Member Info for Supercharger

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.

I was just saying and using an Airline as an example £1billion is not a lot of money where Aviation comes to mind. If a single wide bodied jet to a major airline is $100m Dollars plus each, and with the USD to GBP at 1.24 to 1, it does not take too many Aircraft or Cargo planes to make up the amount required to buy Southend Airport in its entirety. To buy an Airport that serves International flights where the runway was extended a few years ago is a bargain for a major operator to develop their own facility rather than at the over capacity major airports such as Heathrow and Gatwick. It is also ULEZ free! No wonder the RAF are looking and even have been using the Airport for the Red Arrows. Carlisle could also become a freeport later and so I am surprised the UK Govt have not been having a look! At this price worth holding some speculative shares to add risk to ones more stable portfolio -maybe even invest profits from other shares so that it costs nothing to invest and seek additional rewards for no outward expense. Worth a consideration too as the CGT allowances for next yr are reduced, so why not -reinvest profit here, and even if a loss is suffered it could offset against other gains! GLA.

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.