Greggs Share Discussion Threads

[this_time_its_different] 01/10/2019 10:42

Strong buy

[philanderer] 01/10/2019 10:30

bouleversee, chart support looks to be 1800p. Might be prudent to see if that holds. Wouldn't have thought the shareprice is going to rocket north any time soon. Hopefully will consolidate in the 1800p - 2000p range.

There's a lot of good news priced in at these levels. .. strong 'hold' for my portfolio. £/ Brexit is the main unknown regarding raw material costs.


"Greggs serves up a tasty third quarter"

[this_time_its_different] 01/10/2019 09:56

This also has brexit fog over it, which will be lifted after brexit. Sterling is sure to move up into the 1.30s. You can risk adding US stocks like Apple and Visa, but as sterling moves up, your gains will evaporate. Better to buy good UK domestic companies like Greggs now.

bouleversee, what is a lot? If Greggs is less than 10% of your portfolio that is not a lot.

[bouleversee] 01/10/2019 09:50

philanderer -

What do you think? I was contemplating topping up my kids' ISA holdings and possibly adding a few more to mine as well but I already have quite a lot. I can think of worse places to put some of the accumulated dividends which I don't know what to do with in the present climate.

[philanderer] 01/10/2019 09:38

Morning everyone.

Reassuring update. The shareprice has doubled in the last 12 months. Can't see much to be disappointed with.

Dividend and special divi due to be paid on thursday.

FWIW, this morning...

Shore Capital reiterates 'hold'
Peel Hunt reiterates 'reduce'

[this_time_its_different] 01/10/2019 09:21

There she goes, I can imagine Roger and the board are buying in at these prices.If you have cash, seriously just buy. By divi time, we will be again around mid twenties.

[this_time_its_different] 01/10/2019 09:17

I feel this will rebound quickly, so buy as much as you can today and tomorrow. We won't be seeing below £20 ever again.

[this_time_its_different] 01/10/2019 09:14

Don't panic sell here, the stock has already stabilised, so this is the bottom basically. Buy this dip.

[this_time_its_different] 01/10/2019 09:05

You guys should be buying this dip.

[this_time_its_different] 01/10/2019 08:59

We were severely overbought at £24, fair value at £19-£20. It was going to go down even with good results, you needed exceptional results for a rise. Strong buy, £26 price target in a year time.

[bouleversee] 01/10/2019 08:46

So why did the share price go down? I expected a rise.

[thomstar] 01/10/2019 08:45

Market thinks differently

[this_time_its_different] 01/10/2019 08:25

Great set of results, strong buy. We will move to £24 by the end of the year.

[this_time_its_different] 27/9/2019 15:29

Shows 99 million? Is this correct? I own around 500 of them, so can't be too many investors in this. Pretty easy for any professional investor to amass 1000-2000 shares, so float is indeed low.

[this_time_its_different] 27/9/2019 14:55

How many outstanding?

[ostrading2] 24/9/2019 14:21

Trading statement on 1 October... should be a rocket under share price. Amazed at how few shares are in issue.

[luderitz] 16/9/2019 20:37

I think the word is enterprising.

[philanderer] 16/9/2019 20:08

Greggs is about to start selling £4 evening meal deals at 500 stores

[2breakout] 16/9/2019 20:02

Not sure I see people going to Greggs for KFC style chicken, surely they just go to KFC but who knows. Stick to what you're good at usually works best.

[bouleversee] 09/9/2019 14:46

It was supposed to launch on Aug. 27 so how did it go?

[this_time_its_different] 09/9/2019 13:08

It's just a sterling recovery that I am scared of, I hold quite a few dollar based stocks which will outperform greggs (if it wasn't for a sterling recovery). That I why I need to find decent UK stocks to hedge the portfolio.

[sarkasm] 08/9/2019 11:04

this_time_its_different
7 Sep '19 - 14:01 - 3594 of 3595
0 0 0
Ok I'm prepared to buy £1000 worth of Greggs at this price, bringing my holding closer to 250 shares. I'm going for the sterling recovery trade, even if no deal b-rexit with boris. I can't see the pound staying below 1.3 for long.


You might be right to buy as we move towards christmas and post brexit

Think though that this is approaching strong resistence beyond 2150p