The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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.
Have bought in today, hope my timing is good, GL if your a holder...
Eventually this will come good or be a bid target.
The impact of a 10% directors rise is insignificant as compared to an increase in the plebs rate.
Could the plebs run a business successfully? Thought not.
THe pay limitations are their own limitations.
So the Bank of England head tells the plebs not to ask for a pay increase whilst these greedy directors across the footsie and beyond put thier snouts in the trough. Well stuff them and Boris.
All Covid tests for travel will disappear, Grant Shapps has suggested, as holiday firms saw a surge in bookings.
The Transport Secretary indicated that the final lateral flow swabs that fully jabbed holidaymakers still have to take on arrival in the UK will be axed, to allow test-free travel.
Sources suggested it would happen within “a reasonable time frame” as ministers sought to revive the travel industry after two years of on-off restrictions.
His pledge came as travel companies reported increases of between 40 and 200 per cent in website visits or bookings, after the Government’s decision to ditch PCR and pre-departure tests for fully-jabbed travellers.
Pre-departure tests are axed from 4am on Friday, while PCR day two tests and the associated self-isolation will disappear from Sunday under the changes announced on Wednesday.
Mr Shapps said the tests, introduced to combat the spread of the omicron variant, had “outlived their usefulness” as the Government eased restrictions to allow people to live with the virus.
“I could see a world in which you didn’t need to do testing at all. I can’t guarantee it will be the same the other way around because that depends on what other countries around the world decide to put in place,” he said.
“I do imagine that we will, for the foreseeable future, be living in a world where vaccination status is something that countries are looking for. Certainly when I speak to a lot of my opposite numbers around the world, that’s what they ask about.”
He stressed that the unvaccinated still faced pre-departure tests, 10-day quarantine and PCR swabs on days two and eight.
Ministers are also considering adding the third booster jabs to the definition of fully vaccinated, which would leave those who spurned them facing the reintroduction of tests.
Surge in bookings
EasyJet reported that it had seen a boost of almost 200 per cent in UK bookings following the Government’s lifting of restrictions. It said more easyJet flights were on sale from London Gatwick than ever before, with 1.1 million seats recently added.
British Airways said searches for holidays were up by nearly 40 per cent on the week before, with New York, Dubai and Barbados the most popular destinations. Virgin Atlantic reported a 150 per cent rise week on week, with Orlando, New York and Barbados topping the list.
Jet2holidays has also confirmed bookings have increased by 150 per cent day-on-day.
“We have seen an immediate and dramatic spike in bookings, with volumes since the Government announcement heading towards pre-pandemic levels,” said Steve Heapy, chief executive.
Both Travelbag and Travel Republic have also reported spikes in bookings, especially for popular winter sun destinations such as Dubai and the Maldives.
Skiers are seizing the opportunity to book a last-minute trip too. Ski instructor marketplace, Maison Sport, has reported a 100 per cent increase in bookings overnight, all bolstered by fresh
Covid is soon to be normalised imo.
With the travel sector now starting to recover, the Group expects to ... utilise its significant financial capacity to drive further business growth and to capitalise on the recovery in the travel sector.
That sounds pretty confident.
All I was looking for and more at thus stage. Will buy on any weakness. GLA.
Slim,
Of course, til the dividends flow or a bid comes along.
Trade the breaks too. Add 240 reduce 320 currently for me.
Mary you still holding this one?
Fortunate you, enjoy your time there.
Yes, think it's got a long way to go ... up.
This share often gets overlooked. I am expecting 350 by Thanksgiving.
I am off to the Hamptons :)
up about 20p since 14:00.
This is most likely to recover lost ground quickly if the reopening holds and gathers pace.
Not a recommendation, but surely the green light buyers are waiting for?
DYOR
The haven that is airports is right nad ripe for rip off prices.
Surrounded by others screaming kids, baggage overcharges, long queues and waits. I would pay any price for 60 minutes sanctuary. That is priceless.
We have an Artisan coffee shop who charges £11 for a sachet of Columbian coffee, £25 for a trio of 3 one cup sachets and yet people will pay.
The issue for SSPG is the sirport reopening but it is gaining momentum and people have money in their pockets (well the travellers presumably.
This share will rocket at some point once more certainly returns, have no doubt about that, even if it is from a lower base.
I am adding and will continue to do so near £2.
One of the biggest problems with SSP is that they really don't seem to be living in a real world.
James Martin's Kitchen at Manchester Piccadilly charges £4.29 for a vegan sausage roll!
There's a Greggs just outside the station where it is £1. Ok, not fully comparable but the JMK sausage roll is not worth over four times of the Greggs!
I could give other examples. Someone said that these are low margin products. I don't think so. Margins are sky high but if people are not actually prepared to pay the prices it doesn't matter, they are still struggling.
I hate to imagine the waste SSP generates.
I have quite a few shares and I'm not prepared to sell at the current value. However, I think that the management needs to take a good look at the products and the prices they are charging. I don't think that their products are bad. They are just so much over-priced that people go elsewhere.
Yes big change - SSP taken a bigger impact than most but decent recovery today in line with recovery stocks. This share has been a bit of a basket case since RI both up and down which is surprising as not a heavily shorted stock.
Well, I got that very wrong! What a difference a month makes!
I got out at 3.22, but I’m now very tempted to get back in.
GLA
SSP taking some punishment atm but should def have enough cash to see out this summer delay on holidays as RI factored in worst case 2021 scenario.
Could be a long road back but in next year or two this will come back reasonably and if I wasn’t so exposed to travel sector would top up.
The NMW went from £8.72 to £8.91 in April, which is 2.2% (though there will be a pension/NI hit in addition). Granted wage increase is a big hitter for the industry, and I'm sure they will use the recent mass redundancies to reduce staffing levels by not rehiring fully when revenue is back on track. Prepare to wait a while to be served a bad product ;)
The point about low quality brands is true but consider they franchise big names like Starbucks, Burger King, Leon, M&S. Also the growth between 2013 - 2018 shows their profit margins and internal efficiency savings have been great.
I'd say the big risk is pricing themselves too high for locations (a big strength was captive markets), and that travel volumes will be hit long-term by blended/hybrid/home working. Their recent expansion into motorway service areas and the international undertakings are likely to flourish, whilst the UK rail/airport sectors fall behind. Let's hope they balance out and the share price recovers a bit!
This was an incredibly low margin business at the best of times. Add in lower travel volumes and an inability to recruit and you have a long term structural nightmare. Wages are rising 10 % per annum and even then staff are impossible to recruit. Hard to be optimisitic for a company with low quality brands.
210 if dire summer/autumn and maybe more funds needed.
370 probably eventually, sometime :)
Idiots, others have it at 370!