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Current Cheaper current fuel costs will also help sentiment. Next release due March or before may be interesting on speculation and costs.
Saxman -As Marston supply drinks to the MAB group we also all hope they do well too and Marston and the Brewery will benefit from their equal good fortune. GLA.
Unbelievable Easyjet Geneva flights are running from Southend Airport from just £15 each way to either Ski, or just further explore Europe.
Grenoble flights to start early February too.
Last summary on the Marstons web for 2023 before we enter the growth 2024yr gunning for £1B in revenue.
Pubs to be proud of
Our core strategy and vision is of delivering ‘Pubs to be proud of’ remains unchanged. We achieve our goals, sustainable growth and value creation through our focus on people, experiences and responsibility.
1,414 Pubs and bars c.11,000 Employees £872.3m Total revenue £34.4m Net cash inflow.
2024 is going to be a growth year. Enjoy downing the shorts!
Recent sale of the Bio Mass has saved the Company for 2024 and we look forward to the new exec from Birmingham Int Apt performing his magic with the new routes (which was why he is employed). One can expect volatility at this cheap price but with a 22% increase today both good and bad days will follow, but also a fortune can be made or lost so those with a nervous disposition need not apply, but this with a balanced portfolio who want risk and are already over the £3k CGT allowance for the year can. GLA.
As Shorters are getting desperate on here and panic they do really need to read the "official releases" to gain any respect, where the values of Marstons prop. during the pandemic were over £2 billion, something they turn a blind eye to, like they also did not hear or see the Chairman saying the property values during the Pandemic were now to be revalued post pandemic where the Company is making money, and every recent pub sold that was not part of his plans sold recently in excess of current book values. I wonder what the whole estate is going to be worth now to a Profiting environment, not long to wait! GLA. 6.63% gain today in addition to previous gains. Time to re-buy back in shorts before it's too late!!
You are right folks this is indeed back in the FTSE 250 and at this rate we will be heading to the 100. A top share this one, and also I like / hold Centamin (who like Hoch have found new reserves with more extensive new drilling in Egypt and Africa) and lets not forget Fres, once the Peso rates start reducing but we can expect all of the FTSE miners to do well once the rates are reduced. GLA.
As the shorts get burned fast due to the strong buying of Marston shares. We can see on one on here never ever shares a positive view for this or any other share he comments on with the LSE comments message section. The other who he recently agree with and commented sold his Rolls Royce shares at £1.46 and the price of that has doubled since. Shows what two of them know. However true to form I can see the price of Marstons shares doubling in the next two or three weeks, especially when and after the Christmas sales are in, when the new CEO is in, and when the BOE rates are revalued down. GLA.
Recovery in progress, bookings for Christmas fully booked, Inflation down to 3.9 %, money broking experts are saying next yr we may see 5 cuts at the B.O.E. what with the CM JV growing fast with new contracts being signed I hear every day, where recently Stonebridge signed including the largest Pub/ Wine bar estate om outlets in the Uk, and the only people being burnt are the small town shorts, some of which have admitted they personally do not now hold any shares -well when they buy them back they will need to pay far more as this share price rises even more into 2024 the Marston growth year as advised on their official web. I will certainly be having a Merry Christmas here. GLA -enjoy.
Govt. can buy they need a free port, any carriers can buy for their own needs/usage and in saving costs put upon them by the large airports, cargo users might benefit particularly at the moment with concerns regarding shipping up the Suez, etc, I see route expansion too, and hopefully as RG has shown a 10% interest he might know something about the Jersey/Guernsey route coming soon. Lots of opportunity I will not be selling my stake as see a longer term future.
We can expect more investment houses to come on board here or their own clients will be saying "how did you miss that one," maybe they were following the wrong "Star" but if there is a stalking Horse or Donkey and wise men they are unlikely to find any room at the Marstons Inn, as they have already said Christmas bookings are up and nearly full.
Also i have a feeling they would love this stock to go on the NASDAQ and off the FTSE -just like they have done with ARM!
Still with precious metals ready to exceed all records once Mr Powell drops his rates this share will respond positively and I can remember a few years ago this share was from 1200p to 1600p so we have a lot of ground to make up before it reaches peak levels.
