Ssp Share Discussion Threads

[rarther] 02/12/2014 08:24

Several of the new format have sprung up very suddenly in the last few weeks around the south east and more are on the cards.

With Network Rail's massive expansion on commercial space across the UK this is a very exciting opportunity for SSP.

[philanderer] 01/12/2014 22:23

Number 2 today....


FTSE 250 Risers


Croda Intl. (CRDA) 2,566.00 4.56%
Ssp Grp (SSPG) 275.60 4.28%
Balfour B. (BBY) 191.10 4.26%
William Hill (WMH) 347.20 3.64%
Morgan Advanced (MGAM) 300.40 2.95%
Saga (SAGA) 156.90 2.02%
Spire Health (SPI) 320.00 1.91%
Foxtons (FOXT) 153.90 1.45%
Brit (BRIT) 252.00 1.33%
Ted Baker (TED) 2,183.00 1.16%

[philanderer] 01/12/2014 12:19

Maybe a large buy not printed yet ?

[sian] 01/12/2014 11:37

What caused the spike...?

[johnsoho] 01/12/2014 11:25

On a poor day SSPG is looking good.....we have, I think, a breakout!!!

[philanderer] 01/12/2014 10:57

Sudden spike there .... 210k traded so far tosday

[philanderer] 01/12/2014 09:24

Jefferies reiterates 'hold' and increases target from 255p to 290p.


updated:

1st dec Jefferies hold tp 290p
27th nov Numis add tp 300p
27th nov JP Morgan overweight tp 310p
27th nov Shorecap buy -

27th nov +++++ Results ++++

[philanderer] 28/11/2014 17:18

Another good day for SSPG, on good volume .. 750k traded

[philanderer] 27/11/2014 20:11

Couple of news items from this week


'SSP appoints Paul Heflin to North America design and construction role'





'SSP to open M&S Simply Food outlet at London Stansted Airport'

[philanderer] 27/11/2014 20:07

Investors Chronicle:

Travel food and drink operator SSP Group (SSPG) enjoyed a 21 per cent rise in operating profits for the year to September after a 4 per cent rise in revenues at constant currencies. Like for like sales grew by 3.3 per cent with good performance across Europe, North America and Asia.

Buy.

[philanderer] 27/11/2014 12:01

Shorecap reiterates 'buy'

JP Morgan reiterates 'overweight' target up from 300p to 310p

[rarther] 27/11/2014 08:44

Headline on advfn news wire... ssp group swings into pre tax loss.

[rarther] 27/11/2014 08:36

Very nice set of results. Would have been exceptional if not for currency hit, but what can you do?The key is in the margin imo... half a percent up. That is an absolutely huge turnaround in a year for a co working in an industry with such thin margins on offer.

[philanderer] 27/11/2014 08:26

I`m well pleased with those numbers. Good chance of taking out that 250p if the general market holds up.

Wall St closed today and half day tomorrow.

[johnsoho] 27/11/2014 07:58

Reckon these results are pretty good, operating profits up, wonder what the market will think?


SSP Group PLC

27 November 2014

SSP GROUP PLC

Results for the year ended 30 September 2014

Good results with profit(1) up 21%

SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for the year ended 30 September 2014.

Highlights:

-- Operating profit(1) up 20.8% in constant currency; up 12.3% to GBP88.5m at actual exchange rates

-- Revenue of GBP1,827.1m, up 4.0% on a constant currency basis; stable at actual exchange rates
-- Like-for-like sales growth of 3.3%; strong performances in UK, North America and Asia Pacific
-- Operating margin(1) up 50 basis points to 4.8%
-- Operating cash flow(3) generation of GBP83.3m, an increase of 24.3%
-- Continued investment in the business with capital expenditure of GBP76.0m
-- Balance sheet significantly strengthened with year-end net debt of GBP371.1m (2.3x 2014 EBITDA)

-- New contracts secured included Beijing, Dubai, Sacramento and Stansted airports
-- Good early progress in embedding stronger retail disciplines and leveraging best practice and international scale

Commenting on the results, Kate Swann CEO of SSP said:

"We delivered a good performance across the Group with profit up 21%, and strong sales growth and cash generation. We also strengthened our balance sheet, providing capacity for continued growth.

We made good progress on the implementation of our strategy and are particularly encouraged by the strong growth we achieved during the year in North America and Asia Pacific. We also began to deliver early results from our broad programme of initiatives to drive benefits from our international scale and are encouraged by the opportunities going forward.

We have started the financial year in line with our expectations and looking ahead, whilst a degree of uncertainty always exists around passenger numbers in the short-term, we are well positioned to benefit from the underlying positive trends in our markets."


Year on Year Change
2014 Constant Actual
FX
(GBPm) Currency Rates
Revenue 1,827.1 +4.0% Flat
Like-for-like sales n/a +3.3% n/a
growth
Operating profit (1) 88.5 +20.8% +12.3%
Profit before tax (1) 61.8 n/a +61.4%
Pro-forma profit before
tax (1, 2) 71.5 n/a +14.0%
Operating cash flow
(3) 83.3 n/a +24.3%
Net Debt 371.1 n/a -57.4%

(1) Stated on an underlying basis, excluding exceptional items and amortisation of intangible assets arising on the acquisition

of the Group by EQT in 2006. Please refer to the consolidated income statement for a reconciliation from the

underlying to the statutory reported basis
(2) Unaudited pro-forma basis, assuming post IPO financing in place throughout both years

(3) Stated on an underlying basis after capital expenditure and tax, and excluding exceptional items

[rarther] 26/11/2014 17:25

I think this will shoot up tomorrow. I'm long for a bit!In true kate swann style i think the top line will be in-line, bottom line outperformance and there will surely be some icing on the cake if they want to impress on maiden results day.

[philanderer] 26/11/2014 16:03

Not long to find out ;-)

[immokalee] 26/11/2014 15:28

If there was something leaking you'd probably see a bigger movement than todays 0.6%

[philanderer] 26/11/2014 13:56

Hope there`s nothing leaking ?

[johnsoho] 26/11/2014 12:21

Yup, Thursday 27th November.........reckon tomorrow should be a good day given what Kate Swann said with the Interim Management statement:)

[philanderer] 26/11/2014 12:16

Oh blimey , it`s results tomorrow not today ! :-D

[johnsoho] 25/11/2014 18:11

"I am pleased to announce our first IMS as a listed company. During the period we saw a strong performance for the Group, particularly in the U.K., North America and Asia Pacific. We continue to be confident in the outlook for the business."

Said Kate Swann on 7 August in the Interim management statement.......so, fingers crossed for tomorrow and let's hope the results ensure a substantial breakout upwards from the 250p level

[philanderer] 25/11/2014 17:17

That`s a right old struggle with that 250p. Let`s hope for some good numbers tomorrow to break it for good.

[philanderer] 24/11/2014 13:26

As good as the baguette I`ve just had from Upper Crust at Paddington station ;-)