Ssp Share Discussion Threads

[philanderer] 11/4/2018 12:29

Yes, xd tomorrow morning for the 20.9p special dividend

[sogoesit] 10/4/2018 15:37

From a charting perspective there is an obvious "wedge" pattern being driven to its apex. This implies a break-out (either up or down).
With the consolidation we shouldn't see a change "theoretically" but one never knows for sure. What will folks do with all that cash.... which we won't have for a fortnight ;-) ?

Next company event is Interim Results on 16 May so will be a month away in a few days giving room for analysts and others to speculate before the announcement.

[philanderer] 10/4/2018 11:49

Busiest March at Gatwick airport as passengers flock to the US

[broadwood] 09/4/2018 09:46

To remind myself so I don't have to keep looking up.


The amount of the Special Dividend is 20.9 pence per Existing Ordinary Share. Subject to Shareholder approval at the Annual General Meeting, the Board is proposing to pay the Special Dividend to Shareholders on the register of members of the Company at 6.00 p.m. (London time) on 13 April 2018. The Special Dividend is expected to be paid to Shareholders on 27 April 2018.
Share Consolidation

It is proposed that the payment of the Special Dividend be accompanied by a consolidation of the Company's ordinary share capital. In line with market practice, the Share Consolidation is intended to maintain comparability, as far as possible, of the Company's share price before and after the Special Dividend, subject to normal market fluctuations. Under the proposed Share Consolidation, the Existing Ordinary Shares will be sub-divided and consolidated so that Shareholders will receive 30 New Ordinary Shares for every 31 Existing Ordinary Shares held at the Record Time, expected to be 6.00 p.m. on 13 April 2018.

The nominal value of each New Ordinary Share will be 1 1/30 pence. Unless a Shareholder elects otherwise, fractions of New Ordinary Shares arising from the Share Consolidation will be aggregated and sold in the market, with the proceeds being distributed to the SSP Foundation (a charitable organisation set up by SSP Group plc, registered under charity no. 1163717).
The ratio used for the Share Consolidation has been set by reference to the closing middle-market price of 654.5 pence per Existing Ordinary Share and the number of Existing Ordinary Shares in issue on 24 January 2018 (being the latest practicable date prior to the publication of the Circular).
Shareholders will own the same proportion of the Company as they did before the Share Consolidation so far as possible. Although the New Ordinary Shares will have a different nominal value, they will carry the same rights as currently attach to Existing Ordinary Shares under the existing articles of association.
The Special Dividend and Share Consolidation are conditional on Shareholder approval which will be sought at the Annual General Meeting on 27 February 2018 and Admission of the New Ordinary Shares to the Official List and to trading on the Main Market.
Applications will be made for (i) the Official List to be amended to reflect the New Ordinary Shares arising from the Share Consolidation, and (ii) the New Ordinary Shares to be admitted to trading on the Main Market. Trading on the London Stock Exchange for the Existing Ordinary Shares (under ISIN GB00BNGWY422) is expected to close at 4.30 p.m. on 13 April 2018, and it is expected that Admission of the New Ordinary Shares will become effective and trading in the New Ordinary Shares (under ISIN GB00BFWK4V16) will commence at 8.00 a.m. on 16 April 2018.

[philanderer] 27/3/2018 12:08

London City Airport sets record as tourists boost numbers

[philanderer] 27/3/2018 11:40

Getting close to chart support. Everything else up for me apart from SSPG :-s

[sogoesit] 26/3/2018 13:01

Ok, so ex-consolidation is 12 April not 16 April... understood.

[philanderer] 26/3/2018 12:17

Sogoesit , I think the xd for the special dividend is thursday 12th april , record time is 6pm 13th. The new consolidated holdings should be shown on Crest monday 16th april

[sogoesit] 26/3/2018 11:29

Rolling transport public sector strikes for April in France... not sure how much of an impact it could have on SSP as it has only a Gare de Lyon and one CdG outlet.

Awaiting consolidation payout on 27 April (ex- 16 April) otherwise dividend pays this week on 29th.

[philanderer] 23/3/2018 17:10

But SSPG the only one of mine up this week .

[philanderer] 21/3/2018 09:12

All gone again.

[philanderer] 20/3/2018 18:25

Good day , fingers crossed ;-)


FTSE250 Risers

Fenner (FENR) 613.50p 25.05%
Softcat (SCT) 672.00p 4.02%
SSP Group (SSPG) 631.50p 3.10%
Bellway (BWY) 3,140.00p 2.95%
McCarthy & Stone (MCS) 150.60p 2.87%
Nex Group (NXG) 896.00p 2.75%
IP Group (IPO) 104.80p 2.75%
Grafton Group Units (GFTU) 842.00p 2.68%
Crest Nicholson Holdings (CRST) 450.40p 2.64%
ZPG Plc (ZPG) 330.20p 2.55%

[philanderer] 16/3/2018 12:54

SSP Group Business Development Director Jonathan Robinson attending..



'The 27th annual Airport Commercial & Retail event hosted by Israel Airports Authority (IAA) attracted more than 300 delegates in Tel Aviv, Israel.'

[philanderer] 14/3/2018 17:37

XD tomorrow morning for the 4.9p dividend

[philanderer] 08/3/2018 00:40

one more :-)

'SSP America Opens Liberty Diner at Newark Liberty International Airport'

[sogoesit] 23/2/2018 16:37

That seems to me to be a lot of footfall, phil.
Pipeline keeps delivering.

[philanderer] 23/2/2018 09:47

SSP America Awarded Major New Food & Beverage Contract at PHX


[(United States, February, 22nd 2018)]:


SSP America, a division of SSP Group, a leading operator of food and beverage brands in travel locations worldwide, has been awarded a ten-year contract by the City of Phoenix and the City of Phoenix Aviation Department to commercially develop and operate five separate food and beverage concession spaces at Phoenix Sky Harbor International Airport (PHX).

The new restaurants will cover a total of 19,833 square feet of concession space in the North and South Concourses of Terminal 3 as well as the lobby and ticketing areas. The contract will see SSP America introduce a mix of award-winning local and chef-driven brands as well as two, enormously popular, forward-thinking national brands.

[philanderer] 21/2/2018 17:37

Ritazza chair faces revolt as 'overboarding' anger grows

Investors are being urged to oppose Vagn Sorensen's re-election at next week's SSP Group AGM, Sky News learns.

[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