Member Info for thecumbrian

I stayed, was really tempted to sell at the £13 along with my whole portfolio but held true.
I’m having 2 months away and coming back to check after new year, seriously. Good luck and happy Christmas.

Hi , my average is 39p so not a great loss here , but 20% paper loss to total portfolio with no dividends due and most in transport and service and food industry, ( not as bad as some I know ) so that’s what I meant by substantial loss. I know a fortune teller would have trouble predict both the highs and lows of a share but I can’t see a medium upturn in the markets and only a downshift.
I’ve held anyways, along with my 3500 Greggs shares which give me the most interest / anxiety. But we all make our choices. I’m not into averaging down as I’ve said on other sites as that can sometimes get you in deeper and deeper I’ve watched these sites for years where people have lost everything on companies like Thomas cooks buying more and more. Then !?! I’m holding for now.

Hi. So you don’t see the sense in selling tomorrow then buying back after the price drops, then keeping until 60p ?

The frustrating thing is we all knew it was coming but the markets will punish us that held.
Not sure the shops will get much trade, granted takeaways can stay open, but weather is bad now and not sure people will venture out to get a sausage roll. I’m really confused as to sell tomorrow at a big loss or wait a month and see it at today’s price again but irritated at the fact I could have bought at 1150.
Good luck to investors everywhere ( we are now gambler I fear,)

It’s strange really, we all knew another lockdown was imminent but we all know that the markets will still fall tomorrow.
I’m really thinking of selling everything tomorrow , ( at a substantial loss) and coming back after the new year.
I know a lot have people have made a lot of money buying on the April dip and selling on the June high but I wasn’t one of them.
I know we can’t predict the low and time things right but I’m pretty sure now isn’t the low.
Good luck to investors everywhere, I think I’ll sell and buy a small flat the rent out and hope a boom in the housing market comes.
Oh, and I’m not sure I’ll ever vote in a national election ever again.

I’m afraid I don’t share your optimism.
Where will people be going in the short/ medium term.
I do hope that this should at least be near the bottom .
Government assistance absolutely essential to the survival of sgc. The nation’s bus services are an essential service in a small highly populated country like ours even more so than the US so I’m confident that help will be maintained throughout the winter.
But that’s my logic, not the government’s.
Maybe an optimistic bid will arrive at a surprise time?!?

A valid point but there are many sectors that were highly affected from the beginning of lockdown, catering, wedding, beauty, etc many could have been helped, 1/2 hair care or gym use for example ( no I have no vested interest in those sectors ) but it’s just not sure why that whole sector to the exclusion of others was chosen, but I suppose some win ( or lose not so much ) and some lose. Why go for a takeaway when you can sit down for 1/2 price, I’m not sure the hundreds of independent sandwich and bakery shops thought the eat out scheme was such a great idea. Anyway it looks like a little stability for now. We just need another beast from the east to bye pass the Uk and maybe this will keep the shoppers and workers that are in our cities brave the queues when the autumn rain starts.

You have a point of sorts, most in this country , (including myself and all my close friends and family have not had any signs of covid therefore not been tested) apart from the 45000 dead from whatever cause, ( within 28 days of testing positive ) and I actually know only one person who has tested positive, a prison officer in Nottingham , and he was asymptomatic. But those in the know must be more educated in these matters surely if they have done this as an expensive, in both money and livelihoods, waste of time . I say this not with any confidence, but there can’t be a giant new world order conspiracy to bring the worlds economy to it’s knees. Although I’m not certain giving half price food to us already obese 30% of the population was a good strategy based on good science. I am an optimist at heart but am aghast at the lack of direction, lack of consistency and lack of confidence our experts in all fields, political, economical and scientific seem to exude.
It’s also unbelievable that some of the richest countries in the world cannot formulate a coherent plan for recovery.

I’m also sending a sense of “Covid seriousness lethargy” akin to the immunity we all sometimes feel where bombarded with films of less fortunates or with calls for charity, we all feel they are great causes but an almost “oh not again” attitude.
Many families have suffered tragedy but most have not suffered any loss( some in fact have gained both financially and in their day to day lives) and I fear that those not directly affected will not take this situation seriously until something drastic happens to them or a loved one.
I know friends who admit to not downloading the track and trace apps because they don’t want a call telling them to stop work and isolate, along with their close companions. These are all self employed ! But I’m retired so financially the lockdowns do not affect my work, however they do affect my income ( reduction of dividend income and reduction in shares capital value.
But if someone catches this virus and it hits them seriously the 60% wage or furlough 80%!could be the least of their worries.
Sermon over. Wash your hands, wear a mask and font get close unless you have to.

