Greene King Share Discussion Threads

[essentialinvestor] 20/9/2018 20:16

Ian, I'm sure you've forgotten more about MAB then I will ever know,
it's only on a longer term watchlist for me, not holding atm.

[jeffian] 20/9/2018 19:44

"MAB putting the longer term financial health of the business first"

EI, that's a laugh. That's MAB which wrecked the finest pub estate in the country (Bass) by entering the most ludicrous SWAP arrangement ever causing such damage to the balance sheet that it has never recovered, is it? As opposed to GNK which traded through 2008/9 with only a hiccup and has an unbroken - and well-covered - dividend stretching back as far as the eye can see? Oh aye, I bet MAB shareholders are thrilled.

[essentialinvestor] 20/9/2018 18:44

Interesting that MAB appear less focussed on their dividend
than GNK or MARS. MAB putting the longer term financial health of the business first?.

[yf23_1] 20/9/2018 17:44

Doesn't ADVFN scan for that or just not capitals ?

[jeffian] 20/9/2018 17:36

yf23,

If you replaced 'tt' with 'TT' in your post, it would form a link.

[yf23_1] 20/9/2018 17:34

..just below the 490 gap up base I suppose.

[yf23_1] 20/9/2018 17:30

Check out this pic...(replace xx with tt)

hxxp://stockcharts.com/h-sc/ui?s=CMG&;p=D&yr=0&mn=6&dy=0&id=p42585639797&a=390446629"

Its supposed to gap down again on a reversal.

[essentialinvestor] 20/9/2018 17:29

yf, where would that take the share price down to?, Thanks.

[yf23_1] 20/9/2018 17:27

Chart pattern very similar to falling 3 methods...

hxxp://www.candlestickchart.com/indicators/2213.html

We're still in a possible island reversal too.

..don't blame me I just look for patterns.

[jackdaw4243] 20/9/2018 16:47

Tipped by IC that should be kiss of death.

[waspfactory] 13/9/2018 17:09

“Brexit bonus” Andrew, please expound. From where I’m sitting, it’s going to be such an unmitigated disaster that I suppose it will drive more people to drink, which I guess will be good for GNK. That’s the only bonus that I can imagine.

[jeffian] 13/9/2018 17:02

Sounds like a character from 'Lord of the Rings'.

[yf23_1] 13/9/2018 16:30

Bearish engulfing.

[philanderer] 12/9/2018 17:34

Funny old day 😊

[philanderer] 12/9/2018 17:34

Funny old day 😊

[andrewbaker] 12/9/2018 09:47

Further to my post 1526, GNK is in a business where people will always spend: eating, drinking, sleeping are all essentials, and the alcohol in all of these is a puller, regardless of green, ethical, health or other considerations. They've made errors as a business, causing recent share price problems, but longer and long term, they are around to stay: more than can be said for many other businesses today, especially high street and other retail, where the internet is causing problems. Nice covered divi, in a sound business, and a loyal customer base: good recovery play, excellent, in fact; IMHO. And a Brexit bonus to come, too. :)

[cc2014] 12/9/2018 09:42

I can't make head nor tail of it. The rise is too much for that upgrade but on the other hand I don't know why the share price was 500-510 to start with. That felt too low.

The buying looks like someone wants in at any price but actually the volume is not that high.

I wonder whether some of the shorters have decided it's time to close out. The economic data has been very good this week and apart from Brexit why would the share price of the Brewers be so low.

I also note that relationship between changes in the exchange rate and stock movements has broken down somewhat in the last two weeks suggesting to me portfolio reorganisation is going on.

I dunno really. It just feels like a correction to me.

Or perhaps if I'm cynical I note the brokers have stopped downgrading stuff and starting upgrading. I assume their client have loaded up over the last two months and now it's time to make money between now and Christmas?

[philanderer] 12/9/2018 09:09

12th sept Morgan Stanley overweight tp 660p up from 640p

edit:

today's jump surely not down to just that MS target ?

[philanderer] 11/9/2018 18:01

They all look like Bart Simpson's haircut to me 😊

[yf23_1] 11/9/2018 17:08

TA: is it a flag or an island of despair ?

[ignoble] 11/9/2018 10:54

Local Wetherspoon selling Green King IPA at £1.99 per pint

Appeared to be selling quite well

[philanderer] 11/9/2018 10:08

JP Morgan reiterated its 'underweight' rating and 475p target price on Greene King.

[philanderer] 08/9/2018 00:17

wasp , very poor week across the board . 5/20 up for me today and fortunately my FTSE100 short helping limit the damage to a certain extent over the last few days.
Still -1% for 2018 though.

Fingers crossed for a better four months ;-)