RE: Hot weather, higher sales?24 Sep 2018 21:00
Year end results across the sector may change that. Sentiment has always played it's part with many pubs closing. I guess when enough pubs have closed, the rest will take up any demand and perhaps reverse the trend. We also have to remember the 'beast from the east' that could offset the improving outlook over summer and analysts will be aware of that. This sector is now dominated by companies that do wet, dry and accommodation sales, increasing turnover in all 3 and protecting margins will take some doing.
GNK had better than expected sales, if MARS delivers on the back of the hot summer then sentiment may change. That said, with the current EPS and MC we are already undervalued so there is no reason why the sp should not rise from this level.