Share Name Share Symbol Market Type Share ISIN Share Description
Glaxosmithkline LSE:GSK London Ordinary Share GB0009252882 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.50p -0.27% 1,643.00p 1,639.50p 1,640.00p 1,645.00p 1,626.00p 1,645.00p 9,359,160 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 23,923.0 10,526.0 174.3 9.4 80,092.84

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Glaxosmithkline (GSK) Discussions and Chat

Glaxosmithkline (GSK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
30/09/2016 17:06:371,640.7722360.97NT
30/09/2016 17:06:251,642.789147.85NT
30/09/2016 17:05:311,640.7818295.34NT
30/09/2016 17:05:301,642.717114.99NT
30/09/2016 17:01:251,642.353,56858,599.06NT
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Glaxosmithkline (GSK) Top Chat Posts

DateSubject
30/9/2016
09:20
Glaxosmithkline Daily Update: Glaxosmithkline is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker GSK. The last closing price for Glaxosmithkline was 1,647.50p.
Glaxosmithkline has a 4 week average price of 1,631.28p and a 12 week average price of 1,655.38p.
The 1 year high share price is 1,716p while the 1 year low share price is currently 1,261.50p.
There are currently 4,874,792,732 shares in issue and the average daily traded volume is 5,476,075 shares. The market capitalisation of Glaxosmithkline is £80,092,844,586.76.
28/8/2016
11:06
tradermichael: Reasons I reduced by 66%: 1. After the referendum, the (unrealistic) fall in the strength of Sterling against the USD resulted in a GSK price jump from 1400p to 1600p and beyond to 1700p. The price challenged 1700p three times and failed to hold. I don't see the 'Brexit' effect lasting much longer, such that the £'s value may steadily return, and GSK's price will steadily fall along with it. 2. The markets are looking overbought (especially in the US) and as autumn arrives, I am concerned that there could be a correction. 3. I held too many shares anyway (!) and felt that it was prudent to take profits. Notwithstanding, I'll be looking for a re-entry at a lower price.
24/6/2016
13:45
tradermichael: With the upward movement of the GSK share price this morning, I'm thinking we should have dumped the EU years ago ..... ;0)
03/12/2015
09:37
guernseymoney: Latest research I can get my hands on: >> Wednesday, November 11, 2015 >> GlaxoSmithKline CEO call take-aways: Pipeline productivity improving, Consumer guidance could be a conservative base camp >> >> GlaxoSmithKline >> (Neutral) >> >> Company Data >> Price (p) 1,366p >> Date of Price 10 Nov 2015 >> >> Yesterday we hosted a call with GSK CEO Andrew Witty (AW) in the context of the J.P. Morgan EU Pharma 2015 CEO Conference Call Series. Coming a week after the R&D day, which was focused on the detailed pipeline project disclosure, the call focused on bigger picture R&D questions, as well as the outlook for GSK's Consumer division and the pace of the cost savings program. On R&D, AW believes GSK has a differentiated approach, in part because of its understanding of genetics. GSK will provide an update on its R&D productivity metric at FY15 results in Feb '16, and AW believes GSK's productivity has been increasing, though still similar to the 12% IRR reported in 2014. With regard to the Consumer division, AW stated that guidance for topline growth of mid-single digit, and Core EBIT margin guidance of 20%+ could ultimately prove conservative, and doesn't represent a ceiling, though achieving profitability beyond 20% could mean a trade-off for slower topline growth. AW suggested significant M&A to strengthen Consumer is unlikely until the Novartis synergies have been achieved, and he also suggested that although divestment of the Consumer division wouldn't make sense at this time, this could be an option by the end of the decade, once the Novartis cost savings / synergies plan has been executed. For the Cost savings program, AW sees savings continuing to build over the next three quarters, suggesting guidance for 2016 EPS growth crossing into double digit should be well underpinned. >> Bottom-line: With the R&D day past, we see limited upcoming clinical catalysts with the potential to drive upgrades, but we believe GSK's share-price will likely be well supported by the sector-leading dividend yield (c.6%), as well as the Q2'16 Special divi (1.5%), and we also believe delivery of double digit LC EPS growth in 2016 would be well received by investors. With GSK already trading on 16x 2016E Core EPS for only 5% 2016E-20E EPS CAGR, vs. the sector on c.16.5x 2016E for 8% EPS CAGR, we remain Neutral. R&D - AW believes GSK's R&D is differentiated by its ability to understand genetics and gene expression. He believes R&D productivity is increasing, and is competitive with peers, >> * Differentiators in the R&D approach. AW notes GSK's ability to understand the genetics of diseases it is studying. He believes it has a leadership position in epigenetics, pattern recognition, RIP kinases, IL-5 in immune-system modulation and respiratory. He also believes it has a competitive position in immuno- oncology. In terms of platforms, the company sees differentiation in having adjuvants and adeno-virus technology within vaccines. * R&D productivity is improving vs. historical trends. GSK sees improvements as it believes it is doing a better job in validating its targets earlier in development, and choosing better target at the molecular level, which should lead to a higher probability of success vs. historical trends. * GSK's Return on R&D (IRR) is competitive, and likely to be similar to the 12% reported in 2013. GSK