The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreene King Share News (GNK)

  • There is currently no data for GNK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday shares tips: Serica Energy, Greene King, CMC Markets

Sun, 06th Jan 2019 14:41

(Sharecast News) - In this Sunday's round-up of newspaper share tips, there was Serica Energy in the Sunday Times, Greene King in the Mail on Sunday and CMC Markets in the Sunday Telegraph.Serica Energy, the AIM-listed oil and gas producer, was tipped as a 'buy' in the Sunday Times' Inside the City column. In late November, a year after first agreeing the deal, the company tied up a tricky deal to buy stakes in the Bruce, Keith and Rhum fields in the UK North Sea from BP, Total and BHP. Instantly becoming one of the largest mid-tier exploration and production companies in the region in a deal that constituted a reverse takeover under AIM rules, Serica acquired operating rights on the three fields, with a 98% interest in Bruce, a 100% interest in Keith and a 50% interest in Rhum.Bringing these fields into the group means Serica is producing around 26,000 barrels per day, more than FTSE 250-listed Cairn Energy. The North Sea portfolio is over 85% weighted towards natural gas. Annual profits are forecast to jump from a predicted $9m in 2018 to $175m for 2019, according to broker Peel Hunt, as revenues rise from $41m to close to $400m.Elsewhere in the portfolio there are exploration and development interests in the Rowallan, Columbus, Skerryvore and Ruval fields of the North Sea, plus an existing 18% non-operated interest in the Erskine field. Drilling has begun at Rowallan, while the 50% operated interest in the Columbus field is scheduled to start development in 2019 and expected to begin producing from 2021.Shares in Greene King were tipped as a tasty investment tipple by Midas in the Mail on Sunday, saying buying now gave access to an "undervalued" stock paying a 6% dividend.As well as brewing the likes of Abbot Ale and Greene King IPA, the company is the UK's largest managed pubs operator, with its chains including English Inns, Loch Fyne eateries, family pubs under the Hungry Horse and Wacky Warehouse brands, and the Spirit portfolio of pubs under the Chef & Brewer and Taylor Walker brands.First-half results in early December showed a 2.7% increase in like-for-like sales in the pub company, which was well ahead of rivals such as Marston's and EI. Progress was also made on boss Rooney Anand's priorities of improving underlying sales growth and efficiency and refinancing the debt taken on from the Spirit acquisition in 2015.Anand steps from behind the bar in April, with analysts at Liberum suggesting that the announcement of a successor could be a "positive catalyst" for sentiment towards the stock that will draw the line under a period of acquisitions.Questor in the Sunday Telegraph said CMC Markets "could be a doubled in a year or two". With spread-betting firms tending to do well when markets are volatile, CMC's shares "look cheap".
More News
8 Jan 2019 11:20

Tuesday broker round-up

(Sharecast News) - Vodafone: RBC Capital Markets downgrades to underperform with a target price of 125p.

Read more
8 Jan 2019 10:34

WINNERS & LOSERS SUMMARY: SIG Hurt By Challenging Construction Market

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 2.8%. The cruise line operator was raised

Read more
8 Jan 2019 08:55

LONDON MARKET OPEN: Stocks Up But Morrisons Slides On Christmas Miss

LONDON (Alliance News) - Stocks in London opened higher on Tuesday with investors hopeful a breakthrough could be made in trade talks between the US and China amid "positive and constructive

Read more
8 Jan 2019 07:45

LONDON MARKET PRE-OPEN: Morrisons, Greene King Have Strong Christmas

LONDON (Alliance News) - Stock prices in London are seen opening slightly higher on Tuesday, amid optimism over trade talks between the US and China in their second day in Beijing.In UK corporate

Read more
8 Jan 2019 07:07

Greene King confident about full year after record Christmas day sales

(Sharecast News) - Pub operator Greene King posted a jump in like-for-like sales on Tuesday as it hailed "strong" trading over the Christmas period and expressed confidence over the full year.

Read more
4 Jan 2019 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 7 January MJ GleesonTrading Statement Mattioli WoodsTrading 8 Morrison Year 9

Read more
30 Nov 2018 12:55

Friday broker round-up

(Sharecast News) - BTG: Jefferies downgrades to hold with a target price of 840p.

Read more
29 Nov 2018 12:57

Greene King 'deeply' undervalued, say Peel Hunt and Liberum

(Sharecast News) - Greene King shares are "deeply undervalued", broker Liberum believes, or "materially undervalued" as Peel Hunt has it.

Read more
29 Nov 2018 12:11

LONDON MARKET MIDDAY: Prospect Of Slower US Rate Hikes Lifts Stocks

LONDON (Alliance News) - Stock prices in London on Thursday continued to rise on the wings of dovish comments late Wednesday by US Federal Reserve Chair Jerome Powell.Miners were among the best in

Read more
29 Nov 2018 10:49

WINNERS & LOSERS SUMMARY: Intu Properties Drops As Takeover Collapses

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - Group, up 3.6%. The equipment rentals firm

Read more
29 Nov 2018 09:18

Greene King Says Christmas Bookings Ahead As It Stockpiles For Brexit

LONDON (Alliance News) - Brewer and publican Greene King PLC on Thursday said it is working closely with suppliers to safeguard supplies in the event of a no-deal Brexit, as it reported a 3.2% in

Read more
29 Nov 2018 08:44

LONDON MARKET OPEN: Stocks Up But Intu Plummets As Suitor Walks Away

LONDON (Alliance News) - London stock prices were boosted on Thursday after remarks by Federal Reserve Chair Jerome Powell were interpreted by the market as suggesting a slower pace of US monetary

Read more
29 Nov 2018 08:23

Greene King keeps growing ahead of market

(Sharecast News) - Greene King topped up sales growth in the second quarter, though fierce cost inflation continued to dilute first-half profit growth.

Read more
29 Nov 2018 07:45

LONDON MARKET PRE-OPEN: Unilever, Ashtead Promote New CEOs From Within

LONDON (Alliance News) - Stocks in London are set to open higher on Thursday, following substantial gains in the US overnight, after Federal Reserve Chairman Jerome Powell hinted interest rate In

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.