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Better news interest rates on hold. Good points- Dulwich man! I know the area well, as was brought up not far from there. I see Marstons provide a very good map that can be used on their web site to find close pubs by post codes. You will be surprised how many they have.
Suppose nearest to Biggin is "Boundary on the Green" at Caterham and "White Hart" at Godstone, nr Sevenoaks! Or today Eight oaks after a planting error!!
Well to be honest I drive and only drink low alcohol beer nowadays, whereas I would not drive into London anyway. Too many years working there to be honest have taken their toll which might explain? Sorry!
Yep could be the reason for rising costs. However at least Marston have as a majority local community pubs -rather than in town wine bars where costs would be a lot higher, especially rates and in london which would be subject to the new ULEZ charges. Fortunately Marston have most in the Country (although any in Wales may take longer to arrive due to 20mph rules, ha.ha).
I would imagine Stonegate might be having to raise prices at high demand to meet staffing as well as costs for delivery especially as it appears demand for beer is strong. Marston may benefit from this if they are charging their whole sale customers more to supply but this will benefit the brewery. For their own establishments the Marston CEO said that surveys had indicated customers would pay more for premium beers (as once they were out they were willing to pay more for their enjoyment) but he also reminded shareholders Marston were based on a pub business model and so I suppose his point was they were local an not an uptown wine bar. For beers I understand the Rugby World up has been a success for them and we know from reading the releases they have close connections with sport sponsorship.
Current news is that with OIL prices soon to breach USD100 a barrel and alternative fuels such as renewable energy and bio mass are to become in demand as an alternative fuel on price. It looks therefore like the benefits of Bio Fuel are likely to increase demand which might be the reason for any Bio-Mass renewable fuel review making the Esken Company worth more.
Retty 1 -you could be right but one thing WB would ask for is to see if any Company can become more profitable and he would usually tell the market after his investment so the doomsters will never get the chance to get in before hand. He is not as stupid as them who feel they should broadcast the fact of an approach at the time. In fact any due diligence is usually under taken with a full confidentiality agreement. Time will tell if we have an approach but the Company is moving in the right direction and like you I can wait.
It seems the Company cannot ever please Baby doomster and not only refers to someone who left the Company ages ago and in the past refers to expenses and costs and the partnership intend to bring centrally beer production and he still complains.
If a review it may not necessarily be a bad thing? Why is that assumed? It might be a good thing leading to further incentives and tax breaks if an efficient use of redundant fuel or waste? The Uk is crying out for power and energy at the moment as you know and with no one wanting to take on for the govt windfarm management this review could be good?
Suppose on the basis sometimes takeover approaches can come in privately asking for the Company to slim itself down a little before a formal offer is made? It makes one wonder if this also could be a possibility (apart from just reducing costs) and if so we should hear more 14 days after the fiscal year closing at the end of this month where Marston have informed brokers of their intention to make a statement?
Sounds like they either wanted to re-negotiate the lease on better terms or save the lease expense based on trend, and longer term demand where (unfortunately) the young'uns prefer Lagers such as San Miguel, etc that the Marston / Carlsberg Partnership produce/ distribute -shame, but they are obviously looking at trying to boost profits on sales trends. The Americans did this with Cadbury and Heinz - except they moved production abroad for cheaper production costs. The accountants clearly are trying to make the company more profitable for owners -hope it pays off for us, despite the fact variety of ales is lost for oldies like me!
If the beers have sold out then even though I don't like to encourage shorts - we should direct them to our Gins and Tonics instead, ha.ha. However I see the CEO has said there are less of them now available too if one reads the Company updates. Apparently punters were taking so long to make their mind up regarding which one to have the Bar staff were getting upset at not being able to sell more beers to the traditional clients that were gasping for a pint! Rugby Sunday so maybe get some Japanese beer in too, or rather not as even my Japanese clients prefer our real ale!!
I have a feeling we should start charging more at peak times like our other companies do that it appears we supply anyway, such as the Slug and Lettice, and hopefully we can divert some more supplies to our own pubs instead of the third party wholesaler's.
Results soon will be expected to be very good in anticipation it seems. The LSE may have missed a treat here!! GLA.