calculates its Internal Rate of Return every two years, with the next update at FY15 results in Feb 2016. GSK expects the IRR to be similar to the 12% reported in 2014. This was a step-up from themed single digit return reported in 2007/08. GSK expects the return to have increased, as HIV launches have done better, more than offsetting slow respiratory launches. GSK also believes that ending the Darapladib and Losmapimod programs will have increased the returns, as the studies ended, reducing R&D cost. GSK also sees oncology divestment at an attractive price as having boosted the return. * R&D productivity can be measured in a number of ways, all of which look favourable. AW listed a number of different ways to measure R&D productivity, including measuring spend per NDA approval, or looking at cycle times to approval - on both of these, GSK looks very good. Another metric would be the number of approvals generated, which GSK believes looks very good. GSK concedes one metric where it could look less impressive than peers is the number of blockbusters being generated from its pipeline, but it notes that 2008-14 combined new launches were already generating £3bn annual sales by the end of 2014, a significant commercial return. GSK also notes recent progress, with Dolutegravir looking likely to be a very substantial product, with peak sales of Breo, Nucala and Shingrix also likely to be very significant. GSK still sees plenty of potential to drive up its average R&D yield. Of the 11 pipeline products >> (9 launched and Nucala just approved and Shingrix to file H2' 2016), GSK believes 3-5 could be very significant products. * GSK R&D productivity doesn't significantly differ by therapy area. GSK doesn't see Oncology as having lower R&D productivity than other therapy areas, as it has had 7 oncology NDAs approved in Oncology from 2008-13, with sales moving from zero to £1bn by time of Oncology divestment. Respiratory is a therapy area GSK is still very keen on, with lots of activity and high productivity. >> GSK also characterised HIV as having been very productive. Vaccines also has very good productivity. GSK was slightly more cautious on Immuno- inflammation, a newer therapy area for GSK, which is a noisy space that could potentially have lower productivity. Rare disease productivity was described as good, rather than very good. * R&D focus - GSK is focused on six therapy areas: (1) HIV/Infection, (2) Oncology, (3) Respiratory, (4) Immuno-Inflammation, (5) Rare disease and (6) Vaccines. Though GSK has 40 new medicines/vaccines in developments, GSK doesn't believe it is too broadly spread across therapy areas, and the company doesn't see an argument for narrowing the R&D focus. * R&D approach seeks to avoid >> cannibalisation: In the Respiratory category, GSK does see a finite opportunity to develop new inhaled therapies, hence this is less of a focus, with GSK instead focusing on immune modulated programs like IL5 instead, which won't cannibalise existing GSK products, or compete with generics. In HIV, GSK still sees opportunity for long acting therapy, or from combos using a fewer number of ingredients which could expand the franchise rather than cannibalising. In the categories of Immuno-oncology, Inflammation or Rare diseases, GSK has nothing to lose, so can go after everyone else's share. >> Consumer: topline and margin guidance could ultimately prove conservative, and doesn't represent a ceiling, though achieving profitability beyond 20% could mean a trade-off for topline growth * Consumer topline and margin guidance could ultimately prove conservative. As to whether the guidance for mid single digit topline growth and 20%+ margin by 2020 could be conservative, AW noted that the Novartis business GSK acquired had significant challenges in terms of starting profitability. The company aspires to take the combined business to the upper quartile on margin and topline growth rate. GSK notes the profitability guidance is for EBIT margins to be at "least 20%", not "20%". AW sees reaching 20% profitability as the base-camp GSK needs to initially reach, before potentially exceeding this. The company notes that at some profitability point beyond 20% margin, there could be a topline growth trade-off, though this does not necessarily start at 20%. To put the profitability guidance in context, GSK noted that its Indian business has a significantly lower margin. In terms of peers, it also suggested J&J's consumer business is closer to GSK's, with this business having a sub 20% margin. GSK believes Reckitt is a less relevant comparator on profitability (JPMe approaching >> 30%) and GSK notes Reckitt hasn't formally provided any profitability metrics for its comparable business. * Consumer growth likely to be organic-only, until GSK has fully executed on Novartis transaction. GSK ruled out any potential near-term bolt on deals for GSK's consumer division, as the focus remains on executing on Novartis integration and margin improvement. GSK doesn't see the Novartis Put option creating any additional pressure to speed up the pace of margin improvement, with this already being a focus for GSK. Once the integration is complete and GSK has reached "base-camp" it would consider Consumer bolt-on M&A. >> * Consumer could potentially be spun-off once the Novartis transaction has been fully executed in 2020, but not before. GSK doesn't see an argument for divesting Consumer at the current time, seeing significant synergies with Pharma, and seeing plenty of potential for the business to be optimised. Once this is achieved, with Novartis Consumer