Greggs Share Discussion Threads

[philanderer] 16/5/2022 13:35

No surprise there...

'Greggs sales lag in cities amid shift to working from home'

[geraldus] 16/5/2022 10:29

Not worth chasing on that update.Worse to come imho.

[geraldus] 12/5/2022 07:50

'Trouble at mill'. Shareholders not happy with executive pay outs.

[r2oo] 05/5/2022 20:16

Upcoming dividend of UK£0.42 per shareEligible shareholders must have bought the stock before 12 May 2022.Payment date: 08 June 2022.Payout ratio is a comfortable 49% and this is well supported by cash flows.Trailing yield: 2.6%.Lower than top quartile of British dividend payers (4.6%).Higher than average of industry peers (1.0%).

[maximus57] 19/4/2022 16:19

Not everyone has got as much money as you monty :)

[montyhedge] 19/4/2022 15:04

Lol, head for a treat what a vegan sausage roll.Poster geraldus is spot on on his earlier comment.

[geraldus] 19/4/2022 14:54

All will be revealed come the trading update by mid May.

[maximus57] 19/4/2022 14:46

I'm struggling to see the weakness in the share price. Valued at only around 2x there annual turnover and with very little debt. When the economy squeezes and we've very little disposable income, then it's to Greggs we'll head for a treat, not some overpriced coffee shops.This must surely be on the radar as a potential takeover target, I would think at this price

[montyhedge] 19/4/2022 14:24

You are spot on. I see a lower shareprice.

[philanderer] 04/4/2022 11:45

Greggs share price is underbaked


Although Greggs (GRG) has been one of the worst-performing stocks in broker Berenberg’s coverage this year, share price weakness coupled with five-year high growth opportunities present a rare opportunity, says analyst Owen Shirley.

The British baker posted its best start to the year since 2019 in February, with Berenberg now expecting 7% sales growth for the full year, driven by increased activity in city centres.

One of the UK’s most popular breakfast sellers, it has plans to expand on evening footfall by keeping doors open for an extra two hours to 8pm.

‘Following trials in 100 stores, management found that sales after 4pm grew from 11% to 17% (spread across delivery and collection) by keeping stores open until 8pm,’ said Shirley, adding that new ‘evening-appropriate’ products were likely to enhance that.

Shirley notes that raised cost inflation is factored into estimates. The opening of a new production site in the south of England will save significant distribution costs too.

‘Just over a decade ago Greggs sold no breakfasts. It now sells more breakfasts than virtually any other business in the UK,’ he said.

Berenberg reiterated a ‘buy’ recommendation with a price target of £36. The shares rose 0.9% higher to £24.84 on Friday.

citywire.com

[geraldus] 24/3/2022 13:10

Fuel for their large fleet.Heating for all those ovens.Price of wheat and ingredients going through the roof.Not to mention less disposable income for their clientele.Higher prices means less spend.The perfect storm.

[montyhedge] 21/3/2022 12:29

They must be feeling the pain of higher costs. Margins I would have thought squeezed.

[philanderer] 21/3/2022 11:13

Jefferies cuts Greggs price target to 3,250 (3,400) pence - 'buy'

[montyhedge] 14/3/2022 19:01

Barclays cut to overweight, lol like their customers.

[philanderer] 09/3/2022 14:19

Barclays cuts Greggs price target to 2,900 (3,340) pence - 'overweight'

[topazfrenzy] 08/3/2022 12:06

YES I bought the lows ...

Now back to £25 here

[topazfrenzy] 08/3/2022 12:05

I timed it perfectly b+tch

lol

[topazfrenzy] 08/3/2022 09:18

Surely a takeover target at only £2bn market cap

[allenquatermain] 08/3/2022 09:17

Best post ever by moron tooazfrenzy

“Not too shabby”

It’s down 249p so far

It’s so funny you really couldn’t make it up

BWAHAHAHA

[topazfrenzy] 08/3/2022 09:12

I chose this over MKS since they pay a dividend .. and it's not too shabby what they just just declared

[topazfrenzy] 08/3/2022 09:11

I bought in today, anyone else interested in this share? Very quiet here!

[philanderer] 04/3/2022 12:32

Prelims next tuesday

[babbler] 19/2/2022 15:29

Well considering the announcement in the papers said they are opening some greggs in some primark store I'd say yes.

[montyhedge] 18/2/2022 16:22

I just get my head around this shareprice, seems way to high.