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Blackrock have added to their short position? Didnt they read the RNS yesterday
It looks like we dropped at the resistance level looking at the charts. It doesn't convince me, we're still in the hands of day traders IMO but what di I know :-(
Blackrock added to the short on 8th January...obviously not good to buy just yet.
Anyone chewing the fat here and thinking about investing should get stuck in. 8% rise today is pretty what for an important trading period. Very well run and rolling in cash. The top (hot) dog of the food sector
Yes, I topped up yesterday. about time I got one right. GLTA . time for a sausage roll lol
HJG White - great analysis - fully agree.
Greggs reported double-digit sales growth in 2023, with total sales rising 20% to GBP1.81 billion from GBP1.51 billion.
Go on Greggs
Go fly and ride high
At long last 💙
Trading update look very good, expect fireworks!
I see the trading update is 10th Jan. I just topped up - bit of risk considering what usually happens on these days, but SP already down 5% this year. GLTA
My DD on Greggs, double by 2026: https://www.youtube.com/watch?v=FBC34eg0184&t=1s
Here's why you need to watch Greggs stock:
1. Greggs has gone from 1700 stores to 2400 in the last 10 years. A 40% increase.
2. They have gone from earning 22k per store to 66k per store. A 300% increase in OPERATING income.
3. They have 0 debt. ZERO. They grow with cash only because they make too much.
This happened thanks to a shift in their strategy from being a bakery first and foremost, to food on the go. This happened 10 years ago.Greggs, despite being fast food on the high street, have more in common with $KO (Coca-Cola) than $MCD. Everything is made in enormous warehouses and then shipped to their 2400 stores.
This is a growth stock to its core.
I estimate doubling in value at 2026 based on 3 things:
1. Store growth 4% annually (median is 5%).
2. Store earnings growth at 6% annually (median is 12%).
3. PE to remain at 20.
If the price drops I will move from 2-3% to 3-5% equity. PE of 10 in 2026 right now will mean would mean just a 15% rise.
I'm willing to take that risk for 2 reasons.
1. My projections dicount growth by well over 50%.
2. The lack of competition for price / quality / convinience.
My DD on Greggs, double by 2026: https://www.youtube.com/watch?v=FBC34eg0184&t=1s
Here's why you need to watch Greggs stock:
1. Greggs has gone from 1700 stores to 2400 in the last 10 years. A 40% increase.
2. They have gone from earning 22k per store to 66k per store. A 300% increase in OPERATING income.
3. They have 0 debt. ZERO. They grow with cash only because they make too much.
This happened thanks to a shift in their strategy from being a bakery first and foremost, to food on the go. This happened 10 years ago.Greggs, despite being fast food on the high street, have more in common with $KO (Coca-Cola) than $MCD. Everything is made in enormous warehouses and then shipped to their 2400 stores.
This is a growth stock to its core.
I estimate doubling in value at 2026 based on 3 things:
1. Store growth 4% annually (median is 5%).
2. Store earnings growth at 6% annually (median is 12%).
3. PE to remain at 20.
If the price drops I will move from 2-3% to 3-5% equity. PE of 10 in 2026 right now will mean would mean just a 15% rise.
I'm willing to take that risk for 2 reasons.
1. My projections dicount growth by well over 50%.
2. The lack of competition for price / quality / convinience.
I made my own DD on greggs, check it out here: https://www.youtube.com/watch?v=FBC34eg0184&t=1s
Every fart in the market push these shares down ffs
It will be interesting to see if the next upbeat trading update results in the usual fall in share price as it has the last two or three.
I can only think institutional investors will accept only exceptionally high updates and future forecasts, for price to rise significantly .I’m still expecting / hoping for £30 in the not too distant future and up even higher, if some sort of compromise in the bread basket Ukraine area is achieved. ( although there currently doesn’t look like any sign of it )
The current “ beast from the east 2” weather doesn’t seem have greatly reduced the foot fall and queues in the north of England from what I have seen. Hopefully the timing, when families are in towns and cities Christmas shopping, will help mitigate any reduction in trade. We just need stability in Ukraine area now.
I never understood the movement of this share, the company seems Teflon-solid but seems very sensitive to geopolitical events or US market sentiment, often nothing to do with Greggs core business
It's on a (sausage) roll.
This is looking an attractive entry point to me. Is the recent fall solely down to the full year guidance (excluding outside forces) ?
I think lots of people might be selling shares to pay bills because of the high inflation and mortgage payments
JDW - same as Greggs - No logic in it. best sell before a trading update , but that would probably back-fire lol
Slightly off subject, but same encouraging results, same share price reaction from JDW. I dread these result publishing days.
Today's looking far better and hopefully more of the same tomorrow
Wish I'd of got in at that
Tempted in at 2304.