Ssp Share Discussion Threads

[johnsoho] 19/9/2018 13:53

With a bit of luck we’re now through the £7.00 barrier !!!

[philanderer] 12/9/2018 17:29

😊👍

[sogoesit] 31/8/2018 13:33

The elusive 700+ eludes us again!

[philanderer] 18/8/2018 00:33

Union Serve Notice on SSP America

Workers at company that serves airport demand a union, give company till Monday to officially respond.

[philanderer] 14/8/2018 09:15

No big bounce today by the look of it.

updated:

13th aug Credit Suisse underperform tp 600p
27th july Numis add tp 760p
19th july Goldmans sell tp 615p
18th july Barclays overweight tp 730p
18th july Deutsche hold
17th july ShoreCap buy -
17th july Liberum buy tp 720p


17th july ++++ Q3 trading update ++++

[ihatemms] 14/8/2018 07:39

There's plenty of brokers with 'buy' targets between £7.20 - £7.60.

[johnsoho] 13/8/2018 23:15

Hopefully the share price will recover tomorrow.

[philanderer] 13/8/2018 21:08

Ah , here we go , the reason for today's fall..


Credit Suisse started coverage of SSP, the travel café operator, with an “underperform” rating and 600p target price.

[philanderer] 13/8/2018 13:43

London midday: Travel stocks slump amid Turkey woes; Esure rockets on offer

[philanderer] 13/8/2018 13:39

Firms face Brexit skills shortage, forcing up wages in some sectors

[philanderer] 11/8/2018 00:56

London Luton Airport welcomes 1.6m passengers in busy start to the summer

[sogoesit] 10/8/2018 11:24

Average cost of debt last year (30/09/2017) was about 1.6% (All Sterling) excluding the Revolving Loan which was undrawn.
Interest cover stood at 12x.

So its not the long term debt they'll be repaying its more likely that they are raising debt to payout Trade and other payables which stood at £428m at the last half-year.

Since interest rates are rising better get in there I guess before they go further and get the current liabilities sorted out!

[broadwood] 10/8/2018 07:18

- Airport and train-station convenience store chain SSP Group launched a $175m US bond offer to pay down existing debt.

The private placement notes would be issued in October in five series maturing between 2025 and 2028.

Proceeds would be largely used for the repayment of existing indebtedness, with any remainder being used for general corporate purposes, SSP said.

The issue would also allow the company to diversify its sources of debt financing and extend its debt maturity profile out to 2030.

The five series include $40m at 4.35%, maturing in October 2025; $40m at 4.50%, maturing in October 2028, $40m at 4.60%, maturing in October 2030, £21m at 2.85% maturing in October 2025 and £21m at 3.06% maturing in October 2028.

[philanderer] 09/8/2018 17:58

Yes, very nice 😊

[johnsoho] 09/8/2018 11:22

Looks like the share price has finally busted through the £7.00 mark 👍👍🤗

[philanderer] 09/8/2018 10:38

SSP takes “uber-cool Camden” to London Stansted Airport in new restaurant concept

[philanderer] 08/8/2018 20:02

Bit of a delay reporting this one...

23rd july CEO Asia Pacific dumping 100,000 @ 688p

[philanderer] 03/8/2018 21:22

Thanks S :-)



"NS Awards Starbucks Contract to SSP Group

Nederlandse Spoorwegen (NS) has awarded SSP Group the contract to take over operations of 29 Starbucks stores operated in licensed partnership, following a competitive tender.

As part of its new strategy, NS will cease to directly operate some F&B and retail units at its railway stations and will be handing over operations of its Starbucks stores early January 2019, with all current colleagues transferring to SSP.

Kate Swann, SSP Group CEO, commented, “We’re delighted to have been selected by NS, as this award recognises our successful track record of running Starbucks stores in travel locations in the UK and Continental Europe. We look forward to further growing our operations in the Netherlands and welcoming NS colleagues into our team.”

[philanderer] 31/7/2018 00:16

Labor Battle Looms at Airport

Service and hospitality workers for SSP America demand union vote, may call for picketing or a strike.

A battle between labor and management is brewing at the General Mitchell International Airport.

Workers for SSP America, a food service concessionaire that operates in airports around the country, are attempting to organize a union at the Milwaukee airport so they may negotiate collectively for a fair wage agreement like the one implemented for the new Milwaukee Bucks arena, plus union rights and a union hiring hall.





(SSP America, a division of SSP Group, operates in airports throughout the continental United States and Canada)

[philanderer] 27/7/2018 09:59

updated:

27th july Numis add tp 760p
19th july Goldmans sell tp 615p
18th july Barclays overweight tp 730p
18th july Deutsche hold
17th july ShoreCap buy -
17th july Liberum buy tp 720p


17th july ++++ Q3 trading update ++++

[sogoesit] 24/7/2018 10:08

I liked this from the Heathrow statement today:

" Summer getaway pushes sales higher - As the summer getaway gets into full-swing, passengers are spending more in Heathrow's shops pushing retail growth 4.8% higher. Sunglasses have proved particularly popular, with over 700 pairs sold each day so far this year. Strong retail spend helps support lower airport charges which fell around 1%"

[philanderer] 24/7/2018 09:08

Heathrow bullish as it records busiest-ever first half

[sogoesit] 20/7/2018 12:09

Goldman Sucks today raises price target to 615 from 590.

[philanderer] 19/7/2018 17:01

I think we would have cracked 700p on a better general market day. 😏