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If the BOD is on the ball, why have they not published the other side of the balance sheet? 10% sales increase is fine but inflation on basics, food, staffing etc has been running at >16%.Any economies of scale, if at all, are pure speculation without the cost of inputs.
Many other Co's in the sector have adopted the same method of reporting ( just emphasing sales) which is very misleading.
Sounds like someone needs to write in to ask a question to Marston BOD?
For me I see turnover increasing and with increased sales greater economies of scale on supply leading to low costs over competitors where they still own 40% of the Carlsberg Marston partnership that one once said had to sell and supply their own beers. Something most of their competitors cannot offer.
30 degree heat is forecast to continue this week - happy days if warmer weather means greater sales which the BOD said!
A question that is unanswered....... what is the cost of increased sales??
It is profit which matters to shareholders.
If sales do increase with the weather we could be in for a star fish! Ha,ha!
Woo woo! And what do the seaweed and crystals say?
Marston said warmer weather helps sales? Could see better results very soon? Record highs and an extended run of sun will be good too.
Things are looking good, company moving to profit, and solid bottom has formed.
great time to buy and hold for an nice easy profit.
Maybe look at last updates from sales Trend line post pandemic very good and sales continue to grow according to the official Company releases. Trouble is with a low share price the price is volatile and any trades have an effect on price. However day traders will look at this as a good thing as they can also time their buys/sells.
Diagonal support line broken due to today's SP decrease: the bullish pattern has been invalidated.
This is not looking as good anymore.
https://www.tradingview.com/x/oIWeNSZe/
Chinese already adding stimuli and Job data out soon from the states may give a clue to MKT sentiment in the West. For Marston looks like into next week we have fine weather here in the 20's - so maybe sales will continue to show growth. Could be good on more than one front - fingers crossed for the Mkt as a whole.
Don't worry , it will drop below 30p. Just wait for the next abysmal trading update and you'll be fine.
11 days after Marston will make a trading announcement.
Well it wouldn't surprise me if someone was ready to go for Marston. With an accountants NPV on share price of what was it 96 or 97p I am surprised it is still so low and this is based on sentiment for the reason of 32-33p. However if the numbers continue to come back post pandemic sooner or later it will feature in fund managers radar, etc. If interested rates have peaked this will help the whole market sentiment to be honest too. GLA.
There is a flat top triangle (aka ascending triangle) taking shape.
https://www.tradingview.com/x/KuZtwoGM/
This suggests a consolidation before a significant move upwards.
https://www.investopedia.com/terms/t/triangle.asp
30/09 - Could be a key for direction to see if the Turnover continues its upward path .
I bet many caught up in the air traffic control chaos may wish they had stayed in the Uk? Indian summer would help here too.
Hello all,
It’s very quiet on this bb considering the upside potential of this share. I stupidly sold half my holding recently for a reasonable profit and swapped to Capita. Will be buying here again if it drops below 30p which I doubt it will.
Regards
Yes, strange that one.. M&B do very well with Miller & Carter
As I understand the "Revere" brand was for a few Select Pubs where select menus were on offer. There must be little or no demand for high range meals.
So much for the CEO's comments, "customers have money and prepared to buy value added food"
Dare say they have a large number of choices already that are more popular? Their web does give a large number of Beers and Lagers in group.
Nothing is more annoying than customers spending too much time in deciding what to have where they have too much choice, where there is a queue of customers waiting for their regular pint! IMHO.
If folks are having premium food/drink do you know why they are scrapping the Revere brand which is supposed to be top tier?
The recent video on the Marston web for investors is well worth a watch. i.e. It states customers have returned and are in favour of Premium Beers/Ales and food, and they are not price sensitive and are willing to pay where they currently enjoy the experience of going out paying more to do so, but they remind everyone they are ultimately a Pub Business but one where customers enjoy the warmer weather in the Garden rooms. All recent sales of the Establishments has been in excess of their book valuations and this has had a positive effect on the NPV which is increasing. They are deducing debt and increasing sales and their research is showing the data is more reliable and consistent. Their prop Estate is worth £2.1 Billion and as I say the recent Marston audio and visual presentation if not seen is worth look at.
I suspect Marstons have been trading relatively flat L4L over the past six weeks since H1, with the summer weather being fairly lousy. However I have upped my holding, on the basis of the reducing costs profile, energy and food have trended down well, and still have a way to go, and I have a good insight on how pubs trading is generally holding up well. I think AA has weathered the storm well, and with wage inflation now above general inflation these form a collective of positive indicators that have not been there for some time. On the flipside property values are softening and so the next estate valuation will be interesting. Overall though , if trading holds up and the debt continues to be well-managed and reduced, potentially with more selective disposals, there appears to be a very significant value opportunity even on a conservative valuation of the estate.
Could be in anticipation of a raised sentiment. Perhaps they have been looking at the recently released shareholder vido on the Marston web following H1 results. i.e. if this share price continues to gain sentiment it will eventually be back in the "350" rather than "All share" and then Banks/ Assurers will be buying more for their tracker funds, etc.
So they must be long. I guess if they are using financial instrument they don't appear under major holders?
Have you got the right share? I just looked and nothing registered for Marston on the short tracker index (over 0.5%) since Jan 23 where it went below the minimum recorded level?
However interesting I was surprised to see there is a short on Wetherspoon thro Arrowstreet for 0.69%.