Ssp Share Discussion Threads

[philanderer] 19/1/2018 17:42

Reminder, that trading update is next tuesday.

[philanderer] 16/1/2018 11:02

Nice bounce :-)

Airlines up as well

[davr0s] 15/1/2018 19:02

-1.6% = noise IMO

[philanderer] 15/1/2018 17:59

Weaker with the airlines today.

UT: 330k @ 652.5p

[sogoesit] 13/1/2018 15:13

Bought a few on the pull-back at 650'ish.

[philanderer] 13/1/2018 00:47

'Gatwick Airport enjoys busiest ever December welcoming a record 3.2m passengers'


Read more:

[philanderer] 12/1/2018 16:34

23rd january , trading update and hopefully those details on special dividend and consolidation

[sogoesit] 12/1/2018 14:58

Thanks for that, Phil.

[philanderer] 12/1/2018 13:40

JP Morgan note today..


We believe that the -9% year to date share price correction creates an attractive entry point in SSP shares, now trading on 25.6x CY19e P/E and 4.9% FCF yield.

We have upgraded our margin forecasts and adopted a more aggressive valuation methodology to reflect what we see as a sustainable efficiencies and market share wins story. Our new 765p Jan-19 price target leaves 22% potential upside: we upgrade SSP to Overweight.

Our forecasts were too low: upgrading FY21e margins to 7.6%. Since initiating on SSP in 2014 we had viewed the margin potential in the context of the 4-year “plan” communicated at the time of the IPO, and modeled flat margins after FY18e. The strong delivery, supportive FY18e guidance, and recent management comments suggest that there is instead potential for continued efficiencies.

We estimate that the FY17 margin of 6.8% could have reached 7.4% adjusted for investments in infrastructure and start -up costs. We upgrade our FY21e margin from 7.2% to 7.6%. This brings a +70p upgrade to our price target.

Valuing the backlog. We estimate that SSP has been awarded new contracts worth £314m in annualized revenue between 2015 and 2017, representing c. 13% of the 2017 revenue base. We are still reluctant to model those in our explicit FY18e-FY21e forecasts given the lumpy nature of openings and closures.

But we believe the strong delivery in new business in H217, at +7.9%, proves that this backlog will eventually translate 1 for 1 into revenue. We now assume 6.0% medium-term growth beyond our explicit forecasts in our DCF model (previously 4.5%), and 3.0% long-term growth (previously 2.0%). This brings a +130p upgrade to our price target.

[philanderer] 12/1/2018 10:19

JP Morgan Caz upgrading to 'overweight' ... tp raised from 520p to 760p

[sogoesit] 11/1/2018 13:20

Waiting for news on the 21p approx. payout. Maybe mid year'ish?
Hopefully get that with the TU on 26th Jan.
May load up a bit as my other "growth" shares are somnolent!

[philanderer] 11/1/2018 10:24

Heathrow hits new record of 78m passengers despite capacity crunch as it waits for third runway

[philanderer] 10/1/2018 23:39

Ssp Group (OTCMKTS:SSPPF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $10.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 9.29% from the stock’s previous close.

According to Zacks, “SSP Group PLC operates food and beverage outlets. It also operates restaurants, bars, cafes, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. SSP Group PLC is headquartered in London, the United Kingdom. “

[philanderer] 10/1/2018 17:59

23rd january .... Q1 trading update.

[philanderer] 10/1/2018 12:01

Ah !!

..it's another downgrade this morning , this one from Merrill Lynch to 'underperform'

[philanderer] 10/1/2018 09:10

That's almost a 10% correction that we've had before last year.


Liberum reiterating 'buy' and 675p tp (up from 600p) this morning.

[philanderer] 09/1/2018 14:44

Due soon , from november results..

Proposed c.£100m special dividend and share consolidation


We are intending to pay the final dividend in March 2018 and the special dividend in April 2018. The dividends and share consolidation will be subject to shareholder approval at the Annual General Meeting of the Company to be held in February 2018.

Further details of the special dividend and share consolidation (including the final amount to be paid, the proposed record date and payment date for the special dividend) will be set out in the notice of Annual General Meeting that will be sent to shareholders in January 2018.

[broadwood] 09/1/2018 12:30

Thanks very much - I'll have a look.

[sogoesit] 09/1/2018 11:49

The ii daily email feed has it. Whoever KC is...
If it goes there it will be a buy for me.

[broadwood] 09/1/2018 11:19

Havn't heard of KP but certainly weakening the price.

phil - I subscribe to Broker Views but not mentioned on that site. May I ask which site you subscribe to.

[philanderer] 08/1/2018 17:29

Greggs, SSP and Caffè Nero to present at conference


Leading figures from businesses including Greggs, SSP, Caffè Nero and Itsu will be speaking at the 2018 MCA Food-to-go Conference.

[philanderer] 08/1/2018 13:25

fwiw

London City Airport reports flat passenger figures for 2017 despite surge in demand for routes to Amsterdam and Milan





Cutbacks by a major customer stymied passenger growth at London City airport last year, the firm admitted on Monday.

The business travellers’ favourite, bought by a consortium of Canadian pension funds two years ago, said 4.5 million passengers used the airport in 2017, flat compared with the previous 12 months.

It is understood the main handbrake on growth was Irish airline CityJet’s move early last year to scale back its operations at the airport, cutting staff and dropping services to Paris Orly and Nantes. Other airlines also decided to end routes, hitting passenger numbers.

[philanderer] 04/1/2018 11:22

Nice move up again

[philanderer] 03/1/2018 21:27

02/01/2018 -

Food and beverage travel operator, SSP Group, opened its first Starbucks store in Greece last month, 19 December at Athens International Airport.

Marking Starbucks’s 29th café in the country, it is also the first to open in Athens Airport and the 15th that SSP operates worldwide.

Chief operating officer of SSP Group, Mark Angela, said: “We are delighted to bring Starbucks to Athens International Airport. Starbucks is a brand loved by customers in Greece as it is across the globe. The store will be a great new addition to the existing offer at the airport, complementing the other SSP outlets, including our recently opened Eat Greek restaurant which is setting new standards for dining.”

“Opening in Greece demonstrates our commitment to bring the Starbucks experience to more customers around the world.”