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Give Hello Kitty a call !
Well less than 3 days trading until results....wonder what the GLG short stands at currently? Was 1.18% last time it was announced, last week....assume they have bought a few million back since, inc yesterday....
JPMorgan cuts SSP price target to 320 (330) pence - 'overweight'......still huge upside here and positive upgrades with growth to follow in 2025...;-)
This share is being held back to allow the shorts to close imo....look at the trades today....anyway the only way is up soon...
Added here, business is booming and the results should show this, next Tuesday.
Onwards and upwards. Just hope the UK Market wakes up and sees the opportunity.
Easyjey results tomorrow which will also help lift this.
Oh dear a stock shortage here, GLG are going to have to pay dearly to close their 1.18% short....don't let those pesky MMs shake you out....;-)
Poor old GLG Partners holding a 1.18% short here....ouch....its going to be painful...;-)
As SSPG have lagged the market rally for the past few months, unjustly in my view, we could see a significant rise in SP both this week pre results and next week when results are released on the 21st....long overdue and good luck to those keeping the faith here...;-)
Looking forward to GLG buying back those shares they have a short position in, 1.18% I believe. Will they close pre or post results??
A week until results... fingers crossed...can't see them being anything but positive with airports full world wide....something has to give soon...SP wise...;-)
You're right that this is trading very poorly compared to the market. Any type of generally negative market news and it drops heavily, with the opposite trend not seen for positive news. Any positive sentiment is very soft. In the past week airlines and airports are all reporting that they expect this to be the biggest summer period ever, but Management seemingly cannot persuade investors that this will result in an uptick in net cashflow.
Https://www.globaldata.com/newsletter/details/ssp-group-acquires-are-in-expansion-of-australian-airport-presence_80858/?newsletterdate=2024-05-03&hubspotcategory=gd-foodservice-prospects-daily&utm_source=website&utm_content=other_daily_news_articles&utm_medium=top_navigation&utm_campaign=type2_foodservice
Expansion in Finland and Germany and news of commotion of the Australian deal
That's 6.5 million odd shares to buy back!!!
Certainly wouldn't want to be short on SSPG come full results day on 21st May, GLG have a week and a half to close their 1.2% short lol, could be fireworks to come here ;-)
Seems strange SSPG is still at the 200p level given the rising general market, inc airlines doing well??. Doesn't make sense to me but the last update was very positive and the company is expanding so the growth story is coming....way undervalued by the market but it won't last ....just need to buy and be patient...;-) The closing of shorts by GLG will help too :-)
Results on 21st May...this will rise into them and then jump on a great statement and set of figures imo...nows the time to buy....;-)
Deutsche Bank starts SSP with 'buy' - price target 305 pence....from today's news....
Fill yiur boots now at 200p....results in a few weeks, could well see a spectacular re rate here imo from very oversold levels...gl believers.
I have added again today too....shorters will.be forced to close soon....then....Boom!
You would think so - just added below 195p - seems a lot of potential ahead.
Heathrow predicting it’s busiest summer on record, this surely will filter across to all other areas SSP hold franchises which in turn will increase their profits for the year. One would think that sort of news would lift the share price ??
To clarify... SSPG should have fair buying support as it approaches 180p, perhaps preventing it from dropping beyond that level.
Davethehorse - I think your 180p prediction might just be about to be realised later on today, when the US markets open up... SP could end up closing out the week around 184p perhaps.
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