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Yabadabadoo!
Noooooo I love my 25% off. :(
Question is whether there might be further interest.
Didn't see that coming. Only added a lump just before ex-div so good timing. Whole sector bouncing after this. MARS, MAB both jumped too.
Bit of a surprise but £8.50 a share .......wow
Web site says September.
Are they being issued this year and if so when?
Many stocks at the moment taking a crazy pathway, same with GNK who had previously announced decent results. Assume the, at best "mixed" summer weather is hitting revenue and profit forecast for 2019 summer as most stay in doors to avoid torrential rain of recent weeks. Will a last rally for UK sunshine do the same for this share price?? My neighbour works for GNK and swears they are a soon to be £10 stock, maybe he is partaking too much of his own companies products!! As I bought in at 644p when they dropped from 700p I though I had done a decent deal, but as soon as I can recover my outlay cost through either SP growth (return!!) or SP + divi I think I will exit this stock for safer, even if more boring stocks, ie Aviva / RDSB. My punt stock has been Mondi and ABF, both showed superb 1 month gains but lost all the gain in current downturn, these would have been better than GNK who don't seem to be able to maintain a reliable SP even with superb results. Crazy place this investing market!!
.....and down it goes again.
Nice 10% rise since end of last month.
Why the duplicated buys and sells
Is it a ploy to show activity in the trades?
I am relieved! An announcement to cut the divi would have sent this back to 500p I reckon. They have tended to sneak out Profit warnings on the update blaming poor recent weather very often and input cost pressures. Today though show a resilient performance all things considered.
Thanks LadySonia - Any reason why the full Trading Statement is not available on the Live RNS Feed??
"operating margin flat year on year at 15.2%"
...Could have been worse??
"This morning we have announced our annual results for the 52 weeks ending 28 April 2019.
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"
Maybe go out for a beer and bar meal tonight huwie :)
Who knows where the SP will go tomorrow? It’s totally unpredictable.......I’ve been waiting years to get out haha.
This one looks as if the sp could be undervalued and good results should see it push up nicely. Good control on overheads plus the recent good weather should help results/div.
I too am disappointed by yet another drop however Berenberg are not historically a GNK fan based on the other BB.
Dividend cover and cash flow cover based 2013-2018, last is trailing 12M
2013 2014 2015 2016 2017 2018 TTM
Dividend cover 1.65 1.55 1.36 2.00 1.47 1.58 1.64
Cashflow cover 1.26 0.56 0.56 0.53 1.01 0.70 1.26
Pick your own truth as to how well it is covered!
I saw the following two-line snippet in the daily market report section of today's Times. Although I'd treat any broker assessment with a large dose of caution as they get a lot wrong, I suspect this report won't encourage you to maintain your GNK holding!
https://www.thetimes.co.uk/edition/business/m-s-struggles-to-deliver-on-ocado-rights-issue-dm99lmgp3
Elsewhere Greene King, the pub operator, tumbled 40p, or 6.1 per cent, to 612½p after Berenberg highlighted challenges facing the business, including a poor value-for-money offer, recurring charges and a dividend that absorbs more than 100 per cent of its free cashflow. The broker said that the company would need to cut its dividend.
As a newbie to GNK holdings I thought that recent price drop from 703p to 640p gave a good buy-in price. Thankfully only took 750 shares and feel this is a roller coaster option. Despite strong results and a good Easter trading and hopefully a good summer if it stops raining!! I had hoped for short term good news at above 650-660p by now. Todays drop of 50p on top of yesterdays 10p drop makes me question should i recover my investment and transfer to AV who at 415p (the lower end of their 3 month average ) offer a 7% divi yield. With many shares offering 6%+ divi it makes it hard for other companies to secure investors unless a longer term hold. Does anyone have any positive news re GNK which may prevent me becoming an ex-investor / stock holder. Does anyone forecast a return to the heady days of 700p+ ( I suppose not until the summer trading has been banked!!).
After my top slicing on Friday, I will be looking at topping up in the near future when the dust settles.
Mack the knife's first day .. let's hope he don't cut the divi!
this one has brewer's droop today I think sentiment is firmly against it due to cost pressures. With some decent weather a tide of optimism could return. Like a good pint of Guinness it looks like it is best to wait for this one to settle before diving in. The yield will underpin it at some stage. But at what price?
Thanks. I'm always learning.
The "big sell" was the uncrossing trade (U/T). Ignore it (or better still, Google it).