Restaurant Share Discussion Threads

[philanderer] 12/8/2016 17:29

8 million shares traded today :-O

[zcaprd7] 12/8/2016 16:15

Well done to those that got in post brexit. I had my eye on these, but got too greedy, and was hoping for a lower entry point...

[gary1966] 12/8/2016 14:53

Bend1pa,

The business has remained very profitable and cash generative and this was ignored by the market as L4L declined, even though overall sales were going up. It was grossly oversold and clearly the city wanted to see a new broom. Clearly the city like the new guy and so can start looking at the fundamental business again. Going by the positivity from the brokers today, hopefully there is much more to come in share price appreciation.

There is also the possibility of a bid as the right buyer will eek out a lot of synergies. That, I don't believe, has been baked in to the share price yet.

Gary

[adobbing] 12/8/2016 14:47

F&B has been a problem for years, yet the company has managed to turn out decent numbers for years.

[bend1pa] 12/8/2016 14:43

W-what happened! Strange how the problems at F&B and their over-reliance on restaurant business at retail parks have been totally forgotten about in 4 short months. That problem isn't going to disappear quickly no matter who replaces the CEO who did take his eye off the ball TBF. I see the new guy's a bookmaker. Ah well that's alright then...problem solved. Well at least the balance sheet was in good shape

[ali47fish] 12/8/2016 14:35

some managers have sold-for me is a dilemma as i feel inclined to sell as well but others as above seem to think otherwise - any comments welcomed

[philanderer] 12/8/2016 13:57

FT Alphaville...

Potential private equity and trade buyers will likely not lose interest until the share pricehas recovered. A trade buyer would have the advantage of having the managementand brands to help restructure the portfolio and it would also be able to capture the synergies of putting two businesses together.

In our view – and as has been speculated in the press – the two strongest candidates for a potential take-over would be the Casual Dining Group (Café Rouge, Bella Italia) owned by Apollo Global Management and Gondola (Pizza Express and ASK Pizza) owned by China’s Honey Capital.

[tsmith2] 12/8/2016 12:22

Canaccord has upgraded RTN to buy with a target price of 550 from 276.They feel RTN deserves a higher rating with a valuation of 680p based on EBITDA.That's a big upgrade because they went from £4 to £2.76Think market was saying change the management no confidence!

[hjs] 12/8/2016 12:02

Excellent appointment of the new CEO. share price has moved up in line with the expectation that he will turn around the company. IMHO, a US company will come in to buy RTN before the CEO comes in on 19th Sept. Volume from now on needs to be watched to see if there is anything brewing behind the doors. With sterling being so low, it makes sense for a US company to make their move before the new CEO steps in.

Canaccord has upgraded RTN to buy with a target price of 550 from 276.They feel RTN deserves a higher rating with a valuation of 680p based on EBITDA.

[che7win] 12/8/2016 10:57

Andy McCue Is "Excellent" Arrival For Restaurant Group

[philanderer] 12/8/2016 09:50

Thanks DD , turned into one of my better ones now .. 4300 x 64p ;-D

[discodave4] 12/8/2016 09:23

No chartist but 200SMA @ 463 could be next resistance. Then there's a gap to fill from the 8th/9th March @ 528.Philanderer - glad your now up and :)..........not a dog now! LolDD

[philanderer] 12/8/2016 09:20

:-)

I bet this fella doesn`t feel so clever now ... reported on Citywire today

Nimmo sells Restaurant Group after profit warnings

[rimmy2000] 12/8/2016 09:08

Well in now

[che7win] 12/8/2016 08:55

Phil, Glad I don't go by broker targets, they were way behind the curve here, still are.Follow the chart...

[philanderer] 12/8/2016 08:53

Peel Hunt retains 'hold'.... increases tp from 270p to 380p

[tintin82] 12/8/2016 08:50

Brilliant nres and a great rise. Sold out way too early myself, but keen to lock in solid profits. Had an initial price target of 4.60 but twitchy finger had the better of me!

[nicksoj] 12/8/2016 08:48

Finally. It's about maximising revenue in prime locations.Boom!

[philanderer] 12/8/2016 08:36

Brilliant news , I`m actually sitting on a very nice paper profit now :-)

morning everyone

[tsmith2] 12/8/2016 08:30

Felt there was something up in the last few trading sessions..this great news

[che7win] 12/8/2016 08:19

Any chart experts, where is the next resistance, 500p ?

[che7win] 12/8/2016 08:14

RTN, market will go mad for these now, turnaround specialists on board!

[discodave4] 12/8/2016 08:06

abarclayThis is the RTN board, do your ramping elesewhere.DD