I bought into these in December last year, primarily for the yield, but also for the potential growth of one of the better companies in their sector.


Company Website

Financial Calendar

Recent Broker notes

BarChart Indicators

Recent Market news

Marston's Fundamentals (MARS)

Placing rather than Rights Issue, I'd like to see the debt coming down, however the acquisition looks to be at a reasonable cost and the divi continues to rise on the back of increasing EPS. All in all quite happy to continue to hold, depending on where the sp drops in relation to the placing it may be wise to add some more.

Results of Placing

Marston's is pleased to announce the successful completion of the placing announced today (the "Placing").

A total of 57,600,995 new ordinary shares of 7.375 pence each (the "Placing Shares") have been placed by J.P. Morgan Securities PLC, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") and Numis Securities Limited ("Numis") at a price of 137.0 pence per Placing Share (the "Placing Price"), raising proceeds of approximately £78.9 million (before expenses). The Placing Shares being issued represent approximately 9.9% of the issued ordinary share capital of the Company (excluding treasury shares) prior to the Placing.

The Placing Price represents a discount of 4.9 per cent. to the closing price on 17 May 2017 and a discount of 3.1 per cent. to the intra-day price at 9.31 a.m. (being the time the Placing Price was agreed). The net placing price of approximately 131.7 pence per Placing Share to be received by the Company after expenses directly attributable to the Placing represents a discount of approximately 6.8 per cent. to that intra-day price.

more.....

Looking very oversold.

Brewing? A variety of Hops are grown in the uk do Youngs use "them" or are they imported?

If imported how does the weak pound effect the bottom line I wonder...just musing.

Also all the other Breweries Marstons have takenover in previous years..probably more questions then answers there but just thinking allowed.

sp trading around 10%ish below the recent placing

Yes they are certainly out of favour!

Near 6% yield at this sp. Will have to encourage T to take his pals around their pubs to do some research

Not seen these levels for the best part of 5 years, GNK also weak, possibly due to uncertainty in consumer spending. GNK figures seemed ok though

Not another one like CLLN.

JDW figures looked ok earlier - the price rose but is now down 1.4%.

GNK also toying with multi year lows.

Yet consumer spending on eating out is buoyant

The old adage of trade what you see.

Trading statement due 26 July, fingers crossed the market has got it wrong.

Peel Hunt Add 117.20 160.00 140.00 Reiterates

Trading Update

Trading

In Destination and Premium, like-for-like sales for the 42 week period were 1.3% ahead of last year. In the most recent 12 weeks of the period, like-for-like sales were up 0.6% which continues to be ahead of the market. As we previously guided, operating margins are slightly below last year in line with our expectations. With regard to the cost outlook for 2018 our guidance remains unchanged from that provided at our Interim results in May.

We remain on track to meet our growth targets for 23 new pub-restaurants and bars in the current financial year in addition to eight lodges.

In Taverns, like-for-like sales for the 42 week period were 1.9% ahead of last year, with growth of 2.4% in the last 12 weeks of the period, principally reflecting the benefits of the warm weather in June.

In Leased, profits for the 42 week period are estimated to be 2% ahead of last year.

In Brewing, own-brewed beer volumes were up around 4% compared to last year reflecting the continued good performance of our underlying business and the benefits of the acquisition of Charles Wells Brewing and Beer Business. The integration of the business is proceeding as planned.

Commenting, Ralph Findlay, Chief Executive Officer, said:

"We remain encouraged by our continued market outperformance and focused on delivering sustainable growth and maximising return on capital in an evolving market place.

"Our transformed pub estate continues to deliver positive like for like growth across all three divisions. We benefit from an operating structure which spans food-led destination and wet-let community pubs, accommodation and brewing, maintaining a good balance within our brand portfolio and broad consumer appeal.

"The Charles Wells brewing and beer business is bedding in well, further underpinning our leadership in the UK ale market. We are on track to complete our new-build and lodge expansion plans. We remain confident of delivering further profitable progress for the full financial year."

Forthcoming Events
Please find below the forthcoming reporting dates for the Group, which are also available on the investor calendar on our website - www.marstons.co.uk/investors


Year-end trading statement
10 October 2017
2017 Preliminary results
30 November 2017
2018 Interim results
16 May 2018
2018 Preliminary results
29 November 2018

Numis Add 116.60 145.00 145.00 Reiterates

Peel Hunt Add 117.55 140.00 140.00 Reiterates

Shore Capital Buy 117.55 - - Reiterates

Another one! Good news and the share goes down like DOM. WHY???

It's a job to fathom it out at times, MARS decent news as you say parrisf and sp down 4%, ITV profits down sp up 2.5%.

Liberum Capital Buy 117.70 140.00 140.00 Reiterates

Canaccord - Hold target price reduced from 145p to 130p

Taken another hit today due to read across of GNK, trading update expected 10/10/17.