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Marstons

September 2014

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:
  • 141p
Pubs operator Marstons put out a solid update with all divisions enjoying growth even though the World Cup was broadly “neutral.†In Destination & Premium (which includes its managed pubs, new builds and premium brands such as Pitcher & Piano), like-for-like sales for the 41 weeks to 19 July rose 4.1% including food sales growth of 4.2% and “wet†sales growth of 3.5%. Operating margin is slightly ahead of last year, while it’s on track to open 27 new pubs. In its Taverns division, predominantly comprising tenanted pubs, like-for-like sales fell 3% while its leased business (mainly tenanted pubs) turnover was also 3% ahead. Although the shares have been becalmed, the sunny weather could provide a short-ter ...

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Marstons - Shares hit new high of 122p (November 2012)
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Marstons - Broker forecasts book value rise to 170p a share by 2015 (March 2012)
Marston's - Newbuilds ahead of target (February 2012)
Marstons - "Improvement in all divisions" (December 2011)
Marstons - Dirt cheap on yield of 6.7% (September 2011)
Marstons - Shares bounce back (June 2011)
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Marstons (March 2011)
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Marstons - Gentle recovery continues (November 2010)
Marstons (September 2010)
Marstons - Strategic changes to usher in stronger returns (August 2010)
Marston's (July 2010)
Marston's - Shares finally break upwards again (May 2010)
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Marstons (January 2010)
Marstons (December 2009)
Marstons (September 2009)
Marstons - Launches 11:10 rights issue (July 2009)
Marstons - Managed pub sales unexpectedly rise (May 2009)
Marstons - Slight improvement in trading (March 2009)
Marstons - Pubs operator attractive on PE of 6 and dividend yield of 10.9% (January 2009)
Marston's - Quality asset-backed pubs operator (April 2007)

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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