Restaurant Share Discussion Threads

[che7win] 18/8/2016 09:39

Retail sales figures rise sharply (up 1.4%) in July.

[tsmith2] 18/8/2016 09:28

Feels like plus500 again

[tsmith2] 18/8/2016 09:27

Inflexion point to £5. Short unravel..?

[che7win] 17/8/2016 16:48

230k buy, Bulls in control here.

[tsmith2] 17/8/2016 15:57

Feels like this is being massaged as desired, buyers in total control

[che7win] 17/8/2016 13:53

Sounds promising, more staycations I should think and foreign tourists.

[philanderer] 17/8/2016 13:28

Today`s London Evening Standard front page...

[philanderer] 17/8/2016 13:21

che,

I was looking at the guidance given on 29th april with the trading update. Hopefully it will be at the top end ;-)

"In the short term, we do not anticipate any improvement to underlying like for like trends and, on this basis, we now expect full year like for like sales to be down between 2.5% and 5.0% which would translate into full year profit before tax in the range of £74m to £80m."

[che7win] 17/8/2016 12:01

Phil, "Current TradingThe Company will announce its Interim results on August 26th. The business continues to trade in line with previous guidance. An update on the operating strategy review will be given at the Interim results."I guess it's the operating strategy you mean, or maybe the dividend?

[philanderer] 17/8/2016 11:56

Interims next friday , hopefully no shocks .

[tsmith2] 17/8/2016 10:57

Could well spoke towards £5

[discodave4] 17/8/2016 09:37

Market flat today awaiting UK unemployment data.Just announced, unemployment rate has surprisingly reduced in July following Brexit. Pundits thought it would go up.DD

[tsmith2] 17/8/2016 09:15

Hunch - that's a sign of a good run to come

[tsmith2] 17/8/2016 07:56

Over 500k at £4.15 yesterday

[mashman] 16/8/2016 08:23

Ivor Jones, of Peel Hunt, said: “We believe it is also encouraging that McCue has led a business through a takeover, which may be in the medium-term future for Restaurant Group.”

Speculation is suggesting Apollo Global vs Honey Capital.

[philanderer] 15/8/2016 17:31

Ivor Jones, of Peel Hunt, said: “We believe it is also encouraging that McCue has led a business through a takeover, which may be in the medium-term future for Restaurant Group.”

[che7win] 15/8/2016 14:41

Numis analyst Tim Barrett said the executive change was an "excellent appointment", and expects the company, which runs Frankie & Benny's and Garfunkel's restaurants, to reach the low end of the broker's full-year forecasts.

[che7win] 15/8/2016 14:39

(ShareCast News) - Canaccord Genuity has raised its rating on Restaurant Group to 'buy' from 'hold' and lifted its target price to 550p from 276p.The broker said the upgrade on the owner of Garfunkels follows the replacement of chief executive Danny Breithaupt with Andy McCue, former chief of Paddy Power. The ousting of the CEO comes after a string of profit wanrings and a share price collapse."New CEO Andy McCue was CEO of Paddy Power where he embedded a new growth strategy which delivered record revenues and profits, as well as playing a main role in the merger with Betfair," Canaccord said.Canaccord said the executive team has also been strengthened by the appointment of Barry Nightingale as chief financial officer and Spencer Ayers as new managing director for its Frankie & Benny's business.Looking ahead to the company's strategic review on 26 August, Canaccord said: "We highlight a checklist of actions that investors should expect to read in the review: exit poorly performing sites, continue to develop the brand portfolio, reposition Frankie & Benny's, reduce and re-direct capex, improve digital marketing capability, reduce the overheads, review returns to shareholders including share buybacks."Canaccord said the problems Restaurant Group faces are "not unique" but believes that the business is "fixable"."Maturing brands inevitably require constant innovation and occasional reinvention and there are many positive case studies in the market that suggest it can be done."Shares fell 0.24% to 416.70p at 0949 BST on Monday.

[che7win] 15/8/2016 14:30

Barclays Likes "Credibility" Of New Restaurant Group CEO...

[tsmith2] 15/8/2016 14:20

She wants to go up

[philanderer] 15/8/2016 09:21

updated:

15th aug JP Morgan neutral tp 330p
12th aug Peel Hunt hold tp 380p
12th aug Canaccord buy tp 550p
12th aug Panmure hold -
12th aug Barclays equal weight -


12th aug ++++ new ceo announced ++++

[ayl30] 14/8/2016 14:49

London tourist traffic up 18% on last year post Brexit (F TImes)- should be good for RTN with all those tourists

[bend1pa] 13/8/2016 14:28

Oh dear! when IC recommend a stock, it usually turns out to be a curse. Let's hope this is one of the exceptions.

[philanderer] 12/8/2016 23:34

Investors Chronicle TIP UPDATES:

It’s the start of a new era for Restaurant Group (RTN). Not that Danny Breithaupt’s tenure as chief executive lasted all that long. Mr Breithaupt joined the company as far back as 2001, but took over the top job in September 2014. But since that point, the group’s share price has lost a significant amount of value, down 40 per cent alone just year-on-year, which has forced the board to re-evaluate its options.

In short, Mr Breithaupt is out and Andy McCue - former chief operating officer and interim chief executive at Irish gambling group Paddy Power - is in. The shares have responded well to the news, up 10 per cent in early trading, so we’re hoping recovery is on the horizon. Buy.

[philanderer] 12/8/2016 21:06

Telegraph market report:

On the mid-cap index, Restaurant Group enjoyed its best day in more than seven years after the under-pressure Frankie & Benny’s owner ousted its chief executive Danny Briethaupt, replacing him with the former boss of betting company Paddy Power. Andy McCue will join the group on September 17.

Ivor Jones, of Peel Hunt, said: “We believe it is also encouraging that McCue has led a business through a takeover, which may be in the medium-term future for Restaurant Group.” Shares leapt 40.9p, or 10.9pc, to 417.7p.