Maybe the broker note guesses are AI generated these day :-) - certainly cheaper than employing brokers to sit in wine bars. |
Just goes to show that they don't have a clue! |
FWIW and take your pick :-
Deutsche Bank cuts Greggs price target to 2,000 (2,400) pence - 'sell'
----------
Berenberg cuts Greggs price target to 3,420 (3,600) pence - 'buy' |
Space, just to clarify I asked as a question, I don't know the answer, or at least scale of usage in years ahead.
What is perhaps easier to discern is that we are in the infancy of a new class of weight loss medication. It's very likely more people will be on these in 5 years time, than now - but what % of the population etc.. |
I read that as 'While injecting.....' |
EssentialInvestor10 Jan '25 - 08:42 - 4940 of 4942
Phil, is there a longer term threat to profitability from the new class of weight loss drugs, which look to be increasingly widely adopted?.
EI, personally, I know more people eating sausage rolls and pasties than injecting themselves with weight loss drugs. btw, the weight loss was discovered as a side effect when using Wegovy to treat diabetes. |
A very good point. The amount of gym dodgers who will be gobbling up appetite supersets will undoubtedly have an effect on fast food retailers. |
Phil, is there a longer term threat to profitability from the new class of weight loss drugs, which look to be increasingly widely adopted?.
Terry Smith has sold out of DGE, citing a longer term reduction in alcohol consumption from the same medication.
Obesity is now costing healthcare systems so much that it's likely a
significant net saving to provide these medications to large numbers of the population. |
What turns me off about Greggs is that they don’t have salt. Not even the wee sachets. Can’t eat a steak slice without salt. C’mon. |
You were lucky - I had one of their chicken slices. Felt ill for ages. |
My last 3 or 4 visits to Greggs have led to me walking out with nothing. No sausage rolls for 5 mins twice, bacon sold out another & no bacon rolls sold after 11 at 10 past or somesuch internal 'rule' Ludicrous inability to organise items for sale |
FWIW
Broker UBS reiterated its ‘buy’ rating on the shares post the update. Full year results are due on 4 March.
II.CO.UK |
Never thought I would see the day... dining out in a Greggs, its considered a luxury.. maybe 2 times a year, as a special treat.. while I queue wearing my Greggs tracksuit. |
To see the non-sens of all these "analysts" is to check their Buy/Sell recommendations on any stock.
They are all +/-40% out of the norm.
Many years ago, Goldman Sachs put a Strong Buy on MKS on a Friday morning.
On Monday at 7.00 am MKS released a profit warning.
Probably GS shorted it on that Friday as a deception, before saying "buy" ... |
WD Deutsche.
Watching for the bounce? No posn. |
Great call by Deutsche last november.
8th november Deutsche 'sell' tp 2400p |
Going to take a long time to come back from this fall.
Russ Mould, investment director at AJ Bell, said: "Amid weaker footfall in general across the UK high street in the last quarter of 2024, it's no wonder that Greggs' sales growth has slowed down. People are watching every penny and popping in for a coffee and a savoury or sweet snack is now starting to feel like a luxury rather than a transaction that requires no thought.
"Public outrage over Greggs adding another 5p to the price of a sausage roll to £1.30 shows how sensitive consumers are to price hikes. The cost of food has kept going up and we're reaching a tipping point where people are saying enough is enough, and they're cutting back on non-essential
Alliance News |
My portfolio is down today, so I decided to short the FTSE and what does she do :-( |
New menu items are causing queues as they take too long to prepare. You think you're going to be in and out in no time, then someone orders a load of nonsense!
It's also starting to look rather expensive.
A staff member said she would not buy anything unless she received her discount—I suggested she keep that to herself! |
Nearly Every time I do into Greggs, thieves take a big bag and swipe all the sandwiches and drinks. The manager used to confront them, but they don't now.
Costa across the road used to be busy. It's dead now. So if Greggs are going to be struggling, urgh 2025 is going to be a tough year. |
Talk about over reaction - just nuts ! |
2300p chart support blown away........next stop looks to be 1700p
Almost 1 million shares traded ... and still yielding under 3% |
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