Greggs Share Discussion Threads

[rubberbullets] 25/6/2016 13:23

i wouldnt touch this with yours

[rubberbullets] 25/6/2016 08:18

they need to import grain and pig puss where prices will inflate. Wretched

[rubberbullets] 24/6/2016 09:51

heard on news cost of pies going up

[someuwin] 18/5/2016 15:17

Greggs loses takeaway loo battle in Hull

Greggs could be forced to provide toilets in all its stores that have customer seating following a High Court ruling.

Hull City Council, which brought the action, said the chain should provide sanitary facilities if food and drink are consumed on the premises...

[shauney2] 10/5/2016 08:37

Greggs bakes in good performance, says Shore

Baker Greggs (GRG) has reported a ‘robust’ trading statement against a challenging backdrop for the high street, said Shore Capital analyst Darren Shirley.

Retaining his ‘hold’ stance Shirley commented on the statement for the first 18 weeks of Greggs’ 2016 financial year: ‘In this period Greggs delivered total sales growth of 5.7% of which like-for-like revenues increased by 3.7%.

‘We deem such a trading performance to be very robust indeed against what has been a demonstrably challenging backdrop for the majority operating on the UK high street, though conditions that have also embraced the likes of Next,’ Shirley said.

‘We have admired Greggs as a company for many years; its values, its evolution and its prospects. Recent trade, against weak high street footfall and a tough comparison…is impressive as Greggs sustains its heritage in a more modern and sustainable context. There is much more for this group to go at to deliver onward earnings and dividend growth. As such, balancing off reasonably fair and fulsome valuation metrics compared to other food-to-go, mid-cap food producers and retailers, we deem Greggs’ shares as a “hold”.’

The shares yesterday closed at £10.97, up 29p or 2.7%.

[philanderer] 09/5/2016 09:31

Falafel and flat whites: Greggs enjoys its salad days

[shauney2] 09/5/2016 08:28

Nothing to say on the trading statement diku?

Very positive.
LFL well up.They are feeding the popular market of healthy food and coffee on the go.

[philanderer] 05/5/2016 20:48

Oops .. sorry guys wrong thread :-)

This one is definitely ok....

"...On the mid-cap index, investors gobbled up shares in Greggs after broker Investec began covering the baker with a “buy” rating. Analysts believe the FTSE 250 company is at “an interesting juncture”, having spent the last two-and-a-half years transitioning towards the food-on-the-go market and delivering a strong set of results."

[2pegasus] 05/5/2016 14:34

Update on 9th May.

[2breakout] 05/5/2016 11:39

what update?

[philanderer] 05/5/2016 09:22

Very nice update :-)

[philanderer] 20/4/2016 23:52

xd in the morning for 21.2p

[shauney2] 17/3/2016 20:31

Thats still a long way from your 450p call.

[onjohn] 17/3/2016 18:06

Berenberg analyst Sam England upgraded his ‘sell’ recommendation to a ‘hold’ and increased the target price from 925p to £10.20. The shares rose 10p to £10.82 yesterday


Hold so u can lose 60p

[shauney2] 17/3/2016 17:39

A lot of sugar in sausage rolls lol

Greggs upgraded on boosted roll-out plans

Baker Greggs (GRG) has been upgraded despite having a tough act to follow this year after a positive 2015.

Berenberg analyst Sam England upgraded his ‘sell’ recommendation to a ‘hold’ and increased the target price from 925p to £10.20. The shares rose 10p to £10.82 yesterday.

‘While Greggs had a strong 2015 on the back of good like-for-like sales, UK leisure names in our coverage have pulled back strongly in 2016 year-to-date, with Greggs down 18%, The Restaurant Group down 42% and Cineworld down 12%,’ he said. ‘However, we believe after Greggs’ 2015 results this month that it has addressed some of our key concerns, leading us to take a more positive stance.’

England said he had been concerned about the limited store roll-out ‘with plans to increase the store base from 1,700 sites capped at 2,000’.

‘However, with Greggs announcing in its full-year results that it was planning to increase its site base “substantially beyond” 2,000 sites we think growth could be higher than our original expectation,’ he said.

‘With the company’s forays into franchised stores in transport hubs and service stations proving successful, management believes it can roll out substantially more than the 105 currently in operation, supporting medium-term top line growth.’

[dlku] 16/3/2016 19:32

Tax on sugar aint going to go down well here

[mike24] 01/3/2016 14:49

nearly as bad as the sell note by
another broker on dignity @ 650

you make allowances for xmas wk when customers
routines change, would it matter if Costa sold less drinks
for a few days of the yr,

get out of the chair & do some research!

[philanderer] 01/3/2016 13:54

Would think the experts at Berenberg are stroking their beards and looking at that 'sell' tp 925p they put out in january ! ;-D

[alphabeta4] 01/3/2016 12:42

Well done Phil, nice paper profit there - wish I'd made a grand off it this morning! Earlier I was hoping the brokers would up their targets - have to see if it can break £12.

[philanderer] 01/3/2016 10:46

Yep, Canaccord have retained their 'buy' and 1325p target

.. and ShoreCap 'hold' retained

[philanderer] 01/3/2016 10:05

Bought 1000 shares @ 1073p this morning for my wife`s account. For the last five years she has bought 1000 shares twice a year on the morning of the results.

She does the same with DOM .

Puts all my faffing about trading/investing to shame :-D

[alphabeta4] 01/3/2016 09:54

Christ - didn't expect it within an hour. Sold £11.80, very rare for me to buy and sell the same day.
Good luck all, it's looking relentless.