Greene King (GNK)
Posted: November 25th, 2016, 11:44 am
Hi,
Greene King is the country’s leading pub retailer and brewer, running over 3,100 pubs, restaurants and hotels in towns, villages and city-centre high streets across England, Wales and Scotland.
https://www.greeneking.co.uk/our-company/
Market cap: £2.25bn
Bid: offer 714.5p:715p
Book value: 606p
P/E (historic) 12.8
P/E (forecast) 10.1
yield (historic) 4.4%
yield (forecast) 4.6%
Dividends at the company have been increasing since 2010.
Last trading statement, 9th September 2016:
http://www.investegate.co.uk/greene-kin ... 00063746J/
Pub Company delivered like-for-like (LFL) sales growth of 1.7% including a strong start to the year as customers enjoyed the European Football Championships and better weather. Growth was driven by our Local Pubs estate.
In Pub Partners, LFL net income was up 4.5% after 16 weeks, while in Brewing & Brands, own-brewed volume declined 0.5% over the same period...uncertainty surrounding the UK's future withdrawal from the European Union has translated into a softening of some economic indicators and a reduction in consumer confidence. While the broader implications remain unclear, a number of recent industry surveys have flagged risks to leisure spend and we are alert to a potentially tougher trading environment ahead.
Last year's interims were published on 2nd December. I worry over minimum wage, input costs and business rate rises. But Greene King has a great product, no doubt.
Asagi (no position)
Greene King is the country’s leading pub retailer and brewer, running over 3,100 pubs, restaurants and hotels in towns, villages and city-centre high streets across England, Wales and Scotland.
https://www.greeneking.co.uk/our-company/
Market cap: £2.25bn
Bid: offer 714.5p:715p
Book value: 606p
P/E (historic) 12.8
P/E (forecast) 10.1
yield (historic) 4.4%
yield (forecast) 4.6%
Dividends at the company have been increasing since 2010.
Last trading statement, 9th September 2016:
http://www.investegate.co.uk/greene-kin ... 00063746J/
Pub Company delivered like-for-like (LFL) sales growth of 1.7% including a strong start to the year as customers enjoyed the European Football Championships and better weather. Growth was driven by our Local Pubs estate.
In Pub Partners, LFL net income was up 4.5% after 16 weeks, while in Brewing & Brands, own-brewed volume declined 0.5% over the same period...uncertainty surrounding the UK's future withdrawal from the European Union has translated into a softening of some economic indicators and a reduction in consumer confidence. While the broader implications remain unclear, a number of recent industry surveys have flagged risks to leisure spend and we are alert to a potentially tougher trading environment ahead.
Last year's interims were published on 2nd December. I worry over minimum wage, input costs and business rate rises. But Greene King has a great product, no doubt.
Asagi (no position)