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Not yet, but I'll report back in due course. Shops all busy.
Those sausage rolls are definitely naughty, but I love em!
Yea it's terrible but I love their steak bakes
Suptuous and sinful sausage rolls. I shall never forget that image.
Sad, but true. That's why most companie that manufacture "sin" products, e.g. alcohol, tobacco and junk food, do so well and their products are msass-market staples. Definitely not good re. Potential health outcomes. I know it's not fashionable to quote from, but the Bible does warn that the wages of sin is death.
Invest in a share which is a contributor to the UK's lazy and unhealthy eating habits resulting in further costs for the NHS.
"When was the last time you saw a Greggs without a queue?". This was my entire investment case when I first bought in here as a novice investor at just over 500p. The only other share I've made good money on was ARM, which I bought in the early 2000s because these mobile phone things looked they were popular. Can't honestly say this approach is foolproof but it seems a decent strategy.
Same here some of my other holdings are doing buybacks and I don't see much improvement. I am reinvesting dividends for a long term outcome.
Think I'll have a steak bake.
A long term hold this one, adding on dips. Especially happy with the board opting for a special dividend over buybacks. Quite a few of my other holdings with strong cash positions are buying back their shares, and to be honest, whilst I understand the concept, I’m not certain shareholders realise the true benefits. Might get myself a sausage roll for lunch to celebrate.
Agreed Skint. I buy with my eyes where I can. Never seen a quiet Greggs and it seems they managed to raise their prices nicely at the same time as growing market share. What’s not to like? Let’s see what the day brings.
Looks like a really strong update to me, but who knows what the market was already expecting.
Has GRG become “so good” that an RNS with such great numbers and a special divi of 40p - isn’t commented upon?
A great update RNS today (IMHO)
I have a decent GRG holding built up in recent years. In the new ISA year i intend to load up again
Don’t really see any downside with GRG - it is very well managed, growing, profitable, pays staff a bonus, pays special dividends, (not share buy backs) and opening new sales channels like evening, delivery, drive through and retail partners.
A key metric for me (even though i live in Sunny Glasgow) is “London potential”
Pret a Manger has 275 shops in London.
Greggs has only 40 - but expanding in key high footfall locations. And that is “high footfall” in 2024 - not busy locations pre covid. They are cherry picking and able to get great spots in London and throughout the UK.
When was the last time you saw a Greggs without a queue?
Skint
Well , hopefully not
And then buy
Yes it should be closer to £35. However, it’s the typical market reaction with selling pre news these days. Results should out perform guidance, but what will the market reaction be on the 6th March. I will be buying up on any weakness
Sell on update, look at the charts
Why the heck is drifting back down? This thing should be easily >3000
Looks like the sell off pre news
Anybody in the NE tried the new chicken burgers or wraps as they are only available in/around Newcastle at present?
Institutions controlling the share price direction
Recent history has shown a big sell off after the release of excellent news, but I’m holding to sell half for a reasonable profit at £35 and the remainder when Greggs reaches £40. Im always the optimist.
Not long to go to the trading update, i would expect a progressive divdend and out performance of their targets. Cash build will improve for 2024 with the investment in new shops and more out of shop deliveries, Inflationary pressure should also ease which should improve the EBIT.
Will this be a sell on news, or will it surprise to the upside?
Should have tried this
https://www.thesun.co.uk/fabulous/25850468/greggs-bake-tray-valentines-day-uber-eats/
No wonder this company is going from strength to strength with management like this!
I tried their limited edition cinnamon and cream topped white coffees today. Pure bliss on a cold wet day. I smiled and thought about the £35 SP, which isn't far away.
Me too.
Maverick thinks THEY want the price low to buy in , I wish THEY would want to price to get to £35 !