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Sky News reported the biggest sales surge in 18 months dated 24th May. We are set for a great period. With June set to continue this run of good weather. Maybe this is the boost the high street was looking for? Last set of results spooked the market. Traders don’t like surprises especially ones that come with a profit warning attached. Competition in the likes of Subway etc is putting squeeze on margins including input costs.
High street woes are adding to concerns on future growth plans. You can have as many queues as you like but with wafer thin margins profits can soon turn to loss making outlets. S profits down share price goes up and Greggs because of high street news go down. Now tell me, where is the queue at the till? Thanks moniman for your true and honest opinion. I’m just worried they may go back up to 10. If bad news keep pouring out of the high street as everyone continues to shop online then Greggs could suffer significant drop in footfall.
Sub1000p is my opinion for what its worth. Competition from Subway etc will really make it difficult to leverage price etc. I am thinking of getting to share this time around 10. Good callgetting out at 1077p drifting down now probably below 1000p very soon. 20 ingredients for a simple thing. 95, although may now not get that.
I would like to be in here, it’s a good business but cant quite put my finger on right buy in price. May wait until next update from co the decide. Just took 1077p , after buying in earlier in week. Sure there’ll be better opportunities next week.
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