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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?

I went into my Broker a/c today and looked up Coltrane and they now own 5% of the Company registered under their Master Fund and Long Term value fund.

I also researched and found they issued a statement in public domain to say they would short American Tech and look to buy investments in Europe that are slow to recover from the Pandemic - Where they see better value.

My own Broker mentioned Four of their Brokers have Marston as a suggested strong buy, with two being a simple buy, four brokers are neutral and one one suggests to sell. So we are at least moving in the right direction on past adjustments with a raised sentiment going forward. No shorts fund registered entry now for Marston on the Short tracker index. GLA. DYOR.

The senior member of the Doomsters returns from Holiday -haha! Those who want to discuss a comeback only need to review the Marston chart for the first week on January 2020 to discuss how this share will come back on re-valued property that is now making money. It was good of Fair trader to be generous enough with his statement that mentioned the values previously had been made reflecting on the market conditions at the time the pandemic had started and now we have a come back post pandemic. Negativity is going to be turned around to positivity.

Hopefully the strong warm weather we have had for September (which even doomsters have enjoyed) will also add to the H2 numbers due out very soon that is something we can discuss when they arrive!

Gold and Silver up today on raised sentiment and economic outlook. China latest figs look encouraging, and it is felt World Interest rates are peaking. (China is lowering theirs to boost production).

As Fresnillo has recently taken quite a big hit as many on here have said it should soon see a strong recovery in share price.

Good points Karl - I summarise and will add as Sales up to pre-pandemic levels and debts being reduced. Interest rates appear to be near peak where inflation is reducing and sales are up. When the commercial property values are revaluated we should recover to well over a £1 a share with a reversal of the fall in the first week of Jan 2020 when we have new sales figures.

We do not have long to wait now for an update on "summer H2 sales" which are at their highest number for Marston and then will still have later in the year the full results which will include the Brewery partnership and home sales. A lot to look forward to with this share. GLA.

What Unfair trader has highlighted is that in early 2020 when the values of the property took into account the pandemic looking at past property values for the past two years the share price within one week fell from £1.11 to 0.23p on falling sales and this shows the effect the Covid 19 had on the business. However as we can all see the reason for the fall we can now see the management have said not only are we back to pre-pandemic sales but when the property values are re-adjusted on values to reflect back the earnings we will recover to the correct amount with the NPV at 97p and likely to go back to the £1.11 level. This must be one of the best buys at the moment of the LSE. GLA.DYOR but look at the 2020 Jany chart. The doomsters here want everyone to sell so that they can came back at a lower price. They are mistaken.

No doubt as other outside factors were considered such as the start of the pandemic they were right to lower valuations based on "In FY19, management have undertaken an exercise to identify if there have been any impairment triggers or changes in value such as a change in market conditions " -perhaps now as the group as a whole has changing conditions to reflect better sales than before the pandemic the property values will be re-adjusted back to what they were. This will increase the Company NPV further which is why the Company is now basing shareholders benefit from increased sales. I see absolutely no error of judgement they were being cautious perhaps all of their competitors should have done this at the time as well? As usual bias towards negative sentiment when not required! GLA/DYOR.

Understand it is the spending that goes with the through traffic that would be the good earners like with BAA, suspect parking and the shops at the airport will be earners too. Just seen that Gatwick AND Heathrow have RAAC so I do not blame airlines for seeking alternatives, as far as I can see from the previous company releases the more the passengers the more value driven is the airport, and certainly the re-sale value would be greater with additional flights. The Jersey flight reintroduction is the one I am looking forward to and something that I know they have been working on. This was the most popular of all flights pre-pandemic. GLA.

You are right in that on this thread someone mentioned an American Hedge fund investor has invested with a disclosure and wonder if we had any shorts registered. I looked up on short tracker but the Company mentioned are now advertising the fact they are shorting American Tech which has risen fast this year and are now looking for opportunities of investing and buying into European Comps that had taken a hit during Covid - so you never know perhaps we will have a further disclosure soon? who knows. As ever keep-em peeled. per Shaw Taylor.

Karl -good points raised -but Don't forget to add on to the Marston value :-

The 40% SHARE THEY OWN IN THE CARLSBERG MARSTON BREWING COMPANY SERVIING HOW MANY 1000'S SUPERMARKETS AND ONLINE SUCH AS AMAZON do they have to serve, where profits and the number of beers is now increasing due to economies of scale savings and variety from the merger of the Breweries. Where there is the possibility to take up slack lost from Russian production to Europe.

