Greggs Share Discussion Threads

[this_time_its_different] 01/10/2019 14:36

If I had it my way, stocks would only get quoted once a month. Would get rid of all this noise in the market, like the same company traded for £21 and £18.50 today, if that isn't market irrationality, I don't know what is.

[philanderer] 01/10/2019 14:25

Yep, for sure.

[this_time_its_different] 01/10/2019 14:09

At 2400p I knew Greggs was stretched and I was waiting for the pullback to add on, we are now down to 1900p and have our pullback. This looks like a time to top up, but no deal brexit could put more pressure on us as sterling collapses.

[philanderer] 01/10/2019 14:07

ttid, I think one of the earlier post said that it could be 'momentum investors' who are selling out and moving on. It'll be difficult to carry on at the pace it went over the last twelve months.

Still a top quality company but having to drop back down now to find buyers.

[this_time_its_different] 01/10/2019 14:07

I want to see 1900p hold, will know that we are on the way up. Will probably trade sideways from 1900p-2000p for a few months. I don't see any action till next trading report, where we should come back to 2400p.

[claret dragon] 01/10/2019 14:05

In at 18.60

Structual gap closed.

[this_time_its_different] 01/10/2019 14:03

Double bottom, hopefully can rebound. I don't know why people are selling this stock, one of the best businesses in the UK, lines out the door at times.

[philanderer] 01/10/2019 14:00

1900p looks to be the ceiling at the moment. Sellers coming in at that level.

[this_time_its_different] 01/10/2019 13:48

Check the share price after 5 years, that's all what counts really. Everyone knows stocks are volatile, money not needed for 5 years plus should be in shares. We may re-test the lows, I saw a lot of panic selling today. Strange really.

[bouleversee] 01/10/2019 13:40

I also dived in as I saw the price was starting to go up again but had to pay 18.84. If it drops again, I'll top up the kids' ISAs. Things change quickly. While I was doing all that and recording it the sun was blazing and I thought I'd better get outside for my required daily dose of Vit D. Now it is bucketing down. Will refrains from checking what the share price has done till I have had that lunch which got postponed.

[philanderer] 01/10/2019 13:33

Bakery giant Greggs plans to continue expansion with ninth Belfast store

[philanderer] 01/10/2019 13:30

Greggs Devises Backup Recipes for Any Brexit Food Shortage





Greggs stockpiles pork for sausage rolls ahead of Brexit

[this_time_its_different] 01/10/2019 13:15

I only have around 700 shares, so more than most. Nothing is peanuts, we all have our own crosses to bear, we save and invest what we can for our kids.

[this_time_its_different] 01/10/2019 13:14

Topped up at 1880p, extreme fear here, way oversold.

[bouleversee] 01/10/2019 13:02

Do you think the threat/promise of a rise in the basic wage, which would presumably in turn generate increases at higher levels, will have much of an impact or will they just increase their prices? I see this threat was given as the excuse for the drop in Marston's prices.

[bouleversee] 01/10/2019 12:57

In answer to This Time's question, I should have said "a lot for me", probably peanuts for most on here, i.e. 848 in dealing acct., bought a few years ago and showing a 310.45% profit; same number in ISA, bought Sept. 4 this year @ 2095p, so a loss of 8.34% or thereabouts, which is rather more than I'll pick up from the dividends due soon. I had intended to sell the non-ISA ones but the price started dropping immediately so I have been holding on in the hope of recovery. I should have sold first and bought back in the ISA after but there we go. I usually manage to do the wrong thing. Certainly not more than 10% of my total share portfolio which contains far too many holdings to keep track of but I am nervous of having too much in any one company.

I hold all those dogs mentioned which have not done nearly so well so am tempted to buy more Greggs in the ISA and hope the share price will recover so I can sell the other holding but am a bit discouraged by some of the comments. Will chew over the various comments over lunch.

[philanderer] 01/10/2019 12:55

Relentless selling, looks like that 1800p chart support will be tested sooner rather than later.

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Alliance News:

Greggs Shares Dip Despite Shore Deeming Update "Fabulous" in Greggs fell on Tuesday despite Shore Capital believing the baker posted another "tremendous" top-line performance .

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"Today's trading update was always going to be a tough one for Greggs. The publicity around its vegan sausage roll earlier this year was so effective that it drove more people to visit its stores and that had such a positive impact on earnings. Sales continued to beat expectations as the year went on, leading to a sharp rise in its share price," said AJ Bell investment director Russ Mould.

"The new trading update shows that the rate of sales growth has now moderated," Mould said, "partially because the comparative trading period a year ago was fairly strong".

[justiceforthemany] 01/10/2019 12:38

Shares still trading on a P/E of 30.
Some shares are trading on a P/E of just 3 (PAF).
Others trading at 4-10x earnings like IAG,BT,PRU,MNDI,SAGA,CNA, SOM, ITV, SBRY. The market is truly crazy.

[philanderer] 01/10/2019 12:31

Detailed broker comment here from this morning's Conference Call..

[this_time_its_different] 01/10/2019 10:58

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 10:55

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

[this_time_its_different] 01/10/2019 10:53

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 10:49

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.