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Marstons - Shares bounce back

June 2011

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.

Our suggestion to buy / average down at 94p in April looks well-timed with shares in Marstons rallying nicely to 110p. The gains came ahead of interim results, which confirmed its recovery is on track with pretax profit rising 5% to Â£29m. Eps rose almost 8% to 4.1p, while net debt held steady at Â£1.1bn.In its managed pubs, Marstons' focus on the â€œF-planâ€ - food, families, females and forty / fifty something's, drove a 3.6% rise in turnover to Â£182m and 3.9% gain in operating profit to Â£26.5m. An increase in sales of starters and desserts helped like-for-like food sales increased 4.7% and food now represents 41% divisional turnover. Current trends are also strong with like-for-like sales up 5.0% in the nine weeks to 14 May.< ...

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Marstons - Accelerating new build pub expansion (December 2013)

Marstons - Hot weather boosts demand (September 2013)

Marstons - Poor weather reduces first half profits (July 2013)

Marstons - Shares hit new high of 140p (March 2013)

Marstons - First dividend increase since 2008 (January 2013)

Marstons - Shares hit new high of 122p (November 2012)

Marstons - Shares break through key resistance level (September 2012)

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Marstons - Broker forecasts book value rise to 170p a share by 2015 (March 2012)

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Marstons - New build pubs success triggers share price break-out (January 2011)

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Marstons - Strategic changes to usher in stronger returns (August 2010)

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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 - Shares bounce back

June 2011

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