Greggs Share Discussion Threads

[philanderer] 07/1/2021 12:40

Afternoon bouleversee , I'll continue holding :-)

[bouleversee] 07/1/2021 04:26

So what are you going to do, Phil?

[philanderer] 07/1/2021 00:43

Analysts at Shore Capital have issued a 'sell' recommendation and target price of 1,780.0p on Greggs shares, arguing that more people working from home during the Covid-19 pandemic was a "game changer" for the High Street baker. Greggs on Wednesday said it expected to post a full-year pre-tax loss of £15m, reflecting the impact of the pandemic and associated lockdowns, and added that it did not see a return to pre-Covid profitability until 2022 at the earliest. ShoreCap said the latest national lockdown, imposed by the government on Monday, meant the first quarter of fiscal 2021 would see a "probable heavy hit" to earnings. "It is a game changer, which most probably notably reduces the long-term growth potential of the group, noting that within its growth plans outlined in March 2020 around 80% of new stores where to be located in Work/Travel locations!" "With a loss-making FY2020 in tow, a notable hit to full-year 2021 and the drag of working from home and all its effect thereafter, the grounds for Greggs' equity to be structurally de-rated are, we are sad to say, strong; to argue that Greggs stock should be re-rated is abject nonsense in our view." HTTPS://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/broker-tips-standard-chartered,-vodafone,-greggs

[chesty1] 06/1/2021 15:22

Never seen a share announce first loss in 35 years & go up 10% WOW!

[philanderer] 06/1/2021 14:21

COVID-19: Greggs warns school closures will take toll on sales HTTPS://news.sky.com/story/covid-19-greggs-warns-school-closures-will-take-toll-on-sales-12180535

[philanderer] 06/1/2021 09:59

Well received :-) Guardian Greggs forecasts first annual loss since 1984 after sales slump Profits not expected to return to pre-Covid levels until 2022 at the earliest Russell Pointon, an analyst at Edison Group, noted that Greggs’ sales performance in the fourth quarter was much better than expected as sales bounced back quickly after the November lockdown in England, and its national delivery service brought in more sales. Its chief executive, Roger Whiteside, said sales would worsen again in January due to fresh lockdowns in England and Wales, but the company is pushing ahead with plans to open 100 new outlets this year. Greggs’ vegan sausage rolls have been a huge success in recent years. HTTPS://www.theguardian.com/business/2021/jan/06/greggs-forecasts-first-annual-loss-since-1984-after-sales-slump-covid

[zingerburger] 06/1/2021 07:21

Surprised this has held up well Pret Manger shops have been pasted as streets deserted

[philanderer] 05/1/2021 18:43

Trading update tomorrow

[philanderer] 29/12/2020 14:57

Came through Uxbridge this morning and surpised to see a queue of at least 20 people going into Greggs :-)

[essentialinvestor] 11/12/2020 15:11

It's personal choice, however you need to balance the risk of contracting the virus and potentially passing it to a loved one, with the vaccine. Currently the most vulnerable demographic is being vaccinated and there appear no serious side effects reported- excepting two cases where both individuals needed to carry around adrenalin because of severe allergies.

[coldspring] 11/12/2020 00:26

Apologies could have been clearer, yes reluctance to get vaccinated. Several people who I consider educated and sensible have expressed reservations. Small sample size though, just my opinion.

[bouleversee] 10/12/2020 19:41

Reluctance to do what? Have the vaccine?

[coldspring] 10/12/2020 13:32

You are not alone there. The vaccine issues being highlighted and the general reluctance i am getting through social media and via friends and colleagues could mean this drops before it rises again.

[neilrich] 09/12/2020 18:47

I'm struggling with the valuation here, prospective PE for the year ahead is >40, which is crazy, a valuation that I'd expect upon a growth stock with a history of delivering annual EPS growth >20%. Prospective dividend does not inspire either, have I missed something?

[slinkyj] 02/12/2020 10:38

Sold out my small holding. Don't like the sound of the high street vanishing at the rate it is. Get out while the goings good.

[philanderer] 27/11/2020 14:01

Hopefully support at 1700p

[christopher logsdon] 24/11/2020 09:34

Nice momentum 20 quid before you know it

[philanderer] 20/11/2020 11:09

"Greggs has teamed up with PlayStation on a limited edition treat" HTTPS://www.thenorthernecho.co.uk/news/18884769.greggs-teamed-playstation-just-eat-treat/

[peteret] 16/11/2020 16:14

How's your short going now then !Burning smell coming from somewhere.

[philanderer] 16/11/2020 14:50

Moderna 👍

[philanderer] 16/11/2020 10:29

Morning everyone. Pleasant surprise. I was fearing the worst ;-)

[peteret] 16/11/2020 00:48

Last time they announced job cuts the shares went up as it shaves them money. Shorters beware.

[geraldus] 15/11/2020 19:16

That much....

[onjohn] 15/11/2020 18:58

never did like their sausage rolls which were only 6% meat