Greggs Share Discussion Threads

[optimistic2] 13/10/2020 14:18

Why the sudden drop??

[hibberts] 10/10/2020 07:32

Remember the stock market looks 6 months ahead.

I have been buying over the last week looking for a good long term return.

[philanderer] 09/10/2020 18:07

Another good week , GRG +12%

[lyndon b] 08/10/2020 07:37

Hi Mayar, yeah I wouldn't say I have done a great job with my timing so far on this stock. The graph suggests it will get up to 14, maybe a bit above, but if it follows the same pattern as previous then that might be the top until the next cycle.

[mayar] 07/10/2020 17:46

Hi Lyndon B, wdik having done well for myself buying near the bottom of the last bounce in early August I bought some more in the 14.40s (and held) and have just noticed that is at resistance / support on the chart. Doh.
I am happy to stay on the side lines and wait for a higher low and higher high, before buying a few more.
I still think this is a well run company and has great potential as a recovery play.

[porsche1945] 07/10/2020 10:02

I think montyhedge is the idiot from the gsk thread, simpleton, will probably choke (hopefully) on the sausage roll, which would be fine dining for him anyway.

[lyndon b] 07/10/2020 09:24

Hi Mayar, It was also broken in August, yet the price in October went to near £11.

Do you not think this is a classic stage 4 downtrend with a series of lower highs and lower lows, all the way back from June?

[mano300] 07/10/2020 09:22

Greggs share price should hit 1400 this week

[mayar] 06/10/2020 22:02

According to my charts, the downtrend line from February at about £12.70ish was broken today.
The share price may back test the brake out level tomorrow, but I would expect a modest recovery from here. Modest because Greggs are discussing cuts to jobs and hours with the unions and good news will be limited.

[montyhedge] 02/10/2020 17:55

Thought I would try a Greggs vegan sausage roll, see what the hype was all about, yuk, 90% must be salt to give it some kind of taste.

[bouleversee] 02/10/2020 17:06

Well done, Phil, for not listening to the wetblankets on here. Greggs ARE adapting and if things go against them, it won't be their fault.

[philanderer] 02/10/2020 16:55

Not a bad week for GRG +113p ... good weekend everyone.

[cl0ckw0rk0range] 01/10/2020 17:24

Just because the are following through with existing expansion plans doesn't necessarily mean anything, if anything they need to be adapting not just full steam ahead.Sub 5.

[indigocarmine] 01/10/2020 16:46

Some encouraging signs in my town. Went past a few Greggs outlets today, and there were actually small queues of people waiting to get into several of the outlets. It's the first time I have seen anybody needing to queue to get in. Still, there will inevitably be a limit to how long people are prepared to wait for service, especially as autumn/winter draws in and people have to stand in the cold and wet.

[philanderer] 01/10/2020 09:47

Greggs progress could face new hurdle, says Jefferies


Greggs (GRG) sales have improved after a lockdown hit in the summer but further coronavirus restrictions could halt progress, Jefferies has warned.

Analyst Andrew Wade retained his ‘buy’ recommendation and target price of £21.75 on the shares, which were trading at £11.75 yesterday.

Greggs said it expected sales to be below normal for the ‘foreseeable future’ and hinted at job losses when the furlough scheme comes to an end next month.

Wade said the news that like-for-like sales had improved to 76% of 2019 levels was ‘another solid step forward and sufficient for us to leave our full-year 2020 estimates unchanged’.

‘While we are encouraged by the progress in restarting the business, the reactivation of the store roll-out, and the return to net cash, we fear prospective lockdowns may stymie near-term progress,’ he said.


HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-boohoo-greggs-and-next-fifteen/a1406649?section=funds-insider&_ga=2.86507928.1406676876.1601545472-406984883.1601545472#i=3

[philanderer] 01/10/2020 09:09

UBS CUTS GREGGS PRICE TARGET TO 1930 (2105) PENCE - 'BUY'

[bouleversee] 30/9/2020 13:15

The paywall kicked in before I had eaten my fill of his witticisms.

I wish I weren't such a coward. Comes of having my fingers burnt too often after dipping them in to what looked like a tasty dish.

[philanderer] 30/9/2020 12:54

Greggs is tastier than the City thinks, at least in the long term

The food-on-the-go specialist is still opening new outlets despite the pandemic, while demonstrating its ability to adapt


HTTPS://www.independent.co.uk/independentpremium/business/greggs-trading-update-sausage-rolls-pandemic-job-support-scheme-redundancie-b696530.html

[essentialinvestor] 30/9/2020 09:47

Phil, before AML listed I posted an FT article on the AML bb - Beware a prvate equity wolf in sheep's clothing. To say that FT journalist called it correctly would
be a large understatement!.

[philanderer] 29/9/2020 23:24

Could be worse, some bought AML at the IPO @ £19 ..... 52p tonight 😷👍

[spacecake] 29/9/2020 22:01

Why is Dunkin Brands Group (DNKN) doing so well, can't be down to selling ice cream ?
On a YTD chart the diverged around the end of May with Dunkin going up and greggs going down.

[mano300] 29/9/2020 19:52

I total agree buy and hold

[philanderer] 29/9/2020 17:58

Had better days.

Down the pub tonight until kicked out at 10pm. Then jumping up and down in the street with everyone else drinking booze from the supermarket. This'll all be back to normal in a couple of weeks.

[slinkyj] 29/9/2020 16:30

I've taken a position at these levels, I've seen how fast it can go north with the slightest bit of positive outlook. Buy and hold.

[essentialinvestor] 29/9/2020 15:21

Would like to understand where 80% of '19 turnover required for profitability
comes from. There is some flex in the cost base so might question that one.

Unless analysts are being guided in that direction.