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GNK Greene King Plc

849.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greene King Plc LSE:GNK London Ordinary Share GB00B0HZP136 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 849.20 849.00 849.20 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Greene King Share Discussion Threads

Showing 1126 to 1148 of 2175 messages
Chat Pages: Latest  51  50  49  48  47  46  45  44  43  42  41  40  Older
DateSubjectAuthorDiscuss
08/9/2017
14:00
Ian, appreciate your view - and thpught you would not agree
on food at home possiblely impacting! ).

essentialinvestor
08/9/2017
13:48
So Canaccord called it wrong with their 850p and now they expect people to believe them with their 550p ?

Scratch head / stroking beard ;-)

philanderer
08/9/2017
13:41
Yes, I'm here. Even in good times any trading update with the word "caution" and negative like-for-likes is going to rock the boat, more so now when the whole market's looking for a reason to fall. I'm staying reasonably relaxed about the whole thing - I'm not as focused on like-for-likes as analysts are, I'm more interested in cash generation and overall net profit which should be maintainable from the integration of the enlarged estate. As long as they go on paying the divi, I'm happy to hold and see how things pan out, although I am a bit concerned that they highlighted 'value food' as a reason for the decline as I always assume cheap pub meals are relatively recession-proof.

I just don't buy this 'at home' thing. It used to be that cheap supermarket booze was supposed to be the death-knell of pubs, but what sort of saddo sits at home in front of the telly with a tin of Carling for 'entertainment'?! Bit the same with food imv. My 'youngsters' (30-ish) do buy home meals, but only when they can't be bothered to cook; for entertainment they still go out to pub/club/restaurants.

jeffian
08/9/2017
13:34
Forget monday, looks like sub 5.50 today coming
anony mous
08/9/2017
12:51
Speed, you're too kind!.


Ian, would be interested in your view here if about?.

essentialinvestor
08/9/2017
12:34
ETX Capital..

Neil Wilson, senior market analyst, said: “Greene King results also signal weakness in consumer spending and confidence.

“June was hot and dry but since the second half of July the wet weather has kept boozers away from pub gardens. The lack of a major football tournament this year will also be a factor.

“Expect a return to year-on-year growth this time next year when the World Cup comes into play. But it’s yet another sign that the squeeze on consumer spending is hitting company profits.”

philanderer
08/9/2017
12:24
Having had time to consider more, after my post 1026: I'm going to buy more; this price is just too low. If nothing else, income funds will be sniffing at this, and that alone will push the price back north a tad.
andrewbaker
08/9/2017
11:40
More downgrades to follow.Monday should see sub £5.50.
anony mous
08/9/2017
11:26
Canaccord downgrades...


Following today's disappointing AGM trading statement from Greene King, we are cutting our EPS (Dil. Adj.) forecasts by 5.7% to 66.7p for FY18E, by 8.3.% to 67.8p for FY19E and by -10.8% to 68.6p for FY20E. This is our fifth consecutive trading downgrade. We also now assume no growth in the dividend.

The worsening consumer outlook and poor summer weather is ostensibly to blame but the Spirit integration is yet to deliver revenue synergies with the high exposure to the value food segment acting as an extra drag on performance. We are cutting our recommendation to HOLD from Buy and our target price to 550p (was 850p).

The £3.6bn of SE orientated freehold assets on the balance sheet underpins valuation supported with plenty of transaction evidence, dividend is +2.0x covered but the downgrades need to stop to breathe new life into the share price.

philanderer
08/9/2017
10:59
Whilst I've known for years that the pub trade has been on a decline, I've supported GNK because they are a well run outfit, and I expected Brexit to result in more staycations such that GNK would benefit, plus more tourists, same belief. Yet it's not been the case. I didn't factor in the extra costs of business rates and minimum wage, which hurts a business like this. Overall, it's a good income share, well covered dividend, and from that viewpoint, no problem. However, it would be nice to see what cost savings can be made, and extra revenue brought in. A hold it is for sure, IMHO: and maybe with better news in the future, I may even add. Won't lose money here, as long as long term income is wanted, but would be nice to have some growth too, though hard to see from where, I do admit.
andrewbaker
08/9/2017
10:27
Investors shocked by Greene King trading update - HTTPS://www.sharesmagazine.co.uk/news/shares/investors-shocked-by-greene-king-trading-update
speedsgh
08/9/2017
10:25
And recession hasn't even started yet.
spoole5
08/9/2017
10:23
Not much support below 6.00Looks to trickle down towards 4.50Surprised it didn't open 30% down.
anony mous
08/9/2017
09:37
First downgrade...

Investec from 'buy' to 'hold', tp 667p cut from 850p

philanderer
08/9/2017
09:25
EI - Great post #1014. Also worth considering impact of technology on people's social habits. Sad to say but proliferation of social media, online gaming, film/TV streaming with drastically increased choice all mean that people are becoming far less sociable. That is a generalisation, I know, but certainly a noteworthy trend imo which is likely to have a long term impact on the pub sector. With such a rich variety of home entertainment these days, pubs are facing a potentially serious erosion of their customer base. Aimho
speedsgh
08/9/2017
08:43
Markets haven't even started a correction yet, this look very vulnerable to substantive downside
ny boy
08/9/2017
08:37
Five year low for the shareprice, yielding 5.8% on an unchanged dividend.


These guys are all staying unchanged...

8th sept Liberum buy tp 780p
8th sept ShoreCap buy -
8th sept Peel Hunt add tp 750p

philanderer
08/9/2017
08:37
Went in All bar One last weekend..4 drinks incl. a beer £22, jeez no wonder the younger generation have no money by Monday, not even an attractive place, sitting around on stools like a canteen, most looking into their smart phones, what a future lol
ny boy
08/9/2017
08:21
Nice short this ! like I said last year and was poo pooed , it's going down to £3 , enjoy the ride , hopefully new management will look after the staff in the future !!
jotoha2
08/9/2017
08:05
jdw: For the 11 weeks to 9 July 2017 like-for-like sales increased by 5.3% ....

gnk: In the first 18 weeks of the year, Pub Company like-for-like (LFL) sales were -1.2%....

UNLESS jdw direction changed dramatically (which i doubt)the reason is not a sudden reduction in consumer spending, more a choice of where-GNK has a lot of work to do.

ih_375993
08/9/2017
07:52
There is a secular change, not just cyclical, that remains underestimated imv.
The secular challenge is presented by the proliferation of food at home
delivery options now available.

You can counter that viewpoint by maintaining a night out will never be
replaced by delivered food to the home, and to a large extent would agree.
However it does not need to replace it to impact. Just by taking a %
of business it hurts, it's yet another option for consumers spend.

And many of these pub groups have a food focus.

essentialinvestor
08/9/2017
07:06
Pain only just starting for the pubs sector.
spoole5
08/9/2017
06:49
.. unprecedented industry cost pressures..
essentialinvestor
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