Carluccio's Share Discussion Threads

[fugwit] 03/2/2010 12:52

I wonder if that is the unit referred to in the notes of last results, I thought franchisee took on property lease but could well be mistaken. Anyone else have an insight?

I still expect to see this swing lower, stochastics on weekly and daily pretty high. A break above the 100 day moving average would be an excellent sign for the longs. The results could see the move either way to help decide.

Good luck all.

[spaceparallax] 03/2/2010 11:36

Interesting. Good to see that the management are attempting to keep costs as low as possible.

[rbcrbc] 03/2/2010 11:06

Problems were hinted at in the finals.

The Dublin franchise store continues to achieve turnover levels that would position it in the top ten of the UK estate. Nonetheless, onerous lease terms resulting from the current difficulties of the Irish economy mean a significant delay to the development programme. Disappointing though this is, the impact is not material to our business.

It may just be calling the bluff of the landlord, and could reopen within days, but as it is a franchise anyway it probably isn't too much of an issue and they will have learnt some lessons.

Also, it is a bit out of town, and a new location in the city centre may be better for the second attempt.

[blued] 03/2/2010 10:42

Dublin cafe to close, hadn't seen this anywhere before. Bit of a surprise as the news from there had seemed pretty positive, perhaps it will reappear?

AGM on Friday so hopefully an update then.

[goliard] 30/1/2010 08:51

Unfortunately yes!. Can't see how how will get to buy in if the damn thing keeps going up!

[spaceparallax] 29/1/2010 16:32

great week

[spaceparallax] 28/1/2010 15:18

looking good

[spaceparallax] 27/1/2010 16:29

trading statements

[fugwit] 27/1/2010 16:28

Spaceparallax: TSs?

[spaceparallax] 27/1/2010 15:31

I don't see us revisiting 60p region - would love the top-up oppo, but simply don't see it happening. I'd suggest C80p as our new support, with potential for a rise above £1 with solid TSs.

[goliard] 27/1/2010 14:53

Thanks for the analysis, it is good to have a chartist on the board.

[fugwit] 27/1/2010 13:51

That is one of the beauties of this outfit, the menu is very well priced, of course ingredients bought in Euros adds a level of complexity but as per S. Ken people still want to eat out but have less discretionary spend with which to do so....I don't see that changing for at least a couple of years.

60p might sound hopeful, I have been surprised how well this has held up in the recent sell off. Looking at the chart the 100dma has now turned down. Support levels are 78, 74, 70, 63 and then we are into an interesting zone. A break below the 200dma at approx 78 would be significant imho. The fact we have only retraced to the 23.6% mark which is someway behind the broader indices.

Half the battle is remaining patient when you find something you like, fingers remain crossed as there is good enough story here to see it go higher and in the interest of fairness the chart shows resistance at 92 and 99 thereafter I would expect a run up to 107 and then the 38.2 retracemetn at 121. Good luck all.

[goliard] 27/1/2010 09:42

Seems like we are all in agreement here. I would like to see a drop before buying in, although below 60p sounds hopeful to me I would love to see it. Went to the Richmond restaurant recently and also South Kensington. Both are fairly busy, especially South Ken as it is one of the few cheap places to eat there. Richmond was a little disappointing (advertised 'thick creamy soup' as a special was neither thick nor creamy and was pretty terrible), but main course pasta was good. The lack of debt makes these attractive, but it is hard to see enough upside from the current 84p bid price to make it worthwhile.

[fugwit] 24/1/2010 17:54

JM: Somewhere south of 60p. Two failures at 100p and a break below 78p makes me happy enough to wait. I also expect a further major downleg across the board, if right then I expect to see a decent decline here again. Of course I could be wrong and happy enough to wait if needs be.

The widely expected euro decline over the coming year should help margins so hopefully I will get in before then but I cannot see dividends increasing dramatically over the next couple of years so I want a better yield so will have to wait until I can get a price to match. Good luck all.

Had breakfast in the Bicester village unit yesterday, everything good as usual.

[jimmy mcnulty] 23/1/2010 10:08

thanks for the replies. Out of interest what's your target price for entry fugwit? I had 80p on mine for the last few months yet still didn't dive in when it got there - funds elsewhere and all that.

[fugwit] 22/1/2010 19:14

St. CHristopher Place London still busy, Same Canary Wharf, the one at Bicester Village queues out the door all weekend. I did note in the last accounts notes that they have one unit which will not contribute to P&L and has taken impairment charge on lease terms so they are not getting it right everywhere. Not in yet, holding out for a lower price to pop these away for long term or buyout. Looking at the board I feel buyout is a good possibility down the line if they keep expanding, they have done it once before plus have large firm experience with Pepsico. An interesting one to watch.

[spaceparallax] 22/1/2010 15:11

Cambridge restaurant remains good.

[jimmy mcnulty] 21/1/2010 16:40

Gone now, must have been a gremlin in the system. Considering getting a few of these for my SIPP having had them on my watchlist for the last 18 months! It's not that I've been super-patient or anything just fully invested elsewhere.

Anyone been in a Carluccio recently and can share their experience. I went in their Kingston restaurant and the food was good but it was incredibly cramped and stuffy (being in the Bentalls centre) contrasted to the Putney restaurant (last visited a year or so ago) which was airy, food great, service excellent - much better experience.

Anyone a regular visitor and seen any changes of note in the last year or two?

[jimmy mcnulty] 21/1/2010 16:29

Trade just went through: 16:16:59 101.101 53,929 O

Wonder if that will be corrected?

[goliard] 08/1/2010 16:44

Pity - I was hoping to buy in if the price drifted down!

[rbcrbc] 08/1/2010 09:39

Pleasing statement from restaurant group....

[loafofbread] 07/1/2010 20:29

Interesting buying today.

Something out there?

[spaceparallax] 09/12/2009 14:15

I'm surprised that share price retain a glum stance on CARL