Greene King Share Discussion Threads

[jeffian] 15/2/2017 10:49

Questor rather seems to agree with what I was saying above.

[essentialinvestor] 15/2/2017 10:11

Ian, the sentiment change on HSBA has been dramatic, weaker GBP helping
and dividend looks secure for now.

[essentialinvestor] 14/2/2017 18:30

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.

[philanderer] 14/2/2017 18:01

Market report:

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.

[maurillac] 14/2/2017 16:40

had a few more today - hope im brave, not stupid ;)
gla
m

[essentialinvestor] 14/2/2017 16:02

Thanks Ian, appreciated.


Supermarkets mentioned mainly in terms of the taxation differential.

[jeffian] 14/2/2017 16:00

Not really. I saw you mentioned supermarket sales recently too. I just don't equate eating/drinking at home with the 'going out' market. I use pubs and restaurants quite a lot (!) and I would always rate atmosphere/craic above the mere mechanics of eating and drinking. Personally, I find it incomprehensible that anyone would answer "What shall we do tonight, dear?" with "Let's have a takeaway and a can of Sainsbury's lager", but maybe that's just me.

8-)

P.S. I bought another 5k today at 651. They may well go lower, but in the long term I think I'll look back and be happy (as I have been with my previous purchases). Punters were making much the same noises when I bought HSBA not long ago at 485. Look at that now!

[essentialinvestor] 14/2/2017 15:25

Ian, any current view on the sector, re the growing ONLINE Just Eat type of offer
impacting business?.

TIA.

[jeffian] 14/2/2017 15:21

Are you Welsh?

[racg] 14/2/2017 13:41

How much lagwr i n hh?

[racg] 14/2/2017 13:41

How much lagwr i n hh?

[racg] 14/2/2017 13:41

How much lagwr i n hh?

[racg] 14/2/2017 13:41

How much lagwr i n hh?

[essentialinvestor] 14/2/2017 13:40

racg, don't bet the farm on this for goodness sake, however GNK looks one of
the sectors strongest, it will hopefully also be a longer term winner.

What may need to happen is an acceleration of pub and restuatant closures,
no doubt in my mind this will happen, which will take out capacity.
however It won't happen overnight.

[racg] 14/2/2017 13:37

I will treble aT 6

[essentialinvestor] 14/2/2017 11:48

Hi Phil, thanks for the view.

Had a look at GNK's Hungry Horse pricing last night and they are positioning
very aggressively atm, which is probably what is needed.

[philanderer] 14/2/2017 09:53

Morning EI , more to it than that I reckon. We`ve had a seller friday and monday. Hopefully more or less finished now.

[essentialinvestor] 14/2/2017 08:38

Surprised the reaction was not immediate, as it was clear
L4L had slowed since the last update, and that was with the benefit
of a stronger Christmas.

GNK attempted to place emphasis on the Christmas trading aspect in the report.

MAB in the firing line today.

[racg] 14/2/2017 08:33

How low will we go? Not topping up again unless we hit 6.28.

[essentialinvestor] 13/2/2017 12:26

Andrew, hope it's not Nick selling, he sold the stake in Marstons a few years ago from memory.

[philanderer] 13/2/2017 12:18

'UK consumer spending growth slumps to five-month low after Christmas boom'

Purchasing power will be squeezed further by the weakened pound in 2017, Visa said

[racg] 13/2/2017 12:13

What do you mean no barriers?

Idiotic statement.