A director at Marston`s Plc bought 62,177 shares at 40p and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
Marston’s interims showed steady trading performance, with LFL sales +10.7%, operating margin improved to 10.6% and a small net cash inflow. We expect further progress in H2 with the usual one third: two third weighting putting the company on track to meet our FY23E forecast for EBIT of £132m, which we leave unchanged. We do however increase interest costs to reflect the recent re-financing fees and securitisation step up next year. We expect the shares to be driven upwards by ongoing operationa...
Marston’s trading update is encouraging, with resilient performance and costs increasingly locked in. LFL sales growth of +4.5% in Q1 vs 2019/20 shows improved momentum and we leave our forecasts unchanged for now. The outlook statement is cautiously optimistic with Marston’s predominantly community-based pubs showing resilience. The stock is currently trading on a CY23E EV/EBITDA multiple of 9.9x but at c60% discount to NAV of 102p – which should rise as debt reduces and covid impairments rever...
MARSTON'S (GB), a company active in the Restaurants & Bars industry, improves its market behaviour and slightly increases its general evaluation. The independent financial analyst theScreener just upgraded the stock market behaviour as defensive. At a fundamental level, theScreener confirms 1 out of 4 possible stars; the general evaluation is slightly increased to Neutral but the title remains under pressure. As of the analysis date October 29, 2021, the closing price was GBp 79.50 and its targe...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Marston's plc 09-Feb-2021 / 14:59 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and shor...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Marston's plc 08-Feb-2021 / 14:48 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and shor...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Marston's plc 02-Feb-2021 / 15:07 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and shor...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Marston's plc 01-Feb-2021 / 15:42 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and shor...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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