Ssp Share Discussion Threads

[philanderer] 27/9/2019 17:12

Barclays OVERWEIGHT....tp 735p cut from 765p

[philanderer] 26/9/2019 21:20

Shares in SSP Group (SSPG) fell more than 5 per cent after it reported that like-for-like sales in North America had been affected by the grounding of the Boeing 737 Max aircraft and the transfer of passengers away from the terminals in which it operates. Sales in Europe have been held back by slower passenger growth and the impact of airport redevelopment in the Nordics and Spain. Management warned that “external challenges” would continue into the 2020 financial year, but reiterated that guidance for the 2019 financial year remains unchanged. Our buy tip is under review.

[undervaluedassets] 26/9/2019 21:13

statement seemed alright to me ...

[philanderer] 26/9/2019 21:08

SSP Group to open six food & beverage outlets at new Beijing Daxing International

[justiceforthemany] 26/9/2019 17:27

Down 9% on the day and 16% on the month. Who called this right then 'sogoesit'? P/E still too high and a poor balance sheet [Net assets £450M of which £750M is intangibles/goodwill].

[philanderer] 26/9/2019 15:56

Boeing Max and China/Hong Kong if I've read it right.

Liberum reiterating 'buy'

[johnsoho] 26/9/2019 07:46

26 September 2019

Pre Close Trading Update

SSP Group plc ("SSP" or "the Group"), a leading operator of food and beverage outlets in travel locations worldwide, issues a Pre Close Trading Update for the fourth quarter of its financial year ending 30 September 2019, covering the period from 1 July to 30 September 2019.

Group

SSP had a good fourth quarter and made further progress on its strategic initiatives. Total Group revenue is expected to increase by approximately 7.8% on a constant currency basis, comprising like-for-like sales growth of approximately 1.8% and net contract gains of approximately 6.0%. At actual exchange rates, total Group revenues for the period are expected to increase by approximately 10% year-on-year.

Overall, the trends seen in like-for-like sales growth in the third quarter have continued into the fourth quarter. In the UK, the air sector has been fairly resilient over the fourth quarter, while rail has remained softer, albeit benefitting from a lower level of disruption in the rail network. In Continental Europe, like-for-like sales continued to be held back by slower passenger growth and the impact of airport redevelopment in the Nordic countries and in Spain. In North America, like-for-like sales growth has been affected throughout the quarter by the grounding of Boeing Max 737 aircraft and the transfer of passengers away from our terminals at some airports. In the Rest of the World, like for like sales growth has been mixed with good performances in Egypt and the Middle East continuing to be offset, as anticipated, by the cessation of operations at Jet Airways in India, weaker Chinese passenger numbers and more recently the protests in Hong Kong. For the full year we expect like-for-like sales growth for the Group to be just below 2.0%.

After another strong quarter, net contract gains for the full year are expected to be just above our previous expectations, at around 5.5%, and as usual they will be accompanied by pre-opening costs. Net contract gains have been driven by significant growth in North America and Continental Europe and we have recently commenced operations in Brazil, a new territory for SSP.

Outlook

Despite the many external challenges, particularly towards the end of the year, SSP has performed well and guidance for FY19 remains unchanged. Looking into 2020, many of these challenges will remain as well as ongoing economic uncertainty and the expectation of airline capacity cuts. That said, the diversity of the business and flexibility of the model leave us well placed to benefit from the significant structural growth opportunities in our markets and to create further value for shareholders.

Currency

Trading results from outside the UK are converted into Sterling at the average exchange rates for the period. Our estimate of the overall impact on revenue of the movement of foreign currencies (principally the Euro, US Dollar, Swedish Krona, and Norwegian Krone) during the full year 2019 compared to the 2018 average is expected to be around 1%.

2019 Full Year Results Announcement

The Group's results for the year ending 30 September 2019 are expected to be released on 20 November 2019.

[sogoesit] 17/9/2019 15:46

Lol - an idiot digging a hole!
Keep digging.

[sogoesit] 17/9/2019 12:14

Lol... someone who can't read and copy financial information never mind interpret it!

[philanderer] 13/9/2019 12:41

I still reckon it's a firming £ causing the drop - my big overseas earners are mostly in the red today , domestic stocks doing well though.

[philanderer] 13/9/2019 12:32

These BA strikes not helping


JD Wetherspoon's Tim Martin urges pilots at British Airways to stop strikes

JD Wetherspoon’s chairman Tim Martin on Friday urged pilots at British Airways to call off further strikes after this week’s industrial action hurt sales at the company’s Heathrow pubs.

Martin made the plea as Wetherspoon reported a 4.5% fall in pre-tax profits to £102.5 million in the year to July 28.

Parts of Heathrow resembled a “ghost town” this week after the BA pilots’ strike, and further walk-outs over pay are planned

[sogoesit] 13/9/2019 11:47

Compass Group (CPG), caterers, also down about 5% from recent highs.
(I follow but don't own).

[philanderer] 13/9/2019 10:12

Has to be..

At 0840 BST, the FTSE 100 was down 0.1% at 7,336.08, while the pound was up 0.7% against the dollar at 1.2415, breaching the $1.24 level for the first time since July - and 0.3% firmer versus the euro at 1.1180

[philanderer] 13/9/2019 10:01

Very poor week. Almost -6% so far

[sogoesit] 11/9/2019 18:22

Yes, GBP has been strengthening from recent weakness; may have something to do with it.

[philanderer] 10/9/2019 14:04

700p well out of sight again.

Overseas earners / growth stocks getting whacked again... two days running.

[philanderer] 09/9/2019 14:17

BA strike T5 Heathrow empty

[philanderer] 06/9/2019 21:00

SSP Signs Seven-Year Deal to Open International Food Hall at Brisbane Airport

SSP Group has secured a seven-year contract worth circa. £40m to open a new international food hall at Brisbane Airport.

[philanderer] 03/9/2019 12:23

Blimey, it's a right old struggle to get a grip above 700p :-)

Canaccord reiterates 'hold'

[sogoesit] 30/8/2019 10:58

Q4 Trading Update on 26 September.
Maybe weak sterling will boost non-GBP revenue figures.

[philanderer] 28/8/2019 13:46

One day we'll hold :-)


Read across maybe ?

Retailer WH Smith reversed earlier gains even as it said its travel division continues to perform strongly and that results for the year to the end of August will be in line with expectations.

[sogoesit] 23/8/2019 11:35

Ok, will check those out next trip ;-)

Above the magic 700 now... up, up and away???

[philanderer] 21/8/2019 00:11

SSP launches Tai Cheong Bakery and Archipelago Craft Brew House at Changi Airport Singapore