Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

GREENE KING PLC (GNK)     

goldfinger - 19 Mar 2009 14:28

One of the better Drinks industry Investments/trades.

Certainly got Momentum in its favour and we have a bottom triangle/wedge formation breakout.

First resistance level at around 500p.



dyor

goldfinger - 19 Mar 2009 14:30 - 2 of 127

Two recent Broker Buy notes...

Greene King PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Oriel Securities
16-03-09 BUY 120.00 67.20 26.00 114.00 63.80 26.00

Singer Capital Markets Ltd
16-03-09 BUY 117.10 65.10 26.10 113.90 63.50 26.10

mitzy - 19 Mar 2009 18:40 - 3 of 127

good luck gf the only drinks share I hold is Punch and they are rock bottom.

dreamcatcher - 26 Nov 2011 16:07 - 4 of 127

Marston's and Greene King to represent what used to be called the beerage, in jocular reference to the preponderance of toffs in the board rooms of Britain's brewers. Both groups are expected to report that food sales continue to drive growth as the Great British boozer slowly mutates into a place where people eat as well as drink. Investment analysts will be keen to see how well Greene King's Capital purchase is doing - the experience of Young's and its purchase of Capital Pub facsimile Geronimo Inns suggests that the acquisition has been performing well - while as for Marston's, progress on the firm's schedule of purpose-built food-led outlets will be eagerly awaited

skinny - 01 Dec 2011 07:55 - 5 of 127

Interim results.

HIGHLIGHTS

Retail like-for-like sales growth of 4% and 10% operating profit growth

Food growth of 16%; strong sector outperformance

Average EBITDA per pub in Pub Partners up 3%

Brewing & Brands achieved 2% core brand own-brewed volume growth; profits up 4%

Strong cash generation supports interim dividend growth of over 6%

Current trading strong; Retail like-for-like sales +4% in last six weeks

dreamcatcher - 14 Jan 2012 09:19 - 6 of 127

Think of Christmas spirit, and many people will think of the kind that comes in a bottle, so how have the UK's boozers done over the holiday?

Brewer and pub operator Greene King will provide us with an interim update on Tuesday, and the year is expected to be pretty flat overall -- there's a small EPS drop and a small dividend rise expected. At the current price of 480p, the shares are on a P/E of 9.4 with a 5% dividend forecast, which perhaps looks cheap. But like some of Britain's other pub chains, there's a lot of debt on the books -- £1.4bn at the last year-end in April.

dandu71 - 16 Jan 2012 09:06 - 7 of 127

What`s your prediction for the share price movement for tomorrow DC?

dreamcatcher - 16 Jan 2012 12:18 - 8 of 127

The debt of the company is a problem. The fact that trading is flat, the sp may be pretty static.

dreamcatcher - 17 Jan 2012 07:36 - 9 of 127

Greene King retail like-for-like sales up 8.2%

dreamcatcher - 17 Jan 2012 07:38 - 10 of 127

Record Christmas Performance
17 January, 2012

Greene King announces its Interim Management Statement for the 37 weeks to 15 January 2012.

• Retail like-for-like sales up 8.2% and food like-for-like sales up 11.1%, last seven weeks
• Average EBITDA per pub in Pub Partners up 5.9%, last eight weeks
• Core brand own-brewed volumes up 7.4%, last seven weeks

Rooney Anand, Chief Executive, said: “This was another strong performance driven by the strength of our business and our continued commitment to providing unrivalled value, service and quality to our customers.

It is clear that even in these difficult times, customers still look for enjoyment and some respite from the financial pressures they are facing. Across the UK, the pub becomes the real heart of the community during Christmas. Supported by better weather conditions than in the previous year, we saw record Christmas bookings and our like-for-like sales in Christmas week were up 17%. Food sales were £1.7m on Christmas Day alone, and we sold 365,000 Christmas meals in December, another record for Greene King.”

TRADING

Greene King Retail, our largest and fastest growing business, saw like-for-like (LFL) sales up 8.2% in the last seven weeks, delivering 4.7% growth in the year-to-date. All major sales categories achieved strong growth in the period with food LFL sales up 11.1%, driving further growth in food’s share of Retail sales. In the year-to-date, food LFL sales are up 6.3%. Our three acquisitions in 2011 – Cloverleaf Restaurants, Realpubs and Capital Pub Company – have all traded very well over Christmas, and we have made further progress on our Retail expansion strategy with a further six new sites added.

