Pizzaexpress Share Discussion Threads

[pommy] 05/7/2002 13:07

bigboyo - 02 Jul'02 - 14:30 - 17 of 20


with most of us eating out at least 3 to 4 times a week --- with at least one of these being a pizza --- how can the long term be negative

I think you will find less people ar eeating out, and if they are its based on a false feeling of wealth coz their house has gone up in value.
Many people are starting to feel the pinch thru loss of jobs, loss in value of their investments etc. Even the retail figures were hit last month.
I think in a years time the number of people eating out will fall!

They maybe oversold at current prices and i may look to pick some up for the short term, but over a longer period i think they are not far short of fair value!

[-----] 05/7/2002 13:03

Rang my broker about this one - still gives me advice even though I have no trades to fund with. He reiterates "strong buy" on very strong fundamentals. 1% fall in like for like sales did not justify a price drop of 33% and so there is lots of ground to make up. I think he's right and people are now realising this is a strong buy.

[-----] 05/7/2002 11:47

Just wish I had some money to buy these as they're a bargain. Did anyone go to a conference last September at the Olympia centre where an american broker told us what to look for in a stock ? His tip was Pizza Express - cash rich, cash generative, high profit margin, solid clients. These shares are certainly oversold and will be back over £5 imho. The prospect of a £1-£1.50 special dividend is still around the corner.

[ydderf] 03/7/2002 14:12

bought another slice today - this is a luvverrlly day for eating out imho !!!!
quality and cash earnings for a p/e of 11, there is nothing tastier.....

[bigboyo] 02/7/2002 14:30

with most of us eatijg out at least 3 to 4 times a week --- with at least one of these being a pizza --- how can the long term be negative

the average bill for a 2 course meal and a bottle of wine won't be more than £25--- hardly breaking the bank

this is one to tuck away for the grandkids -- who will no doubt in years to come tuck into a pizza express pizza !

[marty_poyt] 27/6/2002 08:53

At a P/E ratio now of 12 this seems excellent value. I'm buying for the long term.

[indalo] 25/6/2002 00:17

Also stopped out a few weeks back at 655p......May go long again at some point..The share buyback should help make this look cheap IMO

[zzaxx99] 24/6/2002 11:03

"PIZZAEXPRESS PLC
PRE-CLOSE TRADING UPDATE
PizzaExpress PLC, the restaurant group, today announces a pre-close trading update. In line with current best market practice PizzaExpress intends in future to issue quarterly trading updates.

Like for like sales in Pizza restaurants across the UK and Eire were +1.5% in the third quarter but have deteriorated in the fourth quarter. The company expects the overall like for like sales for the second half of the year to be around 1% negative.

The company attributes this performance to ongoing tough trading conditions in London, where some of its largest restaurants are located, and a weakening of sales growth in the fourth quarter outside of the capital. The company also expects its tax charge to be higher than normal due to the reversal of a tax deduction relating to share option schemes. This will add approximately £700,000 to the tax charge for the year to 30 June 2002."

From

[hilary] 24/6/2002 11:01

Good morning Humbugg,

Slightly different view here, I'm afraid to say. I believe there'll be no shortage of idiots happy to buy this back up. Once they do, I'll be looking to short it.

Hil.

[humbugg] 24/6/2002 10:56

Stopped out of this a few days ago for a small loss. Watching and waiting to long. Im hoping for some negative press and further lows first.

[intuitive] 24/6/2002 10:34

Considerable drop today. A report appears on citywire saying that there has been an announcment by the company and a slowing of like for like sales. This does not appear on my advfn screen. Does any one have the actual statement?

Thanks.

[indalo] 29/5/2002 00:44

Moving again today...Next leg upto £7??

[keeps] 23/5/2002 09:58

Long term buy recommendation in Shares Mag today.

[ydderf] 21/5/2002 10:40

bought at 653 and 660 today..........luvvveerrrlllllyyy!

[indalo] 21/5/2002 10:07

Moving again today already....This has definitely bottomed out IMO....Strong long term support at £6.20ish and a solid business with an excellent offering and serious growth potential..Also like the way they're diversifying into pasta bars...This is a no brainer for £7.50+ IMO....

LOOK AT THE CHART!!.....This always recovers from dips FAST!

[indalo] 20/5/2002 15:50

Really starting to move now!!..Could see £7.50+ very soon IMO.......Ate in the 7oaks branch the other day....Once again, packed out, excellent food&service...Fears over this company are WAY overplayed IMO..London is a tough market at present for ALL caterers including the coffee chains, but this will pick up as we head towards British summer....

Lots of tourists delayed a trip to the UK last year 'cause of Foot&Mouth...This year should be very busy IMO

[keeps] 16/5/2002 22:31

Hope you are both right - bought on Monday at 648p.

Looking at the 5 year chart the support line that I see runs from right back in 1998, taking a few hits along the way - so hopefully it is pretty strong.
Also current RSI(14) suggests that the stock is oversold.

Good luck.

[indalo] 16/5/2002 09:08

H,

I ate in the Charing Cross one the other week. Food, service and atmousphere were excellent and the place was packed out!!

I think they're a class act and this is a buying opportunity. Plenty of growth left to come. They have a superb offering...

H, just bought a few Enact (ofex)...Stonking announcement today...Looks very cheap IMO.

[humbugg] 16/5/2002 09:04

News,

I agree its oversold, the 2 year chart has support just above £6. I like the business as well.

[indalo] 16/5/2002 08:21

Already moving today!.....Target £7

[indalo] 15/5/2002 16:17

Had a good look at PIZ today. It looks oversold on current trading fears. The business is sound, has FAR better margins than ASK (12-14%) at 20%, and growth prospects are still strong.

The worry is that they are overexposed to London which is experiencing a slowdown in tourism. However, Expresse's prime locations and unique offering will ensure buyont trading IMO. These have fallen from £8+ to £6.40 on a note by Numis which IMO overplay the London effect. (London accounts for 20% of group profits).....

There is good growth from Airports, Pasta cafes etc....

On a PE of 16 (2001) and it is reasonably priced. Current estimates (after downgrades) put it on 14-15ish for 2003. IMO we are simply seeing a temporary slow down in growth due to Sept11th. The success story will return!!!

If in doubt look at the 3-5 year chart. This stock recovers almost as soon as it's hit bottom, which is where we are now IMO.

There is long term support at 615p.

The FD has been nibbling too!!

[emporio] 24/4/2002 11:10

cheers for the info BYRDSONG

[byrdsong] 23/4/2002 15:47

emporia

I use City Index for cfds and IG mainly for spreadbets. They r both in line with industry average for comms/spread.

[emporio] 23/4/2002 11:38

BYRDSONG
WHAT BROCKER DO U USE MATE TO DO SHORT

CHEERS