Ssp Share Discussion Threads

[philanderer] 09/1/2015 13:41

9th jan Numis add tp 300p
9th jan Shorecap buy -


reiterations

[johnsoho] 09/1/2015 10:10

First Quarter Trading Update

SSP Group plc ("the Group"), a leading operator of food and beverage outlets in travel locations worldwide, announces its trading update for the first quarter of its financial year ending 30 September 2015, covering the period from 1 October 2014 to 31 December 2014.

Trading in the first quarter of the 2015 financial year

The Group's overall trading in the first quarter has been in line with expectations.

On a constant currency basis, total Group revenues for the period from 1 October 2014 to 31 December 2014 increased by 2.9%, with like-for-like sales growth of 2.7%, compared with the same period last year. At actual currency rates, given the strengthening of Sterling compared with the prior year, total Group revenues decreased by 0.1% year-on-year.

Like-for-like sales growth benefited from strong performances in the U.K., North America, the Middle East and Asia Pacific, although, as expected, trading has remained challenging in some parts of Continental Europe, notably France and Germany. In terms of new business, we are making good progress in developing our pipeline, and continue to expect a stronger net contract gains performance in the second half of this financial year.

Outlook

The outlook for the Group remains unchanged from that given in our full year 2014 results on 27 November 2014. Whilst a degree of uncertainty continues to exist around passenger numbers in the short-term, the Group remains well positioned to capitalise on the underlying positive trends in its markets.

Currency

Trading results from our overseas operations are converted at average foreign exchange rates over the year. In comparison with last year, Sterling has strengthened against many of our key currencies (including the Euro, Norwegian Krone and the Swedish Krona). Currency movements have a translation impact only.

[philanderer] 09/1/2015 08:49

Non- event , sterling strength etc..

[housemartin2] 08/1/2015 13:36

Don't think we can expect an awful lot from Q1 tomorrow. I expect only modest increase in Revenue. The reason I invested here was the prospect of significantly increasing margins over the next 2 or 3 years with some steady top line growth turning this into an altogether more valuable company. Don't expect we will hear much at this stage other than Revenue and confirmation ( hopefully) that the strategy is on track.

[philanderer] 08/1/2015 13:27

Bought a few back this morning.


SSP Group: Panmure Gordon initiates with a target price of 330p and a 'buy' recommendation

[philanderer] 07/1/2015 16:23

Sold for a good profit this morning. Back on the watchlist for now.

Luck to all holsders.

[philanderer] 06/1/2015 19:31

Ah ! some getting out before next monday.....


Telegraph market report:

"...SSP, the owner of Upper Crust and Caffe Ritazza fast food outlets ubiquitous in airports and train stations, was another that was downgraded to “equal weight” by Morgan Stanley analysts and consequently fell 17.4p to 272½p. From Monday, SSP’s private equity backer EQT is free to sell-down its remaining 37.5pc stake in the company as the lock-up agreed at the float will have expired."

[philanderer] 05/1/2015 10:51

Numis reiterating 'add' this morning.

[housemartin2] 30/12/2014 11:57

London Times today page 3.'Less bread for more dough:smaller baguettes leave bitter taste'

'One of Britain's leading (?) sandwich sellers has quietly cut the size of its baguettes. Upper Crust and Café Ritazza have sliced an inch of their baguettes but without necessarily reducing their price.'
SSP first mentioned by name in para2. Spokesperson says its less than an inch and most reduced in price and only done to bring them in line with market portion size and not to do with cost saving. (Mmm!)

Bit of other stuff about denying napkins unless asked by customer and reducing tea bags in pot of tea etc. Company has come back on all points in the article so reasonably handled.

[johnsoho] 24/12/2014 15:37

Yep, hope you are correct and that there is a breakout in 2015:)

[philanderer] 24/12/2014 14:51

Breaking out in 2015 hopefully ? :-)

[philanderer] 19/12/2014 15:16

Volume picking up nicely with the US opening.... 600k so far

[philanderer] 19/12/2014 09:17

Minimal volume but again not interested in joining in with this scrooge rally.

Always 2015 ;-)

[housemartin2] 13/12/2014 14:08

- yep, they have made it up. Sloppy journalism.

The latest re divis is in the 2014 Preliminary Results page 9 where they say they are aiming for a fist declaration in H1 2015 with payment in H2. All a maybe (but they do still have significant PE ownership !)and would show SSP moving steadily forward with confidence in the future.

[philanderer] 12/12/2014 17:27

Where he`s got the 1.6% is a mystery .. all I`ve ever seen is ..

The Board has targeted an initial payout ratio of approximately 30 to 40% of Underlying Profit for the Period, split equally between interim and final dividends.

[housemartin2] 12/12/2014 13:14

Philanderer - have you noticed MF deliberate error re SSP dividends ??

[philanderer] 12/12/2014 09:13

Should You Buy Whitbread plc, J D Wetherspoon plc Or SSP Group PLC?

[philanderer] 07/12/2014 17:08

World's first CNN Traveller Café created in partnership with SSP at Abu Dhabi International Airport

[philanderer] 05/12/2014 17:03

Top week .. +24p since last friday`s close

[philanderer] 05/12/2014 13:23

FLASH: Canaccord Genuity starts buy on SSP Group, 300p target

5 December 2014 | 11:24am

Stockmarketwire

[rarther] 05/12/2014 11:24

When the stake building bot has a day off this share is so quiet (for a billion pound company)... no volume at all.

[philanderer] 04/12/2014 17:02

In the end over 400k traded for the day....

UT: 146k @ 281p

[philanderer] 04/12/2014 11:28

Nice move up in the last 15 minutes , low volume printed at the moment.

[philanderer] 02/12/2014 22:54

Late flight home from Leeds Bradford to Heathrow tonight and Caffe Ritazza was packed :-)