Share Name Share Symbol Market Type Share ISIN Share Description
Greene King LSE:GNK London Ordinary Share GB00B0HZP136 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.00p -1.23% 481.10p 152,036 12:13:13
Bid Price Offer Price High Price Low Price Open Price
481.10p 481.60p 486.90p 476.70p 482.30p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2,176.70 197.50 52.40 9.2 1,491.4

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Date Time Title Posts
22/10/201814:24Greene King1,596
28/6/201807:32Leisure day...1

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Greene King Daily Update: Greene King is listed in the Travel & Leisure sector of the London Stock Exchange with ticker GNK. The last closing price for Greene King was 487.10p.
Greene King has a 4 week average price of 473.60p and a 12 week average price of 466.90p.
The 1 year high share price is 652.20p while the 1 year low share price is currently 454p.
There are currently 309,992,831 shares in issue and the average daily traded volume is 800,097 shares. The market capitalisation of Greene King is £1,491,375,509.94.
andrewbaker: Further to my post 1526, GNK is in a business where people will always spend: eating, drinking, sleeping are all essentials, and the alcohol in all of these is a puller, regardless of green, ethical, health or other considerations. They've made errors as a business, causing recent share price problems, but longer and long term, they are around to stay: more than can be said for many other businesses today, especially high street and other retail, where the internet is causing problems. Nice covered divi, in a sound business, and a loyal customer base: good recovery play, excellent, in fact; IMHO. And a Brexit bonus to come, too. :)
cc2014: I can't make head nor tail of it. The rise is too much for that upgrade but on the other hand I don't know why the share price was 500-510 to start with. That felt too low. The buying looks like someone wants in at any price but actually the volume is not that high. I wonder whether some of the shorters have decided it's time to close out. The economic data has been very good this week and apart from Brexit why would the share price of the Brewers be so low. I also note that relationship between changes in the exchange rate and stock movements has broken down somewhat in the last two weeks suggesting to me portfolio reorganisation is going on. I dunno really. It just feels like a correction to me. Or perhaps if I'm cynical I note the brokers have stopped downgrading stuff and starting upgrading. I assume their client have loaded up over the last two months and now it's time to make money between now and Christmas?
andrewbaker: Well ... my decision to hold may slowly be being shown to be right. As I commented a while back, the divi helps go through periods of poor performance in share price; and I repeat that Brexit will, IMHO, keep more leisure money in the UK, where businesses such as GNK stand to benefit.
the deacon: Brewer and pub operator Greene King's share price dived as much as six per cent as it came under stiff criticism from analysts for being a "value trap", several weeks after the firm published bleak profit results.In a note from Berenberg bank, analysts warned that Greene King's management's debt refinancing "appears to be destroying shareholder value in order to flatter the P&L (profit and loss)", forecasting that profits are "likely to go backwards again" later this year.Recent boosts in the pub trade from the summer weather, the royal wedding and the England football team's World Cup success "may be as good as it gets" for the FTSE 250 this financial year, with analysts at the bank reckoning that underlying trading at the group "remains poor".The news follows on from last week's announcement by Suffolk-based Greene King that 100 jobs would be cut because of "considerable cost pressures", affecting office teams in Bury St Edmunds and Burton upon Trent.Last month shares in Greene King took a hit of more than 10 per cent as the firm suffered its first decline in annual profits for almost a decade, with profit before tax in the year up to April tanking 11.2 per cent despite a recent returns to like-for-like sales growth.
ianian4: Jeffian. I accept that maybe, the markets should not react to the good weather, but they reacted to the updates regarding the adverse weather. That had an effect on the bottom line, possibly temporary, and share price, so likewise if the good weather and football etc has a temporary effect on profits, , then that should have a positive effect on the share price. However, we cannot overlook the fact that this share price in virtually controlled by people in the know with plenty of money to short at will.
philanderer: Investors Chronicle: 'Mr Bearbull' ... "...In Greene King’s case, the figures work out decently. It requires considerable pessimism to get valuations below the current share price while it’s easy to get estimates clear of £10 per share. For estimates to come in between £7 and £8, the group’s bosses don’t have to do anything that special – trim a bit of capex here, squeeze a bit of working capital there. Okay, in practice it’s not that easy; why would it be in an industry as constrained for growth as operating pubs? Even so, with the dividend payout looking under no particular pressure, I feel assured that buying shares in Greene King won’t be using spare cash to burn a hole in the Bearbull Income Portfolio’s pocket (see Bearbull, 11 May 2018). So half of the fund’s £40,000 in cash has now found a home. HTTPS://
ianian4: This is what I quoted two days back on Marstons thread. "Conflicting reports on GNK in the Telegraph and the Times, Buy and avoid, take your pick. All the bad news has already been factored into the share price. This is just money making by those in the know, match the buys and drive the price down and sell when it gets back to where it started making a few bucks on the way." Just shows you, two experts/economists in a room, could not agree how to get out. Glad I never took advice from Times, avoid, possibly in pockets of shorters. Glad to see they are getting their fingers burned. Will be interesting to see what has happened on short tracker in a few days time. Surprised it has gone quite this high and expected a drop back, sold too early as usual put made a killing following massive top up yesterday. Still holding about half and will see where it goes. I think Marston will be next. GLA.
