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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Greene King - Shares heading for £10

February 2014

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:
  • 914p
Shares in pubs operator Greene King edged to a new high above £9 following solid interims, showing pretax profit and eps both rising 6% to almost £86m and 30.4p respectively. The engine room was again retail (managed pubs), which increased profit by 8% to £83m on turnover up 7% at £438m. Food, drink and room sales increased 4.5%, 2.6% and 5.8% respectively as the group's focus on improving menus and increasing exposure to London and the South East gained traction. 22 pubs were either acquired or transferred into this side, taking the total to 1,008 pubs, restaurants and hotels.Within Pub partners (booze led tenanted pubs) revenues and profit fell 5% to £70.4m and £30.7m respectively but that reflects an 8% reduction i ...

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