Greene King Share Discussion Threads

[jeffian] 30/11/2016 22:54

"This company likes to award those at the top , but not those at the coalface"

Besides John Lewis, name me one that doesn't.

[jotoha2] 30/11/2016 18:00

This company likes to award those at the top , but not those at the coalface, it's a time bomb waiting to go of , should drift down to around £3 in next 12 months , take care.

[essentialinvestor] 30/11/2016 08:30

Thanks, very modest return though.

[elmfield] 30/11/2016 08:29

Nice bit of trading EI.

[essentialinvestor] 30/11/2016 08:27

Out at 7.1975 for a few shekels.

[essentialinvestor] 28/11/2016 12:39

GNK's performance in the last financial crisis was petty exceptional given
the context of a world that looked like it was ending.


Like the Local Heroes concept, a very small part of the business admittedly,
noticed the Antelope in Surbiton and that has been transformed.

Hungry Horse at the opposite end of the market would not be my type of establishment
but caters for a niche well.

Cost inflation the big current issue to navigate.

[jeffian] 28/11/2016 12:28

I, too, have added despite the graph having a slight 'falling knife' feel. I have long-term funds to invest and this just feels a good buying opportunity on both PER and yield considerations.

[essentialinvestor] 28/11/2016 10:04

Added a few lots, may regret this as sector companies have sold off
on results of late, looks longer term value near these levels, just IMV.

Should qualify that view by the addition of, if trading has developed in line
with expectations, quite important!.

[essentialinvestor] 26/11/2016 10:37

Interim results next week.

If it follows the recent sector post update trend it may be watch out below,
however we have already come down a long way.

[essentialinvestor] 25/11/2016 14:15

Bought back a very small amount, multiple reasons for current
caution on the sector.

Looking at the evening news last night the doom merchants are out in
full force on UK economic prospects, not helpful for confidence.

[ed 123] 24/11/2016 22:55

Ah, thanks, EI :-)

[essentialinvestor] 24/11/2016 21:38

My deleted post was meant for the MARS board, checking the GNK price at the
time and posted in error.

[ed 123] 24/11/2016 21:13

What do all these dots mean, anyway?

[bench2] 28/10/2016 22:15

Impressive 2 day recovery from the 716p oversold lows , and decent uptick volume today . I suspect one or two contrarian investors starting to look for bombed out domestic consumer stocks . We will see if this price level holds next week .

[essentialinvestor] 25/10/2016 13:00

I exited on the bounce a couple of weeks ago as mentioned on the SHA board,
got up to 798, think 804/5 was the top, it proved to be fleeting.

Did not like the lack of any director buying post update, and 2017/18 margins
now very much in focus.

[exel] 18/10/2016 11:09

Red, not connected to either GKN or MARS, but a holder of the latter. See GKN as the market leader and MARS as the aspirant! Find comparisons of the 2 quite useful, and appreciate all jeffian's points, here and on the MARS thread. As you say, this is GKN, so adieu! ex

[redartbmud] 18/10/2016 10:46

exel

Thanks for the comment.
Are you a director or employee of Mars?

PS They will not tell you the cost of rolling over parts of the debt, each time that they need to do so. I asked.

Anyway, enough of Mars, this is the Gnk board.

[jeffian] 18/10/2016 10:46

Yes, red, like you I'm in MARS since W&D days (in most brewers/pubco's actually as I was in the business). I don't have a significant holding but it sits in the drawdown SIPP churning out a (poorly covered, I admit) divi and it suits my purposes. I look for growth elsewhere!

[exel] 18/10/2016 10:40

thanks all, the MARS debt is largely long-term, structured, asset-backed and to a considerable extent on fixed interest.

[jeffian] 18/10/2016 09:58

I've heard that one for as long as I can remember. If you don't like debt, fair enough, steer clear. In the meantime, the company will go on making profits, paying dividends and consequently increasing its share price over the long term.

Edit: Sorry I misread that as GKN's debt (or did you edit 'its' to MARS?).

[redartbmud] 18/10/2016 09:52

Just look at Mars debt. Say no more.

[jeffian] 18/10/2016 09:45

exel,

As you say, we've had this discussion on the MARS thread but the reason GNK stands at a premium to MARS is that it has a better growth history and better growth prospects with the integration of Spirit still to show full benefits.



As for NAV, if you only bought shares covered by NAV you wouldn't be buying many shares! GNK is modestly valued on earnings and dividends; that fact that its share price is largely underpinned by solid property assets is a reassurance rather than a reason for investing.

I hold both. At this level, I'm tempted to buy more GKN and, if I did, I would expect significantly better performance than from my MARS shares.