Member Info for Webba1

Can you at least offer some rationale for your ramblings? are you a disgruntled ex employee or ex lover of the CEO? Rude awakening based on what? i keep reflecting on the value of TFS, the share buyback, the upcoming dividend and the structural growth markets. The rude awakening was pre to post covid. 7 to 1.40 initially poor shareholder management to explain the growth opportunity and strategy post covid recovery and the renewed focus on returns, cash flow and reducing capital investment mean that i see this on a decent path to 2.5. At least i've offered some rationale for my view- please enlighten me with yours?

And when you say the "cost of sales" is the cost of goods? costs after labour, rent and operating costs or overall EPS and margin. Again look at the markets that the business operates and grows in. The model is growing outside of the Uk which has a heavier reliance on the retail performance of its franchise operations in M&S which whilst great for Volume is a diff cost of goods model.

You fundamentally misunderstand the business model. Let me educate you. People want to travel and global air traffic in particular in regions such as India will grow at CAGR of 3-5% per annum. Those people will go to an airport who operate as commercial entities. They need to generate income from passengers travelling to and from the airport, spending money in duty free and then in the restaurants and bars of airport as they need to be airside c. 90 mins ahead of take off. That "captive" audience then want to find something to do, somewhere to sit and value/ spend and convenience are weighted very differently when you're essentially paying for your own space to sit and wait. Do you really think a $15 spend is going to makr a huge difference in a market that has the highest % of ABC1 travellers?

Utter tosh. The airport is the epitome of a captive market. You are forced to go there early and hang around. You can't risk missing the flight so ave dwell time in the departure lounge ranges from 45-60 mins. What do you think people do? they go and find a place to sit and relax or grab a coffee depending on occasion. It's a tried and tested model and as the airlines deliver more aircraft with dynamic pricing that they need to fill, retailers will continue to do well. If you are a high end retailer with no VAT breaks and your passenger is on a euro holiday then i can see a problem but the model - which you clearly dont understand (i've just spent the last 15 years living this model) is airports no longer generate money from airlines (with the exception of LHR) the money is driven from commercialising passengers - travelling to the airport, parking at the airport, fasttracking, lounges, duty free, food etc etc. The days of easyjet paying airports fees died when O'leary changed the model and guaranteed passengers to the airport to commercialise. These are mostly private enterprises

Are you still hanging around posting the same pointless drivel. I do wonder if you're not just the alter ego of savage. My view is they will report strong numbers and decent first qtr trading with the exception of European rail. That's going to take some work to solve. some strong net gains to fill the hopper in US and strong UK performance. UK will again be the standout performer and whilst the sales will still be sluggish in the states, thats a relatively temp blip which for next summers world cup will see a huge uptick. reduced capital, continued buy back and a decent dividend with update on positive TFS SP and performance and it should rocket by 8-10% but we all know it will likely drop with shorters- i'm holding out for a buy out - there are a lot of PE businesses and others such as Compass who would benefit from this in their portfolio. A bid or hint of one would do wonders. i'm holding for 3 quid

Anything else? RYA posting positive growth. Fuel hedging at 67$ and 3% more pax, forecast for same next year with a reduced operating cost as exiting expensive locations and profit growth way above pax - read across for the industry- thought it would have been a bigger jump tbh, however EZjs secret weapon is the holiday business on top of the industry bits

NT to buy so zero stock about

I agree on SSP and invested also on EZJ but more as think its undervalued and has a relatively small debt set up but with a superb holidays business that doesnt appear to have been valued.

Market open..... lets see if this can step up and get back over £5

Just realised that you simply change the share to suit. wow. you'd actually had a pop on here about EZJ then the same post on SSP . Just been on the EZJ board and you're a strong buy there having told everyone how bad it is here. That's a unique take that adds zero value, i didnt think i'd ever filter someone so congrats on earning that 'unique' accolade.

avocet123

Posts: 5,954

Price: 160.60

Strong Sell

RE: Travel Food Services is SSP goldToday 11:09

I've given my evidence previously on why I think SSPG SP will struggle and I stand by it! UK economy struggling, interest rates remain restrictive and there's looming disinflation which should quickly tip into deflation territory unless there are swift rate cuts. Consumers fatigued from the high ticket prices (less footfall in airports) are now well into cutting back - many businesses already reporting this widely. When the economy runs aground the first things which get cut are travel leisure spending, this time will not be any different!

