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Pin to quick picksSSP Group Share News (SSPG)

Share Price Information for SSP Group (SSPG)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 203.80
Bid: 204.00
Ask: 204.40
Change: 0.60 (0.30%)
Spread: 0.40 (0.196%)
Open: 205.00
High: 205.80
Low: 203.00
Prev. Close: 203.20
SSPG Live PriceLast checked at -

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Sunday share tips: Schroder Real Estate Investment Trust, SSP

Sun, 31st Mar 2024 18:56

(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Schroder Real Estate Investment Trust (SREIT) to its readers, predicting that they were set to rally.

"That was on top of the group's dividend, which was expected to hit nearly 8% for the year ending on 31 March and to continue growing.

At 42p, the stock is a buy, while generous dividends add to its appeal," the tipster said.

In particular, Midas explained that the company was planning to turn its property portfolio from brown to green and charge tenants more in the process.

Counter-intuitive as that might seem, given current economic conditions, energy-efficient buildings were often cheaper to run and costs lower - or at least the same as elsewhere - despite the higher rents.

Long-term fixed-rate debt issued when rates were low would help, Midas said.

Yet the company was fetching a market value of just £203m, whereas its independent valuers believed it was worth £458m.

Indeed, the shares had more than halved from their 2018 peak.

The Sunday Times's Lucy Tobin believes readers should 'buy' shares of SSP Group.

Its business had momentum on its side, as the latest figures from the International Air Transport Association showed, with passenger numbers near to hitting their levels from before the pandemic.

While the 600p pre-pandemic share price might never be revisited, the shares should certainly recover from their current low level, Tobin surmised.

She pointed to the company's "successful" growth, whether that be organic or non-organic to back up her case.

Analysts at Peel Hunt and Liberum were in a similar frame of mind.

The former judged the shares to be "very attractive" whilst the latter was expecting growth to continue into 2024.

"Dividend payouts were unleashed again last year and the momentum is now with SSP," Tobin said.

"Buy."

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LONDON BRIEFING: SSP helped by longer "dwell times" amid travel chaos

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SSP Group revenues strengthen in Q3

(Sharecast News) - Food and beverage outlets operator SSP Group said on Thursday that revenue has continued to strengthen since the publication of its interim results in May.

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16 Jun 2022 14:56

Director dealings: SSP chief executive buys £0.11m of shares

(Sharecast News) - Travel caterer SSP Group disclosed a purchase made by its chief executive officer on Thursday, worth over £0.11m.

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IN BRIEF: SSP CEO Patrick Coveney buys just under GBP115,000 in shares

SSP Group PLC - London-headquartered operator of travel food and beverage outlets - Chief Executive Patrick Coveney buys 50,000 in shares at GBP2.29 each, worth GBP114,255, in London on Tuesday.

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Sunday share tips: The Auction Group, SSP Group

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IN BRIEF: SSP CEO Patrick Coveney buys GBP1.6 million in shares

SSP Group PLC - London-headquartered operator of travel food and beverage outlets - Chief Executive Patrick Coveney buys 630,000 shares at GBP2.55, worth GBP1.6 million, on Tuesday.

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SSP swings to profit but warns of inflationary pressures in H2

(Sharecast News) - Upper Crust owner SSP Group on Tuesday swung to an interim core profit as the travel sector rebounded from Covid restrictions but warned inflationary pressures would increase in the second half.

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