sentiment now increasing based on the fact US wage growth is not as much as expected and will discourage the Fed rate to increase so much. Growth is returning as Companies with loans who will be looking to renegotiate if they have to at a cheaper rate. However one way forward for Marston is to use new profit to buy back shares inline with the accountants new found value for the Company on paper in excess of £1. as they already have their loans underwritten on a cheaper rate although the extra sales will help their credit worthiness!
see the Welcome trust just picked up 3% plus of the shares.
If the profits are so rosy, why have loan agreements been breached and predicted to continue throughout 2023? Hence re-negotiation of waivers.
www.shropshirestar.com/entertainment/food-and-drink/2022/12/26/marstons-benefits-from-a-collective-rush-to-the-pub/
Bumper Christmas, increased sales from World Cup and now looking ahead already to maximizing the footfall into the Garden pubs in the spring. The tide is turning. I just need to see the figs but by then I suppose the corporate buyers and banks will have already seen then and it may be too late to buy?
The main thing here is that Marston on their last official statement showed they are now back to making profit and on a larger scale than most competitors. I could see from one of my Broker releases that they are now making more per share in profit than say Mitchells and Butlers with sales increasing further into the year end as locals return to the pub.
In fact if money is less to people they are more likely to go to their local than on holidays abroad. My feeling is the future is now far better for Marston than it has been for three years and the share price will recover further once we have the latest sales figures. Their last release was very well put together by what appears to be the new management accountant and far clearer and precise. Worth a read as a lot of work has gone into that.
Marston's IS wor . . . etc..
Terry & FD
You are both, imho, spot on, debt is a risk, inflation is not good the Brains deal was insane and property prices, especially for licensed premises, are hardly in a bull market.
Traditionally Super has discharged his "wisdom" sparingly after new year as about 3 years ago he boasted that the time straight after Xmas was when he and his wife discussed what profits to take re cgt & which ones to run, so he couldn't post regularly, I suspect on his apparent performance this year that the current conversation is pretty short !
Nevertheless he always likes to suggest that he knows best, a while ago he stated, we are always one or two steps behind him, this year it is people short of pudding in their Xmas dinner.
Frankly he tends to spout nonsense, as you both, more politely than myself, have pointed out to him.
I actually, having seen his performance over some years on this board, think it wisest to do the reverse of what he says, he may think us short of a pudding, I would respectfully suggest that he is a sandwich short of a picnic.
Also known as the reverse Midas touch.
Just my opinion, of course...