GNK worth a dabble say a spread bet ?..........
Tuesday 3 December
Pub chain Greene King (GNK) will release its first-half results on Tuesday.
Recent news: Panmure Gordon analyst Simon French described Greene King's first-quarter results as "solid". The pub chain reported 4.6% like-for-like sales growth in managed pubs, 5.7% in food, 3.7% in drink and 6% in accommodation.
Analysts' expectations: "We expect a robust performance and forecast £87.3 million of pre-tax profit," comments French, retaining his ‘hold' rating on Greene King.
Meanwhile, Geof Collyer from Deutsche Bank rates the pub chain a ‘buy'.
"The group remains our favoured UK pub retail play, given its track record and benign geographical exposure," he says.
Valuation: Greene King trades on a 2014 EV/EBITDAR multiple of 10.1 times.
(above from iii)