Greggs Share Discussion Threads

[waldron] 17/10/2022 17:57

Https://www.marketscreener.com/quote/stock/GREGGS-PLC-4001975/

A difficult one to assess these days

what with a support at 1673p and a weak resistence of 1901p there appears little news to move it either way

If news does propelle it thru 1901p the next resistence seems to be 2044p

Midas says its worth a nibble, i am not so sure but there might be christmas cheer as we move towards
Hallowen and towards December

Will people start to make homemade sausage rolls,many might well do during these hard times

chuckle and cheers

[philanderer] 08/10/2022 23:01

MIDAS SHARE TIPS: In light of third-quarter update, Greggs' current trajectory and value is looking tasty in the cost of living crunch



https://www.thisismoney.co.uk/money/investing/article-11294289/MIDAS-SHARE-TIPS-Greggs-looking-tasty-cost-living-crunch.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.12734135.1683599511.1665269751-878024273.1665269751

[gswredland] 07/10/2022 15:42

Yep it is like a casino!

[philanderer] 07/10/2022 14:04

Nice dividend paid into the account this morning.

[fuji99] 07/10/2022 13:32

Unfortunately, even good stocks follow the market trend. Thus I am mainly in cash until things start to clarify perhaps next summer. Everyday brings a new surprise when one looks at the flow of information that can move the market. From the progress of the Russia/Ukraine conflict to possibly China/Taiwan (where 61% of semi conductors used everywhere are manufactured) to everyday hints on inflation and economy. IMO anything can cause chaos nowadays.

[bouleversee] 07/10/2022 11:02

How can anyone make any sense of the stock market these days. It is just a casino.

[gswredland] 07/10/2022 10:50

Perhaps back to 1700 but results were good!

[philanderer] 07/10/2022 10:20

Jefferies cuts Greggs price target to 2,900 (3,250) pence - 'buy'

[essentialinvestor] 05/10/2022 16:10

barlus, how does GRG half in value from here.

Very easy to plunk a low ball figure out of the air and offer no rational
to go with it.

[geraldus] 05/10/2022 16:07

They said no cost price inflation in the statement.

[barius] 05/10/2022 13:48

We'll see :) ...

[philanderer] 04/10/2022 13:34

Greggs hikes price of sausage rolls again - but rising costs have not deterred shoppers as sales jump 15%


HTTPS://www.thisismoney.co.uk/money/markets/article-11278271/Greggs-hikes-sausage-roll-prices-sales-continue-grow.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.44828898.756973490.1664841344-1277332139.1664841344

[kalai1] 04/10/2022 13:30

Greggs issued a Q3 Trading Update this morning titled, “Trading in line and full year expectations unchanged”. So business continues to grow solidly, consensus FY23 revenue expectations are for £1,417m which would equate to growth of about 15% on the year. Certainly total sales for the 13 weeks to 1 October 2022 were up 14.6% with 90 net new shops opened year-to-date. Management continue to expect around 150 net shop openings in 2022, there has been no change in the cost inflation outlook for the year. Valuation is now looking pretty reasonable again following a halving of the share price in 2022, forward PE ratio at 14.3x is average for the sector, GRG has traded on multiples over 20x for extended periods over the past 5 years. There is reasonable growth, with reasonable profits and at a reasonable price here. The weakening macro environment and lack of momentum are the main clouds, share price remains in a correction for now. Other than that, GRG is a solid, growing and profitable food retailer worth owning at some point. Monitor for now...

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/GRG/560

[muchodinero] 04/10/2022 12:38

Barius, I don't think I'll be following any of your advice. Good luck with that £10 buy..it's never going to happen unless they do a 2 for 1 split...more like £30 entry in 12 months time imho!

[philanderer] 04/10/2022 09:29

Good update..

Greggs was benefiting from a low average customer spend of just under 4 pounds, the diversified location of its shops and a broadening of its product offer, with more hot food and vegan options.

Faced with higher costs, Greggs has, however, pushed through another round of price rises this week, including for its famous sausage rolls.

[whalehq] 04/10/2022 08:41

I think I've had profit warnings on the majority of my holdings over the last month or so. This update was consquently a welcome relief LFL cost inflation more than offset by positive revenue LFLs reads well and importantly the growth plans are still intact. In typical fashion it is by far my smallest holding however.

[topazfrenzy] 04/10/2022 07:12

This company is recession proof ... keep adding at these levels

[zeppo] 03/10/2022 10:09

Trading statement tomorrow?

After that?


I'm a believer!

[barius] 03/10/2022 09:16

I will be looking at buying some at a more realistic price, somewhere between £10 and £12ish. The price will fall a fairly long way from here.

[tmfmayn] 01/10/2022 17:10

[Podcast] GREGGS With Mark Atkinson And Maynard Paton #GRG


A 30-minute podcast about the investment potential of sausage rolls. We talked about Mark buying more at £18, how Greggs can survive the upcoming recession, the company's superfans and its financial history:

hTTps://www.youtube.com/watch?v=GwDHCXzcv0c

[livewireplus] 30/9/2022 12:22

.... a sausage roll :-) .... (their Vegan one's seem to be selling reasonably well - someone in queue in front of me always buys some - by the time I get to the counter there are invariably only 3 left - hence can't avail of the 4 for price of 3 long-standing promotion).

[westdean] 30/9/2022 12:05

dean'n: Your buying this stock would be a matter of celebration for us, but what's in it for us?

[deanmatlazin] 30/9/2022 07:18

Bought this morning. What a great opportunity. I went to most Greggs stores and the business still running good despite inflation/recession. Back to £20+ soon

[geraldus] 10/9/2022 14:47

They are that thin,next time there is a Covid outbreak there will be no need to open the shop,just slide them under the door. Having shrunk so much I expect some people will have an excuse now to purchase two.