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.


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Marston's Fundamentals (MARS)

A flying visit last Wed lunchtime on behalf of shareholders at the https://www.fishermanscotpub.co.uk/ found a surprisingly busy lunchtime for this out of the way pub with many people tucking into food.

Looks good Stan - I've had my shareholder card for 6 years and still not managed to use it!

A disgraceful breach of benefit Skinny...you must dispatch said card to me immediately so I may argue a further discount on my bill next time 😄

Tiverton---that's a long way down for you Stan, btw I hope you had an expensive meal.

Always worth a look - Shareholder benefits, discounts and perks

Crumbs! thanks for that list Skinny I had no idear there were so many of them.

George, I do travel within my own Country...Unlike most narrow minded Tories.

The 20% discount went down very well thank you.

I don't know any narrow minded Tories Stan.

I'm glad you enjoyed your meal, I guess you would recommend a visit? I've never been there but if in the area may take a look.

Finals due 30th Nov.

I don't know any narrow minded Tories Stan. Pull the other one 😂

Rumours of a divi cut but they still seem a well run outfit to me.

Rumours? From where Stan?

Think it was in the IC George.

Thanks Stan

Finals tomorrow

Preliminary Results


- Profit growth in all trading segments
- Operating cash flow up 17% to £213.6 million, offset by initial working capital impact from Charles Wells Beer Business ("CWBB")
- Pro-forma leverage down 0.1x to 4.7x, fixed charge cover unchanged at 2.6x
- Return on capital of 10.7%, 94% freehold asset base, NAV 147p per share

· Improving quality of pub estate

- Average profit per pub up 2%
- 19 pubs and bars opened, 9 pubs and bars acquired
- Eight lodges opened, taking estate to over 1,250 rooms

· Market-leading beer business continues to demonstrate growth

- Acquisition of CWBB
- Strong brand portfolio continues to outperform market
- Further market share growth, with 21% share of premium packaged ale and 20% share of premium cask ale
- Supply chain expertise secures three significant distribution contracts with Punch B, Hawthorn Leisure and Brakspear, totalling c.1,700 pubs

· Final dividend up 0.1p to 4.8p per share; full year dividends up 2.7% to 7.5p per share. Dividend cover maintained at 1.9x.

· Well positioned for growth in 2018

- Like-for-like sales growth in pub estate in first seven weeks of period
- Target to open 15 pubs and bars and 6 lodges in the coming year including our largest 100+ room lodge to date in Ebbsfleet
- Integration of CWBB going well and synergies on track

Commenting, Ralph Findlay, CEO said:

"We have achieved strong revenue growth and higher earnings, despite increasing employment and property costs. Our business has been transformed in recent years with a significant improvement in the quality of both our pub and beer businesses. While political and economic uncertainty is likely to continue, we remain confident that our proposition founded on providing great customer experiences, the very best service and value for money, leaves Marston's positioned to deliver further growth in the year ahead."


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

AGM Trading update 23 January 2018
2018 Interim results 16 May 2018
2018 Preliminary results 21 November 2018


more.....

Peel Hunt Buy 117.25 130.00 130.00 Reiterates

Shore Capital Buy 117.25 - - Reiterates

Liberum Capital Buy 117.25 140.00 140.00 Reiterates

N+1 Singer Buy 116.95 - 120.00 Reiterates

Decent results and divi increased a smidgeon with good cover makes MARS a good stock for income as well as growth.

Numis Add 115.70 125.00 125.00 Reiterates

XD (4.8p) on Thursday

AGM on 23rd January.

Like GNK, MARS is trying to recover, unlike GNK, MARS had decent results

Lets see what the trading update brings.