Greggs Share Discussion Threads

[philanderer] 18/5/2018 10:01

UBS retains 'buy' .... tp 1400p cut from 1435p

[this_time_its_different] 18/5/2018 09:34

Barius, you've gone all quiet on me, I'm still waiting for Greggs to drop below 1000p. Oh wait, what's that, it's rising now is it? shame.

[this_time_its_different] 17/5/2018 16:48

You can do all the slapping you want, I haven't seen Greggs go below 1000p, what I have seen is a lot of resistance at 1020p. The longer Greggs stays put, the more likely it is going to start trending up. Sentiment changes fast in the market.

[barius] 17/5/2018 16:06

(slaps forehead with palm)

[this_time_its_different] 17/5/2018 15:21

Based on the fact once a stock moves down over 30%, it's more likely to go up than down even further.

[barius] 17/5/2018 15:06

...based purely on the fact that you have invested heavily in them.

[this_time_its_different] 16/5/2018 19:03

Well I am telling you Greggs is oversold and will move past 1100p over the next few days.

[keyno] 16/5/2018 13:40

I've already made it this_time and have nothing to add. My stance on this share is between me and myself. I wish you well.

[this_time_its_different] 16/5/2018 12:31

keyno, what is your point? I'm just reading the charts as it is, the stock has come down from 1400p, which is quite a drop. If Greggs were in trouble with growing earnings, you could say 700-800p is fair valuation, but they are not. One bad quarter does not make a company bad, this stock is going to turn hard, mark my words.

[keyno] 16/5/2018 10:32

Am mulling this one over.......... Can't help noticing that one of the major bulls here, this_time_etc has a history of posting on ADVFN of less than a month.

[this_time_its_different] 16/5/2018 09:29

Greggs have a great brand, great marketing and are practically the only place to go to for a bake or sausage roll. The market has overreacted and the people who BUY now will be rewarded over the next few months once Greggs moves towards 1200p again.
At any price below 1100p, I am long Greggs.

[this_time_its_different] 16/5/2018 08:59

Greggs is not overvalued, it was overvalued at 1400p, a fair valuation right now is 1200p. If anything it's oversold. I bet my shirt and your shirt (Barius) Greggs will not go below 1000p.

[barius] 15/5/2018 15:15

(Almost) everyone knows Greggs is overvalued. It's just a case of waiting to see how low they go before considering a punt.

[essentialinvestor] 15/5/2018 14:28

The balance sheet is pristine, the accounts look some of the cleanest
you will see. The ability of the Company to reposition locations is underestimated imv. Would agree the rating atm looks fullish.

[r ball] 15/5/2018 12:33

I don't think steak bake sales hold up well in sunny weather. Weather extremes are not good for business.

[this_time_its_different] 15/5/2018 12:28

I'm saying BUY, at 18 times earnings Greggs is not super expensive. Especially with this sunny weather, earnings will pick up and Greggs will start trading at a higher multiple.

[glasgow13] 15/5/2018 11:17

daily mail says sell.

[this_time_its_different] 15/5/2018 10:32

These brokers are mad, they are more deluded than the general public.

[philanderer] 15/5/2018 09:56

Barclays retains 'equal-weight' , cuts target from 1405p to 1030p

[this_time_its_different] 15/5/2018 09:44

Barius, it's not going below 1000p, I'll take your shirt though just incase.

[barius] 15/5/2018 08:51

This t.it's different - Do you need to borrow a shirt? :)

[r ball] 15/5/2018 05:46

Direction of travel unsure. As Gregg's embarks on a £250m capital programme we have declining high street footfall, and a shift away from sugary and fat foods (how does steak bake fit into this?). I'll wait until things become clearer.

[r ball] 14/5/2018 21:40

No obvious support chart wise. I suppose this is why you have a stop loss....

[ntv] 14/5/2018 17:37

agreed EI
they are always closing less profitable outlets
making use of flexible leases and changes in parking
if it is so easy to copy why has nobody done so?
£9 would be a nice price and virtually no debt
i'm going to wait and see what happens as rating is pretty lofty
i nearly shorted it but thought this greggs
still like their sausage rolls every now and again when i am near one of their outlets but not good for the waist line!!