Greene King Share Discussion Threads

[andrewbaker] 17/12/2015 11:09

... and now profit takers have been shaken out, the share price should form a good upward sloping trend for the next goodly while.

[andrewbaker] 15/12/2015 16:43

Given current uncertainty in markets generally, GNK is a sound solid bet going forward. It sells increasing amounts of good product, offers a useful well covered dividend, and has as sound a balance sheet as anyone could want. Extra Chinese sales are helpful, but the company is good without factoring that in; all IMHO.

[jeffian] 06/12/2015 14:03

Certainly nice to have, but probably 1,600% of not a lot! Remember the whole of "Brewing & Brands" contributed less than £15m of the Group's £180m gross profit and bottled IPA will be a tiny fraction of that.

[hotstuff] 06/12/2015 10:16

The increase in sales of GNK IPA to China are said to be in excess of 1,600% on the back of David Cameron's drink with Chinese Chairman in David's favourite Greene King pub.

[market sniper1] 03/12/2015 00:13

We maintain our positive view and re-iterate our BUY recommendation.

[market sniper1] 03/12/2015 00:11

Broker Goodbody full note on GNK today.........

Greene King reported H116 results this morning with group revenues of £917.7m
and PBT of £121.3m, representing 49% and 47% yoy growth respectively. This
compares to our expectations for revenues of £893m and PBT of £102.4m.
Operating margin was 19.6%, down 50 bps yoy as there was a higher contribution
from managed pubs and slightly higher costs. Adjusted basic EPS was 34.5p,
+15.4% yoy. The interim dividend was 8.45p, +6.3% yoy.

The Retail division delivered revenues of £740.2m, +59% yoy growth which was
primarily driven by the Spirit acquisition. Excluding Spirit, Retail grew revenues by
6.7%. In H1, lfl sales grew by 2% versus our expectations for +1.5%, with lfls in
the last 6 weeks of the period up 4.3%, aided by the Rugby World Cup. Spirit retail
LFL sales for H1 were +1.2%. In H1, there were 10 new pub openings and 13 pub
disposals (including 10 required by CMA). Management noted that since the period
end it has seen broadly similar trading patterns across all divisions.

The Pub Partners division reported H1 revenues of £82.1m, +41% yoy growth. In
H1, lfl sales grew by 2.4% with Spirit leased pubs +1.4%. Management continued
to dispose of leased pubs with 15 disposals (incl. 6 required by CMA).
The Brewing and Brands division reported revenues of £95.4m, +4.7% yoy. Own
brewed volumes grew 3.6% yoy (including the additional volumes to Spirit pubs).
Operating profit came in at £14.5m, +5.1% yoy with management attributing the
margin benefit to channel mix and cost efficiencies in H215.

Management noted that the Spirit integration is proceeding well and is ahead of
plan. In H1, the tenanted and leased pubs were fully integrated into the group.
Management have revised its initial cost synergies target of “at least” £30m up to
£35m with £12m in FY16 and also highlighted the potential for additional revenue
benefits. Management has stated that it will invest an incremental £40-50m in
brands and format optimisation over a 3 year period commencing 2016/17.

Greene King’s results for H1 were impressive and we expect to see upward bias to
forecasts. In relation to the National Living Wage impact, management stated that
it believes that it will be able to mitigate most of the impact focussing on labour
scheduling. Management guidance is for incremental cost £2m in FY17 and £6m in
FY18. We maintain our positive view and re-iterate our BUY recommendation.

[yf23_1] 02/12/2015 13:33

I think the market must have had doubts about the Spirit takeover judging by the strength of the reaction to the good results.

[waspfactory] 02/12/2015 08:52

Terrific results and expected when you consider how many more pubs are now selling Greene King brewed beers from brewery to pump - huge profits. Great divi too.

[gorse] 02/12/2015 08:47

Quiet thread, but a good share for investors.

[jeffian] 02/12/2015 08:21

Good results.

[yf23_1] 23/9/2015 09:17

Why the drop ?

