Marston’s has delivered a strong set of interims, beating our PBT forecast by 5%. This translates into double digit EPS growth of 12%. There is further evidence solid LFL outperformance and a positive directional showing from a net- cashflow and BS leverage perspective. With two-third of profits generated in H2 we make no forecast changes at the juncture. Given fears in some quarters of downside risk to numbers going into these results we expect a positive share price reaction, thereby reversing ....
18 May 2016
PBT beat vs expectation and LFL outperformance
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PBT beat vs expectation and LFL outperformance
Marston's PLC (MARS:LON) | 27.1 -0.1 (-1.8%) | Mkt Cap: 171.7m
- Published:
18 May 2016 -
Author:
Sahill Shan -
Pages:
4
Marston’s has delivered a strong set of interims, beating our PBT forecast by 5%. This translates into double digit EPS growth of 12%. There is further evidence solid LFL outperformance and a positive directional showing from a net- cashflow and BS leverage perspective. With two-third of profits generated in H2 we make no forecast changes at the juncture. Given fears in some quarters of downside risk to numbers going into these results we expect a positive share price reaction, thereby reversing ....