cc2014: My issue is the following and I have the same issue across lots of stocks. Lots of stocks like GNK with a fair amount of debt have been sold off for the last year. However,I perceive the rate of increase in interest rates will be faster than the market expects. The market's view of this has changed too over the last 6 months and whilst they now see interest rates rising faster than before, the gap between my perception and their perception is not changing. As they adjust to my perception (lol), this should drive the share price even lower. I also believe the consumer is in a better place than the market thinks and companies like GNK will deliver more profit than expected, which will be greater than the additional interest costs. The market disagrees. So, in conclusion I think the share price will go lower yet, based on bad analysis by the "market" and the P/E and dividend yield will get even more stupid. Until such time as the market's perceptions change, the market is currently "risk off" I find this really really challenging as timing the bottom is a problem and I don't want to wake up one today to find the market has gapped up 10% overnight on all these stocks with "manageable large debt" and miss some great opportunities.
walbrock82: Looking through Greene King the second time around, here are the following important points shareholders and new investors should take to heart: Starting with the good points -The stock is 20%-30% undervalued based on a range of valuation metrics, which takes into account the latest trading update. -Despite, rising total borrowings to £2.5bn. On a per-share basis, debt fell from £14 in 2005 to £8 today. Meanwhile, the share price is down from £6.50 to £5.50. Making the stock an undervalue investment play. -Greene King controls £3.2bn of freehold properties. If you minus the net borrowings, the excess properties are around £1.1bn or 64% of market capitalisation. Now, onto the bad points -Commercial properties prices have continued to struggle and despite two years of growth, it remains below levels last seen in 2000. That’s because of the interest in online shopping and the closures of bricks and mortar stores. -Their brewing ale brands division is facing growing competition as profit margin fell from 20% to 15% in a decade. Putting it all together. Share price forecast On the technical charts, the sentiment is seriously negative. The indicators are making lower lows in the RSI and MACD. This could send the shares falling towards £5. But that represents immediate value, as long as earnings don’t collapse (30% or more). Personally, I’m pencilling in a fall of 10% in adjusted earnings. However, this time next year, shares in Greene King could rise to £6.50 per share. Given the historical performances of Greene King, this has a 70% chance of happening. But the key is to wait for another three months to see if the technical indicators change direction. Thanks for reading and make sure to comment on my blog post below, if you have specific questions. This is because the forums are very active and I don’t have the time to scroll through several pages. Although any answers I will re-post on the forum if it proves helpful to shareholders. My full post with charts and explanations:
walbrock82: Looking beyond today’s results, we note the following factors: - Since 2004 Revenue grew from £552m to £2,216.50m, an average growth of 11.3%. Net income rose from £52m to £151.7m. Net Cash profit rose from £68m to £299.2m. Total Assets rose from £1,254m to £5,598m, with total liabilities increased from £600.7m to £3,654m. However, EPS fell from 80.2 pence to 49 pence, thanks to increasing share count! Finally, dividends per share remain ROUGHLY unchanged during the period at 32 pence. This is despite dividends rising from £22m to £101m. On Greene King Cash Position Since 2014, Greene King includes a liquidity facility loan of £157.5m in cash and cash equivalent, that facility is REPAYABLE ON DEMAND. Therefore, it doesn’t belong in that category!! By excluding it, the cash balance is £285.5m. On Greene King Debt mountain Debt is high, but in relation to properties, it accounts for 65% of total properties. On Greene King, Operating Lease Since the acquisition of Spirit Pubs, Greene King total operating lease went from £26m to over £1,353m in a year. This will lead to higher rental costs for the future. On Greene King’s share price On balance, the company is fairly valued, given that it will experience some cost pressures. A credible entry point for the shares would be £6.20-£6.30 per share price if operational performance continues to improve. However, a financial crisis or an economic recession in the UK would be damaging to its share price. For detailed analysis, click
Greene King share price data is direct from the London Stock Exchange
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