Greggs Share Discussion Threads

[this_time_its_different] 01/10/2019 09:58

There are a lot of dogs in the UK markets......Imperial Brands, Centrica, BT, Vodafone , Marks and Spencer....which have delivered pathetic returns. This is one of the best companies trading on the LSE. If you want real growth you go to US tech, however since sterling is so weak and will rebound after brexit, it makes sense to take a bite out of Greggs.

[shanklin] 01/10/2019 09:55

Great company, but what forward P/E is justified by the continuing strong growth?

[this_time_its_different] 01/10/2019 09:53

We have come down from £24, this is a good entry point. I don't see the shares getting much cheaper than £19, with absolute resistance at £18.

[la forge] 01/10/2019 09:49

Outlook

As previously disclosed, we are preparing for the potential impact of the UK's departure from the European Union by building stocks of key ingredients and equipment that could be affected by disruption to the flow of goods into the UK. Overall input cost inflation is in line with our previous guidance to the end of the year, with pressures on both labour and food input costs.

Operational cost control has been good and we are progressing selective investments in the strategic initiatives that we expect to deliver an even stronger customer proposition and further growth in the years ahead. We continue to expect that year-on-year sales growth in the balance of the year will reflect the strengthening comparatives seen in 2018, and our expectations for the full year outturn remain unchanged.

[this_time_its_different] 01/10/2019 09:42

Strong buy

[philanderer] 01/10/2019 09:30

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 08:56

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 08:50

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 08:38

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 08:21

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 08:17

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 08:14

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 08:05

You guys should be buying this dip.

[this_time_its_different] 01/10/2019 07:59

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 07:46

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

[thomstar] 01/10/2019 07:45

Market thinks differently

[this_time_its_different] 01/10/2019 07:25

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

[this_time_its_different] 27/9/2019 14:29

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 13:55

How many outstanding?

[ostrading2] 24/9/2019 13:21

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

[luderitz] 16/9/2019 19:37

I think the word is enterprising.

[philanderer] 16/9/2019 19:08

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

[2breakout] 16/9/2019 19:02

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.