Member Info for Manofleisure

No news so why the sell off? Better not be insider trading !!

As I posted about a year ago this is one of my core holdings and I’ve topped up this week. It produces the right products at the right time. With government and millenials forcing change from plastic wrapping to recyclable wrapping , the company doing its own recycling , expansion in Europe and USA , the outlook looks promising.

SSP has acquired German group Stockheim adding £30 million to sales. https://halifaxiweb.digitallook.com/news.cgi?story=26774030&view=full&username=&ac=

Milder : the actual short positions Is 0.0% as only positions >0.5% are recorded. Marshall Wace decreased their position from .59 % to 0.45% on 22/11 and Henderson decreased their position from .52% to 0.31% . So very low short positions and no conspiracy.. the opposite in fact.

I am concerned about the BOD strategy of expanding using debt and sale and leaseback. From what I can see they have disposed of assets and now pay rent and interest to service a billion in loans . Dignity has a similar strategy and the SP is getting hammered . There are plenty of companies expanding through free cash flow so why bother with this . GLA and as usual DYOR

Mulder: looks like sour grapes as whitbread has zero sp growth in the last year whereas SSP is up 100%. Ranting about a “currupt market” doesn’t help unless you have some evidence. I would say the market is not necessarily fair .. look at Amazon whose share rose for years without making a profit .. but the investors believed in the strategy which has paid off big time. Your approach probably prevented you buying Amazon .. was that also a currupt market .

Top of the leader board again today with an 8% rise , increased dividend and £100 million special dividend . Increasing trade in all geographies especially North America. The analyst who sighted falling footfall on rail but missed the increases in air traffic only goes to show that it pays to DYOR. £6 forecast now met and I currently see a good chance of £12 by end 2018 all things being equal .GLA

Londoner7 I also bought this share thinking it was a safe investment with growth. It’s probabl Brexit proof but as the bod continues to buy growth at any cost I lost faith . I look at this company like a utility which needs to deliver ca. 5-6% dividend and produce productivity gains through better / improved service. Crematoria also looks like a good area for investment - but only from profits. I don’t think averaging down is a good strategy but may make you feel you have not lost so much % wise. GLA

So chances of an oversold bounce seems to be receding. The culprit being the aggressive expansion which will lower profit for years to come . This strategy worked for Amazon but the share price still rose during the years of no profit. I’m not sure I’m willing to invest in a jam tomorrow company so I’m selling . GLA

So Morgan Stanley downgraded to hold sighting slowing travel at Uk rail. Have these guys not looked at the booming numbers from Ryanair? But the real story for this stock will be Asia.. now in partnership with TFS in India and present in 6 airports.. 6 !! There are over 400 airports in India and god knows how many in China .the middle class now over 300 million in India alone .. My bet is SSP will continue to grow and I reckon this can double again in 2018.

I’ve been aboard since May and posted then. What my experience is that I seldom look at my good stocks as they just seem to grind higher . If I’m worried about a stock ( like Lloyds) I find the best thing is just sell it and move on . GLA

I topped up again today as this has the profile of one to buy and hold for ever .

Well up over 100% since I came aboard in 06/2016. From all reports it looks like all economies are growing worldwide which I reckon will translate into increase travel which in turn should translate into increased sales for SSP. Let the winners ride and drop the losers advises Warren Buffett so that what I’ll do .. until signs of recession start to appear . GLA

Looks like a good entry point so I’ve taken a small stake at 213. THe BOD forecasts weak results for its new acquisitions so I’m prepared for a bit of drift. Perhaps a rein back on new centers might be in order as it looks like we may be heading for a period of consolidation.

Billybigwig : the £248 million debt is manageable at 1.8 times earnings according to the FT https://www.google.com.cy/amp/s/amp.ft.com/content/3c4e67e4-5112-11e7-bfb8-997009366969 The company clearly wants to expand and continue to pay a decent dividend. If you are that strategy will deliver value then hold or buy otherwise just sell .. there’s plenty of buyers.

I’m beginning to wonder what is the purpose of owning a share in this company. They work hard , buy out smaller companies but all the money they earn goes to services their debts . Even the dividend is not that good . Maybe if they merged with the co-op they might release some value but at the moment it just looks like a company run for its employees .

I’ve been using WH Smith as my leading indicator for SSP and am happy to see they have announced strong footfall in the latest period with strong gains in Asia . Should bode well for SSP so still looking for strong support with a price target of £6 by year end .

SSP tops the leader board today with a near 6% rise

"SSPs financial year ends on Sep 30 and brokers expect turnover to rise 15% to £2.3 billion with profits surging almost 30% to about £140 million. A dividend of 6.5p is penciled in. " Midas The Mail on Sunday September 30.

This share looks good for good times and bad .it recovered well from the surprise dip . Looks like it's got new legs now for an all time high .