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Its good to seen that the brewery are moving towards new fresh beers that their surveys have no doubt found more attractive to the audience they now serve. If Camra were so concerned then they should have visited the pub more often. Use it or lose it!
Fortunately Marston pubs have been finding greater margins on their foods of late, and the brewery is taking care of beers where the retain 40% of the Joint venture partnership with Carlsberg that is expanding. Hopefully very soon we will see what the brewery sales will be which take into account home sales which may have increased with less sun outside, perhaps enough to see why JP bought 347,886 share for £99,495.40 for those who can see the significance of the timing being just within his window of opportunity under LSE rules.
Good weather used to be the brewery/publicans friend,but even in july 2022 when we had record 40 degree heatwave,marstons still failed to attract and sell beer to thirsty customers,
What the Board Bard fails to say, dividends can only be payed at the behest of Debt Funders. Which is like a snowballs chance in Hell.
Gulf can only predict a couple of sunny days in June.
I would love to see a dividend but there is zero chance of that while they have that huge debt mountain to climb.
The best we can hope for in the results are for signs of increased footfall, a profit increase, and some debt reduction.
Oh, and a nice long range weather forecast for summer would also be welcome!
Not long to go to Marstons results, perhaps they are learning too how to re-invest their sales proceeds. Perhaps start paying a small divi to shareholders so that we can share in the growth and to encourage fund managers who are looking for income and pension fund investments.
That is a very offensive remark. I suggest you remove immediately.
My family never managed Post Offices.
SC do try harder. Be a tad more respectful to those whose knowledge is superior. You could learn a lot
Are you saying that Horizon was correct and people were taking cash out of the system and hiding it in their Cupboards?
If so I would be very careful with who you hand your new found "old" cash to as you might end up on the telly being questioned?
ATB.
Pedro are these the same PO's who used Horizon?
Fairdealer20. If you google it there are 20 post offices that the bank of England has designated to accept the pound notes.
FT - You are the clanger mate!
Might be worth coming clean with your bank notes found in the cupboard (you did not find stockings and a gun too mate did you -only joking ). Not sure how much you have found but if not too much it might be better just to hold them as non legal tender or play monopoly with them. I always thought a post office could change up old notes? Unfortunately with your £200 for passing go, you will not get free Marston discount vouchers. GLA
Even though CEO & CFO received significant number of Free shares, I stand corrected on Justin Platt's purchase.
Henners can you say where pound notes are accepted? After my mother's death in 2012 we discovered a serious mount at the back of a cupboard. Bank refused and suggested taking to BOE, who were less than helpful.
Supercharger is correct. The CEO and CFO did certainly get granted free options but the CEO did spend £100k on new shares ( see 15/3/24 RNS).
I note substantial trades today. Not only the CEO can see , prime facie , a good investment.
Mmmm. Semantics perhaps but the U.K. does still have pound notes as legal tender.......................just not across all of the country. I do not understand why.
C'mon MARS give us something to shout about, other than the printing of pound notes!!
Another clanger(s).
Please check the detail of your post. The CEO and CFO did not buy shares but exercised FREE options. I would suggest the timing was more to do with the TAX year end and not the reason stated.
Incidentally the pound note ceased to be Legal tender in 1988 are you still printing them???
Hopefully we will be asking for the printing of new pound notes when the results come in. haha.
Interesting that the CEO spent £100,000 on new shares within his allowable window though -before the results. Maybe he is the one to ask as he sees this as a good investment!
Ah inside information, or are you the printer??
Results soon. Looks like they may already be at the printers?
Many on here may have been confused and looking at another share by their recent comments of living in hope for a fall?
Looks to me like this share is coming back today -perhaps in anticipation of results currently up 4.39% on the day. Does someone know something?
I do think the Stonegate news has definitely rocked the hospitality sector and as it is the largest pub co in the UK, it definitely has affected Marston's SP further. However the Stonegate estate is very different to Marston's in that Marston's have very little city centre presence and therefore not affected by issues such as lower footfall and limited transport options (Congestion charges/Train strikes). Marston's pub portfolio is mainly suburban and in residential areas and therefore lends itself to stable and resilient revenues. Not to mention Stonegate and Revolution bars also have nightclubs which are slowly dying a death....
Yes, can accept your points to a certain extend GM, but yet as always this SP continues its slide 1pc or more regularly, while most in the pub sector gain or hold stable/drop modestly .. Is the market gambling on this to fail like others recently. ? How much has Stonegate problems affected it it ? Something is very wrong here, refinancing issues ?
@wolfwatch isn't this driven by the macroeconomic environment rather than anything Marston's are doing/not doing? My advice is to sit tight and await the H1 results in May.
This seems to be heading closer to 20p, wonder if we'll ever see 30p again. Terrible..
Macq -thanks for the heads up on the new Chairman I thought (per the Comp web we had this?)
Justin Platt
Chief Executive Officer
Justin was appointed to the Board with effect from 10 January 2024.
He has over 30 years’ experience in hospitality and consumer-facing businesses, having spent the last 12 years at Merlin Entertainments most recently as Chief Strategy Officer and prior to that, in a variety of operational leadership roles.
Justin’s combination of operational and strategic experience in multi-site leisure businesses equips him to lead Marston’s through the next phase of its development.
However watch out for Dad and son who are stuck in the Temple of Doom! Wicked beer there to be honest!
@macq
Superdischarger does love to waffle, best to leave him be, not the sharpest chisel in the box imho...
The departing chairman (william rucker) has departed 6 months ago,the new chairman (justin platt)was installed on 10 january 2024 so he will have only been at the helm and making decisions for 5 months before any updates in may,
Should tell us how at home sales went from the Brewery, particularly last Christmas sales which should be up and ready.
Also it would be good to see how the head hunting is going to replace the departing chairman. Perhaps the tie up with Carlsberg will become a closer one? Not long to wait for inhouse news or from the Board as to see if we have any other interested parties who feel that can take the Company further forward.