Greene King Share Discussion Threads

[philanderer] 25/7/2018 13:22

Falling again today on the read-across from MARS' trading update

[ignoble] 24/7/2018 14:10

And a good pint of their IPA is as good
as any
Imho

[andrewbaker] 24/7/2018 13:47

Sometimes a decent business gets pilloried for things not being right, when in fact they are getting better, and a nice dividend keeps one warm whilst that's happening. I've thought about unloading some, but there's a nice dividend coming along, the price has already dropped way under fair value - IMHO - and as long as we keep eating, drinking, and staying overnight away from home, then surely the only way is up?! Brexit will do a lot of bad things, and making people cut back on foreign holidays will likely be one: so a decent UK business there to take up the the extra business from people staying in the UK, will be most welcome. With a longer term view, which I have, I'm staying in, and maybe will add when recovery is more evident.

[jeffian] 21/7/2018 22:32

If GNK cut their dividend, I will eat my pants on Parliament Hill.

[patdavey] 21/7/2018 10:23

Pay wall Phil. This link was OK for me though: ft.com/content/d1cd4050-8b55-11e8-affd-da9960227309

[philanderer] 21/7/2018 09:36

Greene King’s acquisition hangover entails a dividend cut

[philanderer] 18/7/2018 23:49

But all's well with the world after several pints of guinness and watching a brilliant dancer doing an amazing irish barrel dance in County Mayo tonight 😀😀😀👍7996;

[philanderer] 18/7/2018 16:30

Oh dear, is that chart pointing all the way back to 460p 😳😳

[the deacon] 18/7/2018 07:35

Brewer and pub operator Greene King's share price dived as much as six per cent as it came under stiff criticism from analysts for being a "value trap", several weeks after the firm published bleak profit results.In a note from Berenberg bank, analysts warned that Greene King's management's debt refinancing "appears to be destroying shareholder value in order to flatter the P&L (profit and loss)", forecasting that profits are "likely to go backwards again" later this year.Recent boosts in the pub trade from the summer weather, the royal wedding and the England football team's World Cup success "may be as good as it gets" for the FTSE 250 this financial year, with analysts at the bank reckoning that underlying trading at the group "remains poor".The news follows on from last week's announcement by Suffolk-based Greene King that 100 jobs would be cut because of "considerable cost pressures", affecting office teams in Bury St Edmunds and Burton upon Trent.Last month shares in Greene King took a hit of more than 10 per cent as the firm suffered its first decline in annual profits for almost a decade, with profit before tax in the year up to April tanking 11.2 per cent despite a recent returns to like-for-like sales growth.

[philanderer] 17/7/2018 22:56

Telegraph market report

Market report: Greene King unsteady on its feet amid worries over debt terms<>

[dmore2] 17/7/2018 16:29

crazy down day

LONDON (Alliance News) - Greene King PLC on Tuesday said Dimensional Fund Advisors LP now holds a 5.0% interest in the brewer after a transaction on Friday.

It did not give Dimensional Fund's stake prior to the deal.

Shares in Greene King were trading 5.1% lower on Tuesday at 539.20 pence each.

By Evelina Grecenko; [e-mail]

Copyright 2018 Alliance News Limited. All Rights Reserved.

[gorse] 17/7/2018 13:59

Having observed stimulus to beer drinking in this hot weather, and that the weather has been particularly good in the South and East, decided to top up on a day when the price is well down. Xd for 24..4p coming on 2 August.

[philanderer] 17/7/2018 09:32

So just how do Berenberg know trading remains poor ?

[poolies3] 17/7/2018 09:29

Love to know if they had a buy recommendation on GNK they would have risen to the same extent

[philanderer] 17/7/2018 09:24

Thanks TD, Berenberg must have a lot of followers. 🙄🙄

They've had a 'Sell' with a 430p target on GNK for a while now

[the deacon] 17/7/2018 09:21

Greene King is a value trap, says BerenbergIt says sell the shares as trading remains poor, profit likely to go backwards again in current financial yearManagement's debt refinancing appears to be destroying shareholder value in order to flatter P&L

[philanderer] 17/7/2018 09:16

Well this is all very disappointing. ☹☹☹;☹

[eeza] 17/7/2018 09:13

Must be a new Broker downgrade?

[philanderer] 11/7/2018 08:44

Indeed :-)


Trading statement this morning..

Pub operator JD Wetherspoon said like-for-like sales rose 5.2% in the 10 weeks to July 8, with total sales up 5.6%. In the year to date - 49 weeks to July 8 - like-for-like sales increased by 5.2% and total sales by 4.2%.

"As in the current year, we anticipate considerable cost increases next year, in areas including business rates, the sugar tax, utility taxes and wages. In addition, as a result of an increase in our "swaps", our interest rates will rise by around GBP7 million," said Chairman Tim Martin.

[jeffian] 09/7/2018 14:12

Well you must have enjoyed it, Phil - still seeing double!

[philanderer] 09/7/2018 14:09

Palmers Arms in Dorney very busy yesterday lunchtime 🌞🍻

[philanderer] 09/7/2018 14:09

Palmers Arms in Dorney very busy yesterday lunchtime 🌞🍻

[tymedici] 09/7/2018 13:05

Noted Jeffian.
I visited a Greene-King pub last Thursday (the Alexandra, Wimbledon) and I was impressed with the busy staff and the large number of customers. Frankly, I find it difficult to comprehend why all pubs are not doing very well in the current climate. If the weather stays very warm and tills will be busy, with or without the added bonus of World Cup football which will finish shortly and probably isn't to everyone's taste anyway.