Greggs Share Discussion Threads

[bergster56] 06/3/2020 19:45

Greggs has done wellHowever they are not immune to Covid 19. Especially when supply chain problems kick inAnd footfall in uk towns and cities is set to fallWhere does that leave greggs currently on a PE of nearly 30???

[philanderer] 04/3/2020 13:51

4th march UBS 'buy' tp 2640p

[la forge] 04/3/2020 10:12

investorschampion
4 Mar '20 - 09:56 - 3898 of 3898
0 0 0
GRG has just achieved another year of record breaking growth, thanks largely to its ability to take advantage of burgeoning consumer trends.

We've taken a closer look:



PREMIUM
How ‘Britain’s most admired company’ keeps delivering

04/03/2020 · Greggs (GRG)

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Greggs' vegan sausage roll in from of a store

At Greggs (LON: GRG) on Cheapside, the queue regularly stretches out of the door at lunch time. Demand was especially impressive on results day – perhaps some of the investment managers who have shared in the 122% share price rise in the last five years, were showing their support after another impressive set of numbers which saw both revenue and profits rise by double digits.

The roaring trade on Cheapside could be a side effect of the fact that there are only two premises in the square mile, compared to at least ten Pret a Mangers. Head to Newcastle (the company’s birthplace) and the disparity is reversed. In fact, in 2017 the Tab plotted the UK’s North/South divide based on the number of Greggs stores: “less than 25,000 people per Greggs is the benchmark to distinguish whether you live in the north”, the article said. At the time, Manchester had one Greggs per 10,500 people, while each premise in London was shared by over 92,000.

But…

[philanderer] 04/3/2020 09:07

AJ Bell: no stopping Greggs’ sales growth


High street baker Greggs (GRG) has managed another set of ‘stellar’ results and future sales will be boosted by plans for a ‘multi-channel service’, says AJ Bell.

Like-for-like sales for the nine weeks to 29 February have grown 7.5% which analyst Russ Mould said was ‘superb when you consider the second part of that period saw a significant slowdown in sales growth’. The shares rose 3.6% to £21.66 yesterday.

‘Future sales growth will be helped by having a multi-channel service including home delivery,’ said Mould. ‘However, it also flags an intention to have more fully-seated shops as it says average sales from these formats are significantly ahead of the group average.’

He added that falling property prices meant it was an ‘ideal time’ to relocate to more favourable locations with seating capacity.

[philanderer] 04/3/2020 00:06

'One of the world's biggest Greggs is opening in Cornmarket'

[90sinvestor] 03/3/2020 21:02

That’s +7.5% LFL with the material impact from the storm in Feb so I’d expect sales to be close to double-digit LFL if it wasn’t for the storm which is promising for the rest of the year.

Will be interesting to see how dilutive the living wage increase and pork inflation will be to profit as the year progresses.

Definitely worth a punt!

[philanderer] 03/3/2020 19:16

In summary- made £100m profit for the first time - just opened 2000 shop - like for like sales up 7.5% in past 9 weeks.

A good day :-)

[philanderer] 03/3/2020 14:34

Market report:


The company is working on developing 'Next Generation Greggs', comprising a rewards scheme for loyal customers and 'access to Greggs across multiple channels at all times of day.'

Despite noting a degree of caution about the impact of storms in February and the potential fallout from the coronavirus, city experts remain generally upbeat about Greggs' prospects.

John Moore, a senior investment manager at Brewin Dolphin, said: 'Greggs has posted another strong set of results, with shareholders seeing a tasty 25.8% increase to the dividend and the company signalling the potential for additional returns to come.

'The baker has shown that the hype around the vegan steak bake last year was no one-off hit, with a strong performance throughout 2019 and a commitment to continuing its investment and innovation programme.

He added: 'The story of Greggs is one of the most remarkable business transformations of the past few years and, from here, the company is in a great place to self-finance the delivery of its ambitions.'

[philanderer] 03/3/2020 13:45

Shore Cap 'hold'

reiterates

[dround87] 03/3/2020 12:24

Yeah self taught although I'm a business intelligence analyst/developer so it's not foreign language to me. My opinion is just to read a lot and devote time to it. Respect technical analysis but don't expect it to be a magic bullet. I get into work every day at 7am to read the RNS feeds before my day starts and find my opportunities the hard way. I didn't start with much but my pot is growing and one day maybe I'll be doing this full time. Paper trade until you're making money. For a rough plain English guide on how to value a company maybe try the naked traders book. Forget what it's called. A lot of technical folk will scoff at it but it's good practical advice for beginners. We all have to start somewhere.

[philanderer] 03/3/2020 11:24

No real financial background. I had an electrical engineering company for fifteen years before selling it . I can read a set of accounts and have been investing for over thirty years.

Can still call it very wrong though :-)

edit:

Very lucky to call it right on the dot.com boom and made what was serious money back then. I used to hold just a few companies when I started but now I have a spread of around thirty.

[lenzcrafter] 03/3/2020 11:10

Have you self taught?I'm trying to still learn. Do you have a financial background?

[philanderer] 03/3/2020 10:53

Well done :-)


3rd march Peel Hunt reduce tp 2000p

reiterates

[dround87] 03/3/2020 10:28

Thanks! Just cash I've got lying around while building a recovery portfolio. Thought it needed a quick boost.

[philanderer] 03/3/2020 10:25

Coronavirus: Greggs 'would pay staff who need to self-isolate'

[elpirata] 03/3/2020 10:14

Cracking results yet again from Greggs, possibility of a special divi too.

This is only one of 3 Sipp lth shares out of 12 I wasnt stopped out of a couple of weeks back!

[philanderer] 03/3/2020 10:09

Morning everyone. Good day to report.

dround , good trade that, I was still in bed :-)

Shame you did't hold on but a profit is a profit. Nice one 👍

[dround87] 03/3/2020 09:15

And sold! Easy grand.

[dround87] 03/3/2020 08:34

Bought at 2060

[dround87] 03/3/2020 08:34

Might be because you don't know how to read them or equate them to the value of the company!

[lenzcrafter] 03/3/2020 06:58

What I mean phill is some shares get great results and bomb. So have bad results and soar!

[philanderer] 03/3/2020 00:20

lenzcrafter, we've already had a heads-up in january.

Wouldn't expect too much action either way this time with 'virus' being mentioned a fair few times.

[waldron] 02/3/2020 15:37

A BRIDGE TOO FAR

ALL AMERICAN STILTON CHEESE AND CORNISH PASTIES