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GNK Greene king PLC Bullish top triangle....... http://content.screencast.com/users/marketsniper/folders/Default/media/004ca038-4b58-44fc-983e-8db2bf0a5ce3/gnk%202.jpg
Hi, thought I just observe what youv written "... It is priced on a PE of 11.2 times forecast EPS (set to grow 12%) to April 2017, with a yield of 4.2%." Today GNK would expect a yield 3.2%, though is currently ex-dividend for 8.45p, thus new shareholders are exempt from it. http://tools.morningstar.co.uk/uk/stockreport/default.aspx?SecurityToken=0P000090MK]3]0]E0WWE$$ALL With UK interest rates possibly rising year end of 2016, the SP would probably drop and yield rising to aid the difference. Just my view.
Sold before the mad rush starts...tick tock tick...
http://www.dividendinvestor.co.uk/?chk=4c0741449501111&symbol=GNK&submit=GO You must hold till record date to qualify for dividend declared of 8.45p.
David Harbage LSE Blog: £2.5bn cap brewer and operator of 3,100 pubs, after the acquisition of the Spirit group, is a beneficiary of higher domestic consumer spend and secular trend to ‘eat out’. It is priced on a PE of 11.2 times forecast EPS (set to grow 12%) to April 2017, with a yield of 4.2%. 8 brokers have a buy recommendation, 4 are neutral, 2 suggest sell.
Dailymail business section says to sell as sp has risen substanially... I hold 1000 at 850p, though we still have festive period to consider or is that factored into sp rise yesterday?
to celebrate with a pint of Abbot! GLA..
Expert blogger and former Barclays Stockbroker has added Greene King to his blog watchlist. See what he thinks here: http://www.lse.co.uk/blogs/expert/david-harbage-blog/azio2t/
Two months on and the SP has dipped as I feared, can't really see any turnaround yet, further decline most probably!
Been following Greene King for some years now, ever since they acquired "Beards of Sussex" some time ago, the SP has come a long way since but I can't see it getting much higher at this point in time due to current market factors and the change in drinking habits nationally right now, cider seems to be all the rage at present !
Just used my Cash ISA to invest it in here and five other stocks... Seems to be a steady eddy like SL. & VOD.
Just used my
Greene King wins go ahead to swallow Spirit: Greene King’s £774 million takeover of rival Spirit Pub has been cleared by the competition authority, which said it accepted the company’s offer to sell 16 pubs in areas of concern.
Hi, I'm in the proceeds over the next month or two of adding more different stocks to my already portfolio. This one might be included in s&s ISA wrapper? Can someone give an opinion on how overweight they would put this stock in with around 27 others I have ( diversified portfolio )? My stocks at present remain on average 5% exception of a few ( JNJ, MUT, NVS, GS, and TSCO, ULVR ). Of £27k, this might be 1 of 5 or 1 of 4, unsure... Thanks. Atb
Greene King presses ahead with £774 million Spirit Pub acquisition: Greene King is pressing ahead with its £774 million acquisition of Spirit Pub without waiting for a final decision from competition authorities, who have signalled the deal is likely to be approved.
Beer sales are continuing to grow year on year, with sales at the end of quarter one rising 1.5 per cent over the past 12 months, it has been announced today. The figures are reported in the latest ‘Beer Barometer’ from the British Beer & Pub Association (BBPA). This continued growth follows nine consecutive years of decline, which saw beer sales slide by an astonishing 24 per cent – 6.7 million fewer pints sold, per day. The BBPA says that huge tax rises were the major culprit, with a devastating beer duty hike of 42 per cent from 2008 to 2013, under the disastrous beer tax ‘escalator’ policy. This sent the duty (plus the VAT on the duty) from 38p, to 56p on a pint at the average strength. The period saw 7,000 pubs close, with 58,000 jobs lost. BBPA Chief Executive Brigid Simmonds says the figures highlighted the need for continuity from The Treasury in its tax policy for beer, which has seen a historic hat trick of beer duty cuts that have hugely helped to stabilise the sector and safeguard the future of many of Britain’s pubs. BBPA Chief Executive Brigid Simmonds comments: "The figures are encouraging but the market is still fragile as the industry continues to recover from the damaging beer duty escalator and beer duty rates remain among the highest in the EU. “That is why we need the right policies so we can continue to boost jobs and create investment in an industry that employs 900,000 people and is worth £22 billion to our economy.”
