Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Perhaps now is the time for the Management to advise where the sale proceeds have actually gone from the bio mass £100 sale? To make it all clear to shareholders. Are we going to get any actual benefit apart from their own pension scheme?
Also it would be good to see how the expansion is going with the routes promised for 2024 which is now what we have to look forward to, and we understand why the post was given to the exec who came into us after serving Birmingham International Airport. Easyjet could easily (excuse the pun) mop up the purchase if they wanted to. USD1B is worth what would that be the equivalent of say 10 large body aircraft? Easy!
I do not know how much Southend Airport is worth as an airport, but if Tottenham Hotspurs ground cost £2billion to build then why not £1billion for a going International Airport? Or if not out it could be prime building land and lets face it Airports do carry a large area of land.
I'm sticking in here as I have a sneaky feeling there Southend might be worth far more than people imagine but then I am not an Airport Estate agent.
Obviously very volatile at this price now, so could go up in high percentages as well as down. GLA
Agreed very cheap!
So we have most Stock Brokers and Analysts now saying Buy. The Company accountants suggest the NPV for this share is worth over £1 with prop values in excess of 2 billion twice that of debt and the share is currently on the market for 29.75p, a bargain. The shorters will want this even cheaper hence negativity. Do not sell your shares and this share will recover very quickly. Christmas is already booking up on last year. Just read the official releases and ignore anything else. IMHO, DYOR, GLA.
I see this share as another buying opportunity going forward where the NPV per share is over a pound from qualified accountants and auditors where the chairman has said we will expect a re-rating on property values in the new year.
If the Company is expecting growth and is producing large amounts of free cash from now through 2014 then we cannot expect the values to suffer. A great opportunity in my opinion.
Looking forward to the end of 2013 where Marston refers to a Christmas bookings uptake, and growth into 2014. With "back to a billion for sales" being what the Chairman is aiming for, where free cash is being produced and debt is reduced by sales or non core assets, where values are being found in excess of the previous share NPV. The accountants have valued the share NPV at just over a pound from being previously below.
Broker Recommendations for Marstons (MARS)
Date Broker Recommendation Old Target New Target Rating Type
11-Oct-23 Shore Capital Buy - - Reiteration
23-May-23 JP Morgan Cazenove Neutral - 54.00 Reiteration
16-May-23 Shore Capital Buy - - Reiteration
16-May-23 Peel Hunt Limited Buy - 75.00 Reiteration
24-Jan-23 Shore Capital Buy - - Reiteration
07-Dec-22 Deutsche Hold 44.40 44.40 Reiteration
29-Nov-22 Shore Capital Buy - - Reiteration
02-Nov-22 Shore Capital Buy - - Reiteration
27-Oct-22 Deutsche Hold 50.00 44.40 Reiteration
12-Oct-22 JP Morgan Cazenove Neutral 59.00 54.00 Reiteration
11-Oct-22 Shore Capital Buy - - Reiteration
28-Jul-22 Deutsche Hold 60.00 50.00 Reiteration
27-Jul-22 Shore Capital Buy - - Reiteration
25-May-22 Deutsche Hold 65.00 60.00 Upgrade
18-May-22 Shore Capital Buy - - Reiteration
11-May-22 Deutsche Sell - 65.00 Reiteration
03-May-22 Deutsche Sell - 65.00 New Coverage
12-Apr-22 Peel Hunt Limited Buy - 120.00 Reiteration
25-Jan-22 Shore Capital Buy - - Reiteration
19-Jan-22 Peel Hunt Limited Buy - 120.00 Reiteration
17-Jan-22 Berenberg Bank Buy 120.00 120.00 Reiteration
11-Jan-22 Shore Capital Buy - - Reiteration
05-Jan-22 Berenberg Bank Buy 140.00 120.00 Reiteration
30-Nov-21 Shore Capital Buy - - Reiteration
30-Nov-21 Peel Hunt Limited Buy - 120.00 Reiteration
30-Nov-21 Liberum Capital Hold - 90.00 Reiteration
03-Nov-21 Liberum Capital Hold 100.00 90.00 Reiteration
14-Oct-21 JP Morgan Cazenove Neutral 95.00 85.00 Reiteration
13-Oct-21 Shore Capital Buy - - Reiteration
13-Oct-21 Liberum Capital Hold - 100.00 Reiteration
29-Jul-21 Liberum Capital Hold - 100.00 Reiteration
28-Jul-21 Shore Capital Buy - - Reiteration
23-Jul-21 Peel Hunt Limited Buy - 125.00 Reiteration
06-Jul-21 Peel Hunt Limited Buy - 125.00 Reiteration
06-Jul-21 Numis Add - 9,600.00 Reiteration
22-Jun-21 Shore Capital Buy - - Reiteration
20-May-21 Liberum Capital Hold - 100.00 Reiteration
19-May-21 Shore Capital Buy - - Reiteration
19-May-21 RBC Capital Markets Sector Perform - 105.00 Reiteration
19-May-21 Peel Hunt Limited Buy - 125.00 Reiteration
12-May-21 Liberum Capital Hold - 90.00 Reiteration
07-Apr-21 Liberum Capital Hold - 90.00 Reiteration
01-Feb-21 Shore Capital Under Review - - Reiteration
08-Jan-21 Shore Capital Under Review - - Reiteration
09-Jun-20 Peel Hunt Limited Buy - 95.00 Reiteration
18-May-20 Berenberg Bank Hold - 50.00 New Coverage
27-Jan-20 JP Morgan Cazenove Neutral 132.00 128.00 Reiteration
27-Jan-20 Citigroup Sell - 80.00 Reiteration
24-Jan-20 Shore Capital Buy - - Reiteration
10-Jan-20 RBC Capital Markets Sector Perform 120.00 130.00 Downgrade
Which is why Hargreaves said mentioned today "The evolution of the company's pub portfolio was marked by market outperformance, with its predominantly freehold pub estate and limited exposure to city centres continuing to benefit from consumer lifestyle changes"
So not so sure they agree with you Mr Wolf!
