Greene King Share Discussion Threads

[whackford] 11/10/2019 09:14

It would be very helpful if GNK PR department set out the timetable of events, with concrete dates, in an RNS.

[whackford] 01/10/2019 09:12

Thanks Jeffian. I read it that there could be up to 14 days without tradable shares or cash.

[jeffian] 30/9/2019 10:11

whackford,

I gave you the link. It's on page 11.

"Suspension of trading in Greene King Shares...before markets open on D+2 Business Days


Cancellation of the listing of the Greene King Shares on the Official List and termination of the Greene King ADR programme....by 8.00 a.m. on D+2 Business Days"

The money will be paid out within 14 days.

[exon] 29/9/2019 23:52

My experience is, no gap.

[whackford] 29/9/2019 16:29

Jeffian yes thanks - I did note that. "The acquisition is expected to complete in 4Q" sounds vague to me. Will there be a gap when GNK shares are not tradable (i.e. removed from investors' nominee accounts) and the cash being received into those accounts? If so, how long will that gap be?

[jeffian] 29/9/2019 15:01

The timetable (included in the Scheme Document ) has to be couched in those terms because it depends on Regulatory approvals etc which are beyond their control.

What you do know for sure at this stage is that the Court hearing and company approvals are set for 9 October and GNK have "guided" investors -
"The Acquisition is currently expected to complete in the fourth quarter of 2019, subject to approval of Greene King Shareholders and CKA Shareholders and receipt of the required decision(s) from the European Commission and the sanction of the Scheme by the Court."

[whackford] 29/9/2019 09:24

Zeppo, yes that's what matters. That date is not definite from reading the announcements since it depends on a variable date "D". It would be useful if the company guided investors on likely payout day and, importantly, if there is likely to be a gap between when shares are taken off the market and cash received since this is a lost transfer timespan when the market might be down.

[zeppo] 27/9/2019 19:35

When do we get the payout?

[chc15] 27/9/2019 18:17

Why didn't u wait, and get 850 no dealing costs? Or is it too long to hold on for..

[spud] 27/9/2019 14:28

Finally disposed of my holding. It's been a joyous ride and I still never received my free pint from wasp man...

Last one out, switch off the lights please.

spud

[hugh garss] 24/9/2019 11:24

It might be healthy however, in your case, it's clearly not good for your soul.

[buywell3] 24/9/2019 09:59

Nothing wrong with raw fish

Very healthy and the Japanese and Koreans would agree


British breweries also now suffering





More than 25% of UK pubs have closed since 2001
The Guardian-26 Nov 2018
More than a quarter of Britain's pubs have closed their doors



More than 50% closed here

[spud] 24/9/2019 09:50

He's Golum. A sad lonely individual residing in a cold dank cave eating raw fish. He's incapable of positively, choosing instead to trawl threads where stocks have had a down day, pontificating his holier than thou mentality. I bet he lives in his rented cave with barely a halfpenny to his name. spud

[waspfactory] 24/9/2019 09:40

A very poor post Buywell, even by your standards. Just try to be pleased for other people, it might make you feel better about yourself.

[gabble ratchet] 24/9/2019 09:11

Nice bit of schadenfreude, thanks for that pal.

[jeffian] 24/9/2019 09:09

Oh, for goodness' sake!

[buywell3] 24/9/2019 09:05

To the prospective buyer:

I suggest you read the following because the Pubs & bars sector now has the 3rd highest rate of closures in the UK

If GNK is thought of as a Restaurant business then that is even worse as it is in the 2nd worse sector of High street closures in the UK


In short in the UK the british pub is now a dead duck . History , a dying institution .

The rate of closures for pubs is running at around 18 a week and has been for several years , in many towns they remain unsold and/or not leased ie empty and not trading.

Supermarkets are to blame as very cheap cider, wines , beers and lagers can be purchased very cheaply to be drunk at home. Also drink driving crackdowns has kept car drivers drinking at home rather than losing their licence.

read this recent UK article

The UK High Street is becoming a dead place , numbers of people going into towns to shop are crashing.

People are buying on-line

Supermarkets are delivering to the homes of the people ordering now some for free

Amazon is going to speed up home free deliveries even more .



All IMO

dyor

[libertine] 17/9/2019 10:19

Here is the Scheme Document with anticipated timetable.

[zeppo] 17/9/2019 09:34

A document purporting to come from Greene King came into my Junk Mail today.

I left it and looked at LSE's RNS site for Greene King. There were about a dozen RNSs recently.

As a shareholder with a small holding on certificate do I just wait for hard copy documents?

[libertine] 17/9/2019 07:32

Yes, you need to read the Scheme Document issued yesterday

[danbfc] 17/9/2019 07:06

Is there a timetable of key dates of this proposed sale? Wondering whether to cash in.

[chc15] 16/9/2019 17:28

Suppose so, anyone can still bid yet though, but not hopeful. Divi reinvested today as well.

[spud] 16/9/2019 15:10

All done bar the shouting - No counter. spud

[buywell3] 06/9/2019 08:49

Have you seen how many pubs around the UK are closing down and up for sale ?

2019 and UK pubs are still closing at a rate of 14 a week

And many remain unsold

Brewers need a helping hand to save great British pub
shropshirestar.com-30 Aug 2019
Brewers need a helping hand to save great British pub, beer sales fell by 24 per cent, 5,000 pubs closed, and 58,000 jobs were lost


IMO the buyer might walk if he can

dyor

[chc15] 06/9/2019 08:38

Lol they have not overpaid, they want the property portfolio, which is undervalued.