Member Info for Supercharger

As we know Heineken have a partnership on beer production with Carlsberg and they have now have made headline news by re-opening up to 60 pubs they previously closed due to what they now say is due to increased demand for pubs.

As the Carlsberg Marston partnership produce certain beers in partnership with Heineken that could well benefit the brewery in the Uk particularly since the Carlsberg partnership with them since 2008.

In 2008 Carlsberg Group, together with Heineken, bought Scottish & Newcastle, the largest brewer in the UK, for £7.8bn ($15.3bn).

The Scottish and Newcastle brands such as San Miguel are now produced in the Uk by the Carlsberg Marston Partnership.

So again the Carlsberg Marston Brewing Company will benefit. This is good news.

I would suggest buying up Adnams. A family run and owned business that producers good beer and wine. Like the Marston offering I also like the Adnam's Ghost Ship low alcohol beer. Infact me I would rather they had Adnams than Green King. ATB.

Marston did not have any interest before in the Carlsberg Brewery but they do now hold 40% as part part of the JV.

On their Website we can now see they are operating out of the Old Marston Brewery at Burton On Trent, What they call the old Bank's brewery at Wolverhampton, and the Carlsberg Brewery at Northampton. To me this makes the JV worthwhile, as the trend has been towards younger people drinking Lager. So we have a traditional Lager Brewer and a British Beer maker together in a JV. I am happy with this.

Yes if one looks on the link provided the JV now has over 7 pages of beers. Some of the names even surprised me, but most are available in the Supermarkets, as well as the pubs & off licenses, which explains why the contribution is growing fast into profits even for the 40% share Marston own. So they may only own 40% of the JV but the combined JV is now far larger than when had 100% of their own beers. So in the end it's looking like it is paying off! GLA

The Marston Carlsberg have a Joint Venture Web site and they clearly state what their beers are. In fact they are an ever expanding variety and Carlsberg own are included on the web site worth a look. Maybe soon to be joined by Green King but perhaps but they do not need them :-

www.carlsbergmarstons.co.uk/our-beers/

Agreed suspect the Carlsberg Marston brewery as opposed to the Marston Pub side (that everyone is suspecting) will be the ones interested if any.

Good beer like Marston too.

Economy of scale will further benefit and expand the Carlsberg Brewery Partnership which is proving very successful! GLA. If not there is less competition for Marston -another positive thought. GLA.

Took a whole but Hotter weather here at last. Enjoy one of the new Fresh Beers!

Its good to seen that the brewery are moving towards new fresh beers that their surveys have no doubt found more attractive to the audience they now serve. If Camra were so concerned then they should have visited the pub more often. Use it or lose it!

Fortunately Marston pubs have been finding greater margins on their foods of late, and the brewery is taking care of beers where the retain 40% of the Joint venture partnership with Carlsberg that is expanding. Hopefully very soon we will see what the brewery sales will be which take into account home sales which may have increased with less sun outside, perhaps enough to see why JP bought 347,886 share for £99,495.40 for those who can see the significance of the timing being just within his window of opportunity under LSE rules.

Not long to go to Marstons results, perhaps they are learning too how to re-invest their sales proceeds. Perhaps start paying a small divi to shareholders so that we can share in the growth and to encourage fund managers who are looking for income and pension fund investments.

Are you saying that Horizon was correct and people were taking cash out of the system and hiding it in their Cupboards?

If so I would be very careful with who you hand your new found "old" cash to as you might end up on the telly being questioned?

ATB.

FT - You are the clanger mate!

Might be worth coming clean with your bank notes found in the cupboard (you did not find stockings and a gun too mate did you -only joking ). Not sure how much you have found but if not too much it might be better just to hold them as non legal tender or play monopoly with them. I always thought a post office could change up old notes? Unfortunately with your £200 for passing go, you will not get free Marston discount vouchers. GLA

Hopefully we will be asking for the printing of new pound notes when the results come in. haha.

Interesting that the CEO spent £100,000 on new shares within his allowable window though -before the results. Maybe he is the one to ask as he sees this as a good investment!

