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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Greene King - Shares hit new high of 675p

February 2013

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.

  • Epic Code:
  • GNK
  • Price:
  • 667p
Shares in pubs firm, Greene King have hit a new high of 675p and more than doubled on our original tip after it produced decent interims  for the 24 weeks to 14 October. Both revenues and pretax profit rose 7% to £566m and £82.7m respectively, while eps increased nearly 9% to 29.2p. 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 and sales on this side rose 11%, helped by the addition of 20 pubs to take the total to 972, while the like for like growth was 4.3%. Growth was evenly spread with food up 4.9%, drink rising  3.8% and room sales gaining 4.3%. Operating profit increased more sharply still by 17.4% to &p ...

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Greene King - Best in class pubs firm offers strong medium-term growth opportunity (April 2011)
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Greene King - To expand managed pubs business (August 2010)
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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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