High debt masks Marstons value

Pubs operator and brewer Marston’s (LON: MARS) is reporting third quarter trading on 26 July. Revenues are growing faster than for the sector and net debt is being reduced. The share price is at a discount to net asset value (NAV) and there is substantial potential for the share price if further improvement in the results is achieved.  

Borrowings remain high but they can come down rapidly over the next few years. Reducing debt will help the share price to recover, but in the short-term...

You are unauthorized to view this page.

Latest News

More Articles Like This