Yep agreed -=time to buy in my own opinion. They will be stocking up ready for the Fed to drop rates, as Fres have already said a couple of months ago 2024 will be a better year with more ventures coming on stream. Saw on the news a new railway going into Mexico too which will help transportation if security is onboard. GLA
To me in my mind the Airport has so much potential in its proximity to London, own railway station, operation which is now up and running, to the govt who are using for the RAF, to Easyjet seen expanding routes that are now being offered for the summer, that we once a suck it and see, with the firms notification of new talks with other major airlines, with employment of a Birmingham A/port exec. who was and is now responsible for development of further new routes, we have a lot of look forward to, and with funds secured for the time being with no rights issue required for current shareholders, 2024 could be a surprise year, and even for sale in my mind I see a £2b value for goodwill and land, of a very rare opportunity to acquire an airport so close to London, but Ulez free unlike Heathrow, and without over capacity issues of Gatwick/Heathrow/Stansted/Luton, etc.
I know I should have said 2024 is a growth yr not 2014 before the school boy short trousers come in looking for their daily snipe!
I will be the one laughing next yr after the rate cuts I am sure!
No one will be shorting this stock at a corporate level now, and only one or two small time investors whom most likely come on her with negativity. However for them time is running out as we have seen how this stock reacts to even talk of reduced rates which is coming in 2014. The company itself has said 2014 is a growth year for sales, new contracts are signed for the ever expanding brewery, franchised pubs are profitable and growing in number, Puns are to be revalued post pandemic, recent sales of pubs have been sold "over book," and with rate reductions and renegotiated short term debt to come as longer term is already hedged, we have a lot to look forward to in 2024! A share just starting to come back and no long before it realistically reaches the values being talked about by JPG and still way below the accountants NPV recently upgraded to over £1 per share.
In fact once loan rates start coming down this stock will benefit tremendously. What we need is in addition to the widening of Spanish routes for the summer with Easyjet holidays other routes to be announced such as extension to Euro Cities and or Jersey/Guernsey mentioned before. At least the Ski hols have been going well.
JP -Announced the Fed is likely to start reducing rates in the new year and is done with any lifting for this year. Dow has bounced back, and the Indian Market overnight has started moving over a 70,000 level higher.
If the BOE and the ECB signify a similar trend in reduced inflation we can see loan rates reducing which will benefit firms such as Marston not only with reducing financial loan costs, but also with increasing property values where the Estate is already worth over £2b on the books or twice that of high loan rates. So a lot to look forward to in 2024 with not only increased Sales projections but also reduced loan rates. Something that many have criticised in the past. GLA.
Yes indeed TRI issued to day show Richard Griffiths is buying big time and now owns over 9.31% from 7.60%.
Perhaps he know something about the new Jersey/Guernsey routes coming and mentioned earlier in the year? This was the best payer for Southend A/Port previously.
A £35m profit before tax but for the past 2-3years the same old doomsters visit this site with no faith. They hope to wait on the fence for an offer to come in before they buy, but let's be honest Mr Cuprinol will not be quick enough to get back in should a sudden offer come in, but why would Marstons want it to happen? They are not bothered about the company debt which is reducing with improving sales, and margins. They are gearing towards £1 Billion in sales where debt is reducing (which will be far cheaper once interest rates fall and debt can be re-negotiated to bring savings. Prop, values also now increasing will accelerate on cheaper loans too. Millions are currently being spent on Electric charging points being installed in their car parks. If they were that worried short term they would not spend this money which they do for the longer term as it gives them advantages over competitors. See below what they released in their precis table :-
IMPROVED UNDERLYING PROFITABILITY, POSITIVE CASH FLOW AND CONTINUED STRATEGIC
MOMENTUM
Marston’s, a leading UK operator of 1,414 pubs, today announces its Preliminary Results for the 52 weeks ended
30 September 2023. The period under review commenced on 2 October 2022.
Underlying Total
2023 2022 2023 2022
Total revenue £872.3 m £799.6 m £872.3 m £799.6 m
Pub operating profit £124.8 m £115.4 m £90.2 m £142.1 m
Share of associate £9.9 m £3.3 m £9.9 m £3.3 m
Profit/(loss) before tax £35.5 m £27.7 m £(20.7) m* £163.4 m
Net profit/(loss) £32.0 m £27.5 m £(9.3) m £137.2 m
Earnings/(loss) per share 5.1 p 4.3 p (1.5)p 21.7p
Net cash inflow £34.4 m £26.2 m £34.4 m £26.2 m
NAV per share £1.01 £1.02
Underlying operating margin 14.3% 14.4%
*Includes a £21.6 million net loss in respect of interest rate swap movements, a partial reversal of the £109.2 million net gain reported in FY2022, and
£31.2 million of charges in respect of the impairment of freehold and leasehold properties.