Hydrogen Economy
27 Feb 2018
GNK trying to sell Loch Fyne GNK SP is looking a touch more lively although a long way off breaking out of the downtrend. Times suggesting LF is up for sale may be helping H2www.thetimes.co.uk/edition/business/brewer-greene-king-seeks-buyer-for-loch-fyne-chain-c759mbwxtPub group Greene King is attempting to sell seafood restaurant chain Loch Fyne to shrink its exposure to casual dining, industry sources say.The brewer, which also owns Hungry Horse and Chef & Brewer, is understood to be seeking offers for the 34-strong chain.Greene King bought Loch Fyne for £68m in 2007 and had plans to double the number of sites. However, sales are thought to be under pressure.... Two years ago Greene King explored a £100m sell-off. ...Greene King bought rival Spirit in 2015 to diversify from its core brewing and pubs business. Now it is scrambling to “put the pub back” into its family-friendly Hungry Horse chain.Greene King declined to comment.
Hydrogen Economy
20 Feb 2018
Re: Shorting Baker05Interesting site. I see the % on loan is significantly higher for many companies than the short positions reported in short-tracker, a few examplesOCADO GROUP ORD 25.73SKY PLC ORD 50P 23.72DEBENHAMS ORD 21.35BOOKER GRP PLC 1P 20.14Maybe as you suggest this reflects short positions of less than 0.5% which are not reportable, but as this site seems to accesses the loans data through through crest it picks up all loans. I don't know if there is any other reason to loan out a stock other than for selling short? I see a couple are reported as over 100%, and ARRIS INTL COM CDI 715.98 !That could be an error but I guess in theory the shares could in theory be loaned sold short and the buyer then loans the stock on - but seems pretty extreme!It looks like it could be very useful, not really worked out what for, but maybe comparing a newly released data set with the previous month would flag up any companies with big change in stocks on loan, not so easy to do on Short-tracker which anyway seems to be only part of the picture.Why so short on GNK?- presumably they think it will decline further, recent results were poor, many concerns like economy faltering, retail spending fall, input costs rising, quality issues, business rate increases, minimum wage impacts etc. That's either in the price or there is further to fall, take your pickH2
Baker2005
20 Feb 2018
Re: Shorting The Euroclear site is useful to check shorts, although it only gives the end of month figure. You can go in a as guest via the link [link] at the end of January the total short in GNK was 14.74% whilst short tracker was only showing around 7.8% at that time. So quite a lot of shorts below 0.5% that don't show in short tracker..i'd be interested in theories as to why the market is so short on GNK ?
Hydrogen Economy
20 Feb 2018
Re: Shorting LCGRThe short positions have been growing steadily over the last 12 months from 0.51% to 7.8% (that only includes positions of 0.5% or more so total could be higher), that is getting to a worrying level. (Link below)That said in 2014/15 there was an even more rapid run up in short positions to over 13% which were closed very rapidly in June 15 after the Spirit deal was announced. The SP went on to make new high of 950p in late 15, since when the SP has been in consistent decline. The interesting question is whether the shorters made a mistake to take out shorts in 2014/15 (which might give some encouragement to holders of long positions looking at the current short positions) or was the mistake to close them?For either perspective it would seem that the spirit acquisition has not given GNK the boost which it seems was expected by long and short holders.I only invest long, never shorts, same with drinks, too easy to get hammered. [link]
lotcangorong
19 Feb 2018
Shorting Article in S Times points out a large number of short positions on GNK but of more interest is (maybe common knowledge) the shorttracker website where you can see exactly what shares are most shorted. New to me anyway, quite interesting
Baker2005
08 Feb 2018
Re: Significant rising today in a falling market. Must be all those traders drowning their sorrows !Drink more beer lads !
sound money
07 Feb 2018
Significant CEO bought 10,000 now holds 616,000. Not a huge amount but you wouldn't spend £50,000 unless you thought it had bottomed. Not in these markets.M
gamesinvestor
30 Jan 2018
Re: Divi reinvestment / annuities "PS I refuse to buy Woodford funds, but I think he's correct about overreaction to brexit."He is, since £ is strengthening, unfortunately his stock selection is pretty dismal, or maybe just unlucky?I think Terry Smith sums it up nicely, "most fund managers buy any old rubbish"Games
johnnygibber
29 Jan 2018
Divi reinvestment / annuities With my shares showing a 27.58% loss over the last few years, I can confirm that this is the most new shares I have ever picked up as a 'freebie'.This needs to happen for around the next 10yrs - followed by a rapid increase in price after which time I can sell and buy a joint annuity paying 2.6% with a 3% increase...hang on....that's bluddy rubbish... but if I get divorced, wait till I'm 75 and start smoking again then i'll get 5%.. hmmmm..Think I'll stick with divi shares...that easily cover payments with EPS...and are out of fashion.GLAJGPS I refuse to buy Woodford funds, but I think he's correct about overreaction to brexit.
sound money
25 Jan 2018
Re: wetherspoons - GNK Trading Statement TX2,Absolutely correct about spending habits. There is a confirmed move to eating out rather than splashing out on things.At least Amazon can't target this.Oversold in my opinion. With sales holding up all to play for.The rise of Sterling against the dollar is deflationary and will help.M
Old Eyes
25 Jan 2018
Re: wetherspoons - GNK Trading Statement "GNKs & Marstons who perhaps need to up their game.We have a huge choice now."I can't help but think that the purchase of the Spirit pub chain is playing a part and management have taken the eye off the ball with the overall estate and running of the business. Perhaps integrating the business is weighing down on the financials because the share price has never recovered since the purchase.
gamesinvestor
25 Jan 2018
Re: wetherspoons - GNK Trading Statement "Perhaps they have been paying attention to Tim Martin at Wetherspoons"sound, good point -- maybe even better get Greene King to print a load of pro-Brexit beer mats and Tim might then be encouraged to bid for Greene King?Games
TX2
25 Jan 2018
Re: wetherspoons - GNK Trading Statement At least the comment "sustainable dividends" at the end signals that the present payment level is likely to be maintained.It seems to be a mixed bag with pub companies at the moment.Some seem to be doing well particularly premium operators like Young & Co;but also Wetherspoons which have an attractive offer and the GNKs & Marstons who perhaps need to up their game.We have a huge choice now.Overall however I feel that spending at pubs is holding up much better than retail spending generally;there seems where a choice is being made to be a swing towards spending money "going out" rather than buying more "things".
susanne9
25 Jan 2018
Vouchers Well said GamesInvestor - I'm still miffed not being able to claim vouchers due to SIPP rules - I've given up even trying now. Still, got the dividend and I still like the company.
sound money
25 Jan 2018
Re: wetherspoons - GNK Trading Statement I read this more positively.For sure there is no growth but sales were OK. Importantly the dividend and strong cash generation confirmed.The stand out thing was, it lacked negativity. No more bleating about headwinds and oh what is a terrible time we have all been having.Perhaps they have been paying attention to Tim Martin at Wetherspoons who just rolls his sleaves up and gets on with it.M
