Greggs Share Discussion Threads

[this_time_its_different] 31/7/2018 09:25

Greggs was never in trouble, like I said, it was the snow. We are going to move a lot further up, this is just the start of the short sellers getting burned. I see another 10-15% upside over the next week.

[essentialinvestor] 31/7/2018 09:17

Lovely result folks.

Notice the genius expecting a dividend cut and profits warning
disappeared - just like that! As Tommy Cooper used to say.

[this_time_its_different] 31/7/2018 09:10

I hope all you short sellers are getting royally shafted today.

[philanderer] 31/7/2018 09:03

😊👍

[this_time_its_different] 31/7/2018 07:41

IF Greggs doesn't open within the first 30 seconds on the LSE, we are either going to move up big or down big. I assume up, but you never know!

[useless23] 31/7/2018 07:41

Look at that massive gap on the chart that needs filling...

[this_time_its_different] 31/7/2018 07:40

Yeah not bad, market should react up with these results, given we were oversold.

[useless23] 31/7/2018 07:39

A mixed bag I think but I think the market was expecting worse.

[unnavailable] 31/7/2018 07:33

Not as bad as expected.I think.

[spacecake] 31/7/2018 07:29

Could have been worse!

[useless23] 30/7/2018 16:33

I increased my position just before the close. Good luck all.

[essentialinvestor] 30/7/2018 12:56

Luck for tomorrow folks, interesting update to come.
A lot of bearishness already in the price?, Soon find out.

[spacecake] 27/7/2018 12:08

I'm back in here with a toe in the water, now that the rains have arrived !

[unnavailable] 27/7/2018 10:30

Appalled seems a bit extreme, no?. I doubt anyone was appalled at this.

[philanderer] 27/7/2018 10:13

Westminster Greggs’ regular patrons have been left stunned and appalled yesterday evening after they were faced by an officious blockade of water bottles and a sign informing them that the popular new eatery had closed for the rest of the day “due to the extreme heat”.

[andyj] 25/7/2018 13:28

Is it really?Damn I invested heavily in Japan after a visit there. Those indigenous tricksters hey?

[liquidkid] 24/7/2018 10:05

andyj 3238
Here in the UK the indigenous peoples queue for everything. Most even queue for queues. In some parts it is even a sport & part of the weekly exercise routine. e.g just going down to the shops to queue for fish & chips.

For any investor the observation of queues is really bad for business. This could be explained in another post but please wait indefinitely for that post.

In the meantime Here is another example.
Stuck in a 10 deep queue (in Greggs) & the person at front was fiddling with her phone. Yelled out 'get off yer phone, waiting here' lots of tut tuttling twitches over the regulated crowd, as English social etiquette dictates that 'we're all in this (suffering) together' Clearly she was not the cause of the queue merely the effect. whispers: 'Pull yourself together, man. Women & infantiles first' Turns out she was trying to pay by iphone app.

[essentialinvestor] 24/7/2018 09:27

Re the dividend- the payout ratio is in the low 50's,
so any talk of an imminent dividend cut is la la land stuff.
Whether they maintain guidance is what the market will focus on,
coupled with l4l numbers.
I'm guessing this heatwave is unhelpful, so a more cautious
tone would not be a surprise.

[unnavailable] 23/7/2018 18:33

I think the excellent weather will have helped footfall. Not sure if enough to negate the effects of the prior terrible weather.Will probably still state a cautious outlook. But an in line with expectations, which was 81m pretax (iirc) should see this rise.I bought in last week, definitely too early. My notes say recheck at £8 but I became impatient because I usually miss the bounce. Got to see past the current year, if your horizon is expanded to 2-3 years from now, it's a definite buy at these prices.Imo, obviously.

[useless23] 23/7/2018 16:20

You wish. I was in Greggs today, it was so busy it made me smile. Lot's of choice on offer for catering for all tastes. I'm looking forward to the results.

[barius] 23/7/2018 13:26

'Challenging trading conditions' statement due next week. Divi cut must be on the cards.

[useless23] 23/7/2018 12:43

I'd love to see how many orders are stacked up at 900

[essentialinvestor] 23/7/2018 12:05

Results tomorrow week.

[essentialinvestor] 19/7/2018 15:17

Some recent weakness may be FX concerns re produce costs/margins.
Around 16.5x forward atm. Worth watching at the very least,
or a buy, hold and forget stock.

[jibba jabber] 19/7/2018 12:29

I think 900p is a good entry price, very much on my radar this one.