Ssp Share Discussion Threads

[philanderer] 16/2/2018 10:06

16th feb HSBC 'hold' tp 610p up from 540p

[philanderer] 13/2/2018 23:26

Positive for SSPG I would have thought..


'Resilient' demand from UK holidaymakers lifts travel giant TUI as hotel and cruise bookings hold up despite weaker pound

Read more:

[philanderer] 13/2/2018 09:46

Heathrow racks up record January after boost from domestic flights

[philanderer] 12/2/2018 13:38

For some spooky reason my holding divides exactly .

[sogoesit] 12/2/2018 08:58

Rounding-up my holdings so that they are divisible by 31.
Note that residual shares are sold and the funds contributed to the SSP Foundation... whatever that is (some sort of charity).

[philanderer] 09/2/2018 17:59

SSPG unchanged on the week , quite an achievement .

All my other nineteen stocks getting a good kicking.

[philanderer] 09/2/2018 13:30

Passenger numbers surge at Gatwick and Luton

[philanderer] 06/2/2018 10:06

'London City Airport joins growing plastics trend'

.....SSP Group, which operates several restaurants, bars and cafes in the airport, including Espressamente Illy, City Bar, Pilots Bar & Kitchen and Panopolis, will now only supply paper straw alternatives

[sogoesit] 06/2/2018 09:11

Looks good value at 600p or better.

[philanderer] 05/2/2018 13:01

Even the most negative broker has 570p


31st jan Goldmans sell tp 575p
24th jan Barclays overweight tp 700p
24th jan Numis add tp 710p
24th jan Liberum buy tp 720p
24th jan Canaccord sell tp 570p
23rd jan ShoreCap buy -
23rd jan Kepler reduce tp 600p
23rd jan Panmure hold -
23rd jan Stifel reduce tp 580p


23rd jan ++++ trading update ++++

[sogoesit] 05/2/2018 11:44

Risk to the downside, from a TA viewpoint, has been reduced.
Positive for upside to the share price from here coupled with support at about 600p.

[plasybryn] 03/2/2018 13:39

What does that mean going forward please?

[sogoesit] 03/2/2018 12:57

For anyone with a TA bent the gap-up on 22/11/17 is now closed.

[philanderer] 31/1/2018 13:24

Talk about covering your @rse :-)


Goldman Sachs downgraded SSP, an operator of food and beverage outlets, to ‘sell’ from ‘neutral’ but lifted the price target to 575p from 535p.

The bank said SSP trades at a premium to leisure peers, concessions and contract caterers, and while the company’s historical execution has been strong, it does not expect growth rates to pick up to levels that would justify this premium valuation.

It said the current valuation implies an acceleration in earnings growth to over 30%, which it does not think is likely given an inflationary cost environment and headwinds to profit, as SSP starts refurbishments at Chicago airport.

“Together, we expect these headwinds to limit the company’s ability to deliver margin expansion in line with history,” GS said.

The new target price of 575p implies 10% downside potential, hence the rating downgrade.

“Should the company outperform our expectations on cost efficiency (and hence profitability), we would need to revisit the outlook and our view. Additionally, and aside from company-specific factors, stronger travel trends or a faster pace of outsourcing would encourage us to take a more positive view on the broader sector, and SSP as a result.”

[philanderer] 31/1/2018 13:14

just seen it SB....

And on SSP, that's Goldman.

12:07 pm

BE
Travel concessions company SSP currently trades at a
calendared 2018E FCF yield of 2.9% and at 27.3x P/E, implying an acceleration in earnings growth to over 30%. We do not think this is likely given an inflationary cost environment and headwinds to profits, as SSP starts refurbishments at Chicago airport. Our 12-month target price of 575p implies 10% downside potential. Sell.

[soundbuy] 31/1/2018 12:09

GS note this morning doing the damage

Sell PT 575p

[philanderer] 31/1/2018 09:18

Not been for a while SB.

Added a few at 606p .

Can't see what's changed.

[philanderer] 30/1/2018 18:01

SSP opens restaurant with Michel Roth in Gare de Metz station


SSP France, a subsidiary of SSP Group PLC, a leading operator of food and beverage outlets in travel locations worldwide, has opened a new restaurant called ‘Terroirs de Lorraine’ in Gare de Metz station with renowned chef Michel Roth. The restaurant was created in partnership with SSP France and SNCF Stations & Connections.

At the restaurant, guests can enjoy meals from a bistro lunch to a gourmet evening meal. The menu, created by Roth, will be served by chef Xavier Pauly and his team of eight. Highlights include perch fish and chips, Lorraine stew, classic mehlknepfle egg, and Rossini beef fillet.

The restaurant has over 130 covers, with additional seating on a terrace which can be used in the summer. The décor, which features warm saffron golds and sumptuous cobalt blues, combines period features of the historic building with contemporary flair. The Gare de Metz, which has been a classified historic building since 1975, was granted the title of the most beautiful station in France in 2017.

[sogoesit] 26/1/2018 15:50

Lots of folks don't read RNS diligently; not unusual.
He appears to be concentrating on the forward looking price valuation rather than income returns or total returns as he concentrates on the PER being paid.
The 21p has been known about since the results on 22 November last year so should have been priced in.

[plasybryn] 26/1/2018 14:15

But he doesn't mention the £100m being returned to share holders by way of Special dividend? Bit of an omission?

[sogoesit] 26/1/2018 13:26

Phil Oakley of sharepad is sceptical... from page 11:

[philanderer] 26/1/2018 00:57

From SSP Group website 25th january..


Special dividend = 20.9p


Consolidation:

Shareholders will receive 30 New Ordinary Shares in substitution for every 31 Existing Ordinary Shares held at the Record Time.

Dates and details here:

[philanderer] 25/1/2018 21:03

Plasybryn , they look like delayed reported trades from earlier in the day.