Greene King Share Discussion Threads

[philanderer] 10/7/2019 09:23

Good numbers from JDW ... higher debt.

[spud] 30/6/2019 21:06

Don't buy then! I (and I'm sure the Company) won't lose any sleep..spud

[hsduk101] 30/6/2019 20:27

You mean the 4 seasons british weather ? yep im definitely buying these shares if its weather based ?

[philanderer] 30/6/2019 20:24

Great weather 🌞🍻

[hsduk101] 30/6/2019 20:13

Reading through the news reports on Greene King here, Profits up cos of a world cup year. So what happens when theres no world cup? Not the greatest confidence to make it a buy

[philanderer] 28/6/2019 00:45

'Pub chain Greene King planning to cash in on the growing demand for vegan meals'

[philanderer] 27/6/2019 22:01

Richard Hunter, head of markets at Interactive Investor, said: "Greene King is clearly being well-managed, with an aspirational strategy to be Britain’s best beer and pub company underpinned by careful financial management. The 14% hike in the share price over the last six months is a sign of progress, although over the last year the shares have given up 12%, as compared to a drop of 8% for the wider FTSE250 index."

[spud] 27/6/2019 13:35

And Numis have a pt of 550p!! Where do they dredge these 'analysts' up from??Not that I ever listen to their warblings. Spud

[philanderer] 27/6/2019 13:27

Morgan Stanley and Canaccord ( 'buy' tp 670p ) notes here..

[skinny] 27/6/2019 11:29

Liberum Capital Buy 599.20 790.00 Reiterates

Peel Hunt Buy 599.20 800.00 Reiterates

[philanderer] 27/6/2019 11:12

'Greene King sees small annual profit in World Cup year'

The UK's largest pub and brewery chain saw growth stunted by estate reduction, rising costs and lower production at two breweries.


hxxps://news.sky.com/story/greene-king-sees-small-annual-profit-in-world-cup-year-11749776

[philanderer] 27/6/2019 09:07

I see Berenberg called this one right ... said no one ever ;-)


Peel Hunt reiterates 'buy'

[waspfactory] 27/6/2019 09:02

ignoble - its encouraging to see that Brewing & Brands is up by 5.8% so maybe the Weatherspoon IPA drinkers are making a positive contribution.

[ignoble] 27/6/2019 08:09

Wonder how much Green King Beer is sold through Wetherspoons
Must be a fair few pints... On the odd occasion that I have ventured into Spoons, a lot of people drink the Green King Beer
IPA at under £2 per pint, hardly surprising

[spud] 27/6/2019 07:44

A steady set of results & good to see the dividend maintained. The question is, will the share price respond accordingly after the recent pullback.spud

[waspfactory] 27/6/2019 07:31

No Dividend cut :)

Highlights include:

• Pub Company like-for-like (LFL) sales ahead of the market at +2.9%, driven by effective investments in value, service and quality (VSQ), our four core brand focus and boosted by the good weather and successful World Cup
• Further improvements made in TripAdvisor and Net Promoter Scores (NPS)
• Pub Company operating margin flat year on year at 15.2%
• Pub Partners LFL net income +1.5% and LFL net profit -0.3%; Brewing & Brands revenue up 5.8%
• £35m mitigation achieved, limiting cost inflation to £14m; adjusted profit before tax1,2 +1.6% to £246.9m"

[waspfactory] 25/6/2019 11:00

Drinks are on me when we hit 650p spud

[spud] 25/6/2019 10:49

Your round..spud

[waspfactory] 25/6/2019 10:39

Back in at 581p, feels good to be propping up the bar again.

[philanderer] 21/6/2019 16:14

Prelims released next thursday.

[philanderer] 20/6/2019 17:52

JDW keeps hitting new highs :-S


Young drinkers lead the trend for alcohol-free beer

[spud] 19/6/2019 10:07

Taken a few more at 600p. Looks a safe and steady dividend payer with potential for capital growth. spud

[philanderer] 19/6/2019 10:03

Numis: Greene King needs to cut cost


Greene King (GNK) needs to make cost savings but Numis believes the pub group will avoid a dividend cut in its results later this month.

Analyst Tim Barrett retained his ‘reduce’ recommendation and target price of 550p on the stock ahead of full-year results on 27 June, the first under new chief executive Nick Mackenzie. The shares dipped 3p to 604.2p yesterday.

‘We see an opportunity for added impetus to cost savings – necessitated by the highly inflationary cost environment – and possibly more active management of Greene King’s wide portfolio of assets,’ he said.

‘We believe the risk of negative earnings momentum persists but an immediate dividend cut is unlikely, even if the cash cover of 1.4 times leaves little headroom for additional capital expenditure.’

[rochdae] 17/6/2019 11:50

Thanks phil....

I continue to add a few on weakness...