HOW MANY MITCHELLS AND BUTLERS ARE IN TOWN (subject to rail strikes?) Whereas Marston are locals.

MARSTON HAVE SAID FRANCHISED ROLL OUTS WILL INCREASE AS VERY PROFITABLE!

LAST YEARS FULL YEAR FIGS WHEN I LOOKED SHOWED ME EARNINGS PER SHARE WERE GREATER WITH MARSTON.

Gla/dyor and as Shaw Taylor said watch out and keep'em peeled for the unfair trader and his dad children.

Nice little tick up today on warm weather Sentiment! interestingly Unfair trader comes here with negativity and rubbish statements of how the board went around conducting their own values which were wrong, when they employ professional qualified people to do it for them. How long would it take to go to Scotland and Wales and then to the whole of England to look at and value 1400 sites? Rubbish. Statements alter too where he has repeated said previously he is an investor as he likes his discount vouchers. I suggest an audit for those who don't hold shares and still have use of the vouchers. For the Company the values of the Estate have been proven to be conservatively valued where the Management have said that those sold recently for more than book value. So what do we feel will be the values for those that the Company wishes to keep that are far more profitable?

As unfair trader has his JCB out I am happy to answer my godfather left me some money (but no shares) but no doubt all of his shares would have been left to my Aunt (my God mother) and his two daughters. My own shares I have bought myself and have been adding to recently, building them up which I feel is very wise considering we have an NPV share value in late 90p's AND one thing my Godfather did say to me was what a great company this was. He was very true and upright a military man which is why I have been drawn to Marston, as well as some other great British Companies that I have respect for. I am only pumping this share as we need to see a balance to the negativity and incorrect statements. Anything I say can be found on the Company web site statements. GLA, DYOR but beware of Unfair traders statements which contain inaccurate accusations likely to upset the Management are surprising from someone who appeared previously to enjoy his discount free voucher- for being an investor-perhaps this needs looking into as would you want to be drinking with someone so negative. It would drive you to drink! Mind you he would help sales, ha.ha!

Hi No sweat - You are quite right - Mitchells & Butlers, Wetherspoons, Whitbread and Marston are all doing very well today -must be the hot weather! Which is what the BOD has already said helps sales.

Marston also have many advantages such as benefit of sales in Supermarkets from the Brewery JV, as well as being family locals, rather than those where one needs to get to by train in towns and so less affected by train strikes!

Its looks to me as if we have one or two unfair traders here in favour of Crooked pubs. One who always has a negative view they stay negative. This also depends in whether one actually hold shares in the Company or wishes to come back at a cheaper price. If the Company is that bad go elsewhere -why get pleasure from such negativity why not make suggestions if one is so clever! However for me one needs to read and analyse the actual words said from the Company itself.

The Company said it is hoping to increase its sales to over £2billion in four years. The Company is making money to reduce its debt. The Company also has enough to continue investing in its Premises with new popular garden rooms and outdoor areas being added and updated to further increase sales - which has been a success. It has also found franchise arrangements have been very successful and this will be further rolled out. The premises recently sold were all above the value on the Companies books. One unfair trader mentioned he had seen premises empty well if they were loss making that is why. Sometimes owners as well as Developers will seek planning permission with a change of use or will build properties which actually makes perfect business sense increase property values. I did the same thing with some property I inherited and built five houses. September temperatures have reached record highs and the last releases from the Company have said this helps sales in the Establishments, well lets not forget home sales whether from the establishments or down the supermarket! If the Company has over 1400 Venues why are we worried about 2 or 3 that are closed that would have been open it they were profit making. No doubt for the old Crooked house that was sold if it had been a real profit making pub it would have been retained. When one buys a house do they ask an accountant for a value or a qualified Surveyor who uses local charts and not national charts and is someone who looks at local prices recently sold and seeking by estate agents. Everyone believes what they want to but I believe the statements are statements of fact from the board, and if not the Board will be legally liable for misstatement -so I trust them! To me the Company is well run and coming back fast (four years or more is nothing for a Company with a long Pedigree) & well over 100yrs off good will.