Greene King Share Discussion Threads

[wad collector] 04/9/2012 08:31

Heading back up towards sick squid.It says something about the market when a share rises on "In Line" results get published.

[hyden] 04/9/2012 08:00

Very reassuring statement imho. Should see a Blue day today.

[skinny] 04/9/2012 07:16

CURRENT TRADING

With our strategic focus on growing our largest business, Retail, it is reassuring to report like-for-like (LFL) sales up 5.1% after 18 weeks, despite the poor weather this summer.

The Olympics had a minimal net impact on the overall Retail performance. In London, the City and the West End were generally quiet while in the suburbs, including Realpubs and Capital Pub Company sites, trading was noticeably stronger.

With Value, Service and Quality at the heart of our Retail trading strategy, we have achieved LFL food sales growth of 5.2%, LFL drink sales growth of 5.0% and LFL room sales growth of 4.9%.

In Pub Partners, after 16 weeks, average EBITDA per pub was up 3.5%, while LFL EBITDA in our core estate was down o.5%.

After 18 weeks, Brewing & Brands core brand volume was -0.9%. Both Old Speckled Hen and Greene King IPA, following its relaunch in April, have achieved good volume growth. Total beer volume was up 0.4%.

Overall, our margins, profit, cashflow and balance sheet remain in line with our expectations.

OUTLOOK
We believe underlying trading trends across the business have been maintained through the summer, despite the disappointing weather. This is encouraging for the rest of the year, although we expect consumer confidence to remain subdued.

However, we remain confident that our Retail growth strategy, combined with our focus on delivering excellent value, service and quality to our customers, will continue to deliver earnings and dividend growth for our shareholders.

[bluesbeater] 10/8/2012 08:04

OK thanks,

[hyden] 09/8/2012 21:13

No, you would have had to have held at close of play on Tuesday in order to qualify for the dividend. When you buy on Wednesday you buy 'Ex-Dividend', in other words you buy without any entitlement to the dividend. The 'Record Date' is really little more than a legacy, allowing companies the time to update their share register.

[bluesbeater] 09/8/2012 19:23

so could you have sold on Tuesday, bought back on Thursday and still got the div?

[skyracer] 09/8/2012 08:16

Dividend goes to shareholders "on the record" 10th, ex-div 8th (two days before record date).

[elgordo] 08/8/2012 11:21

It did indeed say 10th in the prelims, but their website confirms it as today -

[trytotakeiteasy] 08/8/2012 11:19

dividend 18p so stock off slightly more... should recover over time as trading in the summer should have been good...

[bluesbeater] 08/8/2012 10:24

I read it was 10th August an rns in the results, did they change it?

[akh99] 08/8/2012 08:14

It is EX divident date today.

[bluesbeater] 08/8/2012 08:08

Did we go ex div early or what happened today?

[bluesbeater] 18/7/2012 16:39

A few weeks old now but here is the link



LONDON (ShareCast) - Peel Hunt has hiked its target price for pubs group Greene King (Other OTC: GRKGF.PK - news) and reiterated its 'buy' rating, saying that the stock still has some upside despite the recent strong performance ahead of its full-year results. "The shares, up 8% in the last week, are clearly now in the process of re-rating as we have predicted. We believe there is much further to go, with Greene King's leading position likely to become very apparent at the finals," said analyst Paul Hickman. The firm's results are due on June 28th and Peel Hunt says to expect a beat due a strong fourth quarter. Its (Euronext: ALITS.NX - news) forecast is slightly ahead of consensus estimates of £149m in pre-tax profit and 51.9p in earnings per share. "Retail like-for-like (LFL) sales over-performed the sector average and are strong by any standards, at +4.5% in the final difficult quarter, or +4.6% for the year to date. "While the final two weeks will be lower against the tough Royal Wedding comparative, which may reduce Q4 as low as +2% LFL, this is an excellent result in a tough year, and certainly well ahead of the 2-3% growth required to offset inflationary input pressure," Hickman said. The target price is raised from 561p to 617p. Shares were trading 0.86% lower at 519.5p on Friday morning. BC

[bluesbeater] 18/7/2012 16:35

OK thanks Wad collector, I was sure I saw a recent broker update setting a price of 6.17, and it certainly looks like that is on the cards

[jeffian] 18/7/2012 10:21

Incredible that Investec forecast PBT, EPS and DPS all falling next year. I'll eat my pants on Parliament Hill if they do!

[bluesbeater] 13/7/2012 15:31

looks like you got the wrong stock there wad collector

[wad collector] 12/7/2012 10:31

Brokers consensus not so strong for what it is worth ;

2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Shore Capital
06-07-12 HOLD 159.50 55.10 26.00
Panmure Gordon
02-07-12 HOLD 155.00 53.90 25.90
Numis Securities Ltd
28-06-12 ADD 159.50 56.10 26.00 166.80 58.60 27.30
Investec Securities
26-06-12 SELL 143.80 49.90 25.00 131.80 46.40 23.20

[yf23_1] 06/7/2012 13:28

Tipped as a buy in today's IC

[apad] 06/7/2012 10:24

There's always a home in FSTA jeff.
apad

[jeffian] 06/7/2012 09:55

There were rumours reported in yesterday's Market Report (Times) of a merger between GNK and MAB. Although MAB have some cracking pubs, I certainly hope not while Joe Lewis is around. His influence has been hugely de-stabilising at MAB and although he would be diluted in a merger, why would GNK want to introduce a cuckoo into their nest?

As an aside, what a sorry end for the mighty Bass empire - to be subsumed into a regional brewer!

[wad collector] 05/7/2012 21:29

That's a 3 yr high now.Must be all the punters going to the pubs to get away from the rain.

[wad collector] 29/6/2012 13:12

From yesterday-

GREENE KING plc

Preliminary results for the 52 weeks to 29 April 2012

STRONG GROWTH, RECORD RESULTS, STRATEGIC PROGRESS


52 weeks F11 F12 Change
------------ ------------ ---------
Total revenue GBP1,042.7m GBP1,140.4m +9.4%
------------ ------------ ---------
Operating profit* GBP222.0m GBP236.2m +6.4%
------------ ------------ ---------
Operating margin* 21.3% 20.7% -0.6%pts
------------ ------------ ---------
Profit before tax* GBP140.0m GBP152.0m +8.6%
------------ ------------ ---------
Statutory profit before tax GBP116.8m GBP125.1m +7.1%
------------ ------------ ---------
Adjusted basic earnings per share* 48.2p 53.0p +10.0%
------------ ------------ ---------
Dividend per share 23.1p 24.8p +7.4%
------------ ------------ ---------

PERFORMANCE HIGHLIGHTS

-- Retail like-for-like sales growth of 4%; food sales growth of 17%.
-- Retail operating profit growth of 13%; EBITDA per pub over GBP200k for first time.
-- Average EBITDA per pub in Pub Partners up 4%; substantive agreements at 98%.
-- Brewing & Brands total volumes up 8%; revenue up 5%.
-- Strong growth of 10.0% in adjusted earnings per share.
-- Strong margins and cash generation support total dividend growth of 7%.
-- Current trading strong; Retail like-for-like sales up 7% in the las