Greene King Share Discussion Threads

[volsung] 02/11/2009 11:49

Surely this be's a short bros?

[gulliver2] 30/10/2009 09:57

How do you know it is not a large holder drip-feeding sells? Seems too consistent for that volume of short termers to do it. Although I find it mildly irritating to see an increasing paper loss I don't think the decline realistically represents the strength of the company and I expect to see a northward movement when this seller is out.

[glenowen] 29/10/2009 23:10

Nextlink - if I had a tenner for every time I've seen that hoary old theory trotted out every time a share is in marked decline, I might be able to mount a takeover of GNK myself.

The shares are down for the simple reason that short-term investors are selling. And that is great as far as I'm concerned since I can now pick them up at 20% less than just a few weeks ago!

[nextlink] 28/10/2009 13:09

I've a theory.
With results five weeks away.
In a falling market MM walk it down to pick up
cheap stock.

[dawntrader] 27/10/2009 13:22

UP at 431 early this a.m. and now struggles at 4.05 ?? Thats a big swing on no news.

[dawntrader] 27/10/2009 13:22

UP at 431 early this a.m. and now struggles at 4.05 ?? Thats a big swing on no news.

[gotnorolex] 22/10/2009 11:38

Greene King(GNK)22-Oct Panmure Gordon says Hold @ 422.30p Target 500.00p Reiteration!
Pubco shares surge as beer tie is cleared
Adrian Lowery, This is Money
22 October 2009, 11:43am

Pub company shares surged today after the Office of Fair Trading gave the all-clear to the industry's 'beer tie' arrangement.
Management at the two biggest 'pubcos', Punch Taverns (11.05p up at 95.8p) and Enterprise Inns (19.8p up at 138.9p), will be breaking open the champagne after a nervous few months.
The Office of Fair Trading has been examining the system by which pub tenants are forced to take beer supplies from their pubco landlords since it received a supercomplaint from the UK's biggest consumer group, the Campaign for Real Ale (Camra).

Fears that the OFT would recommend the beer tie for investigation by the Competition Commission had sent pubco shares plummeting in recent months: shares in Punch had lost 85% of their value over the past 18 months, and Enterprise saw its shares decline by 70%.

[bostonborn] 17/10/2009 08:05

Tipped as a buy in yesterdays Investors Chronicle, mainly for the dividend it pays and the security of the dividend (dividend cover) etc. Can anyone post the full article?

[gotnorolex] 12/10/2009 13:10

Sit tight we expect to have a good run up to Christmas!

[timbo003] 09/10/2009 16:46

From tonight's London Evening Standard:



Citigroup has begun coverage of the bombed-out pubs sector. It has buy ratings on Greene King, 1p better at 417¾p, Mitchells & Butlers, up 2½p at 253¾p, and Enterprise Inns, 4p cheaper at 125p, but can only muster hold ratings for Marston's, 1¼p easier at 93½p, and Punch Taverns, 1½p better at 122p. It describes Wetherspoon and M&B as "well-managed" companies with scope for re-rating as debt concerns ease.
More than 30 pubs a week have been closing across the UK with the industry being hit by the smoking ban, a decline in beer sales and increased competition from the supermarkets.
Crumbling share prices have ratcheted up gearing levels of those heavily leveraged pub operators which borrowed a great deal to expand in better times.

[gotnorolex] 09/10/2009 11:29

Greene King(GNK) 09-Oct Buy say Citigroup Buy @417.20p Target??? New Coverage!

[gotnorolex] 08/10/2009 10:15

Greene King(GNK) 07-Oct Buy say Seymour Pierce Buy @425.00p Target??? Reiteration!

[kbass] 28/9/2009 07:33

Looking like I might have to have a drip from the barrel ....

[gotnorolex] 27/9/2009 17:23

Great idea when done in the right location. This place was a mattress dump only a couple of years ago, look at it now!
Newly built (2008) Holiday Inn Express at Apsley Lock and opposite Apsley Rail Station. Comfortable, friendly and next to The Paper Mill Pub for food. Owned by Fullers

[timbo003] 27/9/2009 15:15

See article in today's Mail on Sunday



So I wonder where most of the 100 or so guests (per travelodge) are going to choose to eat and drink each evening, sounds like a good plan to me!

edit: sorry, I meant to post this on the Marstons (MARS) thread (which I have now done), although it is slightly relevant to Green King.

note: I hold shares in both companies

[gotnorolex] 27/9/2009 08:29

Completely oversold! It has nowhere to go but^^^^UP^^^^!
If it drops a bit,its just bear baiting! So close your shorts now!

[kbass] 24/9/2009 14:40

... as you say, they brew great beer ....

[oneeyedjack01] 24/9/2009 07:31

Lovely beer! Bonkers Conkers a specialy made beer by GK for the conker season.

Shame they arent going to make it for long.

[kbass] 24/9/2009 07:07

And hidden there is the gem - brewers are property plays .....

[gotnorolex] 23/9/2009 20:44

Extrapulated from TheTimes July 4
Greene King, which has almost 2,600 pubs, has been able to weather this storm better than most by being nimble on its feet in meeting consumers' changing circumstances, ruthlessly attacking costs and continuing to invest judiciously in both the fabric of its pubs – the first conversions to the Loch Fyne brand look promising – and the marketing of its three main ale brands: Abbot, Old Speckled Hen and Greene King IPA.

That said, the fourth quarter, which included a cold Easter, was not great, and the first few weeks of the new financial year have followed a similar pattern. Consumers, as the Marks & Spencer figures show, are unlikely to loosen their purse strings any time soon and cost pressures look set to worsen before they improve. But after last year's dire weather, even an average British summer would provide a boost. What's more, the 18 per cent profit jump at its Belhaven operation in the second year after the Scottish smoking ban provides a glimmer of hope of some improvement south of the border in the coming year.

The other factor in Greene King's favour is its financial position. It recently refinanced on good terms, removing any credit risk until 2012. It also revealed that it has secured agreement in principle from HM Revenue & Customs to convert to a real estate investment trust without having to undergo a demerger. It will report back on this in December.

[gotnorolex] 23/9/2009 12:22

CHEERS! UBS..... managed to buy some more @ 425. couldn't do any better with my limit order, still it's a steal looking ahead.

[gulliver2] 23/9/2009 11:20

So there! LOL