Ssp Share Discussion Threads

[rarther] 08/7/2015 09:49

It was indeed the perfect appointment as this company has huge revenue and razor thin margins, therefore she and her tight knit team of penny-pinching executives were the perfect match. We are seeing the expansion in margins but still some way to go.

However as you can see by looking at WH smith, once the foundations of frugality have been laid it is pretty easy to maintain and develop. If Swann and Smith were to disappear now (2 years in) it probably wouldn't make much difference to the company's path. They should be making £150-200m profit per annum at their leanest and they will be doing so if they continue on this path.

[dlku] 08/7/2015 09:25

SSP Group PLC (LON:SSPG) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 322.86 ($5.02).

[dlku] 08/7/2015 09:06

Its an international business and sales across the entire rail network so not a problem. Kings cross was heaving!

[rarther] 08/7/2015 08:31

For every day of bright sunshine and flogging £1.60 water by the pallet, there are days like today & tomorrow where half of london will not even bother to go to work and therefore ssp ends up throwing all the sandwiches in the bin yet still have to pay for 35000 contracted staff. The transport unions' strategies and Network Rail's planned maintenance programs are the two biggest thorns in SSP's side and they never go too long without rearing their ugly mugs.

Of course, over a year these ups and down even out. But I just thought I should bring a little bit of bearish misery to this otherwise chirpy forum.

[dlku] 07/7/2015 07:33

MKS food sales - great news for SSPG which operates the M&S stores at rail stations







Marks and Spencer Group Plc

Quarter 1 2015/16 Trading Statement

13 weeks to 27 June 2015



'Continued progress at M&S'



1) Food sales strong in a highly competitive market

· Sales +3.2%; LFL +0.3%: specialist strategy continues to deliver results

· Store opening programme on track with new stores performing well

[onjohn] 01/7/2015 15:13

OMG, in victoria station sweltering heat. selling small bottles of water at £1.60 they had massive queues. and everyone was eating baguettes in the station from upper crust. M&S also packed out. Theyre raking it in!

[rarther] 25/6/2015 13:48

The new ssp m&s waterloo store is taking around £25million p/a pro-rata. One shop. Mind boggling!

[dlku] 19/6/2015 10:32

Open your eyes when you walk down the the train station. Of all the food and drink outlets available Upper crust, M&S stores, and Burger King always has the biggest queues so must be doing something right. Long may it continue.

[dlku] 04/6/2015 10:32

ex div roday , lovely

[rarther] 02/6/2015 08:19

Stephen Message of Old Mutual is taking a big punt on the board here. Below is a link to an article from December 2014 when Old Mutual had 10% of the company. He says Old Mutual's position is overweight in their portfolio because they are optimistic that Swann can squeeze the margins more.

hxxp://www.moneyobserver.com/our-analysis/buy-hold-or-sell-stephen-message (change the http to http in the link).

They have since increased their stake, which must be well over 5% of their portfolio as the shares have gone up around 35% since that article. That seems a very heavy position for an income fund to have, but he seems to think the downside is limited.

[tjbird] 29/5/2015 08:30

SSP Group PLC (LON:SSPG)‘s stock had its “buy” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Friday. They currently have a GBX 350 ($5.51) target price on the stock. Citigroup Inc.’s price target points to a potential upside of 15.89% from the stock’s previous close.

[tjbird] 29/5/2015 08:25

old mutual now has 14pc nice

[rarther] 29/5/2015 08:23

Last year EQT owned 100% of SSP, now they own 0%. I assume the chairman will be stepping down as he is an EQT representative.

[rarther] 27/5/2015 21:46

£300,000,000 volume today, EQT dumping into results perhaps

[dlku] 27/5/2015 16:00

will be making big new highs before too long i think

[rarther] 21/5/2015 13:01

Don't forget this FTSE250 co is up 50% since floating last summer. Interims are in line with expectations but market has gotten ahead of itself hence the price fall on good results.

[dlku] 21/5/2015 10:04

folks selling on news and suspect a placing underway,yeah bit of a surprise to see,

[matplum] 21/5/2015 08:06

Wasn't expecting that. share price down again on a good set of results and a maiden divi?

[dlku] 21/5/2015 07:45

Commenting on the results, Kate Swann, CEO of SSP Group, said:

"We delivered a good performance in the first half of 2015 with profit up 28% and like-for-like sales growth of 3.0%. We have continued to successfully implement our strategy, and are encouraged by the significant contract wins we have secured so far this year.




This 28% growth is just the start of summat special mattyboy

[matplum] 20/5/2015 10:42

Ok diku, I with you.