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Shares sold 5 million
Price goes down 3%
How does that work??
SSP acquires Pret franchise business and expansion rights in Switzerland: SSP Group has extended the reach of its global travel hub portfolio with the acquisition of the franchise rights for Pret A Manger in Switzerland. As part of the deal, SSP will take over operations of three additional Pret stores on top of its existing portfolio in the locations of Löwenstrasse, Rennweg and Zurich's main railway station. The company said the move strengthens its aspirations to further expand the brand in Switzerland. SSP opened its first Pret in Switzerland in summer 2019 and currently operates five stores at Zurich airport, with more openings planned.
Odd?? Why so?
Greggs is huge in Food To Go, and they don't have the experience to get in to travel hubs. SSP have this experience and so the two together (under a franchising agreement) ought to make a real success of the opportunity.
SSP have stated that they see a future opportunity in operating and developing franchised operations in their specific sector.
Greggs are also franchising with Fuel station operators.
Sounds sensible to me!!
In further news this week, it appears that SSP will be operating franchised Brew Dog bars in some of their sites, too.
What's not to like??
:-D
I often think the same! When I buy something, it goes down - when I sell it goes up!
I'll be staying in this one for the long term - I reckon that SMS's record is worth the short term wobbles!
Greggs opens first airport site in partnership with SSP: Food-to-go operator Greggs has opened its first airport site in partnership with UK-based transport hub foodservice specialist SSP Group. The outlet at Cardiff airport is on the first floor before the security check point.
I'd have thought there would more more reaction to this.
Any thoughts about the release or the muted response to it?
Certainly glad I'm not short on THG - that's going to be painful!
From an industry news wire......
"SSP to open new sites in France as it strengthens partnerships with two bakery concepts: UK-based transport hub foodservice specialist SSP is opening new sites in France as it extends its partnership with two bakery concepts. La Croissanterie will be opening at three locations across Paris Metro from this month. Meanwhile, following success at Gare de Lyon, SSP will also open another two units with French pâtissier and chocolatier Pierre Hermé, at Gare du Nord and Gare de Lyon Part-Dieu. A Parisian luxury pastry shop owned by the brand’s eponymous French pastry chef, the sites will offer a selection of the brand’s signature macarons and chocolates. Gérard d'Onofrio, managing director SSP France, said: “A key strategic move for the company, our partnership with Pierre Hermé is part of our continuing drive to offer the broadest spectrum of brands. We are equally pleased with our ever-strengthening relationship with La Croissanterie, which has the dynamism as a brand to excel wherever it is located.”"
They do what they do well!
Looks like it's 2% up to me, Saddo!!
L5, I don't work in the retail channel so shrinkflation is not an option.
Where discussions work on per kg/per tonne prices, the further inflation is inescapable and 'unhideable'!
I'll bet that this isn't the only industry where things are STILL going up
Going back to the initial point of this thread, inflation is FAR from done yet. Energy prices are coming down, but I work for a food manufacturer, and we're currently looking at how to implement some scary price rises that we see coming later this year. That's after 30%-worth of rises over the past year.
I fear that Rishi's 'halving of inflation' may be yet another of his broken promises!
shorttracker.co.uk seems to be getting a bit patchy recently.
There's also https://shorteurope.com/index.php?country=united_kingdom
Citadel are also one of the largest short holders of this stock.
Do they just balance out their short stock against their long stock?? Does this not make a portion of their holding pointless as what the lose on one, they gain on the other? Surely that 0.94% could be used in something more likely to generate a profit.
He always looks as fit as fit can be to me - he's the reason I hold these shares.
Happy Birthday, and get well soon!!
As at COB on Friday, they still had almost 52 million shares to find.
They're not having any of mine!
If you look on shorteurope.com
https://shorteurope.com/details_company.php?company=BOOHOO%20GROUP%20PLC&land=united_kingdom
It shows who is in profit (or not!) on a particular share.
I couldn't say how accurate this is, and I'm sure it won't involve any fees, charges or commisions.
It currently looks like only Tellworth are in profit, and across the declarations, they're nearly £150m out of pocket.
Poor shorters! :-D
But they still make dreadful clothes in a dreadful way.
The clothes that we received were genuinely awful.
To get Raving Fans, you need to connect with people on more than cheap products. A single sale (whether returned or not!!) is of very little value to the continuing success of a business.
My wife has purchased from Shein in the past - everything was utterly dreadful and was sent straight back. Cheap means nothing if it's crap!
Creativity (and the creative industries) in China are simply awful - the Chinese sytstem (communism, even with a pretend 'market') doesn't teach or encourage independent thought and the generation of ideas. That would be dangerous for a one-party state. When you encourage creativity, you'll get it in places that you don't want it.
Shein will always be a poor replica of Western fashion-houses. People may try it once, but few will become regular customers. Only those who can only ever see a cheap price. Most Western people have a more sophisticated outlook than that.
All just my opinion, of course
Looks like the shorts have reduced again.
Still >50 million shares to buy back, though!!!
2015, Old Chap. 2015