DYOR - IMO

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avocet123

Posts: 5,954

Price: 160.60

Strong Sell

RE: Travel Food Services is SSP goldToday 11:09

I've given my evidence previously on why I think EZJ SP will struggle and I stand by it! UK economy struggling, interest rates remain restrictive and there's looming disinflation which should quickly tip into deflation territory unless there are swift rate cuts. Consumers fatigued from the high ticket prices (less footfall in airports) are now well into cutting back - many businesses already reporting this widely. When the economy runs aground the first things which get cut are travel leisure spending, this time will not be any different!

DYOR - IMO

So why are you on the board? paid to deramp or bored before your local opens?

ps Ebit in the range of 220-250m so as with any SP valuation, i'd look forward not backwards.

Strange response - some random share that i'm not interested in. perhaps share your view on why you are a strong sell here - and if so, why you havent sold and moved on. what is the point of hanging around commenting if you are not a shareholder?!

I understand the UK or even the EU 'macro' elements. i get that but i don't think you understand the SSP business model. Invested across 4 key geographies, UK & EU, US, EEME, APAC 38 countries. UK is no longer the 'huge' part it once was, US, EEME and APAC all in significant growth. TFS the indian JV. That from a value perspective vs the overall and the growth prospects in India are incredible across the air business as the middle class grows and starts to really travel. underpinning this you have the underlying growth in air travel as airlines continue to grow their fleets, airport capacity grows - LGW will enable a 2nd runway - +20m pax, LTN council (large shareholder) will unlock the "cap" on pax, STN pushing for a further 25m Pax and LHR allegedly going to grow. all points to a market that has serious growth opps- look at the rebound from covid. The strategy to invest to grow and acquire in a market that was in recovery will set the business up with the mgt team now commercialising the new space without the distractions of new opening and the costs associated with it. My view is the SP is at a point with the TFS valuation that this will get taken private, be gobbled up by a Compass Group (previous owner) or the activist investor will push the BOD to sell off the TFS investment and return to shareholders the proceeds. but as the previous poster said.... DYOR (except im not sure he has)

I'm invested in both SSP and EZJ so i see both avocet and savages posts. i am employed at one of the businesses hence my interest in the SP. i'll leave to take up a new role soon and then can comment freely.

Can someone explain the rationale of a person who posts constantly on a share that they are a "strong sell" on 33 times in 30 days. is it a) not got anything else to do b) are shorting the stock c) have some insider info and a sense of desire to help retail investors d) a disgruntled ex employee who was forced to sell shares and wants back in. If its a & b crack on. Not sure you're going to make a blind bit of difference, imagine if you actually had some insight into the company and it's performance.... could actually be interesting - how are they trading currently? i reckon with passenger volumes the current trading post close will be in the 4-6% LFL which bodes well.

Yip i'm guessing the spike was the shorts closing!! Lets see what gets reported as they were rushing to get out first, few retail investors taking profits- it was moving about so much this morning i didnt want to jump too early! as with all of this just check out cash flows, fundamentals vs debt (albeit theres a lot of debt/ orders for aircraft but i think thats a pretty tangible asset! )

Last December was announced mid Nov. expect the same this year. i use this website https://www.dividenddata.co.uk/dividend-yield.py?epic=BME

Drop over done, simply a case of patience but as you say limited stock available so goes NT quickly!!

I'm a little concerned by the comments "paid for by clients" as opposed to paid for by the magic fairy? client demand = contract = need. Unless i have missed something very obvious in the fundamentals - no "client" is outright funding this business- if they are- point it out please.

What planet is avocet on ? it's rare i will comment directly on another post but i don't get this at all. The shorters will blink as they have a day or two to work out what's coming as the SP will grow on the back of this. The results were decent in a challenging macro environment. TFS and a buyback along with a steady EBIT stream ,reduced investment capital and long term growth are a screaming opportunity. That or as the activist investors likely doing, pushing for a take private or split the business to get the value from TFS to reduce shares/ special to shareholders who are frustrated by the time to get divis back post pandemic.