i am a long term holder .
with unusually beneficial timing , i sold a tranche yesterday at 1255 for accounting reasons.
so ive bought them back again today at 1066 , and added some .
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Pendrainllwyn wrote:Also article in today's FT saying there would be more bad news to come and too early to buy
Pendrainllwyn wrote:I do my own analysis thank you. I don't often read the FT or other financial press - just happened to today as I was flying - got upgraded to first class which is always a pleasant surprise. I was just sharing ...
Pendrainllwyn
simoan wrote:
Greggs has always struck me as expensive for a mature chain of pasty and cake shops. How much further can they expand to continue growth? What should really happen now is that they stop growing and throw off cash in the shape of dividends, but that's unlikely to happen as the rating is too high for an ex-growth company. If it was on a P/E of 12 with a similar P/FCF and a dividend > 4% it would be a sound share to hold. Management seem to have transitioned the business well in the past few years to counter the competition from the big coffee shops but will likely to have to do so again at some point. This will mean more capex to refresh and update the shops and so I don't really see any attraction currently.
All the best, Si
jackdaww wrote:greggs shares were expensive when i bought in at about £4 , and probably were expensive long before that .
this is a simple well run company thats been around long enough for the market to put a value on it .
maybe the market is right?
the long queues could possibly be managed better by using mcdonalds type ordering screens.
i hope there is more to come.
Wasron wrote:I looked and regrettably failed to buy at £4 a share nearly five years ago. I think a lot of the recent growth has come from their move into motorway service stations. It was inspired.
Wasron wrote:I looked and regrettably failed to buy at £4 a share nearly five years ago. I think a lot of the recent growth has come from their move into motorway service stations. It was inspired.
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