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Pin to quick picksMarstons Share News (MARS)

Share Price Information for Marstons (MARS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 40.75
Bid: 40.70
Ask: 40.95
Change: -0.35 (-0.85%)
Spread: 0.25 (0.614%)
Open: 40.75
High: 41.35
Low: 40.50
Prev. Close: 41.10
MARS Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Atrato plans asset disposal, liquidation

Thu, 03rd Oct 2024 10:41

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Atrato Onsite Energy PLC, up 20% at 76.54 pence, 12-month range 60.2p-79.6p. The London-based renewable energy investment trust agrees to sell entirety of its solar assets portfolio at a headline price of GBP218.7 million to a joint venture vehicle owned by Brookfield and RAIM Apollo. The deal will need shareholder approval. Following the disposal, the board intends to seek shareholder approval to voluntarily liquidate the company and distribute net assets back to shareholders. "After a detailed analysis, the board determined that a sale of the portfolio to the consortium was the best means of maximising shareholder value against a backdrop of persistently wide share price discounts in the investment trust sector, the subscale nature of the company and consistent shareholder feedback to sell the portfolio," says Chair Juliet Davenport.

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Residential Secure Income PLC, up 5.5% at 57.4p, 12-month range 45p-66p. The retirement rental and shared ownership-focused real estate investment trust proposes managed wind-down and portfolio realisation strategy, with capital to be returned to shareholders. Notes market cap of around GBP101 million means company is of a size which "may deter some potential investors due to lower share liquidity". Chair Rob Whiteman says: "The headwinds for smaller listed real estate businesses have been well flagged, and there are no quick fixes. The board and fund manager are focused on maximising returns to all shareholders." Shareholders will vote on the proposal at an upcoming general meeting.

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Marston's PLC, up 7.5% at 43.15p, 12-month range 25.55p-44.7p. The Wolverhampton-based pub operator rises as the stock is placed on 'positive catalyst watch' by JPMorgan Inc.

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SMALL-CAP - LOSERS

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VP PLC, down 7.7% at 600p, 12-month range 460p-745p. The specialist equipment rental business warns that market headwinds in Construction and Housebuilding and a slower start to Control Period 7 are likely to hold back its annual profit performance. VP's financial year ends in March. It now expects an annual adjusted profit before tax, amortisation, impairment of intangible assets and exceptional items of around GBP37 million, which would be behind the prior year's figure of GBP39.7 million. Also announces acquisition of 90% majority interest in Charleville Hire & Platform Ltd, an specialist powered access business in Ireland. Will buy remaining 10% over a three-year period. Initial cash consideration is EUR12.1 million, with a further maximum deferred and earn-out payment of EUR21.7 million in due course.

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By Elizabeth Winter, Alliance News deputy news editor, Global services

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Marston's confident on profit after strong festive pub trade

Marston's PLC - Wolverhampton, England-based based operator of 1,334 pubs across UK - Expects to meet market expectations for GBP68.3 million in underlying pretax profit for financial 2025, which runs to the end of September, after a "particularly strong key festive trading period". This would be up 62% from GBP42.1 million in financial 2024. In the 16 weeks that ended on Saturday, total retail sales in managed and partnership pubs was up 3.0% on year, driven by both food and drink sales, Marston's says. Within this, like-for-like sales were up 2.0%, as the core Christmas period offset poor weather in November and January. In the two weeks from December 22 to January 4, LFL sales were up 11% on year, including "record" sales on Christmas Day itself. Marston's will publish its half-year results on May 13.

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Marston's delivers 'strong growth' over key festive trading period

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Marston's confident for Christmas and future as swings to profit

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Marston's upbeat as full-year profits rise

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Marston's predicts market-beating growth as unveils new strategy

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(Alliance News) - Marston's PLC on Wednesday backed full-year guidance despite growth slowing in the fourth quarter of the financial year.

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