One of the better Drinks industry Investments/trades.

Certainly got Momentum in its favour and we have a bottom triangle/wedge formation breakout.

First resistance level at around 500p.



dyor

PRE-CLOSE TRADING UPDATE

STRONG TRADING CONTINUES INTO FOURTH QUARTER

Greene King announces its pre-close trading update for the 50 weeks to 15 April 2012. Its preliminary results for the 52 weeks to 29 April 2012 will be announced on 28 June 2012.

· Retail like-for-like (LFL) sales up 4.6% and up 4.5% in the last thirteen weeks
· Food LFL sales in Retail up 6.3% and up 6.7% in the last thirteen weeks
· Average EBITDA per pub in Pub Partners up 3.8% after 48 weeks
· Core brand own-brewed volumes up 0.8%

On Thursday, Greene King, will release full-year results, and they should be decent. There'll be nothing sparkling, with earnings expected to be flat, but we should see a dividend of around 4.6% with the shares on a P/E of about 10. Net debt is large, though, as is often the case with operators of pub chains.

Broker snap: Greene King's got further to go, says Peel HuntFri 22 June 2012 11:05
A A A
Peel Hunt has hiked its target price for pubs group Greene King and reiterated its 'buy' rating, saying that the stock still has some upside despite the recent strong performance ahead of its full-year results.

"The shares, up 8% in the last week, are clearly now in the process of re-rating as we have predicted. We believe there is much further to go, with Greene King's leading position likely to become very apparent at the finals," said analyst Paul Hickman.

The firm's results are due on June 28th and Peel Hunt says to expect a beat due a strong fourth quarter. Its forecast is slightly ahead of consensus estimates of £149m in pre-tax profit and 51.9p in earnings per share.

"Retail like-for-like (LFL) sales over-performed the sector average and are strong by any standards, at +4.5% in the final difficult quarter, or +4.6% for the year to date.

"While the final two weeks will be lower against the tough Royal Wedding comparative, which may reduce Q4 as low as +2% LFL, this is an excellent result in a tough year, and certainly well ahead of the 2-3% growth required to offset inflationary input pressure," Hickman said.

The target price is raised from 561p to 617p.

Shares were trading 0.86% lower at 519.5p on Friday morning.

28 June 2012


GREENE KING plc



Preliminary results for the 52 weeks to 29 April 2012



http://www.moneyam.com/action/news/showArticle?id=4397122

PERFORMANCE HIGHLIGHTS
· Retail like-for-like sales growth of 4%; food sales growth of 17%.

· Retail operating profit growth of 13%; EBITDA per pub over £200k for first time.

· Average EBITDA per pub in Pub Partners up 4%; substantive agreements at 98%.

· Brewing & Brands total volumes up 8%; revenue up 5%.

· Strong growth of 10.0% in adjusted earnings per share.

· Strong margins and cash generation support total dividend growth of 7%.

· Current trading strong; Retail like-for-like sales up 7% in the last eight weeks.

Greene King unveils record results
StockMarketWire.com
Pub retailer and brewer Greene King unveils record full-year results with pre-tax profits 8.6% up on last time.

Total revenues for the 52 weeks to 29 April rose by 9.4% to £1,140.4m with operating profits up 6.4% at £236.2 and pre-tax profits rising to £152.0m,

Statutory pre-tax profits were up 7/1% at £125.1m.

Retail like-for-like sales grew by 4% while food sales increased by 17%.

Chief executive Rooney Anand said: "Our team has once again delivered record results and attractive returns to our shareholders in a difficult environment.

"We have achieved strong growth and made further strategic progress.

"All our businesses are building customer loyalty by delivering industry-leading value, service and quality as we strive to be Britain's best pubs and beer business.

"We are in the middle of an exciting summer for Britain, despite the unpredictable weather, with the Diamond Jubilee, Euro 2012 and with the Olympics still to come.

"However, looking further ahead, our customers' spending will continue to be squeezed and concerns remain about job security.

"Our strategy is tailored for these difficult conditions as we focus on providing 'everyday treats' to our customers and delivering sustainable growth in earnings and dividends for our shareholders."

