Greggs Share Discussion Threads

[scepticalinvestor] 16/3/2021 07:59

Not too sure if those results warrant the current mkt cap...

[bouleversee] 16/3/2021 07:50

Read the results,out now.No intention to pay dividend a.t.m. I hope exec. pay will be restrained correspondingly. Little or no appreciation of loyal shareholders and their income needs.

[bouleversee] 16/3/2021 07:50

Read the results,out now.No intention to pay dividend a.t.m. I hope exec. pay will be restrained correspondingly. Little or no appreciation of loyal shareholders and their income needs.

[philanderer] 16/3/2021 00:37

Interested to see if they pay any dividend.

[westdean] 15/3/2021 20:39

philanderer, do you have any predictions for tomorrow? Some hunch or vague intuition? I have been studying the share price movements today very closely, to see whether any clues can be obtained for what lies in store for tomorrow. At one time it looked very encouraging; it went up as much as 3.7%. I thought this was a very good omen. In the end the share price fell back to a level where the gains were around 1.2%. Well, it is useless for us to speculate: tomorrow is not a long way away now. Good luck if you are a holder.

[philanderer] 15/3/2021 19:39

Yes, it's just saying results are out tomorrow :-)

[westdean] 14/3/2021 13:52

philanderer, I thought daily mail article may have something new to say; but it is repackaging of what was in preliminary results from 22.02.2021. But in a way it is good: no news is a good news!

[dividendgame] 13/3/2021 01:27

DO WE HAVE ANY PIE CHARTS?

Apologies if that's been done already.

[philanderer] 13/3/2021 01:15

Two years ago Greggs was the darling of the stock market, but sales suffered as Covid kept shoppers and commuters away from High Street baker

[philanderer] 24/2/2021 09:53

JEFFERIES RAISES GREGGS PRICE TARGET TO 2,500 (2,175) PENCE - 'BUY'

[peteret] 24/2/2021 00:58

It seems like now this has got back to pre covid levels everyone is pulling out their cash to buy travel sector bargains.I sold after a long wait to get into profit and have bought rolls Royce with the proceeds that could double or treble or more so more upside than staying in this.

[bouleversee] 21/1/2021 16:23

Thanks, Phil. I thought that might be the case.

[bouleversee] 21/1/2021 12:41

Please explain why you keep topslicing, Phil. I never know when to sell. My instinct is to buy more but I'm not too good at timing that either! I daresay you have a lot more in Greggs than I do, having given all my original holding to grandkids in bare trusts, still held, and only bought back a modest holding in my ISA.

[philanderer] 21/1/2021 11:44

BERENBERG RAISES GREGGS PRICE TARGET TO 2,100 (1,750) PENCE - 'BUY'

[peteret] 21/1/2021 09:39

I don't know what's causing this rise. If they are issuing more shares shouldn't the price go down.

[philanderer] 20/1/2021 19:37

Top sliced another 10% today.

[philanderer] 12/1/2021 13:57

Questor: a quick 40pc gain will tempt some to take profits at Greggs but we will hold on for more

Questor share tip: excellent cost control has cut the firm’s feared losses by three quarters and its expansion plans are intact

[bouleversee] 08/1/2021 11:11

Wouldn't it just? However, that sounds a bit optimistic and I am beginning to think they don't know any more than we do. I am sure they will be fine in the long run (which is all that concerns me) but some rocky ground in the immediate future methinks. The vaccine doesn't mean we can all start milling around when we have had it.

[peteret] 08/1/2021 10:50

UBS raises price target for Gregg's to 2190 today.That would be nice.

[bouleversee] 07/1/2021 16:27

Best of luck with that. I am losing a fair bit on my BP holding so will benefit if it goes up. Not inclined to add more.

[philanderer] 07/1/2021 15:44

I've just top sliced 10% of my GRG and added to my BP holding.

[bouleversee] 07/1/2021 13:31

Me, too. HYN.

[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."