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Share Name Share Symbol Market Type Share ISIN Share Description
Applegreen Plc LSE:APGN London Ordinary Share IE00BXC8D038 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 295.00 290.00 300.00 - 0.00 07:42:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,600.1 31.5 15.1 18.3 356

Applegreen Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
18/9/2020
12:38
Featured in Investor's Champion's update today "It is very hard to gauge whether that is a bargain or classic value trap, but I’m not sure many would consider a highly geared operator of petrol forecourts and motorway service areas to be a high growth investment opportunity!"
energeticbacker
18/9/2020
10:30
djderry, I think we agree that the Welcome Break purchase was a good entry strategy for the UK MSA market. My use of the term 'vanity project' was to describe the previous strategy of trying to build four new MSAs from scratch on really poor sites that other operators wouldn't touch, in a vain attempt to compete with Moto. As you say, this would take decades and is, in my opinion, a poor use of shareholders' capital. Yet despite COVID, APGN's management is unwilling to knock these projects/sites on the head to save money. The company obtained planning permission for a new MSA at Rotherham last November, but there is no sign of this being built-out and I doubt the company can afford to do so. The same week, APGN was refused planning permission for the proposed Vale of York MSA, yet management is now pursuing a planning appeal that is due to go to a (very expensive) Public Inquiry at some point. Buy not build should be the UK MSA growth strategy.
cafno
18/9/2020
07:22
The business continues to recover.
djderry
30/8/2020
00:35
I disagree with your use of the term 'vanity' project.If you are an investor then you should know why you've invested.The 'Welcome' purchase made perfect sense to me on every metric.If they were to seek to build from scratch,it would have taken decades and,on many motorways there are by-laws which would prevent them ever building.So they have bought the MSA UK business in one fell swoop.
djderry
29/8/2020
21:07
'Growing the business' is not a strategy. It is the raison d'etre of the Board and their duty to shareholders. HOW to grow the business in a challenging global marketplace - now that needs a well thought-out strategy. It's been clear to me for a long time that buying into the UK MSA market would be a better strategy for APGN than trying to build new MSAs from scratch on the 'leftover' sites other more experienced operators don't want. How much the company has spent on these vanity projects in its efforts to compete with Moto 'because they are #1' might be a good question for the AGM. In the current climate, I'm not sure APGN has the capital to be able to afford its development pipeline.
cafno
29/8/2020
19:47
Well there is a pandemic going on.Growing the business in the UK and the US has been a core strategy.Of course no one saw a global virus shutting down entire economies overnight.There was nothing vain about pursuing a growth policy where the petrol pump attracted customers into the rest of the retail food/beverage business.I'm still positive about this company.In the post-covid world people will still travel.
djderry
29/8/2020
13:10
APGN's delayed shareholder AGM is to be held on 1st September, in closed session, so shareholders can't attend. Can't help feeling they want to avoid scrutiny of their business operations. They could at least have done a Zoom meeting. It's the 21st century!
cafno
13/6/2020
16:47
Anyone know what APGN are doing about a shareholder AGM this year? Usually in May.
cafno
13/5/2020
14:19
The positive spin to try and change market sentiment appears to have been started today, with APGN placing articles in the friendly press. Actions speak louder than words. Management could rebuild working capital faster if they canned some of the expensive vanity projects in the 'development' pipeline and focused instead on the core business proposition.
cafno
10/5/2020
17:06
The pumps are running dry at Applegreen Sabah Meddings Sunday May 10 2020, 12.01am, The Sunday Times https://www.thetimes.co.uk/article/the-pumps-are-running-dry-at-applegreen-9qz59ftq6
someuwin
10/5/2020
15:58
Diesel isn't exactly expensive to buy in bulk at the moment either. Applegreen seems to have over-reached itself with investment in expansion projects in the US and UK and has taken it's eye off the ball of good customer service. AGM should be interesting.
cafno
10/5/2020
15:38
site near us hasnt had diesel for 4 days - there are no supply issues within the industry
ellemaitch
07/4/2020
15:00
Yeah maybe, give him a call. On the positive, the markets are generally up today with a lot of countries looking to ease restrictions and get back to some form of normality. Expecting a rise on this soon.
sh1984
03/4/2020
11:22
Thanks sh1984. Perhaps he'll tell me why APGN are still p*ssing shareholders money up the wall on hiding-to-nothing projects like this one... hxxps://www.yorkshirepost.co.uk/news/politics/final-showdown-bid-stop-motorway-services-2523226
cafno
31/3/2020
09:30
Give him a call, he is usually very receptive based on my experience. Anyway best of luck with whatever you decide. I visited there store a yesterday and they were open and very busy.
sh1984
27/3/2020
22:06
Yup, I stayed invested in both because I believed in Jobs and Bezos and their strategies (and did very well). My feelings for Etchingham and APGN are not comparable.
cafno
27/3/2020
20:14
During 2008/2009 crisis, Apple $AAPL dropped from $28 to $12 and Amazon $AMZN from $90 to $40. Turned out okay
sh1984
27/3/2020
13:51
Revenue is vanity, profit is sanity, cash is reality! Good to see the CEO say "Our primary focus in the immediate term remains the delivery of further synergy benefits from Welcome Break". Future benefits and revenues will take a hit from COVID-19. While all stocks are exposed, fuel and retail stocks are particularly so. A sensible strategy would be to preserve cash by by deferring development capital expenditure, especially from some of the more risky 'vanity' projects in the pipeline. At 61% down over 2 years, I'm seriously considering bailing for something less risky.
cafno
27/3/2020
12:46
They have been operating throughout the outbreak and have also received approval to keep stores open to serve the community as a essential provider of services to the public during this difficult time.
sh1984
27/3/2020
08:15
Now that's a nice update, revenue up by 53% and plans in place to deal with the impact of Covid 19. Nice rise this morning...
sh1984
26/3/2020
17:41
The world will get back to normal sooner or later. This isn’t the only share affected by Covid19. Let’s see what results come out tomorrow.
sh1984
26/3/2020
16:09
sh1984: "Expecting some record numbers in the update about to come tomorrow" So what? hxxps://www.rte.ie/news/business/2020/0324/1124985-applegreen-on-virus-impact/
cafno
26/3/2020
15:01
Expecting some record numbers in the update about to come tomorrow
sh1984
21/3/2020
11:52
Going to be hit badly by the COVID-19 crisis, both on fuel and retail sales. Applegreen's strategy of trying to break into the UK Motorway Services market (rather than just petrol stations) through new builds has cost them badly and is floundering. They need to focus on making the Welcome Break acquisition work and on driving revenue out of the existing estate. My investment is down 51% over 2 years and I have lost faith in Applegreen's management. Their business strategy is little better than an Irishman in a betting shop!
cafno
Chat Pages: 4  3  2  1
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