fully integrated and the margin aspiration achieved by the end of the decade, at this time GSK could consider whether it makes sense to break the business up. Cost >> savings: AW sees significant further cost savings continuing to build over the next three quarters. * Cost savings will continue to play out in the next three quarters. AW stated that the initial cost savings apparent in >> Q3'15 would continue to build in the next three quarters, as restructuring measures fully materialise. However GSK believes a significant proportion of the savings will be offset by EU Advair erosion, and pricing headwinds. >> We believe 2016 could savings should support GSK's 2016 guidance for EPS growth to cross into double digit. >> Key newsflow >> * Key 12m newsflow: GSK highlighted a number of significant upcoming datapoints, including: (1) Nucala launch, (2) Accelerating Breo/Anoro/Incruse roll-out, (3) Shingrix regulatory filing, (4) Cabotegravir Phase III start, (5) HIF Phase III start, (6) First approval of SCID gene therapy. >> Investment Thesis >> We rate GSK Neutral, as we see balanced risk/reward at current levels. We see consensus EPS forecasts for the next five years as being broadly achievable, and we expect the sector-leading dividend yield to provide a valuation floor, at least as long as the high payout ratio is maintained. >> We are Neutral rather than Overweight as we continue to see limited pipeline optionality and less M&A optionality than at peers due to GSK's high financial leverage. >> Valuation >> We set a £13.70 price target applying a sector multiple to GSK's 2016E Core EPS. The sector currently trades on c.16x 2016E PE, for 9% 2016E-20E EPS CAGR. We apply a 16x multiple to GSK Core EPS, fairly generous for only a 6% 2016E-20E EPS CAGR, acknowledging that, in the near term, the shares are likely to be supported by the sector-leading dividend yield, even if we do question the logic of maintaining such a high payout ratio (96% of Core EPS, 200% of FCF). >> Our £13.70 PT is in line with our £13.50 Embedded value and £13.60 SOP. >> Risks to Rating and Price Target >> Upside risks >> * GSK could buy out Pfizer's 12% ViiV stake, though we would see this driving only around 1% accretion for 2016 and 2017, with 2% accretion beyond. >> Downside risks >> * GSK's dividend provides valuation support, but this could be at risk, should the company undertake a strategic transaction
13/11/2015
11:49
minerve: RCTurner2 No. I believe yesterday's (and previous days) news and events indirectly affected the sentiment and actions on GSK's share price Take this hypothesis further, if metal prices and oil prices continued towards zero do you think this would have no further affect on the GSK share price because you believe it as just 'noise'?
28/8/2015
23:15
cyberian: After hours close(Friday) on WS the GSK share price was equiv. £13.43!!!
17/2/2015
17:05
losos: Toffeeman - "market makers have jack sh1t to do with the GSK share price." Yes, you're right, but they do move the aim and small cap spreads around to suit themselves, had been watching their antics on XPP and a few others.
13/2/2015
14:13
toffeeman: With all due respect Losos, market makers have jack sh1t to do with the GSK share price.
12/2/2015
14:31
cyberian: The present share price seems odd when you look at the forward divi guidance and the net Novartis return value to shareholders as that gives a 10.8% return over the next 12 months. Plus we have some clear guidance from the Board that the pipe-line is looking very encouraging, with respiratory products having something of a significant recovery/improvement, plus the appointment of 3 major banks mandated to examine the possible float of their HIV products (maybe worth $15/18 billion). Further there is the latest news that with other major sector names they are looking at initiating a single process of blending components of certain drugs which would save up to 50% of processing costs (they have a plant nearly ready in Singapore for this purpose)...obvious some savings can and probably be shared to the wholesale buyers, but net margin returns will benefit GSK. The latter have already announced that they are introducing further cost saving factors in the US. Again as stated by others and some credible analysts the GSK share price is presently at a 20% discount to its main peers....so just need to be patient, I guess.
01/8/2014
08:48
rangor: "The fall in the GlaxoSmithKline (GSK) share price to1428p is a story in its self. Not only is it back to where it approximately was in 2013 but it now stands on what I perceive to be a three year support level. (Have a look for yourselves.) If so, will the share price hold there and is it a reason to buy the shares as cheap at 1428p on an historic dividend yield of 5.4% and on the basis that "there will always be a Glaxo"; an approach that has generally speaking been a good point to buy the shares when the news looks bleakest?" Except that in 2012 GSK share price went as low as 1317, and in 2011 spent half the year below £13.
26/7/2014
07:39
buywell2: U guys are missing the MAIN point The GSK share price has been propped up this year because they have been doing almost daily buybacks Now they have just stated that for the rest of 2014 they won't be buywell2 24 Jul'14 - 06:56 - 9115 of 9128 0 0 edit '' it is likely that share repurchases over the balance of 2014 will be immaterial '' this is worrying as the next MAJOR chart support level is circa 1325p the current bottom trading channel 1450p free stock charts from uk.advfn.com
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