RE: Looks good.23 Jan 2019 19:54
HunSen. Yes the debt is quite the watering, no one can say it isn't. But it does seem to be well managed and under some level of control. Plenty of other companies are also up to their goolies in it, Premier Foods for example,- Robert Schofield, The then CEO took out a massive loan when he acquired RHM just over 10 years ago for example, but he had not done enough due diligence and landed the company with all sorts of problems. They've paid no dividends for at least that long.
Marston's seem to be managing things a lot better, dividends have for as long as I have been in remained stable, which suggests to me that they've pretty much for a handle on things. If that was not so, usually discretionary outgoings, such as dividends are normally one of the first things that gets the chop to save cash if needs be.
Just my observations of course, but that said I'm not overly worried.
I've not really seen anything to scare me too much.