Greggs Share Discussion Threads

[philanderer] 21/12/2018 13:36

Another free Greggs 'Festive Bake' courtesy of Three mobile :-)

[philanderer] 13/12/2018 18:07

:-)


Greggs Christmas socks on Ebay for FIVE times price after selling out in minutes

[philanderer] 09/12/2018 18:52

Greggs to launch vegan version of sausage roll in 2019

[essentialinvestor] 06/12/2018 12:35

I dare not stray too near a Greggs Phil, terrible sweet tooth,
my other half has the app.

[philanderer] 06/12/2018 11:19

Roll up, roll up! Greggs is bringing a free Christmas gift-wrapping service to Stratford

[philanderer] 05/12/2018 11:38

Greggs has unveiled its own range of Christmas presents - including a festive jumper and phone case

[philanderer] 03/12/2018 10:15

Barclays raises tp to 1400p from 1030p ... 'equal-weight'

[mozy123] 30/11/2018 23:11

Tried the steak and stilton roll? My fav!

[philanderer] 30/11/2018 14:04

In fact it was a 'Festive Bake' .. and very nice too :-)

[philanderer] 30/11/2018 11:56

Morning EI . As a customer of Three mobile they send out freebies with a code once a week. Just received a code for a free Greggs steak bake :-)

[essentialinvestor] 29/11/2018 20:22

What you may be seeing here is the benefit of the increasing shop estate
repositioning.

This does not got much press comment, however it's worth keeping in mind
there is an active programme of moving away from (only) traditional high st locations.
If you read any of their results they always highlight store closures with new openings.

I'm hoping to add on a bad day, which atm like a forloan hope. 20x too rich for my blood. Even allowing for the quality.

[philanderer] 29/11/2018 20:01

LOL 😊


"There’s an art exhibition in Newcastle dedicated entirely to the Greggs festive bake Artwork is being shown at a gallery in Newcastle for a week, and can also be viewed online"

Read more at:

[mozy123] 28/11/2018 23:03

Phil and his wife enjoying a steak bake outside a backwards greggs! Good show old chum

[philanderer] 28/11/2018 00:05

'In stock market terms budget baker Greggs has star quality': Sausage roll selling High Street favourite sees shares jump as it ups profit forecast

[philanderer] 27/11/2018 14:06

Peel Hunt note:

It’s not as though footfall has miraculously been picking out a trip to Greggs and then going straight home (although its newer ranges are resonating with customers), it’s more a case that conversion of potential customers has improved.

That is down to better staff training, which has meant that, especially at breakfast time, queue lengths have fallen and that has the happy consequence of reducing the number of customers taking a look at the queue and going elsewhere.

To be more specific on range, the Christmas product has landed well, but there has been a strong showing across the piece and of course strong LFL like this has had a positive impact on waste and thus margins.

Costs have been firmly marshalled as well (despite the improvement in queue lengths) and that is a function of management’s concern over trading earlier in the year (which now feels like a distant memory), and consequent mitigating cost purge.

It’s not all in the bag yet, and the next few weeks remain crucial, but Greggs is sufficiently confident to flag a 6% PBT upgrade from c. £82m to £86.7m for us (£85m becomes £89m next year).

We have to own up to getting too carried away with the slowdown earlier in the year. Even with the benefit of hindsight management is still at a bit of a loss to explain why the late Spring/early Summer was so weak, but it was clearly no more than a blip and was probably a reaction to the very un-Spring-like weather conditions across Easter.

Since then things have picked back up and the performance in the last few weeks, against those tough comps at a time when footfall has generally been weak, is highly impressive. Therefore we have to take our medicine on the recommendation and upgrade back to Hold.

At first glance we were tempted to go further, but the valuation at the shares’ current levels doesn’t appear to have much upside. The cash generation however will be highly attractive to some and there are many worse places to be if the top down view is a nervous one.

[philanderer] 27/11/2018 12:25

Shoe Capital reiterating 'hold'

Market report..

There was appetite for baker Greggs, shares up 13% after the company posted a rise in like-for-like sales and expected an increase in annual profit.

The sausage roll maker reported sales for the eight weeks to November 24 up 9.0%, with like-for-like shop sales up 4.5%. Greggs said it anticipates its pretax profit for 2018 to come in at "at least GBP86.0 million". A year ago profit was GBP81.8 million.

[philanderer] 27/11/2018 12:19

Yes Mozy she's done very well, buying on every results day for years and years :-)




Peel Hunt upgrading from 'reduce' to 'hold' and increasing tp from 950p to 1300p

[mozy123] 27/11/2018 10:23

Nice one Mrs Phil!

[essentialinvestor] 27/11/2018 09:43

9 will not be seen anytime soon!.
Congrats folks, great result.

[this_time_its_different] 27/11/2018 09:06

A sterling rise will help stocks like Greggs, we need to get done with Brexit and forget it ever happened. The market needs certainty. A vote down on the 11th December will hit sterling and UK domestic stocks, though the market is pricing in one way or another a deal is made before March. If we leave with no deal, I think we will be retesting those £9 lows again. Though labour have said they will do everything to get a deal, though makes no sense to vote down the only deal you have on the table?

[philanderer] 27/11/2018 08:55

Morning ttid , can't put a price on good management.

My wife will be chuffed about this , I've lost count of how many of these she has ;-)

[this_time_its_different] 27/11/2018 08:39

We deserve this philanderer, brexit has d-epresse-d all UK equities including stars like Greggs. I still think the stock is cheap, no way should it have sold off to £9 over a snowstorm. I used to see queues in Greggs and Barius b-ashin-g the stock. I see Barius is nowhere to be seen.