We continue to expect that full year margins in Greene King Retail will be in line with the previous financial year.

Pub Partners continues to perform well. In the last eight weeks, average EBITDA per pub was up 5.9%, delivering 3.4% growth in the first 36 weeks of the financial year. LFL EBITDA is down 0.4% after 36 weeks with LFL EBITDA in our core estate ahead of last year. There are 23 Meet & Eat franchised sites in Pub Partners and we expect around 40 sites to be open by the end of the financial year. Since the half year, we have made a further 21 non-core pub disposals from Pub Partners.

In Brewing & Brands over the last seven weeks, core brand own-brewed volume was up 7.4%, with year-to-date volume growth now at 2.9%. This compares to the UK ale market, in the five months to November, down 6.1%. Within our portfolio of category leading ale brands, Old Speckled Hen, the UK’s no.1 premium ale brand, and Belhaven Best, Scotland’s no.1 ale brand, have grown particularly strongly.

Overall, our profit, cashflow and balance sheet remain in line with our expectations.

OUTLOOK

Although we expect another difficult environment for the UK consumer in 2012, we remain confident that we will continue to deliver growth and value to our shareholders, driven by the strength of business, our Retail expansion strategy and our focus on offering unrivalled value, service and quality to our customers.

For further information:


Greene King plc Tel: 01284 763222
Rooney Anand, chief executive
Matthew Fearn, group finance director

Capital MSL Tel: 0207 307 5330
Steffan Williams
Richard Campbell

NOTES FOR EDITORS

 Greene King operates c.2400 pubs, restaurants and hotels across England, Wales and Scotland, of which c.950 are in our largest and fastest growing business, Retail. Its leading retail brands are Hungry Horse, Old English Inns, Loch Fyne Restaurants and Eating Inn.

 Greene King also brews Greene King IPA, the no.1 cask ale in the UK, Old Speckled Hen, the no.1 premium ale in the UK, Abbot Ale, the no.1 premium cask ale in the UK and Belhaven Best, the no.1 ale brand in Scotland.

dreamcatcher - 22 Apr 2012 08:06 - 11 of 127

On Monday, brewer and pubs group Greene King issues a pre-closed period trading update and Peel Hunt warns that, with the group going up against tough comparitives, the strength of like-for-like sales (LFL) growth is likely to be more IPA than Abbot Ale. "After an extremely strong fourth quarter [Q4] in 2011, when LFL sales ran at +7%, the managed pubs will do well to achieve +2% growth this Q4, after +8.2% last time the company reported (for the 7 weeks to 15 January), bringing the 51-week LFL to around +4%," Peel Hunt said. As for the tenanted division, Peel Hunt thinks LFL sales will actually decline year-on-year, by as much as 1%, in the final quarter of the financial year.

dreamcatcher - 22 Apr 2012 08:08 - 12 of 127

Chart.aspx?Provider=EODIntra&Code=GNK&Si

skinny - 23 Apr 2012 07:22 - 13 of 127

PRE-CLOSE TRADING UPDATE

STRONG TRADING CONTINUES INTO FOURTH QUARTER

Greene King announces its pre-close trading update for the 50 weeks to 15 April 2012. Its preliminary results for the 52 weeks to 29 April 2012 will be announced on 28 June 2012.

· Retail like-for-like (LFL) sales up 4.6% and up 4.5% in the last thirteen weeks
· Food LFL sales in Retail up 6.3% and up 6.7% in the last thirteen weeks
· Average EBITDA per pub in Pub Partners up 3.8% after 48 weeks
· Core brand own-brewed volumes up 0.8%

dreamcatcher - 23 Jun 2012 06:48 - 14 of 127

On Thursday, Greene King, will release full-year results, and they should be decent. There'll be nothing sparkling, with earnings expected to be flat, but we should see a dividend of around 4.6% with the shares on a P/E of about 10. Net debt is large, though, as is often the case with operators of pub chains.

dreamcatcher - 23 Jun 2012 19:57 - 15 of 127

Broker snap: Greene King's got further to go, says Peel HuntFri 22 June 2012 11:05
A A A
Peel Hunt has hiked its target price for pubs group Greene King and reiterated its 'buy' rating, saying that the stock still has some upside despite the recent strong performance ahead of its full-year results.

