logo-loader
viewGreene King

Greene King share price dip bottoming out, so time to go long

Greene King PLC’s (LON:GNK) share price could be set to stop its recent, with Zak Mir expecting the stock to bottom out soon and then take a turn for the better.

“As far as the technicals are concerned, cautiously buying towards the 700p level,” Mir explains in the latest segment of the TIP TV Proactive Investors Bulletin Board.

He does add that it might be worth waiting until after the brewery’s interim results which are due out this Wednesday (30 November).

“Is there much incentive to go long over the shares ahead of such a binary type of result?,” Mir asks.

“They could be full of good cheer or they could be full of misery, so it’s probably worth waiting on that.”

On a separate but related issue, Mir bemoaned the potential 30p hike in beer prices after pub bosses warned inflation and soaring business costs they could force to up the price of a pint.

“It’s ridiculous. What, have you got to be a millionaire to go to the pub now?”

Quick facts: Greene King

Price: - -

LSE:GNK
Market: LSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Location Sciences Group releases state of privacy and...

Location Sciences Group PLC (LON:LSAI) Chief Business Officer Jason Smith tells Proactive the AIM-listed company which provides verification and analytics services for location data, has released its state of privacy and location marketing report.  Smith says the report is in response to...

2 hours, 22 minutes ago

2 min read