Ssp Share Discussion Threads

[dlku] 22/4/2015 08:11

Fine weather getting everyone out and its boosting baguette sales

[steveo18] 21/4/2015 12:05

hellooo

heading for a breakout

[dlku] 20/4/2015 15:25

Results mid-May - getting to the point where punters start buying in advance imo.

Last update was rather good imo.

All imo/dyor etc

[matplum] 20/4/2015 11:20

Oops, these shares are going the wrong way?

[dlku] 19/4/2015 12:55

Should begin run up to results on 21 May 2015 Interim Results Announcement

[dlku] 16/4/2015 10:43

helping margins will be 3 things
1. the low oil price will be helping reduce cooking costs - what per cent of costs relate to fuel?
2. bumper film slate in 2015
3. better consumer spend to lift lfl - if just 100 extra baguettes eaten from a store - its all almost pure profit

[rarther] 16/4/2015 10:18

Maybe in 10 years? I am a bull as well but to get 10% margin out of this from this business model is to get blood from a stone.

ps. they are already on every corner of the earth, they will need to expand to Mars to get any further footage. I had a veggie burger at Burger King Abu Dhabi last year and the chap who served me had an SSP I.D.

[dlku] 16/4/2015 10:13

When Swann presented her first interim results as WH Smith chief executive on April 22, 2004, the retailer reported a £72m pre-tax loss. The new boss warned that WH Smith was “uncompetitive” and revealed to a stunned City that she had found stock that was years out of date in the stockroom, which cost £45m to write off.
On Thursday, though, WH Smith announced interim profits of £69m, up 5pc on last year, and said it plans to expand into China.
By instigating such a dramatic turnaround, Swann has demonstrated many of the values that have been credited to Baroness Thatcher this week. These include prudence, a willingness to take difficult decisions – even when they attract opposition – hard work and not being afraid to defy convention.
Swann’s prudence and control of costs is legendary in the retail sector.
The WH Smith boss has shied away from the high-profile cost-cutting “packages̶1; that companies often unveil when looking to appease investors or banks. Instead, her focus has been relentless. Staff have been encouraged to find smarter ways to work and be creative. In Swann’s own words, cost cutting has become “cool”.
WH Smith has just found another £8m of costs to cut for the next six months. Measures include pulping books that have been returned by the customer rather than transporting them back to the publisher; and installing timers into the in-store chillers.
But while cost-cutting can protect the bottom line, it can only take a business so far. One glance at a WH Smith high street store demonstrates this - they often appear underinvested and tired.
In reality, the breadth of Swann’s achievements are greater than that.
The recovery of WH Smith can be traced to three key decisions she took – all of which demonstrate an impressive foresight for new trends.
Firstl, in 2006, Swann closed WH Smith’s final-salary pension. This move affected 2,000 workers and was hugely controversial. It was a brutal move, but ultimately dealt with a problem that threatened the future of the company.
When Swann took over, the pension deficit was bigger than the market value of the company. Today, it stands at £75m, compared to WH Smith’s stock market value of £986m.
The second key decision was to abandon the sale of entertainment products and move towards newspaper, magazine and stationery products.
This shift unnerved the City. The sale of DVDs, CDs, and video games accounted for 25pc of WH Smith at the time and analysts questioned how the retailer would ever replace the lost revenues.
For Swann, though, the lost revenues were not the point. The real concern was that the entertainment market was low margin because of fierce competition from Amazon, Apple and supermarkets.
Since then, the failures of HMV, Zavvi, Woolworths and Game have vindicated her strategy. Today, the sale of CDs and DVDs accounts for only a low single-digit percentage of WH Smith’s revenues, but profits for the company are at record levels as it benefits from selling more high-margin stationery.
The final key decision was Swann’s drive to create a vast travel business that covers airports, railway stations, hospitals, workplaces, and motorway service stations.
This could prove to be Swann’s biggest lasting legacy at WH Smith. The travel division now accounts for two-thirds of WH Smith, with more than 643 units, including sites in Australia, Scandinavia, Malaysia, the Middle East, and now Chinese metro stations.
Slowly, WH Smith is establishing itself as one of the newsagents of choice for airport operators around the world, a status which provides significant potential for overseas expansion and offers guaranteed footfall from business commuters and holiday makers ready to spend.
For example, Swann has just agreed a deal to open seven stores in Qatar’s new airport, which is part of the investment in the area ahead of the football World Cup in 2022. Such deals show that Swann is not resting on her laurels, despite the fact she will leave the business on July 1.
The turnaround of WH Smith has been based on this attitude of never standing still. Behind the scenes, the company has been trying a wave of new initiatives in the last six months, including running a Marks & Spencer Simply Food franchise at a hospital in Salford, trialling Zoodle, a new concept store for children, at Manchester and Melbourne airports, and acquiring the Past Times brand to use within stores.





Just wait till SSPG say they are expanding into the Quatar, Dubai, etc

[rarther] 16/4/2015 10:08

£10 gives a £5bn cap. Optimistic brokers going around £100m profit in that time frame. They'd need 3-400m to justify a 5bn valuation. Not going to happen!

[tjbird] 15/4/2015 16:28

Follow Kate Swan to £10 on a two year basis imho

[dlku] 15/4/2015 09:04

Breakout close. When is next news?

[dlku] 10/4/2015 16:05

About to ping north

[dlku] 09/4/2015 09:23

imminent breakout johnv, with a 360p target

[johnv] 25/3/2015 12:42

Diku, care to elaborate a bit.

[dlku] 25/3/2015 12:23

we are approaching the runway houston, prepare for blast off

[proactivest] 18/2/2015 15:38

Video interview with SVM Asset Management's Colin McLean


Colin McLean, chief executive of SVM Asset Managment for 25 years, tells Proactiveinvestors about his investment strategy including why he won't invest in oil, gas and mining companies and why he favours SSP Group (LON:SSPG), DCC (LON:DCC), Micro Focus (LON:MCRO) and Hutchison China MediTech (LON:HCM).

[philanderer] 17/2/2015 23:45

That`s good news .

I use Nice airport Terminal 1 every couple of weeks and will definitely try the upcoming socca on offer at Chez Pipo :-)

[johnsoho] 17/2/2015 23:29

SSP wins Nice catering contract, partnering with Jamie Oliver.

[rarther] 23/1/2015 10:03

Market is showing a quarter of a billion pound transaction @ £2.62 followed by trading close to £2.80.

That trade is 18% of shares in issue. I can't find a list of major interests but EQT owns around 45% and recently became allowed to sell their stake. Correct me if I am wrong but I don't think anyone had anywhere near 18% in the floatation, so it looks like EQT who are selling up and the market is pushing it up with speculation on who the buyer is.

[rarther] 16/1/2015 13:20

And then it jumps 8% in a couple of days.... i'll get my coat.

[rarther] 13/1/2015 11:54

Since floating this has been an exciting roller-coaster ride, but having retreated back to this 250p sticky patch and with no results ahead I think this might just hang around this price for a good few months now. Holders dig in!

[housemartin2] 10/1/2015 13:09

At first sight, I though Q1 rather disappointing with poor LfL growth compared to PY 12m (I can't find a Q1 last year only an interim) However I was ignoring the overall revenue growth which is much better than PY 12m ( which was zero !)
Given the varying operating margins across geographies, it is difficult with the amount of info.given here to feel either happy or not.

[jeffcranbounre] 09/1/2015 19:19

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[philanderer] 09/1/2015 13:41

9th jan Numis add tp 300p
9th jan Shorecap buy -


reiterations