Greggs Share Discussion Threads

[bouleversee] 29/11/2023 12:42

Are you suggesting the kids had just stormed in and lifted them without paying? If not, the impact should be to encourage Greggs to make and deliver more doughnuts. Simples!
It could, of course, be that the remaining kids were waiting for an imminent delivery and were just watching to see what you were going to buy.

[18bells] 29/11/2023 08:44

Decided to visit Greggs yesterday and on my way saw a number of school kids each with stacks of Greggs boxes. At first I thought "no such thing as cost of living for kids wanting donuts". However when I entered the store a number of kids were jittery not knowing what to do yet all looking at me. Then realised the earlier group had more or less cleaned up the donut boxes from the island display and the remaining kids waiting to see how I reacted to the situation. According to one customer it is now a common occurrence school kids grabbing what they like from a number of retailers and the local market stool holders. Question is how is this impacting Greggs operation?

[dudishes] 06/11/2023 16:15

Check.

Just looked again, a gamblers market, not sure why (pie eaters)?

cheers

[dudishes] 06/11/2023 16:10

Tks W. It's very bouncy, low vol.

Out for now but maybe another stab (£30)?

Seems a crackin day trade, if time permits!

[waldron] 06/11/2023 14:12

Resistance seems to be 2540p

[waldron] 06/11/2023 14:10

Analysts' Consensus

Mean consensus
BUY

Number of Analysts
11

Last Close Price
25.12GBP

Average target price
32.27GBP
Spread / Average Target
+28.46%

High Price Target
40.00GBP
Spread / Highest target
+59.24%

Low Price Target
25.00GBP
Spread / Lowest Target
-0.48%

[dudishes] 06/11/2023 12:59

G'day,

Thought I was on another loser at 2310?

Thankyou Greggs for 202pts!

cheers

[maximus57] 02/11/2023 15:34

Brilliant update, onwards and upwards. Way underpriced in my book

[dudishes] 26/10/2023 17:22

Wrong again!

[dudishes] 16/10/2023 15:33

Cheers Walders, caught - 20pts, but back in 2310.

Could do with bounces elsewhere!

[waldron] 13/10/2023 20:25

As you no doubt know divi just been paid



GOTTA WAIT 2024 FOR ANOTHER DIVI AND RESULTS

GOOD LUCK ALL



HAVE A GREAT WEEKEND

Chuckle and cheers

hmmmmmmmmmmmmmmmmmmm sausage rolls

[waldron] 13/10/2023 20:17

Across the business we continue to expect capital expenditure in 2023 to be around GBP200 million, supported by our strong balance sheet.

Extension of delivery service

At our interim results we announced we had initiated a trial with a second delivery aggregator. We have now concluded these trials to test the incremental benefit of making Greggs available for delivery on the Uber Eats platform, alongside our existing partner Just Eat. We have begun an accelerated roll out on the Uber Eats platform and expect to have around 500 shops live by the end of October 2023, with further expansion to come in 2024.

Outlook

As we had expected, the rate of cost inflation has eased as we annualise on the significant commodity-led increases experienced in 2022. At a time when customers are looking to make their money go further Greggs continues to offer exceptional value and grow market share. We have strong product and promotional plans for the fourth quarter and the extension of our delivery service will make Greggs accessible to more customers on more occasions.

Whilst acknowledging the uncertainty in the economy as a whole and the very strong comparative performance of the business in the fourth quarter of 2022, the Board expects the full year outcome to be in line with its previous expectations.

[waldron] 13/10/2023 20:13

Seems to be the right moment to buy as bumping along the support at 2310p

[essentialinvestor] 13/10/2023 14:04

Added a few.

[philanderer] 11/10/2023 00:21

Greggs has launched its first ever cafe inside of a Sainsbury’s store, as the partnership between the companies takes another step forward.

The cafe has opened in the supermarket’s Crystal Peaks, Sheffield store, creating 15 new jobs.

Customers will be able to buy Greggs favourites such as sandwiches, bakes and coffee, and can sit in or takeaway.

The cafe is the third Greggs shop to open in partnership with the grocer, following the launch of a shop where the businesses share petrol forecourt space earlier this year.

[essentialinvestor] 04/10/2023 10:15

Update could not have been much better, but about everything getting cheeper atm and GRG still retains a premium rating.

