Greene King Share Discussion Threads

[jeffian] 23/11/2018 11:54

What's the point?!

8-)

[philanderer] 23/11/2018 10:05

Greene King introduces low-alcohol Old Speckled Hen

[the deacon] 21/11/2018 10:06

Didn't think MARS was particularly bad. Nothing standout, but nothing really alarming

[philanderer] 21/11/2018 09:03

MARS plodding along.

[jeffian] 19/11/2018 19:04

#1631, see #1628.

[the deacon] 19/11/2018 18:37

https://www.thetimes.co.uk/article/ian-cowie-theres-no-kickingout-time-so-nurse-your-pint-and-wait-for-happy-hour-v26n70lgm

[buywell3] 18/11/2018 20:26

buywell3 - 21 Nov 2017 - 17:07:19 - 1144 of 1287 Greene King - GNK
Sub 500p chartwise now on

Others in this sector are taking market share away

[waspfactory] 15/11/2018 07:45

Thanks for that The Deacon, very encouraging, surely the impact of the good weather must cross over to at least some of GNK's 1900 pubs. Announcement of interim results - 29 November 2018

[the deacon] 15/11/2018 07:40

Youngs results: (Langton)• Young's has reported revenue up 8.8% to £156.8m as well as a rise of 4.7% in adjusted EBITDA to £40.4m, in its half year results ended 1 October. The group stated that the hot weather has led to a 5.2% climb in LfL sales across its managed estate and up 4.8% in its tenanted pubs. Chief Executive of the group Patrick Dardis commented: 'Propelled by the hottest English summer on record, our beautiful riverside locations, stunning gardens and growing number of roof terraces helped to deliver 5.2% like-for-like sales growth in our managed houses, continuing our trend of exceptional summer performances with average like-for-like sales growth of 5.6% over the past seven years'.• Remarking on current trading Young's continued with: 'we've started the second half of the year well; total sales in the past six weeks are up 7.2% and up 3.9% on a like-for-like basis'.

[philanderer] 13/11/2018 00:27

'Greene King flies away with top industry award'

[ignoble] 08/11/2018 19:18

My rather dated Spoons had 23 people in at 11.00 a.m. ....
Another breakfast for me ....seems very popular
Greene King IPA still £1.85
Later in the day paid £4.20 for a pint of similar.
Even if Spoons add 50p to a pint , still amazing value

[essentialinvestor] 08/11/2018 18:47

JDW is a cash generation machine, they arguably have leeway for price
increases whilst maintaining their industry leading low cost advantage.
If you look at a 3 year chart of GNK or MARS v JDW, it's an astounding difference.
Question is, are JDW at the beginning of a downgrade cycle.

[thorpematt] 07/11/2018 20:34

Yes valuations for JDW are very nuch based upon a growth profile. A fPEG of above 16 and recent rising forecasts coupled with a chart that shows all time highs. Any bad news (or even NOT great news) tends to cause such stocks to fall.

GNK is almost the antithesis: Its market valuation is based on low expectations for growth and indifferent forward-broker views with forecasts trends being broadly unchanged. A fPEG of LESS than 8 is present. Its chart tells the story of a 5 year low.

JDW reported tough comparitives. Again this is really saying that the growth profile moving forward is not sustainable...GNK's valuation is not based on such a profile...so they reported "on track thanks".

I perceive GNK as a little more defensive against rising wage cost, simply because its model is less based upon sellling at a cheap price (raising prices is riskier for budget players).

Frankly I think both busineses will continue to trade fine for the foreseeable but I personally feel that the market view of JDW was over-optomistic and the GNK one overly-pessimisitc.

Importantly JDW divi (not raised for as long as I can recall) is a miserly 1%. GNK close to 7%. Personally I see little to stop a fall in the JDW stock price but much to support GNKs.

Probably a nice pair trade!

[waspfactory] 07/11/2018 14:20

Rooney Anand said “the business is performing in line with our expectations and ahead of the market”, adding “the time is now right for me to hand over the baton.”

[skinny] 07/11/2018 13:31

Worth a read :-

[the deacon] 07/11/2018 13:21

Langton's comments re JDW this morning - final point:*JDW remains a good company but it is not currently cheap. It looks as though forecasts are going to come down.Suppose the difference is that GNK, MARS etc more or less have the end of the world priced in, and are cheap..

[chc15] 07/11/2018 12:40

Capital group selling down not helping either.

[eeza] 07/11/2018 12:18

Yes, MARS also hit.

[philanderer] 07/11/2018 12:02

Ah , looks like a read across from the JDW trading statement ... JDW -10%

[philanderer] 07/11/2018 11:58

Jeeez what now ?? Big holder unloading maybe ?

[the deacon] 06/11/2018 16:54

https://www.ft.com/content/004c3726-e19e-11e8-a6e5-792428919cee

[ianian4] 06/11/2018 16:19

Jeffian. I totally agree with you, there are many things out of their control on a day to day, week to week or month to month basis, but we are in this to make a profit from share price fluctuations. He has grown the company in size but allowed the share price to plummet on his watch, consistently over the last 4 or so years.
I can only think that the initial share price dip this morning, on the news that he was leaving, was fear that he may change his mind before the ink was dry. Luckily the resignation was accepted immediately allowing the rebound.