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Well looking back over the last 2 years the shares did well after results and it could be the same again this year, there is no reason to suggest they wont deliver strong results and this could be an Well looking back over the last 2 years the shares did well agree results and bit could be the same again this year, there is no reason to suggest they wint deliver strong results and this could be an excellent buying opportunity if that's the case. GLG still has a 1.2% short in place, that could be the reason for the weakness over the last few months. buying opportunity if that's the case. GLG still has a 1.2% short in place, that could be the reason for the weakness over the last few months.
Well looking back over the last 2 years the shares did well agree results and bit could be the same again this year, there is no reason to suggest they wint deliver strong results and this could be an excellent buying opportunity if that's the case. GLG still has a 1.2% short in place, that could be the reason for the weakness over the last few months.
This is in absolute freefall. I have not doubt the fundamentals of the business are strong and it will pay off long term, but picking the bottom is always hard. General market consensus is dragging it down, and buyers are sitting on the sideline watching for now. With that said, the 12-months returns from this point could be very large.
Well results due next month and they should be very good so you would think @ 200p ish pence this are a great buy medium term with growth and divis to come, down 10% off recent sp looks unjustified, great opportunity to buy or top up imo...gl those who believe...;-)
Top up.time again??
IMO this looks to me as though Glg are trying to take the sp down on the recent Macro news and scare some PI's into making some irrational sells...
GLG have increased their short on SSP to 1.2% again...??
Some large trades went through after the close, could be GLG closing their shorts imo...fingers crossed...several million shares....
My wife is currently invested in SSPG, she's considered buying more stock at these low prices... She pointed out SSPG has made very big purchases/spend/new debt on investing in rapid growth (during what we know is a period of raised rates and possibly soon falling inflation too). Whilst she's definitely not selling her current stake it's nonetheless a concern of hers and is perhaps holding her back from buying more SSPG shares... I guess I'm saying she's currently a little bit cautious on this stock and perhaps shorters are banking on others being so too?
Maybe that 20 million was partly GLG closing....keep an eye on their open shorts...this could really fly soon imo...
Volumes
Negligible volume today but 10m on the 4th shows the direction.
09 Apr 2024 216.60 220.20 212.00 212.60 212.60 199,092
08 Apr 2024 217.00 222.20 217.00 220.60 220.60 1,014,142
05 Apr 2024 222.00 222.00 216.20 218.00 218.00 2,058,261
04 Apr 2024 212.00 220.60 212.00 220.60 220.60 10,391,556
MM dropping to pick up stock losses and gathering stock. Always a bid target imho.
I added, low average LT hold, bid potential.
Bouncing back up presently, maybe GIG are reducing their short position before it's too late..??
Not sure why SSPG is so weak in the market at present, from what we know it's doing the best its done as a company since pre covid, buying opportunity??? It should be imo...
Back on the add spectrum atm
Great tip - still opportunity to add.
Share tip: Airport caterer SSP is set for take-off
The market has not been kind to the company behind Upper Crust and Millie’s. But more people are flying now and SSP’s shares will rise again
Shares in aviation companies have failed to recover in the four years since Covid upended their fortunes. Although figures from the International Air Transport Association (IATA) show that the number of passengers is close to hitting pre-pandemic levels, airline stocks are, in the main, still flying well below their earlier trajectory. Oil price volatility means that pattern is likely to continue.
But travel is on the up, as IATA’s figures show, and the FTSE 250-listed SSP, which runs thousands of restaurants and cafés in train stations and airports in 36 countries, looks set to capitalise. It has been a slower burner than anticipated; I first tipped the stock in June 2022, when only three quarters of SSP’s estate had reopened after the pandemic.
Tipped by Times, tipped by MBr, what more does anyone need to know.
Cash cow bid target.
Tipped in the Times
TUI shares currently re rating...expect the same with SSPG....;-)
Volume picked up after the close on Friday....let's see if we see a bounce in SP this week, with the travel season in full swing now the next update could be the catalyst for big SP move North...gl all
Also looking at the chart for SSPG it looks like it's been brought down to this level to test long term support going back a few years from 2020 ish. Maybe its filling in recent gaps when it's gone straight through this SP level both on the way up and down...just a thought...I'm no TA expert...
Possible weakness has been a low level of shorting by GLG partners, just over 1% currently and falling over the last month or 2. Will be under 1% soon. Lagging the market bounce but as this is in the FTSE250 (playing FTSE100 catchup) expect a correction to that soon...in the meantime pick up cheap shares...gl
Thanks Mary, happy to hold and add when funds allow but unsure why the SP has been weak, maybe an overhang being cleared?
Dave t h
At the levels, I add too, seems the polite thing to do. Surprised it has not broken out of its trading range and maybe my rose tinted spectacles need new lenses.
Seems capped at 240, but with the return of the dividend already - it will not be long until the Interims on 31st May. Cannot see it being anything other than strong. Half year ends on 31.03.24. Let's see how it tracks.
Consensus below
https://www.foodtravelexperts.com/investors/analyst-and-consensus-coverage/
FY 2023 v 2022 as Reported
Revenue £3,010m £2,185m 37.7% 37.9%
EBITDA2 £280m £142m 97.3% 103.5%
Operating profit £164m £30m 440.3% 495.2%
Operating profit margin 5.4% 1.4% +400bp +440bp
Earnings/(loss) per share 7.1p (4.5)p +11.6p
Dividend per share 2.5p - +2.5p
Free cash flow4 £(125)m £52m £(177)m
Net debt5 £(392)m £(297)m £(95)m
Statutory
Operating profit £167m £92m +82.3%
Profit before tax £88m £25m +249.6%
Earnings/(loss) per share 1.0p (1.3)p +2.3p
Net debt5 £(1,421)m
Analyst consensus estimates
FY24 FY25 FY26 Number of estimates 14 14 14
Group Revenue (£bn) Consensus 3.4 3.7 3.9 [ High 3.5 3.8 4.0 Low 3.4 3.6 3.8]
EBITDA (pre-IFRS 16)* (£m) Consensus 359 408 447 [ High 368 435 474 Low 345 391 430]
Underlying EPS (pre-IFRS 16) (p) Consensus 11.5 14.4 16.4 [ High 12.9 18.4 22.7 Low 10.7 13.0 14.7]