Greene King Share Discussion Threads

[gabble ratchet] 22/8/2019 09:03

chortle : - )

[waspfactory] 22/8/2019 09:01

We're not lucky, we just didn't listen to you.

[chc15] 22/8/2019 08:55

Yes we know that, investment bankers are trying to flog off UK cos to foreign buyers atm, more to come I say..

[chc15] 22/8/2019 08:43

Yes lots of interesting rule 8 disclosures going on now, anyone trading that holds 1% has to disclose any trade now.. Alpine buying through cfds though..

[tabs75] 22/8/2019 08:18

Thanks! Do i need my certificates as i have no clue where they are 😖

[spud] 22/8/2019 08:17

See #1962 and replies. spud

[richsawko] 22/8/2019 08:16

Tabs75 you will be automatically paid off once the takeover is completed

[tabs75] 22/8/2019 08:15

Hi folks. Forgive me as i do not have a clue about shares! I have a small number of greene king shares that i inherited and lookkng for advice (without paying for it haha)! Do i have to do anything or am i automatically paid out in the event of a take over?

[spud] 22/8/2019 07:54

Interestingly, Alpine Associates increased their long position yesterday by 3.5m @ circa 840p, taking their total holdings to 5m. spud

[spud] 21/8/2019 14:33

Counter bid by Molson Coors? Canaccord seems to think there could be...



Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.

Shares of Greene King surged on Monday after the pub group agreed to be bought by a subsidiary of CK Asset Holdings, the flagship of the CK Hutchison Group, for 850.0p a share in cash - the broker's new target price.

Following the announcement, the Canadian broker took a fresh look at its numbers on Greene King, pointing out that the offer was at "a substantial premium" to its previous 670.0p share price target.

But Canaccord Genuity wondered if there was still a possible counter-bidder to be flushed out, noting that it had long held the view that the major asset-intense pub companies were potential targets for major brewers wishing to enter the UK market, with the most obvious bidder being Molson Coors.

"If any brewer is interested in extending its position in the UK market, they need to hurry up," said Canaccord

spud

[spud] 21/8/2019 10:44

2 reasons. 1. The Market doesn't currently believe that there will be a counter bid. 2. The MMs are taking advantage of those without the patience to wait for a better price/counterbid. As we get nearer to the completion of the deal, the price being offered will improve. spud

[samwn1] 21/8/2019 10:38

So why are these trading at ~840? If the market view was a possible counterbid it would surely be higher.

[spud] 21/8/2019 09:56

Ah, after the event! Knew it was too good to be true....spud

[waspfactory] 21/8/2019 09:26

All accurately predicting the target price after the bid :)

[spud] 21/8/2019 09:16

Now that is a rarity Phil - A gaggle of analysts actually making an accurate call...Blimey!spud

[philanderer] 21/8/2019 08:57

Almost consensus FWIW ;-)


21st aug RBC sector perform tp 850p
20th aug Shore Cap buy -
20th aug Liberum hold tp 850p
20th aug JP Morgan Caz neutral tp 850p
20th aug Canaccord hold tp 850p

19th aug ++++ Bid ++++

[spud] 21/8/2019 08:34

Almost worth buying more at this price! 10p on the turn. Naughty greedy MMs! spud

[hotfinance14] 20/8/2019 16:47

I agree.I don't see where the new potential owners seee the growth in the company.

[bend1pa] 20/8/2019 16:43

"November 2015 this was £10 a share". And seriously overvalued then as they still are now. Stagnant business, huge debt in a slowly dying market, with pubs closing down left right and centre over the past few years. We're dead lucky to get this price imo.

[chc15] 20/8/2019 14:42

Yeh what cheap shares can u suggest? , prob a good idea as we have to wait for the cash, q4 it says

[robizm] 20/8/2019 14:22

I sold half of mine this morning as there are s few cheap shares at the mo. My friends daughter works in one of the pubs and practically begged her to start the save as you earn share plan which she did in April. She will make over 4k profit

[spud] 20/8/2019 10:44

Thanks chaps - I thought as much. Currently in no rush to reinvest (Brexit ect) & the strong possibility of counter offers makes selling now more than a little daft. spud

[chc15] 20/8/2019 10:39

Yeh no charges or commission, just your holding x 8.50p. However u have to wait a few months maybe till this deal closes. In the meantime more bids may come in, who knows.