Greene King Share Discussion Threads

[exel] 17/10/2016 21:24

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

[bench2] 17/10/2016 19:45

Seriously unloved at 725p ... chart low point if it holds fine but not good if it breaks through 720p

[bench2] 12/10/2016 11:36

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 ...

[andrewbaker] 11/10/2016 11:06

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.

[spoole5] 10/10/2016 18:16

Surely weak pound good for tourism.

[geraldus] 10/10/2016 14:17

Thought about some of these myself,but seems very weak so how low will it go? GLA

[maurillac] 28/9/2016 15:29

yes - glad i bought some ... atm ;)
m

[maurillac] 26/9/2016 14:53

getting tempted to buy a few here, probably the kiss of death ;)
m

[redartbmud] 23/9/2016 09:28

EI

I can't grumble, except for the fact that I tend to be over cautious on the sell side.

red

[essentialinvestor] 23/9/2016 09:06

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.

[stevemarkus] 23/9/2016 08:44

Yes, I've held since 2009 and am quite happy, having added several times on the way up and compounding growth thru divi reinvestment.

Steve.

[essentialinvestor] 22/9/2016 11:57

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.

[redartbmud] 22/9/2016 11:06

steve

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.

[stevemarkus] 22/9/2016 10:59

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.

Steve.

[essentialinvestor] 22/9/2016 10:09

Ian, non exec director buying is what I usually watch,
as they are not loaded up with options.

[essentialinvestor] 22/9/2016 10:04

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.

[redartbmud] 21/9/2016 15:08

EI

If you want to build a position, why don't you buy a core holding then trade in and out on the dips and highs. Each time that I sell, I recover my stake. It is long winded, but I get to add and preserve my capital. I am overweight at times, but if I mistime the trade I am happy to hold as I want to develop a position.
In the case of GNK, I have not yet traded beyond my initial purchase although I have been sorely tempted.

[jeffian] 21/9/2016 14:27

Not sure that's relevant, EI. This isn't some tinpot AIM company! I'm not sure that Director buying is seen as anything other than attempt to 'puff' the shares and amounts are usually meaningless in the context of the market cap of the company. Anyway, all the Directors here already own shares and are continually awarded more under the LTIP. NB this from the accounts -

"Shareholding policy - To align the interests of the executive directors with shareholders and to promote a long-term approach. - Executive directors are required to build and retain a shareholding of at least 100% of salary. To the extent that the shareholding requirement has not been met, executives will be expected to retain at least 50% of the net exercised LTIP awards until the requirement is met."

Why go into the market when you're going to be given them for free?!

[essentialinvestor] 21/9/2016 13:37

What I don't like is what appears to be a complete lack of
any director buying post TS and following this dip.

[essentialinvestor] 19/9/2016 17:59

12 month low around 7.20, high approx 9.80.

Would not view GNK as a natural trading stock, but it can
quickly move by a fat % in either direction.

For most buying and holding is more suitable,
and far easier.

[andrewbaker] 19/9/2016 17:35

For an investor as opposed to a trader - and how one can trade GNK anyway is beyond me - this is such a good time to buy/add. The fundamentals are good, the management is good, the business trades well, and it's in £s, and tourists are spending more here whether UK or, more importantly at this time, from abroad. People eat, drink, and sleep regardless: and GKN cover the lot. Plus a decent dividend. What more does anyone want!!!

[essentialinvestor] 14/9/2016 10:47

This day last week I sold my previous holding for 8.36, oh my.
Just a couple of hrs later the bid was around 8.43.
Added another small amount.

[essentialinvestor] 13/9/2016 15:39

Red, very small position, think the gloom is a tad overdone,
however reverse the right to be wrong ).
Depends on wider market levels as well.

[redartbmud] 13/9/2016 12:41

Small loss or small profit then.

I wasn't over enamoured with the recent results statement.