Greene King Share Discussion Threads

[milacs] 24/5/2010 12:08

Well PG were right there has been a correction over the past month.

I don't suppose they saw a fall from 450p to 395p.

All three members of the pub sector which I follow have shown significant falls.

At this point I figure Wetherspoon with a potential gain of 95% in the next 12 months to be the best bet.

M

[timbo003] 29/4/2010 18:11

From today's London Eveneing Standard:




HOLD: GREENE KING
Hang onto shares in pubco Greene King, say analysts at Panmure Gordon. After a trading update that Panmure sees as "mixed", the broker notes that the shares have performed strongly in recent days but says it expects to see some profit taking. It names a 500p target price.

[jeffian] 28/4/2010 19:09

I'm amazed how many threads I've seen today with people saying things like "cannot work out why the big drop today". Yesterday saw the biggest fall in the markets for yonks and today the FTSE250 followed up with a 170-point drop. Could this be the reason why, do you think?

The trading statement was good; the markets are cr@p. GNK will move with the market so the time to "jump in" depends more on macro-economic issues than company- or sector-specific issues. Like many shares, these have had quite a good run in the last few months and those who fear a market meltdown if €-zone falls apart or the next UK Govt clamps down on the economy are probably locking in profits.

I hold GNK and will continue to do so. I think they are one of the best-run companies in the sector and will continue to do well over the meduim- to long-term.

[salpara111] 28/4/2010 18:02

I have been looking at taking a stake here and felt that I had missed the boat but am a little confused.
I have just read the trading statement and cannot work out why the big drop today.
A big part of me says jump in but given the markets reaction today I think I will keep my powder dry for a few days until I see what way it settles.

[jeffian] 28/4/2010 10:23

Everything's being slaughtered and with Greece/Portugal/€ worries and something nasty coming to the UK economy whoever wins the election, it could get worse yet. I agree a good TS from GNK and if it goes down with the market a potential buying opportunity.

[mrbronstein] 28/4/2010 09:59

"I think the Market has its eye on Greek things today."

...aint that the truth buying opportunity perhaps...

[wad collector] 28/4/2010 09:12

I think the Market has its eye on Greek things today.

[timbo003] 28/4/2010 07:41

A very good trading statement this morning, I predict an "up" day

[devymaster] 01/4/2010 10:15

Probably the best company in it's sector at present. I know that the Inns Division have recently started rolling out a re-branding of the destination food and hotels (as opposed to Hungary Horse/Loch Fyne also in the division) and that the hoped for turnover and profit increase has been exceeded by far. Much more focused than in the old days which has held them in good stead.

Devymaster

[libertine] 01/4/2010 09:44

BROKER CALL: Greene King price target raised by Goldman Sachs
1 April, 2010 07:44:37 AM

Broker takes its valuation to 560p a share from 520p a share and restates its conviction buy. Says the stock, which trades on a discount to its peers, deserves a premium rating

[libertine] 01/4/2010 09:28

Goldman Sachs raises Greene King target to 570p from 520p and has a neutral for Aga Rangemaster, cutting target to 220p from 265p

[ignoble] 18/3/2010 13:56

Didn't realise GK owned Loch Fyne ....ruddy good fish (& meat)

[timbo003] 18/3/2010 07:25

These look like very good results from Shepherd Neame this morning (I do not hold), bodes well for others like Marstons and Green King (which I do hold!)

[timbo003] 27/1/2010 16:10

See todays London Evening standard

[devymaster] 27/1/2010 13:39

Sorry Jeffian, yes I was in a rush and meant under-represented.

Devymaster

[jeffian] 27/1/2010 12:09

devymaster,

"GK certainly unrepresented with food pubs in London and the South East." Did you mean 'under-represented'? They're certainly not 'unrepresented'. They have pubs in London/South East and, of course, the Loch Fyne restaurants.

[devymaster] 27/1/2010 11:39

Does anyone know which pubs they've purchased this morning are. RNS mentions a good geographical spread..........GK certainly unrepresented with food pubs in London and the South East. Similarly their hotels (Old English), which come under the Destination division are under represented in these areas which is surely a disadvantage for a group trying to attract the business market and diversify away from being wet led.

My favorite pick in the sector though. Great yield going forward.

Devymaster

[timbo003] 27/1/2010 07:10

This mornings interim statement looks pretty good to me, I predict an up day

[baracus61] 09/1/2010 18:42

Taken from Times shares to do well in 2010 (Matthew Goodman)

GREENE KING The pub industry has been fraught over the past couple of years, but some operators have held it together despite the difficulties. One of these is Greene King, which makes beer as well as selling it in its 2,600 pubs.

The company, led by Rooney Anand, chief executive, made £200m available in a fundraising last year, which helped ease concerns over its debts. It has been making small acquisitions, while the company is unusual in the sector in continuing to pay a dividend. The stock has a yield of about 5%.

Greene King shares, priced at 408p, trade on a p/e ratio of 9.5 times next year's earnings, according to house broker Deutsche Bank. Despite a challenging outlook for the leisure industry, I believe these are worth tucking away.

[stevemarkus] 01/12/2009 11:21

It might actually be something to do with their interims being out today, rather than the JDW news!

Steve.

[hotfinance14] 01/12/2009 08:43

And JDW to create 10,000 new jobs!!

[gotnorolex] 01/12/2009 08:16

JDW to open 250 new pubs with cappuccino machines....but up up up we go!

[gotnorolex] 18/11/2009 12:31

Greene King(GNK) 18-Nov Seymour Pierce say Buy @419.40p Target??? Reiteration

[bulldog67] 04/11/2009 13:11

Timbo thanks for the update link, looks good for a slight divi increase, intend to increase holding, but to much banking exposure at the moment.

[timbo003] 04/11/2009 10:08

I assume the strong rise today means that yesterday's analysts presentation went down rather well.

You can access the slides used in the presentation here: