Greggs Share Discussion Threads

[ariane] 31/8/2019 14:34

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.
The group usually releases upbeat results with huge surprise rates.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 1567 GBp

Weaknesses

The company benefits from high valuations in earnings multiples.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

[geraldus] 29/8/2019 19:17

And they know it's not that ridiculous number.

[bouleversee] 29/8/2019 19:09

I think greggs will know how many stores they can roll out without problems and will concentrste on rolling out food which customers find palatable.

[geraldus] 29/8/2019 18:42

Could roll out 500 to 1000 shops without serious problems.The best laugh I've had today.

[philanderer] 28/8/2019 23:04

Market report:

An upgrade from brokers at UBS also boosted baker Greggs.

Analysts at the Swiss investment bank put a 'buy' rating on its stock, up from a previous rating of 'neutral', and bumped up the target price of its stock from 1880p to 2300p.

They also said the chain, which has around 2,000 stores, could roll out another 500 or, at a stretch, 1,000 without serious problems.

The vote of confidence in its stores came a few days after it announced it is working on vegan versions of all its best-selling foods after the marketing coup that its vegan sausage roll pulled off in January. Greggs rallied 4.5 per cent, or 88p, to 2054p.

[philanderer] 28/8/2019 12:34

UBS today upgrading from 'neutral' to 'buy'... tp 2300p up from 1880p

[philanderer] 27/8/2019 16:25

Shhould be support at 1800p looking at the chart.


'Greggs set to create vegan steak bakes'

27-Aug-2019

High street baker Greggs is looking to turn its hand to vegan variants of some of its most popular food items, following the success of its vegan sausage roll.

[ariane] 24/8/2019 07:50

The Guardian: Greggs is working on vegan versions of all its bestselling products in a bid to repeat the runaway success of its vegan sausage roll.

[bouleversee] 23/8/2019 17:24

Gosh, they've come back a lot since 5 Aug.

[philanderer] 23/8/2019 17:02

23rd aug Canaccord hold tp 2050p

[philanderer] 20/8/2019 08:56

That's 2000p given way for the first time in a few moths.

[philanderer] 07/8/2019 15:23

Greggs is Kicking off the Countdown to Christmas With the Return of Its Festive Bake

[philanderer] 05/8/2019 09:10

MIDAS SHARE TIPS UPDATE: Greggs shares have risen sixfold in ten years - but you can still tuck into them as they're really on a roll!

[philanderer] 01/8/2019 23:28

He sold 20,000 @ £12 last year ;-)

He's over 60 years old and got plenty of shares. I say sell some of them , spend the cash and enjoy it :-)

[bouleversee] 01/8/2019 20:41

I see Roger Whiteside has sold @ £22.64 15,878 of the 34,529 shares he had just acquired nil-paid. Presumably, he's not expecting any further big increases in the foreseeable future.

[philanderer] 31/7/2019 13:35

DINNER WINNER Greggs to open in the evenings – and they’ll be a dinner time meal deal

[philanderer] 31/7/2019 08:27

UBS 'neutral' reiterates

[capercaillie] 30/7/2019 19:42

Greggs results were high up the agenda on BBC news at 6pm. Now many business enjoy that profile.

[philanderer] 30/7/2019 16:56

Investors Chronicle:

Greggs (GRG) has announced a very strong first half of the year, with like-for-like sales among company-owned shops up 10.5 per cent on the same period last year. The performance was driven by the surprise success of its vegan sausage roll, though the group’s breakfast offering is proving popular and it is expanding its click and collect and delivery trials.

However, investors seem to fear the group has reached its peak, and even the announcement of a 35p special dividend wasn’t enough to stop shares sliding 2 per cent this morning.

Buy.

[philanderer] 30/7/2019 16:14

Market report:

Greggs dropped 6.5% to £22.30 despite declaring a special dividend after reporting 'exceptionally strong' half-yearly performance as its new vegan-friendly sausage roll continued to rake in sales.

But the market was more concerned that Greggs said it warned on higher food input costs in the balance of the year, resulting in overall cost inflation being at the higher end of its expectations.

Stockmarketwire.

[mike24] 30/7/2019 14:10

Having bought a retail unit next to Mcdonalds has become
a nightmare, they have joined with Uber Eats
McDelivery has arrived, causing traffic grid lock
around our unit,

but Greggs could do the same?

[this_time_its_different] 30/7/2019 11:09

I only have 193 shares here, I wish I added more but oh well. I might top up a bit just for the special divi. Though the most I've paid is £13 a share, so big price difference now.

[philanderer] 30/7/2019 11:08

Adam Vettese, analyst at investment platform eToro, said Greggs was the stock market superstar of 2019 so far.

'Although their latest update seems to read well, some investors have clearly decided they’ve had their fill and sold off this morning.'

'Yet, the brand continues to be popular. Its strong sales show a business still capitalising on the success of its controversial vegan sausage roll. Vegan credentials go a long way in the market at the moment, as we have seen recently with Beyond Meat.'

...Markets.com analyst Neil Wilson said these were 'some pretty tasty numbers', but expected, hence the share drop.

[this_time_its_different] 30/7/2019 11:07

special dividend is worth a top up though, 35p per share for nothing.