[waspfactory] 20/8/2015 12:46

Greene King plc with EPIC/TICKER LON:GNK had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Deutsche Bank. Greene King plc are listed in the Consumer Services sector within UK Main Market. Deutsche Bank have set their target price at 1175 GBX on its stock. This is indicating the analyst believes there is a potential upside of 39.4% from the opening price of 843 GBX. Over the last 30 and 90 trading days the company share price has decreased 2 points and increased 4.5 points respectively. Nice (I added that bit).

[capercaillie] 01/7/2015 19:03

Good solid results today. Hopefully we able to 'push on' once Spirit is absorbed into the company.

[mike740] 22/5/2015 13:52

Greene King plc (GNK) – Research Analysts’ Recent Ratings Changes
May 21st, 2015 • 0 comments • Filed Under • by ABMN Staff

Several brokerages have updated their recommendations and price targets on shares of Greene King plc (LON: GNK) in the last few weeks:

5/15/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 850 ($13.37) price target on the stock.
5/12/2015 – Greene King plc had its price target raised by analysts at JPMorgan Chase & Co. from GBX 830 ($13.06) to GBX 920 ($14.47). They now have an “overweight221; rating on the stock.
5/12/2015 – Greene King plc had its “neutral”; rating reaffirmed by analysts at Nomura. They now have a GBX 846 ($13.31) price target on the stock.
5/12/2015 – Greene King plc had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a GBX 835 ($13.14) price target on the stock.
5/6/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at Beaufort Securities.
5/6/2015 – Greene King plc was downgraded by analysts at N+1 Singer to a “hold” rating. They now have a GBX 798 ($12.55) price target on the stock, down previously from GBX 848 ($13.34).
5/5/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at N+1 Singer. They now have a GBX 848 ($13.34) price target on the stock.
5/5/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a GBX 940 ($14.79) price target on the stock.
5/5/2015 – Greene King plc had its price target lowered by analysts at Canaccord Genuity from GBX 880 ($13.84) to GBX 850 ($13.37). They now have a “buy” rating on the stock.
Greene King plc (LON:GNK) opened at 835.00 on Thursday. Greene King plc has a 52 week low of GBX 712.00 and a 52 week high of GBX 891.00. The stock’s 50-day moving average is GBX 829. and its 200-day moving average is GBX 809.. The company’s market cap is £1.82 billion.

Greene King plc is a United Kingdom-based pub and brewing company. The Company run 1,900 managed, tenanted, leased and franchised pubs, restaurants and hotels. It operates through three segments: retail, pub partners and brewing & brands. The Retail segment, consists of both branded and unbranded pubs, restaurants and hotels .

[mike740] 17/5/2015 13:45

GNK Greene King.

Technically seems to have some positives going for it at the moment as per displayed on the chart.

[megam1nd] 12/3/2015 22:48

I noticed this its the most shorted share in the market, just broke a recent upward short term trend, near all time high, flat sales.

So I decided to join them a couple of days ago, so far so good.

[bostonborn] 02/3/2015 13:46

Thanks; for info; I'm not so worried now.

[santar] 02/3/2015 10:53

bostonborn - you are correct in that 10.97% shorted. See here:



Could be for hedging strategies or other reasons, such as the Spirit takeover. Ours is not to question why!

[bostonborn] 02/3/2015 10:21

Sorry should have been Spirit Pub Group NOT Punch Taverns in my previous post!

[bostonborn] 02/3/2015 10:16

This is a very quiet Bulletin Board!!; which may be a good sign. However I have just been told that Greene King are being shorted and that 11% of their shares are being shorted. I am a very long term investor so perhaps should not be worried. Perhaps its due to the take over of Punch Taverns which I presume is still going through. Can any one update me with any details or views on this solid company. Thank you in advance.

[jeffcranbounre] 19/1/2015 19:11

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[j l] 18/1/2015 19:39

Greene King reports tomorrow. I have created a Weekly Thread to watch charts of companies reporting on any given day.

Mainly for my own use but hope others will find it useful too.

[waspfactory] 11/12/2014 14:31

Well my prediction that the share price would rise after the results was spectacularly wrong. Bought a few more today at 729p, ex divi on 18th Dec for 7.6p interim. Holding these for the generous 28p full dividend - better than the paltry interest I'm earning in the bank.