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)

Result of AGM.

An ok trading update and the sooner the debt levels are reduced the better, if £80m/£90m can be achieved through property sales then the balance does not look too onerous. Having debt twice their market cap doesn't seem right even if they have an estate of freehold properties.

• Fuller, Smith & Turner is to sell its beer business to Asahi.
• The company says it has ‘entered into an agreement for the sale of its entire beer business to Asahi Europe Ltd…for an enterprise value of £250 million on a debt free, cash free basis.’

FSTA up 21% and would appear to suggest MARS deserves a re-rating.