||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Tasty Plc Share Discussion Threads
Showing 151 to 174 of 175 messages
|I agree, che7win. It's hard to justify these being below the placing price, although I do think the 145p level could halt the upwards momentum we are seeing now for the time being. At least until we get more news from the firm, perhaps.|
|The share placing in November had directors and institutions lapping these up at 145p.
At todays share price, it compares very favourably with the likes of RTN, FUL, even CAKE.
Forward P/E around 15 and PEG 0.5, 30% growth assumption this year.|
|First pause around 130 and then 140 maybe?|
|Nice, bottom in?|
|Been liking the falls, I'll have some back after selling these last year.|
|Looking over-sold here to me.
No room left in pants so time to fill boots?|
|Restaurants Face Brexit, Taxes and Pound in 2017http://www.bloomberg.com/news/articles/2017-02-16/london-restaurants-face-brexit-taxes-and-pound-in-2017|
|I make it around forecast P/E 15 now, with 2016 earnings around 6p.|
|What level does the Sp have to reach before we have a P/e of 15?|
|P/e 15, it's getting there|
|On my Watchlist. Now down by 11% against the recent placing price of 145p !|
|All good here LBO :-)
I don't own these, having sold in the 180's, but on my watchlist.|
|So much for the zero discount!|
|Not sure where this will end.
It is quite illiquid and there are clearly worries regarding input price rises and increased minimum wage costs.
The worries may be groundless though which at some stage will make this a buying opportunity.|
|Market showing a discount|
|It's quite impressive to raise money at zero discount LBO.|
|No wonder it's been falling all year and calling it a Zero discount is highly questionable looking at the share price performance over the last year.|
|Placing at zero discount and one of the chief execs has bought about £1.5m worth of shares at the placing price (145p).
|Yes, the write-offs were not great, but management has taken write-offs before.
Back in 2007, 2008 and 2009, sizeable impairments and disposals were also recorded as the original dimt chain failed to build momentum during the recession. You could argue that management had lost its touch then, but the board then changed tack to open Wildwoods and the group has done well since.
A new property director has been recruited recently. He is ex-Prezzo and oversaw the opening of 30 new restaurants a year. He ought to ensure future sites are properly located.
If you look at the history of Prezzo, it recorded write-offs or impairments every year between 2003 and 2014 except for 2004 and 2010. Those charges totalled £18m, though they did no real harm to long-term Prezzo holders and the upward share price. I think it is the nature of the industry that some sites will under perform.|
|The share price has taken quite a knock today in spite of positive underlying figures.
The statement should really have provided much more information on the very large negative figure - the impairment of 5 sites - which is probably the reason for the market disappointment. OK, that means the other 50 are trading "in line with expectations", but there isn't any explanation of the issues involved with the 5 sites. As these sites are suffering an "impairment" one has to assume that they have performed dramatically below expectations and do not have any possibility of turning the situation around. Otherwise, why impair their value (goodwill).
Consequently, one would guess they are in the wrong location for the target market, rather than having poor local management or marketing which could be rectified. A more detailed explanation on the problems - as well as a definitive statement on whether those sites are being closed down - might have reassured the market a little.
The read across on this issue seems to be, IMO, are the management losing their touch in the selection of sites? If they are, will the planned 50%+ increase in the next couple of years reveal other poor choices which will drag the bottom line down further - or were these 5 sites a one-off problem.
In short, as the company increases in size, the directors should provide more detailed on any abnormal event - and a £3M+ in a company of this size is a significant figure.
Confidence in the management may well have taken an unnecessary knock today.|
|Good read across from RTN.|
|Any idea what is causing sudden rise?|
|Big pennant just waiting to half yearly report in about 4 wks|