Had these for a few years, good divi and capital growth so far. Looking at exiting these between 600p and 650p around longer term resistance. Anyone else in these? Would appreciate any views on whether to sell, hold or increase holdings. Thanks H

I am in here- had them in my ISA for a year or so on income grounds and see them as a strong hold at least. They seem a well managed firm which performs.

Greene King investors should stop filling glasses after strong rally
It's time for investors in pub group Greene King to stop filling their glasses, according to Liberum Capital analyst Patrick Coffey, who called last orders on his stock recommendation and cut the company to “hold” from “buy”.


http://www.telegraph.co.uk/finance/markets/marketreport/9439442/Greene-King-investors-should-stop-filling-glasses-after-strong-rally.html

Though coming up for divi (18.1p) on wed 8th Aug '12.

http://www.moneyam.com/action/news/showArticle?id=4421168

sp down 5.5%

Around 3 percent of that due to ex dividend. I guess going ex was an excuse to take some profits. I am holding on hoping it to cover the ex div amount over the next week or so, but don't think there is a lot more to go, so will sell around 600p. H

Greene King shrugs off the bad weather blues
StockMarketWire.com
Brewer and pub operator Greene King said its Retail business enjoyed a 5.1% rise in like-for-like in the 18 weeks to 2nd September, despite the poor weather this summer.

The Olympics had a minimal net impact on the overall Retail performance. In London, the City and the West End were generally quiet while in the suburbs, including Realpubs and Capital Pub Company sites, trading was noticeably stronger.

The group said with Value, Service and Quality at the heart of its Retail trading strategy, it has achieved LFL food sales growth of 5.2%, LFL drink sales growth of 5.0% and LFL room sales growth of 4.9%.

In Pub Partners, after 16 weeks, average EBITDA per pub was up 3.5%, while LFL EBITDA in the core estate was down 0.5%.

After 18 weeks, Brewing & Brands core brand volume was -0.9%. Both Old Speckled Hen and Greene King IPA, following its relaunch in April, have achieved good volume growth. Total beer volume was up 0.4%.

Overall, margins, profit, cashflow and balance sheet remain in line with our expectations.

The group said it believes underlying trading trends across the business have been maintained through the summer, despite the disappointing weather. This is encouraging for the rest of the year, although it expects consumer confidence to remain subdued.

Greene King remains confident that its Retail growth strategy will continue to deliver earnings and dividend growth for our shareholders.

Going down rather well.

Sold my gk holding this aft.

Near 4 year highs @625.50p

Interims tomorrow, If good news hope to see it push MARS further higher.

Half Yearly Report

PERFORMANCE HIGHLIGHTS

· Retail like-for-like sales up 4.3%; total Retail sales up 10.9%.

· Retail profit up 17.4%; margin increased 120 basis points to 20.4%.

· Average EBITDA per pub up 3.9% in Pub Partners.

· Brewing & Brands revenue up 2.2%; market share up 50 basis points to 9.9%.

· Strong earnings & dividend growth; cashflow & balance sheet strengthened.

· Further improvement in group ROCE; up 20 basis points to 8.7%.

· Current trading resilient; Retail like-for-like sales up 2.2% in the last six weeks.

STRATEGIC PROGRESS

· Further retail expansion; additional 20 sites acquired or transferred from Pub Partners.

· Pub Partners estate down by 58 sites; influencing the offer in 26% of the estate.

· Brand investment maintained despite cost challenges in Brewing & Brands.

* before exceptional items

Ex-divi next wed 19th Dec (7.15p)

Interim Management Statement

Greene King announces its Interim Management Statement for the 36 weeks to 06 January 2013.

· Retail like-for-like (LFL) sales up 3.7% and food LFL sales up 4.1%
· Average EBITDA per pub in Pub Partners up 4.2%
· Greene King IPA and Old Speckled Hen ahead of last year

Rooney Anand, chief executive, said: "Our strong momentum has been maintained over the last six weeks. We achieved record sales through Christmas and the New Year as our teams once again delivered excellent value, service and quality to our customers.

Pubs continue to play a vital role for customers, families and communities across the UK during the festive period, especially in this difficult financial environment. We once again achieved record Christmas bookings and strong like-for-like sales growth across Christmas and the New Year. We achieved record Christmas Day sales of £2.7m, up 6.8%, and during the whole of December, we sold 448,000 Christmas meals, another record for Greene King."