I do not even know if the experts are in agreement to the efficacy of a national lockdown or local ones.
I know there will always be winners and losers but I’m not sure about a lockdown as has happened in Arran where I think there was no one affected and just normal restrictions in areas where the infection rates are at their all time peak.
I presume if a local lockdown happens that Greggs will not close their shops this time as the staff now have ppe , the counters have screens and the signage and displays are now Covid resistant. Unless people dramatically reduce their time outside their homes, which may happen as weather is starting to change.

Looks like not heading towards £17 just yet.
Lock down uncertainty woes causing this without doubt . The country needs to know the measures it intends to take in order that companies and individuals can structure their finances for the medium term,
Nothing at all has changed to Greggs in the last couple of weeks. This is not profit taking, this is the market in absolute turmoil about what will happen. I don’t think it had even taken in the fact that US elections could Chuck another spanner in the works.

Director now has around 20% I think.
Maybe the 65p offer is near.

Apart from the director buy with subsequent rise to around 30p . I see no reason for the fall from 39p last year to 24p or the rise back to these levels. ?!?
Unless others know better.

You are very wise Stu , averaging down just ties one in even further , and if a share fallers even more the temptation to repeat that action gets even more attractive.
Look how people’s portfolios have fallen and their holdings increased to uncomfortable proportions in the last year.
Thankfully I learned my lessons the hard way in the past and now if a share falls , below my stop loss ( where I do not wish to sell at a loss) I switch of f the computer and do something more enjoyable.
I no longer average down and get further committed.
Gl man

See you’re still here.
Back in the other day at 126 thinking I’d got a nice price for a quick juicy profit but alas ....
One of the few paying a nice dividend albeit at the expense of falling share price, but others have fell with no dividend.
With almost none existent returns on savings funds under management should increase in the very near future and although patience will be needed I think that if tucked away and ignored until the new year we should hopefully see some shoots of recovery.
We know that core substance will only be a minor player in the shares recovery and sentiment is what’s needed here, and elsewhere of course.

I was a champion of Greggs’ management but unless they have a secrete cunning plan ( which they may well have) they appear to be committing retail suicide. Most of Greggs high street competitors have stolen a lead on them by getting near to some sort of normality, whereas Greggs have remained nearly empty of both stock and customers. The cafe areas are closed when some of them have been very busy indeed , albeit with help of the 50% scheme. I presume a lot of consolidation is going on behind the scenes , and I hope a big rabbit gets pulled out of a very large had very quickly to project the Greggs brand to near the front of the high street rather than the empty poor relation.
Fingers crossed , come on management!!!

I share the sentiments of many here.
Greggs make ( made ) money by packing the punters in and serving them swiftly and efficiently with ok quality value high profit food.
Passing their shops now they appear to have more staff than customers in the stores , half of who seem to be preventing or almost visually dissuading customers from entering the stores, which are almost empty of choice of products. They seem to have gone over the top in h & s .
Don’t know where we do from here , my only consolation is in the past the management have never failed to deliver, so maybe they have something up their sleeves. But it’s a pure fact that post opening after lockdown figures will be dire and I don’t know how that will result in anything but a further fall, but I don’t understand why the sp isn’t already lower. By the way this is the best positive spin I can put on Greggs. Roll on the 28th and a rabbit out of the magician’s hat .

Looks like a rise on the back of the Stella form of s4, as I’ve seen nothing Stella here , but what do I know.
I do think revenue will rise mid term as I expect businesses to try and be inventive and will find the need to invest in advertising to try to attract new trade. Fingers crossed

If, and it’s a big if , these new close proximity measures were only for a few months I wouldn’t be concerned at all. Most of the Greggs I have been in or walked past are packed, at least around mid morning ,around lunch times and early afternoon.
Customers browse around the stores in the various fridges and cabinets and have a sit down coffee and cake in the cafe ones. It has been inferred “The new normal “ may be around for a lot longer than a few months. I know the management will be working furiously to find inventive ways to protect and improve market share, hence the postponement of the 20 shops around Newcastle, for fears of over crowding ( whoever thought a brand would want to reduce its customers ) . The demise of city centres also concern me. I think I’ll enjoy the sunshine, be grateful for my health and count my dividends, oh! There aren’t any. Good luck Greggs. If any company can survive and flourish it’s Greggs.

I’ve said many times I love Greggs especially the management but I’m at a loss how they can make well priced quality food for the masses when the new normal will be be UNPACKED stores? Suggestions please