Greggs Share Discussion Threads

[philanderer] 28/7/2020 14:08

Greggs weighs up job cuts when furlough scheme ends

[slinkyj] 28/7/2020 13:10

Ok so this is now at Covid start lows thereabouts. We are now in a recovery and good recovery by the looks of it. Learnings taken. Us Covid flattening out. This will see the recovery like from March again. Imho as we approach autumn the events dragging shoppers out like Halloween, Black Friday and Xmas will see hungry shoppers treating themselves with value snacks.

[essentialinvestor] 28/7/2020 11:26

Phil, think they will need to remove some costs next year from the business,
they have flexibility to do that.

[philanderer] 28/7/2020 11:25

EI , I've had a few and so has my wife this morning but then again she always does after every results. She's been doing this since Greggs floated :-)


Greggs sees 'encouraging' sales recovery

[essentialinvestor] 28/7/2020 11:15

Hi Phil, thanks for the view.

We dipped under £14.

I'm not adding any more for now, might be a prospect for 2021

[smurfy2001] 28/7/2020 11:07

Horrid loss.

Wouldn't buy until there's some light at the end of the tunnel.

[philanderer] 28/7/2020 10:46

Morning EI.

Whatever else this virus has given us it's given us plenty of time to think. Main one being I reckon is to reassess our values. It's a life changer for sure. A vaccine if it ever happens is just that, it's not a cure. The existing winter flu vaccine improves chances by 20% according to figures so covid is not going away. Confidence in a good proprtion of society is shot to pieces. It's a matter of adjusting which will take a while , maybe a generation ?

[essentialinvestor] 28/7/2020 10:31

Bloody hell Phil that's a cautious outlook.

[philanderer] 28/7/2020 10:30

Sell on the news I suppose.

I can't see anything returning to pre covid levels in my lifetime , twenty five years if I'm lucky. But the thing I am finding is that I've got much more spare cash these days. No travel / leisure spend anymore so a few quid down on some shares is not going to do much damage to the finances.

Happy to hold shares in a few well run companies as a hedge if I've called it all wrong. And GRG is one of those.

FWIW ShoreCap retaining their 'sell'

[rescuer] 28/7/2020 10:18

GRG is a old friend (being a geordie)and living not 50 meters away from Mrs Gregg, great family, wonderful people, however these figures don't look good at all.

i can see £10 be retested in the short term, i went short today -

best wishes to you Longs - if £13's breached, then a fall to £10 is deffo on the cards.

[essentialinvestor] 28/7/2020 09:56

I thought below £14 would be seen again as mentioned last week.

After that think it depends on if there are further lockdowns etc.

In December 2018, the GRG share price was about 15% Below this morning's level.

Pre COVID, pre recession and when the Company had a net cash position.

[fuji99] 28/7/2020 09:51

A few negatives: 1/ The big loss, 2/ Shops closed for most of the second quarter
3/ Temporary financing arranged through Covid Corporate Financing Facility (CCFF)and 4/ The possibility it will be forced to improve the content of its products for health reasons. This won't help to maintain the share price where it is now until improvements in profit and cash flow is flagged up. Not surprised to see the share price going below the support of £10 as sentiments will not be positive for a while especially if a second wave starts in the UK. So as far as I am concerned, up to Christmas, I wouldn't touch it.

[essentialinvestor] 28/7/2020 09:12

I've made a similar point and hold a small amount, but need to be realistic.

Greggs never got cheap, even at the March low.


Would expect they will need to remove costs from the business, but that
will probably be put on hold until 2021.

[lyndon b] 28/7/2020 09:10

I am generalising here, but in rough terms, their share price was around £10 when they were making £60m profit a year (2015-2018)and had a net cash position.

Fast forward to now and they had a profit loss of £65m in half a year, they have triple digit (m) debt and there is no immediate signs of a return to normality.

[slinkyj] 28/7/2020 09:02

I was expecting worse so had factored even worse into dropped price up till now

[scepticalinvestor] 28/7/2020 08:41

they are not better than expected though are they?!

[slinkyj] 28/7/2020 08:37

Better than expected results considering. I'm happy

[jotoha2] 28/7/2020 08:23

The average Greggs customer is overweight and in danger of getting type 2 , and if covid comes back big time then yes this is finished !! Start eating proper food .

[onjohn] 28/7/2020 07:57

Gov to tackle obesity not good news for greggs greasy junk

[onjohn] 28/7/2020 07:56

Wait till furlough ends

Wait till rate holiday ends

This is finished

[jotoha2] 28/7/2020 07:51

The time for eating greasy rubbish is over , Greggs have had their time in the sun.

[amaretto1] 28/7/2020 07:03

Results not too bad Considering ...

[amaretto1] 27/7/2020 21:30

It's not in a good position at allThe high streets are dead This relys on volume trade .. it's not happening up north !