RNS and special Dividend5 Mar 2024 07:57
Has GRG become “so good” that an RNS with such great numbers and a special divi of 40p - isn’t commented upon?
A great update RNS today (IMHO)
I have a decent GRG holding built up in recent years. In the new ISA year i intend to load up again
Don’t really see any downside with GRG - it is very well managed, growing, profitable, pays staff a bonus, pays special dividends, (not share buy backs) and opening new sales channels like evening, delivery, drive through and retail partners.
A key metric for me (even though i live in Sunny Glasgow) is “London potential”
Pret a Manger has 275 shops in London.
Greggs has only 40 - but expanding in key high footfall locations. And that is “high footfall” in 2024 - not busy locations pre covid. They are cherry picking and able to get great spots in London and throughout the UK.
When was the last time you saw a Greggs without a queue?
Skint