Greggs Share Chat (GRG)

Good thing we have investors all around the country, have you some useful input.

If you wouldn't mind checking out another 249 Greggs this might approach a decent sample size.

Passed Greggs in Swanage high street recently at 07:50 queue out the door, next day 09:30 still a queue but a bit smaller.

This is my weather vane, " are they doing brisk trade at all hours", views from other investors from around the country appreciated.

Https://www.thegrocer.co.uk/high-street/how-greggs-could-eat-up-the-evening-meal-competition/694118.article

Now increased dividend a bit to investors.

For me I'm going to increase my stake, as I'm thinking the company already has achieved strong growth might be starting to return investment to shareholders.

Just the start of a continuing trend.

Https://amp.theguardian.com/business/article/2024/jul/30/greggs-cost-sausage-rolls-price-rises-meal-deals

Greggs have just put prices up (maybe anticipating raw material price rises, or responding to current prices)

Nice one Greggs! I bought 4k worth @29.79 (Jan 2022) because I was convinced that the share was undervalued (at that time). Then it went a bit downhill but I still had confidence so I bought another 4k @ 27.07 (Feb 2023). Even though the share price dropped further I was unwilling to risk any more so stuck at 8k. As of today I'm about 8% up and very happy with my ROI. Furthermore I think that GRG has set a good foundation for future growth. Only possible cloud I can see is the price of flour if Corn becomes expensive if crops fail (Ref what happened to Cocoa which has massively affected chocolate prices, note coffee is experiencing similar pressures). This will either mean prices in the outlets go up or GRG absorb the costs. So then either consumers will think that the offer is too expensive (Ref Starbucks or MacDs) or GRG will take a profit margin hit if they absorb the extra raw material cost. So I'm a watchful HOLD right now. Good Luck everyone. DYOR TT

Company still has plenty of runway to grow new stores and to grow into evening (not just breakfast).

Combined with continued capex into distribution centers..

the share price is very attractive

greggs is clearly taking share from McDonalds who for example have pushed pricing too aggresively

Very comfortable holding this long term, and reinvest dividends. Only thing is I would like to see a stock split soon, at least 5 but preferably 8 or 10 for 1 to encourage smaller investors, and to make dividend reinvestment more effective.

What a terrific company. Purveyors of fine lunches too. Not being sarcastic, I normally grab lunch at least once a week from there

Great results and sp should lift a few% today imv.

I applied this principle (ie seeing a queue, buying the stock) around 12 years ago. After ARM, the best stock decision I ever made. Just wished I'd bought few more.

R

Yes 2 Yr chart very promising, such a wonderful organisation, I was outside such a shop this week, opposite a mall in Norwich, and about 30% of people passing by went into Greggs, what a result, noted 2 Yr low at about 2700 so going to buy in again at 2750 or thereabouts, what an opportunity , pervious buy-in for me was 2200, absolute gold

Https://bakeryinfo.co.uk/manufacture/greggs-to-create-600-jobs-with-frozen-production-site-in-derby/692216.article

This isn't new, but gives great insight to fast growing demand for supply of Greggs products.

Store expansion still ongoing, and being backed by increases in supply chain capability. New production lines will also be available with new production premises building in spare capacity for expansion.

For serious investors like myself I feel that this is still at the accumulation stage, and will be for next 36 months.

If it wasnt expanding rapidly it could throw off a very large amount of cash to shareholders. This may well happen in about 4 years. Solid longer term hold for me.

Taylor Swift choosing to feed her team on Greggs after one of her gigs must surely lift sales amongst a certain demographic and that is the best thing she has done in 15 years!

If only all my calls were that good, I could change my name 😂

At a closing price of £29-40

You most certainly got your first post correct and there's no reason we can't get well into the £30's when you factor in the current expansion and people's love of the brand.

I hope you are correct but do wonder whether the increased activity is more related to auto reinvestment? Either way, this is a great company with so much growth potential. It's great to see this going in the right direction even when the market is on the slide.

Volume share transactions over the last couple of days are approaching 2m shares traded which is very unusual for Greggs so anticipate seeing an RNS shortly giving news on holdings of probably a single institution being made known to the market.

My assumption is that this is buying and follows the recent analyst presentation just after the AGM which I hope and believe will have been well received, as it set out the case for high capital expenditure on various projects that will set the Company up for major expansion.

If you've been thinking about buying into this one, now could be a good time. Tomorrow sees dividends paid. A lot of investors auto reinvest dividends. Given that the dividend payments are higher than normal due to the special dividend, those dividends being reinvested could lead to a significant rise in the share price (not to mention that this is a fantastic company with plenty of room for growth (especially in London)).

A bit of sell the news going on here this morning.

Seems a solid update to me. I take what's keeping the SP at this level is prob inflation jitters otherwise It'd be 3200+ by now

For me this is a 5 year hold, while Greggs continues to expand its number of profit generating shops, whilst controlling the whole production line.

Dividends are nice at 2%, however think investors must lookahead to when the shop targets are reached and more profit gets rewarded to its shareholders, either in divi or buyback form. The company is most certainly a cash generating machine with most of its cash being used for store expansions.

where they have expanded we see a regular and loyal queue of customers who now use Greggs on a daily basis, for work snacks and lunches rather than the older traditional home made sandwiches. many have commented that they see queues of hardworking council workers at 6am, getting food for the day which is brilliant for product sustainability as its becoming habit changing.