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Very warm in the Uk for the end of September which we hope has increased sales for the "summer" not long to go for the full 52 weeks figures! Should be impressive based on the fact Marston have advised shareholders the warmer weather increases sales! GLA.
Saw tonight what a fantastic result for Wales in the Rugby World Cup against Australia, and also in the crowd so many Welsh supporters with Sponsorship from Brains! Good for the business and sales as we approach the end of the 52 week business year. GLA
Better news interest rates on hold. Good points- Dulwich man! I know the area well, as was brought up not far from there. I see Marstons provide a very good map that can be used on their web site to find close pubs by post codes. You will be surprised how many they have.
Suppose nearest to Biggin is "Boundary on the Green" at Caterham and "White Hart" at Godstone, nr Sevenoaks! Or today Eight oaks after a planting error!!
Re Ulez I think this over complicates things. If you are taking about London then Marstons do not really have a foot hold however speaking from experience re London I live in centarl London (Just) but certainly at week ends I and she who must be obeyed go every week end out to say biggin hill area for sunday lunch and a stroll . You would be surprised just how many people do. In London terms it is a bit of a drive ( 20 mph. LTN'S etc so time rather than distance) although thanks to the blade runners so far have managed not paying the Ulex charge) However one day a week I go with my mates ( we are all retired) out to a country pub and have a good beer session and catch a cab back you would be surprised how many former work collegues who have moved out of London we meet (they moved because London Politics stinks) What is clear is that many of our old haunts in London are virtually empty except the tourists pubs , we all have the view that London is dying. My point is that Marstons may well do very well if it had some edge of London pubs /food outlets as these all seem busy.
As for the other parts of the Country which have have ULEZ schemes in place I can no longer speak for them from lack of experienece now, But matters that we are told are dividing the country such as Ulez LTN's etc from my experience are also dividing the wet trade and food venues. If you are outside these areas they seem to be do resonable trade.
A further example is I could go locally to a refurbished pub/hotel its 5 mons walk. I never go there food is an outraougeous price ( and I am not short of money) but the quality of staff is so bad it spoils the experience they are like teenagers who do not speak.
At the end of the day many things make a pub sucessfull some but not all can not be put down on a balance sheet or in a training course but if you do it right it works.
Https://www.oxfordmail.co.uk/news/23795750.carslberg-marstons-axes-wychwood-brewery-witney/
Fwiw I see that City Pub Co have reported a like for like increase of 14% in the 26 weeks to the end of June. The rate of increase fell to 12.4% for the first 38 weeks of the year so the wet summer had a minor impact.
Notwithstanding the differences in the size and quality of their respective estates I suspect this bodes well for MARS.
The (stock) market likes cost-cutting.
Marstons are closing their Wychwood brewery site @ Witney. Shame, loosing their 'craft / real ale' beer production. Carlesberg mass product from now on. Where do we go from here?
Well to be honest I drive and only drink low alcohol beer nowadays, whereas I would not drive into London anyway. Too many years working there to be honest have taken their toll which might explain? Sorry!
Supercharger - sorry but what you write is all over the place, you jumble together various points with very tenuous connections.
For example, re: ULEZ, people don't necessarily drive to go to the pub, it's for their shopping. Pub-going is largely local (whether local to your home, or to you work), especially in towns and cities. Those who drive to go a pub typically do that because they don't live in a city and generally have to drive to go anywhere in the first place.
Yep could be the reason for rising costs. However at least Marston have as a majority local community pubs -rather than in town wine bars where costs would be a lot higher, especially rates and in london which would be subject to the new ULEZ charges. Fortunately Marston have most in the Country (although any in Wales may take longer to arrive due to 20mph rules, ha.ha).
"rising costs" means rising costs to pubs. Like most retailers / on-trade businesses, earnings aren't high enough to cover the rise of costs.
So they are banking on the bulk of their consumers for the busy periods to still be able to cough up 20p more or so per pint rather than having to close down branches.
It's not just out of greed, they probably don't have a lot more options.
