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Real-Time news about Indian Rest. (London Stock Exchange): 0 recent articles
|stuart14: To see the share price go up, we need significant and continued buying. That is where my issue lays. In this market what would cause that. I can't see much. They certainly aren't a take out target, hedge funds etc wouldn't touch it, so it will be down to interest from PI's. Not sure what will bring them here. I'd like to see management start to take this seriously.|
|stuart14: Centralised Kitchen, bulk produce buying, usual economies of scale savings. If they have the same menu, decor, cutlery, training for staff etc U.K wide it would potentially be a very good business.
My worry is the directors sit around for the next 2 years, taking all the spare company cash as salary and then wind it up.
The reason the share price doesn't reflect the companies cash balance is simply because the only people who can control that balance, at the moment, are acting in their own self interests over there shareholders.|
|stuart14: With the 2 at the top taking £490k per year in salaries between them, at the current rate they are O.K for the next 2 years. Think the directors need a long hard look in the mirror, sure they need rewarding, but not at the expense of the business.
Shareholder information is poor. They never even bothered telling the market they'd opened the Redhill Office.
However, the share price currently is pricing in a pretty poor future, so any surprises should come to the upside. Nice to see new posters here too.|
|goliard: The massive fall in share price is due to the fact that they are losing substantial amounts of money and are seeing profit margins eroded. This is clear from the last results. A loss making, cash consumptive business that is warning about lower than expected demand and falling margins is a prime candidate for going into administration - hence people selling what stock they own.
The recent flurry of posts looks like an orchestrated 'pump and dump' to me, but if I'm wrong then apologies to all involved.|
|robandkerry: The initial feedback from the brand development from our customers has been
positive, but it is clearly early days and the results will be measured over a
period of time.
To mitigate the impact of the economic climate, coupled with the downturn in
consumer spend, we embarked on a range of promotional activities including
two-for-one offers and internet-based discount coupons, which have produced
varied results. Overall the promotional activities have helped us to maintain
our sales but clearly they do impact negatively on profit margins. The
competitive landscape is changing, with very strong discount offers from other
restaurant operators and in order to retain and grow our customer base we will
need to continue the promotional offers in line with our competitors.
we have adopted a cautious approach to expansion in the light of current
conditions, we continue to believe in the outstanding medium-term potential of
rolling out a chain of branded Indian restaurants in the UK.
It seems to me that they are struggling like everyone else. I think they will be closing restaurants rather than opening them this year.
Im sure this company has potential, but I can forsee a poor set of results this year and the share price to go much lower than it is now.|
|the big fella: Share price does better when we don't post. Sssshhhh.|
|stuart14: Yep you are wrong. Blue Star Capital are in the placing Doc.
As for the unit cost for BB, bear in mind the 17 takeaways are not full units, they have no restaurant or seating, just a desk and phone for pick-ups /take aways.
The beauty of BB was the Centralised Kitchen, all food cooked in one place and then sent out to the units where they are reheated before delivery. Not high end eating by any stretch but it keeps the economics low.
IRGP were also after BB, shame they didn't get it. They also plan a centralised kitchen in the future.
Clearly we've stumbled early on, the market isn't going in our favour, but I truely believe these guys are taking a professional attitude towards expanding the business. It is a challenge, clearly priced as such, but if they can overcome it they will have a good viable business on the back of it.
I'm wondering whether the next step for IRGP would be a takeaway business. The unit cost will be tiny, all you need is a basic kitchen and a waiting area. They can take food cooked from one of the restaurants during the day (during the quiet period) and heat it up there for the busy delivery time in the evening. One of the resaurants is clearly quiet during the day, turning that into the centralised kitchen would make sense. 17 takeaway units would easily be acheivable over a short period. If we would be valued at £4.4m then you'd be looking at a 60p share price!!|
|the big fella: NTV
Why don't you phone the company yourself? Also how many shares do you own. You have been highly critical of this deal from the outset (rightly so based on the subsequent share price performance) so I can't believe you didn't sell up?|
|ntv: now strip out the goodwill for the business
would you pay £1m pounds each of these outlets
you don't own the freehold and you have to take on the debt as well
now you stripped out the goodwill you will see a totally different balance sheet
a business with huge debts which we as share holders paid £100,000 for plus diluting amout of shares for an initial £1.38m was it not?
now you can see what iam banging on about and how we got screwed
that is why the share price is so low
how can a resturant business with just 3 outlets have £2.8m in trade debt
thats an awful lot food and new cutlery that has been purchased!
what else is in there?
there is no break down
ask yourself why?|
|the big fella: No it sure isn't pleasant, but hey it's only money. Pretty much as I thought. As for share price there has been a large seller in the wings all the way down. I suspect they are lowering their limit hoping to flush out buyers. But as you say no one is buying shares except the very brave or fool hardy. Although on the face of it this is being priced to go bust, it is in the wrong sector at the wrong time. We will just have to wait and see what deals they do and how the existing units are trading at the next results. I don't expect them to be great but if they can survive the next couple of years they may come out the other side in a healthy position.
A bit too many if's and buts for my liking but there you go.|
Indian Rest. share price data is direct from the London Stock Exchange