Ssp Share Discussion Threads

[philanderer] 28/9/2017 16:31

Liberum. BUY. tp. 600p

Shore Cap. BUY

reiterations

[broadwood] 28/9/2017 14:52

Nice positive action this morning.

- SSP Group, an operator of food and beverage outlets in travel locations worldwide, expects like-for-like sales in the fourth quarter to increase by approximately 3%.

Like-for-like sales growth in the air sector was driven by increased passenger numbers.

Trading in the rail sector remained soft during the quarter.

On a constant currency basis, total group revenues between 1 July 2017 and 30 September 2017 are expected to increase by approximately 14.8%, net contract gains of approximately 8.5% and additional revenue from Travel Food Services in India (TFS) of approximately 3.3%.

At actual exchange rates, given the weakening of Sterling against most currencies compared with the same period in the prior year, total group revenues for the period are expected to increase by approximately 17.5% year-on-year.

Net contract gains in the fourth quarter are expected to be approximately 8.5%. This performance benefitted from a strong contribution from the recently opened operations at Chicago Midway Airport. The redevelopment of Chicago Midway Airport is expected to commence in FY 2018.

For the 12 month period from 1 October 2016 to 30 September 2017, total group revenues are expected to increase by approximately 11.4% on a constant currency basis, including like-for-like sales growth of approximately 3%, net contract gains of approximately 5.8%, revenues from TFS of approximately 2.9% and a negative impact of -0.3% arising from the additional leap year day in 2016.

At actual exchange rates, total group revenues are expected to increase by approximately 19.3% year-on-year.

[sogoesit] 28/9/2017 08:36

Indeed... hopefully help to resume the upward trend.

[philanderer] 28/9/2017 08:09

Nowt wrong with those numbers 😀👍🏼

[broadwood] 28/9/2017 07:38

SSP like-for-like sales up 3%

[philanderer] 27/9/2017 14:15

HSBC downgrading to HOLD. target price 540p

[sogoesit] 13/9/2017 09:32

Another broker note sh*t on the price... so i did some accumulating.

[philanderer] 12/9/2017 12:43

Afternoon sf, captive auduience at airports and railway stations...

here's that Citi note...


We like SSP’s business and continue to see long term potential from taking share in North America and growing the business in developing markets but the current multiple (29.5x FY17E PE) does not allow for any missteps. We increase our forecasts c2% (FX) and our target price to 550p (from 530p).

Slowing UK consumer and geo-political events present near term risks. We expect FY17 to have closed out strongly with group LFL of 3% (9 months +3.2%). We expect 3% LFL growth in FY18 driven by ongoing optimism about global economic growth and air capacity expansion in Europe and US.

Nevertheless downside risks exist from slowing UK consumer confidence and geopolitical events. Up to now we felt those risks were outweighed by the upside potential from strong execution. With the shares now trading at almost 28x PE (FY17E) we struggle to see upside and downgrade to Neutral.

[scottishfield] 12/9/2017 12:10

With u there phil, all v weird (holder) added

[philanderer] 12/9/2017 11:28

Looks like Citigroup have taken the red pencil across the board.

Clueless, admitting calling it wrong before.



'UK hotels and coffee shops have limited opportunities growth - Citi'

[philanderer] 12/9/2017 09:53

So it's a downgrade from Citigroup from 'buy' to 'neutral'.

Good luck wit that ;-)

[philanderer] 11/9/2017 09:29

Record demand for Heathrow in August

[philanderer] 10/9/2017 09:34

Thanks Plasybryn :-)


MIDAS SHARE TIPS UPDATE: Travel food chain SSP earns a decent crust as consumer appetite grows

Read more:

[plasybryn] 10/9/2017 08:06

Nice mention in The Mail on Sunday

[philanderer] 07/9/2017 09:14

7th sept Liberum buy tp 600p

reiterates

[philanderer] 05/9/2017 16:19

So what's the difference between SSPG today and yesterday apart from Morgan Stanley having another guess ?

'equal weight' and 450p target price they said on 19th may. So how come they wait until 555p before commenting again. Did all their clients sellout at 450p ?

Weird.

[philanderer] 05/9/2017 14:50

Cheers Sg , they had us on 'equal-weight' tp 450p three months ago. They've downgraded and inceased their tp :-)

They called it wrong big time in may, what's the odds they've got it right this time ? ;-)

[sogoesit] 05/9/2017 11:31

I saw this from my TD News but can't confirm:
"SSP Group, down 1.5%. Morgan Stanley downgraded the food and drink concessions operator to Underweight from Equal Weight."

There is also a report that their new TP is 480 from 450, but that doesn't make sense.
But then again when do analysts make sense?

EDIT: Confirmed from another news feed: Morgan Stanley today say Underweight New TP 480. Market disagreeing for the time being.

[philanderer] 05/9/2017 10:58

Someone unloading a few an hour ago ..

61,927 @ 548p

[philanderer] 05/9/2017 09:45

UK co SSP Group to operate BG Airport food outlets


SSP will replace Cup O' Joe in the main duty free hall.

For the first time, an international company that operates food areas in airports is setting up business in Ben Gurion Airport. UK company SSP Group plc has over 2,000 food and beverage outlets in airports in 32 countries around the world, including Heathrow Airport in London, Orly and Charles de Gaulle Airport in Paris, Frankfurt Airport, Amsterdam Airport Schiphol, Kloten Airport in Zurich, Helsinki Airport, and Sydney Airport.

SSP, which won an Israel Airports Authority tender, will replace Cup O' Joe in the main duty free hall at Ben Gurion Airport. The tender was to operate two dairy cafes for passengers at Terminal 3: one in the main hall and the other in Area D.

[philanderer] 01/9/2017 17:45

From tuesday this week..


'2 FTSE 250 growth stocks I’d buy and hold for the next five years'

SSPG and DOM

[philanderer] 30/8/2017 13:16

Yep, it's a good 'un :-)

Maybe a read across today also from WH Smith update saying 'further opportunities in the airport market' ?