Ssp Share Discussion Threads

[philanderer] 28/9/2018 09:47

Looks promising.

[philanderer] 28/9/2018 00:00

"SSP Group wins €136m F&B contract at Las Palmas de Gran Canaria"


SSP Group has won a €136m contract to operate 10 F&B outlets at Las Palmas de Gran Canaria Airport.

The eight-year contract, valued at €17m per year, will include a mix of local and international brands as Starbucks and Burger King line up alongside Spanish charcuterie Enrique Tomás.

SSP Spain Director General Blanca Ripoll enthused: “This new contract win reaffirms SSP’s position as a leading restaurant operator in the travel market in the Canary Islands with a presence in Tenerife, Lanzarote and Las Palmas.

“The hospitality industry is currently very buoyant in Spain. Branded restaurant chains are, in particular, strong generators of wealth and employment in the country.”

SSP Group will take over the existing units at the airport, as well as opening new ones.

[philanderer] 27/9/2018 09:42

Shore Capital: special divi potential at SSP


There are structural growth opportunities at SSP (SSPG), owner of Upper Crust, and the chance for a special dividend, says Shore Capital.

Analyst Greg Johnson retained his ‘buy’ recommendation on the stock after increasing his full-year revenue and profit expectations. The shares were flat at 715.3p yesterday.

‘We have a “buy” stance on SSP, highlighting the structural growth opportunities, continued robust momentum and scope for further returns to the shareholders,’ he said.

‘We believe that there is scope for a further £100 million-plus special dividend, which combined with the ordinary dividend of c.£40 million, could equate to a near-5% yield. Such returns appear sustainable for the foreseeable future.’

[philanderer] 27/9/2018 09:27

27th sept Barclays overweight tp 730p

[philanderer] 27/9/2018 00:28

Liberum also retaining 'buy' on wednesday

[sogoesit] 26/9/2018 14:28

Yep, its liable to downside hits quite frequently.
Think folks get scared when they see the like-for-like revenue growth guidance and bears sell-down to scare folks away.
They probably miss the deal/acquisition growth strategy and can therefore easily undervalue the stock.
Also, I think Swann is probably a person who under promises and over delivers. Let's hope so.
AIMV

[philanderer] 26/9/2018 12:24

That 700p is difficult to break and hold ;-)


Numis retains 'add'

[soundbuy] 26/9/2018 08:55

Taken money off the table here now - will revisit at some stage I'm sure..........GLA

[philanderer] 26/9/2018 08:46

Well that trading update hasn't gone down well.

Shore Cap reiterates 'buy'

[philanderer] 24/9/2018 16:04

Jefferies initiates coverage with HOLD and 715p target

[philanderer] 21/9/2018 17:34

Good week. 😀👍🏼

[sogoesit] 19/9/2018 16:50

Like UBS I'm feeling in a highly decisive quandary!!

[philanderer] 19/9/2018 14:04

SSP, which operates food and retail concessions in airports and motorway service stations, rose 3.4% as UBS raised the group to Neutral from Sell.

[johnsoho] 19/9/2018 13:53

With a bit of luck we’re now through the £7.00 barrier !!!

[philanderer] 12/9/2018 17:29

😊👍

[sogoesit] 31/8/2018 13:33

The elusive 700+ eludes us again!

[philanderer] 18/8/2018 00:33

Union Serve Notice on SSP America

Workers at company that serves airport demand a union, give company till Monday to officially respond.

[philanderer] 14/8/2018 09:15

No big bounce today by the look of it.

updated:

13th aug Credit Suisse underperform tp 600p
27th july Numis add tp 760p
19th july Goldmans sell tp 615p
18th july Barclays overweight tp 730p
18th july Deutsche hold
17th july ShoreCap buy -
17th july Liberum buy tp 720p


17th july ++++ Q3 trading update ++++

[ihatemms] 14/8/2018 07:39

There's plenty of brokers with 'buy' targets between £7.20 - £7.60.

[johnsoho] 13/8/2018 23:15

Hopefully the share price will recover tomorrow.

[philanderer] 13/8/2018 21:08

Ah , here we go , the reason for today's fall..


Credit Suisse started coverage of SSP, the travel café operator, with an “underperform” rating and 600p target price.

[philanderer] 13/8/2018 13:43

London midday: Travel stocks slump amid Turkey woes; Esure rockets on offer

[philanderer] 13/8/2018 13:39

Firms face Brexit skills shortage, forcing up wages in some sectors

[philanderer] 11/8/2018 00:56

London Luton Airport welcomes 1.6m passengers in busy start to the summer

[sogoesit] 10/8/2018 11:24

Average cost of debt last year (30/09/2017) was about 1.6% (All Sterling) excluding the Revolving Loan which was undrawn.
Interest cover stood at 12x.

So its not the long term debt they'll be repaying its more likely that they are raising debt to payout Trade and other payables which stood at £428m at the last half-year.

Since interest rates are rising better get in there I guess before they go further and get the current liabilities sorted out!