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)

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.

The first 7 weeks of the new financial year showed growth lets hope that continued, but on a pe of 8 and yld of 6.3% MARS does not look expensive.

Berenberg Hold 116.70 120.00 115.00 Retains

Just an ok trading update with no shocks, weather to blame for small LFL sales decline.

Shore Capital Buy 112.65 - - Reiterates

Liberum Capital Buy 112.65 140.00 140.00 Retains

Peel Hunt Buy 112.65 140.00 140.00

£1 for a pub chain. MARS.

75p or a Mars Bar. (unless your at an airport)

No recession but priced like one. One I use is always busy.

Waiting for an entry point.

£1 for a pub chain. MARS.

75p or a Mars Bar. (unless your at an airport)

No recession but priced like one. One I use is always busy.

Waiting for an entry point.

A big hit today.

I've been building a position here at 97.

I fail to see how the whole sector can be moving up and MARS is taking such a shagging. (well clearly the city don't like the gearing and cost pressure inflation and the valuation of their estate)

Dividend 7.8%

Trading statement on Monday, be interesting to see how the world cup and the warm weather has affected sales

Marstons website says the IMS is on Wednesday 25th

http://www.marstons.co.uk/investors/shareholders/calendar/