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Greene King Share Discussion Threads
Showing 851 to 873 of 875 messages
|Red, not connected to either GKN or MARS, but a holder of the latter. See GKN as the market leader and MARS as the aspirant! Find comparisons of the 2 quite useful, and appreciate all jeffian's points, here and on the MARS thread. As you say, this is GKN, so adieu! ex|
Thanks for the comment.
Are you a director or employee of Mars?
PS They will not tell you the cost of rolling over parts of the debt, each time that they need to do so. I asked.
Anyway, enough of Mars, this is the Gnk board.|
|Yes, red, like you I'm in MARS since W&D days (in most brewers/pubco's actually as I was in the business). I don't have a significant holding but it sits in the drawdown SIPP churning out a (poorly covered, I admit) divi and it suits my purposes. I look for growth elsewhere!|
|thanks all, the MARS debt is largely long-term, structured, asset-backed and to a considerable extent on fixed interest.|
|I've heard that one for as long as I can remember. If you don't like debt, fair enough, steer clear. In the meantime, the company will go on making profits, paying dividends and consequently increasing its share price over the long term.
Edit: Sorry I misread that as GKN's debt (or did you edit 'its' to MARS?).|
|Just look at Mars debt. Say no more.|
As you say, we've had this discussion on the MARS thread but the reason GNK stands at a premium to MARS is that it has a better growth history and better growth prospects with the integration of Spirit still to show full benefits.
As for NAV, if you only bought shares covered by NAV you wouldn't be buying many shares! GNK is modestly valued on earnings and dividends; that fact that its share price is largely underpinned by solid property assets is a reassurance rather than a reason for investing.
I hold both. At this level, I'm tempted to buy more GKN and, if I did, I would expect significantly better performance than from my MARS shares.|
|Thanks bench, came over here from MARS as directed. I would not readily discount the big +/ve impact of staycation (for the entire sector) and of 'export earnings' from international visitors. That apart, take all your points. But have long held on the MARS thread that MARS is significantly under-valued vis a vis GNK (or vice versa - GNK being over-valued v MARS). Reasons are spelt out through the MARS thread. Some disagree, and their points are 'there' as well. One point for now, just look at the TNAV per share of GNK. Would not be buying into 'that', any time soon. ex|
|Seriously unloved at 725p ... chart low point if it holds fine but not good if it breaks through 720p|
|Weakness not specific to GNK , Marstons also near lows . Basic theory is that Pub/Cos Restaurants will be squeezed by inflation ( min wage etc , imported food costs ) and reduced consumer confidence due to fall in the pound , job uncertainty post Brexit . Rising price of oil not helpful as consumers may cut back on eating out as petrol/diesel prices rise , also suffering from large investors shunning domestic stocks for overseas earners . On a 3 year view if you feel £ near its lows then good value .. but I expect this sector will remain out of favour . The flip side is that Tourist destination hotels and restaurants will boom , so unless you expect an IRA , ISIS bombing campaign to hit London , the tourist flow will go through the roof at these exchange rates ...|
|Greene King will be prospering due to the fall in the pound, and this will come out when figures are next released. The drop in price by a downrating is not justified in my view. This is a solid business, earning well and paying a decent dividend. The current price is an opportunity to buy or add, IMHO. I'm long GNK and staying so.|
|Surely weak pound good for tourism.|
|Thought about some of these myself,but seems very weak so how low will it go? GLA|
|yes - glad i bought some ... atm ;)
|getting tempted to buy a few here, probably the kiss of death ;)
I can't grumble, except for the fact that I tend to be over cautious on the sell side.
|It's a quality longer term hold.
The recent share price also has to be viewed in the context of a very strong MCX,
the share price has fallen with the MCX near all time highs
So share price performance is weaker than it appears viewed in this way imv.|
|Yes, I've held since 2009 and am quite happy, having added several times on the way up and compounding growth thru divi reinvestment.
|Red, as I do this full time I have to be.
Plus guessing you do very nicely indeed!.
So much has been re-rated recently, added some GSK yesterday and Lloy
on this morning's dip, not much catching my eye ATM.|
Brexit gave us a buying opportunity. That is when I got in. Unfortunately it was impossible to deal at the lowest prices online, but I am reasonably satisfied with my initial purchase.
Like EI I will be looking to add to my position with trading stock over the longer term. So far I have not been sufficiently confident to buy the dips, so I have missed a few opportunities. I am not as deft as EI.|
|The chairman bought a decent quantity at 720'ish after the referendum. Seems a fair vote of confidence. From memory it was about £70k worth.
|Ian, non exec director buying is what I usually watch,
as they are not loaded up with options.|
|Hi red, sold 15% yesterday at 785.5, was nicely ahead on those
as had picked them up near last week's low.
Without further bad news GNK should manage to get back to
around 8.20 imv, and if the next statement is better than expected 8.50 plus,
depending on where wider equity markets are at the time, all just imv.
However what appears a complete lack of buying from the BOD at these levels makes me wonder.
Often too cautious in my outlook though.|