[philanderer] 04/10/2023 10:05

Berenberg raises Greggs price target to 3,550 (3,440) pence - 'buy'

[philanderer] 03/10/2023 10:15

WHAT DO ANALYSTS SAY?

‘Greggs remains a business with considerable ambition to grow its business, which we like, noting confidence in this statement for the 2024 opening programme,’ commented Shore Capital’s head of research Clive Black.

‘We believe the stock merits a premium equity rating, and that is what the market is affording the equity. Whilst there is much to admire about the business and its investment thesis, we feel a 2023 price to earnings ratio of 20.1 times, falling to 18.1 times in 2024, a ratio of 11.1 times 2023 EV/EBITDA (enterprise value to earnings before interest, tax, depreciation and amortisation), noting a negative medium-term free cash flow yield, with a dividend yield of 2.4%, represent full and fair value,’ added Black.

Greggs is ‘in a sweet spot in the retail market, backed by its growth initiatives and good cost management’, observed Russell Pointon from research group Edison.

‘The Q3 results reaffirm its resilience and share gains. Expanding its shop estate and investing in the supply chain further reinforce its market presence, albeit there may be some disappointment about the slightly lower than expected net new store growth for the full year

‘While some economic uncertainties persist, Greggs' consistent delivery of strong results, along with its reputation for customer satisfaction and affordability, bodes well for its future.’



sharesmagazine.co.uk

[deanmatlazin] 03/10/2023 07:55

The gas and electricity has gone down significantly from last year. Almost half the price. I expect the profit in next few months exceed market expectations

[philanderer] 02/10/2023 18:37

Trading update in the morning.

[essentialinvestor] 25/9/2023 14:27

Added a small amount, difficult market ATM.

[markatkinson] 30/8/2023 08:12

In this latest episode of the Desert Island Investor my very dear friend and fellow ‘pod-castaway’ Paul Kerin and I discuss Greggs ( GRG ), which is one of my core holdings -

[philanderer] 29/8/2023 14:58

SVM’s Lawson backs innovative Greggs


High street baker Greggs (GRG) continues to innovate and SVM’s Margaret Lawson says it could eventually expand outside the UK.

Lawson holds the Citywire Elite Company in her £89m SVM UK Growth fund, which she manages with Neil Veitch.

Lawson said that the group has evolved over the past decade into a mass-market operation, adding that ‘delivering a healthy return on capital employed is a key element of Greggs’ performance management’.

‘Greggs continues to innovate though it is careful to make gradual moves in re-formulating its best sellers to reduce sugar, fats, and salt, helping to achieve healthier recipes,’ she said.

‘New additions to the menu are carefully tested before launch. The Greggs App already has a good participation rate, helping to drive increased customer loyalty.’

The company has strong branding and a reputation for value and ‘there is potential for increasing its presence in London’.

‘In time Greggs might also consider expanding beyond the UK,’ said Lawson.

Overall, cost inflation now appears to be easing, but ‘the challenge for investors is that Greggs shares have been highly rated, anticipating growth’.

‘However, that premium is now more realistic, at a time when Greggs growth is accelerating,’ Lawson said.

The shares gained 1.3%, or 30p, to £24.34 on Friday.


citywire.com

[bouleversee] 21/8/2023 16:52

cfro -

You haven't missed the boat if the share price is on the way down, so long as you keep an eye on it.

My shares are in an ISA and at my age I'm more concerned with income than growth which
will ultimately be subject to IHT so I'm happy for them to concentrate on the UK market and increasing profitability and dividends. They have enough on their plate adjusting their business in line with the changing demands and staff availability due to Covid and WFH. Plenty of time to think about overseas expansion when they are providing investors (we are not all traders) with a yield more in line with inflation from a secure business rather than casino imho but maybe I'm a lone voice here.

[cfro] 21/8/2023 16:02

Well I see this very differently. Let GRG plough their own furrow which they
are exceptionally good at.


I don't disagree with that at all but do you not think that they will need to do some kind of serious International expansion at some point? I do.

You cite the examples of Tesco etc, yes to crack the international market is not easy. McDonalds have, Subway have, starbucks have, Domino's have, KFC have, Burger King have etc etc..

If Greggs really want to become a major player and serious competitor then it will have to do it.