"The shares, up 8% in the last week, are clearly now in the process of re-rating as we have predicted. We believe there is much further to go, with Greene King's leading position likely to become very apparent at the finals," said analyst Paul Hickman.

The firm's results are due on June 28th and Peel Hunt says to expect a beat due a strong fourth quarter. Its forecast is slightly ahead of consensus estimates of £149m in pre-tax profit and 51.9p in earnings per share.

"Retail like-for-like (LFL) sales over-performed the sector average and are strong by any standards, at +4.5% in the final difficult quarter, or +4.6% for the year to date.

"While the final two weeks will be lower against the tough Royal Wedding comparative, which may reduce Q4 as low as +2% LFL, this is an excellent result in a tough year, and certainly well ahead of the 2-3% growth required to offset inflationary input pressure," Hickman said.

The target price is raised from 561p to 617p.

Shares were trading 0.86% lower at 519.5p on Friday morning.

dreamcatcher - 28 Jun 2012 07:29 - 16 of 127





28 June 2012


GREENE KING plc



Preliminary results for the 52 weeks to 29 April 2012



http://www.moneyam.com/action/news/showArticle?id=4397122

PERFORMANCE HIGHLIGHTS
· Retail like-for-like sales growth of 4%; food sales growth of 17%.

· Retail operating profit growth of 13%; EBITDA per pub over £200k for first time.

· Average EBITDA per pub in Pub Partners up 4%; substantive agreements at 98%.

· Brewing & Brands total volumes up 8%; revenue up 5%.

· Strong growth of 10.0% in adjusted earnings per share.

· Strong margins and cash generation support total dividend growth of 7%.

· Current trading strong; Retail like-for-like sales up 7% in the last eight weeks.

dreamcatcher - 28 Jun 2012 10:23 - 17 of 127

Greene King unveils record results
StockMarketWire.com
Pub retailer and brewer Greene King unveils record full-year results with pre-tax profits 8.6% up on last time.

Total revenues for the 52 weeks to 29 April rose by 9.4% to £1,140.4m with operating profits up 6.4% at £236.2 and pre-tax profits rising to £152.0m,

Statutory pre-tax profits were up 7/1% at £125.1m.

Retail like-for-like sales grew by 4% while food sales increased by 17%.

Chief executive Rooney Anand said: "Our team has once again delivered record results and attractive returns to our shareholders in a difficult environment.

"We have achieved strong growth and made further strategic progress.

"All our businesses are building customer loyalty by delivering industry-leading value, service and quality as we strive to be Britain's best pubs and beer business.

"We are in the middle of an exciting summer for Britain, despite the unpredictable weather, with the Diamond Jubilee, Euro 2012 and with the Olympics still to come.

"However, looking further ahead, our customers' spending will continue to be squeezed and concerns remain about job security.

"Our strategy is tailored for these difficult conditions as we focus on providing 'everyday treats' to our customers and delivering sustainable growth in earnings and dividends for our shareholders."


sutherlh1 - 13 Jul 2012 16:47 - 18 of 127

Had these for a few years, good divi and capital growth so far. Looking at exiting these between 600p and 650p around longer term resistance. Anyone else in these? Would appreciate any views on whether to sell, hold or increase holdings. Thanks H

coeliac1 - 13 Jul 2012 17:11 - 19 of 127

I am in here- had them in my ISA for a year or so on income grounds and see them as a strong hold at least. They seem a well managed firm which performs.

dreamcatcher - 31 Jul 2012 21:01 - 20 of 127

Greene King investors should stop filling glasses after strong rally
It's time for investors in pub group Greene King to stop filling their glasses, according to Liberum Capital analyst Patrick Coffey, who called last orders on his stock recommendation and cut the company to “hold” from “buy”.


http://www.telegraph.co.uk/finance/markets/marketreport/9439442/Greene-King-investors-should-stop-filling-glasses-after-strong-rally.html

HARRYCAT - 31 Jul 2012 22:16 - 21 of 127

Though coming up for divi (18.1p) on wed 8th Aug '12.
Register now or login to post to this thread.