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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Marstons

December 2023

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:
  • 31.5p
Despite the share price weakness, pubs operator Marstons has enjoyed broker upgrades following its latest update. Managed and franchised like-for-like sales rose 10.1% in 2023, an improvement from the 6% growth rate in the first half. Encouragingly, sales growth accelerated to 12% in the last five weeks of the period. Much of the improvement reflects increasing levels of travel and customers accepting price rises in March and April, while management highlights the resilience of the community pubs estate. With all energy costs and a significant proportion of food and drink costs fixed for 2024, Marstons now targets improving margins by at least 200 basis points (bps)  over the next 2-3 years. Around 50 bps will come from a recent £ ...

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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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