| 12:24 21/05/2012 | Re: Interims |
| I am a fan. Glad to see a rise in the div and the sort of business plan that makes sense to me. Two points encourage me. First , in their presentations - available on the co website - they tell us that the average spend is a little over £6 per head. They identify that if they can just get this up by a small amount the turnover grows and hopefully the profit. Does not look too demanding. The second encouragement is that a number of investment trusts of the staid variety are tucking away MARS shares. This look s good for the longer term. By nncalc |
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| 16:47 19/05/2012 | From Times |
| Summary from IC: "In the Times, Tempus likes pub and brewing company Marston's , which is behind the Pitcher and Piano chain, but also has hundreds of tenanted pubs and makes Hobgoblin beer. Profits reported yesterday were up 14.7 per cent on the prior year after the first six months of the year, although like-for-like sales dropped in April because of the weather. Marston's strategy is to build new pubs as opposed to making purchases - it gets good returns from this and the stock is only at around 7.7 times 2012 forecast earnings, with a yield at 6 per cent. Not a bad shout although Tempus, perhaps mindful of Eurozone meltdown, is wary of consumer focused investments (Last IC rating: Buy, 17 May)." nk By nk1999 |
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| 12:30 17/05/2012 | Re: Interims |
| Great set of interims. A real shame that they have been announced during this current economic climate because if it was just a couple of month ago the share would probably go up to 120p. I think the last couple of results from Marston's have illustrated we are on a sound footing and starting to recover. Current buy for the dividend alone... MS By MarchingStag |
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| 8:43 17/05/2012 | Re: Interims |
| Agreed these look good figures. Interestingly though the profit figure after the negative exceptionals this year is exactly the same as the one before the positive exceptionals last year. One thing I find annoying - which many companies do - is when a big cost is taken as exceptional and so somewhat hidden, but the benefits are up front. Marstons have trumpeted the annual interest saving of £2-3 million from renegotiating their interest facility, but only when you reach the exceptionals line do you see the cost of £4.6m. Why not amortise that over the 8 years it relates to, it would only be just over £0.5m pa but would be a truer reflection of interest costs than just taking it as a one-off now and putting the benefit above the line. By Omaha man |
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| 8:00 17/05/2012 | Interims |
| FINANCIAL HIGHLIGHTS · Group revenue up 7.6% to £342.1 million (2011: £317.9 million). · Underlying profit before tax up 14.7% to £33.5 million (2011: £29.2 million). · Managed like-for-like (lfl) sales up 3.6%; underlying operating margins up 0.3%; operating profit up 6.8%. · Tenanted and Franchised operating profit up 3.1% with improving trend. · Brewing revenue up 6.6%; operating profit up 2.7%. · New swap arrangements reduce annual interest costs by £2-3 million to 2020. · Underlying earnings per share up 14.6% to 4.7 pence per share (2011: 4.1 pence per share). · Interim dividend up 5% to 2.2 pence per share (2011: 2.1 pence per share), with increase in dividend cover to 2.1x. By DevonianDracula |
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| 18:31 14/03/2012 | Peel Hunt |
| From ADVFN: "Peel Hunt has upgraded its rating for brewer and pubs group Marston's from hold to buy after like-for-like (LFL) sales growth surpassed expectations in the first half. "Marston's selection of high-returning investment projects is such that it should improve its market position. This strong Q2 result gives at least an indication that the value strategy is indeed generating outperformance," said analyst Paul Hickman. The broker has today raised its pre-tax profit and earnings per share forecasts by 2% for 2012 and upped its price target from 100p to 114p." nk By nk1999 |
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| 21:19 08/02/2012 | Div info |
| I get niggled that the Feb 2011 div is wrongly shown as 5.8p and not 3.7p in the fundamentals table. I worry it might put off buyers if they think the div has been cut when it was, of course, maintained. I sent a message to iii but never heard and nothing was done. Does anyone out there have influence?? By nncalc |
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| 17:14 07/02/2012 | Re: Just waiting for the dividend paymen... |
| yeah, they're pretty bad at it... I got in touch with them at the end of last year as a number of my dividends hadn't been automatically reinvested as I'd set them to be. They got back to say they'd had some 'issues' in November but the system would work in the future- I assume that means no ones dividends were reinvested for the month By overspong |
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| 14:30 07/02/2012 | Re: Just waiting for the dividend paymen... |
| Had it, spent it. There was quite a long discussion about late dividend payments from iii on the (BA.) BAE Systems board starting on 01-12-11 which as it stands at the moment is on page 3 and 4 of the discussion page. By The hard root is fine by me |
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| 8:52 07/02/2012 | Re: Just waiting for the dividend paymen... |
| Has everyone else received theres? My account is with iii and still no sign of it! By overspong |
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| 8:15 02/02/2012 | Re: Just waiting for the dividend payment... |
| t'was a heavy night indeed.... By MarchingStag |
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| 9:57 01/02/2012 | Just waiting for the dividend payment... |
| ..then off to the pub to pump the money back into the company - everyone is a winner! By MarchingStag |
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| 15:12 28/01/2012 | Proactive Investor Comments Today..... |
| January 28. at 1:49 pm http://bit.ly/zrtY48 By SpikeyDT |
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| 8:56 27/01/2012 | interim management statement |
| it seems fairly encouraging, like-for-like sales 5% up on the previous year and profits expected to be up 3%. This should see us back over the 100p level soon, imho. By gubu |
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| 8:33 27/01/2012 | Reports strong trading over Christmas period |
| Marston's reports strong trading over Christmas period January 27. at 9:21 am http://bit.ly/wC7Aeq By SpikeyDT |
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