The business reported revenue increased 9.1% to £872.3m (2022: £799.6m) during the period, with total retail sales in the group’s managed and franchised pubs for the 52-week period up 9.8% on last year, and like-for-like retail sales for the year as a whole were up 10.1% versus FY2022. Underlying operating profit excluding income from associates was £124.8m (2022: £115.4m). NPV now over a £1 a share. Must be a venture cap.opportunity here soon! Note Prop value well of £2billion despite disposals and re-value in the new year where disposals are greater than book values.
Yes U/c Cop LSE have informed me for your 5th (all being well) which is for you in the Uk tomorrow-sorry for the Confusion.
I am looking forward to Mondays results and will to seeing how much the new management have contributed to a brighter outlook. Not sure if they will mentioned any merger or prospective takeover speculation at this stage, but the share price is in line with a likely approach. All of the official releases are now feeding the market with more positive news and growth for 2014. My own Brokers have moved this share from neutral to strong buy so hopefully many others will soon too. Christmas is coming too and as reported on National News this is the second most important period for Pubs. GLA.
Should be good for the future growth potential. Thought would mention after hours-no help required great day all round in the markets.
Unfair now needs to actually see where the Establishments are located (which clearly he doesn't), and then fails to realise I was not even talking about them I was talking about the London Market stock brokers and analysts who have raised their expectancy on this share. I do not know one who currently holds his share as a share recommendation. He/she obviously knows more than the London Financial market.
QmqRubbish comments again from an unfair untrader -who does not take in any positivity unless he invest in the Company for a few days. His moto is to pull the company down and then come in and bounce positive tones to push the price back up a few pence to then sell. My broker as well as most others when asked do not now even enter Marston as a sale on their own comments. It appears this is a trader who appears to have no contact with the London market at all. Christmas will bring increased sales, then we have the new year, both the Inhouse and retail outlets will start the new year with positive growth, lower inflation, lower rates, with tremendous opportunities for those who have invested this is not a time for selling shares in Marston. He is certainly not having my shares but does need to buy some to even be taken seriously with some comment.
What a load of rubbish from unfairtrader yet again. Mr Bailey doesn't somehow want the Pound to stay up against foreign currencies to reduce inflation does he? I think you are confused and have had too many Baileys yourself to be honest. Yet again not reading the official posts, just picking out where you feel you can be negative. The Company have already said 2014 is a growth year and we are very much looking forward to a new direction with new management and the new contracts in place and a move to increase franchise establishments. You criticise the old Management and the new before they have even got their feet under the table does not surprise anyone.
For the London Market they follow Powell more than Bailey - lets be honest and the "US" inflation rate is not far off the 2% target rate now. Hows Bailey doing? Never mind maybe he acted too slow to begin with.
MAB -announced increased costs vs Mars who have hedged and maintained their own costs? Or to supply where we have in house drinks on call. Now we also have ECO of scale with Stonebridge to Mars benefit it seems too! Inflation far less today in the Euro, everyone is now asking when will they drop rates? See cheaper rates coming here soon too? Shame market marked us down on MAB, and increased fuel costs on OPEC cuts (which won't affect a fleet of battery powered new lorries at Mars perhaps), and we should have been looking ahead to cheaper rates, growth sectors and beneficiaries of comps with loans that can/will be renegotiated on even better terms? Never mind!
One should always look at the investors. i.e. Toscafund Asset Mgt 27.80
Strategic Value Partners 8.97
Harwood Capital 7.98
Mr Richard I Griffiths 7.17
JPMorgan Securities 6.02
Cyrus Capital Partners 5.24
Hargreaves Lansdown Asset Mgt 4.53
Lombard Odier Asset Mgmt 3.60
Schroder Investment Mgt 3.30
Polygon Investment Partners 3.24
Maybe those on here know more than all of them collectively together. Or they have at idea on the value now and future value of the Airport at Southend. I hadn't realised they still owned Carlisle either although I know they were at one time wanting a freeport there to serve Ireland and Scotland. GLA
Pro-active investors have recently commented on how this Company is worth looking at compared to its peers.
Peel Hunt have also upgraded this share. As have my own broker who is the biggest bank in the Uk and one of the biggest in the World. They have moved their pointer towards buy or strong buy which means the majority of their brokers see this as a buy. We have time on our side as we move into 2024 I agree but this Company is coming back and a great option to add to the portfolio.
Statements from the Board and the press point to 2014 becoming an even better growth year and the company is now producing profits big enough to reduce debt and is working to increase annual sales to be over £1 Billion. (i.e over net debt.)
The brewery I agree has become even more of a success with its recent signing with the operator of the largest number of Wine bar /Pub outlets in the Uk.
I see the pub side merging with Stonebridge who no doubt would like to get back some of the profits made from the brewery as Marston will, and the Brewery extending contractual agreements with other outlets. In fact a lot to look forward to. One has to read the Company statements which are made approved by their in house legal counsel for being truthful statements, which is why some are possibly played down.
Rather than look to everything being negative some will look for opportunities as Results said they are talking to a number of major airlines about expansion and new routes for next year. Erh why would the Exec from Birmingham International airport whose expertise is for new routes join the firm then if a complete loss?
Worth holding a few of these shares to provide some speculation i.e. if one wants to accumulate and balance a portfolio. Every share carries risk. Without any risk one does not earn - if one carries a loss this can be offset against gains. This year we do not want too many gains based on the changing CGT thresholds. Everyone to their own.