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Greggs PLC (GRG)

London
Currency in GBP
Disclaimer
2,880.0
+20.0(+0.70%)
Real-time Data

GRG Price Commentary

Strong profits, strong cashflow and now paying 5% dividend. Selling through franchises so like McDonalds they take their cut from the stores turnover not profit so make money even with poorly run or located stores. Oversold in my view, now a tentative buy.
Totally insane value... it's a sausage roll maker not McDonald's. I think with is current value you'd need a Greg's on every street 🤣. Run a mile in a few years someone will copy it and do it better. Even with covid you still gotta queue while they serve someone getting 20 lattes. Bitcoin of the pasty makers.. run a mile. 1800 by end of the year my guess.
I just read they doing drive thru. I'll be honest I'm shocked a really good idea from them. I still think it's way over valued but I guess long term if they pull it off might be a worthy one to buy.
The seasoning for their sausage rolls, which is just one of its products, is intellectual property that cannot be replicated. If people are queuing round the corner that should say something about its reputation, which will convert into sales.
new ATH ;)
Buy and hold
sell now...
Greggs announces losses and no good news until 2022 and the share price jumps. Strange times we live in.
It doesn't make sense. I personally sold Greggs at a loss few months back and now this jumps on the worse possible news haha.
I think a fair price for now would be 1000 to 1200 pence. We simply don't know how long Covid will last. When Covid clears then the business should be worth £3 or £4 billion. But at 1.5bn when the footfall in its stores has slowed dramatically, revenue will surely take a massive hit all the while Covid is around.
Good time to buy dip if under 1000
Before Covid 19 you couldn't go into a Greggs without there being 3 or 4 other customers in there but now 3 out of 4 times I go in one I am the only customer in there. And this is morning we are talking about when the store is usually its busiest.
I think the opposite. Their food is quite tasty, and at the same time reasonably priced, especially if you account for the deal they offer. Greggs is hard to beat in terms of value for money. But there will always be some people that think they are too posh for Greggs.
New Normal is the label
just mega processed food. Trust me just a matter of time before it comes out it's got horse meat in the sausage rolls or something 🤣. For me they aren't organised to really capitalise on the future like most stores have people who can't do tea. The staff seem fed up in every greggs I go to. Way over valued.
This stock is recovering now because...?
Becuase there's no Real reason that it shouldn't
If it goes back to around 1000 would be a good buy I think
where do we think this may find support now, 1000? doesn't seem to be any clear support before that level
Tricky. Depends on the covid situation but compounded also by the new trend to work from home. If no vaccine news / mngt cannot reinvigorate it first it could get cheap. Like 5 quid!?
Another bloodbath day. Is this stock going to recover?
PE still high, priced for growth but closing stores. Volume is relatively light though, so maybe a determined seller is having an exaggerated impact.
Will dilute this loss when we we are at the bottom. But yes you might be right.
Made a new 1yr low, just, bounce?
Not sure but its been painful to watch
Great time to get into this stock i reckon at 14£.
i wouldnt touch anything in Greggs but lots of people love carbs and fat and cheap rendered pork products, i dont see this chanting anytime soon, Greggs know their market well and target it. let the masses have their sausage rolls.
Lots of people still do, but surely that market is already priced in here? Nothing to stop Greggs diversifying nor the government "educating" against whilst taxing consumption
yes i think your right about that market being priced in.We are at peak sausage roll. still not convinced the Tory backbenches will allow taxes to be bought in but we will see
yeah me the company is good but it is trading at a bigger pe ratio then McDonald's and also this is a British company, it ain't growing global
anyone following this pasty stock
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