Greggs Share Discussion Threads

[jsforum] 26/7/2020 16:06

Gregg's sales are reportedly 75% down according to the Sunday Times who were quoting research from Jeffries

[essentialinvestor] 26/7/2020 15:55

It's the outlook the market will focus on. Think under £14 at some point. Difficult to call with all that's going on.

[slinkyj] 26/7/2020 14:51

Yes I am also waiting for the 28th, but hedging my bets with a few buys beforehand as I think it will be better bad news than thought

[soho2] 24/7/2020 17:37

I would have waited for the 28th (could be wrong tho)

[slinkyj] 24/7/2020 14:43

2nd batch of my buys gone in. Great opportunity with Greg's.

[essentialinvestor] 23/7/2020 18:25

Hi Phil, this will be an interesting update, think we may see near or under £14 here again, but who knows.

[philanderer] 22/7/2020 13:16

Peel Hunt: Greggs will struggle to deliver Peel Hunt is predicting ‘grim’ interims from Greggs (GRG) and believes the high street baker will struggle to deliver the positives needed to warrant its valuation. Analyst Jonathan Pritchard retained his ‘sell’ recommendation and target price of £15 on the shares, which were trading at £15.40 yesterday. ‘Greggs’ interims next week will definitely look grim, but the biggest question will surround very current trading,’ he said. ‘Clearly the UK’s shoppers and employees have been slow to leave home and therefore sales post-lockdown are unlikely to impress.’ Pritchard said hopes of a V-shaped recovery at the baker were ‘too bullish’ but Greggs ‘remains a strong brand and underlying demand won’t be a problem, but the valuation, even after a bit of a pull back, expects positives that we can’t see Greggs delivering’. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-gvc-greggs-and-firstgroup/a1382874?section=funds-insider&_ga=2.235579138.2047669121.1595420062-1132927304.1595420062#i=3

[slinkyj] 21/7/2020 15:04

Greg's for me is a buy, it's been working smartly durning Covid,

[soho2] 19/7/2020 17:17

I think the results on the 28th will not be good (hope to be wrong)... will wait before buying more...shops in London are very empty...

[essentialinvestor] 19/7/2020 15:15

Added a small amount on Friday before the close, however would not be surprised if under £13 is seen again at some point. Any idea trading is just going to return to pre COVID levels anytime soon is la la land stuff.

[essentialinvestor] 16/7/2020 22:39

Https://www.theguardian.com/business/2020/jul/16/pizza-express-set-to-close-up-to-75-cafes-risking-1000-jobs

[essentialinvestor] 15/7/2020 20:19

Greggs have made store closures annually for as long as I can remember. The intrinsic flexibility in their operating model is a major part of GRG retail success - closing underperforming sites and re-locating to higher revenue areas. Some of this reflects structural changes in retail, lower footfall in some High St locations etc. They are prioritising cashflow by halting expansionary CAPEX currently, where possible. Sensible approach.

[philanderer] 15/7/2020 19:44

Greggs is slashing prices due to VAT cut HTTPS://www.thesun.co.uk/money/12129004/greggs-cutting-prices-hot-food-drinks-vat-cut/

[1iniesta] 11/7/2020 15:50

The high street is only 1 of 2 things offence or defence, I totally understand the COVID thing but as I walk round especially Greggs they are all over the safety and forgotten they are in business to make a profit. How is soup, probably one of the highest margin lines not in the reduced range ??? and why when you go into any store does £50 buy the entire stock ??? Defence

[bergster56] 10/7/2020 13:34

Concerningly though, and it feels hasty, they are closing a high number of stores permanently

[soho2] 10/7/2020 08:55

Well, try London and you will get (sadly) a very different answer...I would wait until 28th

[bergster56] 10/7/2020 08:18

I've been in several different Greggs in the Midlands - all very busy. The staff member I spoke to said things had been "crazy"People were willing to queue around the cornerOnce people realise the queues are longer only because of social distancing and not longer waiting times things will snowball even further Topping up further Topping up

[soho2] 08/7/2020 13:00

Cut in VAT to 5% until Jan

[essentialinvestor] 06/7/2020 16:10

One of the best run companies on the LSE. There could have been staff illness. You have no idea what the circumstances are. Reduced product availability on that day etc.

[1iniesta] 06/7/2020 16:05

Can't believe my eyes when I walk into the shopping centre to see it busy but Greggs have closed early. Keep watching the pennies and you miss all the pounds. Losers

[soho2] 03/7/2020 16:41

Precisely, I don't think the results on the 28th will great ...sadly

[1iniesta] 03/7/2020 16:21

My local Greggs today had three staff but was only allowing one customer in the store at a time the biggest cost in any business is staff so whilst one is serving one customer how are the other two contributing come on Greggs I just don't get it

[philanderer] 03/7/2020 15:06

Greggs open: Majority of Greggs stores reopening in the UK today with bigger menu HTTPS://www.express.co.uk/life-style/food/1304633/greggs-open-opening-menu-news-reopening-reopen

[philanderer] 02/7/2020 15:38

Greggs announces it's reopened more shops HTTPS://www.getsurrey.co.uk/whats-on/food-drink-news/greggs-announces-its-reopened-more-18528708