Coming into today’s YE update poor sector newsflow over the last 2 months had weighed negatively on the Marston’s share price. In this context a satisfactory update and pro-active steps in the form of cost savings next year should be welcomed by the market today. Whilst trading in the last 10 weeks has been more challenging, due partly to the wet weather, it’s not been a disaster for Marston’s. We do not expect consensus forecasts to change much today, but we are lowering our FY17 EPS by 3% and ....
10 Oct 2017
N+1 Singer - Marston's - YE update not as bad as feared & sensible moves to protect cash and profitability in FY18
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N+1 Singer - Marston's - YE update not as bad as feared & sensible moves to protect cash and profitability in FY18
Marston's PLC (MARS:LON) | 26.5 0 0.0% | Mkt Cap: 168.2m
- Published:
10 Oct 2017 -
Author:
Sahill Shan -
Pages:
4
Coming into today’s YE update poor sector newsflow over the last 2 months had weighed negatively on the Marston’s share price. In this context a satisfactory update and pro-active steps in the form of cost savings next year should be welcomed by the market today. Whilst trading in the last 10 weeks has been more challenging, due partly to the wet weather, it’s not been a disaster for Marston’s. We do not expect consensus forecasts to change much today, but we are lowering our FY17 EPS by 3% and ....