Mitchells & Butlers (#MAB) – H1 return to adj. profit, notes recovery trajectory
- 2022-05-18 07:45:44
Hello Share Charmers. With so many pubs closing in the last few years, those that remain have a better chance of making good. One pub chain that has appeal is Mitchells & Butlers (MAB). Now that lockdowns are out of the way, there could be a coiled spring effect to bring the customers in.
A “First Quarter Trading Update” from restaurants and pubs company Mitchells & Butlers (MAB) includes that it currently has cash balances on hand of £125 million and that Chief Executive Phil Urban has “every confidence that we can emerge in a strong competitive position once the current restrictions on us are lifted”. So why a current 7% lower share price response, to around 220p?...