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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Marstons - Dirt cheap on yield of 6.7%

September 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.

  • Epic Code:
  • MARS
  • Price:
  • 87p
Against very tough comparatives last year, which included hot weather and the World Cup, Marstons achieved a creditable 2% rise in like-for-like sales in the ten weeks to 23 July, while for the 42-week period underlying sales growth was 2.9%. Operating margin also improved compared to last year. Ten new pub restaurants were completed while the performance of new builds continues to beat expectations. Meanwhile, in the tenanted pubs side, like-for-like profits grew 0.5% compared with last year thanks to the rollout of its franchise accredited retail agreement.The shares have been weak because of general fears of a slowdown in consumer spending but now look cheap on a prospective PE of 7.9 and yield of 6.7%. Buy. ...

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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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