Professional
Added to YB: 2026-01-09
Pitch date: 2026-01-07
SSPG.L [neutral]
SSP Group plc
+0.77%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
SSP Group plc operates food and beverage outlets in North America, Europe, the United Kingdom, Ireland, the Asia Pacific, Eastern Europe, the Middle East, and internationally.
Market Cap
GBP 1.6B
Pitch Price
GBP 1.94
Price Target
N/A
Dividend
2.08%
EV/EBITDA
5.27
P/E
-21.72
EV/Sales
0.99
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Are You A European Company With An Indian Subsidiary? IPO It! - SSP Group Plc
SSPG.L (overview): British concessionaire w/ thin margins, high capex, declining performance (shares -33% over decade). However, owns 50.01% of Travel Food Services (Indian airport ops) worth GBP 640M (40% of SSP's GBP 1.6B market cap) - an 11x return since 2016 GBP 58M investment. Activist buyout rumors.
Read full article (2 min)