Greggs Share Discussion Threads

[soho2] 15/11/2020 13:13

I would also add that very few lucky ones get a full salary. Most of those "working" from home receive an average of 80% of their salary and have therefore less spending power...they'll all be queuing up from the 3rd...?

[indigocarmine] 15/11/2020 10:33

It doesn't come as any great surprise, and really just backs up the sad lack of custom I have been observing in the Greggs outlets since last March. Maybe a successful vaccine will be the light at the end of the tunnel, and despite people talking about working from home being the new normal and impacting Greggs sales, I have my doubts. The people that are working from home where I work (mostly admin staff, who to be honest never seemed to do much that was actually useful when they had to attend the premises) seem to be doing even less actual work now they are supposedly working from home. I suspect that when normality returns, there won't be quite as much 'working' from home as people seem to think. Saying that, I took the opportunity and crystallized my losses on Greggs on the last rise, but I wish everyone the best whatever they choose to do. I hope Greggs (along with a lot of other good businesses that have been thrown to the wolves) survive the idiocy of government policy.

[essentialinvestor] 14/11/2020 20:56

I don't want to minimise the above, but GRG employ something like 20,000
people. If you are one of the 800 that is no consolation.

[transhoneyqueens] 14/11/2020 20:52

top up on the 10% drop Monday am.

[hotaimstocks] 14/11/2020 20:06

1000p looms RED FLAG ..... time to SELL or be SHORTING THIS .. nobody buying as everyone working from home even before lockdown - at 1000p top up

[hotaimstocks] 14/11/2020 20:03

good stock to SHORT SELL ... been shorting from last week .... new target 1300p

[abarclay] 14/11/2020 19:32

Massive sackings at Greg

[philanderer] 14/11/2020 19:24

From 29th september Q3 Trading Update under "Consultation on proposals to reduce employment costs it concludes with "

.....Our aim is to minimise the risk of job losses by negotiating reduced hours in our shops and we will update on the outcome of the consultation when concluded."

Expect this update with an RNS 7am monday ?

[philanderer] 14/11/2020 19:11

Thought this news would have been more widely known before today as the article says it was "posted on its employee information website earlier this week" ?

[volvo] 14/11/2020 18:44

Terrible position for Greggs....like many others they may not see the other side....all depends how levered they were with debt.

[pander45] 14/11/2020 14:20

That is a terrible statement. High impact stuff.

[soho2] 14/11/2020 13:28

I don't like this : "At lockdown levels of sales, even after all of the mitigating action that we have taken, Greggs will not be profitable as a business and there can be no room for complacency."... let's hope things change quickly :(... shares are likely to drop big time on Monday...

[sigmo] 12/11/2020 16:32

It might be overrated but its sure popular!!

[bouleversee] 12/11/2020 10:32

I feel a bit like that dog a.t.m. It's pure casino but with manipulation by people pulling strings in the background. Not my scene at all. Do you mean they take bribes or just thst they don't know any more than I do?

[ukneonboy] 12/11/2020 09:57

actually NEITHER ...... analysts at Stockbroking firms are paid to give their opinions

and I should know !!!



worryingly they STILL get paid.... even if they get it completely WRONG !!!!

[bouleversee] 11/11/2020 16:17

So who do you think is right, Barclays or Shore Capital?

[philanderer] 11/11/2020 15:34

'Greggs an overrated outlier, says Shore Capital'

Greggs (GRG) is an ‘overrated outlier’, according to Shore Capital, which does not believe the high street baker will return to 2019 profits for another three years.

Analyst Clive Black reiterated his ‘sell’ recommendation on the shares, which rose 6.6% to £16.86 yesterday.

He said with challenges to the top line, ‘we believe it will most probably be full-year 2023 rather than 2022 before Greggs returns to 2019 trading and profit levels’.

After the bounce in the shares this week on Monday’s Covid-19 vaccine breakthrough, Black said ‘the shares remain very highly rated on whatever earnings are guided by the company for the foreseeable future’.

‘Indeed, compared to most businesses negatively impacted by stock market caution on the food and beverage channel, Greggs remains an outlier in its rating before and after [Monday’s] rally.’

[bouleversee] 11/11/2020 15:28

In what way not compliant?

[rescuer] 11/11/2020 15:02

just put a complaint into greggs Compliance team, they are NOT compliant with current measures - i challenged this in store and was given short change.

it's been reported to the cops now - what is the point of having controlled measures if Greggs are flouting the rules

disgraceful

[philanderer] 10/11/2020 10:43

BARCLAYS RESUMES GREGGS WITH 'OVERWEIGHT' - TARGET 1,890 PENCE

[bouleversee] 09/11/2020 13:20

Sorry, I think that should be end of this year not month.

[bouleversee] 09/11/2020 13:15

Pfizer vaccine to be available by the end of this month. Pity it's not the AZN one but never mind.

[mano300] 09/11/2020 13:08

This is still worth buying at this price! It will go higher

[mano300] 09/11/2020 12:57

US election results: Coronavirus vaccine hopes spark global stock market surge! 90% vaccine chance for the corona virus