Ssp Share Discussion Threads

[philanderer] 21/11/2018 14:54

Jeez these are going right down the plughole .. 4 million traded , top FTSE250 faller by a mile.

[philanderer] 21/11/2018 14:01

Upper Crust boss Kate Swann glides out with M&S café plan

[philanderer] 21/11/2018 12:35

More comment here...


Morgan Stanley 'underweight'

[philanderer] 21/11/2018 12:26

Plenty of broker analysis detail here....

Citi 'buy'
Goldmans 'sell'
ShoreCap 'buy'

[philanderer] 21/11/2018 09:06

Alliance News..

SSP Group recorded strong revenue and profit growth for its recently ended financial year, proposing a special dividend, as it said Chief Executive Kate Swann has decided to step down at the end of May.

Swann will be succeeded by Simon Smith, currently chief executive officer for UK & Ireland, who will take up the role on June 1.

SSP's revenue for the year to September 30 grew 7.8% to GBP2.56 billion, with like-for-like sales up 2.8%, driven by airplane passengers and "retailing initiatives". Pretax profit shot up 26% to GBP182.9 million from GBP144.8 million.

The food and drinks concessions firm proposed a final dividend of 5.4p per share, bringing its full-year dividend to 10.2p, up 26% on last year. In addition, SSP plans a special dividend worth GBP150 million, "underpinning confidence in the business".

[soundbuy] 21/11/2018 09:02

No longer holding but a tad puzzling...........

[ihatemms] 21/11/2018 09:02

Do we have a price target?

[philanderer] 21/11/2018 09:00

Shore Cap reiterating 'buy'

[sogoesit] 21/11/2018 08:51

Or discounting/not liking the cash distributions?
The £150m is equivalent to about 37p plus the 5p or so dividend so adding that back in gives a (relatively) unchanged share price
(My experience is that investors do discount cash-out ahead of its actual payments).
Anyway, who knows!

[tsmith2] 21/11/2018 08:51

Look at valuation too high

[ihatemms] 21/11/2018 08:50

Kate's hanging around for 6 months so the departure was amicable. Results themselves were excellent.

[sogoesit] 21/11/2018 08:20

Market probably not taking Kate Swann’s departure in 2019 that well.

[sogoesit] 20/11/2018 13:39

COMPASS share price on the up:

[philanderer] 19/11/2018 18:19

Yes, roll on wednesday ... hopefully ;-)

[sogoesit] 14/11/2018 08:16

Must be anticipation of results driving the price right now.
I added some at 695 yesterday.

[philanderer] 13/11/2018 10:09

13th nov HSBC hold tp 690p up from 610p

[sogoesit] 09/11/2018 05:51

Preliminary Results in 12 days time - 21 November.

[philanderer] 16/10/2018 23:43

SSP opens premium coffee outlet Bazzar Caffè at Düsseldorf Airport

[philanderer] 12/10/2018 09:48

SSP’s Bottega Prosecco Bar at Birmingham wins Airport Bar of the Year Award

[philanderer] 11/10/2018 09:54

Read across from SMWH travel business numbers.

[philanderer] 11/10/2018 09:54

Read across from SMWH travel business numbers.

[philanderer] 09/10/2018 20:37

SSP to open 12 food and beverage units at Brussels South Charleroi Airport

9-Oct-2018 | SSP News Release

SSP Group PLC, a leading operator of food and beverage outlets in travel locations worldwide, has secured a contract with Brussels South Charleroi Airport (BSCA) to open 12 units.

Offering travellers a carefully crafted mix of internationally renowned brands as well as cutting-edge local and bespoke concepts created specially for the airport, SSP’s new units will be located landside and airside, where a third floor designed to accommodate food and beverage facilities will be developed.

Starbucks will be the first unit to open, and it will welcome its first customers from December. This will be followed by the opening of a Burger King, Panos and Camden Food. All 12 units are scheduled to be trading by August 2019.

Gérard d’Onofrio, managing director of SSP France and Benelux said; “We’re very proud to be announcing this great range of new bars and restaurants which has been developed in close partnership with the team at Brussels-Charleroi Airport.”

Jean-Jacques Cloquet, chief executive officer of Brussels South Charleroi Airport, said; “We’re delighted to welcome SSP as a new partner of the airport. Our innovative new concepts mean we’ll be able to ensure great quality service, and that there will be something of appeal for all our passengers.”