<b>Greene King plc (GNK) – Research Analysts’ Recent Ratings Changes May 21st, 2015 • 0 comments • Filed Under • by ABMN Staff</b> Several brokerages have updated their recommendations and price targets on shares of Greene King plc (LON: GNK) in the last few weeks: 5/15/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 850 ($13.37) price target on the stock. 5/12/2015 – Greene King plc had its price target raised by analysts at JPMorgan Chase & Co. from GBX 830 ($13.06) to GBX 920 ($14.47). They now have an “overweight” rating on the stock. 5/12/2015 – Greene King plc had its “neutral” rating reaffirmed by analysts at Nomura. They now have a GBX 846 ($13.31) price target on the stock. 5/12/2015 – Greene King plc had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a GBX 835 ($13.14) price target on the stock. 5/6/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at Beaufort Securities. 5/6/2015 – Greene King plc was downgraded by analysts at N+1 Singer to a “hold” rating. They now have a GBX 798 ($12.55) price target on the stock, down previously from GBX 848 ($13.34). 5/5/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at N+1 Singer. They now have a GBX 848 ($13.34) price target on the stock. 5/5/2015 – Greene King plc had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a GBX 940 ($14.79) price target on the stock. 5/5/2015 – Greene King plc had its price target lowered by analysts at Canaccord Genuity from GBX 880 ($13.84) to GBX 850 ($13.37). They now have a “buy” rating on the stock. Greene King plc (LON:GNK) opened at 835.00 on Thursday. Greene King plc has a 52 week low of GBX 712.00 and a 52 week high of GBX 891.00. The stock’s 50-day moving average is GBX 829. and its 200-day moving average is GBX 809.. The company’s market cap is £1.82 billion. Greene King plc is a United Kingdom-based pub and brewing company. The Company run 1,900 managed, tenanted, leased and franchised pubs, restaurants and hotels. It operates through three segments: retail, pub partners and brewing & brands. The Retail segment, consists of both branded and unbranded pubs, restaurants and hotels .
GKN Greene King. Technically seems to have some positives going for it at the moment as per displayed on the chart. http://content.screencast.com/users/thomaser/folders/Default/media/f43172a0-ef2d-465f-9409-46adb7a93ed5/gnk.jpg
Can anyone point me in the direction of the terms of this takeover
Greene King hit by Scots drink-drive limit change: Belhaven Owner Greene King suffered tougher trading in the second half of its financial year, despite record sales at Easter and Valentine’s Day
They've also got a sales drive on at present trying to undercut their rivals on pricing, not sure as yet how much that will hit margins, it's a tough market out there at present, survival of the fittest!
Greene King toasts boost to apprenticeships: Greene King is marking the start of National Apprenticeship Week by taking on another 2,000 this year
Yesterday Andrew Griffiths, MP for Burton and Chair of the All-Party Parliamentary Beer Group, secured an adjournment debate on beer duty in the House of Commons. In his speech, he supported our campaign for a third successive cut in duty and outlined the enormous economic benefits of doing so. He also congratulated the BBPA for its work in helping to secure the beer duty cuts. Responding for the Government, Exchequer Secretary to the Treasury, Priti Patel MP, commended Griffiths on his speech and was positive about the impact of the cuts, emphasising the increased investment and boost in jobs as a result. She stated: “There is a very strong argument that the brewing and pub sector is a major part of the UK economy. It adds £22 billion to the UK’s GDP. It directly employs over 600,000 people and supports almost 900,000 people in total, including a significant proportion of young people. There is a very strong skills base in the industry, and young people are part of that. It also boosts British manufacturing, and its exports are worth over £630 million.”
A decade of decline in UK beer sales has come to an end, with a 1.3 per cent rise in UK beer sales in 2014, it has been announced today. The startling turn around in the fortunes of Britain’s favourite pub drink follows two historic cuts in beer duty by the Chancellor. The figures are reported in the latest ‘Beer Barometer’ from the British Beer & Pub Association (BBPA). The 1.3 per cent rise in 2014 followed nine consecutive years of decline, which saw beer sales slide by an astonishing 24 per cent – 6.7 million fewer pints sold, per day. The BBPA says that huge tax rises were the major culprit, with a devastating beer duty hike of 42 per cent from 2008 to 2013, under the disastrous beer tax ‘escalator’ policy. This sent the duty (plus the VAT on the duty) from 42p, to 65p on a typical pint. The period saw 7,000 pubs close, with 58,000 jobs lost. With taxes still much higher than they were a decade ago, the BBPA is leading calls for a much-needed hat-trick of beer duty cuts in the Budget on 18th March. Beer sales in pubs have begun to stabilise, showing a small decline of 0.8 per cent in 2014, but this was the smallest decline in sales since 1996. Off-trade sales grew by 3.5 per cent, matching the growth of last year, and taking off-licence and supermarket sales above on-trade sales, for the first time on record. BBPA Chief Executive Brigid Simmonds comments: “British beer is back in growth – and we want to keep it that way. But with seventy per cent of pub drink sales being beer, the picture for our much loved pubs is still fragile. “That is why another duty cut from the Chancellor is vital. It will build on the success of two very popular tax cuts in the past two years, and boost jobs in an industry that employs 900,000 people, almost half of whom are 16-24 year olds. That has got to be good news.”
Been a nice rise from the .70 low last year