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Primary Recommendation

Marstons - Strategic changes to usher in stronger returns

August 2010

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.

  • Epic Code:
  • MARS
  • Price:
  • 99p
The combination of higher beer duties, increased red tape and a squeeze on consumers has meant that an astonishing 39 pubs are now closing every week. The industry as a whole has shrunk by 6,000 outlets to just 52,500 in the past five years. But for every door that closes another one always opens and the prize for the survivors will be significantly less competition and higher returns on investment in the long run. At The Momentum Investor, we have always favoured those pub operators with a high level of freehold asset backing, combined with experienced management and a strong track record and Marstons, which owns five breweries and nearly 2,200 pubs nationwide, fits the bill perfectly.Chief executive, Ralph Findlay, who we ...

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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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