Greggs Share Discussion Threads

[philanderer] 23/3/2020 19:10

Evening EI, yes testing is the key for sure.

Losing a fair few dividends in the last few days. A well as GRG, IHG, ITV and BVIC have been suspended from my lot.

Into perspective , make sure you look after yourself EI , that's the main thing people should be thinking about.

[essentialinvestor] 23/3/2020 17:48

Phil, Germany are undertaking huge testing, so their number may be more accurate.

[philanderer] 23/3/2020 17:34

Hopefully good news , Germany saying their growth rate could be flattening.

Keep safe everyone.

[essentialinvestor] 23/3/2020 17:16

Another divi gone, eh.

[this_time_its_different] 23/3/2020 16:35

RIP Greggs

[this_time_its_different] 23/3/2020 16:33

Greggs to shut all stores effective immediately from tomorrow, will pay staff wages as much as they can, but with zero revenue, this will start to destroy the balance sheet. Stock is going to £10 over the next few months. Balance sheet is very solid, so no chance of bankruptcy (with little debt as well), however probably can only pay 2-3 months of staff wages before laying off staff.

[bouleversee] 23/3/2020 16:07

Which they now wont be able to exercise off!

[muchodinero] 23/3/2020 15:58

Greggs to remain key player in feeding the UK...especially sausage roll and jam doughnut addicts...

[bouleversee] 23/3/2020 13:58

Taurus

I was too preoccupied with my burglary and medical problems to notice that all my white swans with crowns on their heads were changing colour but I should have at least sold half after I had made a good profit, as with WH Smith, instead of gifting to grandchildren and buying same number in my ISA at the high. Oh well, less IHT to pay if the bug carries me off.
.
Good to hear they are still busy but I thought they were obliged to close.

[slinkyj] 23/3/2020 13:36

Greg's near me open and very busy

[peteret] 23/3/2020 10:50

No one's gonna give any bread to that black swan

[taurusthebear] 23/3/2020 09:14

Errr, when you see a Black Swan?

[bouleversee] 23/3/2020 08:55

When will I learn to take profits instead of buying more?

[this_time_its_different] 23/3/2020 08:18

50% drop from top to bottom is fair enough for a company that has a strong balance sheet but is shutting all its stores.

[mikemichael2] 23/3/2020 08:16

Think they will shut soon.

[this_time_its_different] 23/3/2020 08:13

£13 gone, major resistance is at £10, if that breaks you are going to £5.

[dazzerman4] 20/3/2020 21:01

Takeaway have to be open too much pressure on food supply if not expect a upturn here

[muchodinero] 20/3/2020 20:43

No....why don't you just read the news!!!!!!!!!!!!!

[blueball] 20/3/2020 17:59

Will Greggs have to close after todays news.

[peteret] 20/3/2020 17:40

Look at all the after trades all buys some quite large

[muchodinero] 20/3/2020 17:19

Today 17:21
Breaking news today from Boris.....Pubs, Bars, Restaurants to be closed but takeaways to stay open to feed the people....so not all bad news...Greggs 2500 takeaways might get very busy?

[muchodinero] 20/3/2020 17:03

This will not be going anywhere near 800p...imho. Greggs has one of the strongest balance sheets of any company in the FTSE all share market it is one of very very few £multi-billion company's with zero borrowing and tens of millions in the bank, in fact they have generated so much free cash in the past 12 months, they have already paid a special dividend to share holders on top of normal dividends, they have paid all staff a special bonus and were planning to pay share holders another special dividend as they are awash with cash......check the last financial update.....once this thing blows through Greggs will be roaring back up imho...adyor!

[peteret] 20/3/2020 16:55

They have cash surplus paid staff £300 bonus Well managed. Soon to have branches inside supermarkets.Already have branches in wickes carparks.Will get business rate relief.Have massive vegetarian and vegan support.Cheaper coffee than Starbucks Costa and the rest.I'm holding and will buy more if it goes down.Though it probably is a long time hold .

[stavros28] 19/3/2020 15:07

See above THIS_ £ 8.00 the target !