Updates

Greene King - 8.2% jump in like-for-like sales

June 2011

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.

The sun is certainly shining on Greene King, with good weather helping it achieve an 8.2% jump in like-for-like sales in its managed pubs division in Q4. For the first 51 weeks as a whole, managed pubs achieved underlying growth of 4.7%. Bellhaven (its Scottish business) and the recently acquired Cloverleaf also traded well, while divisional margins for the full year will be slightly ahead of last year. Meanwhile, its smaller tenanted pubs division continues to outperform in a tough sector and achieved like-for-like EBITDA growth of 0.8% for the first 48 weeks, with average EBITDA per pub growing 1.9%.Separately, Greene King has announced the acquisition of Realpubs for Â£53.1m, to be funded by existing bank facilities. Rea ...

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TMI Trader Portfolio - June '11

Greene King - Organic growth slows (September 2015)

Greene King (December 2014)

Greene King (August 2014)

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

Greene King - Shares heading for Â£10 (February 2014)

Greene King - Scorching summer boosts trade (October 2013)

Greene King - Heat wave should boost pub sales (August 2013)

Greene King - Gains since recommendation: 88% (June 2013)

Greene King - Shares hit new high of 675p (February 2013)

Greene King (October 2012)

Greene King - Shares hit three-year high (August 2012)

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 - 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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