Greggs Share Discussion Threads

[florenceorbis] 22/10/2019 11:08

Barclays Capital Equal weight UP FROM 1,610.00 to 1,760.00 Retains

[philanderer] 22/10/2019 10:05

BARCLAYS RAISES GREGGS PRICE TARGET TO 1760 (1610) PENCE - 'EQUAL WEIGHT'

[philanderer] 16/10/2019 00:05

'The city with the biggest Greggs fans can compete to get the Festive Bake early'


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[this_time_its_different] 15/10/2019 19:02

There is only one reason they would back it, firstly to get the deal past the initial stage and then vote it down in the final stage to push through no deal.

[this_time_its_different] 15/10/2019 18:34

It seems strange that the DUP would back such an agreement, effectively tying DUP to the republic of ireland. The last thing DUP want is unification of ireland and this is one step closer.

[this_time_its_different] 15/10/2019 18:17

Though sterling will eventually recover from a no deal, just we will see 1.1 GBPUSD first.

[this_time_its_different] 15/10/2019 18:13

I still think sterling has gone up far too much on far too little, we all know the EU will give a deal if you ben-d over, the real issue is the deal getting past the ERG and DUP. My money is still on a no deal brexit, these UK domestic stocks will come c-rashing down once the DUP says no. Boris just rehashed May's Deal, no way the DUP will accept a customs line down the irish sea.

[philanderer] 14/10/2019 12:46

Student discount app Student Beans has partnered with popular fast-food outlet Greggs to offer free vegan sausage rolls to hungry students throughout October. Students at sixth form, college and university can get themselves a free vegan roll without making any other purchases

[daijavu] 12/10/2019 23:11

What happens now is all down to Brexit. If Johnson gets a good deal, watch the market jump. If Brexit is cancelled watch the market soar. If Johnson takes us over the cliff with a no deal Brexit, watch the market collapse.

[davr0s] 11/10/2019 18:41

I guess you could call me semi retired (fairly young to stop "proper work" so my investing/trading need to compensate in the long term) so it's not too late to make some adjustments. I completely rebuilt my approach several years ago having read and absorbed works like these. There is no doubt it's been a tough market recently but I know that I'll have flattish performance in poor markets and very good performance in good markets. We are due a good market!

[davr0s] 11/10/2019 18:37

If your interested go read Weinstein, William O'Neil and Minervini as a couple of examples - it will completely change how you think and approach the markets. And show how much nonsense there is out there

[bouleversee] 11/10/2019 18:28

Yes, I have come to the conclusion that it is the only way to make money on the stock exchange now but I'm afraid I am too old and don't have the time or inclination. I have adopted the buy and hold policy but it is no longer a way to make money. Can't hope to beat the crooks, shorters and algorithms. However, as I have a huge no. of holdings, just hope that will mean the diversification will be some sort of safety net, though not against a general downturn of course.

[davr0s] 11/10/2019 17:46

Yep agree no one knows where price is going. People were talking bear markets and recessions just a week ago and then the market has a big rip to the upside. Which is why I trade now and play the probabilities - have no expectation where price is going so I'm never surprised on any stocks movement and it makes trading a much more objective and relaxed activity

[bouleversee] 11/10/2019 16:31

Decent recovery today, which all goes to show nobody has the faintest idea what is going to happen at the moment and it's just a game of snakes and ladders.

I see Whiteside claims the sale was to fund property purchase, which I suppose is fair enough if true. My money comes from buying the most expensive house we could afford and selling it 38 years later for over 34 times the price we paid. A better investment than any shares I have bought so who can blame him. Unfortunately, it's not so easy to assess the fundamental value of a company as one doesn't know everything that is going on behind closed doors and there seems to be rather dodgy accounting going on in some companies these days. And that's without the Brexit roller coaster.

[bouleversee] 11/10/2019 00:32

Ever heard of satire? I think I'll get by. I still don't like finding I've done something stupid, though, or see large gains disappear/reduce. Let's hope things buck up next week.

[turvart] 10/10/2019 22:00

Those poor shareholders shouldn't buy shares with money they can't afford and the fundamentals state this stock is still over priced, Whiteside made a good call and got out nicely. I can see £14 coming for a correction.

[bouleversee] 10/10/2019 20:57

What about those poor shareholders who bought recently and now can't afford to eat? No, that wouldn't work as this one doesn't own a smartphone and hasn't got a Greggs very near her anyway. Where's the nearest foodbank?

BTW someone asked how many shares Whiteside still held and I read somewhere that his current holding was195,508. To sell £1.8m worth of shares (inc. his wife's sale) at one go doesn't inspire confidence. I really would like to know whether he made that small purchase before or after selling the big one. The articles I have read don't make clear which Monday and which Thursday.

[philanderer] 10/10/2019 18:50

Greggs announces it's giving away 200,000 FREE bakes - but you have to be quick

[waldron] 10/10/2019 17:17

Price (GBX) 1,749.00 Var % (+/-) -2.67% (Down -48.00)
High 1,788.00 Low 1,725.00
Volume 495,875 Last close 1,749.00 on 10-Oct-2019

[philanderer] 10/10/2019 17:08

Spot on EI.

Add to that the vegan sausage roll hysteria wearing off ..... everyone's on that bandwagon now.

This is a top class company, very well run, and I've no doubt we'll see that 2000p again sometime next year.

edit: WTB picking up with the market :-)

[essentialinvestor] 10/10/2019 16:51

The market atm is punishing the slightest sings of any caution from UK retail.
Look at Dunelm today for another example.
The recent GRG l4l sales growth could not continue at those levels longer term,
nothing surprising about that.

[bouleversee] 10/10/2019 16:38

Which came first: Whiteside's sale or purchase on Oct. 7? I have a feeling I saw something about the purchase some days ago but that's the first I have heard about the huge sale. I really have boobed on this one.

[maywillow] 10/10/2019 16:22

lol Never entered my mind phil

i agree with you about being realistic

i try to look for confirmation of trends and try to back it up with news flow

At present there is insufficient news in my opinion unless of course the directors sales ruptures the support
at sends the share price tumbling towards your 1500p dream price

which will no doubt be confirmed or no at Fridays close

[philanderer] 10/10/2019 16:13

maywillow, I can assure you I don't want to see 150p here.

I've been long GRG for more years than I care to remember, right back to the 200p days.

Just being realistic that's all.

[essentialinvestor] 10/10/2019 15:20

Options are not mentioned so that's an amber flashing light for me,
appreciate others may see it very differently.