Greggs Share Discussion Threads

[spacecake] 30/7/2019 07:54

I think they are saying "Take this bit extra, this is as good as it gets, now go off and worry about brexit !"

[waldron] 30/7/2019 07:31

Dividends

In setting the interim ordinary dividend the Board applies a formula so that the interim payment is the equivalent of approximately one third of the total ordinary dividend for the previous year. On this basis the Board has declared an interim dividend of 11.9 pence per share (2018: 10.7 pence). The overall ordinary dividend for the year will be declared in line with our progressive dividend policy, which targets a full year ordinary dividend that is two times covered by underlying earnings.

Having taken into account the Company's investment requirements and the intention to maintain our progressive dividend policy, along with the current political and economic uncertainties facing the UK, the Board has concluded that around GBP35 million of the Company's cash position is surplus to requirements. In accordance with our policy on cash distribution the Board has therefore declared a special dividend of 35.0 pence per share.

The interim and special dividends will be paid on 3 October 2019 to those shareholders on the register at the close of business on 6 September 2019.

Outlook

Current trading remains strong, although we continue to expect that the rate of like-for-like growth will begin to normalise as we face stronger comparative numbers in the second half of the year. Commodity cost pressure has been modest in the first half of 2019 but we expect higher food input costs in the balance of the year, resulting in overall cost inflation being at the higher end of our expectations.

The negotiation of the UK's exit terms from the European Union continues to present significant uncertainties in the months ahead, with the potential impact that a disorderly exit might have on supply chains, tariffs, exchange rates and consumer demand. As disclosed at the time of our preliminary results in March, we are building stocks of key ingredients and equipment that could be affected by disruption to the flow of goods into the UK.

Given the strength of our year to date and the outlook, we have decided to increase investment in strategic initiatives in the second half of the year to help to deliver an even stronger customer proposition and further growth in the years ahead. These additional investments will offset the higher returns from our ongoing strong momentum, and therefore we maintain our previous expectations for underlying profits for the year as a whole. At the same time the strength of our financial position is allowing us to deliver enhanced returns for shareholders.

[bookbroker] 30/7/2019 07:27

Maybe, but does not justify mkt cap of £2.5bln!

[warala] 30/7/2019 07:21

EXCEPTIONAL TRADING PERFORMANCE

[philanderer] 29/7/2019 20:47

Numbers tomorrow are going to have to be very good to justify the current shareprice. Fingers crossed.


'Greggs is opening its first intu Trafford Centre store this week'

[philanderer] 26/7/2019 21:38

Interims due tuesday.

[philanderer] 23/7/2019 20:36

Revealed: The SECRET Greggs items that you can only get in certain places around the UK

[philanderer] 23/7/2019 00:36

Anyone tried jackfruit ? ;-)


What is jackfruit? This vegan pulled 'pork' is the healthy food trend you need to try
Even meat lovers can't get enough of this deliciously healthy food.

[the grumpy old men] 19/7/2019 13:04

COULD THERE BE A CHANCE THAT ANALYSTS WILL MARK THIS UP WHEN REVISED EARLY AUGUST


JULY/30/2019 Interim 2019 Earnings Release

[the grumpy old men] 19/7/2019 13:00

Summary

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

In a short-term perspective, the company has interesting fundamentals.

Strengths

The company is in a robust financial situation considering its net cash and margin position.

Historically, the company has been releasing figures that are above expectations.

Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

Over the last twelve months, the sales forecast has been frequently revised upwards.

For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

Within the weekly time frame the stock shows a bullish technical configuration above the support level at 1546 GBp



Weaknesses



The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

With an expected P/E ratio at 29.59 and 26.39 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

[the grumpy old men] 19/7/2019 12:58

Would this burger tempt you to eat meat?

The Impossible Foods meat-free burger hits the shelves in White Castle burger restaurants.

Two BBC presenters - one vegetarian, one carnivore - put it to the taste test. How does it shape up against the old fashioned meat-based version?

[bouleversee] 19/7/2019 09:56

And up to 2490p this a.m. It's hard to part with shares which have done so well for me but I suppose I ought to think about taking profits. Must work out the cgt situation.

[philanderer] 18/7/2019 22:41

After the mind-boggling success of Greggs' vegan sausage roll and its almost baker's dozen of profit upgrades, it might at first seem surprising that Peel Hunt has downgraded the stock rating from 'hold' to 'reduce'.

Peel Hunt analysts said its half-year results 'will be magnificent' on July 30 and the bakery chain will probably raise profit forecasts once again. But they are of the view that the market is already well aware this is coming.

They have urged investors to take profits here because the shares are 'priced for perfection' and might soon start to tumble.

The bittersweet praise sent Greggs shares down 1.1 per cent, or 28p, to 2448p

[philanderer] 18/7/2019 16:21

Peel Hunt downgrades from Hold to Reduce.

[philanderer] 12/7/2019 20:13

Greggs opens fourth drive-through in Newcastle

[philanderer] 12/7/2019 18:02

Greggs builds on its vegan success with drive-throughs and deliveries

With sales of £1bn and its shares soaring, the UK bakery chain is looking to maintain momentum

[philanderer] 12/7/2019 14:29

And trying 2400p again ;-)

[philanderer] 11/7/2019 17:38

Big volume on a down day , 480k traded

[philanderer] 11/7/2019 14:37

But not quite holding it .

[philanderer] 10/7/2019 09:24

Wow , there's 2400p :-O

[philanderer] 03/7/2019 16:40

Blimey, GRG my 3rd largest holding now.

[daijavu] 28/6/2019 09:40

I've got one of his books in my library as well. It is excellent.

[countless] 27/6/2019 14:20

Daijavu your such a fundamentalist! My trading library is slowly growing. Best still is the Naked Trader series, who like you does not place too much cop in charts. I've attended a couple of Mr Burn's seminars. Excellent and he is a real nice bloke.

[daijavu] 25/6/2019 09:21

I got books by people who insist that everything you need to know about a share is in the charts. It is why I ignore the charts.

[countless] 25/6/2019 08:20

Well I got that wrong!