The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
In here with 7k, looking for a small bounce. One punt here and one on the other big faller. Gla
Not sure whether you cab call it a bounce yet, but back up to 572p.
SBB, Yes I am in...may hopefully caught the bottom at 562p, certainly another share oversold. IMHO
That's a shocking update and a sign of things to come I think, chart looks awful, so I've taken the 1k loss and run. Good luck for those topping up or holding..
I'm in with quite few... anyone bought in today. ? Overdone I reckon . Get ready for the bounce !
So many companies providing results which the market doesn't like. In at 562p, I like a bargain.
Good call by HSBC. I am very disappointed by the update today. There should be a claw back of the fall to a limted extent as the market always over-reacts. It hinges on how safe the divi is really as the tield is really juicy now. I am not sure whether to average down or sell up Once this settles it will definitely get back to 600p imo. But awful, awful update.
I will do the same as mine landed today.
well quite a suprise..Seems I sold just after tge register so a booklet of vouchers arrived today. Will do my best to increase turnover for you all
Thanks for the info. I will get onto my broker and find out where they are. ps saw something on the business channel saying that tourist numbers are expected to double over the next 5 -10 years. So this industry would be well placed to make some good returns. gla
HI Fallingknife Yes, the supporting evidence kills that one, thanks for that clarification. Must have been a typo from the originator, those with the benefit of the brokers note or those without a feeling that this share is manipulated on a regular basis could see through . I suppose with the manipulation up yesterday :-) !!! not too bad in the end Glad they left Marstons as a hold, that might have done some damage. And, GKN not in the least bothered about the Typo/downgrade.
Hi Exon., Good points raised there and yes it was from Proactive. I haven't seen the note myself but more supporting evidence is the Target Price. GKN is is bout 325p so it couldn't be downgraded and have a target price of 595p. It would be stretching credulity a bit far to say the journalist invented his own TP so it must apply to Greene King.
Hi Bungle99 Depends who your broker is! Interactive Investor didn't send mine until 19 September last year, the same day that I reminded them! AJ Bell YouInvest don't issue the vouchers, but they will email Greene King to mention your holding, if you ask them to and for the purpose of obtaining the vouchers directly. Regards.
HI Fallingknife Thanks for that input, I notice that the reference quoted appears to have come from Proactive Investor published at 10:50. I checked this before I published my thoughts below.at 10:12. Appears genuine but bad research. click on the links they are old material, and about the last time a certain company (not HSBC, manipulated the price down by about 5% early doors) Would need to see HSBC note, anyone? Yes it is clear that HSBC has downgraded parts of the pub sector, but I am still not clear on the GNK (pub) downgrade the report mentions Greene King, but not Marstons, which was mentioned by HSBC, along with Wetherspoons. stockwire this morning " HSBC today downgrades its investment rating on GKN PLC (LON:GKN) to reduce (from hold) and cut its price target to 595p (from 680p)." if you check GKN engineering on Hargreaves Lansdown, new HSBC target 595. No mention of downgrade for GNK ( the pub ) Amazing what press reports can achieve.
Analysts at the broking arm of high street banking giant HSBC are worried that the UK pubs sector faces “twin risks from consumer weakness and rising input costs” and have downgraded their ratings for both Greene King PLC (LON:GNK) and JD Wetherspoon PLC (LON:JDW) as a result. In a sector review, the HSBC analysts said: “We can’t be sure of a consumer downturn, but do worry about the continued increase in costs and the ease with which this can be mitigated.” READ: Greene King's full-year profits fall on Spirit Pub integration costs They added “Operators have already struggled with this even in a benign consumer environment. We don’t see obvious valuation support, and think downgrades will drive share price weakness. “ The analysts cut their rating on brewer and pubs operator Greene King to ‘reduce’ from ‘hold’ and lowered their target price to 595p from 680p amid concerns over its cost outlook in particular." Definitely Greene King. The strength of the bounce back already shows me the advice was erroneous. 675p to 700p is probably fair value and 650p too cheap. I don't think there are surprises in the pipeline. The balance sheet is packed with frehold pubs so there is good cash generation. Value will out here.
Hi folks, Anyone got the Greene King discount vouchers yet. They normally come out about now don't they?. Ps I think we could see some good gains here if brexit gets fuddled up. Weak pound, massive ques at airports and immigration. Should make more peeps holiday at home. gla
probably accounts for the fall. They also downgraded TDW so maybe they think the sector is overblown. The almost parity with the Euro, Brexit turmoil and starnge weather elsewhere may mean more staycationers who will pop out for pints during their holidays. Also more tourists will come and hopefully try some beer and some food. The sector is not as bleak as depicted and today certainly represents a buying opportunity.
"Greene King was hit by a downgrade to 'reduce' at HSBC, while JD Wetherspoon fell after a downgrade to 'hold' by the same outfit" Has someone got this wrong, from what I can find HSBC downgrades Wetherspoon's and put a hold on Marstons and Mitchell Butler. They also downgrade GKN, for me this is an engineering firm. confirmed by Daily Mail and Hargreaves. Has anyone seen the GNK downgrade?
after a steep rise yesterday. I can explain neither. Particularly the aggressive mark down this morning. Down 5%+ now so I wonder was there a sell tip or else a PW in the sector. Very starnge tarding I must say.
This could be around 400p soon. Will then be worth buying.
As I've mentioned before, I live in GK country, drink their beer and admire the business. BUT, the BOD's public utterances are in my opinion, so negative, as to negate any positive advances this SP seems to make recently and so at the earliest opportunity, I'm out. Good dividends and good annual figures outweighed by negative comments!
developed a thirst for this one this afternoon. It has been flat for quite some time but this afternoon's 1.5% rise is a tonic. It might be divi hunters buying in or some broker recommendation but welcome relief to see this share rise up.
I really do not want to jinx it again, but the recent SP movement looks very promising technically. It seems 696-706 could be on the cards in the next couple of weeks.
Liberum Capital Broker Note 05/07 Initiates/starts as a buy with a target of £8.4 Leaving JP Morgan only one to downgrade (to neutral @ £7.5)
at the 650's so that I have more shares to trade when this bounces back - it is a matter of time imo because it looks that the share is being pushed down without the company facing serious trouble. I might save some money to top up further at around 620-630 It would look extreme if they push it that low, however I can expect anything from this share