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

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.

Aye gf, fingers crossed mate, never bought as much as a cup of coffee from them to be honest. There are six of them in Aberdeen, never seen one empty. Just trading the chart.

I always think class Chris, same as M@S, Waitrose, Laura Ashley......etc etc.

Extra large mushy peas if we do well on results day.

BLOODY HOT TONIGHT.

Sadly at the moment mam chart only covers last 10 years. If you look at skinnys chart post 33 on 19.05.11 chart goes back to 1990 and imo gives a better view of actual trend to date.

This one ?

Thanks skinny, how did you get that up, i'm hopeless? :O)

Chris - edit the html to change the number of years.

Right, cheers skinny.

Interim Results

GREGGS TO RESHAPE BUSINESS FOR FUTURE GROWTH

Financial highlights:
· Total Group sales up 3.4% to £362m (2012: £350m)
· Like-for-like own shop sales down 2.9% resulting in pre-tax profit down £4.6m to £11.4m (2012: £16.0m*)
· Net cash generated from operating activities £24.7m (2012: £14.2m)
· Dividend per share 6.0p (2012: 6.0p)
· 90 shop refits (2012: 64); expect 220-240 during year as a whole
· 19 net new shops opened; expect net 20-30 during year as a whole

* 2012 figures restated to reflect the adoption of IAS19 (revised)

Strategy update:
· Priority to return core business to like-for-like growth by focusing on products and services for the 'food on the go' customer
· 'Food on the go' market is £6 billion** and growing
· Improve the quality of our existing estate:
- Increased rate of shop relocations
- Accelerated refit programme with one 'Bakery food on the go' shop format
- Limited net shop additions for 2-3 years
· Further growth of franchise operations
· Driving efficiency and capacity from existing supply chain network
· Significant investment in processes and systems
· Building the platform for long term sustainable profit growth

** Allegra

Yep was kind of worried the hot weather might impact sales and profits.

Hope Chris hasnt been hit too hard.

Im holding Thorntons and Im a bit worried sales are going to be hit their with the warm weather.

No I got out yeterday mate, was trading the chart. Looked quite promising initially.

Interim Management Statement

IMPROVED TRADING IN LINE WITH EXPECTATIONS


· Total sales up 3.6% for the 13 weeks to 28 September 2013, like-for-like sales down 0.5%

· Year to date total sales up 3.5%, like-for-like sales down 2.1%

· Estate improvement programme on track: 141 shop refits completed year to date; on track for record 215 refits in full year

· Re-shaping of estate ahead of plan: now expect no increase in net shop numbers as openings match closures