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Well we know Rishi does not drink Alcohol but also Beer Korma probably does. Looking forward to seeing him in a local Marstons pub near you! GLA.

To be honest thought Labour voters also liked a pint especially in the midlands, Yorkshire Dales, and Welsh old mining community areas where Marston is based.

Maybe therefore as Marstons are community based rather than town based the Conservative wine bars in towns may take more of a hit? Shame the short term small investment day traders are selling but it gives us longer term investors an opportunity to pick some more up at a great price. Everyone to their own. ATB , GLA.

Maybe Rishi is already aware rates are coming down this will help everyone!? BOE have let out the signals for this too?

Like an old tin of Quality streets -made for sharing. Just like Mitchells and Butlers sales and Stonebridge's too where the Marston brewery has 10 year supply contracts in place. Looks like sales are growing and loan rates are reducing!

Yes Marston brewery have a 10 year contract with Stonegate Group it is good that "Mitchells and Butlers" have have announced excellent results for the sector, especially considering the relationship Stonegate have with them who have acquired over 333 of their Pubs notified since 2010. T

Mine (the largest in Europe) has just done this and the market broker ticker/arrow has been moved from mid range to strong buy. Only one of the brokers asked said sell, all the rest have said buy or a larger proportion strong buy. One was neutral. Glad they have now come around to my thinking and this will be a good year for Marston as they come back.

In fact they are playing down their results as they could have re-invested their new found profits at a higher interest rate that the loan rate they pay, and earned a higher margin from bank interest which is above their loans rate commitments, and waited until loan rates are lower to pay them off at a faster and lower rate. However they have been sensible and are using excess profits above their commitments to reduce the total loans now, which is sensible in the longer term as they now have surplus profits to do so, and will pay less tax on profits which are reducing loans. Clever Hobgoblins aren't they! The fact that the loan rate is a lot less than what most pay also shows the faith the lenders have in them! GLA.

3 Aircraft to be based mow and Easyjet holidays to be offered 7 days a week. I think that will help the Pubs as well!

I wonder if that might make other airlines such as Ryan Air or other airlines help deal with the over capacity at the Uk's other airports soon to go on strike no doubt for the summer season!

Might start helping the administrators with their sums? I have not yet given up hope for a return post administration.

Price could rise and be re-rated for future earnings at this rate:-

Justin Platt, CEO said:

"A positive H1, Marston's has delivered strong like-for-like sales growth of +7.3% outperforming the market and achieving an impressive 22% uplift in pub operating profit. We have managed costs well and made further progress to reduce debt. This performance is testament to the dedication and hard work of our talented team, who constantly strive to delight our pub-loving guests."

"The outlook for H2 is encouraging. With a number of 'must not miss' major sporting events, our massively upgraded pub gardens and much-loved food menus, we expect our pubs to be very popular this summer."

Hexam you may need to see the presentation on the "official Marstons web". i.e. H1 2024 vrs H1 2023

Revenue £428m £407m +5.2% growth

Pub operating profit £53m £43m +22.3% pub profit growth

Pub operating profit margin 12.3% 10.6% +170bps

Net finance costs £(53)m £(49)m

Income/(loss) from associates £(1)m £2m £13.8m dividend received

Loss before tax £(1)m £(4)m

Loss per share (0.1)p (0.5)p

NPV share value 91p. Still a bargain at this price of 31p with summer sales projected to be good and rate cuts coming!!

See link

www.marstonspubs.co.uk/docs/financials/2024/interim-results-presentation.pdf

Sales up, debt down and Loans more flexible will mean once the B.O.E Reduce (expected soon) Marston will benefit more than most.

H2 will be a even better for Sales (it always is) and lots of sporting event s coming soon too.

If they had not reduced debt or had the one off payments to Carlsberg for the Kronenberg re-branding fees, then they would have made double digit profits.

Could be far worse and Sales growth will continue throughout the summer if rates reduce this share will benefit big time.

Last chance to buy before tomorrow's results! Share price still cheap! New Chairman announcement -possibly? Suspect Supermarket sales from the Brewery Partnership to reach new highs, with further contracts negotiated in addition to the Stonebridge 10 year deal. Overall sales closer to £1 Billion, debt further reduced toward £1 Billion and Property values post pandemic increasing to be close or over £2 Billion? GLA. ps. If we get an indication of an approach to me that will be a bonus but not surprising considering the share price we are ripe for one!

Mind you, I hate to trouble all non shareholders but

www.pe-insights.com/news/

Have the article dated on the net for Friday regarding Take over at Marston too, which is when we had massive share buying. GLA.

As I say it looks as if it was re-issued - but we will see not long to see for sure.

Next week half year results, which might even include the Breweries Christmas sales at long last! Who knows!

GLA

Yes and "News Now" have also re-issued a note on 10th May that Platinum Equity advisors have made another approach to Marstons. So we may not have long to wait to see?

www.pe-insights.com/news/2024/05/10/platinum-equity-advisors-targets-marstons-pub-group-takeover/

Will be interesting to see if anything is added to the half year results to give the buyers something further to go on?

It cannot be just that they are bringing out another special Marmite (for Unilever) & the Euro's? haha.

The last one celebrated an Ashes win I understand?

Time will tell but if this has a surprise the share will fall back to £1 a share (the accountants valuation) very quickly.

We can live in hope, but at the moment the market is in a buoyant mood. GLA -enjoy the Sun with a pint!

Agreed 8.9 Million shares traded compared to the 2.2 Million 90 day daily Average. Which is either in expectation of improved results, or someone knows something already to encourage a lot of buying. Not long to wait and see.

However I suspect it is not all down to just the Sun coming out, but wonder if the Chairman was aware of something before his new job came along at British Land where in the event of a takeover he would not be required?

Who knows, but lets face it at this share price is is still just off bottom and still a long way off what the Accountants feel it is worth on paper. So It will be an interesting week next week I am sure. GLA who have stuck by this share especially if we can now see a long awaited move back up.

Now over 5 million share trades. Building momentum it seems. GLA.

Yes already over 4 Million of share transactions for the second day, and already over twice the 90 daily average by mid day.

Maybe the Daily Mail were correct a takeover offer is back in the offing, or someone has picked up on the Carlsberg Marston Northampton brewery figures highlighted on BBC news where they have been producing over 2 million pints per day.

Updated Sales figures next week too. Will be interesting if any approach is mentioned.

Over 4 million of share deals today tells me someones active, before we get any announcement next week (if any) with the half year results.

The Daily Mail and Sunday Mail in their defence do get it right on occasion however? So we only have a few days to find out, as we will have half year results soon too.

Certainly the share price is at an opportune target price, at an opportune time what with the Chairman off to British Land. Who also might lodge an offer for some or all of the pubs where the property Value is certainly well over that of debt?

I I wonder if "The Mail" has been tipped off, as if there has been an approach we will know very soon in a few days with the latest set of results. Although on paper the current share price does look very cheap.

I know that in 2021 there was a proposal regarding a potential cash offer by Platinum Equity Advisors. The strong USD suits an approach from the States I suppose too, as we have found with a number of other great companies lost from the LSE. We also know the new CEO has been buying a large number of shares recently too pre-results.