marktime1231
26 Apr 2018
Just a small one for me a starter stake in GNK to defy all you wise heads shooting / shorting this down further. I re-read the recent trading report and thought there was hope. The confidence expressed by most commentators in the sustainability of the 6%+ dividend was the clincher, even those talking the sp down think it is pretty safe. I will double up if the sp does slide further.Who are Capital Reasearch & Management Co building towards a 20% stake and is that a massive vote of confidence or signs of corporate activity on the horizon?
Hydrogen Economy
19 Apr 2018
Shorts Reported shorts down to 9.01% after peaking at 10.66% on 10th April. These changes usually take a couple of days to feed through the system. SP took a bit of a dip yesterday in a strong market. maybe not surprising after the great rise, bit stronger today. Will be interesting to see how this plays out. Could be a good time to set up an antiperspirant stall outside AQR and Marshall Wace offices.H2
PrefInvestor1
13 Apr 2018
Re: Big Move - marktime1231 Hi MT,Well good yield still yes, but pretty medocre update and the shares have gone up about 18.5% in 2 days !. Well i avoid buying things that have just gone up a lot, because they quite often fall back. And the mediocre update doesnt exactly encourage me to buy. MARS has been dragged up a bit as well, just have to wait a while and come back to these i reckon.As I said before i am deliberately spreading out my buying over time. This week i picked up NG, CNA, UU and ITV. May have to average down on some or all of these as they are down slightly on my entry prices. Not a problem though. Was afraid they were going to shoot up to such an extent that i wouldnt be prepared to buy and im pleased that this hasnt happened.Next weeks targets include SMIF (going XD i think). If trump does make a missile strike then there may be other bargains too !. Thats another reason why i didnt do more buying at the end of thIs week, well except for ITV when it went XD.ATBPref
marktime1231
13 Apr 2018
Re: Big Move On Mediocre Update ? You surprise me Pref, this still meets your criteria, I am still thinking about a first stake, created a bit of room in my ISA and missed the boat on RIO. May have to ask again how things are looking YTD, it has been a good week.
lotcangorong
13 Apr 2018
Re: Strong reaction to weak news Restaurants are one thing, pubs like Greene King's another. I can go to a GK pub and have ten pints of beer with my mates, take my granny for coffee and cake, my wife for a nice vegetarian dish from the new menu and a glass of Sauvignon Blanc, my kids for coke and a bowl of chips, my father in law for the sports etc etc. They are a bit like McDonalds in that you always know what you're going to get, special offers, good value, nice beer. I could go on but I think this formula will outlive any temporary weakness on the high street, and if there is total disaster they will at least be the last to go. Mmm time to go for a pint of Abbot methinks
Old Eyes
13 Apr 2018
Re: Big Move On Mediocre Update ? Well quite. A 13% rise looks good, but 12 months ago the share price was 723.50p.I remain a holder, maybe against my better judgement and hopefully you are right, that the shorters have capitulated. Although I would have thought that they were made of sterner stuff than that.
PrefInvestor1
13 Apr 2018
Big Move On Mediocre Update ? Hi All,Been watching this and MARS with a view to buying at some point, but that day now deferred for a good while now i think. Trading update was at best mediocre as far as I could see, imagine if it had ACTUALLY been good !.GLA holders, but I won’t be joining you just yet after the 13.5% rise yesterday. Perhaps all the shooters capitulated ?.ATBPref
Hydrogen Economy
13 Apr 2018
Telegraph comment, key points below, shorters might be in need of a beer after yesterday's news.[link] looks bang on forecasts but there seems a fair bit to wait for in the finals, the cashflow/debt could be affected by some of the additional capex and investment in prices and quality and changes in estate. It would be nice to hear about Loch Fyne plans.City Pubs with LFL sales up 3.8% total revenues up 35% suggests the smaller operators are unsurprisingly outpacing GNK and Co and will be taking business.[link] operators going through a tough time but GNK seem to be taking the right steps. I'll Hold for now H2Greene King has stuck to its profit guidance, shrugging off any expectations of a downgrade, in what will come as a blow to short-sellers who had been circling the group.Some had been expecting Greene King to follow peer Mitchells & Butlers and announce plans to ditch its dividend, given recent talk of difficult trading conditions in the pub industry, including higher business rates and wages. It said it continued to expect to spend around £160m on its estate over the full year, and noted that its dividend was "sustainable". The upbeat update is likely to have caught those who have been building short positions in the group off guard.Currently more than 10pc of Greene King is out on loan to short-sellers, who take holdings in a business in anticipation of its share price falling. Those investors will have taken a paper loss of around £20m on the update. Signs that the pub industry may not be in as much danger as expected were also apparent at smaller operator City Pub Group, which posted a 35pc revenue rise in its first set of annual results since joining London's Aim market.
paddington_bear
12 Apr 2018
Strong reaction to weak news Pleasing that the reaction was to applaud results better than competitors rather than focus on weaker outcomes year on year. I am sure the management are doing their best in difficult circumstances and the reports of numerous restaurant chains closing outlets demonstrate the excessive number of outlets seeking the leisure pound. Cost reductions were more than anticipated and there should be a boost when the Spirit debt is fully renegotiated.For me, a long term hold if the top management stays in charge.PB dyor.
marktime1231
12 Apr 2018
New to my watch list GNK have shrugged of the gloom today. I wonder why it hasn't caught my attention before, AIM listed progressive very good yield, pub lunches the number one way in which baby boomers will be spending their comfortable retirements over the next 20 years. UK consumers are deserting the High Street, we are not moving house, so is this and holidays where our disposable income will be going.If only there was a major sporting tournament this Summer to boost sales. Ah ... Novochok cocktails anyone?So why has GNK been down in the dumps ... I get the debt worries but is that all?Good enough for Pref as a replacement income choice.Added to my list of ones to watch this morning, along with dividend stalwart MANX and the recovery prospects of PAF.
Baker2005
12 Apr 2018
Re: Short sellers lets hope those hedge fund shorters are getting squeezed today !these deserve all they get.Onward and upwards GNK!
susanne9
12 Apr 2018
sorry! Sorry!
Professor Fang
12 Apr 2018
Re: competition Hi Susanne, I get it now. The wording was rather confusing (well it was for me)
susanne9
12 Apr 2018
competition I was just saying Professor F that the opposition - namely Whitbread was rubbish so GK has scope to be better
lotcangorong
12 Apr 2018
Re: competition Note: the pub was full
