Just wondering if the recent fall in Greggs has been overdone. Being based in the north-east,they still maintain market superiority. Some of the staff I have spoken to seem to be getting all the overime they can handle and one of the major local rivals, Peters (70 stores in the area), has been closed for the last few days due to a fire at their distribution centre.

Any thoughts welcome

Interim Management Statement

· Total sales up 5.9% for the 14 weeks to 6 October 2012

· New channels contributing 3.5% to total sales growth

· Like-for-like sales down 2.6%

· 'Bake at home' sales through Iceland continue to perform strongly

· New motorway services shops opened in partnership with Moto

· Net 70 new shops opened year to date, ahead of expectations

Board changes not going down too well.

12 month low 451p June 2012.

2 year chart.

Christmas and New Year Trading Update

RESILIENT CHRISTMAS PERFORMANCE - TOTAL SALES UP 4.3%

Christmas and New Year trading period*

· Total sales up 4.3%

· New wholesale and franchising revenues contributed 3.0% to total growth

· Like-for-like sales down 2.9% against strong 2011 comparatives (2011: up 5.1%)

Financial year 2012**

· Total sales up 4.8%

· New wholesale and franchising revenues contributed 2.8% to total growth

· Like-for-like sales down 2.7%

· Record shop opening programme added 100 net new shops

· Full year results anticipated to be broadly in line with expectations

*5 weeks ending 5 January 2013 (2011: 5 weeks ending 7 January 2012)
**52 weeks ending 29 December 2012

Norges Bank > 3%

Final Results Wed 20th.

Canaccord Genuity Hold 518.00 518.00 380.00 485.00 Upgrades

Preliminary Results

SALES UP 4.8%, DRIVEN BY NEW SHOP OPENINGS AND WHOLESALE

· Total sales up 4.8% to £735m

· 100 net new shops opened

· Wholesale and franchise sales contributed 2.8% points to sales growth

· Like-for-like sales down 2.7%

· Pre-tax profit* down 2.2% to £51.9m

· Diluted earnings per share* up 0.5% to 39.0p

· Dividend per share up 1.0% to 19.5p

* before exceptional items: 2012 pre-tax credit £1.4m (2011: pre-tax credit £7.4m)

Oriel Securities Sell 525.50 523.50 400.00 400.00 Reiterates

Liberum Capital Sell 525.50 523.50 - 435.00 Reiterates

N+1 Singer Corporate 525.50 523.50 - - Reiterates

I'm not quite sure what the last one means.

Bang on the 150ma atm.

Interim Management Statement


· Total sales in the 17 weeks to 27 April 2013 up 3.0%

· Wholesale and franchise sales contributed 2.9% to overall sales growth

· Own shop like-for-like sales in the first 17 weeks down 4.4%

· Improved trend in latest two weeks: like-for-like sales down 1.5%

· 10 net new shops opened and 59 refits completed

Liberum Capital can't seem to make their mind up today!

Espirito Santo Execution Noble Neutral 428.35 450.00 450.00 Reiterates

Liberum Capital Sell 428.35 418.00 406.00 Reiterates

N+1 Singer Corporate 428.35 - - Reiterates

Liberum Capital Sell 428.35 418.00 418.00 Reiterates

Canaccord Genuity Sell 424.75 462.50 485.00 380.00 Downgrades

Interim results next tuesday 6th August. Wee bit short on volume yet, but worth a punt on a spread bet. Long @ 433.0 tight stop.

Nice bullish hammer on the chart Chris.

If it breaks at 440 into the gap, could be a lovely trade set up here. Waiting first for non farm pay rolls tomorrow in US.

Friday :-)

Sausage rolls all round if it breaks resistance @ 440.0 :O)

SUGAR its turned blue as that candle. DRAT.

That's 440.0 breached, volume still a bit worrying. Stop to entry for risk free trade.

Itl be sausage rolls alround Chris just you watch.

Hey them flat cornish pasties are brilliant. Get some mushy peas and a bit of that chip shop curry on and a thick wedge of bread and your away. Lovely.