Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I love the way people take the time to copy the rns... Lol.
Good news RNS,which was expected,but now confirmed. Rerate should happen,as this is far to low an s.p. and market cap,especially with lower interest rate expectations going forward.
Great revenue report.. now for the profitability.
AGM at 10.00 am today.
We need this great update to translate to a steadily rising share price now.
Strong Christmas trading has driven LFL sales growth in the year to date of +8.1%
Marston's PLC issues the following update for the 16-week period to 20 January 2024 ahead of the Annual General Meeting to be held at 10am today.
All sales comparisons are compared to the same period in FY2023.
Total retail sales in the Group's managed and franchised pubs for the 16-week period were +8.8% on last year. Both drink sales and food sales have been strong, demonstrating the resilience and appeal of our predominantly suburban pubs.
Like-for-like sales for the 16-week period to 20 January 2024 were +8.1%, reflecting strong trading over the festive period. Like-for-like sales in the first nine weeks of the 16-week period to 2 December 2023 were +7.4% as previously reported, with positive trading momentum continuing into the festive period. In the following seven weeks, like-for-like sales were +8.4%.
For the key festive days (Christmas Eve, Christmas Day, Boxing Day, New Year's Eve), like-for-like sales were up +9.6%.
Justin Platt, CEO of Marston's, commented:
"I am pleased to report a strong trading performance with like-for-likes up 8.4% over the festive period. It has been an encouraging start to the year. This, together with an improving outlook in which inflationary headwinds are broadly abating, and the actions we are taking to operate more efficiently and rebuild margins, position Marston's well for the year ahead."
"I am delighted to have joined Marston's and am excited about the opportunity ahead. This is a great business and, whilst still early days, I've been impressed by the dedication, talent and expertise of the team. I look forward to getting to know both the team, and the business, better over the weeks and months ahead and working together to build on the trading momentum to maximise the Group's future potential."
Pineapple AGM to discuss tomorrow. Alpha have a call option in this stock-worth a read. See link :-
www.seekingalpha.com/article/4663614-marstons-all-option-on-uk-pub-culture?feed_item_type=article
Property values were actually going to be re-valued "post" pandemic where all were devalued during the start of the Pandemic. However do not forget the value the 40% share of the new expanding breweries too. Now just agreed to supply in addition to the 1400 plus Marstons pubs another 1400 odd Stonegate pubs as well.
While ale tends to skew itself towards an older consumer base, the focus on low & no – given current drinking habits among younger adult consumers – looks a shrewd move. Just last week, YouGov reported almost half of 18 to 24-year-olds consider themselves as either regular or occasional drinkers of low & no alcohol products.
The cohort is now the largest consumer of low & no alcohol alternatives in the UK, so by prioritising growing this area of its portfolio, CMBC will be setting itself up to benefit in the future
Carlsberg Marston’s Brewing Company – an evolution explored.
By James Beeson19 January 2024.
https://www.thegrocer.co.uk/alcohol/carlsberg-marstons-brewing-company-an-evolution-explored/686984.article
Should hopefully underpin the #MARS update and start the real recovery
https://www.thespiritsbusiness.com/2024/01/uk-bar-sales-rose-5-6-in-december/
Hi all
If the asset estate is about £2bn and they have about 1460 pubs, then each pub is worth about £1.37m?
Is that the correct way of looking at it, on average?
Thanks
I have just read the good results from mab christmas trading statement,here in my world marstons have dropped down to 32 so with any potential good news next week we might get up to 36.
Https://www.marstonspubs.co.uk/pubs/finder/?promo=paw
Marstons pub finder
Where the name of the pub shows SV in a red circle in the top right hand corner , this indicates that they are valid there (think this means shareholder Value).
Book of vouchers arrived yesterday - personally I would prefer a dividend but useful none the less. Only difficulty how do you tell a manger pub from a franchised or tenanted one?
Delivery of the vouchers depends on which broker you are with.
With ii and Hargreaves you need to ask for them through their messaging system, and they will send them to you.
AJ Bell don't want to be involved so you need to ask Marstons themselves providing evidence of your holding.
Beware, that previously managed restaurants that they qualify for are quickly moving towards a franchise model and will no longer accept them.
500 shares are needed with a qualification of 30th of November
My Marston voucher book arrived in the post yesterday. 30% off food to 30 Nov.
Last year we had 12 discount vouchers to use between January and November. 30% off food only.
I have not had a notification about any this year but do expect to get them.
You need to hold 500 shares.
Anyone know if Marston's still offer a discount card for share holders? If so how many shares need to be held to qualify for the discount? Thanks in advance 😁
Whitbread update tomorrow should give an indication of the sector -which I understand is doing very well now post pandemic. Let's be honest it is great to get back into a nice warm pub afterall. The Carlsberg Marstons partnership have renewed the partnership with Liverpool FC I see too. Also no pubs have been sold recently at less that book value and all were sold at a profit-for the last account- why would they as the market comes back. Would be interested in figures for Christmas and the new year now as they were talking about increased orders before. Referral was made to re-valuations of their propertied in the new year -post pandemic and so this will help fixed asset values further I am sure. Also looks like they could be supplying Red Oak soon too, as well as Stonegate. Still lots of growth to come here and even though I am doing very well here I have no intention to sell any of my shares.
Cash in the bank is always good news
This might the reason for the breakout of yesterday:
https://www.morningadvertiser.co.uk/Article/2024/01/09/Red-Oak-Taverns-acquires-four-pubs-from-Marston-s-Jan-2024
Not huge in the grand scheme of things considering Marston's scale but it demonstrates two things:
- Marston's can sell some of its pubs (although no price provided).
- Lenders are willing to support pub companies (the buyer had a large chunk of debt, yet its creditors agreed to lend it even more money for the purchases from Marston's).
Determined by the higher SP level and the higher volume than the last few days.
I had honestly not expected it so early in the year. I’m intrigued.
(I’ll respond to Fairdealer in detail later.)
But in the longer term, someone buying at the current price rather than at 27p would hopefully seem insignificant to them - when back to £1 +
I did