Ssp Share Discussion Threads

[philanderer] 21/12/2017 09:10

21st dec Citigroup neutral tp 685p

[philanderer] 18/12/2017 17:42

Renowned Local Chefs Bring Their Distinct Culinary Ethos to San Francisco International Airport with Manufactory Food Hall


Four celebrated San Francisco chefs—Elisabeth Prueitt and Chad Robertson of Tartine, Gabriela Cámara of Cala, and Pim Techamuanvivit of Kin Khao—are teaming up with SSP America, a division of SSP Group, a leading operator of food and beverage brands in travel locations worldwide to further enhance the airport dining portfolio of San Francisco International Airport.

full:

[philanderer] 13/12/2017 09:07

SSP opens first Ritazza in Scotland at Glasgow Prestwick Airport

12-Dec-2017 | SSP News Release

[philanderer] 11/12/2017 13:08

Should help :-)

'Record November passenger numbers at snow-hit Gatwick and Heathrow'

[malcolmmm] 08/12/2017 16:48

I am up over 25% overall , first bought at 412p so sort of happy

[sogoesit] 06/12/2017 17:07

Holding-up well here in face of a bit of a rout in growth stocks going on.

[philanderer] 05/12/2017 20:44

Second busiest airport of the Philippines :-)


"Cebu airport taps UK firm food outlets"


Megawide Construction Corp. tapped UK-based SSP Group, a leading operator of food and beverage outlets, to operate and develop world-class food and beverage concepts within Terminals 1 and 2 of Mactan-Cebu International Airport.

GMR-Mactan-Cebu International Airport president Louie Ferrer said Megawide awarded to SSP Group the contract to design, develop, set-up and operate Food & Beverage units covering 1,000 square meters. Megawide is the local partner of GMR Group of India.

The contract will begin with the opening of Terminal 2 in June 2018. “SSP operates in some of the world’s busiest airports. We are proud to partner with them in delivering the world class standards that Filipinos deserve,” Ferrer said.

“We’re also looking forward to showcasing the best of our local delicacies to international travelers, such as Cebu’s famous lechon and dried mangoes, alongside the best of international cuisine,” he said.

Ferrer said they were now in talks to finalize the brands that would be featured in MCIA.

[sogoesit] 04/12/2017 08:04

Pipeline appears to have been built and now in continuing operation... another 30% for the coming year, in that case?
Accumulating today.

[philanderer] 01/12/2017 12:02

SSP Group Snaps Up German Rival Stockheim

SSP Group, the food and drink concession operator, has agreed to acquire part of German rival Stockheim for an undisclosed fee.

The FTSE 250 group agreed to acquire Stockheim's Cologne business and Stockheim Systemgastronomie, which together operate 25 food and beverage outlets in airports and railway stations, including at Düsseldorf and Cologne.

In the last calendar year the Stockheim businesses in question generated sales of roughly €30m.

The agreement, which is subject to prior clearance by the German competition authorities, is expected to complete in early 2018.

SSP's chief executive for Germany, Switzerland, Austria and France, Oliver Dörschuck, said: "We are delighted to have acquired Stockheim. The business has some great brands operating in some key locations across Germany."

[philanderer] 29/11/2017 18:33

Ssp Group (OTCMKTS:SSPPF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

[philanderer] 24/11/2017 13:32

I saw Ramsay's outlet at Heathrow Terminal 5 last friday - doing great business. Aimed at the 'take on board' market especially now that British Airways has knocked free food on the head


SSP partners with Gordon Ramsay to develop premium grab and go concept,

[sogoesit] 24/11/2017 09:19

22 November Barclays raises TP to 650 from 625 and said Overweight.

I had my own target when I started but am a bit confounded myself now.
Must just do some work and see what growth makes sense but, in general, shares that payout cash I tend to "sit" on... since they provide a comfortable cushion.

31% EPS growth for 19% Revenue growth we are paying 31 times at 640 so that appears "fair value" at PEG of unity approx.
If we get 30% EPS growth next full year then the 1 year upside should be about 790p. So looks like a Buy, Hold, Overweight in my book!

If Shore says £174m next year pre-tax that implies 24.5p EPS which is about 21% EPS growth.
Probably another stock which will become subject to "valuation fluctuations" in the market as the story gains popularity.

[philanderer] 23/11/2017 13:48

23rd nov JP Morgan neutral tp 520p up from 450p
23rd nov Morgan Stanley underweight tp 530p up from 480p

[philanderer] 23/11/2017 09:34

More cash returns to come at SSP, says Shore Capital

Upper Crust owner SSP (SSPG) has reported better-than-expected full-year results and dividends, leading Shore Capital to predict more shareholder returns.

Analyst Greg Johnson retained his ‘buy’ recommendation on the shares, which jumped 6.6% to 647p on the news.

The group reported an underlying operating profit increase of 34% to £162.9 million, which was £5 million better than forecast. It was driven by strong revenue and improvement in margins.

Management noted that the current year had started well with an ‘encouraging’ pipeline of new contracts.

‘The group has announced a step in the payout ratio from 35% to 40%, resulting in a sharp increase in its full-year dividend per share to 8.1p against our forecast 6.8p and a £100 million special dividend and share consolidation,’ said Johnson.

‘With the debt/earnings likely to remain below the target range we would expect further cash returns going forward.’

He added that the ‘better-than-expected results and the special dividends’ meant he had revised up his profit before tax forecasts for 2018 to £174 million.

[philanderer] 23/11/2017 09:30

Why airport food is big business: Retailer SSP continues to rise after publishing strong full-year results

Read more:

[philanderer] 22/11/2017 17:49

What a cracking day... SSPG now my second largest portfolio holding behind IMB :-)

[broadwood] 22/11/2017 15:27

Thanks Phil.

Didn't realise there was a Paul Hollywood connection.

[philanderer] 22/11/2017 13:47

"Swann serves £100m treat at booming SSP"

[philanderer] 22/11/2017 12:37

Numis 'add' tp 670p

[philanderer] 22/11/2017 08:32

Not bad at all ;-)


ShoreCap reiterates 'buy'

[sogoesit] 22/11/2017 08:23

Plus 21p RoC... for re-investment in this case!

[broadwood] 22/11/2017 08:21

There's nothing not to like. Now for the broker upgrades.

- SSP Group reported a large rise in annual profits after it boosted revenue at its food and beverage outlets in airports and other travel locations.

Underlying pre-profit jumped 38.3% £148.7m, while revenue grew by 19.5% to £2,379.1m, assisted by currency movements.

Like-for-like sales grew by 3.1%, driven by air passenger traffic.

The company declared a final dividend of 4.9p per share, bringing the full year dividend to 8.1p, an increase of 50%, which the company said partly reflected an increased in the payout ratio to 40%.

"The new financial year has started in line with our expectations and, whilst a degree of uncertainty always exists around passenger numbers in the short term, we continue to be well placed to benefit from the structural growth opportunities in our markets," chief executive Kate Swann said.

[nw99] 22/11/2017 08:12

SCSW great tip

[mastermatto] 22/11/2017 07:46

Double digit growth across the board. Great results! Also - Proposed c.£100m special dividend and share consolidation. Good news