Individual Rest Share Discussion Threads

[ialwayswinatmonopoly] 27/4/2007 12:05

Looks like the activity at the back of last week and the beginning of this were between individual whos transactions have to be registered to the Stock Exchange. However, the trades over the last few days have all come from stock held by Market Makers which has thus pushed the price up.

Having spoken to my broker last week there was only 5K shares available to buy at 154p & 10K at 156p so it is no surprise that as soon as demand for MM's stock is made the price will be pushed up.

Only a very small amount of stock is available in this and any large orders have to be filled by Brokers working the deals.

My guess is that the price will fall back within a few days, to once again resume the boring flat-line trend.

[kluk069] 17/4/2007 01:37

3% of the company going through in a day with no price drop - sign of reawakened interest from earlier in the year perhaps??

[ialwayswinatmonopoly] 10/4/2007 10:25

I would guess that it's just a few positions been opened to cover some CFD's on the back of the price drop.

Activity in this share is too infrequent to determine the shareholders sentiment on subtle trades.

[kluk069] 06/4/2007 04:58

Activity has certainly picked up over the past week - any interpretations?

[ialwayswinatmonopoly] 05/4/2007 11:29

The management is excellent

Their market place within the industry is the fast growing (estimated 9% for 12mths from December 2006)

The brand is amongst the strongest in the premium dining arena

Yet the price drops.

I suppose the analyst are wanting firm evidence that they can expand at a controlled and profitable rate. This won't materialise (the evidence that is) until the next results. In the meantime the air will continue to seep out of the share price.

[kluk069] 27/3/2007 00:40

Minimal activity of late and results now released - unless I'm missing something irc doesn't appear cheap enough to attract significant attention.

Prove me wrong by all means, but interest is rather too well hidden for my liking!

[ialwayswinatmonopoly] 22/3/2007 16:49

Results out on Monday. Anyone got any comments?

I suspect that they will be better than previous years due to additional sites but hopefully the results will come with an update on developements of additional sites and what progress they are making with their plan to open the other 6 site anticipated.

[ialwayswinatmonopoly] 05/3/2007 16:33

And just as I write the bid price drops 2p. Doh!!

[ialwayswinatmonopoly] 05/3/2007 15:10

Share price holding firm in this volatile market.

Results out at the end of the month. Should prove a good insight into where the company is and hopefully will accompany a trading update/outlook.

[ialwayswinatmonopoly] 01/2/2007 17:59

Looks like someone has built up quite a taste for these shares. 600K shares thrown into the order books and still the buyer is not registered. Looks like the brokers are doing a good job at filling that order though. Over 600K shares at 150p bid.

Will be interesting to see who's behind the order.

[meshiey] 31/1/2007 13:48

from citywire

[chicken] 31/1/2007 09:29

Excellent!

RNS Number:4162Q
Individual Restaurant Company PLC
31 January 2007

Individual Restaurant Company Plc

("IRC" or "the Group")



Trading Update



Individual Restaurant Company, the operator of 24 premium casual dining
restaurants throughout the UK which predominantly trade under the Piccolino and
Restaurant Bar & Grill formats, today announces that it has experienced strong
trading for the five week Christmas trading period to 31 December 2006.



Compared to the same period last year, total sales were up 30% across the entire
restaurant estate. Sales increased by 59% at the 17 Piccolinos and Restaurant
Bar & Grill formats, whilst the Bank and Zinc estate was down 2%. The growth in
sales was driven, in part, by six new openings completed during the year. Five
new Piccolino restaurants were opened in Nottingham, Newcastle, Virginia Water
and Wandsworth and Wimbledon in London, as well as the Group's fourth Restaurant
Bar & Grill in Leeds. The Group also experienced a strong performance from its
like for like estate.



The IRC and Bank companies were officially combined on 22 December 2006
following admission of the enlarged group to AIM following the acquisition and
fundraising. The integration of the two companies is currently underway and
progressing well. Plans to introduce our key business drivers into the Bank and
Zinc sites are on track to be in place by the end of March. In addition, plans
to transfer the Group's accounting function to Head Office in Manchester are due
to be completed one month ahead of schedule.



