Greene King Share Discussion Threads

[zicopele] 09/1/2019 07:53

Took some kid five minutes to write that IC note.

But still..I will take it.

[philanderer] 09/1/2019 00:21

Investors Chronicle:


It was a good Christmas for pub group Greene King (GNK), which reported a 3.2 per cent improvement in like-for-like sales over the 36 weeks ended 6 January 2019 - representing growth ahead of the market. Like-for-like sales during the last two weeks, including Christmas and the New Year, were up 10.9 per cent, with record Christmas day sales of £7.7m.

The group’s cost cutting programme also continues, with the intention to relieve some of the expected £10m-£20m input cost inflation this year. We remain buyers.

[philanderer] 08/1/2019 13:35

Russ Mould, investment director at AJ Bell, said: "It’s about time that Greene King served up a decent trading update, having disappointed on several occasions over the past year or two.

"Sales growth has accelerated in its managed pubs division over the past six weeks, helped by a good Christmas period. However, it is worth noting that the pub company had easy year-on-year comparative figures to beat. A year ago trading was hit by snow so mild weather this time round will have worked in Greene King’s favour.

"Chief executive Rooney Anand is now into his final run before stepping down in April. His successor will inherit a business which is ripe for shaking up, through such actions as selling assets, streamlining some of the brands and tidying up the estate to focus on the more profitable sites.

"As it stands, analysts don’t expect the business to grow pre-tax profit until the year ending April 2021.

"Despite positive factors in the latest trading update, Greene King looks like it is stuck in the mud in a sector that is at the mercy of fragile consumer spending. It will be hoping that Brexit doesn’t cause any major economic setbacks in the UK and that consumers don’t tighten their purse strings on discretionary spending."

[philanderer] 08/1/2019 13:23

Market report:

Greene King advanced 4.5% after a strong trading performance over the festive period.

For the 36 weeks to January 6, the FTSE 250 constituent reported like-for-like sales up 3.2%. Just in the two weeks covering Christmas and the New Year, Greene King said like-for-like sales climbed 11%, tills ringing to the tune of GBP7.7 million on Christmas day alone.

Nicholas Hyett, equity analyst at Hargreaves Lansdown, commented: "It's worth noting that cost inflation means profit growth may not keep pace with sales this year, despite Rooney Anand's corporate self-help measures, and the group's tenanted estate has seen profit shrink year to date. Nonetheless these are certainly healthy numbers from the pub group, and will leave investors breathing a sigh of relief."


Alliance News

[philanderer] 08/1/2019 10:12

Oops late on parade today , can't seem to get my sorry @rse out of bed in the winter :-)


8th jan Peel Hunt buy
8th jan Shore Cap buy

[waspfactory] 08/1/2019 10:04

A good solid performance from GNK. Revolution Bars RBG reporting next Monday, hopefully they'll follow suit as the whole sector seems to have had a good Xmas. Mine's a pint of Abbot. Cheers.

[skinny] 08/1/2019 07:22

Trading statement for the 36 weeks to 6th January 2019

After 36 weeks of our financial year, Pub Company like-for-like (LFL) sales were up 3.2% following strong trading over the Christmas period as we continue to trade ahead of the market1. LFL sales in the last two weeks, covering Christmas and the New Year, were up 10.9% and we achieved record Christmas day sales of £7.7m. All sales categories saw LFL sales growth over the last six weeks with our Greene King branded Local Pubs driving strong drink sales growth. Last year's additional investment in Value, Service and Quality continues to underpin our performance.

Pub Partners LFL net profit was down approximately 1% while total beer volumes in Brewing & Brands were up 1.8% and own-brewed volumes were down 2.3%.

Our cost mitigation programme is on track to limit net cost inflation to £10-20m in the year while we made further progress on our estate optimisation programme, remaining on course to dispose of 100-110 pubs and open around nine new pubs in the financial year.

Following the announcement in December of an open tender process on the remaining Spirit bonds, as part of our ongoing debt refinancing programme, we have bought back £62m of the Spirit A5 bonds to date.

While the ongoing uncertainty around Brexit may still have an impact on consumer confidence and spending during the year, we remain confident of our outlook for the financial year. We remain focused on our strategic priorities of driving profitable sales growth, developing a more streamlined and efficient organisation, and further strengthening and improving the flexibility of our capital structure to deliver long-term value for our shareholders.

1. Coffer Peach Business Tracker

[capercaillie] 08/1/2019 07:07

Christmas Day 2017 GBP7.6m comparator. Just up.

[dmore2] 08/1/2019 07:04

Very good

sales were up 3.2% following strong trading over the Christmas period as we continue to trade ahead of the market(1) . LFL sales in the last two weeks, covering Christmas and the New Year, were up 10.9% and we achieved record Christmas day sales of GBP7.7m

[philanderer] 07/1/2019 17:33

Fingers crossed for the morning :-)

[philanderer] 06/1/2019 00:17

MIDAS SHARE TIPS: If you fancy a taste of brewery shares, then raise a glass to Greene King

[the deacon] 04/1/2019 09:08

Yeah saw the announcement. Fingers crossed for plenty of positivity!

[philanderer] 04/1/2019 08:57

Trading update next tuesday .

[the deacon] 04/1/2019 08:22

Nice start this AM

[philanderer] 03/1/2019 19:35

Suffolk brewer launches low alcohol version of popular Old Speckled Hen beer






Greene King orders more customised drays from Ryder

[philanderer] 31/12/2018 08:24

Happy New Year to everyone. 😀👍🏼

[waspfactory] 28/12/2018 07:08

Good luck Gym, and thanks from me to you all for the information re vouchers, HSBC are not passing them on - I'll be having words! Goodness knows what we're in for next year, however let's keep propping up the bar and I wish you all a very happy and healthy New Year.

[gym junkie] 24/12/2018 20:57

Thank you all for the info. I will be using the coins from the Christmas pudding this year to buy myself the required number of shares. Hopefully I will then get the vouchers in time for the summer when I enjoy the locals beer garden. Have a wonderful Christmas all

[libertine] 24/12/2018 11:28

Vouchers give 25% discount on either food & drinks or drinks alone. Max £1500 discount per year. One voucher per month but voucher code can be used 5 times during that month.
Need to hold 100 shares on 31st July each year.
Held in own name vouchers will come direct.
Held in Nominee contact them to receive vouchers.

[gary1966] 24/12/2018 11:21

gym junkie,

From a response I had from HL on this subject I believe around July/August time.

Happy Xmas and New Year all and hopefully you will all be spending it down your local Greene King pub.

[waspfactory] 24/12/2018 10:45

gym - I've been a holder of GNK for many years and I've never been sent a voucher book.

[gym junkie] 17/12/2018 18:42

Hi all, quick question. My local is a green king which I visit weekly. Thinking of buying a few as note there is shareholders perk of voucher book. When do they send the voucher book out? Thanks

[philanderer] 17/12/2018 10:18

Morning guys , would have liked to but was on a very tight reign this weekend.. highlight was Checkov's 'Uncle Vanya' - a cup of earl grey and a bun ;-)


update:

HSBC raises target to 560p from 500p 'hold'