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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Greene King Plc | GNK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 849.20 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 849.20 | 849.20 |
| Top Posts |
|---|
Posted at 11/10/2019 13:24 by whackford Decision reversed! |
Posted at 29/9/2019 15:29 by whackford Jeffian yes thanks - I did note that. "The acquisition is expected to complete in 4Q" sounds vague to me. Will there be a gap when GNK shares are not tradable (i.e. removed from investors' nominee accounts) and the cash being received into those accounts? If so, how long will that gap be? |
Posted at 29/9/2019 14:01 by jeffian The timetable (included in the Scheme Document ) has to be couched in those terms because it depends on Regulatory approvals etc which are beyond their control.What you do know for sure at this stage is that the Court hearing and company approvals are set for 9 October and GNK have "guided" investors - "The Acquisition is currently expected to complete in the fourth quarter of 2019, subject to approval of Greene King Shareholders and CKA Shareholders and receipt of the required decision(s) from the European Commission and the sanction of the Scheme by the Court." |
Posted at 29/9/2019 08:24 by whackford Zeppo, yes that's what matters. That date is not definite from reading the announcements since it depends on a variable date "D". It would be useful if the company guided investors on likely payout day and, importantly, if there is likely to be a gap between when shares are taken off the market and cash received since this is a lost transfer timespan when the market might be down. |
Posted at 28/8/2019 12:09 by spud From Shares Magazine:Greene King’s £4.6bn bid is ‘too cheap’ say analysts Investors should sit tight and see if a better offer comes along Several analysts suggest the 850p per share takeover offer for pubs group Greene King (GNK) is too low. Investors already holding the stock should sit tight and await a higher offer, either from the current suitor or a counterbid. Hong Kong-based property developer and investor CK Asset is offering £4.6bn for the business including its large debt pile. spud |
Posted at 19/8/2019 19:32 by spud Shame that investors didn't appreciate that!!spud |
Posted at 27/6/2019 21:01 by philanderer Richard Hunter, head of markets at Interactive Investor, said: "Greene King is clearly being well-managed, with an aspirational strategy to be Britain’s best beer and pub company underpinned by careful financial management. The 14% hike in the share price over the last six months is a sign of progress, although over the last year the shares have given up 12%, as compared to a drop of 8% for the wider FTSE250 index." |
Posted at 25/1/2019 10:59 by philanderer I reckon so. End of an era there :-SInvestors Chronicle: 'FTSE 350: Restaurants and pubs face competitive market' |
Posted at 09/1/2019 00:21 by philanderer Investors Chronicle:It was a good Christmas for pub group Greene King (GNK), which reported a 3.2 per cent improvement in like-for-like sales over the 36 weeks ended 6 January 2019 - representing growth ahead of the market. Like-for-like sales during the last two weeks, including Christmas and the New Year, were up 10.9 per cent, with record Christmas day sales of £7.7m. The group’s cost cutting programme also continues, with the intention to relieve some of the expected £10m-£20 |
Posted at 08/1/2019 13:23 by philanderer Market report:Greene King advanced 4.5% after a strong trading performance over the festive period. For the 36 weeks to January 6, the FTSE 250 constituent reported like-for-like sales up 3.2%. Just in the two weeks covering Christmas and the New Year, Greene King said like-for-like sales climbed 11%, tills ringing to the tune of GBP7.7 million on Christmas day alone. Nicholas Hyett, equity analyst at Hargreaves Lansdown, commented: "It's worth noting that cost inflation means profit growth may not keep pace with sales this year, despite Rooney Anand's corporate self-help measures, and the group's tenanted estate has seen profit shrink year to date. Nonetheless these are certainly healthy numbers from the pub group, and will leave investors breathing a sigh of relief." Alliance News |
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