Looking ahead, the Group plans to open six new restaurants in the current year.
Three of these new sites have already been secured for Piccolinos in Sheffield
and Didsbury and for a Restaurant Bar & Grill in Liverpool. These will be open
by July 2007.



The Board is also pleased to announce the appointment of Angus Gregory as
property director for the Group at an operational level. Angus has a wealth of
experience from The Restaurant Group and latterly, Nandos. His principal role
will be to identify future sites to satisfy the Group's expansion plans going
forward. Angus joins the Group with effect from 1 April 2007.



IRC will be releasing its preliminary results for the year ended 31 October 2006
on Monday 26 March 2007. Going forward, results are likely to be produced
within a shorter timeframe, in line with industry best practice.



Steven Walker, Chief Executive of IRC, commented:



"I am delighted to report such positive trading over the Christmas period and
continued progress with the integration of our two companies. We remain on
target to have completed three new openings in the first half, as well as
converting Zinc in Heddon Street to a Piccolino format. We continue to see the
Piccolino brand as the principal growth driver for the Group's expansion going
forward however we are also having great success with Restaurant Bar & Grills
and will continue to roll out this concept on an opportunistic basis."



31 January 2007

[ialwayswinatmonopoly] 26/1/2007 10:29

The market makers have a pyramid stock pile, which means that they have an allocated amount of stock at each price. Once the amount of stock has been stripped out at a certain level (i.e., bought and not replaced by sells) then the price at the next level of stock is triggered.

Let's say that the stock levels were 100,000 at 158p, 80,000 at 159p & 65,000 at 160p. The less number of shares are in the MM's hands then the higher the share price. Now, if all but 1,000 shares remain at the 158p level and you wanted 10,000 shares then you will be quoted 158.9p for your order (i.e., 1,000 at 158p & 9,000 at 159p).

That's why you sometimes see no trades for days and then an a single 'buy' order for a modest 1,000 shares goes through and the price suddenly jumps up a penny! This is because all the shares at that level have now been taken up and the share price automatically moves to the next stock level.

If, as we have seem in recent weeks with this share there appears to be a considerable amount of selling and the price doesn't drop then this is either due to the MM's been happy to have a better position with the stock or and perhaps more sceptically there is a huge order in the hands of a broker/Market Maker and the sold shares are filling the massive order (only when the order is filled will the 'buy' transaction be released to the public and depending on the size of the 'buy' order then the identity of the purchaser is also revealed (i.e. notifyable interest).

[chicken] 25/1/2007 12:43

i think there is a few sales this morning no drop where as a few buys and it starts moving up

[ialwayswinatmonopoly] 24/1/2007 15:28

Mmmmmm! Maybe, just maybe a broker has got a LARGE order to fill...

[chicken] 24/1/2007 15:08

380k B trade broker to broker?

[chicken] 24/1/2007 11:55

Cinvinced there is a big buyer and MM's are short of stock now.

[chicken] 24/1/2007 10:42

im not sure all those recent trades we sales as the price didnt move at the time, definatle seems to be a shortage imo.

[ialwayswinatmonopoly] 24/1/2007 10:11

Whooooa! - Major stock shortage. This is gunna fly.

5...4...3...2...1...

[Abuse team] 24/1/2007 09:54

Post removed by ADVFN

[meshiey] 24/1/2007 09:54

obviously not updated for extra shares issued

[chicken] 24/1/2007 09:05

Why is ADVFN showing market cap of £3.1m?

[ialwayswinatmonopoly] 23/1/2007 12:45

I'm not 100% sure but I think there is currently 37m shares and at the current (mid) price (151p) this caps the company at approx., £55M

[chicken] 23/1/2007 08:44

How much did BNK pay for for the new business? i notice the new combined group is still valued at the pre aquisition level of £3m which surley doesnt make sense?

[chicken] 18/1/2007 16:57

large T trade at the close looks like MMs have been filling orders?