Greene King Share Discussion Threads

[philanderer] 17/11/2017 17:23

Thanks EI, some people know something ?

I nearly added here earlier this week. 🤓

[essentialinvestor] 17/11/2017 16:34

Interims 30/11. No position.

[philanderer] 17/11/2017 16:23

WTF happened here today ? new 2017 low

[philanderer] 13/11/2017 17:34

UK’s Top 50 pub company turnover hits £11.7bn

13-Nov-2017

The turnover of the UK’s top 50 pub and bar companies hit £11.7bn in 2016-17 marking a 4% increase on the previous year.

[philanderer] 13/11/2017 10:53

13th nov Deutsche buy tp 740p

reiterates

[ignoble] 12/11/2017 12:35

Witherspoon Pub
Greene King I.P.A ... £2.45 per pint

Great value

[1662] 10/11/2017 00:00

£13.99 for a three course Christmas dinner! Can't go wrong with that.

I'm positive they will have a good Christmas, more people are choosing to spend money on experiences, lets hope they chose to experience a Greene King pub.

[philanderer] 08/11/2017 17:18

'Supermarkets threatening pubs' share of the Christmas dinner market'

08-Nov-2017

Supermarkets are under-cutting pubs in the Christmas dinner market with food deals that are designed to encourage people to eat at home.

.......Hungry Horse festive 3-course menu £13.99p

[philanderer] 08/11/2017 13:40

Beer sales decline: Should the industry be worried?

08-Nov-2017

Freehouses, craft breweries and distributors have moved to allay fears the beer market is in terminal decline following news that sales have suffered one of the worst falls in five years.

[philanderer] 06/11/2017 23:53

Greene King, the UK’s leading pub retailer and brewer, will bring its iconic London pubs to life at this year’s Lord Mayor’s Show, which takes place in London on 11 November

[philanderer] 26/10/2017 17:41

TMF...


'This unloved 6% yielder could make you very rich'

[essentialinvestor] 25/10/2017 09:42

GNK has warned about rising cost pressures and pressure on disposable spending for more than a year, there is nothing mysterious imv.
WTB update just underscores that.

[bookbroker] 25/10/2017 09:29

Got a feeling something negative going to crop up imminently, called persistent weakness, good business nonetheless!

[philanderer] 25/10/2017 09:00

25th oct Peel Hunt 'add' tp 625p cut from 750p

[philanderer] 23/10/2017 13:34

'Craft beer boom pushes number of UK breweries past 2,000'

More than 300 brewers opened in 2016, in reversal of much-criticised consolidation of beer trade over past 70 years

[philanderer] 18/10/2017 08:09

18th oct Deutsche buy tp 740p cut from 830p

[philanderer] 10/10/2017 08:54

Read across from MARS this morning :-)

[alphahunter] 09/10/2017 23:46

Is this the case of high debt and dividend at risk?

[essentialinvestor] 09/10/2017 16:02

Hi Phil, just noticed as looking at MARS, not brave enough to buy
ahead of tomorrow's update. Have to be honest and say I thought under £5 (if it did come) would be 2018.


Edit, bought a very small amount of MARS just before the close.

[philanderer] 09/10/2017 15:59

EI , looks like your sub 500p call is imminent.

MARS falling away as well, trading statement there tomorrow from memory.

[philanderer] 05/10/2017 16:14

Almost a full house today , just cigs and GNK going the wrong way.

[essentialinvestor] 05/10/2017 12:50

What may be nasty imv are some sector debt levels with
margins now under pressure.

The share price starting with a £4 would no longer surprise me,

[philanderer] 04/10/2017 17:27

A few lines from Berenberg's reasoning...


'Pub-picking Berenberg upgrades Wetherspoons, downgrades Greene King, Marston's '

...Berenberg moved Greene King on to 'sell', even though shares have declined 15% since 8 September: "With LFL growth likely to remain under pressure, margins declining, and leverage set to remain stubbornly high, we see few reasons to own the shares."

[jeffian] 04/10/2017 14:52

If MARS cut the dividend again, you can wave goodbye to the share price forever. The City haven't forgiven them for last time yet.

The point of a divi, assuming it is affordable, is that it gives shareholders a reason to hold through bad times as well as good. A recent example is VNET, which supplies the beer monitoring equipment to GKN, MARS and many others, who maintained their barely-covered dividend through the period of upheaval in the pub industry and have restructured themselves into an integrated information-monitoring platform managing smart machines, dealing with contactless payment etc. Shares now recovering strongly and it hasn't hurt to receive a 6% yield while waiting.

Bearing in mind that most fund managers would be thrilled to achieve 5-7% compound growth, a good divi achieves that without worrying about the share price. A share which is going nowhere and doesn't pay a divi isn't worth holding.