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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Greene King - Managed pubs growing well

January 2010

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:
  • 418p
Shares in Greene King soared to an intra-day high of 440p after the regional brewer and pubs operator released fairly upbeat results.  For the 24 weeks to October 18, revenues increased 4.3% to £464m while pretax profit rose 2.8% to £62.4m. The additional shares arising from the rights issue caused eps to decline 17.2% to 22.6p. In the retail division (managed pubs) revenues rose 4.5% to £278.2m, helped by like-for-like sales growth of 4.6%, which was driven by strong food sales. While the group mostly stemmed cost inflation through strong cost control, overall profits were virtually unchanged at £52.1m. The Pub Partners (tenanted/leased pubs) division, which is run by self-employed publicans, saw revenues fall 8% ...

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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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