I would imagine Stonegate might be having to raise prices at high demand to meet staffing as well as costs for delivery especially as it appears demand for beer is strong. Marston may benefit from this if they are charging their whole sale customers more to supply but this will benefit the brewery. For their own establishments the Marston CEO said that surveys had indicated customers would pay more for premium beers (as once they were out they were willing to pay more for their enjoyment) but he also reminded shareholders Marston were based on a pub business model and so I suppose his point was they were local an not an uptown wine bar. For beers I understand the Rugby World up has been a success for them and we know from reading the releases they have close connections with sport sponsorship.
Lljeb The reason i stated self destuct regarding stonegate price rise is because in the same newspaper an article titled "Last orders... More than two pubs a day are lost in England and Wales amid soaring costs and tighter consumer budgets",i think its madness to raise prices at this time,
Not necessarily. If you study how retail works, you often see backlashes when the prices of key or iconic products rise, and sometimes after a brief dip, customers adjust and buy again as before.
That applies to non-luxury products / small purchases.
Larger buys like black goods / brown / white goods or cars are different.
So after a bit of noise from some consumers for a couple of months, history suggests that Stonegate's earnings will not be adversely affected in the medium term, and other pub chains will probably follow suit.
Outraged punters blast Britain's biggest pub chain over 'dynamic pricing' plan which would see drinkers charged 20p more for a beer at the weekend during peak times,guess who,,,stonegate,
Retty 1 -you could be right but one thing WB would ask for is to see if any Company can become more profitable and he would usually tell the market after his investment so the doomsters will never get the chance to get in before hand. He is not as stupid as them who feel they should broadcast the fact of an approach at the time. In fact any due diligence is usually under taken with a full confidentiality agreement. Time will tell if we have an approach but the Company is moving in the right direction and like you I can wait.
It seems the Company cannot ever please Baby doomster and not only refers to someone who left the Company ages ago and in the past refers to expenses and costs and the partnership intend to bring centrally beer production and he still complains.
Don’t get the takeover talk, they will offer 70p if we are lucky; I am holding for the quid at least. Like the great prophet Gary Barlow said have a little patience.
Based on fact I have a 34p average, I reckon over the next five years marstons will give returns that even Buffett could only dream off
What nonsense, company being asked to slim down by a "potential" aquisition merchant. If there is any grain of truth in that "hope" the Company would be obliged to issue a statement. The BOD did not issue a statement regarding Platinum offer for several weeks, so who knows? RF was too busy giving a life transfusion too Brains at the time. Then Brains did the dirty on MARS. Within 6 months of the Leasehold/management agreement, offered the Freehold of their(Brains) Pubs for sale. Marstons now have a new Landlord of the erstwhile Brain's estate, Song Capital Investments.
Pure speculation. Whetherspoons has been “slimming down” too and it’s highly unlikely to be taken over.
Do we know that they have asked to make a statement or is that just speculation that they might?
Suppose on the basis sometimes takeover approaches can come in privately asking for the Company to slim itself down a little before a formal offer is made? It makes one wonder if this also could be a possibility (apart from just reducing costs) and if so we should hear more 14 days after the fiscal year closing at the end of this month where Marston have informed brokers of their intention to make a statement?
Sounds like they either wanted to re-negotiate the lease on better terms or save the lease expense based on trend, and longer term demand where (unfortunately) the young'uns prefer Lagers such as San Miguel, etc that the Marston / Carlsberg Partnership produce/ distribute -shame, but they are obviously looking at trying to boost profits on sales trends. The Americans did this with Cadbury and Heinz - except they moved production abroad for cheaper production costs. The accountants clearly are trying to make the company more profitable for owners -hope it pays off for us, despite the fact variety of ales is lost for oldies like me!
No beer ? IMO should keep the smaller breweries open. Wychwood (home to Hobgoblin) next to go, excuse being 'By making use of the break clause in our lease for Wychwood Brewery, we can consolidate our brewing network to achieve greater efficiency and productivity, supporting ongoing investment in our people and business'. So efficient there is not enough beer to go around. Do not believe Hobgoblin brewed elsewhere will taste the same.