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I blame investors smoking too much weed during the pandemic.
"Look to the skies, if you see pies then GRG you must buy...."
It's now 40% higher than the pre pandemic ATH of 2400 in 2019. Now priced at an all time high, based on current valuations if 2021 eps is 113 as estimated that is a profit yield of 3.3% with a dividend yield of 1.6%.Greggs would need to double profit from 2019s 86 eps to 172 and the current valuation to stay the same for the profit yield to be 5% and the dividend yield to be 2.5%.Other companies with higher yields than that unlikely scenario are priced at 52 week lows. Any explanations to this valuation?
SP is building up to a great trading update, feels like a volcano about to blow its top?
Now there's a headline in the Telegraph
Aldi buying M&S? Greggs and Wetherspoons joining forces? Five deals that would light up 2022
Rather than speculating about the deals that could happen this year, here are some potential combinations that make a great deal of sense.
Maybe the reason for the S.P going into overdrive last week?
"The share pie doth rise on the back of mince pies."
"Make the rise not too quick lest the drop make you sick."
"A bun if you quoff it, you'll soon be in profit."
"But if rise it is hasty you'll curse the puff pastry"
It's testament to the whole Greggs team, top to bottom, that we find ourselves over the £34 pound mark.
I can hardly hide my excitement right now but still kicking myself for not taking full advantage when the stores were forcibly closed in lockdown.
Anyone who did, I tip my hat to you.
Well that's 3400 gone today....
re. TT..... I am happy to sit back and let this one run, I could have jumped off several times but haven't so far, I'm quite happy to wait for 4000+ and then slowly unwind things over time. GLA ADYOR.
Fantastic moniman! Great profit there. I also belive that this could get to 4000+ in 2022 especially given their intent to expand into international offerings. There are also reasons why GRG might be attractive addition to other listings in an acquisition. However, the risk/reward might mean I jump before then, but at the moment happy to let the line run on this as I am already nicely in profit but not to the same extent as you. I wish you and Halma success in your investments in 2022. Always do your research and Good Luck All.
Keep up the good work TheThinker,
We all need some light hearted enjoyment amongst the exciting debate.
You called it right moniman,
Glad I held out and didn't give in to the temptation of selling half my holding at what i thought was an incredibly toppy S.P
With today's rise here and Halma, I might just break open a good bottle.
Been here since 1000p but I won’t be selling until there’s at least a 4 in front of the SP. GLA
Yes Halma1983. Glad you can join in the rhyming fun. Nice little rise today. Nicely in profit already but happy to let this one run for a while. Like you I am looking forward to the next RNS.
Very much looking forward to the next round of news and the obvious direction we're heading with an ever expanding offer to future customers,
Onwards you go!
Make no mistake, there's nowt like a Greggs festive bake
'Leave other in your wake with a hot festive bake.'
Their website says 6 January 2022.
What a day for all of us and although tempted to half my 4000 holding at this price, I have plenty of time to wait for the S.P to hit further highs.
Brilliant, just Brilliant!
maybe we won’t have to wait until year end for£40 at this rate…..:-))
Merry Christmas to all investors. SP reaches a New all time high today as expected, I don’t see any reason why this won’t reach £40 by the end of 2022 as expansion continues on multiple fronts? Aimho Adyor!
Just queued 10 minutes to get into my local Greggs. Very busy all the time I was in there. Staff always very helpful, cheerful despite being affected by covid shortages.
One of my best long term investments, hang in there.
Merry Xmas to everyone, stay safe
Oh yes it is ! Driven by fundamentals. The management is agile and will react to conditions IF needed. EVERY shop I pass is constantly busy.
Given that GRG gave a trading announcement on 6 Jan 2021 I could anticipate similar announcement first week of 2022. 2020 was far worse than 2021 so expect any such announcement to indicate a much healthier position. On this basis I now hold my existing stock and wait, topping up on any dips. GRG is prime example of 'you get what you see' and many a fortune has been made on pies and pasties. I would like to thank all GRG staff for their fortitude during 2021 in the midst of COVID and wish them a safe, joyous and Merry Christmas and a Happy New Year.
The facts are there is no end in sight to government measures. The market bull run driven by QE is at an end as taper comes fast. Economic conditions are worsening like most global markets Greggs is at an ATH and this isn't driven by fundamentals.
I'd just like to wish all of you a very merry Xmas and a wonderful, prosperous 2022.
I think we've been truly blessed with our investing here at Greggs, progressive and a real gem of a company.
Here's to more and raise a glass to all those on the frontline who've made it possible!