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Marstons

March 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Marstons’ update for the 16 weeks to 23 January was ahead of analysts’ expectations with like-for-like sales in its Destination & Premium division rising 3% (outperforming the benchmark Coffer Peach business tracker, which showed just 1% growth). Food sales rose 2.5% and wet sales 3.4%. Operating margins are “ahead of last year.”In Taverns, managed and franchise pub like-for-like sales grew 2.7% with the highest turnover franchise pub achieving over £30,000 / week in the two-week Christmas holiday period. Its plans to open at least 20 new pub restaurants and five lodges are on track with seven pub and three lodge openings expected in the first half. In its leased division (tenanted pubs ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Marstons

March 2016

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