Ssp Share Discussion Threads

[nw99] 25/3/2020 07:17

Scary times

[looneytune] 25/3/2020 07:13

Priced in really?? You will see this morning how well it was priced in. Carnage!

[rarther] 24/3/2020 12:39

That's already in the price.

[looneytune] 24/3/2020 09:58

This looks to be on a knife edge. So dependant on worldwide travel which has been crippled with no end in sight. Like most Companies, additional funding is key.

[rarther] 19/3/2020 13:37

As mentioned, calling the bottom is guessing, however...This was £6.85 a month ago, now £1.45. Priced as if it's going to go bust, when it's too big for the govt to allow it to go bust.They can survive on their cash pile for ages then get bankrolled when Sunak opens his Mary Poppins bag of free money to defibrolate the consumer economy.In 2 years they will be back to earning over £100m a year and wherever the bottom happens to be, these prices are cuckoo. Going to keep panic buying SSP shares while this meal deal offer persists.

[philanderer] 18/3/2020 15:50

No value anywhere. Nobody knows what will happen to the world. Anyone making any sort of call is guessing.

[nw99] 18/3/2020 14:57

Any cash on the balance sheet any value here ?

[rarther] 18/3/2020 14:50

This 65% drop in 2 days compared to a flat market is panic selling by income portfolios who want nothing to do with this sort of risk.Closed airports and govt advice to stay in will hurt SSP badly in the short term but not long term. It has 40,000 employees and is visually a huge percentage of the travel retail space so it is too big to fail imho (at front of queue for government handouts?).When this virus panic blows over in a few months this price is going to look ridiculous (as low as £1.50 for the record, if anyone is reading in the future).I'm panic buying SSP shares instead of toilet paper - they are cheaper and in greater supply at the moment.

[philanderer] 18/3/2020 09:11

SSPG my lowest value holding as of ten minutes ago.

[philanderer] 17/3/2020 13:43

The Foreign Office have advised against all non-essential travel, everywhere, for at least 30 days.

Airports are expected to close within weeks if they do not get financial support.

[philanderer] 12/3/2020 10:00

Everything's sh1te at the moment.

[onjohn] 12/3/2020 09:49

100p comjng

[nw99] 12/3/2020 08:32

WH Smith's warning that its travel business has been hit by a "material reduction" in passenger numbers at airports amid the spread of the coronavirus bodes badly for SSP. A further downgrade/profit alert from SSP seems inevitable

[philanderer] 11/3/2020 13:59

Heathrow sees plunge in passenger numbers as coronavirus hits demand

[nw99] 06/3/2020 13:15

400p the buying target

[philanderer] 05/3/2020 12:25

Luck with those johnsoho . Another bad day today though :-(

[johnsoho] 04/3/2020 15:05

Have now re-invested in SSPG, i think it’s just about at the bottom and it’s all UP from here for the next few weeks or so, back hopefully to circa £6.50.....time will tell

[philanderer] 04/3/2020 09:00

xd tomorrow morning for the 6p interim dividend.

[philanderer] 03/3/2020 10:51

HSBC CUTS SSP GROUP PRICE TARGET TO 650 (800) PENCE - 'BUY'

[philanderer] 02/3/2020 17:32

And another dreadful day, friendless......2.7 million shares traded

[philanderer] 02/3/2020 10:35

This is looking very sad. A long haul back.

[philanderer] 27/2/2020 12:27

KEPLER CHEUVREUX CUTS SSP GROUP PRICE TARGET TO 650 (660) PENCE - 'HOLD'

BARCLAYS CUTS SSP GROUP PRICE TARGET TO 670 (735) PENCE - 'OVERWEIGHT'

[philanderer] 27/2/2020 12:08

27th feb Liberum buy tp 700p cut from 780p
26th feb Shore Cap buy -

[johnsoho] 26/2/2020 10:54

26 February 2020

SSP GROUP PLC

SSP AGM and update on the COVID-19 virus

SSP ("SSP" or "the Group"), a leading operator of food and beverage outlets in travel locations worldwide, will today hold its Annual General Meeting and, ahead of this, issues an update to the market on current trading and the impact of the COVID-19 virus (Coronavirus).

In the current financial year trading in the UK, Continental Europe and North America, which together account for approximately 86% of Group revenue, has been in line with our expectations. In the Rest of the World, which accounts for 14% of group revenue and comprises the Asia Pacific region, India and the Middle East, we have seen an impact from the COVID-19 virus.

Since the escalation of the virus during January, our immediate priority has been the health and safety of our colleagues, customers and partners based across China and the Asia Pacific region. We have worked closely with our teams and local authorities to implement a range of additional health and safety policies and protocols covering hygiene, travel and quarantine periods, in order to keep people fully informed and as well protected as possible against infection.

In terms of the impact at the airports in which we operate across the region, in China we have seen sharp declines in both domestic and international air passenger numbers, which are currently running c. 90% lower YOY. In Hong Kong passenger numbers are c. 70% lower YOY and across a number of our other Asia Pacific countries, including Singapore, Thailand, Taiwan and the Philippines, passenger numbers are between 25% and 30% lower YOY. Elsewhere, we have also seen some impact at our airports in Australia, as well as at major travel hubs in the Middle East and India, although to date this has been less severe.

In response to the sharp fall in sales in China and across the Asia Pacific region, we have been working with our clients to maintain appropriate service levels, whilst taking all the necessary action we can to reduce costs, including the temporary closure of units and reduced operating hours.

In terms of the financial impact of COVID-19, our expectation is that for the month February sales across the Asia Pacific region (which accounts for approximately 8% of SSP Group revenues) will be approximately 50% lower YOY. Together with the impact in the Middle East and India, this is expected to reduce overall Group revenue in February by approximately GBP10m - GBP12m, with a corresponding reduction in operating profit of approximately GBP4m - GBP5m.

Summary and outlook

Clearly the duration of the COVID-19 virus and its impact on global travel is uncertain at this stage, as are its consequences for our financial performance for the full year. We will continue to take all the necessary action as appropriate. O ur strategy remains unchanged, and we continue to be well placed to benefit from the significant structural growth opportunities in our markets over the medium term and to create ongoing value for our shareholders.