gamesinvestor
25 Jan 2018
Re: wetherspoons - GNK Trading Statement I guess they are stuck in the sentiment trap like all the other pub/restaurant/general retailers -- no one seems that interested in investing in them.GNK seems still pretty cheap to me, but sadly it's still cheaper than the price I paid for it grrr !!In the trading statement, realistically you can argue the result is below inflation, so not that good.Be interesting to see if they made a return on the 40 pubs they sold, but if they were loss making and in bad areas then disposing of them probably made sense anyhow.I recently wrote to them to encourage all shareholders to participate, by not being stupid and allowing the pooled investment vehicles to block access to incentive vouchers. My argument, copied CEO, Chairman and CFO, was that the best people to have in your pub is a positive shareholder promoting the cause.Let's see if I get a response -- I indicated they should make it a promotional program plastered across the bar and to do the vouchers online to make it less administative and lower cost and hitting a wider number of ahreholders.__________ __________ __________ ___"""Trading statement for the 37 weeks to 14th January 2018We traded well over the Christmas period with Pub Company LFL (like-for-like) sales growth of 1.6% for the two weeks covering Christmas and New Year's Eve, in line with the market and against a strong period last year. Excluding the snow impact, LFL sales would have been up 3.4%. We achieved another record breaking Christmas Day in Pub Company with sales of £7.6m, up 2.6% on last year, and 154k meals sold.Either side of the two Christmas weeks sales were slower, reflecting the tough underlying trading environment and additional snow impact. Pub Company LFL sales for the first 37 weeks of the year were -1.4%. Drink and room LFL sales were ahead of last year while food LFL sales remained behind last year. Pub Partners LFL net profit for the first 36 weeks of the year was up 0.2% while Brewing & Brands own-brewed volume was -0.9% for the first 37 weeks, against a weak ale market down 3.0%*.We remain on track to deliver targeted cost savings of £40-45m this year and our brand optimisation programme continues to deliver attractive returns of 25%. Both our new build and disposal programmes are also on track with six new sites opened and 40 disposals completed in the year-to-date.Our additional investment to enhance the customer experience, including being more competitive on price, having more team members available at key trading times and strengthening local marketing activity, will help to improve our competitiveness and relative trading performance.Greene King has industry-leading brands, a strong and flexible balance sheet, and a sustainable dividend, leaving us well placed given the challenging market conditions.Games
The White Rider
25 Jan 2018
Re: wetherspoons Well, can't see anything in the trading update to lift the share price. Impression I get is GNK is running to stand still. Let's hope the dividend is secure as I see this as an income stock now. Still heavily down but will sit tight.
The White Rider
24 Jan 2018
Re: wetherspoons Yes, tomorrow is awaited with bated breath! Hopefully the current sp reflects worst expectations, so any good news will produce a bit of a lift!GLA
susanne9
24 Jan 2018
wetherspoons Wetherspoons have posted good results all round - Come on Greene King !
lotcangorong
12 Jan 2018
Re: Numis downgrade I think they normally do it in a pub at Sunday lunchtime when everyone's had a few pints, eases the pain a bit
Arapahoe
12 Jan 2018
Re: Numis downgrade I think you will find the trading update is on the 25th Jan. The 21st is a Sunday.
Baker2005
12 Jan 2018
Re: Numis downgrade hard to call that one. We will have to wait and see. I sold out on the recent recovery last week. If it does drop on 21st that would be a reentry point for me as I think the sell off here is overdone.
bamboozled
12 Jan 2018
Re: Numis downgrade TX2 :"The true test will come however with the trading figures to be released on 21st Jan. "Thats what I'm afraid of, when the pessimist Rooney Anand speaks out and the shares take another nosedive.
Old Eyes
11 Jan 2018
Re: Numis downgrade If I read the Motley Fool, I follow their tip by doing the exact opposite. Tends to work.If they're negative on Greene King, I'd mark it as a buy!
frog in a tree
11 Jan 2018
Re: Numis downgrade There was also a negative article on Motley Fool today.F
ticktackman
11 Jan 2018
Re: Numis downgrade an analyst is only one overpaid individual with only one opinion = not always right, but can be very wrong - watch their long term track record closely, check their knowledge of the industry/sector covered, before following them over the cliff !!
Baker2005
11 Jan 2018
Re: Numis downgrade hmm, all nonsense in my view. Another chance to top up. Keep drinking the beer lads !
TX2
11 Jan 2018
Re: Numis downgrade Poor retail trading figures from Marks & others today have n't helped us either.The true test will come however with the trading figures to be released on 21st Jan.
Hydrogen Economy
11 Jan 2018
Numis downgrade In case anyone was wondering what knocked the SP ~6% lower today, Digital Look report a Numis downgrade.Enough to drive you to drink. H2
Alan Tittymarsh
05 Jan 2018
Re: Greene King were also higher, despit... On a 1 year view, the chart shows that GNK has broken through its 50 day ma and so far stayed above it with the 50 ma itself having at last turned positive. That would indicate a Buy signal in about 75% of cases. However the previous time that happened was last March, and in that case it was a weak signal and it broke down within 2 months.The signal looks more convincing this time, with the 50 day ma having fallen so far behind its 200 day ma. Provided the sp doesn't fall back sharply below its 50 day ma from here (a dead cat bounce), it seems that a sustained rally is the likely occurrence.
