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Greene King - Shares hit three-year high

August 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Greene King have surged to a three-year high of 576p after reporting solid results for the year to 29 April, the highlight of which was an 8.6% rise in pretax profit to £152m, while eps increased 10% to 53p. The cornerstone of its strategy is an acquisition led push to expand its managed pubs division to take advantage of the expanding eating out market. So far so good, as helped by contributions from three acquisitions (made between January-September last year for a combined £202m), which increased its managed estate by 5% to 938 pubs, revenues grew 13% to almost £804m with food sales increasing from 37.8% to 39% of the total. Operating profit rose 13.3% to almost £150m with margins unchanged at ...

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Greene King - Large disposal of non-core pubs (June 2014)

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Greene King (June 2012)

Greene King (March 2012)

Greene King - Shares finally wake up (February 2012)

Greene King - Managed pubs doing well (October 2011)

Greene King (September 2011)

Greene King - 4.9% jump in managed pub like-for-like sales (August 2011)

Greene King - 8.2% jump in like-for-like sales (June 2011)

Greene King - Best in class pubs firm offers strong medium-term growth opportunity (April 2011)

Greene King - Acquires Cloverleaf (March 2011)

Greene King - To expand managed pubs business (August 2010)

Greene King (June 2010)

Greene King - Strong Christmas trading (March 2010)

Greene King - Managed pubs growing well (January 2010)

Greene King - Trading more upbeat (October 2009)

Greene King - Resilient final results (August 2009)

Greene King - 3:5 rights issue at 270p (May 2009)

Greene King - Well financed pubs operator over-sold on prospective PE of 6.3 (March 2009)

Greene King - Well run pub operator on PE of just 5.4 (December 2008)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Greene King - Shares hit three-year high

August 2012

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