Yes I did hear sales were up on last year which we already know were up on the year before that and were therefore past post pandemic sales. The last release stated they were aiming for £2Billion of sales within four year but that is now liking to be upgraded to less. They also said the Ladies world cup was a success for sales and we now have the Rugby World Cup to enjoy. The Football season is also now underway too and we have the men's European Cup. Lots to look forward to. The consolidation in saving costs also continues as they close/sell off loss making ventures but have economy of sale now with the Carlsberg Marston JV. which we can see is supplying a larger number of privately owned and wholesale ventures.
And Marston and Carlsberg also supply Matthew Clark. You need to check out the beers/ales that the CM Partnership supply and produce!
Interesting what you said that Marston supply Stonegate from their distribution centre, as they have in fact more outlets than even Marston with the press noting over 2,000 Slug and Lettice's , etc across the Country. Something to think about in addition to the 1,400 plus of Marston themselves which shows the Brewery should really be reaping in the sales at the moment. I wonder how many other Groups they serve!! Results should be very good when they arrive!
Hi Macq -only using this as a comparison - obviously we don't want them to fail. In fact if they have raised prices maybe Marston have needed to as well to those Companies outside of group who the supply which will be good for business. So it will actually benefit Marston as you say if they continue to do well.
Out of town expenses where Marston preach will also have easier loading unloading of the fine ales, as well as the cheaper costs!!
During peak hrs Stonegate are putting up the price of a pint by 20p. To combat The pub group that owns Slug & Lettuce and Yates's bars has said it will charge about 20p more per pint during peak hours due to cost increases.
Stonegate Group, the UK's biggest pub chain, says 800 of its 4,000 pubs will introduce "dynamic pricing" during evenings and weekends.
It said the price rise reflected the higher costs the company was facing, including extra security.
This will drive even more customers to Marston I am sure.
Unfair trader who prefers M&B (who produce less per share than Marston) also fails to realize that they will be paying substantially more costs for their businesses rates as they centre around towns, (whilst also charging more for their customers drinks where the also that they do not produce in house). Marston have supply from their own brewery and with the partnership have an extended source of beers, whilst being charged less on rates for being local pubs in many cases out of town. With train strikes on going we will see very soon from the latest figures how well Marston have been doing against their competitors. We have had a successful Ladies World cup, and now all enjoy the Rugby World Cup and European Football Qualification all on the large screens to be enjoyed. I can see some enthusiasm returning to this share now all brought on by unfair traders comments who no doubt is secretly working for our competitors.
Latest figures very soon for H2 however when comparing for the full fiscal yr end 30/9/22 the results are not what the doomsters would like to see. i.e. :-
Marston have an EBITDA of 299 M&B 256. Mars EBIT 255 M&B 123.
Whereas M&B might disclose an overall higher profit their expenses are also very high and on a reporting basis in fact they earn less per share than Marston. M&B on a reported basis they earn Fiscal yr end last yr 2.20 per share and Marston earned 21.40 per share.
So from a shareholder point of view it will be interesting to see if the Marston management want to re-introduce dividends on increased sales or continue to pay back debt. I would be asking M&B why based on their net earnings are their costs so high to erode their normalised profits but then as you said Karl their debts are also higher than Mars.
I think baby doomster is saying that Auditors are the ones to give credit to M&B etc,etc, and not Marstons. I cannot see they were responsible for a Pandemic do you? However they did write down values of our property whereas as a safeguard whereas M&B and others didn't. I suggest we will very soon have some far better results and our auditors can re-adjust the values back up and then the fund managers who are watching and building small stakes will buy in some more and once they do we will be back in the FTSE 350 and pension fund and tracker managers will too. We just have to wait but I certainly see a far greater recovery rate than with M&B -even if the doomsters prefer that share. They do not seem to want to contribute to the M&B board however so again they just want Mars to fall and so I rest my case as to why they have motivation to do so! I do not remember seeing one positive point regarding Mars from them and I have been on this discussion board as well as for many other Companies for many years! Perhaps they are M&B promoters or employees, well they certainly need them to make up for lost business during train strikes where most M&B premises are in towns?