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Greene King - Managed pubs doing well

October 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.

An â€œin lineâ€ update from Greene King with managed pubs registering like-for-like sales growth of 2.6% after 18 weeks and an even better 4.3% increase in the last ten, despite the riots, dodgy summer weather and a tough comparison with last year when the World Cup was held. Both of last year's acquisitions, Cloverleaf and Realpubs, are trading strongly, while the recent offer for Capital Pubs has gone unconditional, allowing the group to start the process of capturing operational savings. In Pub Partners, its tenanted division, average EBITDA per pub rose 2.4% after 16 weeks, although like-for-like EBITDA fell 1% reflecting the competitive environment. Based on JP Morgan Cazenove's unchanged eps forecast for the year to n ...

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Enquest

Kentz - FTSE-250 promotion driving shares

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 (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)

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Greene King - Managed pubs doing well

October 2011

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