Greggs Share Discussion Threads

[market sniper3] 13/1/2016 13:50

Of course it is. you could say that about any financial ratio. Obviously used for relative performance V competition.

Your still missing the big point......FOOT FALL reduction in Town Centres.

No good having reduced costs if no buggas there to buy the grub in the first place.

[pastybap] 13/1/2016 13:32

Every chance. Current lowest pay rate at Greggs is £7.11. Living wage is £7.20. Hardly a big threat. More likely to harm competitors! Raw material costs, energy bills, corporate tax rates will more than offset this. Scale will also help reduce input costs.

Price to Book is not appropriate for this kind of business!

[market sniper3] 13/1/2016 13:22

Margins improve!!!!!!, what with a guarantee of the minimum living wage.

Not a chance.

Price To Book 3.4!!!!!!!!!!!!!

[pastybap] 13/1/2016 13:11

Well that's your opinion, but at least express it in a more reasonable and objective way like you did in your second paragraph.

I beg to differ. They are the lowest cost base baked goods supplier in the UK and will continue to eat up market share. Input costs are falling, other than employment costs from the living wage hike. This hike will hit small suppliers harder as they have lower economies of scale and efficiency instore. It will be farely easy and cheap to adapt to customer location choices.

As for PE, I have it as approx 18 x 2016 forecasts (58.54 on Morningstar). That's not too shabby for a company with ROE and ROCE at 18 and 23 respectively, and likely to wide as margins improve.

All in my opinion, but if the price jumps tomorrow to £xx I won't be jumping up and down and rubbing your nose in it.

[market sniper3] 13/1/2016 12:54

I am showing class...........lower class and proud of it.

Fact is this is on a P/E of 28/29 for sandwich shop, and it is not sustainable, especially with the retail customer changing direction away from town centres.

[pastybap] 13/1/2016 12:11

market sniper3 - Show a bit of class and quit with the endless gloating.

[market sniper3] 13/1/2016 11:10

Dead dog Bounce.

[market sniper3] 13/1/2016 09:17

GRG getting rogered again.

[market sniper3] 13/1/2016 08:35

I agree 750p would bring the P/E down to a more respectable level.

[market sniper3] 13/1/2016 08:34

Yep but the shops are placed in the wrong places. Far too many on high streets where foot fall is falling.

[rubberbullets] 13/1/2016 07:47

RBS tells investors 'In a crowded hall, exit doors are small. Risks are high'
Mass sell-off could be as severe as the 2008 market meltdown, bank says

Greggs was about £3 in 2008 i think?


Read more:

[philanderer] 13/1/2016 00:33

Telegraph:

Greggs
£10.49 -176p

Questor says HOLD

Shares in Greggs [LON:GRG] fell 14pc after sales at the bakery chain slowed in the fourth quarter.

However, Questor thinks the sell-off was overdone as the long-term growth story remains intact, and the company’s opportunity to return cash in the future is attractive.

[rubberbullets] 12/1/2016 17:49

Problem with Greggs is theshares tank and tank and tank quick

[philanderer] 12/1/2016 17:42

Sharecast:

Greggs declined after Shore Capital downgraded the company from 'buy' to 'hold' despite posting a 5.2% rise in sales for the 52 weeks to 2 January 2015.

Shore Capital noted the company's warning about the National Living Wage which comes into effect this year, and downgraded the stock on valuation grounds.

plus.....

Canaccord reiterates 'buy' , target 1325p

[market sniper3] 12/1/2016 16:39

LOL, how much have you lost today Ian.

£10 support followed by 835p, coming to a greggs near you SOON.

[ianood] 12/1/2016 16:35

Dissociative identity disorder (DID), previously known as multiple personality disorder is a mental disorder on the dissociative spectrum characterized by the appearance of at least two distinct and relatively enduring identities or dissociated personality states that alternately control a person's behaviour.

[market sniper3] 12/1/2016 16:18

NO you mean the share price dropping through the floor does.

[ianood] 12/1/2016 16:14

Truth hurts Mr multiple alias!

[pastybap] 12/1/2016 16:13

Settle down ladies.

[market sniper3] 12/1/2016 15:43

Ian ......FO IDIOT.

[ianood] 12/1/2016 15:35

ALBANYVILLAS/marketsniper3 - having disclosed 2 aliases(probably of many) can you please advise me of the purpose in having more than one avatar.
I can only think it is either for indiscriminate ramping/deramping or maybe it's dissociative identity disorder? Please advise, I'm keen to learn.

[albanyvillas] 12/1/2016 15:29

support circa 800p