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Greggs PLC (GRG)
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No penny shares or promotional posts
No penny shares or promotional posts
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- 2 Lemon pips
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Greggs PLC (GRG)
Well these have certainly sprinted up since that trading update a week ago.
https://www.londonstockexchange.com/exc ... 72415.html
https://www.londonstockexchange.com/exc ... 72415.html
Last edited by csearle on March 21st, 2021, 10:27 am, edited 1 time in total.
Reason: Slight tidying of subject line
Reason: Slight tidying of subject line
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- Lemon Quarter
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- 2 Lemon pips
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Re: Greggs PLC (GRG)
i considered but rejected it around a year ago i think, at a 3% yield. i thought it was a very good business, albeit one that was significantly more risky as a result of their rapid expansion.
a trailing and forward p/e of over 30 and 25 respectively and dividend yield of 1.6% is a borderline ridiculous valuation IMO.
a trailing and forward p/e of over 30 and 25 respectively and dividend yield of 1.6% is a borderline ridiculous valuation IMO.
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- Lemon Quarter
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Re: Greggs PLC (GRG)
2020 prelims out today.
https://ir1.q4europe.com/asp/ir/greggs/ssl/NewsRead.aspx?storyid=14999808&ishtml=1
Full year financial performance:
· Total sales were £811.3m* (2019: £1,167.9m)
· Like-for-like sales** in company-managed shops down 36.2% on 2019 level
· Progressive recovery in sales levels through second half of year
· Pre-tax loss £13.7m, including government support for job retention and relief from business rates (2019: £108.3m profit)
· Positive cash position at end of year and additional liquidity available under new £100m revolving credit facility
* 53 weeks ended 2 January 2021 (2019: 52 weeks ended 28 December 2019)
** like-for-like sales in company-managed shops (excluding franchises) with a calendar year's trading history
Shop opening pipeline reactivated: demonstrating confidence in long-term growth opportunity.84 new shops opened in 2020, 56 closures (28 net openings); 2,078 shops as at 2 January 2021. Planning circa 100 net new shops for 2021
https://ir1.q4europe.com/asp/ir/greggs/ssl/NewsRead.aspx?storyid=14999808&ishtml=1
Full year financial performance:
· Total sales were £811.3m* (2019: £1,167.9m)
· Like-for-like sales** in company-managed shops down 36.2% on 2019 level
· Progressive recovery in sales levels through second half of year
· Pre-tax loss £13.7m, including government support for job retention and relief from business rates (2019: £108.3m profit)
· Positive cash position at end of year and additional liquidity available under new £100m revolving credit facility
* 53 weeks ended 2 January 2021 (2019: 52 weeks ended 28 December 2019)
** like-for-like sales in company-managed shops (excluding franchises) with a calendar year's trading history
Shop opening pipeline reactivated: demonstrating confidence in long-term growth opportunity.84 new shops opened in 2020, 56 closures (28 net openings); 2,078 shops as at 2 January 2021. Planning circa 100 net new shops for 2021
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- Lemon Slice
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Re: Greggs PLC (GRG)
jackdaww wrote:there's an old saying - never sell shell....
i would say - never sell greggs.
One of my best purchases ever.... sold too soon.... every time I walked past them, with a queue coming out the door I think to myself, "bloody great company, why did I sell?"
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- The full Lemon
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Re: Greggs PLC (GRG)
Notice of Preliminary Results
https://www.investegate.co.uk/announcem ... ts/8020869
Ian (No holding).
Greggs plc, a leading UK food-on-the-go retailer, will announce its Preliminary Results for the 52 weeks ended 30 December 2023 on Tuesday 5 March 2024.
https://www.investegate.co.uk/announcem ... ts/8020869
Ian (No holding).
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- Lemon Quarter
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Re: Greggs PLC (GRG)
idpickering wrote:Notice of Preliminary ResultsGreggs plc, a leading UK food-on-the-go retailer, will announce its Preliminary Results for the 52 weeks ended 30 December 2023 on Tuesday 5 March 2024.
https://www.investegate.co.uk/announcem ... ts/8020869
Ian (No holding).
Is the announcement of a future announcement really worth posting about?
I don't wish to sound ungrateful for your efforts (I do appreciate what you do) but you could perhaps filter out the less consequential news stories. IMHO the sweet spot would be results, trading updates and changes in the top brass personnel.
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- The full Lemon
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Re: Greggs PLC (GRG)
MrFoolish wrote:idpickering wrote:Notice of Preliminary Results
https://www.investegate.co.uk/announcem ... ts/8020869
Ian (No holding).
Is the announcement of a future announcement really worth posting about?
I don't wish to sound ungrateful for your efforts (I do appreciate what you do) but you could perhaps filter out the less consequential news stories. IMHO the sweet spot would be results, trading updates and changes in the top brass personnel.
Points taken. No worries, and ta for your comments.
Ian
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- The full Lemon
- Posts: 11564
- Joined: November 4th, 2016, 5:04 pm
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Re: Greggs PLC (GRG)
Preliminary Results
https://www.investegate.co.uk/announcem ... ts/8070166
Ian (No holding).
· Total sales** up 19.6% on 2022 level, with LFL*** sales in company-managed shops up 13.7% year-on-year
· Underlying profit before tax excluding exceptional income up 13.1% to £167.7 million (2022: £148.3 million); underlying diluted earnings per share up 5.4% to 123.8p
· Robust cash position of £195.3 million supports both investment in growth and additional shareholder returns by way of a special dividend of 40.0p per share
· Final dividend of 46.0p per share recommended bringing total ordinary dividend per share of 62.0p per share, up 5.1% from 2022, in line with the growth in underlying diluted earnings per share
https://www.investegate.co.uk/announcem ... ts/8070166
Ian (No holding).
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