The market does not fully appreciate the transformation of the brewer’s business
Thursday 06 Jun 2019 Author: Martin Gamble
The tough market backdrop may have blinded investors to the impressive re-positioning of pub and brewing firm Marston’s. Free cash flow is expected to rise from £47m in 2019 to more than £80m in 2022, according to broker Shore Capital, and this helps underpin a 7%-plus dividend yield. We see potential for the stock to perform strongly as the strengths of the business become more widely appreciated. HIDDEN GEM...