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Directors are buying more - maybe pocket change to them, but still encouraging.
Rossef2 what were you saying?
Ouch..!
I thought the same as did quite a few others I expect
better top up some more, hard to see this going up any time soon
Norges Bank, HSBC & BlackRoc all increasing their holdings in SSPG in the last week is an eye-catching move. I've topped up - get in now before its too late!! GLA
oxford vaccine news today
What a day. I can't wait to see the gains after the vaccines start to roll out. I imagine the sp will drop a bit in the meantime as a 50% rise just on news of a 90% effective vaccine seems excessive. Unless insiders had extra positive news today on sspg.
Still risky to buy atm, but its so tempting.
Their last placing brought in 11 million when sp was around three pounds. Considering their own estimated loss is 25 million per month from last trading statement, I'm not sure if another RIssue at present time would do much apart from anger the shareholders. Depending on how much capital reserves SSPG require, i would think that they have enough until middle of next year or longer at present cash burn.
placing not enough
SSP is fairly valued, says Jefferies (but note that the price target is 260p)
On-the-go food retailer SSP (SSP) is ahead of expectations on the number of outlets it has opened but Jefferies says the valuation ‘fairly reflects’ the ongoing lockdown uncertainty.
Analyst Becky Lane retained her ‘hold’ recommendation and target price of 260p on the shares, which rose 12.3% to 203p yesterday.
Second half sales are expected to be at the lower end of the range at around 86% of last year’s number, but a ‘stronger cost base action’ means that underlying earnings are expected to be ‘mid-range’.
Lane said the Upper Crust owner had reopened just over a third of units, which is ‘ahead of previous expectations’.
‘We think valuation fairly reflects ongoing uncertainty,’ she said.
like how sspg has moved ,will look in later now going back to watch covid test manufacturer share ncyt ,looking like moving up ,with news due there ,like the strength of sspg ,and how many buyers after a good rns
looking like a strong day after todays rns , good to see the buying volume
Thanks for this. Trading update also seems to validate liquidity position is okay. Trading well today
Peel Hunt looks through SSP’s woes
A second wave of coronavirus is stalling a European recovery but SSP (SSPG), on-the-go food group and owner of Upper Crust, is one of the better capitalised of its peers, says Peel Hunt.
Analyst Douglas Jack retained his ‘buy’ recommendation and target price of 325p on the
Shares, which fell 7.4% to 181.6p yesterday.
‘Covid-19’s second wave in Europe has stalled the recovery, but we believe SSP, as one of the better capitalised operators, should survive and emerge strongly when a successful vaccine becomes available,’ said Jack.
I'm gona buy hope for good day tomorrow.
Nice to see a steady rise of 13% over the last week, may actually get back into the black on this one soon :)
HSBC are slowing buying all the shares :)
Although why are we not seeing larger increase in the daily gains? I'm still well down on this and would love to see this start to gain in big chunks. I don't think we'll see it happen for a while until transport is more widely used.
Another large purchase today!
725,060 shares at £2,000,000+
02-Jul-20 16:35:10 251.80 725,060 Buy* 2m UT
Sale of 442,505 shares for £1,000,000
Today - 16:35:01 251.40 442,505 Buy* 1m UT
Today: Sold Value - £684.57k
Today: Purchased Value - £4,000,000 +
I've topped up! Them numbers in itself look super positive! :)
For the third time in 7 days HSBC increase stake with a side order of fries to over 8%. They've got a real taste for this now. Last placing was £3.15? Social distancing down to 1 metre
The holiday season is a coming .14 day quarantine is not going to work and july will be the return of proper travel . covid-19 is ffaaddiinng away
…..says overweight and targets £4 (down from £6.7) . the thing is Covid-19 is fading and weakening fast .less than 1 in 1000 have it now .70% of those infected have no symptoms .flying and rail travel is going to be resumed quicker than we thought . Michael O'Leary said this approach (air travel) taken by Boris was stupid and he is probably right .
7% up and me bit of divi in't bank