Restaurant Share Discussion Threads

[philanderer] 26/8/2016 10:57

Investors Chronicle:

IC TIP UPDATES:

Frankie & Benny’s owner Restaurant Group (RTN) has given a frank assessment of what has been going wrong in the past couple of years. Above market price increases, the removal of value offers and popular dishes alongside waning levels of service have eroded customers’ passion for the aforementioned brand as well as some of its other names, such as Mexican eatery Chiquito.

Non-executive chairman Debbie Hewitt said a new executive team had now been hired and Andy McCue, formerly of Paddy Power, would head this up from next month. The review means 33 underperforming sites will close while a £17.8m non-cash impairment has als been taken as part of an asset value write-down on 29 other sites.

The concessions business, which runs restaurants in airports and other travel hubs, is performing strongly and has helped maintain profitability for the group. The dividend is being maintained at 6.8p a share. Buy.

[philanderer] 26/8/2016 10:54

I`'m pleased to see they`ve addressed the closures double quick not even waiting for the new guy to take up his position.

[philanderer] 26/8/2016 10:21

updated:

26th aug Numis buy tp 490p
26th aug ShoreCap buy -
26th aug Peel Hunt hold tp 380p

[hjs] 26/8/2016 10:12

Market has reacted positively and there is more room to move further north. As suggested before, keep an eye on the daily volume and if it exceeds the daily average,then be prepared for a drastic move north with a takeover.

[philanderer] 26/8/2016 08:47

Nice :-D

Morning everyone.

[che7win] 26/8/2016 08:42

Well done all, ignore analysts, they haven't a clue.

[adobbing] 26/8/2016 08:40

Price says it all.

Hopefully now the focus can return to making money and growing the company, rather than reacting to badly informed "so called" analysts who have no idea of what they're analysing.

Have held these for many years (when the price had a 1 in front of it), didn't panic sell and wasn't looking for a short term quick gain.

Short term traders, nothing to see, move on!

[tsmith2] 26/8/2016 08:35

Well done. Guess some of us have a little bit more courage than others.

[gary1966] 26/8/2016 08:30

Market likes them and the outlook.

Didn't sell in the run up to results but can't say I am not slightly relieved at the market's response today.

[tsmith2] 26/8/2016 07:32

Ok-ishThink priced in. Any takeover will prob fizzle outDon't like cost inflation talk..

[discodave4] 26/8/2016 00:40

Sorry make that H1 ~ £34m (not £59m!, it's late zzz).DD

[discodave4] 26/8/2016 00:35

Quick calcs, H1 pbt ~ £59m is likely to mean year end at top end of previous guidance (I think!).DD

[philanderer] 25/8/2016 23:56

Cheers DD ... I sold half on wednesday so fingers crossed for tomorrow ;-)

[philanderer] 25/8/2016 21:01

Well done DD , luck to you as well.

[discodave4] 25/8/2016 18:48

Like others here I'm out from today. This was never a long termer for me and +37% in about 2 months will do....leave some for the next fella.All the very best for tomorrow everyone.DD

[philanderer] 25/8/2016 16:57

Hope for the best but expect the worst.

[henrik viking] 25/8/2016 15:33

With regards to Pizza Express announcement and as discussed , no major restructuring news before new CEO is in place and with the post Brexit rally fizzling out , I would strongly suggest to sell more in front of tomorrow's results .

[philanderer] 25/8/2016 13:57

August 25, 2016 1:26 pm

PizzaExpress sales dip reflects ‘broader slowdown’ in casual dining

PizzaExpress has suffered lukewarm sales over the past year, as the private equity-owned restaurant chain continues to be hit by consumers opting against eating out and instead preferring to use mobile apps to order in.

Reporting results for the full year ending on June 26, the restaurant group said on Thursday that like-for-like sales in the UK and Ireland had fallen 1.3 per cent, which it said reflected “a broader slowdown in [the] casual dining market”.

[philanderer] 25/8/2016 11:59

Agree mashman, that sort of news will be at the back end of september / october at the eaeliest.

Hopefully numbers tomorrow will be at the top end of guidance.

[mashman] 25/8/2016 11:07

Think we may see some disposals if not tomorrow then when the new CEO starts.

[philanderer] 25/8/2016 10:39

Thanks pj , I thought I`d read somewhere there was speculation of one. Just the dividend to sort out then ?