Restaurant Share Discussion Threads

[pj0077] 25/8/2016 10:34

As per the statement two weeks ago:

"Current Trading: The business continues to trade in line with previous guidance. An update on the operating strategy review will be given at the Interim results."

No rights issue tomorrow.

[philanderer] 25/8/2016 09:39

Luck with those guys.

I`m holding on to my remaining 2,000 shares for now.

Maybe dividend cut, maybe rights issue , who knows ;-)

[che7win] 25/8/2016 09:35

Sold last remaining this morning, watching for now.

[tsmith2] 25/8/2016 09:15

Decent of hope factored in. Let's see what tomorrow's result bring..Out for now

[philanderer] 25/8/2016 09:02

Should have dumped the lot by the look of it . That`s -6% this week now.

Nerves before tomorrow`s interims.

[philanderer] 25/8/2016 08:47

Yep agree, I sold half my holding yesterday.

Morning everyone.

[tsmith2] 25/8/2016 08:19

Sensible to take some profit

[che7win] 24/8/2016 12:05

A lot in the price, I've sold some and moved into BWNG.Will keep the rest for the results.

[philanderer] 24/8/2016 11:30

Misssed this from yesterday`s Times newspaper...


The Times' Tempus column suggested avoiding shares in The Restaurant Group, arguing the market appeared to be already pricing in any recovery.

The column pondered how much difficulty the company was in following three poor trading updates this year, along with the departure of its finance director and chief executive.

All would be revealed on Friday, Tempus said, when The Restaurant Group issued its interim numbers. Analysts were anticipating a cut in dividend.

"The company has already scaled back the number of new openings from 45 a year to perhaps 30, and further cutbacks are likely," the column wrote.

"There will probably be some disposals and further cost-cutting at head office.

"It is unlikely there will be more wide-ranging initiatives until Andy McCue, the former chief executive at Paddy Power, arrives next month, even if some are speculating about a possible break-up of the group."

Tempus asserted that the problem was almost entirely at Frankie & Benny's, whose 260-odd sites totted up to about half of the group.

"This is a tired format, and one option is to convert some to others, such as the expanding Coast to Coast chain."

The column said Frankie & Benny's was suffering from rivalry, pricing difficulties and an over-expansion that had seen new restaurants competing with those already existing.

Tempus said The Restaurant Group's shares had been a disaster area.

"After trading solidly at about the £7 mark, they plunged to little more than 250p last month and, after some recovery, fell by 3.5p to 420.5p in yesterday's soggy market.

"They sell on almost 15-times' earnings, which suggested the good news is already in the price "

[philanderer] 22/8/2016 00:28

So Canaccord reckon it should be a 20% divi cut ?? And they've got a 'buy' and 550p target on RTN.

I think they`ll cut but not by that much.

A few paragraphs in The Observer Business section today questioning if the new CEO is up to the job.

[mashman] 21/8/2016 11:53

Frankie & Benny’s owner takes slice out of dividend

[discodave4] 19/8/2016 19:28

Oops typo...I wish!, that was PSN not RTN!.RTN 200 SMA is now 456.DD

[discodave4] 19/8/2016 19:26

200SMA is 1901.DD

[philanderer] 19/8/2016 17:02

Very good .. +7p on the week :-)

[andrewhbruce] 19/8/2016 13:01

Where do we stand on the 200 day ma?

[tsmith2] 19/8/2016 08:52

Another rinse and rise day?

[rimmy2000] 18/8/2016 21:07

they wont find my stops.. none set on this one. its a keeper for either turnaround, or takeover. either way, the tables have turned.

[philanderer] 18/8/2016 15:28

Big old shake :-)

[che7win] 18/8/2016 14:55

Another attempt to harvest some shares with that drop, seems they are finding it difficult getting them?

[henrik viking] 18/8/2016 12:09

I do believe the New CEO will kitchen sink the forecast and completely change the shape of the company .
The Airport business will continue to benefit from the dwelling effect
The gastro pub division continues to expand
However we might see some further charges/ closure in the Frankie Benny division .
Post the very successful leadership of Mr Page the company has as we know been in heavy decline for a year or two.
The new CEO will most likely receive very cheap out of the money options
And I think he will do what Mr Soames did at Serco.
Profit warning / rights issue and then start again

[henrik viking] 18/8/2016 12:08

I do believe the New CEO will kitchen sink the forecast and completely change the shape of the company .
The Airport business will continue to benefit from the dwelling effect
The gastro pub division continues to expand
However we might see some further charges/ closure in the Frankie Benny division .
Post the very successful leadership of Mr Page the company has as we know been in heavy decline for a year or two.
The new CEO will most likely receive very cheap out of the money options
And I think he will do what Mr Soames did at Serco.
Profit warning / rights issue and then start again

[che7win] 18/8/2016 10:14

Good weather and "staycationers" helping retail sales. BoE risk inflating a mini economic boom pre-actual BrexitWe have been suggesting that here....

[che7win] 18/8/2016 10:12

Tsmith, Agree, it looks like wanting to go to 500p from here.

[tsmith2] 18/8/2016 09:50

U.K. . Retail Sales Surge as Hot Weather, Pound Drop Fuel Spending