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Greene King Share Discussion Threads
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|4th april Investec buy tp 870p
|Looks like it doesn't it. We were due a bit of a bounce though !
|Maybe benefiting from those bettter than expected february retail sales figures out earlier today ?|
|Good to see Royal London adding a few ... now over 3%
'Greene King to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on March 22, 2017'
|Greene King Pub Partners has been named as the best tenanted and leased pub company (201+ sites) at the Publican Awards 2017.
|14th march Barclays overweight
|Just read the JDW statement, Tim does not pull any punches!.
Can see his point which he makes very clearly.|
JD Wetherspoon, down 3.5%. The pub chain reported growth in profit in the first half of its financial year, but warned on the second half following the UK government's Spring Budget speech on Wednesday.|
|IFS: Business rates relief is 'small beer'
......analysis by Gerald Eve showed that just over half of English pubs will benefit from a new £1,000 reduction in business rates bills under measures announced by the Chancellor.
While Mr Hammond suggested that 90pc of pubs would receive a new discount, figures used by the Treasury show around 13,000 of the 40,000 pubs which already qualify for small business rates relief will get a top-up of less than £1,000.
Roughly 23,000 pubs qualify for the full £1,000 of new relief, while 90pc will get the reduction when combined with other reliefs.
|Wetherspoons chairman criticises 'dinner party' Budget
The chairman of JD Wetherspoons has criticised the Chancellor for a "dinner party" Budget that failed to tackle tax inequalities between pubs and supermarkets.
Tim Martin said pubs paid 20% VAT on food sales while supermarkets paid "almost nothing", enabling them to subsidise alcoholic drink prices.
|Budget: So some business rates relief for pubs but confirmation alcohol duties will rise by RPI
'The price of booze is bubbling up'
The duty rates on beer, cider, wine and spirits are set to go up for the first time in five years, with a 2p increase in the price of a pint of beer, a 1p increase on a pint of cider, a 10p jump on a bottle of wine and a 36p leap on a bottle of Scotch whisky.
The announcement was not a surprise - indeed, it was in line with previous forecasts - but industry leaders still lambasted the move.
Miles Beale, the chief executive of the Wine and Spirit Trade Association (WSTA) said it was “disappointing that the Chancellor has failed to support a great British industry”.
Mr Beale added: “He has increased what were already excessive and unfairly high rates of duty for the UK’s wine and spirit consumers and business.
“The added uncertainty of another Budget in six months’ time is unwelcome and will further undermine business - and consumer - confidence.”
|The recent drop in GNK is a gift horse and mouth looking exercise in when to buy an undervalued share. We're coming into Spring then Summer, with tourists on their way, and staycations the order for many this year. I'll be buying more pretty soon, methinks. :)|
|Berenberg initiating coverage today with 'hold' and 700p tp|
|Greene King invests in Cornelius’ ecoFLO Smart Pump System to reduce CO2 emissions
|Ministers expected to soften impact of business rate changes
Communities secretary Sajid Javid likely to join chancellor Philip Hammond in adopting sympathetic tone to businesses after backlash by Conservative MPs
|What do you propose they pay low skilled hospitality workers, £15 an hour?!|
|Paying it's staff rubbish rates of pay will come back and bite this bunch of greedy little Directors , share price is now confirming it's medium term decline, £3.30 on the horizon.|
|Well in fairness to Mr Martin he has a valid point in maintaining
the industry has not stood with him in arguing against unfairness in taxation.
Perhaps now they will be forced to.
Sold my small trade at 6.65, the low does not look in to me,
in fairness my view is often too cautious, as with AZN recently.|
|You never know , pressure building ;-)
'Business revolt grows over 'outrageous and unfair' rate change'
|Deutsche Bank as well :-)
15 Feb 2017
Deutsche Bank comes not to Bury St Edmunds, but to praise the Suffolk-based brewer
The great British pub is facing hard times, and they are going to get tougher, according to Deutsche Bank (DB).
Harder times will throw the spotlight more on free cash flow and the pub operators’ ability to self-fund investment, and in that contest there is a clear winner in DB’s view: Greene King PLC (LON:GNK).
“Only Greene King can self-fund all of its capex (maintenance and growth) and pay a dividend from free cash flow. All the other sector companies we cover either require disposals or pay no/reduced dividends,” the German bank said in a review of the sector.
Overall, DB remains cautious on the pubs & restaurants sector, which is facing a growing number of cost head winds. There is a concern that an unclear economic outlook will undermine UK consumer confidence and spending, which naturally will have an effect on the trading of pubs.
Despite the cautious view, it is a buyer of Greene King and also E I Group PLC (LON:PLC), which used to be known as Enterprise Inns.
Both have self-help – often broker code for cost-cutting – agendas that should provide some protection from sales and margin pressures.
Questor rather seems to agree with what I was saying above.|
|Ian, the sentiment change on HSBA has been dramatic, weaker GBP helping
and dividend looks secure for now.|
|Lat time I looked ta the pub closure figures they were running at 21 a week,
down from 27 a week at the start of 2016.
Would expect by the end of '17 that figure will be a deal higher than 21 a week.|
Pub stocks falter as broker warns industry faces worst cost pressures in a decade
Broker Canaccord Genuity painted a sobering picture of the British pub industry after it warned the sector is facing the worst cost pressures in a decade with a triple whammy of labour costs, currency-weakness induced food cost rises and rising business rates.
In a bearish note, Canaccord said the average pub faces an increase in its cost base of around 3pc this year
The broker downgraded pub operator Mitchells & Butler as it is the most food-led in the sector, leaving its pre-tax profits and ambitious capital expenditure plans vulnerable to rising costs and competition.
It reiterated its “sell” rating on JD Wetherspoon as it cautioned that the market is factoring in a good half-year performance but not the growing headwinds in the second half of the year.
Analyst Nigel Parson added: “It is now busy selling pubs we believe it should never have opened, in our view.”
Meanwhile, it warned Greene King is suffering from “mild indigestion” in the wake of its Spirit acquisition.