oldjoe1
07 Nov 2017
GREGGS new Autumn Range...... GRG Greggs carries its march upwards. Some new marketing and products aimed at the Autumn market this year . See last RNS.😃😎<b>New autumn range includes 'all day breakfast' wrap and Thai Chicken Soup</b>
oldjoe1
06 Nov 2017
GREGGS, CHART BREAKOUT........... GRG Greggs, (pasties) 6 month and 1 Year breakout. Trades on a forward P/E of 19 usually in the mid 20s.. Berenberg and Investech say BUY. 😎
ignateus ignoramus
13 Oct 2017
Re: Musings of the flaming ignorant We now have Canaccord Genuity joining [re-joining] the 'party'.They had been one of the 'cheerleaders' for Greggs some time ago but were probably put off by the Brexit vote.They have now swallowed their pride and admitted the error of their ways and increased thier target price for Greggs from 10 pounds sterling to 13 pounds sterling.I am not sure we have any detractors left among the broker/analyst community, with perhaps all of those offering price targets being clustered together between 13 and 13.50 pounds sterling.It is a weak buy in the short term but still a strong buy in the long term.
ignateus ignoramus
05 Oct 2017
Musings of the flaming ignorant The trading update of Tuesday was almost universally well received. Total sales and LFL sales increases were very good.Greggs now have a franchise element of 15 per cent in mind.We have three analysts giving a price target for Greggs of 13.50 pounds sterling, UBS, Investec and Berenberg.Investec are on record as 'expecting double digit total sharholder returns [TSR] to be sustained'.Greggs are quietly instigating price increases while sensibly stating that these are being made through 'gritted teeth' as it is not in their nature to do so.Greggs share price does not touch 13 pounds sterling very often but it did today.The shares undoubtedly have a good dollop of MOMENTUM behind them.My weak buy is for the short term, but as ever if you are in this share for the long term it is still a strong buy.
II Editor
03 Oct 2017
NEW ARTICLE: These two sector leaders have serious momentum "With plenty of stocks currently trading at all-time or multi-year highs, investors are right to be sceptical about valuations in some sectors. But any pull back from lofty levels can present buying opportunities, and that's clearly what's ..."[link]
petethenovice
03 Aug 2017
Re: Drive Thrus no longer an April Fools ide... Gregg's Always busy in motorway service in good locations for quick coffee tea etc. I would think some Costa,s are seeing lower sales.
ignateus ignoramus
02 Aug 2017
Drive Thrus no longer an April Fools idea Greggs have apparently been encouraged by the popularity of the first Drive Thru in Irlam, Manchester. It looks likely that we will see further trial locations opened in this format fairly soon.The roll out of the central forecasting and replenishment system has been sucessfully completed ahead of plan, and has been the 'most significant process change ever embarked upon' by the Company. The biggest impacts are likely to come in increased product availability in stores and reduced wastage.The interim dividend is to be increased by 10 per cent. The dividends are now largely formulaic as the interim is one third of the previous year's total and the final is based on two times cover.The long run rate of like for like sales increases appears to be largely settled in the 3 to 4 per cent range on a year to year basis over a number of years.The strong buy is for the long term as ev
ignateus ignoramus
26 Jul 2017
Return to 'Super Stock' status on Stockopedia On checking the Stockopedia website today I noticed that Greggs is now classified as a 'Super Stock' have most recently been classified as 'Neutral'.This as far as I can recollect may be the first time it has been in this Super Stock classification [the 'best' classification ] since around the end of 2014, when you might remember that the Greggs share price subsequently doubled in very short order.I think this bodes well for the share price and believe that things might well start to happen for the share price in a positive fashion as early as next month following the trading update and Interim Earnings release due this coming Tuesday 1 August.The strong buy is for the long term as always.
ignateus ignoramus
24 Jul 2017
Adjusted EBIT and Stores rising nicely Adjusted Earnings before Interest and Tax [EBIT] were running at around 40-50 million pounds sterling between 2007 and 2013.Since 2013 they have 'taken flight' and have risen sharply to reach 80 million in 2016 with this rise set to continue well into the future.This is, and will contiue to be, achieved by the addition of approximately 100 new outlets per year with a figure of 2,500 units now being openly discussed by management, giving a seven year expansion target from the 1,800 units at present.The current very high levels of investment in the business will allow it to expand it's digital presence so that 'click and collect' will become available alongside plans for mobile ordering and the ability to customise orders. This is a genuinely innovative business which is determined to be right up with events.The strong buy is for the long term as ever.
ignateus ignoramus
23 Jun 2017
Innovation as standard Greggs continues to innovate through it's on-going five year programme for change in all areas of the business. The summer menu is full of new ideas and there is a first 'drive thru' in Manchester [ acouple of years ago I posted a message on April Fools Day that this had happened but now it is no joke].The performance in the early part of this year has been better than the market expected, and as we approach the mid point of the year the market will begin to turn it's attention to 2018 when earnings per share are predicted to increase dramatically compared to what was previuosly 'pencilled in' for 2017.While admitting that a special dividend must now be a non-starter for 2017 I still hold to my belief that a special dividend in 2018 is a better than 50 per cent bet, with the cash availability being at least in part dependent on the sale of the former bakery site at Twickenham for housing, which again I have to admit cannot be taken for granted that it will occur in 2018. The strong buy is for the long term as ever.
ignateus ignoramus
23 May 2017
£2 Meal Deal maintained for the 8th year £2 Meal Deal maintained for the 8th year.The strong buy is for the long term as alway
ignateus ignoramus
18 May 2017
Encouraging Trading Update The trading update this morning was very much in line with my expectations, and keeps the Company on course with it's plans. The AGM tomorrow should be a relatively happy affair.Essentially franchised units now make up 10 per cent of the total, while sales for the year to date are ahead of consensus estimates. Northern Ireland and the West Country specifically mentioned as targets for new units.The strong buy is for the long term as ever.
ignateus ignoramus
12 May 2017
Returns from 27 years of ownership Well actually I have owned Greggs shares for more than 30 years but the information I am sharing relates to a holding period of 27 years from September 1988 to September 2015. The information and calculations are not my own.Sales Compound annual growth rate of 9.57 per cent over 27 yearsEarnings Compound annual growth rate of 10.42 per cent over 27 yearsDividends Compound annual growth rate of 15.46 per cent over 27 yearsSince you ask your purchase in 1988 of 1,000 pounds sterling worth of Greggs shares in 1988 would be worth nearly 26,000 pounds sterling today.Again since you ask in the single year of 2015 you would have received in dividend income more than your original investment.And again since you ask you would have received in total more than 6,000 pounds sterling in dividends over the 27 years.Now that is some Company - and I am sure that shareholders will be pleasantly surprised by the content of the trading update due at 7 am on Thursday 18 May.The strong buy is for the long term , and you can see that I really mean that, as ever.
EssentialInvestor
25 Apr 2017
The FD sell from early March Is that not worthy of a mention, or is your radar only attuned to certain events ?.
ignateus ignoramus
27 Mar 2017
Directors vote of faith The executive Directors have just acquired over 15,000 shares between three of them.That is a vote of faith in my book with the chief executive purchasing more than 10,000 shares personally.Like the Directors of the Company I have great faith in Greggs. My faith is at least in part due to my belief that Greggswill be the provider of further future Special Dividends, and just maybe that may also be the case for the Directors, who have better knowledge of this situation/likelihood than I do for obvious reasons.The strong buy is for the long term as ev