Results soon. Looks like they may already be at the printers?

Many on here may have been confused and looking at another share by their recent comments of living in hope for a fall?

Looks to me like this share is coming back today -perhaps in anticipation of results currently up 4.39% on the day. Does someone know something?

Macq -thanks for the heads up on the new Chairman I thought (per the Comp web we had this?)

Justin Platt

Chief Executive Officer

Justin was appointed to the Board with effect from 10 January 2024.

He has over 30 years’ experience in hospitality and consumer-facing businesses, having spent the last 12 years at Merlin Entertainments most recently as Chief Strategy Officer and prior to that, in a variety of operational leadership roles.

Justin’s combination of operational and strategic experience in multi-site leisure businesses equips him to lead Marston’s through the next phase of its development.

However watch out for Dad and son who are stuck in the Temple of Doom! Wicked beer there to be honest!

Should tell us how at home sales went from the Brewery, particularly last Christmas sales which should be up and ready.

Also it would be good to see how the head hunting is going to replace the departing chairman. Perhaps the tie up with Carlsberg will become a closer one? Not long to wait for inhouse news or from the Board as to see if we have any other interested parties who feel that can take the Company further forward.

Marston Equity value is far more than its debt and they have been reducing their debt with sales profits increasing. The chairman made an inference to the fact that they could increase prices if they wanted to, as the sort of punter now visiting is buying the more expensive beers/wines, etc. even though they are a pub business.

He also made reference to the fact if other Pub groups fail then there will be less competition in the sector.

I see the key here is the Sales figures and we should get updated figures soon in May, where I am expecting the Brewery to also contribute and we might actually see their latest including Christmas sales from retail outlets (which I have not yet seen). GLA

I do not feel Debenhams and did not feel they were ahead of the game. Marston have been installing 100's of Vehicle electrical charging points in their car parks, and have been doing this for a while. I spoke to one of the contractors who have been installing them the other day, and he said he has been installing 100's for Marston's and he also said what a great Company this was too, and he felt each establishment was well run. They are hardly going to fold with what he has seen- his words not mine! We will have an update very soon and no doubt will be more positive based on the fact the new CEO has been buying a large number of shares. Sometimes one has to be patient, warmer weather here soon too.

Seems most shares on the FTSE are down today being the last day trading of the tax year and any losses here can be offset against other gains, if required. Expect us to come back very soon, and there is going to be an announcement early May which could provide more than just a trading update which will be interesting!

I might buy some more later today too, as the share price being down does not match the sales figures which are up year on year since 2020. Any debt that some of worried about can be re-negotiated or hedged off when the rates start coming down which won't be long. GLA.

Issued before the Christmas and Year sales rises. Statement said in precis :-

Total sales for the 52 weeks were up 11.30%. Up another 10.10% on 2022. Food and Drink sales have been strong!

They successfully trialled a Franchise model in 19 of food led managed pubs to compliment the 714 wet-led pubs with sales growth significantly exceeding that of the broader food business. They were on track to target 50 food led franchised pubs in 2024.

They have fixed energy costs with a significant proportion of their food and drink costs for the year. Net borrowings (excluding IFRS 16 commitments) were £1.185m, £31 below last yr and £19m lower than H1. £55M from disposals had been generated together with another £50 expected in 2024. They said they continue to make good progress to reduce group borrowings to below £1b, and as I have said they intend to work on exceeding this on Sales. GLA.

This recently voted Pub Chain of the year has increased its retained Equity from £200m in 2020yr to over £600m in 2023.

For the same period in question Turnover has increased from £515m in 2020yr to over £872m in 2023.

The Company are now using profits to bring down debt. On 23rd Jan this year 2024 Justin Platt said :-

Justin Platt, CEO of Marston’s, commented:

“I am pleased to report a strong trading performance with like-for-likes up 8.4% over the festive period.

It has been an encouraging start to the year. This, together with an improving outlook in which

inflationary headwinds are broadly abating, and the actions we are taking to operate more efficiently

and rebuild margins, position Marston’s well for the year ahead.”