London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
On Thursday, UBS downgraded shares of SSP Group Plc (SSPG:LN) (OTC: SSPPF), a company operating food and beverage outlets in travel locations, from 'Buy' to 'Neutral'. The firm also revised the price target for the stock to £2.25 from the previous target of £3.20.
The decision comes as SSP Group is poised to benefit from the ongoing recovery in European aviation traffic and the rapidly growing Asian market. However, UBS pointed out that the company faces significant near-term cash flow constraints due to Covid-related catch-up capital expenditures (capex) and growth capex necessary for its expansion plans. This financial pressure is expected to delay and dilute the investment case for SSP Group.
According to UBS, while SSP Group's shares are trading broadly in line with other contract caterers when adjusted for different earnings growth rates, the firm's weaker cash flow situation makes other opportunities within the wider Leisure sector more attractive in the near term.
SSP Group Plc operates a variety of brands in airports, railway stations, and motorway service areas, offering food and drink to travelers. The company has been recovering from the impacts of the COVID-19 pandemic, which significantly disrupted the travel industry and, consequently, SSP's operations. The downgrade reflects a cautious stance on the company's short-term financial outlook despite the broader recovery in its market.
Has 180p written all over it now
Stifel upgraded them earlier this week and it didn't move the price. Market and travel sector has recovered a little in the last few days but SSPG has continued to fall.
I imagine today's rapid fall is due to the UBS down rating?... SSPG has expanded significantly (not without risk). Here I see the elevated inflation supporting ongoing significant revenue generation but what this will mean longer term is a little less clear.
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