Greggs Dividends - GRG

Greggs Dividends - GRG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Greggs Plc GRG London Ordinary Share GB00B63QSB39 ORD 2P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  -12.00 -0.64% 1,870.00 1,899.00 1,854.00 1,894.00 1,882.00 16:35:29
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Industry Sector

Greggs GRG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

this_time_its_different: Check the share price after 5 years, that's all what counts really. Everyone knows stocks are volatile, money not needed for 5 years plus should be in shares. We may re-test the lows, I saw a lot of panic selling today. Strange really.
philanderer: Relentless selling, looks like that 1800p chart support will be tested sooner rather than later. ---------------------- Alliance News: Greggs Shares Dip Despite Shore Deeming Update "Fabulous" in Greggs fell on Tuesday despite Shore Capital believing the baker posted another "tremendous" top-line performance . ===================== "Today's trading update was always going to be a tough one for Greggs. The publicity around its vegan sausage roll earlier this year was so effective that it drove more people to visit its stores and that had such a positive impact on earnings. Sales continued to beat expectations as the year went on, leading to a sharp rise in its share price," said AJ Bell investment director Russ Mould. "The new trading update shows that the rate of sales growth has now moderated," Mould said, "partially because the comparative trading period a year ago was fairly strong".
ostrading2: Trading statement on 1 October... should be a rocket under share price. Amazed at how few shares are in issue.
bouleversee: An article by Tempus in The Times today is saying Greggs is a buy, with a forecast p/e (acc. to Shore Capital) of 23.7 and forecast yield of 4.6%. Is that correct? I seem to remember reading that they had increased their dividend but the share price has also gone up further and brokers have the yield (last year's presumably) as 1.6%. Perhaps they are paying a special which is not included. I could look at their annual report but am unlikely to be able to read it on my laptop. I am making a good profit on my Greggs shares (got the timing right for once, more by luck than judgement) but they are not in my ISA which, according to Sod's Law, holds most of my losses and am debating whether to transfer some or all, depending on cgt calculations, to the ISA, though when I have done that in the past with other companies, the share price has dropped and never recovered!
investorschampion: Greggs' share price is up 61% since the company launched its vegan sausage roll. ESG investment: are plants the future of food? hxxps://
countless: An interesting read Shares in baked goods and FTSE 250 constituent Greggs (LSE: GRG) were in fine fettle this morning following news the excellent start to its financial year has continued. Before getting into whether Foolish investors may wish to consider buying or selling the shares at the current time, let’s take a closer look at those all-important numbers from today’s update. “Materially higher” profits Thanks to more people visiting its shops, total sales have “continued to grow very strongly,” increasing a little over 15% in the first 19 weeks of the year. Compare that to the 4.7% achieved over the same period in 2018 and you get some idea of just how well the “leading bakery food-on-the-go retailer” has been doing lately. Like-for-like sales from its 1,700 company-managed units rose 11.1% from 1% last year. That’s also more than the 9.6% growth from the first seven weeks of 2019 reported back in early-March. It seems people simply can’t get enough of those much-hyped vegan-friendly sausage rolls. But it gets better. Those already holding the stock will also no doubt be cheering the company’s comments with regard to its outlook for the rest of 2019. Despite facing increasingly tough comparatives from last year, management now believes Greggs will achieve “materially higher sales” than previously expected. While there will be some ongoing investment, underlying profits (before exceptional costs) will now be “materially higher” too. As an investor, it doesn’t get much better than that. No surprise then that Greggs shares are now 13% higher as I type. But will it last? I don’t mind admitting that, back in January, I questioned whether it might be time to take some profit on Greggs. After all, the shares had already done extremely well following my initial buy call back in May last year. Thanks to recent positive trading and a resurgence in general market sentiment over the first five months of 2019, however, the stock just refuses to acknowledge gravity. Assuming its new summer menu is positively received and plans to continue growing the number of units in travel and workplace catchments are realised (it opened 38 news shops in the trading period, 10 of which were franchises in transport locations), it’s certainly possible that they could move even higher. So, has my view now changed? I really don’t think it has. While I consider Greggs to be a fine business (returns on capital employed have been in the mid-20s for a number of years now) and a rare exception to the vast majority of firms that have a presence on the average high street, I can’t get away from the fact that the shares have now gone from expensive to seriously expensive. Before today, analysts were forecasting earnings per share growth of 4.2% in the current financial year. That gave Greggs a forward price-to-earnings (P/E) of 23 — a valuation you might expect from either a hyper-reliable consumer goods company, or a promising technology business. Last time I checked, Greggs was neither. Rather tellingly, its five-year average P/E is 17. Although profits are now expected to be higher, this is arguably already priced in following today’s reaction. In my experience, high expectations tend to be positively correlated with a higher risk of disappointment. If the novelty of its vegan sausage rolls (particularly among self-identifying carnivores) begins to dissipate, I’m wondering if those buying in at today’s record share price may regret their purchases.
philanderer: Laith Khalaf, a senior analyst at Hargreaves Lansdown, said: “The new vegan sausage roll has helped bring home the bacon for Greggs, prompting a spike in sales at the start of this year. “It’s unclear how much of the boom can be attributed to sales of actual vegan rolls rather than simply the publicity associated with the launch. However, catering for vegan diets is now rising up the priority list for many food retailers, with M&S recently launching its new vegan range, Plant Kitchen. “This isn’t just a flash in the pan for Greggs either; it builds on strong performance last year and demonstrates it is still possible for bricks-and-mortar retailers to earn a crust on the UK high street. Last year, total sales rose by 7.2% and the baker opened around 100 new outlets.” HTTPS://
philanderer: 'In stock market terms budget baker Greggs has star quality': Sausage roll selling High Street favourite sees shares jump as it ups profit forecast
this_time_its_different: share price is very undervalued, because of brexit etc. Trading at 16 times earnings. Stock should be closer to 1250p, not 1000p. STRONG BUY
this_time_its_different: UBS is also undervaluing the business, Greggs is a STRONG BUY right now, just because it snows doesn't mean the business is finished. Look at the wonderful weather we have had over the last few weeks, footfall is going to increase drastically and so will Greggs share price. You are getting a bargain buying these shares under 1100p, you will never see Greggs below that price ever again. Market sentiment changes very quickly and once greed takes over, Greggs is going to charge towards 1200p where it belongs at a minimum.
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